Summary
M-A-X 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 €1,000 and a net result of €29,240. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 8102 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
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.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 8102 sector peers (2025).
NBB · sector comparisonPosition among 8102 sector peers
Solvency
better than 10%
← weakest
strongest →
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 25-03-2026, 128 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
128 d early
2024
55 d early
2023
40 d early
2022
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 69 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 7 June (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1,000▼ 94.5%
2024 · €18,201
Net result
€29,240
2024 · -€287
Total assets
€52,837▼ 4.8%
2024 · €55,519
Solvency
1.9%▼ 30.9pp
2024 · 32.8%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€7,124-€18,583▲ 161%€5,171▼ 72.2%€42,574▲ 723%
Net result€5,538within the sector's middle half-€11,951within the sector's middle half▲ 116%-€287below the sector's middle half€29,240within the sector's middle half
Equity€6,538below the sector's middle half-€18,489below the sector's middle half▲ 183%€18,201below the sector's middle half▼ 1.6%€1,000below the sector's middle half▼ 94.5%
Total assets€26,235below the sector's middle half-€48,443below the sector's middle half▲ 84.7%€55,519below the sector's middle half▲ 14.6%€52,837below the sector's middle half▼ 4.8%
Debt€19,697-€29,955▲ 52.1%€37,318▲ 24.6%€51,837▲ 38.9%
Working capital€7,494within the sector's middle half-€19,389within the sector's middle half▲ 159%€16,952within the sector's middle half▼ 12.6%€40within the sector's middle half▼ 99.8%
Solvency24.9%within the sector's middle half-38.2%within the sector's middle half▲ 13.2pp32.8%within the sector's middle half▼ 5.4pp1.9%below the sector's middle half▼ 30.9pp
Current ratio1.40within the sector's middle half-1.67within the sector's middle half▲ 0.271.47within the sector's middle half▼ 0.201.00within the sector's middle half▼ 0.46
Return on assets (ROA)21.1%within the sector's middle half-24.7%within the sector's middle half▲ 3.6pp-0.5%below the sector's middle half▼ 25.2pp55.3%above the sector's middle half▲ 55.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
The operating result recovers in 2025; 2025 is 723% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52,837
Fixed assets
€1,707 ▼ 20.5%
Current assets
€51,130 ▼ 4.2%
Equity and liabilities €52,837
Equity
€1,000 ▼ 94.5%
Debt
€51,837 ▲ 38.9%
Debt's share of the balance-sheet total rises from 67.2% to 98.1%. Equity is lower and debt is higher.
Key figures and ratios
Debt ≤ 1 year
€51,090▲
2024 · €36,420
Income taxes
€10,149▲
2024 · €2,465
A ratio outside any meaningful range has been withheld (balance sheet total €52,837, equity €1,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €628 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €53 | €440 | ▲ 730% |
| Other operating charges640/8 | €440 | €3,131 | €2,224 | €1,626 | ▼ 26.9% |
| Gross operating margin9900 | €7,564 | €21,714 | €7,448 | €44,640 | ▲ 499% |
| Operating profit (loss)9901 | €7,124 | €18,583 | €5,171 | €42,574 | ▲ 723% |
| Financial income75/76B | - | €110 | €418 | €98 | ▼ 76.4% |
| Recurring financial income75 | - | €110 | €418 | €98 | ▼ 76.4% |
| Financial charges65/66B | €86 | €358 | €3,411 | €3,284 | ▼ 3.7% |
| Recurring financial charges65 | €86 | €358 | €3,411 | €3,284 | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | €7,038 | €18,335 | €2,178 | €39,389 | ▲ 1,708% |
| Income taxes67/77 | €1,500 | €6,384 | €2,465 | €10,149 | ▲ 312% |
| Profit (loss) for the period9904 | €5,538 | €11,951 | -€287 | €29,240 | ▲ 10,274% |
| Profit (loss) for the period to be appropriated9905 | €5,538 | €11,951 | -€287 | €29,240 | ▲ 10,274% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €26,235 | €48,443 | €55,519 | €52,837 | ▼ 4.8% |
| Fixed assets21/28 | - | - | €2,147 | €1,707 | ▼ 20.5% |
| Tangible fixed assets22/27 | - | - | €2,147 | €1,707 | ▼ 20.5% |
| Furniture and vehicles24 | - | - | €2,147 | €1,707 | ▼ 20.5% |
| Current assets29/58 | €26,235 | €48,443 | €53,372 | €51,130 | ▼ 4.2% |
| Amounts receivable within one year40/41 | €18,880 | €23,438 | €36,482 | €40,343 | ▲ 10.6% |
| Trade receivables40 | €18,880 | €19,442 | €16,418 | €38,375 | ▲ 134% |
| Other amounts receivable41 | - | €3,996 | €20,064 | €1,968 | ▼ 90.2% |
| Cash at bank and in hand54/58 | €7,355 | €21,963 | €15,476 | €6,294 | ▼ 59.3% |
| Deferred charges and accrued income490/1 | - | €3,043 | €1,415 | €4,493 | ▲ 218% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €26,235 | €48,443 | €55,519 | €52,837 | ▼ 4.8% |
| Equity10/15 | €6,538 | €18,489 | €18,201 | €1,000 | ▼ 94.5% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €5,538 | €17,489 | €17,201 | €0 | ▼ 100% |
| Amounts payable17/49 | €19,697 | €29,955 | €37,318 | €51,837 | ▲ 38.9% |
| Amounts payable within one year42/48 | €18,741 | €29,055 | €36,420 | €51,090 | ▲ 40.3% |
| Financial debts43 | - | - | - | €3,333 | - |
| Credit institutions430/8 | - | - | - | €3,333 | - |
| Trade debts44 | €3,963 | €12,805 | €13,043 | €14,892 | ▲ 14.2% |
| Suppliers440/4 | €3,963 | €12,805 | €13,043 | €14,892 | ▲ 14.2% |
| Taxes, remuneration and social security45 | €10,413 | €16,090 | €15,820 | €8,292 | ▼ 47.6% |
| Taxes450/3 | €7,938 | €16,090 | €15,820 | €8,292 | ▼ 47.6% |
| Remuneration and social security454/9 | €2,475 | €0 | - | - | - |
| Other amounts payable47/48 | €4,365 | €160 | €7,558 | €24,572 | ▲ 225% |
| Accrued charges and deferred income492/3 | €956 | €900 | €898 | €747 | ▼ 16.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,538 | €11,951 | -€287 | €29,240 | ▲ 10,274% |
| + Depreciation and write-downs630 | - | - | €53 | €440 | ▲ 730% |
| Operating cash flow (approximation) | €5,538 | €11,951 | -€234 | €29,680 | ▲ 12,764% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - |
| Change in cash | - | €14,607 | -€6,487 | -€9,182 | ▼ 41.5% |
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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €29,240
Net result €29,240 after one loss-making year.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€287
Net result drops to -€287, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bilzen-Hoeselt · 1 establishment unit since 2022
Ground area
2,817 m²
Building footprint
176 m²
Volume, LiDAR
811 m³
Parcel 73032E0920/00D000, Flanders · tallest building 10.5 m, ±1 floor. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
M-A-X
since 20222.338.391.272
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73032E0920/00D000 | Flanders | 2,817 m² | 1 · 176 m² | 10.5 m · 1 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.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,805. 1,005 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
Founded10-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0793511765
Also
9925:BE0793511765
Registered
26-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.