HENDRICK MAXIM
ActiveSummary
The computed 12-month bankruptcy probability of HENDRICK MAXIM is 2.5% (moderate). The 2024 annual accounts show equity of €108k and a net result of €7k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-15
Solvency61▲+5
Growth35=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.61 against 2.29 in 2023; short-term debt: 13.3% and cash: 10.2% of total assets), but 64.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
35.9%
Return on assets
2.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
12 d late
2022
39 d early
2021
47 d early
2020
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€202k▼ 38.2%
2021 · €327k
2020: €384khighest in 3 years
2021: €327k▼ -14.8% vs 2020
2022: €202k▼ -38.2% vs 2021lowest in 3 years
2020 → 2022
EBIT margin
-10.8%▼ 17.5pp
2021 · 6.7%
2020: 17.9%highest in 3 years
2021: 6.7%▼ -62.9% vs 2020
2022: -10.8%▼ -263% vs 2021lowest in 3 years
2020 → 2022
Net result
€7k▼ 85.8%
2023 · €47k
2020: €52khighest in 5 years
2021: €15k▼ -71.8% vs 2020
2022: €-26k▼ -276% vs 2021lowest in 5 years
2023: €47k▲ +282% vs 2022
2024: €7k▼ -85.8% vs 2023
2020 → 2024
Working capital
€64k▼ 6.7%
2023 · €69k
2020: €53k
2021: €63k▲ +18.7% vs 2020
2022: €29k▼ -54.0% vs 2021lowest in 5 years
2023: €69k▲ +139% vs 2022highest in 5 years
2024: €64k▼ -6.7% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€384k-€327k▼ 14.8%€202k▼ 38.2%
2020: €384khighest in 3 years
2021: €327k▼ -14.8% vs 2020
2022: €202k▼ -38.2% vs 2021lowest in 3 years
Equity€62k-€76k▲ 23.6%€51k▼ 33.6%€97k▲ 91.9%€108k▲ 10.6%
2020: €62k
2021: €76k▲ +23.6% vs 2020
2022: €51k▼ -33.6% vs 2021lowest in 5 years
2023: €97k▲ +91.9% vs 2022
2024: €108k▲ +10.6% vs 2023highest in 5 years
Operating result€69k-€22k▼ 68.4%€-22k€62k€13k▼ 78.4%
2020: €69khighest in 5 years
2021: €22k▼ -68.4% vs 2020
2022: €-22k▼ -201% vs 2021lowest in 5 years
2023: €62k▲ +381% vs 2022
2024: €13k▼ -78.4% vs 2023
Net result€52k-€15k▼ 71.8%€-26k€47k€7k▼ 85.8%
2020: €52khighest in 5 years
2021: €15k▼ -71.8% vs 2020
2022: €-26k▼ -276% vs 2021lowest in 5 years
2023: €47k▲ +282% vs 2022
2024: €7k▼ -85.8% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 78% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €300k
Fixed assets
€195k ▼ 0.4%
Current assets
€104k ▼ 14.7%
Equity and liabilities €300k
Equity
€108k ▲ 10.6%
Debt
€192k ▼ 13.1%
Debt's share of the balance-sheet total falls from 69.4% to 64.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29k▼
2023 · €75k
Cash flow
€23k▼
2023 · €60k
Current ratio
2.61▲
2023 · 2.29
Quick ratio
1.29▼
2023 · 1.64
Debt to equity
1.78▼
2023 · 2.27
ROE
6.1%▼
2023 · 47.9%
ROA
2.2%▼
2023 · 14.6%
Interest coverage
6.92▼
2023 · 13.94
Debt ≤ 1 year
€40k▼
2023 · €53k
Debt > 1 year
€152k▼
2023 · €167k
Income taxes
€3k▼
2023 · €12k
Staff costs
€116▼
2023 · €12k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€318k€300k▼
Fixed assets21/28€196k€195k▼
Tangible fixed assets22/27€196k€195k▼
Land and buildings22€161k€160k▼
Plant, machinery and equipment23€33k€27k▼
Furniture and vehicles24€1k€8k▲
Financial fixed assets28€175€175=
Current assets29/58€122k€104k▼
Stocks and contracts in progress3€35k€53k▲
Stocks30/36€35k€53k▲
Amounts receivable within one year40/41€30k€19k▼
Trade receivables40€26k€18k▼
Other amounts receivable41€4k€1k▼
Cash at bank and in hand54/58€55k€31k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€318k€300k▼
Equity10/15€97k€108k▲
Contributions10/11€10k€10k=
Reserves13€87k€98k▲
Distributable reserves133€87k€98k▲
Amounts payable17/49€221k€192k▼
Amounts payable after more than one year17€167k€152k▼
Financial debts170/4€167k€152k▼
Amounts payable within one year42/48€53k€40k▼
Financial debts43€14k€15k▲
Credit institutions430/8€14k€15k▲
Trade debts44€21k€7k▼
Suppliers440/4€21k€7k▼
Taxes, remuneration and social security45€14k€9k▼
Taxes450/3€12k€8k▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€4k€8k▲
Accrued charges and deferred income492/3€967-
Income statement
Code20232024
Remuneration, social security and pensions62€12k€116▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€16k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€90k€33k▼
Operating profit (loss)9901€62k€13k▼
Financial income75/76B€2k€890▼
Recurring financial income75€2k€890▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€59k€10k▼
Income taxes67/77€12k€3k▼
Profit (loss) for the period9904€47k€7k▼
Profit (loss) for the period to be appropriated9905€47k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€7k▼
Profit (loss) brought forward from the previous period14P€-26k-
Transfer to equity691/2€21k€7k▼
To the legal reserve6920€21k€7k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €384k | €327k | €202k | - | - | - |
| Non-recurring operating income76A | - | - | €860 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €246k | €204k | - | - | - |
| Remuneration, social security and pensions62 | - | €43k | €16k | €12k | €116 | ▼ 99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €4k | €7k | €13k | €16k | ▲ 22.6% |
| Other operating charges640/8 | - | €23k | €2k | €3k | €3k | ▲ 8.0% |
| Gross operating margin9900 | €107k | €92k | €3k | €90k | €33k | ▼ 63.7% |
| Operating profit (loss)9901 | €69k | €22k | €-22k | €62k | €13k | ▼ 78.4% |
| Financial income75/76B | - | €2k | €0 | €2k | €890 | ▼ 62.0% |
| Recurring financial income75 | €2k | €2k | €0 | €2k | €890 | ▼ 62.0% |
| Financial charges65/66B | - | €1k | €4k | €5k | €4k | ▼ 20.9% |
| Recurring financial charges65 | €191 | €1k | €4k | €5k | €4k | ▼ 20.9% |
| Profit (loss) for the period before taxes9903 | €71k | €22k | €-26k | €59k | €10k | ▼ 83.0% |
| Income taxes67/77 | €19k | €8k | - | €12k | €3k | ▼ 72.2% |
| Profit (loss) for the period9904 | €52k | €15k | €-26k | €47k | €7k | ▼ 85.8% |
| Profit (loss) for the period to be appropriated9905 | €52k | €15k | €-26k | €47k | €7k | ▼ 85.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119k | €359k | €274k | €318k | €300k | ▼ 5.9% |
| Fixed assets21/28 | €9k | €171k | €203k | €196k | €195k | ▼ 0.4% |
| Tangible fixed assets22/27 | €9k | €171k | €203k | €196k | €195k | ▼ 0.4% |
| Land and buildings22 | - | €165k | €162k | €161k | €160k | ▼ 0.9% |
| Plant, machinery and equipment23 | - | €2k | €37k | €33k | €27k | ▼ 18.3% |
| Furniture and vehicles24 | - | €5k | €4k | €1k | €8k | ▲ 486% |
| Financial fixed assets28 | €175 | €175 | €175 | €175 | €175 | = |
| Current assets29/58 | €110k | €188k | €72k | €122k | €104k | ▼ 14.7% |
| Stocks and contracts in progress3 | - | - | €22k | €35k | €53k | ▲ 51.8% |
| Stocks30/36 | - | - | €22k | €35k | €53k | ▲ 51.8% |
| Amounts receivable within one year40/41 | €58k | €84k | €25k | €30k | €19k | ▼ 36.9% |
| Trade receivables40 | - | €81k | €10k | €26k | €18k | ▼ 30.7% |
| Other amounts receivable41 | - | €3k | €16k | €4k | €1k | ▼ 74.1% |
| Cash at bank and in hand54/58 | €51k | €103k | €23k | €55k | €31k | ▼ 44.7% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €2k | €2k | ▲ 0.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119k | €359k | €274k | €318k | €300k | ▼ 5.9% |
| Equity10/15 | €62k | €76k | €51k | €97k | €108k | ▲ 10.6% |
| Contributions10/11 | - | €10k | €10k | €10k | €10k | = |
| Reserves13 | €52k | €66k | €66k | €87k | €98k | ▲ 11.8% |
| Distributable reserves133 | - | €66k | €66k | €87k | €98k | ▲ 11.8% |
| Profit (loss) carried forward14 | - | - | €-26k | - | - | - |
| Amounts payable17/49 | €57k | €283k | €224k | €221k | €192k | ▼ 13.1% |
| Amounts payable after more than one year17 | - | €158k | €181k | €167k | €152k | ▼ 8.8% |
| Financial debts170/4 | - | €158k | €181k | €167k | €152k | ▼ 8.8% |
| Amounts payable within one year42/48 | €57k | €125k | €43k | €53k | €40k | ▼ 25.2% |
| Financial debts43 | - | €7k | €14k | €14k | €15k | ▲ 3.1% |
| Credit institutions430/8 | - | €7k | €14k | €14k | €15k | ▲ 3.1% |
| Trade debts44 | €33k | €84k | €21k | €21k | €7k | ▼ 65.2% |
| Suppliers440/4 | - | €84k | €21k | €21k | €7k | ▼ 65.2% |
| Taxes, remuneration and social security45 | - | €29k | €7k | €14k | €9k | ▼ 32.4% |
| Taxes450/3 | - | €26k | €7k | €12k | €8k | ▼ 37.5% |
| Remuneration and social security454/9 | - | €2k | - | €2k | €2k | ▲ 0.9% |
| Other amounts payable47/48 | - | €6k | €499 | €4k | €8k | ▲ 108% |
| Accrued charges and deferred income492/3 | - | - | - | €967 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52k | €15k | €-26k | €47k | €7k | ▼ 85.8% |
| + Depreciation and write-downs630 | €2k | €4k | €7k | €13k | €16k | ▲ 22.6% |
| Operating cash flow (approximation) | €54k | €19k | €-19k | €60k | €23k | ▼ 62.1% |
| Investment in fixed assets (approximation) | - | €-167k | €-39k | €-6k | €-15k | ▼ 141% |
| Change in cash | - | €51k | €-80k | €32k | €-25k | ▼ 177% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €100kEq €108k ▲10.6%
2 profitable years in a row build equity to €108k.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Fernelmont · 1 establishment unit since 2019
Ground area
2,598 m²
Building footprint
141 m²
Parcel 92063B0277/00P000, Wallonia. Linked by address, not a title deed.
1 establishment unit
HENDRICK MAXIM SRL
since 20192.295.025.839
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92063B0277/00P000 | Wallonia | 2,598 m² | 1 · 141 m² | - |
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.
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,473. 3,064 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
Founded01-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.