MAX ! CREATIVE SERVICES
Annual accounts 2025
micro format, filed on 22-06-2026, 39 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €253,040 on 31-12-2025in euro
in euro
Position in the sector
45.8%
Higher than 48% of 1,873 companies in 2025.
1.82
Higher than 50% of 1,778 companies in 2025.
-2.1%
Higher than 28% of 1,797 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
253,040 | 288,059 | 303,267 | 274,093 | 257,471 | 246,156 | 225,459 | 227,510 | 206,779 | 202,083 | 205,062 | 178,731 | 253,119 | 271,851 | 262,704 | 235,183 | 145,170 | 111,904 | 105,989 | 96,353 | |
21/28 |
3,165 | - | - | - | - | - | - | - | - | 346 | 1,195 | 2,044 | 4,192 | 3,096 | 810 | 1,285 | - | 53 | 992 | 1,935 | |
22/27 |
3,165 | - | - | - | - | - | - | - | - | 346 | 1,195 | 2,044 | 1,892 | 796 | 810 | 1,285 | - | 53 | 992 | 1,935 | |
23 |
- | - | - | - | - | - | - | - | - | 59 | 234 | 409 | 584 | 462 | - | - | - | - | - | - | |
24 |
3,165 | - | - | - | - | - | - | - | - | 286 | 961 | 1,635 | 1,308 | 334 | 810 | 1,285 | - | 53 | 992 | 1,935 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,300 | 2,300 | - | - | - | - | - | - | |
29/58 |
249,875 | 288,059 | 303,267 | 274,093 | 257,471 | 246,156 | 225,459 | 227,510 | 206,779 | 201,738 | 203,867 | 176,686 | 248,927 | 268,755 | 261,895 | 233,898 | 145,170 | 111,851 | 104,997 | 94,418 | |
29 |
- | - | - | - | - | - | - | - | - | - | 265 | - | - | - | - | - | - | - | - | - | |
290 |
- | - | - | - | - | - | - | - | - | - | 265 | - | - | - | - | - | - | - | - | - | |
40/41 |
6,958 | 14,033 | 14,511 | 9,687 | 525 | 8,724 | 1,578 | 2,609 | 3,677 | 4,081 | 233 | 1,395 | 3,000 | 3,835 | 2,330 | 997 | 5,699 | 7,154 | 7,492 | 6,352 | |
40 |
5,939 | 12,463 | 14,511 | 9,687 | 422 | 8,724 | 1,512 | 980 | 3,153 | 4,081 | - | - | 1,873 | 3,835 | 2,330 | 997 | 4,199 | 7,154 | 7,492 | 6,352 | |
41 |
1,020 | 1,570 | - | 0 | 102 | 0 | 66 | 1,628 | 523 | - | 233 | 1,395 | 1,127 | - | - | - | 1,500 | - | - | - | |
54/58 |
242,917 | 274,026 | 288,756 | 264,406 | 256,946 | 237,433 | 223,881 | 224,901 | 203,103 | 196,943 | 202,772 | 175,292 | 245,760 | 263,420 | 259,565 | 232,901 | 139,471 | 104,697 | 97,505 | 88,066 | |
490/1 |
- | - | - | - | - | - | - | - | - | 713 | 597 | - | 167 | 1,500 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
253,040 | 288,059 | 303,267 | 274,093 | 257,471 | 246,156 | 225,459 | 227,510 | 206,779 | 202,083 | 205,062 | 178,731 | 253,119 | 271,851 | 262,704 | 235,183 | 145,170 | 111,904 | 105,989 | 96,353 | |
10/15 |
115,913 | 121,281 | 129,764 | 123,408 | 113,891 | 105,790 | 89,807 | 83,312 | 74,155 | 68,498 | 74,210 | 69,353 | 70,262 | 75,471 | 79,500 | 70,038 | 62,348 | 53,227 | 42,289 | 36,350 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
13 |
57,467 | 57,467 | 57,467 | 51,112 | 41,594 | 33,494 | 17,511 | 11,016 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
130/1 |
0 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
0 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
57,467 | 55,608 | 55,608 | 49,253 | 39,735 | 31,635 | 15,651 | 9,156 | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
39,853 | 45,222 | 53,704 | 53,704 | 53,704 | 53,704 | 53,704 | 53,704 | 53,704 | 48,047 | 53,759 | 48,902 | 49,811 | 55,020 | 59,049 | 49,587 | 41,896 | 32,775 | 21,838 | 15,899 | |
17/49 |
137,127 | 166,778 | 173,504 | 150,685 | 143,581 | 140,366 | 135,652 | 144,198 | 132,624 | 133,585 | 130,852 | 109,377 | 182,857 | 196,380 | 183,205 | 165,145 | 82,823 | 58,677 | 63,700 | 60,002 | |
42/48 |
137,127 | 166,778 | 165,725 | 145,570 | 138,620 | 135,582 | 130,784 | 139,051 | 132,624 | 133,585 | 130,852 | 109,377 | 182,857 | 196,380 | 183,205 | 165,145 | 81,762 | 58,677 | 63,700 | 58,587 | |
44 |
2,408 | 1,592 | 4,594 | 2,264 | 1,749 | 2,698 | 2,801 | 2,585 | 2,585 | 2,235 | 2,658 | 2,811 | 2,677 | 2,313 | 2,751 | 4,000 | 7,837 | 4,975 | 4,824 | 4,998 | |
440/4 |
2,408 | 1,592 | 4,594 | 2,264 | 1,749 | 2,698 | 2,801 | 2,585 | 2,585 | 2,235 | 2,658 | 2,811 | 2,677 | 2,313 | 2,751 | 4,000 | 7,837 | - | 4,824 | 4,998 | |
441 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,975 | - | - | |
46 |
212 | 12,068 | 10,849 | 0 | 223 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
0 | 4,374 | 10,358 | 9,379 | 10,314 | 12,201 | 7,892 | 10,557 | 6,057 | 4,387 | 4,644 | 4,984 | 41 | 3,998 | 15,205 | 14,318 | 11,318 | 11,623 | 14,018 | 14,943 | |
450/3 |
0 | 4,374 | 10,358 | 9,379 | 10,314 | 12,201 | 7,892 | 10,557 | 6,057 | 4,387 | 4,644 | 4,984 | 41 | 3,998 | 15,205 | 14,318 | 11,318 | 9,612 | 14,018 | 14,943 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,011 | - | - | |
47/48 |
134,507 | 148,744 | 139,924 | 133,928 | 126,334 | 120,683 | 120,091 | 125,910 | 123,982 | 126,963 | 123,550 | 101,582 | 180,139 | 190,069 | 165,249 | 146,827 | 62,608 | 42,079 | 44,859 | 38,646 | |
492/3 |
- | 0 | 7,779 | 5,115 | 4,960 | 4,784 | 4,868 | 5,147 | - | - | - | - | - | - | - | - | 1,060 | - | - | 1,415 | |
| Income statement | |||||||||||||||||||||
9900 |
-4,224 | -7,802 | 19,238 | 21,024 | 18,017 | 30,282 | 17,092 | 22,311 | 13,729 | 4,723 | 15,476 | 12,964 | -3,392 | 10,285 | 27,735 | 22,654 | 21,213 | 24,605 | 18,997 | 46,332 | |
630 |
473 | - | - | - | - | - | - | - | 346 | 849 | 849 | 1,011 | 633 | 591 | 476 | 476 | 53 | 939 | 943 | 1,375 | |
640/8 |
400 | 387 | 384 | 348 | 348 | 348 | 348 | 348 | 482 | 444 | 752 | 1,578 | 620 | 437 | 623 | 828 | 730 | 817 | 994 | 938 | |
9901 |
-5,097 | -8,189 | 18,854 | 20,677 | 17,669 | 29,935 | 16,745 | 21,964 | 12,901 | 3,430 | 13,875 | 10,375 | -4,645 | 9,257 | 26,636 | 21,350 | 20,431 | 22,849 | 17,060 | 44,019 | |
75/76B |
- | 0 | 1 | 30 | 0 | 3 | 0 | - | 6 | - | 37 | 92 | 179 | 271 | 300 | 136 | 237 | 252 | 208 | 180 | |
75 |
- | 0 | 1 | 30 | 0 | 3 | 0 | - | 6 | - | 37 | 92 | 179 | 271 | 300 | 136 | 237 | 252 | 208 | 180 | |
65/66B |
272 | 293 | 8,125 | 5,389 | 5,217 | 5,021 | 5,090 | 5,374 | 1,826 | 6,710 | 5,935 | 8,393 | 712 | 12,185 | 10,470 | 7,477 | 4,754 | 4,902 | 3,210 | 2,488 | |
65 |
272 | 293 | 8,125 | 5,389 | 5,217 | 5,021 | 5,090 | 5,374 | 1,826 | 6,710 | 5,935 | 8,393 | 712 | 12,185 | 10,470 | 7,477 | 4,754 | 4,902 | 3,210 | 2,488 | |
9903 |
-5,369 | -8,482 | 10,730 | 15,318 | 12,453 | 24,917 | 11,655 | 16,590 | 11,081 | -3,280 | 7,977 | 2,074 | -5,178 | -2,657 | 16,467 | 14,009 | 15,914 | 18,198 | 14,058 | 41,710 | |
67/77 |
- | 0 | 4,374 | 5,800 | 4,353 | 8,933 | 5,160 | 7,434 | 5,424 | 2,432 | 3,120 | 2,983 | 31 | 1,372 | 7,005 | 6,318 | 6,792 | 7,261 | 8,119 | 16,319 | |
9904 |
-5,369 | -8,482 | 6,356 | 9,518 | 8,100 | 15,983 | 6,495 | 9,156 | 5,657 | -5,712 | 4,857 | -909 | -5,209 | -4,029 | 9,461 | 7,691 | 9,121 | 10,937 | 5,939 | 25,391 | |
9905 |
-5,369 | -8,482 | 6,356 | 9,518 | 8,100 | 15,983 | 6,495 | 9,156 | 5,657 | -5,712 | 4,857 | -909 | -5,209 | -4,029 | 9,461 | 7,691 | 9,121 | 10,937 | 5,939 | 25,391 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
39,853 | 45,222 | 60,060 | 63,222 | 61,804 | 69,688 | 60,199 | 62,861 | 53,704 | 48,047 | 53,759 | 48,902 | 49,811 | 55,020 | 59,049 | 49,587 | 41,896 | 32,775 | 21,838 | 15,899 | |
14P |
45,222 | 53,704 | 53,704 | 53,704 | 53,704 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | 0 | 6,356 | 9,518 | 8,100 | 15,983 | 6,495 | 9,156 | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
- | 0 | 6,356 | 9,518 | 8,100 | 15,983 | 6,495 | 9,156 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 17 older financial years (1989-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00183880 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00439655 | |
| 31-12-2023 | micro format | 19-07-2024 | 2024-00263707 | |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00199151 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20157887 | |
| 31-12-2020 | micro format | 12-10-2021 | 2021-71700156 | |
| 31-12-2019 | micro format | 24-09-2020 | 2020-55300018 | |
| 31-12-2018 | micro format | 23-07-2019 | 2019-36800497 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-52000048 | |
| 31-12-2016 | micro format | 17-07-2017 | 2017-32600406 | |
| 31-12-2015 | abbreviated format | 24-06-2016 | 2016-22000480 | |
| 31-12-2014 | abbreviated format | 28-07-2015 | 2015-36300292 | |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-51300408 | |
| 31-12-2012 | abbreviated format | 26-07-2013 | 2013-34600569 | |
| 31-12-2011 | abbreviated format | 29-08-2012 | 2012-46700325 | |
| 31-12-2010 | abbreviated format | 24-08-2011 | 2011-42500271 | |
| 31-12-2009 | abbreviated format | 27-08-2010 | 2010-45200020 | |
| 31-12-2008 | abbreviated format | 24-06-2009 | 2009-27100355 | |
| 31-12-2007 | abbreviated format | 28-08-2008 | 2008-63100184 | |
| 31-12-2006 | abbreviated format | 27-09-2007 | 2007-73700112 | |
| 31-12-2005 | abbreviated format | 31-08-2006 | 2006-74500652 | |
| 31-12-2004 | abbreviated format | 07-07-2005 | 2005-44703439 | |
| 31-12-2003 | abbreviated format | 16-07-2004 | 2004-47000343 | |
| 31-12-2002 | abbreviated format | 10-07-2003 | 2003-42501279 | |
| 31-12-2001 | abbreviated format | 22-07-2002 | 2002-40204222 | |
| 31-12-2000 | abbreviated format | 17-07-2001 | 2001-39103080 | |
| 31-12-1999 | abbreviated format | 10-07-2000 | 2000-39404820 | |
| 31-12-1998 | abbreviated format | 14-07-1999 | 1999-33402381 | |
| 31-12-1997 | abbreviated format | 27-07-1998 | 1998-36402910 | |
| 31-12-1996 | abbreviated format | 11-07-1997 | 1997-29500857 | |
| 31-12-1995 | abbreviated format | 19-07-1996 | 1996-35202578 | |
| 31-12-1994 | abbreviated format | 02-08-1995 | 1995-43902826 | |
| 31-12-1993 | abbreviated format | 18-07-1994 | 1994-30703729 | |
| 31-12-1992 | abbreviated format | 14-07-1993 | 1993-26104361 | |
| 31-12-1991 | abbreviated format | 14-08-1992 | 1992-28500019 | |
| 31-12-1990 | abbreviated format | 04-07-1991 | 1991-15800396 | |
| 31-12-1989 | abbreviated format | 11-07-1990 | 1990-16904217 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -4,624 | - | - | - | - | - | - | - | 13,247 | 4,279 | 14,724 | 11,386 | -4,012 | 9,849 | 27,112 | 21,826 | 20,483 | 23,788 | 18,003 | 45,394 | ||
| -4,896 | - | - | - | - | - | - | - | 6,003 | -4,863 | 5,706 | 103 | -4,576 | -3,438 | 9,937 | 8,166 | 9,174 | 11,877 | 6,882 | 26,766 | ||
| 3,638 | - | - | - | - | - | - | - | 0 | 0 | -0 | 1,164 | 1,729 | 2,878 | 0 | 1,761 | 0 | 0 | 0 | 2,660 | ||
| -31,109 | -14,731 | 24,350 | 7,460 | 19,514 | 13,552 | -1,020 | 21,799 | 6,159 | -5,829 | 27,480 | -70,468 | -17,660 | 3,854 | 26,664 | 93,430 | 34,774 | 7,192 | 9,439 | - | ||
| 112,748 | 121,281 | 137,542 | 128,523 | 118,851 | 110,574 | 94,675 | 88,459 | 74,155 | 68,152 | 73,015 | 67,309 | 66,070 | 72,375 | 78,690 | 68,753 | 63,408 | 53,174 | 41,297 | 35,831 | ||
| 45.8% | 42.1% | 42.8% | 45.0% | 44.2% | 43.0% | 39.8% | 36.6% | 35.9% | 33.9% | 36.2% | 38.8% | 27.8% | 27.8% | 30.3% | 29.8% | 42.9% | 47.6% | 39.9% | 37.7% | ||
| 1.82 | 1.73 | 1.83 | 1.88 | 1.86 | 1.82 | 1.72 | 1.64 | 1.56 | 1.51 | 1.56 | 1.62 | 1.36 | 1.37 | 1.43 | 1.42 | 1.78 | 1.91 | 1.65 | 1.61 | ||
| 1.18 | 1.38 | 1.34 | 1.22 | 1.26 | 1.33 | 1.51 | 1.73 | 1.79 | 1.95 | 1.76 | 1.58 | 2.60 | 2.60 | 2.30 | 2.36 | 1.33 | 1.10 | 1.51 | 1.65 | ||
| -4.6% | -7.0% | 4.9% | 7.7% | 7.1% | 15.1% | 7.2% | 11.0% | 7.6% | -8.3% | 6.5% | -1.3% | -7.4% | -5.3% | 11.9% | 11.0% | 14.6% | 20.5% | 14.0% | 69.9% | ||
| -2.1% | -2.9% | 2.1% | 3.5% | 3.1% | 6.5% | 2.9% | 4.0% | 2.7% | -2.8% | 2.4% | -0.5% | -2.1% | -1.5% | 3.6% | 3.3% | 6.3% | 9.8% | 5.6% | 26.4% | ||
| -17.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,638 | - | - | - | - |
| €473 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MAX ! CREATIVE SERVICES
The operating result for 2025 is a loss of €5,097, smaller than the loss of €8,189 in 2024.
Debt's share of the balance-sheet total falls from 57.9% to 54.2%. Equity and debt are lower.