T MAX
ActiveSummary
The computed 12-month bankruptcy probability of T MAX is 3.8% (moderate). The 2025 annual accounts show equity of €64k and a net result of €21k. Its solvency ranks better than 56% of 3705 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-17
Solvency60▲+9
Growth52
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.33 in 2024; short-term debt: 34.8% and cash: 25.6% of total assets), and 65% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35%
Return on assets
11.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 2 filingsDeviation from the deadline
2025
28 d late
2024
27 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€64k▲ 47.6%
2024 · €44k
2024: €44k
2025: €64k▲ +47.6% vs 2024
2024 → 2025
Total assets
€184k▲ 10.5%
2024 · €167k
2024: €167k
2025: €184k▲ +10.5% vs 2024
2024 → 2025
Net result
€21k▼ 54.5%
2024 · €46k
2024: €46k
2025: €21k▼ -54.5% vs 2024
2024 → 2025
Working capital
€28k▲ 44.9%
2024 · €19k
2024: €19k
2025: €28k▲ +44.9% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€44k-€64k▲ 47.6%
2024: €44k
2025: €64k▲ +47.6% vs 2024
Operating result€67k-€32k▼ 52.2%
2024: €67k
2025: €32k▼ -52.2% vs 2024
Net result€46k-€21k▼ 54.5%
2024: €46k
2025: €21k▼ -54.5% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €184k
Fixed assets
€93k ▲ 3.6%
Current assets
€92k ▲ 18.5%
Equity and liabilities €184k
Equity
€64k ▲ 47.6%
Debt
€120k ▼ 2.6%
Debt's share of the balance-sheet total falls from 73.8% to 65.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49k▼
2024 · €91k
Cash flow
€38k▼
2024 · €70k
Current ratio
1.43▲
2024 · 1.33
Quick ratio
1.38▲
2024 · 1.27
Debt to equity
1.86▼
2024 · 2.82
ROE
32.2%▼
2024 · 104.6%
ROA
11.3%▼
2024 · 27.4%
Interest coverage
14.18▼
2024 · 16.76
Debt ≤ 1 year
€64k▲
2024 · €58k
Debt > 1 year
€54k▼
2024 · €64k
Income taxes
€8k▼
2024 · €16k
Staff costs
€97k▼
2024 · €187k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€167k€184k▲
Fixed assets21/28€89k€93k▲
Intangible fixed assets21€23k€21k▼
Tangible fixed assets22/27€63k€68k▲
Plant, machinery and equipment23€62k€65k▲
Furniture and vehicles24€551€3k▲
Financial fixed assets28€3k€3k=
Current assets29/58€77k€92k▲
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€22k€40k▲
Trade receivables40€21k€40k▲
Other amounts receivable41€812€459▼
Cash at bank and in hand54/58€52k€47k▼
Deferred charges and accrued income490/1€437€1k▲
Equity and liabilities
Total equity and liabilities10/49€167k€184k▲
Equity10/15€44k€64k▲
Contributions10/11€3k€3k=
Reserves13€41k€61k▲
Distributable reserves133€41k€61k▲
Amounts payable17/49€123k€120k▼
Amounts payable after more than one year17€64k€54k▼
Financial debts170/4€64k€54k▼
Amounts payable within one year42/48€58k€64k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€35k€39k▲
Suppliers440/4€35k€39k▲
Taxes, remuneration and social security45€8k€15k▲
Taxes450/3€1k€4k▲
Remuneration and social security454/9€7k€11k▲
Other amounts payable47/48€5k-
Accrued charges and deferred income492/3€656€2k▲
Income statement
Code20242025
Non-recurring operating income76A-€689
Remuneration, social security and pensions62€187k€97k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€17k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€281k€148k▼
Operating profit (loss)9901€67k€32k▼
Financial income75/76B€135€34▼
Recurring financial income75€135€34▼
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€61k€28k▼
Income taxes67/77€16k€8k▼
Profit (loss) for the period9904€46k€21k▼
Profit (loss) for the period to be appropriated9905€46k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€21k▼
Transfer to equity691/2€41k€21k▼
To other reserves6921€41k€21k▼
Profit to be distributed694/7€5k-
Directors or managers695€5k-
Social balance
Average headcount (FTE)90872.73.2▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €689 | - |
| Remuneration, social security and pensions62 | €187k | €97k | ▼ 48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €17k | ▼ 28.4% |
| Other operating charges640/8 | €3k | €2k | ▼ 45.6% |
| Gross operating margin9900 | €281k | €148k | ▼ 47.3% |
| Operating profit (loss)9901 | €67k | €32k | ▼ 52.2% |
| Financial income75/76B | €135 | €34 | ▼ 74.5% |
| Recurring financial income75 | €135 | €34 | ▼ 74.5% |
| Financial charges65/66B | €5k | €3k | ▼ 36.1% |
| Recurring financial charges65 | €5k | €3k | ▼ 36.1% |
| Profit (loss) for the period before taxes9903 | €61k | €28k | ▼ 53.7% |
| Income taxes67/77 | €16k | €8k | ▼ 51.4% |
| Profit (loss) for the period9904 | €46k | €21k | ▼ 54.5% |
| Profit (loss) for the period to be appropriated9905 | €46k | €21k | ▼ 54.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €167k | €184k | ▲ 10.5% |
| Fixed assets21/28 | €89k | €93k | ▲ 3.6% |
| Intangible fixed assets21 | €23k | €21k | ▼ 8.3% |
| Tangible fixed assets22/27 | €63k | €68k | ▲ 8.2% |
| Plant, machinery and equipment23 | €62k | €65k | ▲ 4.9% |
| Furniture and vehicles24 | €551 | €3k | ▲ 388% |
| Financial fixed assets28 | €3k | €3k | = |
| Current assets29/58 | €77k | €92k | ▲ 18.5% |
| Stocks and contracts in progress3 | €3k | €3k | ▼ 13.4% |
| Stocks30/36 | €3k | €3k | ▼ 13.4% |
| Amounts receivable within one year40/41 | €22k | €40k | ▲ 83.3% |
| Trade receivables40 | €21k | €40k | ▲ 88.2% |
| Other amounts receivable41 | €812 | €459 | ▼ 43.5% |
| Cash at bank and in hand54/58 | €52k | €47k | ▼ 8.5% |
| Deferred charges and accrued income490/1 | €437 | €1k | ▲ 214% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €167k | €184k | ▲ 10.5% |
| Equity10/15 | €44k | €64k | ▲ 47.6% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €41k | €61k | ▲ 51.1% |
| Distributable reserves133 | €41k | €61k | ▲ 51.1% |
| Amounts payable17/49 | €123k | €120k | ▼ 2.6% |
| Amounts payable after more than one year17 | €64k | €54k | ▼ 15.7% |
| Financial debts170/4 | €64k | €54k | ▼ 15.7% |
| Amounts payable within one year42/48 | €58k | €64k | ▲ 10.0% |
| Current portion of amounts payable after more than one year42 | €10k | €10k | ▲ 4.3% |
| Trade debts44 | €35k | €39k | ▲ 9.9% |
| Suppliers440/4 | €35k | €39k | ▲ 9.9% |
| Taxes, remuneration and social security45 | €8k | €15k | ▲ 81.7% |
| Taxes450/3 | €1k | €4k | ▲ 270% |
| Remuneration and social security454/9 | €7k | €11k | ▲ 50.3% |
| Other amounts payable47/48 | €5k | - | - |
| Accrued charges and deferred income492/3 | €656 | €2k | ▲ 158% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €21k | ▼ 54.5% |
| + Depreciation and write-downs630 | €24k | €17k | ▼ 28.4% |
| Operating cash flow (approximation) | €70k | €38k | ▼ 45.5% |
| Investment in fixed assets (approximation) | - | €-20k | - |
| Change in cash | - | €-4k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
NBB filing
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, Maasmechelen · 1 establishment unit since 2023
Ground area
541 m²
Building footprint
96 m²
Volume, LiDAR
996 m³
Parcel 73048E0927/00K094, Flanders · tallest building 12.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Da Angelo
since 20232.342.982.342
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048E0927/00K094 | Flanders | 541 m² | 1 · 96 m² | 12.5 m · 4 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 siteMaasmechelen2.342.982.342
Similar companies · same sector, comparable size
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LUCAS
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DANFE
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,866 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
Founded23-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
47110Non-specialised retail sale with food, beverages or tobacco predominating
47279Other retail sale of food
56220Contract catering and other food service activities
Scores and ratios are computed by Checked and are not a credit decision.