Max Holding
ActiveSummary
Max Holding has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €30k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+60
Solvency47▲+29
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 3.84 against 14.64 in 2024; short-term debt: 18.2% of total assets), but 78.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.5%
Return on assets
29.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 8 filingsDeviation from the deadline
2025
24 d late
2024
42 d early
2023
49 d late
2022
1 d late
2021
59 d late
2020
46 d early
2019
46 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€30k▲ 2,603%
2024 · €1k
Working capital
€52k▼ 40.7%
2024 · €87k
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
Line20212022202320242025
Operating result€-2k€-12k▼ 414%€802€-1k€31k
Net result€-6k€-14k▼ 140%€160€1k▲ 588%€30k▲ 2,603%
Equity€4k▼ 58.2%€-10k€-9k▲ 1.7%€-8k▲ 11.8%€22k
Total assets€55k▼ 42.1%€51k▼ 8.1%€78k▲ 54.5%€127k▲ 61.8%€100k▼ 21.0%
Debt€51k▼ 40.3%€60k▲ 17.8%€88k▲ 45.6%€135k▲ 53.9%€79k▼ 41.8%
Working capital€-7k€9k€37k▲ 315%€87k▲ 137%€52k▼ 40.7%
Staff (FTE)1
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €31k after a loss of €1k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €100k
Fixed assets
€30k ▼ 8.9%
Current assets
€70k ▼ 25.3%
Equity and liabilities €100k
Equity
€22k
Debt
€79k
Debt finances 78.5% of the balance-sheet total.
Key figures and ratios
Current ratio
3.84▼
2024 · 14.64
Debt to equity
3.65▲
2024 · -16.32
ROE
138.4%
ROA
29.8%▲
2024 · 0.9%
Debt ≤ 1 year
€18k▲
2024 · €6k
Debt > 1 year
€60k▼
2024 · €129k
Income taxes
€4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €3k | €7k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €2k | €689 | ▼ 69.2% |
| Non-recurring operating charges66A | - | €5k | - | - | - | - |
| Gross operating margin9900 | €7k | €-385 | €802 | €1k | €31k | ▲ 3,029% |
| Operating profit (loss)9901 | €-2k | €-12k | €802 | €-1k | €31k | ▲ 2,586% |
| Financial income75/76B | - | - | - | €3k | €3k | ▲ 5.8% |
| Recurring financial income75 | - | - | - | €3k | €3k | ▲ 5.8% |
| Financial charges65/66B | €3k | €2k | €642 | €846 | €668 | ▼ 21.1% |
| Recurring financial charges65 | €3k | €2k | €642 | €846 | €668 | ▼ 21.1% |
| Profit (loss) for the period before taxes9903 | €-6k | €-14k | €160 | €1k | €33k | ▲ 2,931% |
| Income taxes67/77 | - | €-818 | - | - | €4k | - |
| Profit (loss) for the period9904 | €-6k | €-14k | €160 | €1k | €30k | ▲ 2,603% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-14k | €160 | €1k | €30k | ▲ 2,603% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55k | €51k | €78k | €127k | €100k | ▼ 21.0% |
| Fixed assets21/28 | €37k | €33k | €33k | €33k | €30k | ▼ 8.9% |
| Tangible fixed assets22/27 | €4k | - | - | - | - | - |
| Land and buildings22 | €4k | - | - | - | - | - |
| Financial fixed assets28 | €33k | €33k | €33k | €33k | €30k | ▼ 8.9% |
| Current assets29/58 | €18k | €17k | €45k | €93k | €70k | ▼ 25.3% |
| Amounts receivable within one year40/41 | €18k | €17k | €45k | €93k | €70k | ▼ 25.3% |
| Trade receivables40 | €14k | €14k | - | €24k | €0 | ▼ 100% |
| Other amounts receivable41 | €3k | €3k | €45k | €69k | €70k | ▲ 0.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55k | €51k | €78k | €127k | €100k | ▼ 21.0% |
| Equity10/15 | €4k | €-10k | €-9k | €-8k | €22k | ▲ 361% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Profit (loss) carried forward14 | €-8k | €-22k | €-22k | €-21k | €9k | ▲ 144% |
| Amounts payable17/49 | €51k | €60k | €88k | €135k | €79k | ▼ 41.8% |
| Amounts payable after more than one year17 | €26k | €52k | €79k | €129k | €60k | ▼ 53.0% |
| Financial debts170/4 | €6k | - | - | - | - | - |
| Other amounts payable178/9 | €20k | €52k | €79k | €129k | €60k | ▼ 53.0% |
| Amounts payable within one year42/48 | €25k | €8k | €8k | €6k | €18k | ▲ 185% |
| Current portion of amounts payable after more than one year42 | €6k | - | - | - | - | - |
| Financial debts43 | €5k | €5k | €5k | €5k | €5k | ▲ 6.2% |
| Credit institutions430/8 | €5k | €5k | €5k | €5k | €5k | ▲ 6.2% |
| Trade debts44 | €750 | - | - | €984 | €1k | ▲ 2.0% |
| Suppliers440/4 | €750 | - | - | €984 | €1k | ▲ 2.0% |
| Taxes, remuneration and social security45 | €13k | €4k | €4k | €601 | €12k | ▲ 1,910% |
| Taxes450/3 | €13k | €2k | €4k | €601 | €12k | ▲ 1,910% |
| Remuneration and social security454/9 | €740 | €2k | - | - | - | - |
| Other amounts payable47/48 | €48 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €-14k | €160 | €1k | €30k | ▲ 2,603% |
| + Depreciation and write-downs630 | €6k | - | - | - | - | - |
| Operating cash flow (approximation) | €436 | €-14k | €160 | €1k | €30k | ▲ 2,603% |
| Investment in fixed assets (approximation) | - | €4k | €0 | €0 | €3k | ▲ 29,800,200% |
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
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Highest result since 2018net €30k ▲2,603%
Operating result €31k, net result €30k, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 14.64
Current ratio from 5.46 to 14.64; short-term debt falls from €8k to €6k.
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-12
Financial
Back to profitnet €160
Net result €160 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 5.46
Current ratio from 2.04 to 5.46; short-term debt falls from €8k to €8k.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 2.04
Current ratio from 0.71 to 2.04; short-term debt falls from €25k to €8k.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
31-12
Financial
Liquidity doublescurrent ratio 1.43
Current ratio from 0.70 to 1.43; short-term debt falls from €69k to €38k.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tournai · 1 establishment unit since 2017
Ground area
5,290 m²
Building footprint
869 m²
Volume, LiDAR
5,145 m³
Parcel 57008D0516/00X000, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Max Holding
since 20172.267.827.435
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57008D0516/00X000 | Wallonia | 5,290 m² | 1 · 869 m² | 7.3 m · 2 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 31,367 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.