MAMAX
ActiveSummary
MAMAX has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.5m and a net result of -€486,068. Equity is shrinking by ~10.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability9▲+4
Solvency79▼-9
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.21 against 0.35 in 2023; short-term debt: 44% and cash: 0.1% of total assets), and 45.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2024Solvency, return and age of the figures
Solvency
54.5%
Return on assets
-7.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€486,068
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
119 d late
2023
70 d late
2022
71 d late
2021
4 d late
2020
66 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 67 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€3.5m▼ 12.2%
2023 · €4.0m
Total assets
€6.4m▲ 1.7%
2023 · €6.3m
Net result
-€486,068▲ 29.4%
2023 · -€688,369
Working capital
-€2.2m▼ 61.6%
2023 · -€1.4m
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
Line20202021202220232024
Operating result-€474,272▼ 26.2%-€591,447▼ 24.7%-€580,032▲ 1.9%-€707,573▼ 22.0%-€495,388▲ 30.0%
Net result-€486,391▼ 25.1%-€546,363▼ 12.3%-€638,177▼ 16.8%-€688,369▼ 7.9%-€486,068▲ 29.4%
Equity€5.8m▼ 7.7%€5.3m▼ 9.3%€4.7m▼ 12.0%€4.0m▼ 14.8%€3.5m▼ 12.2%
Total assets€9.2m▼ 6.1%€8.3m▼ 10.3%€7.5m▼ 9.7%€6.3m▼ 15.9%€6.4m▲ 1.7%
Debt€3.3m▼ 2.7%€2.9m▼ 11.7%€2.8m▼ 5.1%€2.3m▼ 17.5%€2.9m▲ 26.9%
Working capital-€75,526▲ 31.2%-€478,248▼ 533%-€908,549▼ 90.0%-€1.4m▼ 52.2%-€2.2m▼ 61.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €495,388 in 2024 against €707,573 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.4m
Fixed assets
€5.8m ▲ 4.5%
Current assets
€586,561 ▼ 19.6%
Equity and liabilities €6.4m
Equity
€3.5m ▼ 12.2%
Provisions
€37,922 ▼ 31.7%
Debt
€2.9m ▲ 26.9%
Debt's share of the balance-sheet total rises from 36.0% to 44.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€25,586▲
2023 · -€251,905
Cash flow
-€16,267▲
2023 · -€232,701
Current ratio
0.21▼
2023 · 0.35
Debt to equity
0.82▲
2023 · 0.57
ROE
-13.9%▲
2023 · -17.3%
ROA
-7.6%▲
2023 · -10.9%
Interest coverage
-2.00▲
2023 · -4.63
Debt ≤ 1 year
€2.8m▲
2023 · €2.1m
Debt > 1 year
€51,752▼
2023 · €154,803
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 815 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
2.8%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 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% | 1.6% |
| 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 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 815 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,800 | €89,267 | ▲ 4,859% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €472,795 | €475,665 | €475,570 | €455,668 | €469,801 | ▲ 3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €68,810 | - | - |
| Other operating charges640/8 | - | €30,704 | €27,704 | €77,990 | €30,632 | ▼ 60.7% |
| Non-recurring operating charges66A | - | €15,185 | - | - | - | - |
| Gross operating margin9900 | €26,193 | -€69,893 | -€76,757 | -€105,105 | €5,045 | ▲ 105% |
| Operating profit (loss)9901 | -€474,272 | -€591,447 | -€580,032 | -€707,573 | -€495,388 | ▲ 30.0% |
| Financial income75/76B | - | €82,144 | €5,192 | €56,031 | €4,521 | ▼ 91.9% |
| Recurring financial income75 | €2,364 | €82,144 | €5,192 | €56,031 | €4,521 | ▼ 91.9% |
| Financial charges65/66B | - | €38,352 | €80,959 | €54,448 | €12,823 | ▼ 76.4% |
| Recurring financial charges65 | €32,104 | €38,352 | €80,959 | €54,448 | €12,823 | ▼ 76.4% |
| Profit (loss) for the period before taxes9903 | -€504,012 | -€547,655 | -€655,799 | -€705,991 | -€503,690 | ▲ 28.7% |
| Transfer from deferred taxes780 | - | €17,621 | €17,621 | €17,621 | €17,621 | = |
| Income taxes67/77 | - | €16,330 | - | - | - | - |
| Profit (loss) for the period9904 | -€486,391 | -€546,363 | -€638,177 | -€688,369 | -€486,068 | ▲ 29.4% |
| Transfer from tax-exempt reserves789 | - | €52,864 | €52,864 | €52,864 | €52,864 | = |
| Profit (loss) for the period to be appropriated9905 | -€433,526 | -€493,499 | -€585,313 | -€635,505 | -€433,204 | ▲ 31.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.2m | €8.3m | €7.5m | €6.3m | €6.4m | ▲ 1.7% |
| Fixed assets21/28 | €6.5m | €6.2m | €5.9m | €5.6m | €5.8m | ▲ 4.5% |
| Tangible fixed assets22/27 | €6.5m | €6.2m | €5.9m | €5.6m | €5.8m | ▲ 4.5% |
| Land and buildings22 | - | €5.2m | €4.9m | €4.5m | €4.8m | ▲ 5.5% |
| Plant, machinery and equipment23 | - | €141,283 | €148,173 | €144,610 | €142,729 | ▼ 1.3% |
| Furniture and vehicles24 | - | €526,929 | €524,445 | €586,546 | €625,437 | ▲ 6.6% |
| Other tangible fixed assets26 | - | €396,514 | €361,554 | €326,594 | €291,538 | ▼ 10.7% |
| Financial fixed assets28 | €7,412 | €7,412 | €7,412 | €7,412 | €7,412 | = |
| Current assets29/58 | €2.7m | €2.1m | €1.6m | €729,593 | €586,561 | ▼ 19.6% |
| Amounts receivable within one year40/41 | €1.5m | €1.1m | €859,132 | €178,161 | €91,484 | ▼ 48.7% |
| Trade receivables40 | - | €277,380 | €160,294 | €142,984 | €91,484 | ▼ 36.0% |
| Other amounts receivable41 | - | €855,757 | €698,839 | €35,177 | - | - |
| Current investments50/53 | €1.1m | €862,029 | €674,498 | €519,478 | €466,751 | ▼ 10.2% |
| Cash at bank and in hand54/58 | €10,351 | €29,694 | €33,660 | €17,244 | €5,052 | ▼ 70.7% |
| Deferred charges and accrued income490/1 | - | €37,473 | €11,547 | €14,710 | €23,274 | ▲ 58.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.2m | €8.3m | €7.5m | €6.3m | €6.4m | ▲ 1.7% |
| Equity10/15 | €5.8m | €5.3m | €4.7m | €4.0m | €3.5m | ▼ 12.2% |
| Contributions10/11 | €507,000 | €507,000 | €507,000 | €507,000 | €507,000 | = |
| Capital10 | - | €507,000 | €507,000 | €507,000 | €507,000 | = |
| Issued capital100 | - | €507,000 | €507,000 | €507,000 | €507,000 | = |
| Reserves13 | €5.3m | €4.8m | €4.2m | €3.5m | €3.0m | ▼ 14.0% |
| Non-distributable reserves130/1 | - | €50,700 | €50,700 | €50,700 | €50,700 | = |
| Legal reserve130 | - | €50,700 | €50,700 | €50,700 | €50,700 | = |
| Tax-exempt reserves132 | - | €272,360 | €219,496 | €166,631 | €113,767 | ▼ 31.7% |
| Distributable reserves133 | - | €4.5m | €3.9m | €3.3m | €2.8m | ▼ 13.3% |
| Provisions and deferred taxes16 | €108,408 | €90,787 | €73,165 | €55,544 | €37,922 | ▼ 31.7% |
| Deferred taxes168 | - | €90,787 | €73,165 | €55,544 | €37,922 | ▼ 31.7% |
| Amounts payable17/49 | €3.3m | €2.9m | €2.8m | €2.3m | €2.9m | ▲ 26.9% |
| Amounts payable after more than one year17 | €490,712 | €359,105 | €257,250 | €154,803 | €51,752 | ▼ 66.6% |
| Financial debts170/4 | - | €359,105 | €257,250 | €154,803 | €51,752 | ▼ 66.6% |
| Amounts payable within one year42/48 | €2.8m | €2.5m | €2.5m | €2.1m | €2.8m | ▲ 33.6% |
| Current portion of amounts payable after more than one year42 | - | €131,299 | €101,855 | €102,447 | €103,081 | ▲ 0.6% |
| Financial debts43 | - | €2.4m | €2.4m | €50,000 | €43,712 | ▼ 12.6% |
| Credit institutions430/8 | - | €2.4m | €2.4m | €50,000 | €43,712 | ▼ 12.6% |
| Trade debts44 | €155,770 | €25,282 | €11,377 | €91,872 | €32,031 | ▼ 65.1% |
| Suppliers440/4 | - | €25,282 | €11,377 | €91,872 | €32,031 | ▼ 65.1% |
| Other amounts payable47/48 | - | €34,002 | €24,155 | €1.9m | €2.6m | ▲ 41.5% |
| Accrued charges and deferred income492/3 | - | - | €5,957 | €1,538 | €5,852 | ▲ 281% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€486,391 | -€546,363 | -€638,177 | -€688,369 | -€486,068 | ▲ 29.4% |
| + Depreciation and write-downs630 | €472,795 | €475,665 | €475,570 | €455,668 | €469,801 | ▲ 3.1% |
| Operating cash flow (approximation) | -€13,596 | -€70,699 | -€162,607 | -€232,701 | -€16,267 | ▲ 93.0% |
| Investment in fixed assets (approximation) | - | -€182,795 | -€154,175 | -€117,007 | -€719,660 | ▼ 515% |
| Change in cash | - | €19,343 | €3,966 | -€16,417 | -€12,191 | ▲ 25.7% |
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
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 119 days late
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
2023
31-12
Financial
Weakest financial yearnet -€688,369
Net result drops to -€688,369, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 66 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Antwerpen · 1 establishment unit since 1995
Ground area
230 m²
Building footprint
162 m²
Volume, LiDAR
2,658 m³
Parcel 11808H1206/00T003, Flanders · tallest building 21.1 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MAMAX
since 19952.071.402.039
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1206/00T003 | Flanders | 230 m² | 1 · 162 m² | 21.1 m · 6 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.
Structure & network
Owners and holdings
1 ownerChain of control
- B-MAX HOLDING
- MAMAX
Highest known parent: B-MAX HOLDING. The sources do not say who stands above it.
Owners 1
- B-MAX HOLDINGparent99.9%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
549300U807GRT7WTT098
Identification & contact
Identification
Legal formPublic limited company
Founded31-12-1993
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451991690
Registered
12-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.