Active BE 0807.499.660Private limited company

ZOFF by Max

Mechelsestraat 25 ·3000 Leuven, Belgium· 17 yrs active

Sector: Limited-service restaurants, excluding mobile food services (56112)

Conclusion Checked

The computed 12-month bankruptcy probability of ZOFF by Max is 1.6% (moderate). The 2025 annual accounts show equity of €468k and a net result of €49k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 50% of 158 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€468k
Net result	€49k
Staff (FTE)	12
Better than sector	50%

Financial profile 5 of 5 axes measured · computed by Checked

77 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 83

Profitability 52

Solvency 74

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.6% Moderate

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2008, 17 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

83 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€40k

estimate, not credit advice

Score history

66 2023

91 2024

83 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 2.30 (≥ 1.5) +10

Quick ratio Quick ratio 2.21 (≥ 1.0) +5

Profitability ROE 10% (≥ 10%) +10

Interest coverage Interest coverage 6.3× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview17 NBB filings

Annual accounts filed on 30-04-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~16.5%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How 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).

Sector comparison

Fiscal year 2025 · NACE 56, Food and beverage service activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	32.8%	32.3%	better than 50% of 158 sector peers
Net result	€49k	€18k	better than 66% of 158 sector peers
Equity	€468k	€103k	better than 88% of 158 sector peers
Gross operating margin	€686k	€312k	better than 79% of 157 sector peers
Staff costs	€514k	€232k	higher than 78% of 131 sector peers

EBITDA

€161k

-28.9% 23-25

Net profit

€49k

-44.9% 23-25

Cash flow

€116k

-27.7% 23-25

Total assets

€1.43M

-2.7% 23-25

Equity

€468k

+11.7% 23-25

Working capital

€353k

+9.2% 23-25

Employees (FTE)

12

-3.2% 23-25

Staff costs

€514k

+2.7% 23-25

Income taxes

€24k

-45.2% 23-25

Debt

€958k

-8.4% 23-25

Debt ≤ 1y

€271k

-2.6% 23-25

Debt > 1y

€687k

-10.5% 23-25

Current ratio

2.30

+6.5% 23-25

Quick ratio

2.21

+6.9% 23-25

Solvency

32.8%

+14.8% 23-25

Debt / equity

2.05

-18.0% 23-25

ROE

10.5%

-50.7% 23-25

ROA

3.4%

-43.4% 23-25

Interest coverage

6.29

-25.2% 23-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023
Deposit	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-
EBITDA	€161k	€226k	€135k
Net profit	€49k	€89k	€15k
Cash flow	€116k	€160k	€95k
Staff costs	€514k	€500k	€479k
Income taxes	€24k	€44k	€9k
Dividends	-	-	-
Total assets	€1.43M	€1.46M	€1.47M
Equity	€468k	€419k	€330k
Debt	€958k	€1.05M	€1.14M
of which ≤ 1y	€271k	€278k	€292k
of which > 1y	€687k	€767k	€846k
Working capital	€353k	€323k	€266k
Employees (FTE)	12.0	12.4	11.6

Ratios (computed)

	2025	2024	2023
Current ratio	2.30	2.16	1.91
Quick ratio	2.21	2.07	1.81
Working capital ratio	24.7%	22.1%	18.1%
Solvency	32.8%	28.6%	22.5%
Debt / equity	2.05	2.49	3.45
Long-term debt ratio	1.47	1.83	2.56
Interest coverage	6.29	8.41	3.82
Gross margin	-	-	-
Net margin	-	-	-
ROA	3.4%	6.1%	1.0%
ROE	10.5%	21.2%	4.5%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €802k · 56.2% Current assets €624k · 43.8%

Equity & liabilities

Equity €468k · 32.8% Debt €958k · 67.2%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.43M	€1.46M	€1.47M
Fixed assets	21/28	€802k	€863k	€910k
Tangible fixed assets	22/27	€802k	€863k	€910k
Current assets	29/58	€624k	€602k	€559k
Stocks & contracts in progress	3	€26k	€26k	€29k
Amounts receivable within one year	40/41	€62k	€28k	€47k
Cash & bank	54/58	€273k	€281k	€230k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.43M	€1.46M	€1.47M
Equity	10/15	€468k	€419k	€330k
Contributions / capital	10/11	€19k	€19k	€19k
Reserves	13	€450k	€401k	€312k
Amounts payable	17/49	€958k	€1.05M	€1.14M
Amounts payable after one year	17	€687k	€767k	€846k
Amounts payable within one year	42/48	€271k	€278k	€292k
Trade debts payable within one year	44	€95k	€97k	€102k
Income statement
Gross operating margin	9900	€686k	€729k	€621k
Operating result	9901	€94k	€155k	€55k
Financial income	75	€4k	€5k	€4k
Financial charges	65	€26k	€27k	€35k
Result before taxes	9903	€73k	€133k	€24k
Income taxes	67/77	€24k	€44k	€9k
Net result for the period	9904	€49k	€89k	€15k
Result to be appropriated	9905	€49k	€89k	€15k

Legal Structure

NACE primary	Limited-service restaurants, excluding mobile food services(56112)
Legal form	Private limited company(610)
Incorporation	24-10-2008
Status	Active
Postal code	3000

Establishment units 2 locations

ZOFF bij Max

Mechelsestraat 25, 3000 LeuvenManufacture of food products

since 20082.174.233.917

GIGI

Mechelsestraat 34, 3000 LeuvenRetail trade

since 20142.231.969.208

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24505F0625/00R000	Flanders	176 m²	1 · 130 m²	13.8 m · 4 fl.
24062A0572/00C000 ProtectedMonumentCollegium Trilingue en aanpalende woonhuizenSource ↗	Flanders	120 m²	1 · 120 m²	14.5 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 11 events

All 12Financial 1Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 30-04-2027

2026

30-04

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

10-04

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

30-09

Financial Highest result since 2023net €89k ▲500%

Operating result €155k, net result €89k, both a record.

25-03

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

28-12

State Gazette act Director changes

Karen Hauwaerts

17-05

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 17 days late

2022

29-03

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

30-04

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

16-03

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

04-03

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

30-03

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

31-03

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

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.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

28-12-2023 SCA Vervoort & co appointed as bijzondere gevolmachtigde Director changes·Karen Hauwaerts

SCA Vervoort & co, Bijzondere gevolmachtigde

Notary: Karen Hauwaerts · Huldenberg

Original publication ↗

Technical details

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  "events": [
    {
      "kind": "decharge_pending",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "CIOFI Massimiliano",
        "address": "3360 Bierbeek, Builoogstraat 42",
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      },
      "reason": null,
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      "evidence_quote": "",
      "decharge_status": "pending_next_agm",
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    },
    {
      "kind": "decharge_granted",
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      "person": {
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        "name": "CIOFI Massimiliano",
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      },
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    },
    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "bijzondere_gevolmachtigde",
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": null,
        "name": "SCA Vervoort \u0026 co",
        "address": "2440 Geel, Kollegestraat 66",
        "country": "BE",
        "legal_form": null
      },
      "statutory": null,
      "compensated": null,
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      "evidence_quote": "",
      "decharge_status": null,
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      "rep_rotation_new_rep": null,
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    }
  ],
  "notary": {
    "name": "Karen Hauwaerts",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Huldenberg",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-12-28",
    "filing_date": "2023-12-23",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-12-21",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0807.499.660",
    "name_full": "ZOFF by Max",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Karen Hauwaerts",
    "org_rep_person_name": null,
    "person_role_at_subject": "notaris"
  },
  "co_filed_documents": [
    "uitgifte van de wijzigingsakte",
    "statuten van de vennootschap"
  ],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Full-service restaurants56101Limited-service restaurants56102Full-service restaurants56111Limited-service restaurants, excluding mobile food services56112Non-specialised retail sale with food, beverages or tobacco predominating47110Retail trade47112Retail sale of beverages, general range47252Event catering56210

Names & trade names

Legal nameNL

ZOFF by Max

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