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MAX & NAT

Active
Private limited companyfounded 20251 yr activeRue Sainte-Anne 67, 1300 Wavre, BelgiumKBO/BCE: BE 1019.545.026
Summary

The computed 12-month bankruptcy probability of MAX & NAT is 1.9% (moderate). The 2025 annual accounts show equity of €12,014 and a net result of €4,014. Its solvency ranks better than 48% of 18458 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability82
Solvency56
Growth-
Track record67
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.03; short-term debt: 68.6% and cash: 56% of total assets), and 68.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
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

MAX & NAT was incorporated on 3 February 2025 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

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

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Financials · fiscal year 2025, micro schema

Equity
€12,014
Total assets
€38,207
Net result
€4,014
Working capital
€805

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €38,207
Fixed assets €11,208
Current assets €26,998
Equity and liabilities €38,207
Equity €12,014
Debt €26,193
Debt finances 68.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€8,559
Cash flow
€6,488
Current ratio
1.03
Quick ratio
0.83
Debt to equity
2.18
ROE
33.4%
ROA
10.5%
Interest coverage
33.74
Debt ≤ 1 year
€26,193
Income taxes
€1,858

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

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

For this company itself Checked computes a higher bankruptcy probability: 1.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 11,279 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 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€38,207
Fixed assets21/28€11,208
Tangible fixed assets22/27€11,208
Furniture and vehicles24€11,208
Current assets29/58€26,998
Stocks and contracts in progress3€5,263
Stocks30/36€5,263
Amounts receivable within one year40/41€237
Trade receivables40€195
Other amounts receivable41€42
Current investments50/53€100
Cash at bank and in hand54/58€21,398
Equity and liabilities
Total equity and liabilities10/49€38,207
Equity10/15€12,014
Contributions10/11€8,000
Profit (loss) carried forward14€4,014
Amounts payable17/49€26,193
Amounts payable within one year42/48€26,193
Trade debts44€21,818
Suppliers440/4€21,818
Taxes, remuneration and social security45€3,489
Taxes450/3€2,381
Remuneration and social security454/9€1,108
Other amounts payable47/48€886
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,474
Other operating charges640/8€1,440
Gross operating margin9900€9,999
Operating profit (loss)9901€6,085
Financial income75/76B€40
Recurring financial income75€40
Financial charges65/66B€254
Recurring financial charges65€254
Profit (loss) for the period before taxes9903€5,871
Income taxes67/77€1,858
Profit (loss) for the period9904€4,014
Profit (loss) for the period to be appropriated9905€4,014
Appropriation of the result
Profit (loss) to be appropriated9906€4,014

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,474
Other operating charges640/8€1,440
Gross operating margin9900€9,999
Operating profit (loss)9901€6,085
Financial income75/76B€40
Recurring financial income75€40
Financial charges65/66B€254
Recurring financial charges65€254
Profit (loss) for the period before taxes9903€5,871
Income taxes67/77€1,858
Profit (loss) for the period9904€4,014
Profit (loss) for the period to be appropriated9905€4,014
Line2025
Assets
Total assets20/58€38,207
Fixed assets21/28€11,208
Tangible fixed assets22/27€11,208
Furniture and vehicles24€11,208
Current assets29/58€26,998
Stocks and contracts in progress3€5,263
Stocks30/36€5,263
Amounts receivable within one year40/41€237
Trade receivables40€195
Other amounts receivable41€42
Current investments50/53€100
Cash at bank and in hand54/58€21,398
Equity and liabilities
Total equity and liabilities10/49€38,207
Equity10/15€12,014
Contributions10/11€8,000
Profit (loss) carried forward14€4,014
Amounts payable17/49€26,193
Amounts payable within one year42/48€26,193
Trade debts44€21,818
Suppliers440/4€21,818
Taxes, remuneration and social security45€3,489
Taxes450/3€2,381
Remuneration and social security454/9€1,108
Other amounts payable47/48€886
Line2025
Profit (loss) for the period9904€4,014
+ Depreciation and write-downs630€2,474
Operating cash flow (approximation)€6,488

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

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Wavre · 2 establishment units since 2025
seat establishment All 2 establishment units on the map
Ground area
104 m²
Building footprint
81 m²
Volume, LiDAR
521 m³
2 parcels, Wallonia · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
2 establishment units
MAX & NAT
Rue des Combattants 26, 1310 La HulpeWholesale trade
since 20252.370.215.883
MAX & NAT
Rue Sainte-Anne 67, 1300 WavreWholesale trade
since 20252.370.215.982
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25050B0432/00B002 Wallonia 61 m² 1 · 49 m² 12.7 m · 4 fl.
25112L0042/00B005 Wallonia 43 m² 1 · 33 m² -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 504 companies in sector 47713 we hold annual accounts for 195. 123 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
Founded03-02-2025
Fiscal year end31-12
Activities, NACEBEL 2025
47713Retail trade
46419Wholesale trade
46424Wholesale trade
46425Wholesale trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID 0208:1019545026
Also 9925:BE1019545026
Registered 14-04-2025

Register as of 26 September 2026 · Peppol Directory

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