M@XIVAN
ActiveSummary
The computed 12-month bankruptcy probability of M@XIVAN is 1.6% (moderate). The 2025 annual accounts show equity of €113,300 and a net result of €122,818. Equity is growing by ~24.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 483 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency51▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.96 in 2024; short-term debt: 60.8% and cash: 7% of total assets), and 73.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% 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 2025Solvency, return and age of the figures
Solvency
26.3%
Return on assets
28.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 14-01-2026, 17 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
17 d early
2024
28 d early
2023
28 d early
2022
48 d early
2021
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€113,300▲ 25.2%
2024 · €90,482
Total assets
€430,918▼ 3.2%
2024 · €444,944
Net result
€122,818▲ 0.5%
2024 · €122,216
Working capital
€4,141
2024 · -€10,592
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, 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
Line20212022202320242025
Operating result€50,713-€7,621▼ 85.0%€128,433▲ 1,585%€160,109▲ 24.7%€162,544▲ 1.5%
Net result€48,850within the sector's middle half-€4,476below the sector's middle half▼ 90.8%€99,440within the sector's middle half▲ 2,122%€122,216within the sector's middle half▲ 22.9%€122,818within the sector's middle half▲ 0.5%
Equity€24,350below the sector's middle half-€28,826below the sector's middle half▲ 18.4%€128,266within the sector's middle half▲ 345%€90,482below the sector's middle half▼ 29.5%€113,300within the sector's middle half▲ 25.2%
Total assets€125,554below the sector's middle half-€102,980below the sector's middle half▼ 18.0%€217,077below the sector's middle half▲ 111%€444,944below the sector's middle half▲ 105%€430,918within the sector's middle half▼ 3.2%
Debt€101,204-€74,154▼ 26.7%€88,811▲ 19.8%€354,463▲ 299%€317,618▼ 10.4%
Working capital€575-€3,494▲ 508%€82,686▲ 2,266%-€10,592€4,141
Solvency19.4%within the sector's middle half-28.0%within the sector's middle half▲ 8.6pp59.1%within the sector's middle half▲ 31.1pp20.3%below the sector's middle half▼ 38.8pp26.3%within the sector's middle half▲ 6.0pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €430,918
Fixed assets
€164,802 ▼ 3.1%
Current assets
€266,116 ▼ 3.2%
Equity and liabilities €430,918
Equity
€113,300 ▲ 25.2%
Debt
€317,618 ▼ 10.4%
Debt's share of the balance-sheet total falls from 79.7% to 73.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€235,523▲
2024 · €206,820
Cash flow
€195,797▲
2024 · €168,928
Current ratio
1.02▲
2024 · 0.96
Debt to equity
2.80▼
2024 · 3.92
ROE
108.4%▼
2024 · 135.1%
ROA
28.5%▲
2024 · 27.5%
Interest coverage
45.97▼
2024 · 69.53
Debt ≤ 1 year
€261,975▼
2024 · €285,468
Debt > 1 year
€55,644▼
2024 · €68,994
Income taxes
€34,652▼
2024 · €34,928
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,706 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,599 | €20,492 | €25,011 | €46,712 | €72,979 | ▲ 56.2% |
| Other operating charges640/8 | - | €954 | €1,064 | €5,450 | €4,995 | ▼ 8.3% |
| Gross operating margin9900 | €66,848 | €29,067 | €154,508 | €212,270 | €240,519 | ▲ 13.3% |
| Operating profit (loss)9901 | €50,713 | €7,621 | €128,433 | €160,109 | €162,544 | ▲ 1.5% |
| Financial income75/76B | - | €58 | €0 | €10 | €49 | ▲ 419% |
| Recurring financial income75 | €1 | €58 | €0 | €10 | €49 | ▲ 419% |
| Financial charges65/66B | - | €2,152 | €2,034 | €2,974 | €5,123 | ▲ 72.2% |
| Recurring financial charges65 | €1,774 | €2,152 | €2,034 | €2,974 | €5,123 | ▲ 72.2% |
| Profit (loss) for the period before taxes9903 | €48,941 | €5,528 | €126,399 | €157,144 | €157,470 | ▲ 0.2% |
| Income taxes67/77 | €90 | €1,052 | €26,959 | €34,928 | €34,652 | ▼ 0.8% |
| Profit (loss) for the period9904 | €48,850 | €4,476 | €99,440 | €122,216 | €122,818 | ▲ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €48,850 | €4,476 | €99,440 | €122,216 | €122,818 | ▲ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125,554 | €102,980 | €217,077 | €444,944 | €430,918 | ▼ 3.2% |
| Fixed assets21/28 | €85,048 | €70,858 | €70,344 | €170,068 | €164,802 | ▼ 3.1% |
| Tangible fixed assets22/27 | €85,048 | €70,858 | €70,344 | €170,068 | €164,802 | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | €2,432 | €18,756 | €41,672 | ▲ 122% |
| Furniture and vehicles24 | - | €10,587 | €26,471 | €40,738 | €50,217 | ▲ 23.3% |
| Leasing and similar rights25 | - | €60,271 | €41,441 | €110,575 | €72,913 | ▼ 34.1% |
| Current assets29/58 | €40,506 | €32,122 | €146,732 | €274,876 | €266,116 | ▼ 3.2% |
| Amounts receivable within one year40/41 | €13,965 | €15,031 | €78,950 | €218,175 | €230,953 | ▲ 5.9% |
| Trade receivables40 | - | €12,629 | €69,551 | €182,126 | €219,358 | ▲ 20.4% |
| Other amounts receivable41 | - | €2,403 | €9,399 | €36,049 | €11,595 | ▼ 67.8% |
| Cash at bank and in hand54/58 | €24,814 | €16,419 | €65,753 | €54,674 | €30,102 | ▼ 44.9% |
| Deferred charges and accrued income490/1 | - | €672 | €2,030 | €2,027 | €5,061 | ▲ 150% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125,554 | €102,980 | €217,077 | €444,944 | €430,918 | ▼ 3.2% |
| Equity10/15 | €24,350 | €28,826 | €128,266 | €90,482 | €113,300 | ▲ 25.2% |
| Contributions10/11 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €23,350 | €27,826 | €127,266 | €89,482 | €112,300 | ▲ 25.5% |
| Distributable reserves133 | - | €27,826 | €127,266 | €89,482 | €112,300 | ▲ 25.5% |
| Profit (loss) carried forward14 | - | €0 | - | €0 | €0 | - |
| Amounts payable17/49 | €101,204 | €74,154 | €88,811 | €354,463 | €317,618 | ▼ 10.4% |
| Amounts payable after more than one year17 | €61,272 | €45,526 | €24,765 | €68,994 | €55,644 | ▼ 19.4% |
| Financial debts170/4 | - | €45,526 | €24,765 | €68,994 | €55,644 | ▼ 19.4% |
| Amounts payable within one year42/48 | €39,932 | €28,627 | €64,046 | €285,468 | €261,975 | ▼ 8.2% |
| Current portion of amounts payable after more than one year42 | - | €20,355 | €20,761 | €36,200 | €32,908 | ▼ 9.1% |
| Trade debts44 | €4,557 | €4,776 | €25,353 | €99,449 | €114,602 | ▲ 15.2% |
| Suppliers440/4 | - | €4,776 | €25,353 | €99,449 | €114,602 | ▲ 15.2% |
| Taxes, remuneration and social security45 | - | €1,925 | €17,932 | €47,074 | €13,751 | ▼ 70.8% |
| Taxes450/3 | - | €1,925 | €17,932 | €47,074 | €13,751 | ▼ 70.8% |
| Other amounts payable47/48 | - | €1,571 | €0 | €102,745 | €100,714 | ▼ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,850 | €4,476 | €99,440 | €122,216 | €122,818 | ▲ 0.5% |
| + Depreciation and write-downs630 | €15,599 | €20,492 | €25,011 | €46,712 | €72,979 | ▲ 56.2% |
| Operating cash flow (approximation) | €64,449 | €24,968 | €124,451 | €168,928 | €195,797 | ▲ 15.9% |
| Investment in fixed assets (approximation) | - | -€6,302 | -€24,498 | -€146,436 | -€67,713 | ▲ 53.8% |
| Change in cash | - | -€8,396 | €49,334 | -€11,079 | -€24,572 | ▼ 122% |
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
14-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Highest result since 2021net €122,818 ▲0.5%
Operating result €162,544, net result €122,818, both a record.
30-06
Financial
Equity above €100,000Eq €113,300 ▲25.2%
5 profitable years in a row build equity to €113,300.
03-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Liquidity doublescurrent ratio 2.29
Current ratio from 1.12 to 2.29.
30-06
Financial
Equity above €100,000Eq €128,266 ▲345%
3 profitable years in a row build equity to €128,266.
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Weakest financial yearnet €4,476 ▼90.8%
Net result drops to €4,476, the lowest in the series; recovery starts the following year.
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Gistel · 1 establishment unit since 2019
Ground area
994 m²
Building footprint
220 m²
Volume, LiDAR
1,079 m³
Parcel 35005D0384/00F000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
M@XIVAN
since 20192.294.043.862
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005D0384/00F000 | Flanders | 994 m² | 1 · 220 m² | 7.1 m · 2 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.
Similar companies · same sector, comparable size
SNOEYS KRISTOF
BE 1000.331.603
Merksplas · Eq €112,808
MULTIVISION
BE 0837.819.682
Tremelo · Eq €112,667
Tech Support vdH
BE 0728.887.395
Merksplas · Eq €113,949
GREEN SERVICE TECHNICS
BE 0686.577.975
Kortemark · Eq €113,960
MTB TECHNICS
BE 0832.574.160
Eeklo · Eq €112,460
Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 1,139 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
Founded02-10-2019
Fiscal year end30-06
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735548723
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.