BATI MAX
ActiveSummary
BATI MAX has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €970,328 and a net result of €667,255. Equity is growing by ~35.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency70▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.6 in 2023; short-term debt: 54.4% and cash: 86% of total assets), but 55.2% of the assets are financed with debt.
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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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
44.8%
Return on assets
30.8%
Age of the figures
21 mo
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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
42 d early
2023
9 d late
2022
16 d late
2021
60 d late
2020
31 d late
2019
55 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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. Usually files around 10 August (4 of the last 5 filed years within 52 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
In the rankings
#9 company by equity in Fleurus, Construction sector
Equity
€970,328▲ 47.9%
2023 · €656,014
Total assets
€2.2m▲ 23.9%
2023 · €1.7m
Net result
€667,255▲ 13.2%
2023 · €589,335
Working capital
€982,113▲ 51.2%
2023 · €649,369
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€223,263▲ 40.0%€162,844▼ 27.1%€585,971▲ 260%€809,155▲ 38.1%€925,171▲ 14.3%
Net result€153,869above the sector's middle half▲ 19.7%€171,899above the sector's middle half▲ 11.7%€420,968above the sector's middle half▲ 145%€589,335above the sector's middle half▲ 40.0%€667,255above the sector's middle half▲ 13.2%
Equity€445,868above the sector's middle half▲ 52.7%€145,711above the sector's middle half▼ 67.3%€366,679above the sector's middle half▲ 152%€656,014above the sector's middle half▲ 78.9%€970,328above the sector's middle half▲ 47.9%
Total assets€1.1mabove the sector's middle half▲ 69.2%€883,537above the sector's middle half▼ 21.4%€1.4mabove the sector's middle half▲ 57.0%€1.7mabove the sector's middle half▲ 25.9%€2.2mabove the sector's middle half▲ 23.9%
Debt€677,941▲ 82.2%€737,826▲ 8.8%€1.0m▲ 38.3%€1.1m▲ 6.9%€1.2m▲ 9.4%
Working capital€408,730above the sector's middle half▲ 54.1%€130,857above the sector's middle half▼ 68.0%€355,509above the sector's middle half▲ 172%€649,369above the sector's middle half▲ 82.7%€982,113above the sector's middle half▲ 51.2%
Solvency39.7%within the sector's middle half▼ 4.3pp16.5%within the sector's middle half▼ 23.2pp26.4%within the sector's middle half▲ 9.9pp37.6%within the sector's middle half▲ 11.1pp44.8%within the sector's middle half▲ 7.3pp
Current ratio1.83within the sector's middle half▼ 0.641.18within the sector's middle half▼ 0.651.35within the sector's middle half▲ 0.171.60within the sector's middle half▲ 0.251.83within the sector's middle half▲ 0.24
Return on assets (ROA)13.7%within the sector's middle half▼ 5.7pp19.5%above the sector's middle half▲ 5.8pp30.3%above the sector's middle half▲ 10.9pp33.7%above the sector's middle half▲ 3.4pp30.8%above the sector's middle half▼ 2.9pp
Staff (FTE)5.96.7▲ 13.6%7.6▲ 13.4%8.8▲ 15.8%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 14% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.2m
Fixed assets
€4,709 ▼ 29.1%
Current assets
€2.2m ▲ 24.1%
Equity and liabilities €2.2m
Equity
€970,328 ▲ 47.9%
Debt
€1.2m ▲ 9.4%
Debt's share of the balance-sheet total falls from 62.4% to 55.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€928,343▲
2023 · €815,902
Cash flow
€670,427▲
2023 · €596,082
Debt to equity
1.23▼
2023 · 1.66
ROE
68.8%▼
2023 · 89.8%
Interest coverage
161.11▼
2023 · 599.93
Debt ≤ 1 year
€1.2m▲
2023 · €1.1m
Income taxes
€249,470▲
2023 · €214,822
Staff costs
€270,396▲
2023 · €264,797
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €210,065 | €246,073 | €264,797 | €270,396 | ▲ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,511 | €10,660 | €10,660 | €6,747 | €3,172 | ▼ 53.0% |
| Other operating charges640/8 | - | €1,335 | €1,277 | €1,465 | €1,319 | ▼ 10.0% |
| Non-recurring operating charges66A | - | - | €3,720 | - | - | - |
| Gross operating margin9900 | €419,401 | €384,904 | €847,701 | €1.1m | €1.2m | ▲ 10.9% |
| Operating profit (loss)9901 | €223,263 | €162,844 | €585,971 | €809,155 | €925,171 | ▲ 14.3% |
| Financial income75/76B | - | €83,961 | €2,768 | €56 | €73 | ▲ 30.4% |
| Recurring financial income75 | €139 | €83,961 | €2,768 | €56 | €73 | ▲ 30.4% |
| Financial charges65/66B | - | €9,142 | €14,143 | €5,054 | €8,519 | ▲ 68.6% |
| Recurring financial charges65 | €15,320 | €7,824 | €10,981 | €1,360 | €5,762 | ▲ 324% |
| Non-recurring financial charges66B | - | €1,318 | €3,162 | €3,694 | €2,757 | ▼ 25.4% |
| Profit (loss) for the period before taxes9903 | €206,560 | €237,663 | €574,596 | €804,157 | €916,725 | ▲ 14.0% |
| Income taxes67/77 | €52,691 | €65,764 | €153,628 | €214,822 | €249,470 | ▲ 16.1% |
| Profit (loss) for the period9904 | €153,869 | €171,899 | €420,968 | €589,335 | €667,255 | ▲ 13.2% |
| Profit (loss) for the period to be appropriated9905 | €153,869 | €171,899 | €420,968 | €589,335 | €667,255 | ▲ 13.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €883,537 | €1.4m | €1.7m | €2.2m | ▲ 23.9% |
| Fixed assets21/28 | €225,251 | €23,552 | €13,392 | €6,645 | €4,709 | ▼ 29.1% |
| Tangible fixed assets22/27 | €219,251 | €22,552 | €11,892 | €5,145 | €3,209 | ▼ 37.6% |
| Furniture and vehicles24 | - | €22,552 | €11,892 | €5,145 | €3,209 | ▼ 37.6% |
| Financial fixed assets28 | €6,000 | €1,000 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €898,558 | €859,985 | €1.4m | €1.7m | €2.2m | ▲ 24.1% |
| Stocks and contracts in progress3 | €117,055 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €352,300 | €17,133 | €166,788 | €164,367 | €290,038 | ▲ 76.5% |
| Trade receivables40 | - | €13,284 | €60,781 | €78,146 | €237,697 | ▲ 204% |
| Other amounts receivable41 | - | €3,849 | €106,007 | €86,221 | €52,341 | ▼ 39.3% |
| Cash at bank and in hand54/58 | €418,672 | €839,818 | €1.2m | €1.6m | €1.9m | ▲ 18.8% |
| Deferred charges and accrued income490/1 | - | €3,034 | €9,343 | €9,624 | €8,545 | ▼ 11.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €883,537 | €1.4m | €1.7m | €2.2m | ▲ 23.9% |
| Equity10/15 | €445,868 | €145,711 | €366,679 | €656,014 | €970,328 | ▲ 47.9% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €427,268 | €135,711 | €356,679 | €646,014 | €960,328 | ▲ 48.7% |
| Non-distributable reserves130/1 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves not available under the articles1311 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Distributable reserves133 | - | €134,711 | €355,679 | €645,014 | €959,328 | ▲ 48.7% |
| Amounts payable17/49 | €677,941 | €737,826 | €1.0m | €1.1m | €1.2m | ▲ 9.4% |
| Amounts payable after more than one year17 | €188,113 | €8,698 | €2,222 | - | - | - |
| Financial debts170/4 | - | €8,698 | €2,222 | - | - | - |
| Amounts payable within one year42/48 | €489,828 | €729,128 | €1.0m | €1.1m | €1.2m | ▲ 7.9% |
| Current portion of amounts payable after more than one year42 | - | €7,731 | €6,476 | €2,222 | - | - |
| Trade debts44 | €316,671 | €150,850 | €428,606 | €377,093 | €371,688 | ▼ 1.4% |
| Suppliers440/4 | - | €150,850 | €428,606 | €377,093 | €371,688 | ▼ 1.4% |
| Taxes, remuneration and social security45 | - | €132,607 | €196,316 | €352,902 | €447,513 | ▲ 26.8% |
| Taxes450/3 | - | €128,663 | €193,422 | €347,265 | €443,298 | ▲ 27.7% |
| Remuneration and social security454/9 | - | €3,944 | €2,894 | €5,637 | €4,215 | ▼ 25.2% |
| Other amounts payable47/48 | - | €437,940 | €386,978 | €358,682 | €358,158 | ▼ 0.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €16,494 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €153,869 | €171,899 | €420,968 | €589,335 | €667,255 | ▲ 13.2% |
| + Depreciation and write-downs630 | €17,511 | €10,660 | €10,660 | €6,747 | €3,172 | ▼ 53.0% |
| Operating cash flow (approximation) | €171,380 | €182,559 | €431,628 | €596,082 | €670,427 | ▲ 12.5% |
| Investment in fixed assets (approximation) | - | €191,039 | -€500 | €0 | -€1,236 | - |
| Change in cash | - | €421,146 | €357,936 | €368,523 | €294,612 | ▼ 20.1% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €667,255 ▲13.2%
Operating result €925,171, net result €667,255, both a record.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Equity above €500,000Eq €656,014 ▲78.9%
6 profitable years in a row build equity to €656,014.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Equity above €200,000Eq €366,679 ▲152%
5 profitable years in a row build equity to €366,679.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
31-12
Financial
Equity above €200,000Eq €291,999 ▲78.6%
2 profitable years in a row build equity to €291,999.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Fleurus · 1 establishment unit since 2016
Ground area
1.1 ha
Building footprint
3,865 m²
Volume, LiDAR
516 m³
2 parcels, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BATI MAX
since 20162.249.665.075
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332B0497/00S000 | Wallonia | 1.1 ha | 1 · 3,803 m² | - |
| 52010A0823/00S006 | Wallonia | 130 m² | 1 · 62 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 6,537 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
Founded19-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0646765712
Also
9925:BE0646765712
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.