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MAX.SEF

Active
Private limited companyfounded 20215 yrs activeMaurice Lemonnierlaan 111, 1000 Brussel, BelgiumKBO/BCE: BE 0766.277.927
Summary

The computed 12-month bankruptcy probability of MAX.SEF is 21.0% (high). The 2025 annual accounts show equity of €2,865 and a net result of -€1,320. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 13604 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2025
44 / 100
Weak
A high bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency100=
Growth52=
Track record86
Bankruptcy probability, 12 months
21.0% High
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
balance sheet total too small for a liquidity verdict.
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Signals

Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Age of the figures
Age of the figures
9 mo
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
31 d late
2024
30 d late
2023
28 d late
2022
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline

History

MAX.SEF was incorporated on 1 April 2021 as a Private limited company.1 Revenue fell from EUR 9,270 in 2022 to EUR 4,584 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2025, micro schema

Turnover
€4,584▼ 37.2%
2023 · €7,300
EBIT margin
53.2%▲ 7.5pp
2023 · 45.7%
Net result
-€1,320
2024 · €2,175
Working capital
€2,011
2022 · -€1,201
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Turnover€9,270-€7,300▼ 21.3%€4,584▼ 37.2%
Operating result-€6,201-€3,338€2,438▼ 27.0%-€1,122
Net result-€6,201within the sector's middle half-€3,212within the sector's middle half€2,175within the sector's middle half▼ 32.3%-€1,320within the sector's middle half
EBIT margin-66.9%-45.7%▲ 112.6pp53.2%▲ 7.5pp
Equity-€1,201within the sector's middle half-€2,011within the sector's middle half€4,185within the sector's middle half▲ 108%€2,865within the sector's middle half▼ 31.5%
Total assets€298below the sector's middle half-€2,767below the sector's middle half▲ 829%€4,185below the sector's middle half▲ 51.2%€2,865below the sector's middle half▼ 31.5%
Debt€1,499-€756▼ 49.6%
Working capital-€1,201within the sector's middle half-€2,011within the sector's middle half
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€7,500-€5,000-€2,500€0€2,500Operating result 2022: -€6,201-€6,201Net result 2022: -€6,201-€6,201Operating result 2023: €3,338€3,338Net result 2023: €3,212€3,212Operating result 2024: €2,438€2,438Net result 2024: €2,175€2,175Operating result 2025: -€1,122-€1,122Net result 2025: -€1,320-€1,3202022202320242025-€2,000€0€2,000€4,000Operating result 2023: €3,338€3,340Net result 2023: €3,212€3,210Operating result 2024: €2,438€2,440Net result 2024: €2,175€2,180Operating result 2025: -€1,122-€1,120Net result 2025: -€1,320-€1,320202320242025
The operating result turns negative in 2025: a loss of €1,122 after €2,438 in 2024.

Peer companies

Historical observation

Of the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.8% went bankrupt
9.2% stopped otherwise
87% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 21.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,597 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 23 lines
Balance sheet Code20242025
Assets
Total assets20/58€4,185€2,865▼
Current assets29/58€4,185€2,865▼
Amounts receivable after more than one year29-€1,264
Other amounts receivable291-€1,264
Amounts receivable within one year40/41€2,396-
Other amounts receivable41€2,396-
Cash at bank and in hand54/58€1,789€1,601▼
Equity and liabilities
Total equity and liabilities10/49€4,185€2,865▼
Equity10/15€4,185€2,865▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€815-€2,135▼
Income statement Code20242025
Turnover70€4,584-
Goods, raw materials, services and sundry goods60/61€2,146-
Non-recurring operating charges66A-€1,122
Gross operating margin9900€2,438€0▼
Operating profit (loss)9901€2,438-€1,122▼
Financial charges65/66B€263€198▼
Recurring financial charges65€263€198▼
Profit (loss) for the period before taxes9903€2,175-€1,320▼
Profit (loss) for the period9904€2,175-€1,320▼
Profit (loss) for the period to be appropriated9905€2,175-€1,320▼
Appropriation of the result
Profit (loss) to be appropriated9906-€815-€2,135▼
Profit (loss) brought forward from the previous period14P-€2,990-€815▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Turnover70€9,270€7,300€4,584--
Goods, raw materials, services and sundry goods60/61€14,827€3,899€2,146--
Other operating charges640/8€644€63---
Non-recurring operating charges66A---€1,122-
Gross operating margin9900-€5,557€3,401€2,438€0▼ 100%
Operating profit (loss)9901-€6,201€3,338€2,438-€1,122▼ 146%
Financial income75/76B-€15---
Recurring financial income75-€15---
Financial charges65/66B-€141€263€198▼ 24.5%
Recurring financial charges65-€141€263€198▼ 24.5%
Profit (loss) for the period before taxes9903-€6,201€3,212€2,175-€1,320▼ 161%
Profit (loss) for the period9904-€6,201€3,212€2,175-€1,320▼ 161%
Profit (loss) for the period to be appropriated9905-€6,201€3,212€2,175-€1,320▼ 161%
Line2022202320242025Change
Assets
Total assets20/58€298€2,767€4,185€2,865▼ 31.5%
Current assets29/58€298€2,767€4,185€2,865▼ 31.5%
Amounts receivable after more than one year29---€1,264-
Other amounts receivable291---€1,264-
Amounts receivable within one year40/41€203€903€2,396--
Trade receivables40€203----
Other amounts receivable41-€903€2,396--
Cash at bank and in hand54/58€95€1,864€1,789€1,601▼ 10.5%
Equity and liabilities
Total equity and liabilities10/49€298€2,767€4,185€2,865▼ 31.5%
Equity10/15-€1,201€2,011€4,185€2,865▼ 31.5%
Contributions10/11€5,000€5,000€5,000€5,000=
Outside capital11€5,000€5,000---
Share premium1100/10-€5,000---
Other1109/19€5,000----
Profit (loss) carried forward14-€6,201-€2,989-€815-€2,135▼ 162%
Amounts payable17/49€1,499€756---
Amounts payable within one year42/48€1,499€756---
Trade debts44€200€536---
Suppliers440/4€200€536---
Taxes, remuneration and social security45€1,299€220---
Taxes450/3€1,299€220---
Line2022202320242025Change
Profit (loss) for the period9904-€6,201€3,212€2,175-€1,320▼ 161%
Operating cash flow (approximation)-€6,201€3,212€2,175-€1,320▼ 161%
Change in cash-€1,769-€75-€188▼ 151%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
16-05
KBO administration Address struck
Imperiastraat 8 1930 Die Sitzadresse Imperiastraat 8 1930 Zaventem · event 05-05-2025
2024
28-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial Back to profitnet €3,212
Net result €3,212 after one loss-making year.
31-12
Financial Liquidity times 18current ratio 3.66
Current ratio from 0.20 to 3.66; short-term debt falls from €1,499 to €756.
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
133 m²
Building footprint
133 m²
Volume, LiDAR
2,234 m³
Parcel 21810L2135/00N000, Brussels · tallest building 22.7 m, ±6 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
UNO
Maurice Lemonnierlaan 111, 1000 BrusselFood and beverage service activities
since 20212.315.802.051
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21810L2135/00N000 Brussels 133 m² 1 · 133 m² 22.7 m · 6 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Brussel2.315.802.051
1 permission
Toelating · Eetgelegenheid · since 03-05-2021

Similar companies · same sector, comparable size

Of 20,509 companies in sector 56111 we hold annual accounts for 11,464. 3,568 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded01-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail sefsaf@msn.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:0766277927
Also 9925:BE0766277927
Registered 28-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.