MAX PAVAGE
The computed 12-month bankruptcy probability of MAX PAVAGE is 2.3% (moderate). The 2025 annual accounts show equity of €56k and a net result of €34k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 2857 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €56k |
| Net result | €34k |
| Staff (FTE) | 4.8 |
| Better than sector | 20% |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 16.6% | 43.4% | |
| Net result | €34k | €14k | |
| Equity | €56k | €44k | |
| Gross operating margin | €350k | €39k | |
| Staff costs | €235k | €30k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €112k |
| Net profit | €34k |
| Cash flow | €110k |
| Staff costs | €235k |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €337k |
| Equity | €56k |
| Debt | €281k |
| of which ≤ 1y | €141k |
| of which > 1y | €141k |
| Working capital | €-11k |
| Employees (FTE) | 4.8 |
| 2025 | |
|---|---|
| Current ratio | 0.92 |
| Quick ratio | 0.92 |
| Working capital ratio | -3.4% |
| Solvency | 16.6% |
| Debt / equity | 5.03 |
| Long-term debt ratio | 2.51 |
| Interest coverage | 16.00 |
| Gross margin | - |
| Net margin | - |
| ROA | 10.1% |
| ROE | 60.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €337k |
| Fixed assets | 21/28 | €208k |
| Tangible fixed assets | 22/27 | €208k |
| Financial fixed assets | 28 | €335 |
| Current assets | 29/58 | €129k |
| Amounts receivable within one year | 40/41 | €103k |
| Cash & bank | 54/58 | €26k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €337k |
| Equity | 10/15 | €56k |
| Contributions / capital | 10/11 | €10k |
| Reserves | 13 | €44k |
| Accumulated profits (losses) | 14 | €845 |
| Amounts payable | 17/49 | €281k |
| Amounts payable after one year | 17 | €141k |
| Amounts payable within one year | 42/48 | €141k |
| Trade debts payable within one year | 44 | €49k |
| Income statement | ||
| Gross operating margin | 9900 | €350k |
| Operating result | 9901 | €36k |
| Financial income | 75 | €5k |
| Financial charges | 65 | €7k |
| Result before taxes | 9903 | €34k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €34k |
| Result to be appropriated | 9905 | €34k |
| NACE primary | Specialised construction(43350) |
| Legal form | Private limited company(610) |
| Incorporation | 10-05-2021 |
| Status | Active |
| Postal code | 4841 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63032C0152/00B000 | Wallonia | 1,810 m² | 1 · 346 m² | 10.9 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
06-10-2025 Articles of association amended, translation of the articles, coordination of the articles and amendment of specific articles
Technical details
{
"notary": {
"name": "G\u00E9raldine FRANCK",
"firm_city": null,
"firm_name": null,
"office_city": "Plombi\u00E8res",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-10-06",
"filing_date": "2025-10-02",
"act_kind_objet": "OBJET, STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS)"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2025-10-01",
"unanimous": true
},
"statute_change": {
"kinds": [
"translation",
"coordination",
"targeted_amendment",
"object_change"
],
"scope": "targeted_articles",
"trigger": "object_change_consequence",
"language_after": "fr",
"language_before": "nl"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0768.257.519",
"name_full_after": "MAX PAVAGE",
"legal_form_after": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e",
"name_full_before": "MAX PAVAGE",
"current_zetel_raw": "Rue Saint-Paul 243 4841 Welkenraedt",
"legal_form_before": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e"
},
"special_mandates": [],
"articles_modified": [
{
"summary": "L\u0027article 3 des statuts a \u00E9t\u00E9 modifi\u00E9 pour ajouter l\u0027activit\u00E9 de transport routier de fret \u00E0 l\u0027objet de la soci\u00E9t\u00E9.",
"new_text": "\u00AB ARTICLE 3\nLa soci\u00E9t\u00E9 a pour objet, tant en Belgique qu\u2019\u00E0 l\u2019\u00E9tranger, soit seule ou en participation avec d\u2019\nautres, soit pour son propre compte ou pour le compte de tiers toutes activit\u00E9s de pr\u00E9paration de\nsites et de chantiers, travaux de pavage, de terrassement, de ma\u00E7onnerie, de d\u00E9molition, de\nrejointoiement\nLa soci\u00E9t\u00E9 a \u00E9galement comme activit\u00E9 :\n\u2022 Les services d\u2019am\u00E9nagements paysager (Code ",
"change_kind": "amended",
"article_title": null,
"article_number": "3"
}
],
"governance_change": null,
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "G\u00E9raldine FRANCK",
"org_rep_person_name": null
},
"co_filed_documents": [
"une exp\u00E9dition de l\u0027acte",
"les statuts coordonn\u00E9s"
],
"shareholder_rights": null,
"voorwerp_change_summary": "L\u0027objet de la soci\u00E9t\u00E9 a \u00E9t\u00E9 modifi\u00E9 par l\u0027ajout de l\u0027activit\u00E9 de transport routier de fret, ce qui a entra\u00EEn\u00E9 une modification de l\u0027article 3 des statuts pour inclure cette nouvelle activit\u00E9.",
"capital_structure_change": null,
"coordinated_text_lineage": null
}04-03-2022 Registered office moved from Henri-Chapelle to Gemmenich
- rue Saint Paul 243 à 4841 Henri- → Rue du Sablon 13E 4851 Gemmenich
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Rue du Sablon 13E 4851 Gemmenich",
"city": "Gemmenich",
"region": "waals_gewest",
"street": "du Sablon",
"country": "BE",
"postcode": "4851",
"box_number": null,
"street_number": "13E",
"locality_suffix": null
},
"old_address": {
"raw": "rue Saint Paul 243 \u00E0 4841 Henri-",
"city": "Henri-Chapelle",
"region": "waals_gewest",
"street": "Saint Paul",
"country": "BE",
"postcode": "4841",
"box_number": null,
"street_number": "243",
"locality_suffix": null
},
"effective_date": "2022-02-25",
"evidence_quote": "Il est d\u00E9cid\u00E9 \u00E0 l\u0027unanimit\u00E9 de transf\u00E9rer le si\u00E8ge social de la soci\u00E9t\u00E9 rue Saint Paul 243 \u00E0 4841 Henri-",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "MAX PAVAGE",
"firm_city": null,
"firm_name": null,
"office_city": "Li\u00E8ge",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2022-03-04",
"filing_date": null,
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2022-02-07",
"unanimous": true
},
"subject_company": {
"kbo": "0768.257.519",
"name_full": "RIDUNAL DET",
"legal_form": "SRL",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Maxim Hendriks",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur"
},
"co_filed_documents": [
"Extrait pv AGE du 07/02/2022"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | MAX PAVAGE |