MAX
InactiveFrom the official registers: KBO 13 annual accounts at the National Bank publications in the Belgian Official Gazette
Overview
Official details
KBO- Status
- Inactive
- Activity
- No activity registered in the KBO
- Financial year end
- 31 August
- Peppol
- Not found in the Peppol Directory
How it is doing
Inactive: no score
Annual accounts to 31-08-2023
- Gross margin
- €442,897
- ▲ 18×
- Turnover
- ≈ €1.0m
- estimated
- Profit
- €293,995
- ▲ 40×
- Equity
- €605,267
- ▲ 94.4%
- Total assets
- €973,827
- ▼ 45.8%
Filed on 15-05-2024PDF
Signalsraises riskTwo or more financial years not filed2023 accounts filed 45 days lateShow the evidence
Signals
Two signals.
raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-08-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-08-2024 year end31-03-2025 deadline01-11-2026 today
raises risk · 2023 accounts filed 45 days late
The financial year that closed on 31-08-2023 was due by 31-03-2024 and was filed on 15-05-2024, 45 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
45 days late
2022
68 days late
2021
on the day
2020
on the day
2019
62 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 35 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Financials · financial year 2023, full format
2023 annual accounts filed late (45 days) Filed on 15 May 2024, deadline 31 March 2024 (7 months after the close on 31 August 2023, Companies Code art. 3:10). Source: NBB, 2024-00087731.
Latest annual accounts filed
Annual accounts 2023
- Financial year ended
- 31-08-2023
- Filed on
- 15-05-2024
- Format
- full format
- Reference
- 2024-00087731
Turnover
≈ €1.0m
Estimated: probably between €630,000 and €1.8m
EBIT margin
Not included in this filing
Net result
€293,995▲ 40×
2022 · €7,356
Working capital
€531,867▼ 62.6%
2022 · €1.4m
Trend over the years
2019 to 2023, 5 financial years 2019 to 2023, 5 financial years
The operating result recovers in 2023; 2023 is nearly 37 times 2022 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.4m
2023
Net result€0.3m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.0m
2023
Equity€0.6m
2023
Debt€0.4m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.5m
2023
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023
Operating result€0.04m-€0.05m▲ 17.1%€0.02m▼ 61.5%€0.01m▼ 38.0%€0.4m▲ 37×
Net result€0.02m-€0.03m▲ 54.2%€0.008m▼ 76.0%€0.007m▼ 9.6%€0.3m▲ 40×
Equity€0.4m-€0.4m▲ 9.4%€0.4m▲ 2.1%€0.3m▼ 22.9%€0.6m▲ 94.4%
Total assets€2.3m-€1.7m▼ 25.4%€1.3m▼ 23.2%€1.8m▲ 36.5%€1.0m▼ 45.8%
Debt€1.9m-€1.3m▼ 31.8%€0.9m▼ 30.8%€1.5m▲ 62.7%€0.4m▼ 75.2%
Working capital€1.5m-€1.4m▼ 8.0%€1.0m▼ 29.5%€1.4m▲ 46.2%€0.5m▼ 62.6%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €973,827
Fixed assets
€73,400 ▼ 72.5%
Current assets
€900,427 ▼ 41.2%
Equity and liabilities €973,827
Equity
€605,267 ▲ 94.4%
Debt
€368,560 ▼ 75.2%
Debt's share of the balance-sheet total falls from 82.7% to 37.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€440,463▲
2022 · €22,399
Cash flow
€294,383▲
2022 · €17,745
Current ratio
2.44▼
2022 · 14.15
Debt to equity
0.61▼
2022 · 4.78
ROE
48.6%▲
2022 · 2.4%
ROA
30.2%▲
2022 · 0.4%
Interest coverage
38.16▲
2022 · 7.98
Debt ≤ 1 year
€368,560▲
2022 · €108,175
Income taxes
€138,673▲
2022 · €1,856
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,960 | €13,818 | €12,579 | €10,389 | €388 | ▼ 96.3% |
| Other operating charges640/8 | - | - | - | €1,987 | €2,434 | ▲ 22.5% |
| Gross operating margin9900 | €60,701 | €64,831 | €33,899 | €24,386 | €442,897 | ▲ 18× |
| Operating profit (loss)9901 | €42,971 | €50,305 | €19,377 | €12,010 | €440,075 | ▲ 37× |
| Financial income75/76B | - | - | - | €7 | €4,136 | ▲ 570× |
| Recurring financial income75 | €239 | €25 | €0 | €7 | €4,136 | ▲ 570× |
| Financial charges65/66B | - | - | - | €2,806 | €11,543 | ▲ 311% |
| Recurring financial charges65 | €7,304 | €3,350 | €8,928 | €2,806 | €11,543 | ▲ 311% |
| Profit (loss) for the period before taxes9903 | €35,907 | €46,980 | €10,449 | €9,211 | €432,668 | ▲ 47× |
| Income taxes67/77 | €13,933 | €13,103 | €2,308 | €1,856 | €138,673 | ▲ 75× |
| Profit (loss) for the period9904 | €21,974 | €33,876 | €8,141 | €7,356 | €293,995 | ▲ 40× |
| Profit (loss) for the period to be appropriated9905 | €21,974 | €33,876 | €8,141 | €7,356 | €293,995 | ▲ 40× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €1.7m | €1.3m | €1.8m | €1.0m | ▼ 45.8% |
| Fixed assets21/28 | €0.3m | €0.3m | €0.3m | €0.3m | €0.07m | ▼ 72.5% |
| Tangible fixed assets22/27 | €0.3m | €0.3m | €0.3m | €0.2m | €0.06m | ▼ 77.9% |
| Land and buildings22 | - | - | - | €0.2m | - | - |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.06m | ▼ 3.9% |
| Financial fixed assets28 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Current assets29/58 | €2.0m | €1.4m | €1.0m | €1.5m | €0.9m | ▼ 41.2% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | ▲ 16.4% |
| Trade receivables40 | - | - | - | €0.05m | €0.1m | ▲ 188% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.1m | ▼ 34.3% |
| Cash at bank and in hand54/58 | €1.2m | €0.7m | €0.6m | €1.0m | €0.7m | ▼ 31.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.4m | €0.002m | ▼ 99.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €1.7m | €1.3m | €1.8m | €1.0m | ▼ 45.8% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.3m | €0.6m | ▲ 94.4% |
| Contributions10/11 | €0.03m | - | - | €0.03m | €0.03m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.5m | ▲ 116% |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.003m | = |
| Reserves not available under the articles1311 | - | - | - | €0.003m | €0.003m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.5m | ▲ 118% |
| Profit (loss) carried forward14 | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Amounts payable17/49 | €1.9m | €1.3m | €0.9m | €1.5m | €0.4m | ▼ 75.2% |
| Amounts payable after more than one year17 | €0.03m | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.05m | €0.07m | €0.1m | €0.4m | ▲ 241% |
| Trade debts44 | €0.5m | €0.02m | €0.03m | €0.02m | €0.2m | ▲ 938% |
| Suppliers440/4 | - | - | - | €0.02m | €0.2m | ▲ 938% |
| Advances received on contracts in progress46 | - | - | - | €0.08m | €0.1m | ▲ 41.0% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.002m | - |
| Taxes450/3 | - | - | - | - | €0.002m | - |
| Other amounts payable47/48 | - | - | - | €125 | €125 | = |
| Accrued charges and deferred income492/3 | - | - | - | €1.4m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,974 | €33,876 | €8,141 | €7,356 | €293,995 | ▲ 40× |
| + Depreciation and write-downs630 | €15,960 | €13,818 | €12,579 | €10,389 | €388 | ▼ 96.3% |
| Operating cash flow (approximation) | €37,934 | €47,694 | €20,720 | €17,745 | €294,383 | ▲ 17× |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €193,243 | - |
| Change in cash | - | -€425,410 | -€108,659 | €338,436 | -€311,530 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-08-2023 | full format | 15-05-2024 | 2024-00087731 | |
| 31-08-2022 | full format | 07-06-2023 | 2023-00111481 | |
| 31-08-2021 | full format | 31-03-2022 | 2022-10000263 | |
| 31-08-2020 | full format | 31-03-2021 | 2021-09700442 | |
| 31-08-2019 | full format | 01-06-2020 | 2020-13700104 | |
| 31-08-2018 | full format | 10-04-2019 | 2019-09600330 | |
| 31-08-2017 | full format | 23-06-2018 | 2018-22200145 | |
| 31-08-2016 | full format | 09-05-2017 | 2017-11500472 | |
| 31-08-2015 | full format | 29-02-2016 | 2016-05500454 | |
| 31-12-2013 | full format | 31-08-2014 | 2014-52200433 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2024
Godyns Marie
Current
Mandate history
3 people, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Godyns Marie |
|
| GODYNS |
|
| JORIS Christine |
|
Owners and capital
Owners
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- 1 more provision in the deed, see the deed of 17-06-2024
Articles of association, deed of 17-06-2024 (in French)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
2024
17-06
Gazette deed
End & cessationPermanent representative: Guy Parmentier · Resignations: JORIS Christine (manager and director) and GODYNS (manager and director) · Auditor report12 facts ▸
Gazette deed
End & cessation
Permanent representative: Guy Parmentier · Resignations: JORIS Christine (manager and director) and GODYNS (manager and director) · Auditor report12 facts ▸
- General meeting, 16-05-2024
- Other provision, “prise connaissance des rapports, article 2:71 Code des sociétés et associations” (deed in French)
- Auditor report, “réviseur d'entreprises (commissaire), avec réserve” (deed in French)
- Permanent representative, Guy Parmentier (représentant permanent et gestionnaire)
- Dissolution, “article 2:80 Code des sociétés et associations”, 16-05-2024 (deed in French)
- Liquidation closure
- Custody of records, “livres et documents sociaux, domicile de Madame JORIS Christine” (deed in French)
- Asset distribution, “de plein droit, tous les actifs même inconnus au moment de la clôture” (deed in French)
- Director resignation, JORIS Christine (manager and director)
- Director resignation, GODYNS (manager and director)
- Director discharge, JORIS Christine (manager and director)
- Director discharge, GODYNS (manager and director)
15-05
financial year 2023 · full format · 45 days late
2023
31-08
Financial
Highest result from 2019 to 2023net €293,995 ▲3,897%
Operating result €440,075, net result €293,995, both a record.
31-08
Financial
Equity above €500,000equity €605,267 ▲94.4%
A profit in every financial year since 2019 builds equity to €605,267.
07-06
financial year 2022 · full format · 68 days late
2022
31-03
financial year 2021 · full format
2021
31-03
financial year 2020 · full format
2020
31-08
Financial
Liquidity more than 7 timescurrent ratio 31.04
Current ratio from 4.03 to 31.04; short-term debt falls from €494,577 to €45,941.
01-06
financial year 2019 · full format · 62 days late
2019
10-04
financial year 2018 · full format · 10 days late
2018
23-06
financial year 2017 · full format · 84 days late
2017
09-05
financial year 2016 · full format · 39 days late
2016
29-02
financial year 2015 · full format
2014
31-08
financial year 2013 · full format · 31 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Inactive
Inactive
MAX is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 August 2023
- Last registered office
- Rue Des Combattants 83B Bte 2, 1310 La Hulpeas published on 17 June 2024
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2010
Recognitions · licences · registrations
Legal Entity Identifier
894500LVVL3PL11ENL27