MAX
ActiveMAX has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55k and a net result of €-5k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 71% of 13159 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability24▼-63
Solvency79▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.06 against 2.2 in 2024; short-term debt: 35.4% and cash: 0.9% of total assets), and 45.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
54.4%
Return on assets
-5.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
12 d late
2023
22 d late
2022
31 d late
2021
29 d late
2020
11 d late
2019
54 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€55k▼ 21.9%
2024 · €70k
2018: €-2k
2019: €6k
2020: €41k
2021: €60k
2022: €64k
2023: €56k
2024: €70k
2018 → 2025
Total assets
€101k▼ 20.8%
2024 · €127k
2018: €123k
2019: €108k
2020: €99k
2021: €94k
2022: €95k
2023: €117k
2024: €127k
2018 → 2025
Net result
€-5k
2024 · €19k
2018: €-6k
2019: €8k
2020: €34k
2021: €19k
2022: €4k
2023: €-7k
2024: €19k
2018 → 2025
Working capital
€38k▼ 24.7%
2024 · €50k
2018: €-22k
2019: €-21k
2020: €27k
2021: €39k
2022: €46k
2023: €35k
2024: €50k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€64k▲ 6.2%€56k▼ 11.4%€70k▲ 25.0%€55k▼ 21.9%
Operating result€25k-€7k▼ 72.4%€-4k€30k€300▼ 99.0%
Net result€19k-€4k▼ 80.7%€-7k€19k€-5k
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 2025; 2025 is 99% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101k
Fixed assets
€27k▼ 22.4%
Current assets
€74k▼ 20.1%
Equity and liabilities €101k
Equity
€55k▼ 21.9%
Debt
€46k▼ 19.4%
The debt ratio rises from 44.8% to 45.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▼
2024 · €38k
Cash flow
€2k▼
2024 · €27k
Solvency
54.4%▼
2024 · 55.2%
Current ratio
2.06▼
2024 · 2.20
Quick ratio
1.89▼
2024 · 2.14
Debt / equity
0.84▲
2024 · 0.81
ROE
-9.9%▼
2024 · 27.1%
ROA
-5.4%▼
2024 · 14.9%
Interest coverage
1.46▼
2024 · 11.15
Debt
€46k▼
2024 · €57k
Debt ≤ 1 year
€36k▼
2024 · €42k
Debt > 1 year
€10k▼
2024 · €15k
Income taxes
€106▼
2024 · €8k
Staff costs
€6k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€127k€101k▼
Formation expenses20-€0
Fixed assets21/28€35k€27k▼
Tangible fixed assets22/27€31k€23k▼
Land and buildings22€0€0=
Plant, machinery and equipment23€28k€23k▼
Furniture and vehicles24€893€83▼
Leasing and similar rights25-€0
Other tangible fixed assets26€3k€42▼
Financial fixed assets28€4k€4k=
Current assets29/58€92k€74k▼
Amounts receivable after more than one year29€48k€48k=
Other amounts receivable291€48k€48k=
Stocks and contracts in progress3€3k€6k▲
Stocks30/36€3k€6k▲
Amounts receivable within one year40/41€17k€0▼
Trade receivables40€0€0=
Other amounts receivable41€17k€0▼
Cash at bank and in hand54/58€25k€874▼
Deferred charges and accrued income490/1-€18k
Equity and liabilities
Total equity and liabilities10/49€127k€101k▼
Equity10/15€70k€55k▼
Contributions10/11€19k€19k=
Reserves13€52k€42k▼
Non-distributable reserves130/1-€0
Reserves not available under the articles1311-€0
Tax-exempt reserves132-€0
Distributable reserves133€52k€42k▼
Profit (loss) carried forward14€-69€-6k▼
Amounts payable17/49€57k€46k▼
Amounts payable after more than one year17€15k€10k▼
Financial debts170/4€15k€10k▼
Amounts payable within one year42/48€42k€36k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€2k€8k▲
Credit institutions430/8€2k€8k▲
Trade debts44€6k€8k▲
Suppliers440/4€6k€8k▲
Taxes, remuneration and social security45€24k€13k▼
Taxes450/3€23k€12k▼
Remuneration and social security454/9€524€380▼
Other amounts payable47/48€5k€2k▼
Accrued charges and deferred income492/3€96€281▲
Income statement
Code20242025
Remuneration, social security and pensions62€6k€6k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€5k€3k▼
Gross operating margin9900€49k€17k▼
Operating profit (loss)9901€30k€300▼
Financial income75/76B€2€5▲
Recurring financial income75€2€5▲
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€27k€-5k▼
Income taxes67/77€8k€106▼
Profit (loss) for the period9904€19k€-5k▼
Profit (loss) for the period to be appropriated9905€19k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€-6k▼
Profit (loss) brought forward from the previous period14P€875€-69▼
Transfer from equity791/2€5k€10k▲
Transfer to equity691/2€20k-
To other reserves6921€20k-
Profit to be distributed694/7€5k€10k▲
Return on contributions (dividend)694€5k€10k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Weakest financial yearnet €-7k ▼294%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Highest result since 2018net €34k ▲332%
Operating result €49k, net result €34k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.71
Current ratio from 0.73 to 1.71; short-term debt falls from €76k to €38k.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Liège · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Tongres 634000 LiègeGround area
7,112 m²
Building footprint
2,409 m²
Volume, LiDAR
13,109 m³
Parcel 62087B0230/00D013, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Tongres 63, 4000 Liège
since 19972.081.130.644
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62087B0230/00D013 | Wallonia | 7,112 m² | 1 · 2,409 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.081.130.644
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Of 20,499 companies in sector 56111 we hold annual accounts for 11,455. 9,865 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-1996
Fiscal year end31-12
Activities, NACEBEL
55301
55522
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.