X MAX CONSTRUCT
Open bankruptcyAre you a creditor?
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 2 March 2026
- Supervising judge
- Baudouin Deschamps
- Official Gazette
- 12-03-2026 (pdf) ↗search the document for 2026/110409
Deadlines
- Appeal or third-party opposition until
- passed on 27 March 2026Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 1 April 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 8 April 2026Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- 2 March 2027A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Pol MassartRue Des AlliéS 22 Bp.0, 1190 Forestcabinetmassart@maslaw.be
What to do now
- Stop delivering on credit unless the trustee agrees.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything; once a deadline has passed, it is too late for that step.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
- Staff
- 1 FTE
- Equity
- -€38,069
- Loss
- -€14,839
Signalsraises riskOpen bankruptcyShow the evidence
Signals
Searched, nothing found (1)
- OpeningFrench-language Enterprise Court of Brussels…
- Appointment: Kassem Ahmad (director)Resignation: Slepowronski Artur (director) ·…
- Annual accounts filedfinancial year 2023 · full…
Financials · financial year 2023, full format
2023 annual accounts filed late (131 days) Filed on 9 December 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00615854.
2020 to 2023, 4 financial years
The operating result stays negative: a loss of €14,495 in 2023 against €33,846 in 2022; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: 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).
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €5,886 | €95,040 | €74,901 | ▼ 21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €817 | €1,104 | €3,569 | ▲ 223% |
| Other operating charges640/8 | €348 | €348 | €398 | €1,061 | ▲ 167% |
| Gross operating margin9900 | €2,448 | €16,544 | €62,695 | €65,036 | ▲ 3.7% |
| Operating profit (loss)9901 | €2,100 | €9,493 | -€33,846 | -€14,495 | ▲ 57.2% |
| Financial income75/76B | - | - | €31 | €104 | ▲ 232% |
| Recurring financial income75 | - | - | €31 | €104 | ▲ 232% |
| Financial charges65/66B | €61 | €14 | €1,504 | €447 | ▼ 70.3% |
| Recurring financial charges65 | €61 | €14 | €1,504 | €447 | ▼ 70.3% |
| Profit (loss) for the period before taxes9903 | €2,040 | €9,479 | -€35,319 | -€14,839 | ▲ 58.0% |
| Income taxes67/77 | - | - | €429 | - | - |
| Profit (loss) for the period9904 | €2,040 | €9,479 | -€35,748 | -€14,839 | ▲ 58.5% |
| Profit (loss) for the period to be appropriated9905 | €2,040 | €9,479 | -€35,748 | -€14,839 | ▲ 58.5% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €11,509 | €40,662 | €15,965 | €10,661 | ▼ 33.2% |
| Fixed assets21/28 | - | €1,635 | €8,787 | €5,218 | ▼ 40.6% |
| Tangible fixed assets22/27 | - | €1,635 | €8,787 | €5,218 | ▼ 40.6% |
| Plant, machinery and equipment23 | - | - | €7,970 | €5,218 | ▼ 34.5% |
| Furniture and vehicles24 | - | €1,635 | €817 | - | - |
| Current assets29/58 | €11,509 | €39,027 | €7,178 | €5,444 | ▼ 24.2% |
| Stocks and contracts in progress3 | €1,231 | €226 | €681 | - | - |
| Stocks30/36 | €1,231 | €226 | €681 | - | - |
| Amounts receivable within one year40/41 | €10,107 | €36,565 | €3,806 | €4,421 | ▲ 16.1% |
| Trade receivables40 | €8,550 | €33,512 | €490 | €20 | ▼ 95.9% |
| Other amounts receivable41 | €1,557 | €3,053 | €3,316 | €4,401 | ▲ 32.7% |
| Cash at bank and in hand54/58 | €172 | €2,237 | €2,690 | €1,023 | ▼ 62.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €11,509 | €40,662 | €15,965 | €10,661 | ▼ 33.2% |
| Equity10/15 | €3,040 | €12,518 | -€23,230 | -€38,069 | ▼ 63.9% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Capital10 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Issued capital100 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €2,040 | €11,518 | -€24,230 | -€39,069 | ▼ 61.2% |
| Amounts payable17/49 | €8,469 | €28,144 | €39,195 | €48,730 | ▲ 24.3% |
| Amounts payable within one year42/48 | €8,469 | €21,544 | €39,195 | €48,730 | ▲ 24.3% |
| Trade debts44 | €8,041 | €18,467 | €21,060 | €33,321 | ▲ 58.2% |
| Suppliers440/4 | €8,041 | €18,467 | €21,060 | €33,321 | ▲ 58.2% |
| Advances received on contracts in progress46 | - | - | €2,500 | €5,500 | ▲ 120% |
| Taxes, remuneration and social security45 | €429 | €3,077 | €10,091 | €4,756 | ▼ 52.9% |
| Taxes450/3 | €429 | €1,540 | €907 | - | - |
| Remuneration and social security454/9 | - | €1,536 | €9,184 | €4,756 | ▼ 48.2% |
| Other amounts payable47/48 | - | - | €5,544 | €5,154 | ▼ 7.0% |
| Accrued charges and deferred income492/3 | - | €6,600 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,040 | €9,479 | -€35,748 | -€14,839 | ▲ 58.5% |
| + Depreciation and write-downs630 | - | €817 | €1,104 | €3,569 | ▲ 223% |
| Operating cash flow (approximation) | €2,040 | €10,296 | -€34,644 | -€11,270 | ▲ 67.5% |
| Investment in fixed assets (approximation) | - | - | -€8,256 | €0 | - |
| Change in cash | - | €2,065 | €453 | -€1,667 | - |
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 (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | full format | 09-12-2024 | 2024-00615854 |
| 31-12-2022 | full format | 20-09-2024 | 2024-00467729 |
| 31-12-2021 | full format | 27-01-2023 | 2023-00007877 |
| 31-12-2020 | full format | 10-04-2022 | 2022-20002478 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Pol Massart Rue Des AlliéS 22 Bp.0, 1190 Forest |
02-03-2026 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
X MAX CONSTRUCT was incorporated on 16 June 2020 as a private limited company.1 The registered office was moved to Bruxelles in 2025.2 Total assets went from €11,509 in 2020 to €10,661 in 2023 and headcount from 1 full-time equivalents in 2021 to 1 in 2023.3 On 2 March 2026 the company was declared bankrupt.4
Acts, filings and financial milestones
23-07
Gazette deed
Appointment: Kassem Ahmad (director)Resignation: Slepowronski Artur (director) · Registered-office move · Shareholding10 facts ▸
- General meeting, 20-06-2025
- Other provision, “unanimité, démission au poste d'associés actifs” (deed in French) (2 times)
- Other provision, “décharge entière pour la période de leurs mandats, assemblée générale” (deed in French) (2 times)
- Director appointment, Kassem Ahmad (director)
- Registered-office move, Rue Berckmans 31 boite 11 à 1000 Bruxelles
- Shareholding, “Associé, parts” (deed in French)
- Share transfer, Slepowronski Artur → Kassem Ahmad
- Share transfer, Jaskolski Rafal Kamil → Kassem Ahmad
- Share transfer, Gladysz Lukasz → Kassem Ahmad
- Director resignation, Slepowronski Artur (director)
25-09
Gazette deed
Capital & shares · Resignations & appointmentsShare transfer · Director in office · Shareholding9 facts ▸
- General meeting, 03-09-2024
- Share transfer, Knopka Robert → Slepowronski Artur
- Share transfer, Smreczak-Ogorek Dariusz Antoni → Jaskolski Rafal Kamil
- Share transfer, Grabowski Andrzej → Gladysz Lukasz
- Other provision, 31-03-2022
- Other provision, 30-09-2022
- Other provision, 30-06-2020
- Director in office, Slepowronski Artur (director)
- Shareholding, 03-09-2024, “parts” (deed in French)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21013B0040/00H013 | Brussels | 380 m² | 1 · 377 m² | 25.2 m · 1 |