Max Sporthorses
ActiveMax Sporthorses has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €1k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 77% of 3102 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+6
Solvency91▼-9
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.66 against 11.05 in 2024; short-term debt: 34.4% and cash: 17.7% of total assets), and 34.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
65.6%
Return on assets
2.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
8 d early
2024
44 d early
2023
49 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€37k▲ 4.2%
2024 · €36k
2023: €31k
2024: €36k
2023 → 2025
Total assets
€56k▲ 44.5%
2024 · €39k
2023: €33k
2024: €39k
2023 → 2025
Net result
€1k▼ 66.3%
2024 · €4k
2023: €-5k
2024: €4k
2023 → 2025
Working capital
€32k▼ 9.4%
2024 · €36k
2023: €31k
2024: €36k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€31k-€36k▲ 14.2%€37k▲ 4.2%
Operating result€-5k-€5k€2k▼ 60.0%
Net result€-5k-€4k€1k▼ 66.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56k
Fixed assets
€5k
Current assets
€52k
Equity and liabilities €56k
Equity
€37k▲ 4.2%
Debt
€19k▲ 450%
The debt ratio rises from 9.0% to 34.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3k
Cash flow
€2k
Solvency
65.6%▼
2024 · 91.0%
Current ratio
2.66▼
2024 · 11.05
Quick ratio
1.14▼
2024 · 5.24
Debt / equity
0.53▲
2024 · 0.10
ROE
4.0%▼
2024 · 12.4%
ROA
2.6%▼
2024 · 11.3%
Interest coverage
14.61
Debt
€19k▲
2024 · €4k
Debt ≤ 1 year
€19k▲
2024 · €4k
Income taxes
€170
Staff costs
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€39k€56k▲
Fixed assets21/28-€5k
Tangible fixed assets22/27-€5k
Plant, machinery and equipment23-€5k
Current assets29/58€39k€52k▲
Stocks and contracts in progress3€21k€29k▲
Stocks30/36€21k€29k▲
Amounts receivable within one year40/41€675€3k▲
Trade receivables40-€3k
Other amounts receivable41€675€0▼
Cash at bank and in hand54/58€18k€10k▼
Deferred charges and accrued income490/1€3€9k▲
Equity and liabilities
Total equity and liabilities10/49€39k€56k▲
Equity10/15€36k€37k▲
Contributions10/11€36k€36k=
Reserves13-€1k
Distributable reserves133-€1k
Profit (loss) carried forward14€-459€0▲
Amounts payable17/49€4k€19k▲
Amounts payable within one year42/48€4k€19k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45-€535
Taxes450/3-€535
Other amounts payable47/48€531€17k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€797
Other operating charges640/8€889€737▼
Gross operating margin9900€5k€6k▲
Operating profit (loss)9901€5k€2k▼
Financial income75/76B€3€0▼
Recurring financial income75€3€0▼
Financial charges65/66B€180€181▲
Recurring financial charges65€180€181▲
Profit (loss) for the period before taxes9903€4k€2k▼
Income taxes67/77-€170
Profit (loss) for the period9904€4k€1k▼
Profit (loss) for the period to be appropriated9905€4k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-459€1k▲
Profit (loss) brought forward from the previous period14P€-5k€-459▲
Transfer to equity691/2-€1k
To other reserves6921-€1k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kasterlee · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vorsel 72460 KasterleeGround area
6,162 m²
Building footprint
211 m²
Volume, LiDAR
1,183 m³
Parcel 13017A0896/00N000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Max Sporthorses
since 20232.343.960.854
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017A0896/00N000 | Flanders | 6,162 m² | 1 · 211 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
1 live approvalPaardenhouderij duaal (so)
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Of 1,958 companies in sector 01430 we hold annual accounts for 743. 513 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-04-2023
Fiscal year end31-12
Activities, NACEBEL
01430Raising of horses and other equines
93110Operation of sports facilities
93127Equestrian clubs
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.