Financials
- Fiscal year
- 2024
- Total assets
- €212,546
- Loss
- -€3,097
- Solvency
- -179.8%
Total assets▼ 0.4%
Net result
20182024
MAX RENOVATION
ActiveSummary
The computed 12-month bankruptcy probability of MAX RENOVATION is 2.4% (moderate). The 2024 annual accounts show negative equity (-€382,053) and a net result of -€3,097. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 5% of 36399 sector peers (fiscal year 2024). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Insulation installation
NACE 43230NACE 43291NACE 45320
1 site
Size
€212,546total assets 2024
- Equity
- -€382,053
- Loss
- -€3,097
Turnover not published (abridged schema)
Structure
Accounts 67 d overdue0 of 8 deeds read
Why 51- Figures for FY 2024 (filed 30-07-2025)- Negative equity -€382,053+ Founded in 1994+ Size: total assets €212,546Show the evidence
Checked score
Score 2024
51
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 19% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
0=
equity -179.8% of total assets
Liquidity
16-1
short-term debt 279.8% · cash 12.9%
Profitability
67-11
return on assets -1.5%
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.7%highest value
12-2024: 2.7%● 0.0% vs 11-2024highest value
01-2025: 2.7%● 0.0% vs 12-2024highest value
02-2025: 2.7%● 0.0% vs 01-2025highest value
03-2025: 1.2%▼ -55.6% vs 02-2025
04-2025: 1.2%● 0.0% vs 03-2025
05-2025: 1.2%▼ -0.4% vs 04-2025
06-2025: 1.1%▼ -5.1% vs 05-2025lowest value
07-2025: 1.3%▲ +14.7% vs 06-2025
08-2025: 1.5%▲ +15.1% vs 07-2025
09-2025: 1.5%● 0.0% vs 08-2025
10-2025: 1.5%● 0.0% vs 09-2025
11-2025: 1.5%● 0.0% vs 10-2025
12-2025: 1.5%● 0.0% vs 11-2025
01-2026: 1.5%▼ -1.0% vs 12-2025
02-2026: 1.5%● 0.0% vs 01-2026
03-2026: 1.4%▼ -3.5% vs 02-2026
04-2026: 1.4%● 0.0% vs 03-2026
05-2026: 1.3%▼ -6.1% vs 04-2026
06-2026: 1.3%▼ -4.2% vs 05-2026
07-2026: 1.4%▲ +11.3% vs 06-2026
08-2026: 2.1%▲ +43.4% vs 07-2026
09-2026: 2.3%▲ +11.6% vs 08-2026
10-2026: 2.4%▲ +3.0% vs 09-2026
- Figures for FY 2024 (filed 30-07-2025) raises the probability
- Founded in 1994 lowers the probability for this profile
- Negative equity -€382,053 raises the probability
- Size: total assets €212,546 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.32 against 0.34 in 2023; short-term debt: 279.8% and cash: 12.9% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 3%, liquidity 9%, profitability 33%, growth against the median 33%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€382,053
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
57 d late
2022
67 d late
2021
18 d early
2020
86 d late
2019
132 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 54 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Highest result since 2018net €16,329 ▲2,049%
Key points
By topic
Timeline
- Events
- 14
- Since
- 2016
- 30-07-2025Annual accounts filed
- 26-09-2024Annual accounts filed
- 31-12-2023Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Insulation installationNACE 43230
- Founded
- 04-10-1994
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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