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.
Summary
Conclusion
the dossier summarised in one paragraphThe file of MAX2SYSTEM contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 5.5% (elevated). The 2023 annual accounts show equity of €38k and a net result of €202k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 48% of 4773 sector peers (fiscal year 2023).
Based on the State Gazette, CBE and 6 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
2 eventsTrust signals
1 signalAdministrative Flags
0 eventsFinancials
Annual accounts & ratios
Source: NBB · 2023How 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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 14.2% | 16.8% | |
| Net result | €202k | €2k | |
| Equity | €38k | €11k | |
| Gross operating margin | €354k | €42k | |
| Staff costs | €145k | €47k |
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €210k |
| Net profit | €202k |
| Cash flow | €205k |
| Staff costs | €145k |
| Income taxes | €5k |
| Dividends | - |
| Total assets | €267k |
| Equity | €38k |
| Debt | €229k |
| of which ≤ 1y | €229k |
| of which > 1y | - |
| Working capital | €-35k |
| Employees (FTE) | 3.8 |
| 2023 | |
|---|---|
| Current ratio | 0.85 |
| Quick ratio | 0.85 |
| Working capital ratio | -12.9% |
| Solvency | 14.2% |
| Debt / equity | 6.04 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 75.7% |
| ROE | 533.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €267k |
| Fixed assets | 21/28 | €72k |
| Tangible fixed assets | 22/27 | €72k |
| Financial fixed assets | 28 | €185 |
| Current assets | 29/58 | €195k |
| Amounts receivable within one year | 40/41 | €175k |
| Cash & bank | 54/58 | €19k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €267k |
| Equity | 10/15 | €38k |
| Contributions / capital | 10/11 | €11k |
| Accumulated profits (losses) | 14 | €27k |
| Amounts payable | 17/49 | €229k |
| Amounts payable within one year | 42/48 | €229k |
| Income statement | ||
| Gross operating margin | 9900 | €354k |
| Operating result | 9901 | €207k |
| Result before taxes | 9903 | €207k |
| Income taxes | 67/77 | €5k |
| Net result for the period | 9904 | €202k |
| Result to be appropriated | 9905 | €202k |
Health barometer
FY 2023 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Directors
Directors & mandates
6 directors-
Current16-05-2025 → present
Historic, not recently confirmed (1)
-
Not recently confirmedlast confirmed in an act from 2017
Former directors (4)
-
Former01-04-2022 → 16-05-2025
4 events
- 16-05-2025 Resigned· Director
- 12-01-2024 Resigned· Manager
- 12-01-2024 Mandate renewed· Director
- 01-04-2022 Appointed· Director
-
Former- → 01-04-2022
-
Former- → 21-04-2017
-
Former- → 31-12-2016
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | MAIA GUTMANN LE PAIGE RUE DE LA LOI 28,
1040 ETTERBEEK |
30-09-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Cafés en bars(56301) |
| Legal form | Private limited company(610) |
| Incorporation | 07-01-2016 |
| Status | Active |
| Postal code | 1070 |
| First BS signal | 07-10-2024 |
| Latest BS signal | 18-12-2024 |
Structure & network
Company structure: linked entities
1 linked entityLocations & real estate
Registered office
on the map · from the address registerEstablishment units
2 locationsReal-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21522B0429/00E000 | Brussels | 147 m² | 1 · 142 m² | 28.5 m · 8 fl. |
| 21001A0819/00S000 | Brussels | 113 m² | 1 · 75 m² | 15.0 m · 4 fl. |
| 21908E0011/00S016indicative | Brussels | 81 m² | 1 · 74 m² | 14.4 m · 4 fl. |
Publications
Lifecycle & Insolvency Signals
2 events from the State GazetteTime machine: BS events + macro context
2021-2026Belgian State Gazette · acts
1 verified actWhat every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.
- General meeting , 03/12/2025
- Director appointment, STOICESCU Marian (administrateur)
- Director resignation, OUAJMAN Mehdi (administrateur)
- Director discharge, OUAJMAN Mehdi
- Share transfer, OUAJMAN Mehdi → STOICESCU Marian
- Registered-office move , Rue Formanoir 18, 1070 Anderlecht
Analysis
Snowflake analysis
financial profile on 5 axesStrong profile, led by profitability.
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Credit advice
verdict per customer and amountSimilar
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Company registry (CBE)
Crossroads Bank| Legal nameFR | MAX2SYSTEM |