MAX2SYSTEM
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (84 days) Filed on 23 October 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00515002.
Equity
€37,896
2022 · -€164,126
Total assets
€266,953▲ 180%
2022 · €95,303
Net result
€202,022
2022 · -€153,953
Working capital
-€34,556▲ 82.7%
2022 · -€199,898
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result returns to profit in 2023: €206,539 after a loss of €153,695 in 2022, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€206,539
2023
Net result€202,022
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€266,953
2023
Equity€37,896
2023
Debt€229,058
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€34,556
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)75.7%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency14.2%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.85
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)3.8
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€4,192-€15,540▲ 271%€4,582▼ 70.5%-€36,524-€153,695▼ 321%€206,539
Net result€3,711-€11,269▲ 204%€4,404within the sector's middle half▼ 60.9%-€36,996below the sector's middle half-€153,953below the sector's middle half▼ 316%€202,022above the sector's middle half
Equity€11,149-€22,419▲ 101%€26,823within the sector's middle half▲ 19.6%-€10,173below the sector's middle half-€164,126below the sector's middle half▼ 1,513%€37,896within the sector's middle half
Total assets€29,644-€56,127▲ 89.3%€33,258below the sector's middle half▼ 40.7%€29,245below the sector's middle half▼ 12.1%€95,303within the sector's middle half▲ 226%€266,953above the sector's middle half▲ 180%
Debt€18,494-€24,708▲ 33.6%€6,435▼ 74.0%€39,418▲ 513%€259,429▲ 558%€229,058▼ 11.7%
Working capital-€2,688-€23,741€22,413within the sector's middle half▼ 5.6%€14,561within the sector's middle half▼ 35.0%-€199,898below the sector's middle half-€34,556below the sector's middle half▲ 82.7%
Solvency37.6%-39.9%▲ 2.3pp80.7%above the sector's middle half▲ 40.7pp-34.8%below the sector's middle half▼ 115.4pp-172.2%below the sector's middle half▼ 137.4pp14.2%within the sector's middle half▲ 186.4pp
Current ratio0.85-1.96▲ 1.114.48above the sector's middle half▲ 2.522.03within the sector's middle half▼ 2.450.15below the sector's middle half▼ 1.880.85within the sector's middle half▲ 0.70
Return on assets (ROA)12.5%-20.1%▲ 7.6pp13.2%within the sector's middle half▼ 6.8pp-126.5%below the sector's middle half▼ 139.7pp-161.5%below the sector's middle half▼ 35.0pp75.7%above the sector's middle half▲ 237.2pp
Staff (FTE)1.5-1.4▼ 6.7%1.5within the sector's middle half▲ 7.1%2.9▲ 93.3%3.8
above
within
below
the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €266,953
Fixed assets
€72,451 ▲ 18.7%
Current assets
€194,502 ▲ 468%
Equity and liabilities €266,953
Equity
€37,896
Debt
€229,058
Debt finances 85.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€209,703▲
2022 · -€150,531
Cash flow
€205,185▲
2022 · -€150,789
Debt to equity
6.04
ROE
533.1%
Debt ≤ 1 year
€229,058▼
2022 · €234,169
Income taxes
€4,517
Staff costs
€144,758▲
2022 · €8,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €13,863 | €8,000 | €144,758 | ▲ 1,709% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,857 | €6,159 | €4,181 | €3,885 | €3,164 | €3,164 | = |
| Other operating charges640/8 | - | - | - | €1,776 | €9,549 | - | - |
| Gross operating margin9900 | €32,165 | €56,149 | €12,439 | -€17,000 | -€132,982 | €354,461 | - |
| Operating profit (loss)9901 | €4,192 | €15,540 | €4,582 | -€36,524 | -€153,695 | €206,539 | - |
| Recurring financial income75 | €1 | €149 | €25 | - | - | - | - |
| Financial charges65/66B | - | - | - | €335 | €258 | - | - |
| Recurring financial charges65 | €149 | €266 | €155 | €335 | €258 | - | - |
| Profit (loss) for the period before taxes9903 | €4,044 | €15,423 | €4,452 | -€36,858 | -€153,953 | €206,539 | - |
| Income taxes67/77 | €333 | €4,154 | €48 | €138 | - | €4,517 | - |
| Profit (loss) for the period9904 | €3,711 | €11,269 | €4,404 | -€36,996 | -€153,953 | €202,022 | - |
| Profit (loss) for the period to be appropriated9905 | €3,711 | €11,269 | €4,404 | -€36,996 | -€153,953 | €202,022 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €29,644 | €56,127 | €33,258 | €29,245 | €95,303 | €266,953 | ▲ 180% |
| Fixed assets21/28 | €13,837 | €7,678 | €4,411 | €526 | €61,032 | €72,451 | ▲ 18.7% |
| Tangible fixed assets22/27 | €13,652 | €7,493 | €4,226 | €341 | €60,847 | €72,266 | ▲ 18.8% |
| Plant, machinery and equipment23 | - | - | - | €341 | €55,180 | €69,433 | ▲ 25.8% |
| Furniture and vehicles24 | - | - | - | - | €5,667 | €2,833 | ▼ 50.0% |
| Financial fixed assets28 | €185 | €185 | €185 | €185 | €185 | €185 | = |
| Current assets29/58 | €15,806 | €48,449 | €28,848 | €28,719 | €34,271 | €194,502 | ▲ 468% |
| Stocks and contracts in progress3 | €1,500 | €1,500 | €1,500 | - | - | - | - |
| Amounts receivable within one year40/41 | €12,962 | €19,636 | €1,022 | €22,413 | €14,881 | €175,111 | ▲ 1,077% |
| Other amounts receivable41 | - | - | - | €22,413 | €14,881 | €175,111 | ▲ 1,077% |
| Cash at bank and in hand54/58 | €1,344 | €26,251 | €26,180 | €6,259 | €19,343 | €19,343 | = |
| Deferred charges and accrued income490/1 | - | - | - | €48 | €48 | €48 | = |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €29,644 | €56,127 | €33,258 | €29,245 | €95,303 | €266,953 | ▲ 180% |
| Equity10/15 | €11,149 | €22,419 | €26,823 | -€10,173 | -€164,126 | €37,896 | - |
| Contributions10/11 | €11,050 | €11,050 | - | €11,050 | €11,050 | €11,050 | = |
| Contributions outside capital11 | - | - | - | - | €11,050 | €11,050 | = |
| Other1109/19 | - | - | - | - | €11,050 | €11,050 | = |
| Profit (loss) carried forward14 | €99 | €11,369 | €15,773 | -€21,223 | -€175,176 | €26,846 | - |
| Provisions and deferred taxes16 | - | €9,000 | - | - | - | - | - |
| Amounts payable17/49 | €18,494 | €24,708 | €6,435 | €39,418 | €259,429 | €229,058 | ▼ 11.7% |
| Amounts payable within one year42/48 | €18,494 | €24,708 | €6,435 | €14,158 | €234,169 | €229,058 | ▼ 2.2% |
| Trade debts44 | €9,965 | €15,906 | €5,302 | €12,826 | €12,456 | - | - |
| Suppliers440/4 | - | - | - | €12,826 | €12,456 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,332 | €1,218 | €10,318 | ▲ 747% |
| Taxes450/3 | - | - | - | €138 | €24 | €10,318 | ▲ 43,768% |
| Remuneration and social security454/9 | - | - | - | €1,195 | €1,195 | - | - |
| Other amounts payable47/48 | - | - | - | - | €220,495 | €218,740 | ▼ 0.8% |
| Accrued charges and deferred income492/3 | - | - | - | €25,260 | €25,260 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,711 | €11,269 | €4,404 | -€36,996 | -€153,953 | €202,022 | - |
| + Depreciation and write-downs630 | €6,857 | €6,159 | €4,181 | €3,885 | €3,164 | €3,164 | = |
| Operating cash flow (approximation) | €10,568 | €17,429 | €8,586 | -€33,111 | -€150,789 | €205,185 | - |
| Investment in fixed assets (approximation) | - | €0 | -€914 | €0 | -€63,670 | -€14,583 | ▲ 77.1% |
| Change in cash | - | €24,906 | -€71 | -€19,921 | €13,084 | €0 | ▼ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 23-10-2024 | 2024-00515002 |
| 31-12-2022 | micro format | 08-09-2023 | 2023-00445188 |
| 31-12-2021 | micro format | 24-06-2022 | 2022-20158604 |
| 31-12-2020 | micro format | 23-07-2021 | 2021-39600125 |
| 31-12-2019 | micro format | 10-07-2020 | 2020-29400330 |
| 31-12-2018 | micro format | 04-07-2019 | 2019-29000240 |
| 31-12-2017 | micro format | 13-07-2018 | 2018-33100389 |
| 31-12-2016 | micro format | 01-03-2018 | 2018-06100328 |
Similar companies · same sector, comparable size
BAROMY
BE 0756.489.241
Hechtel-Eksel · equity €37,938
BARLOU
BE 0502.793.263
Gent · equity €37,944
DAWAG
BE 0842.898.326
Etterbeek · equity €37,959
De Spelarena
BE 1000.817.393
Kontich · equity €37,968
BRASSERIE AU POINT DE VUE
BE 0661.977.983
Liège · equity €37,975
Of the 13,714 active companies whose main activity is cafés and bars (NACE 56301), figures are known for 4,907. 4,129 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.