MAX - AUTO
ActiveSummary
MAX - AUTO has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €171,712 and a net result of €31,471. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 75% of 46 sector peers (NACE 85, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €171,712
- Profit
- €31,471
- Camille HELLEBUYCKDirector
- Maxime HELLEBUYCKManaging director
Why 97lowers riskLiquidity: current ratio 7.41, cash €179,825Equity €171,712 (86.5% of total assets)Sector: Education (NACE 85)Size: total assets €198,398Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, micro): better than 88% on solvency, 91% on liquidity, 71% on profitability and 61% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 29 days before the deadline; the sector median (NACE 85) for financial year 2024 is 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2026 · micro…
- Highest result from 2019 to 2026net €31,471 ▲20.4%
- Annual accounts filedfinancial year 2025 · micro…
Financials · financial year 2026, micro format
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result recovers in 2026; 2026 is 12% above 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 85, Education: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 31,368 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €11,703 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €60 | €392 | €392 | €392 | €392 | = |
| Other operating charges640/8 | - | - | - | €787 | €3,396 | €933 | €899 | €1,842 | ▲ 105% |
| Gross operating margin9900 | €19,751 | €16,827 | €22,662 | €48,214 | €47,760 | €43,892 | €40,695 | €46,564 | ▲ 14.4% |
| Operating profit (loss)9901 | €16,742 | €15,788 | €21,878 | €47,367 | €43,971 | €42,566 | €39,405 | €44,329 | ▲ 12.5% |
| Financial income75/76B | - | - | - | €0 | - | €0 | €0 | €54 | - |
| Recurring financial income75 | €0 | €112 | €2 | €0 | - | €0 | €0 | €54 | - |
| Financial charges65/66B | - | - | - | €115 | €54 | €54 | €54 | €60 | ▲ 11.0% |
| Recurring financial charges65 | €161 | €189 | €109 | €115 | €54 | €54 | €54 | €60 | ▲ 11.0% |
| Profit (loss) for the period before taxes9903 | €16,581 | €15,711 | €21,771 | €47,252 | €43,917 | €42,512 | €39,351 | €44,324 | ▲ 12.6% |
| Income taxes67/77 | €5,969 | €5,783 | €6,209 | €17,167 | €13,588 | €14,251 | €13,208 | €12,853 | ▼ 2.7% |
| Profit (loss) for the period9904 | €10,612 | €9,928 | €15,562 | €30,084 | €30,329 | €28,261 | €26,142 | €31,471 | ▲ 20.4% |
| Profit (loss) for the period to be appropriated9905 | €10,612 | €9,928 | €15,562 | €30,084 | €30,329 | €28,261 | €26,142 | €31,471 | ▲ 20.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €77,509 | €84,390 | €104,025 | €127,316 | €148,670 | €161,601 | €179,690 | €198,398 | ▲ 10.4% |
| Fixed assets21/28 | - | - | - | €1,900 | €1,508 | €1,116 | €724 | €582 | ▼ 19.6% |
| Tangible fixed assets22/27 | - | - | - | €1,900 | €1,508 | €1,116 | €724 | €332 | ▼ 54.2% |
| Plant, machinery and equipment23 | - | - | - | €1,900 | €1,508 | €1,116 | €724 | €332 | ▼ 54.2% |
| Financial fixed assets28 | - | - | - | - | - | - | - | €250 | - |
| Current assets29/58 | €77,509 | €84,390 | €104,025 | €125,416 | €147,162 | €160,485 | €178,966 | €197,817 | ▲ 10.5% |
| Amounts receivable within one year40/41 | €8,568 | €18,865 | €250 | €13,028 | €13,234 | €29,199 | €18,288 | €16,449 | ▼ 10.1% |
| Trade receivables40 | - | - | - | €12,980 | €13,178 | €29,071 | €17,984 | €15,977 | ▼ 11.2% |
| Other amounts receivable41 | - | - | - | €48 | €56 | €128 | €304 | €472 | ▲ 55.3% |
| Cash at bank and in hand54/58 | €67,377 | €64,601 | €102,822 | €111,413 | €132,089 | €129,383 | €158,741 | €179,825 | ▲ 13.3% |
| Deferred charges and accrued income490/1 | - | - | - | €975 | €1,839 | €1,903 | €1,938 | €1,542 | ▼ 20.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €77,509 | €84,390 | €104,025 | €127,316 | €148,670 | €161,601 | €179,690 | €198,398 | ▲ 10.4% |
| Equity10/15 | €65,971 | €75,899 | €91,461 | €107,978 | €121,941 | €139,589 | €155,804 | €171,712 | ▲ 10.2% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | - | - | €18,600 | - | - | - |
| Other1109/19 | - | - | - | - | - | €18,600 | - | - | - |
| Reserves13 | €47,371 | €57,299 | €72,861 | €89,378 | €103,341 | €120,989 | €137,204 | €153,112 | ▲ 11.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €87,518 | €101,481 | €119,129 | €137,204 | €153,112 | ▲ 11.6% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €11,538 | €8,492 | €12,564 | €19,338 | €26,729 | €22,012 | €23,887 | €26,686 | ▲ 11.7% |
| Amounts payable within one year42/48 | €11,538 | €8,449 | €12,564 | €19,338 | €26,729 | €22,012 | €23,887 | €26,686 | ▲ 11.7% |
| Trade debts44 | €124 | - | €299 | €508 | €861 | €863 | €866 | €70 | ▼ 92.0% |
| Suppliers440/4 | - | - | - | €508 | €861 | €863 | €866 | €70 | ▼ 92.0% |
| Taxes, remuneration and social security45 | - | - | - | €12,208 | €9,422 | €9,436 | €10,600 | €9,567 | ▼ 9.7% |
| Taxes450/3 | - | - | - | €10,414 | €6,955 | €7,580 | €8,243 | €7,077 | ▼ 14.1% |
| Remuneration and social security454/9 | - | - | - | €1,794 | €2,466 | €1,856 | €2,357 | €2,491 | ▲ 5.7% |
| Other amounts payable47/48 | - | - | - | €6,622 | €16,447 | €11,712 | €12,420 | €17,049 | ▲ 37.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,612 | €9,928 | €15,562 | €30,084 | €30,329 | €28,261 | €26,142 | €31,471 | ▲ 20.4% |
| + Depreciation and write-downs630 | - | - | - | €60 | €392 | €392 | €392 | €392 | = |
| Operating cash flow (approximation) | €10,612 | €9,928 | €15,562 | €30,145 | €30,721 | €28,653 | €26,534 | €31,863 | ▲ 20.1% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | €0 | €0 | -€250 | - |
| Change in cash | - | -€2,776 | €38,221 | €8,590 | €20,676 | -€2,706 | €29,358 | €21,085 | ▼ 28.2% |
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 28 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | micro format | 19-10-2026 | 2026-00564022 |
| 31-03-2025 | micro format | 16-10-2025 | 2025-00543480 |
| 31-03-2024 | micro format | 04-10-2024 | 2024-00495672 |
| 31-03-2023 | micro format | 28-09-2023 | 2023-00464131 |
| 31-03-2022 | micro format | 22-09-2022 | 2022-20433168 |
| 31-03-2021 | micro format | 29-09-2021 | 2021-69400332 |
| 31-03-2020 | micro format | 17-09-2020 | 2020-53600508 |
| 31-03-2019 | micro format | 30-09-2019 | 2019-66400440 |
| 31-03-2018 | micro format | 11-09-2018 | 2018-62400537 |
| 31-03-2017 | micro format | 13-09-2017 | 2017-60600163 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Camille HELLEBUYCK |
|
| Maxime HELLEBUYCK |
|
| Gaëtan CALMEIN |
|
Owners and capital
Capital and shareholders
- 08-07-2024 Converted to unavailable equity · €20,460
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
08-07
Gazette deed
Resignations: Maxime HELLEBUYCK, Camille HELLEBUYCK and Gaëtan CALMEINReappointments: Maxime HELLEBUYCK (administrateur non statutaire) and Camille HELLEBUYCK (administrateur non statutaire) · Appointment: Maxime HELLEBUYCK (managing director) · Power of attorney19 facts ▸
- Director resignation, Maxime HELLEBUYCK (director)
- Director resignation, Camille HELLEBUYCK (director)
- Director resignation, Gaëtan CALMEIN (director)
- Director reappointment, Maxime HELLEBUYCK (administrateur non statutaire)
- Director reappointment, Camille HELLEBUYCK (administrateur non statutaire)
- Other provision, “absence interdiction de gérer, ne fait objet d'aucune interdiction telles qu'énumérées loi du 2023-05-04 créant Registre central des interdictions de gérer” (deed in French) (2 times)
- Other provision, “exécution de leur mandat, décharge aux administrateurs démissionnaires” (deed in French)
- Board meeting, “durée de son mandat d'administrateur, aussitôt,administrateurs renouvelés présents ou représentés” (deed in French)
- Director appointment, Maxime HELLEBUYCK (managing director)
- Power of attorney
- Power of attorney, Sylvie DELCOUR
- General meeting, 05-06-2024
- +7 further facts in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 54007B1242/00G003 | Wallonia | 560 m² | 1 · 78 m² | - |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MAX - AUTO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Sans modification de la langue des statuts, faire constater authentiquement la modification statutaire éventuelle” (deed in French)“Région wallonne, établir ou supprimer sièges d'exploitation par simple décision sans changement de régime linguistique” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 15. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation fixée par assemblée défaut sans limitation, personnes physiques ou morales actionnaires ou non” (deed in French)“Gratuit, décision contraire de l'assemblée générale à la majorité simple des voix” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of September at 11:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed