From the official registers: KBO 16 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
BMAX-IT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.2m and a net result of €37,826. Equity remains stable across the filed financial years (±1% per year). Its solvency ranks better than 50% of 9,743 sector peers (NACE 64, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 01-07-2008 Normal situation
- Legal form
- Private limited company
- Registered office
- Klissestraatje 7, 9910 Aalter
- Activity
- Activities of holding companies NACE 64210and 2 others
- Establishment unit
- 2.172.484.551 9910 Aalter, since 21-08-2008
- Financial year end
- 31 March
- Peppol
- Reachable since 10-06-2025
Who decides
Board
- GELAUDE FilipDirector
- Holdings
- Shares in 2 companies TELECOM INTEGRATED TECHNOLOGIES and MULTICAP
How it is doing
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts to 31-03-2025
- Profit
- €37,826
- ▼ 37.7%
- Equity
- €2.2m
- ▼ 4.5%
- Total assets
- €4.3m
- ▼ 2.0%
2026 accounts not filed, 1 day past the deadline
Filed on 30-10-2025PDF
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
1 day early
2024
on the day
2023
on the day
2022
on the day
2021
2 days late
2020
2 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 1 day after the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (1)
Financials · financial year 2025, micro format
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-03-2025
- Filed on
- 30-10-2025
- Format
- micro format
- Reference
- 2025-00554080
Equity
€2.2m▼ 4.5%
2024 · €2.3m
Net result
€37,826▼ 37.7%
2024 · €60,730
Total assets
€4.3m▼ 2.0%
2024 · €4.4m
Solvency
51.5%▼ 1.4pp
2024 · 52.8%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.2m
2025
Net result€0.04m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.3m
2025
Equity€2.2m
2025
Debt€2.1m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.3m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency51.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.27
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.1m-€0.2m▲ 61.9%€0.2m▲ 1.8%€0.1m▼ 32.1%€0.2m▲ 43.7%€0.2m▲ 13.0%€0.2m▲ 0.3%
Net result€0.2m-€0.2mabove the sector's middle half▲ 23.2%€0.2mabove the sector's middle half▲ 10.0%€0.03mwithin the sector's middle half▼ 86.9%€0.05mwithin the sector's middle half▲ 77.3%€0.06mwithin the sector's middle half▲ 24.7%€0.04mwithin the sector's middle half▼ 37.7%
Equity€1.9m-€2.1mabove the sector's middle half▲ 9.1%€2.3mabove the sector's middle half▲ 9.7%€2.3mabove the sector's middle half▲ 0.2%€2.3mabove the sector's middle half▼ 0.2%€2.3mabove the sector's middle half▲ 0.7%€2.2mabove the sector's middle half▼ 4.5%
Total assets€4.7m-€4.7mabove the sector's middle half▼ 0.4%€4.8mabove the sector's middle half▲ 2.4%€4.7mabove the sector's middle half▼ 2.0%€4.4mabove the sector's middle half▼ 5.9%€4.4mabove the sector's middle half▼ 0.5%€4.3mabove the sector's middle half▼ 2.0%
Debt€2.7m-€2.6m▼ 4.7%€2.5m▼ 3.6%€2.4m▼ 4.0%€2.1m▼ 11.5%€2.1m▼ 1.7%€2.1m▲ 0.9%
Working capital€0.4m-€0.4mabove the sector's middle half▲ 4.7%€0.5mabove the sector's middle half▲ 24.1%€0.3mabove the sector's middle half▼ 43.9%-€0.005mwithin the sector's middle half-€0.07mbelow the sector's middle half▼ 1,348%-€0.3mbelow the sector's middle half▼ 266%
Solvency41.1%-45.0%within the sector's middle half▲ 3.9pp48.2%within the sector's middle half▲ 3.2pp49.2%within the sector's middle half▲ 1.1pp52.2%within the sector's middle half▲ 3.0pp52.8%within the sector's middle half▲ 0.6pp51.5%within the sector's middle half▼ 1.4pp
Current ratio3.34-3.89above the sector's middle half▲ 0.554.49above the sector's middle half▲ 0.592.99within the sector's middle half▼ 1.500.97within the sector's middle half▼ 2.020.70below the sector's middle half▼ 0.270.27below the sector's middle half▼ 0.44
Return on assets (ROA)3.3%-4.1%within the sector's middle half▲ 0.8pp4.4%within the sector's middle half▲ 0.3pp0.6%below the sector's middle half▼ 3.8pp1.1%below the sector's middle half▲ 0.5pp1.4%within the sector's middle half▲ 0.3pp0.9%below the sector's middle half▼ 0.5pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.3m
Fixed assets
€4.2m ▼ 0.3%
Current assets
€93,834 ▼ 43.8%
Equity and liabilities €4.3m
Equity
€2.2m ▼ 4.5%
Debt
€2.1m ▲ 0.9%
Debt's share of the balance-sheet total rises from 47.2% to 48.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
1.7%▼
2024 · 2.6%
Debt ≤ 1 year
€352,181▲
2024 · €237,589
Debt > 1 year
€1.7m▼
2024 · €1.8m
Income taxes
€16,144▼
2024 · €25,410
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,613 | €9,798 | €2,721 | €3,240 | €7,248 | €14,344 | €12,734 | ▼ 11.2% |
| Other operating charges640/8 | - | - | - | €1,981 | €4,838 | €2,264 | €2,472 | ▲ 9.2% |
| Gross operating margin9900 | €59,322 | €115,517 | €176,998 | €122,338 | €180,357 | €206,698 | €205,803 | ▼ 0.4% |
| Operating profit (loss)9901 | €104,631 | €169,381 | €172,441 | €117,117 | €168,271 | €190,091 | €190,598 | ▲ 0.3% |
| Financial income75/76B | - | - | - | €3,669 | €5,152 | - | €1 | - |
| Recurring financial income75 | €148,308 | €134,861 | €147,790 | €3,669 | €5,152 | - | €1 | - |
| Financial charges65/66B | - | - | - | €81,752 | €98,310 | €103,951 | €136,629 | ▲ 31.4% |
| Recurring financial charges65 | €90,313 | €85,915 | €83,302 | €81,752 | €98,310 | €103,951 | €136,629 | ▲ 31.4% |
| Profit (loss) for the period before taxes9903 | €162,626 | €218,326 | €236,930 | €39,033 | €75,113 | €86,140 | €53,970 | ▼ 37.3% |
| Income taxes67/77 | €7,974 | €27,774 | €27,339 | €11,569 | €26,421 | €25,410 | €16,144 | ▼ 36.5% |
| Profit (loss) for the period9904 | €154,652 | €190,552 | €209,591 | €27,464 | €48,692 | €60,730 | €37,826 | ▼ 37.7% |
| Profit (loss) for the period to be appropriated9905 | €154,652 | €190,552 | €209,591 | €27,464 | €48,692 | €60,730 | €37,826 | ▼ 37.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.7m | €4.7m | €4.8m | €4.7m | €4.4m | €4.4m | €4.3m | ▼ 2.0% |
| Fixed assets21/28 | €4.1m | €4.1m | €4.1m | €4.2m | €4.2m | €4.2m | €4.2m | ▼ 0.3% |
| Tangible fixed assets22/27 | €0.01m | €0.006m | €0.006m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 8.3% |
| Land and buildings22 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 3.2% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €0.003m | €0.003m | €0.002m | ▼ 19.8% |
| Furniture and vehicles24 | - | - | - | €0.001m | €0.02m | €0.008m | €172 | ▼ 97.7% |
| Other tangible fixed assets26 | - | - | - | €0.002m | €0.001m | €0.001m | €0.001m | ▼ 25.0% |
| Financial fixed assets28 | €4.1m | €4.1m | €4.1m | €4.1m | €4.1m | €4.1m | €4.1m | = |
| Current assets29/58 | €0.6m | €0.6m | €0.7m | €0.5m | €0.2m | €0.2m | €0.09m | ▼ 43.8% |
| Amounts receivable within one year40/41 | €0.05m | €0.07m | €0.05m | €0.1m | €0.1m | €0.07m | €0.07m | ▲ 11.2% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.07m | €0.07m | ▲ 11.2% |
| Current investments50/53 | €0.3m | €0.3m | €0.3m | €0.3m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.3m | €0.3m | €0.4m | €0.09m | €0.03m | €0.1m | €0.02m | ▼ 83.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | ▲ 13.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.7m | €4.7m | €4.8m | €4.7m | €4.4m | €4.4m | €4.3m | ▼ 2.0% |
| Equity10/15 | €1.9m | €2.1m | €2.3m | €2.3m | €2.3m | €2.3m | €2.2m | ▼ 4.5% |
| Contributions10/11 | €1.5m | - | - | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Reserves13 | €0.4m | €0.6m | €0.8m | €0.8m | €0.8m | €0.8m | €0.7m | ▼ 13.0% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - |
| Distributable reserves133 | - | - | - | €0.8m | €0.8m | €0.8m | €0.7m | ▼ 13.0% |
| Profit (loss) carried forward14 | €171 | €446 | €437 | €302 | €394 | €458 | €0.001m | ▲ 23.5% |
| Provisions and deferred taxes16 | €0.07m | - | - | - | - | - | - | - |
| Amounts payable17/49 | €2.7m | €2.6m | €2.5m | €2.4m | €2.1m | €2.1m | €2.1m | ▲ 0.9% |
| Amounts payable after more than one year17 | €2.5m | €2.4m | €2.3m | €2.2m | €1.9m | €1.8m | €1.7m | ▼ 5.2% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 33.3% |
| Other amounts payable178/9 | - | - | - | €1.7m | €1.5m | €1.5m | €1.5m | = |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.4m | ▲ 48.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Trade debts44 | €0.007m | €0.002m | €0.002m | €0.002m | €0.008m | €0.002m | €0.001m | ▼ 55.3% |
| Suppliers440/4 | - | - | - | €0.002m | €0.008m | €0.002m | €0.001m | ▼ 55.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.04m | €0.06m | €0.03m | ▼ 53.4% |
| Taxes450/3 | - | - | - | €0.02m | €0.04m | €0.06m | €0.03m | ▼ 53.4% |
| Other amounts payable47/48 | - | - | - | €0.04m | €0.04m | €0.08m | €0.2m | ▲ 173% |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | €0.006m | €0.004m | €0.003m | ▼ 24.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €154,652 | €190,552 | €209,591 | €27,464 | €48,692 | €60,730 | €37,826 | ▼ 37.7% |
| + Depreciation and write-downs630 | €9,613 | €9,798 | €2,721 | €3,240 | €7,248 | €14,344 | €12,734 | ▼ 11.2% |
| Operating cash flow (approximation) | €164,265 | €200,350 | €212,312 | €30,704 | €55,940 | €75,074 | €50,559 | ▼ 32.7% |
| Investment in fixed assets (approximation) | - | -€1,074 | -€2,932 | -€151,511 | -€19,382 | -€495 | €0 | - |
| Change in cash | - | -€25,824 | €126,676 | -€295,355 | -€62,082 | €69,415 | -€81,190 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 30-10-2025 | 2025-00554080 | |
| 31-03-2024 | micro format | 31-10-2024 | 2024-00523795 | |
| 31-03-2023 | micro format | 31-10-2023 | 2023-00499318 | |
| 31-03-2022 | micro format | 31-10-2022 | 2022-20478328 | |
| 31-03-2021 | micro format | 02-11-2021 | 2021-75600499 | |
| 31-03-2020 | micro format | 02-11-2020 | 2020-68500148 | |
| 31-03-2019 | micro format | 10-10-2019 | 2019-70000057 | |
| 31-03-2018 | micro format | 27-09-2018 | 2018-66600210 | |
| 31-03-2017 | micro format | 30-10-2017 | 2017-68600436 | |
| 31-03-2016 | abbreviated format | 04-10-2016 | 2016-65100126 |
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Of the 24,455 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,128. 10,670 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2023
GELAUDE Filip
Current
Statutory director · appointed in the act of 20-12-2023 · in the 2025 annual accounts, filed on 30-10-2025
Mandate history
1 person, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| GELAUDE Filip |
|
How the board is organised
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Iedere bestuurder kan alle handelingen verrichten die nodig of dienstig zijn tot verwezenlijking van het voorwerp, behoudens die handelingen…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke of rechtspersonen, 1”
Articles of association, deed of 20-12-2023
Owners and capital
Capital and shareholders
Capital over the years
- 20-12-2023 Converted to unavailable equity · €1,509,000
- 20-12-2023 Converted to unavailable equity · €1,860
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Stemrecht, aandelen zonder stemrecht”2 more provisions in the deed, see the deed of 20-12-2023
Articles of association, deed of 20-12-2023 (in Dutch)
Group and network
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 31-03-2025
- Equity €3.4mResult €957,45640%
- Equity €645,553Result -€96,86033.33%
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
2025
30-10
financial year 2025 · micro format
2024
31-10
financial year 2024 · micro format
2023
20-12
Gazette deed
Appointment: GELAUDE Filip (statutory director)Legal-form conversion · Capital conversion · Reserve release9 facts ▸
Gazette deed
Appointment: GELAUDE Filip (statutory director)
Legal-form conversion · Capital conversion · Reserve release9 facts ▸
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch) (2 times)
- Reserve release, “beschikbaar maken voor toekomstige uitkeringen, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Capital
- Director appointment, GELAUDE Filip (statutory director) (2 times)
- Other provision, “geen bestuursverbod, niet getroffen door maatregel die zich tegen opdracht verzet” (deed in Dutch)
- General meeting, 0899.096.760, “BE 899.096.760” (deed in Dutch)
- Registered office clause, “9910 Knesselare,Klissestraatje 7” (deed in Dutch)
31-10
financial year 2023 · micro format
2022
31-10
financial year 2022 · micro format
27-07
Gazette deed
Registered officeRegistered-office move · Director in office3 facts ▸
Gazette deed
Registered office
Registered-office move · Director in office3 facts ▸
- Board meeting, 19-05-2022
- Registered-office move, 9910 Knesselare,Klissestraatje 7
- Director in office, Filip Gelaude (director)
31-03
Financial
Weakest financial yearnet €27,464 ▼86.9%
Net result drops to €27,464, the lowest in the series; recovery starts the following year.
2021
02-11
financial year 2021 · micro format · 2 days late
31-03
Financial
Highest result from 2019 to 2025net €209,591 ▲10%
Net result €209,591, the highest in the series.
2020
02-11
financial year 2020 · micro format · 2 days late
31-03
Financial
Equity above €2mequity €2.1m ▲9.1%
A profit in every financial year since 2019 builds equity to €2.1m.
2019
10-10
financial year 2019 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordName
BMAX-IT in Dutch
Enterprise number
0899.096.760
Legal form
Private limited company
Status
Active, normale toestand
Founded
01-07-2008
Type
Legal entity
Where it is based
Registered office
Klissestraatje 7, 9910 Aalter, Belgium
Establishments
1 establishment unit since 2008
What it does
NACEBEL 202564210
Activities of holding companies main activity
66199
Other activities auxiliary to financial services, excluding insurance and pension funding
70200
Business and other management consultancy
Invoicing and payment
VAT number
BE 0899.096.760
Financial year and general meeting
Accounts at the NBBFinancial year end
31-03
Scores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BMAX-IT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of September at 19:00
Articles of association, deed of 20-12-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
Registered office and establishments
1 establishment unit
BMAX-IT
since 2008unit no. 2.172.484.551
Buildings and parcels at the address
Ground area
1,426 m²
Building footprint
211 m²
Building volume
506 m³
Parcel 44029A0916/00L002, Flanders · tallest building 6.0 m.
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44029A0916/00L002 | Flanders | 1,426 m² | 1 · 211 m² | 6.0 m · 1 |