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Max Holding

Active
Private limited company (pre-2019)founded 20179 yrs activeRue du Mont des Carliers(BL) 12, 7522 Tournai, BelgiumKBO/BCE: BE 0680.694.827
Summary

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 €21,545 and a net result of €29,813. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 31958 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 €1,500 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.
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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 2025
Solvency, return and age of the figures
Solvency
21.5%
Return on assets
29.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 31958 sector peers (2025).
NBB · sector comparison
Position among 31958 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 filings
Deviation 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 →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

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. Usually files around 24 August (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 September 2017, Max Holding was incorporated.1 Total assets went from EUR 71,124 in 2018 to EUR 100,098 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€29,813▲ 2,603%
2024 · €1,103
Working capital
€51,561▼ 40.7%
2024 · €86,958
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€2,418-€12,427▼ 414%€802-€1,236€30,728
Net result-€5,663below the sector's middle half-€13,606below the sector's middle half▼ 140%€160below the sector's middle half€1,103below the sector's middle half▲ 588%€29,813within the sector's middle half▲ 2,603%
Equity€4,075below the sector's middle half▼ 58.2%-€9,531below the sector's middle half-€9,371below the sector's middle half▲ 1.7%-€8,268below the sector's middle half▲ 11.8%€21,545within the sector's middle half
Total assets€55,176below the sector's middle half▼ 42.1%€50,681below the sector's middle half▼ 8.1%€78,292below the sector's middle half▲ 54.5%€126,679within the sector's middle half▲ 61.8%€100,098within the sector's middle half▼ 21.0%
Debt€51,101▼ 40.3%€60,212▲ 17.8%€87,663▲ 45.6%€134,947▲ 53.9%€78,553▼ 41.8%
Working capital-€7,256below the sector's middle half€8,854within the sector's middle half€36,721within the sector's middle half▲ 315%€86,958within the sector's middle half▲ 137%€51,561within the sector's middle half▼ 40.7%
Solvency7.4%below the sector's middle half▼ 2.8pp-18.8%below the sector's middle half▼ 26.2pp-12.0%below the sector's middle half▲ 6.8pp-6.5%below the sector's middle half▲ 5.4pp21.5%below the sector's middle half▲ 28.1pp
Current ratio0.71below the sector's middle half▼ 0.722.04within the sector's middle half▲ 1.335.46above the sector's middle half▲ 3.4214.64above the sector's middle half▲ 9.173.84within the sector's middle half▼ 10.80
Return on assets (ROA)-10.3%below the sector's middle half▼ 12.7pp-26.8%below the sector's middle half▼ 16.6pp0.2%below the sector's middle half▲ 27.1pp0.9%below the sector's middle half▲ 0.7pp29.8%within the sector's middle half▲ 28.9pp
Staff (FTE)1
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2021: -€2,418-€2,418Net result 2021: -€5,663-€5,663Operating result 2022: -€12,427-€12,427Net result 2022: -€13,606-€13,606Operating result 2023: €802€802Net result 2023: €160€160Operating result 2024: -€1,236-€1,236Net result 2024: €1,103€1,103Operating result 2025: €30,728€30,728Net result 2025: €29,813€29,81320212022202320242025-€10,000€0€10,000€20,000€30,000Operating result 2023: €802€802Net result 2023: €160€160Operating result 2024: -€1,236-€1,240Net result 2024: €1,103€1,100Operating result 2025: €30,728€30,700Net result 2025: €29,813€29,800202320242025
The operating result returns to profit in 2025: €30,728 after a loss of €1,236 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €100,098
Fixed assets €30,364 ▼ 8.9%
Current assets €69,734 ▼ 25.3%
Equity and liabilities €100,098
Equity €21,545
Debt €78,553
Debt finances 78.5% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
Debt to equity
3.65▲
2024 · -16.32
ROE
138.4%
Debt ≤ 1 year
€18,172▲
2024 · €6,377
Debt > 1 year
€60,380▼
2024 · €128,570
Income taxes
€3,618
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
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% 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 6,713 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€126,679€100,098▼
Fixed assets21/28€33,344€30,364▼
Financial fixed assets28€33,344€30,364▼
Current assets29/58€93,335€69,734▼
Amounts receivable within one year40/41€93,335€69,734▼
Trade receivables40€24,000€0▼
Other amounts receivable41€69,335€69,734▲
Equity and liabilities
Total equity and liabilities10/49€126,679€100,098▼
Equity10/15-€8,268€21,545▲
Contributions10/11€12,400€12,400=
Profit (loss) carried forward14-€20,668€9,145▲
Amounts payable17/49€134,947€78,553▼
Amounts payable after more than one year17€128,570€60,380▼
Other amounts payable178/9€128,570€60,380▼
Amounts payable within one year42/48€6,377€18,172▲
Financial debts43€4,792€5,090▲
Credit institutions430/8€4,792€5,090▲
Trade debts44€984€1,003▲
Suppliers440/4€984€1,003▲
Taxes, remuneration and social security45€601€12,079▲
Taxes450/3€601€12,079▲
Income statement Code20242025
Other operating charges640/8€2,240€689▼
Gross operating margin9900€1,004€31,418▲
Operating profit (loss)9901-€1,236€30,728▲
Financial income75/76B€3,185€3,370▲
Recurring financial income75€3,185€3,370▲
Financial charges65/66B€846€668▼
Recurring financial charges65€846€668▼
Profit (loss) for the period before taxes9903€1,103€33,431▲
Income taxes67/77-€3,618
Profit (loss) for the period9904€1,103€29,813▲
Profit (loss) for the period to be appropriated9905€1,103€29,813▲
Appropriation of the result
Profit (loss) to be appropriated9906-€20,668€9,145▲
Profit (loss) brought forward from the previous period14P-€21,771-€20,668▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€3,360€6,738----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,099-----
Other operating charges640/8---€2,240€689▼ 69.2%
Non-recurring operating charges66A-€5,303----
Gross operating margin9900€7,041-€385€802€1,004€31,418▲ 3,029%
Operating profit (loss)9901-€2,418-€12,427€802-€1,236€30,728▲ 2,586%
Financial income75/76B---€3,185€3,370▲ 5.8%
Recurring financial income75---€3,185€3,370▲ 5.8%
Financial charges65/66B€3,245€1,997€642€846€668▼ 21.1%
Recurring financial charges65€3,245€1,997€642€846€668▼ 21.1%
Profit (loss) for the period before taxes9903-€5,663-€14,423€160€1,103€33,431▲ 2,931%
Income taxes67/77--€818--€3,618-
Profit (loss) for the period9904-€5,663-€13,606€160€1,103€29,813▲ 2,603%
Profit (loss) for the period to be appropriated9905-€5,663-€13,606€160€1,103€29,813▲ 2,603%
Line20212022202320242025Change
Assets
Total assets20/58€55,176€50,681€78,292€126,679€100,098▼ 21.0%
Fixed assets21/28€37,455€33,344€33,344€33,344€30,364▼ 8.9%
Tangible fixed assets22/27€4,111-----
Land and buildings22€4,111-----
Financial fixed assets28€33,344€33,344€33,344€33,344€30,364▼ 8.9%
Current assets29/58€17,721€17,337€44,948€93,335€69,734▼ 25.3%
Amounts receivable within one year40/41€17,721€17,337€44,948€93,335€69,734▼ 25.3%
Trade receivables40€14,337€14,337-€24,000€0▼ 100%
Other amounts receivable41€3,384€3,000€44,948€69,335€69,734▲ 0.6%
Equity and liabilities
Total equity and liabilities10/49€55,176€50,681€78,292€126,679€100,098▼ 21.0%
Equity10/15€4,075-€9,531-€9,371-€8,268€21,545▲ 361%
Contributions10/11€12,400€12,400€12,400€12,400€12,400=
Profit (loss) carried forward14-€8,325-€21,931-€21,771-€20,668€9,145▲ 144%
Amounts payable17/49€51,101€60,212€87,663€134,947€78,553▼ 41.8%
Amounts payable after more than one year17€26,124€51,729€79,436€128,570€60,380▼ 53.0%
Financial debts170/4€6,472-----
Other amounts payable178/9€19,652€51,729€79,436€128,570€60,380▼ 53.0%
Amounts payable within one year42/48€24,978€8,483€8,227€6,377€18,172▲ 185%
Current portion of amounts payable after more than one year42€6,098-----
Financial debts43€4,630€4,523€4,615€4,792€5,090▲ 6.2%
Credit institutions430/8€4,630€4,523€4,615€4,792€5,090▲ 6.2%
Trade debts44€750--€984€1,003▲ 2.0%
Suppliers440/4€750--€984€1,003▲ 2.0%
Taxes, remuneration and social security45€13,452€3,960€3,612€601€12,079▲ 1,910%
Taxes450/3€12,712€2,450€3,612€601€12,079▲ 1,910%
Remuneration and social security454/9€740€1,509----
Other amounts payable47/48€48-----
Line20212022202320242025Change
Profit (loss) for the period9904-€5,663-€13,606€160€1,103€29,813▲ 2,603%
+ Depreciation and write-downs630€6,099-----
Operating cash flow (approximation)€436-€13,606€160€1,103€29,813▲ 2,603%
Investment in fixed assets (approximation)-€4,111€0-€0€2,980▲ 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.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial Highest result since 2018net €29,813 ▲2,603%
Operating result €30,728, net result €29,813, 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 €8,227 to €6,377.
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 €8,483 to €8,227.
01-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial Weakest financial yearnet -€13,606
Net result drops to -€13,606, 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 €24,978 to €8,483.
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 €69,018 to €38,314.
15-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Back to profitnet €3,072
Net result €3,072 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
seat establishment The establishment unit on the map
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
Rue du Mont des Carliers(BL) 12, 7522 TournaiHoldings
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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 1

According to the 2025 annual accounts of Max Holding and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 31,393 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
E-invoicing
Reachable via Peppol
Peppol ID 0208:0680694827
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.