Turnover
≈ €310,000 estimated
The micro format states no turnover.
MAXCEL
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €259,081 (2019)
€108,026▲ 45.2%
lowest -€86,586 (2012)
€12,904▲ 25×
peak €88,166 (2022)
€77,886▲ 19.9%
€69,291▼ 12.4%
peak 6.3 FTE (2018)
-not published
Board5 names since 2020
2 directorsShun Fu and 1 other
Documentsfilings and deeds
22-07-20269 days before the deadline
2025micro format
Gross margin from €74,377 to €108,026Result from €516 to €12,904Equity from €64,982 to €77,886
Key points
from the 2025 annual accountsFilings
22 annual accounts since 2004
Four of the last ten came late. The 2016 accounts came latest: 155 days after the end of the period.
Checked score
89
Excellent
Financially stronger than 66% of micro companies in food and beverage service (NACE 56)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.6%▼ -0.1 percentage points vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.3%▼ -0.4 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%▼ -0.1 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Size: total assets €147,177
lowers risk
Founded in 2003
Liquidity: current ratio 2.07, cash €41,800
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 70% of them on solvency, 66% on liquidity, 62% on profitability and 66% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as MAXCEL has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAXCEL itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for MAXCEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.07 (1.75 in 2024), above the usual 1.5. Short-term debt is 47.1% and cash 28.4% of total assets. 47.1% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 days early
2024
45 days early
2023
47 days early
2022
54 days early
2021
12 days late
2020
26 days late
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 June (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0860825906
2 directors appointed, 2 resignations
Appointments: Tong & Yan vof and Shun Fu bv · Permanent representatives: Song Yuan and Lijun Jiang · Resignations: Song Yuan and Lijun Jiang · General meeting of 04-09-2020 · Gazette deed
2 directors appointed, 1 resignation
Resignation: Philippe Withofs · Appointments: Yuan Song and Jiang Lijun · Director discharge: Philippe Withofs · General meeting of 03-07-2020 · Gazette deed
New establishment in Leuven
PURE LUNCHBAR, Interleuvenlaan 15
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAXCEL Leuven | €147,177 | €108,026 | 52.9% | - |
| 't Oud Gasthuys Leuven | €146,948 | €117,407 | 36.3% | - |
| Volkscafé De Cam Gooik | €122,879 | €106,228 | 31.7% | - |
| IN DEN ZOETEN INVAL Diest | €131,666 | €107,037 | 29.4% | - |
| PAJANKA Herzele | €154,506 | €104,033 | 75.5% | - |
| VERMEERSCH-DEPOORTERE Roeselare | €151,758 | €116,022 | 33.2% | - |
| TASTY Bruges | €161,847 | €114,796 | 39.8% | - |
These companies have the same main activity as MAXCEL: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €123,000 and €162,000, founded between 2000 and 2004.
Official details
Source: KBO- Status
- Active since 02-10-2003Normal situation
- Registered office
- 25 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Full-service restaurantsNACE 56111and 1 other
- Establishment units
- 2.133.133.2353001 Leuven, since 01-10-2003
- 2.176.127.4943001 Leuven, since 01-01-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Annual accounts 2025
- €147,177▲ 2.1%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on MAXCEL
MAXCEL files the micro format. That format states no turnover. The gross margin fell from €140,565 in 2006 to €108,026 in 2025.
The balance sheet grew most from 2007 to 2008 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MAXCEL
- What is the company number of MAXCEL?
- The company number of MAXCEL is 0860.825.906. The VAT number is the same number with BE in front: BE 0860.825.906.
- Where is MAXCEL based?
- The registered office is at Interleuvenlaan 15, 3001 Leuven.Company details
- What does MAXCEL do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of MAXCEL?
- MAXCEL is a private limited company (pre-2019) (BVBA).
- When was MAXCEL founded?
- MAXCEL was founded on 02-10-2003.
- Is MAXCEL still active?
- Yes, MAXCEL is an active enterprise in the KBO register.
- How many employees does MAXCEL have?
- MAXCEL had an average of 7.7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of MAXCEL?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €108,026 and 87 comparable companies (NACE 56111). It probably lies between €260,000 and €380,000.
- Is MAXCEL profitable?
- In financial year 2025, MAXCEL made a profit of €12,904.
- Where can I find the annual accounts of MAXCEL?
- MAXCEL filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAXCEL due?
- MAXCEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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