IMMO MAXCY
ActiveSummary
IMMO MAXCY has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109,001 and a net result of -€13,141. Equity is growing by ~10.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-49
Solvency57=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.86 in 2024; short-term debt: 23.4% and cash: 15.5% of total assets), and 67.9% 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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
32.1%
Return on assets
-3.9%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
27 d early
2023
36 d early
2022
14 d early
2021
6 d early
2020
1 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 17 July (4 of the last 5 filed years within 30 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 2025, micro schema
Equity
€109,001▼ 10.8%
2024 · €122,142
Total assets
€339,116▼ 10.2%
2024 · €377,695
Net result
-€13,141
2024 · €1,056
Working capital
-€26,515▼ 106%
2024 · -€12,865
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,385€47,255▲ 172%€29,704▼ 37.1%€3,869▼ 87.0%-€10,837
Net result€7,691€30,949▲ 302%€26,462▼ 14.5%€1,056▼ 96.0%-€13,141
Equity€63,674▲ 13.7%€94,623▲ 48.6%€121,086▲ 28.0%€122,142▲ 0.9%€109,001▼ 10.8%
Total assets€514,892▼ 3.9%€464,387▼ 9.8%€401,917▼ 13.5%€377,695▼ 6.0%€339,116▼ 10.2%
Debt€451,217▼ 5.9%€369,764▼ 18.1%€280,832▼ 24.1%€255,553▼ 9.0%€230,115▼ 10.0%
Working capital-€136,948▲ 0.2%-€170,876▼ 24.8%-€6,131▲ 96.4%-€12,865▼ 110%-€26,515▼ 106%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10,837 after €3,869 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €339,116
Fixed assets
€286,436 ▼ 4.1%
Current assets
€52,680 ▼ 33.2%
Equity and liabilities €339,116
Equity
€109,001 ▼ 10.8%
Debt
€230,115 ▼ 10.0%
Debt's share of the balance-sheet total rises from 67.7% to 67.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,556▼
2024 · €17,748
Cash flow
-€748▼
2024 · €14,936
Current ratio
0.67▼
2024 · 0.86
Debt to equity
2.11▲
2024 · 2.09
ROE
-12.1%▼
2024 · 0.9%
ROA
-3.9%▼
2024 · 0.3%
Interest coverage
0.67▼
2024 · 6.31
Debt ≤ 1 year
€79,194▼
2024 · €91,731
Debt > 1 year
€147,668▼
2024 · €162,081
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
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 6,910 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €60,699 | €22,117 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,690 | €17,683 | €15,246 | €13,879 | €12,393 | ▼ 10.7% |
| Other operating charges640/8 | €3,357 | €21,988 | €4,117 | €3,921 | €4,044 | ▲ 3.1% |
| Gross operating margin9900 | €44,433 | €86,926 | €49,068 | €21,669 | €5,601 | ▼ 74.2% |
| Operating profit (loss)9901 | €17,385 | €47,255 | €29,704 | €3,869 | -€10,837 | ▼ 380% |
| Financial income75/76B | - | - | €0 | - | €1 | - |
| Recurring financial income75 | - | - | €0 | - | €1 | - |
| Financial charges65/66B | €9,694 | €16,306 | €3,242 | €2,812 | €2,306 | ▼ 18.0% |
| Recurring financial charges65 | €9,694 | €16,306 | €3,242 | €2,812 | €2,306 | ▼ 18.0% |
| Profit (loss) for the period before taxes9903 | €7,691 | €30,949 | €26,462 | €1,056 | -€13,141 | ▼ 1,344% |
| Profit (loss) for the period9904 | €7,691 | €30,949 | €26,462 | €1,056 | -€13,141 | ▼ 1,344% |
| Profit (loss) for the period to be appropriated9905 | €7,691 | €30,949 | €26,462 | €1,056 | -€13,141 | ▼ 1,344% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €514,892 | €464,387 | €401,917 | €377,695 | €339,116 | ▼ 10.2% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €511,717 | €454,734 | €303,895 | €298,829 | €286,436 | ▼ 4.1% |
| Tangible fixed assets22/27 | €511,717 | €454,734 | €303,895 | €298,829 | €286,436 | ▼ 4.1% |
| Land and buildings22 | €511,697 | €454,734 | €303,895 | €298,829 | €286,436 | ▼ 4.1% |
| Furniture and vehicles24 | €21 | - | - | €0 | €0 | - |
| Current assets29/58 | €3,174 | €9,653 | €98,022 | €78,866 | €52,680 | ▼ 33.2% |
| Cash at bank and in hand54/58 | €1,725 | €8,729 | €97,688 | €78,510 | €52,396 | ▼ 33.3% |
| Deferred charges and accrued income490/1 | €1,449 | €924 | €334 | €356 | €284 | ▼ 20.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €514,892 | €464,387 | €401,917 | €377,695 | €339,116 | ▼ 10.2% |
| Equity10/15 | €63,674 | €94,623 | €121,086 | €122,142 | €109,001 | ▼ 10.8% |
| Contributions10/11 | €244,915 | €244,915 | €244,915 | €244,915 | €244,915 | = |
| Profit (loss) carried forward14 | -€181,241 | -€150,292 | -€123,829 | -€122,773 | -€135,914 | ▼ 10.7% |
| Amounts payable17/49 | €451,217 | €369,764 | €280,832 | €255,553 | €230,115 | ▼ 10.0% |
| Amounts payable after more than one year17 | €311,095 | €189,234 | €175,929 | €162,081 | €147,668 | ▼ 8.9% |
| Financial debts170/4 | €311,095 | €189,234 | €175,929 | €162,081 | €147,668 | ▼ 8.9% |
| Amounts payable within one year42/48 | €140,122 | €180,529 | €104,153 | €91,731 | €79,194 | ▼ 13.7% |
| Current portion of amounts payable after more than one year42 | €28,560 | €12,784 | €13,305 | €13,848 | €14,413 | ▲ 4.1% |
| Trade debts44 | €8,771 | €8,681 | €8,728 | €8,690 | €8,690 | = |
| Suppliers440/4 | €8,771 | €8,681 | €8,728 | €8,690 | €8,690 | = |
| Advances received on contracts in progress46 | €1,500 | €1,500 | - | - | - | - |
| Other amounts payable47/48 | €101,292 | €157,564 | €82,120 | €69,193 | €56,091 | ▼ 18.9% |
| Accrued charges and deferred income492/3 | - | - | €750 | €1,741 | €3,253 | ▲ 86.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,691 | €30,949 | €26,462 | €1,056 | -€13,141 | ▼ 1,344% |
| + Depreciation and write-downs630 | €23,690 | €17,683 | €15,246 | €13,879 | €12,393 | ▼ 10.7% |
| Operating cash flow (approximation) | €31,381 | €48,632 | €41,708 | €14,936 | -€748 | ▼ 105% |
| Investment in fixed assets (approximation) | - | €39,301 | €135,592 | -€8,813 | €0 | ▲ 100% |
| Change in cash | - | €7,004 | €88,959 | -€19,178 | -€26,115 | ▼ 36.2% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100,000Eq €121,086 ▲28%
3 profitable years in a row build equity to €121,086.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €30,949 ▲302%
Operating result €47,255, net result €30,949, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7,691
Net result €7,691 after 3 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Tienen · 1 establishment unit since 2013
Ground area
217 m²
Building footprint
205 m²
Volume, LiDAR
2,294 m³
Parcel 24593G0678/00C000, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Immo Maxcy
since 20132.219.181.143
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24593G0678/00C000 | Flanders | 217 m² | 1 · 205 m² | 16.0 m · 4 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPrivate limited company
Founded25-02-2013
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0518986424
Also
9925:BE0518986424
Registered
13-12-2025
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.