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MAX STAR

Active
Adolphe Maxlaan 129 ·1000 Brussel, Belgium
BE 0748.993.814
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Full dossier in preparation

Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age6 yrs
Board1

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of MAX STAR is 6.8% (elevated). The 2024 annual accounts show equity of €27k and a net result of €-6k. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 54% of 2217 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
6.8% Elevated
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector +Young company +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Trust signals

3 signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events
No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-6k
Working capital€-13k+54.5%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 28-12-2025 with the NBB · fiscal year 2024 · micro
€-20k€0€20k€40kOperating result 2021: €-3k€-3kNet result 2021: €-3k€-3kOperating result 2022: €47k€47kNet result 2022: €41k€41kOperating result 2023: €22k€22kNet result 2023: €20k€20kOperating result 2024: €1k€1kNet result 2024: €-6k€-6k2021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~21%/year over 4 fiscal years, indicative, assuming unchanged policy.
€0€20k€40k€60k€80k2025: €39k (€27k - €50k)2026: €44k (€26k - €63k)2027: €50k (€25k - €75k)2021: €7k2022: €28k2023: €33k2024: €27k2021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 49, Land transport · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 30.6% 27.3%
better than 54% of 2217 sector peers
Net result €-6k €6k
better than 18% of 2201 sector peers
Equity €27k €17k
better than 62% of 2223 sector peers
Gross operating margin €24k €28k
better than 46% of 2190 sector peers
Total assets €88k €65k
better than 59% of 2218 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€9k
-76.3% -86% vs sector
Net profit
€-6k
- far below sector median
Cash flow
€2k
-95.5% -98% vs sector
Total assets
€88k
-0.5% -80% vs sector
Equity
€27k
-18.6% -92% vs sector
Working capital
€-13k
+54.5% far below sector median
Income taxes
€7k
+347.1% -2% vs sector
Debt
€61k
+10.4% -48% vs sector
Debt ≤ 1y
€61k
+10.4% -40% vs sector
Current ratio
0.79
+62.1% -73% vs sector
Quick ratio
0.79
+62.1% -73% vs sector
Solvency
30.6%
-18.2% -54% vs sector
Debt / equity
2.26
+35.6% far above sector median
ROE
-22.9%
- far below sector median
ROA
-7.0%
- far below sector median
Interest coverage
5050.77
-84.8% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€9k
Net profit€-6k
Cash flow€2k
Staff costs-
Income taxes€7k
Dividends-
Total assets€88k
Equity€27k
Debt€61k
of which ≤ 1y€61k
of which > 1y-
Working capital€-13k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.79
Quick ratio0.79
Working capital ratio-14.7%
Solvency30.6%
Debt / equity2.26
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-7.0%
ROE-22.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€88k
Fixed assets 21/28€40k
Tangible fixed assets 22/27€40k
Current assets 29/58€48k
Amounts receivable within one year 40/41€43k
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€88k
Equity 10/15€27k
Contributions / capital 10/11€10k
Accumulated profits (losses) 14€17k
Amounts payable 17/49€61k
Amounts payable within one year 42/48€61k
Trade debts payable within one year 44€4k
Income statement
Gross operating margin 9900€24k
Operating result 9901€1k
Result before taxes 9903€1k
Income taxes 67/77€7k
Net result for the period 9904€-6k
Result to be appropriated 9905€-6k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
27 / 100 Weak
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Directors

Directors & mandates

4 directors
Current directors & mandates
Former directors (3)
  • AHMED MOHAMED SALEH ELTORGMAN
    Director
    State Gazette act 25037964 (21-03-2025)
    Former
    01-01-2025 → 29-06-2025
    2 events
    • 29-06-2025 Resigned· Director
    • 01-01-2025 Appointed· Director
  • Alain-Olivier Mulembakani
    Director
    State Gazette act 25016243 (31-01-2025)
    Former
    01-07-2024 → 01-01-2025
    2 events
    • 01-01-2025 Resigned· Director
    • 01-07-2024 Appointed· Director
  • Sarfraz Butt
    Director
    State Gazette act 25016243 (31-01-2025)
    Former
    01-07-2024 → 01-01-2025
    2 events
    • 01-01-2025 Resigned· Director
    • 01-07-2024 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

indexing
No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Diensten voor personenvervoer op aanvraag per voertuig met chauffeur(49330)
Legal form Private limited company(610)
Incorporation25-06-2020
StatusActive
Postal code1000

Structure & network

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register

Establishment units

1 location
MAX STAR
Adolphe Maxlaan 129, 1000 BrusselVerhuur van personenauto's met chauffeur
since 20202.305.095.033
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area75 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21802B0078/00R004 Brussels 75 m² - -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Analysis

Snowflake analysis

financial profile on 5 axes
Health27Profitability0Solvency43Growth52Stability100
44 / 100

Fragile profile, watch profitability in particular.

Health 27
Profitability 0
Solvency 43
Growth 52
Stability 100

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Exploitatie van taxi's49320Diensten voor personenvervoer op aanvraag per voertuig met chauffeur49330
Primary activity highlighted.
Names & trade names
Legal nameFR MAX STAR
Registered office
Adolphe Maxlaan 129
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.