Summary
MAX TRADING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €278,696 and a net result of -€23,333. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 5651 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Activities of holding companies
NACE 64210Holdings NACE 64200
#9 oldest company in Oud-Turnhout, Finance and insurance sector1 site
How big
€326,003total assets 2025
- Equity
- €278,696
- Loss
- -€23,333
Turnover not published (abridged schema)
Financially healthy?
Financial institution: outside the modelProbability: sector outside the model
Who decides
- Parent
- MINI-HOLDING · 100%
Accounts 28 d early0 of 2 deeds read
SignalsLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
22 d early
2023
35 d early
2022
31 d early
2021
34 d early
2020
44 d early
2019
31 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 32 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Back to profitnet €4,645
Financials
Fiscal year 2025Total assets €326,003Loss -€23,333Solvency 85.5%Liquidity 49.19
Total assets
€326,003▼ 7.7%
2018 - 2025
Net result
-€23,333
2018 - 2025
Equity
€278,696▼ 7.7%
2018 - 2025
Solvency
85.5%=
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 oldest company in Oud-Turnhout, Finance and insurance sector
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,054€431▼ 95.2%-€65,697-€8,132▲ 87.6%-€28,377▼ 249%
Net result€43,212within the sector's middle half▲ 873%€14,992within the sector's middle half▼ 65.3%-€57,898below the sector's middle half€4,645below the sector's middle half-€23,333below the sector's middle half
Equity€490,291within the sector's middle half▲ 9.7%€355,283within the sector's middle half▼ 27.5%€297,384within the sector's middle half▼ 16.3%€302,029within the sector's middle half▲ 1.6%€278,696within the sector's middle half▼ 7.7%
Total assets€496,352below the sector's middle half▲ 3.7%€363,715below the sector's middle half▼ 26.7%€359,847below the sector's middle half▼ 1.1%€353,157below the sector's middle half▼ 1.9%€326,003below the sector's middle half▼ 7.7%
Debt€6,062▼ 80.9%€8,432▲ 39.1%€20,300▲ 141%€8,966▼ 55.8%€5,145▼ 42.6%
Working capital€466,709above the sector's middle half▲ 12.8%€341,449above the sector's middle half▼ 26.8%€228,226within the sector's middle half▼ 33.2%€255,661within the sector's middle half▲ 12.0%€247,930within the sector's middle half▼ 3.0%
Solvency98.8%above the sector's middle half▲ 5.4pp97.7%above the sector's middle half▼ 1.1pp82.6%above the sector's middle half▼ 15.0pp85.5%above the sector's middle half▲ 2.9pp85.5%above the sector's middle half=
Current ratio77.99above the sector's middle half▲ 63.9441.49above the sector's middle half▼ 36.5012.24above the sector's middle half▼ 29.2529.93above the sector's middle half▲ 17.6949.19above the sector's middle half▲ 19.26
Return on assets (ROA)8.7%within the sector's middle half▲ 7.8pp4.1%within the sector's middle half▼ 4.6pp-16.1%below the sector's middle half▼ 20.2pp1.3%within the sector's middle half▲ 17.4pp-7.2%below the sector's middle half▼ 8.5pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28,377 in 2025 against €8,132 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €326,003
Fixed assets
€72,928 ▼ 17.7%
Current assets
€253,075 ▼ 4.3%
Equity and liabilities €326,003
Equity
€278,696 ▼ 7.7%
Provisions
€42,162 =
Debt
€5,145 ▼ 42.6%
Debt's share of the balance-sheet total falls from 2.5% to 1.6%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
ROE
-8.4%▼
2024 · 1.5%
Debt ≤ 1 year
€5,145▼
2024 · €8,836
Income taxes
€443▼
2024 · €483
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €17,730 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,748 | €9,748 | €12,459 | €22,282 | €22,698 | ▲ 1.9% |
| Other operating charges640/8 | €1,908 | €5,311 | €2,336 | €1,471 | €1,627 | ▲ 10.6% |
| Non-recurring operating charges66A | - | - | €42,162 | €0 | - | - |
| Gross operating margin9900 | €20,710 | €15,491 | -€8,741 | €15,622 | -€4,053 | ▼ 126% |
| Operating profit (loss)9901 | €9,054 | €431 | -€65,697 | -€8,132 | -€28,377 | ▼ 249% |
| Financial income75/76B | €35,327 | €15,676 | €9,393 | €13,566 | €5,931 | ▼ 56.3% |
| Recurring financial income75 | €35,327 | €15,676 | €9,393 | €13,566 | €5,931 | ▼ 56.3% |
| Financial charges65/66B | €51 | €88 | €593 | €307 | €443 | ▲ 44.3% |
| Recurring financial charges65 | €51 | €88 | €593 | €307 | €443 | ▲ 44.3% |
| Profit (loss) for the period before taxes9903 | €44,330 | €16,019 | -€56,898 | €5,128 | -€22,890 | ▼ 546% |
| Income taxes67/77 | €1,118 | €1,027 | €1,001 | €483 | €443 | ▼ 8.1% |
| Profit (loss) for the period9904 | €43,212 | €14,992 | -€57,898 | €4,645 | -€23,333 | ▼ 602% |
| Profit (loss) for the period to be appropriated9905 | €43,212 | €14,992 | -€57,898 | €4,645 | -€23,333 | ▼ 602% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €496,352 | €363,715 | €359,847 | €353,157 | €326,003 | ▼ 7.7% |
| Fixed assets21/28 | €23,582 | €13,833 | €111,321 | €88,660 | €72,928 | ▼ 17.7% |
| Tangible fixed assets22/27 | €23,582 | €13,833 | €111,321 | €88,660 | €72,928 | ▼ 17.7% |
| Plant, machinery and equipment23 | - | - | - | €1,599 | €968 | ▼ 39.4% |
| Furniture and vehicles24 | €21,767 | €12,018 | €109,506 | €85,246 | €70,144 | ▼ 17.7% |
| Other tangible fixed assets26 | €1,815 | €1,815 | €1,815 | €1,815 | €1,815 | = |
| Current assets29/58 | €472,771 | €349,881 | €248,526 | €264,497 | €253,075 | ▼ 4.3% |
| Amounts receivable after more than one year29 | €132,523 | €107,308 | €92,877 | €92,877 | €92,877 | = |
| Other amounts receivable291 | €132,523 | €107,308 | €92,877 | €92,877 | €92,877 | = |
| Amounts receivable within one year40/41 | €206,030 | €212,051 | €135,488 | €159,588 | €155,413 | ▼ 2.6% |
| Trade receivables40 | €25,000 | €10,000 | €0 | €3,875 | €8,375 | ▲ 116% |
| Other amounts receivable41 | €181,030 | €202,051 | €135,488 | €155,713 | €147,038 | ▼ 5.6% |
| Cash at bank and in hand54/58 | €132,588 | €27,679 | €17,022 | €8,659 | €1,505 | ▼ 82.6% |
| Deferred charges and accrued income490/1 | €1,631 | €2,843 | €3,139 | €3,373 | €3,279 | ▼ 2.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €496,352 | €363,715 | €359,847 | €353,157 | €326,003 | ▼ 7.7% |
| Equity10/15 | €490,291 | €355,283 | €297,384 | €302,029 | €278,696 | ▼ 7.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €477,891 | €342,883 | €284,984 | €289,629 | €266,296 | ▼ 8.1% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Distributable reserves133 | €476,032 | €341,023 | €284,984 | €289,629 | €266,296 | ▼ 8.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | - | - |
| Provisions and deferred taxes16 | - | - | €42,162 | €42,162 | €42,162 | = |
| Provisions for liabilities and charges160/5 | - | - | €42,162 | €42,162 | €42,162 | = |
| Other liabilities and charges164/5 | - | - | €42,162 | €42,162 | €42,162 | = |
| Amounts payable17/49 | €6,062 | €8,432 | €20,300 | €8,966 | €5,145 | ▼ 42.6% |
| Amounts payable within one year42/48 | €6,062 | €8,432 | €20,300 | €8,836 | €5,145 | ▼ 41.8% |
| Trade debts44 | €1,602 | €4,292 | €3,886 | €6,478 | €3,874 | ▼ 40.2% |
| Suppliers440/4 | €1,602 | €4,292 | €3,886 | €6,478 | €3,874 | ▼ 40.2% |
| Taxes, remuneration and social security45 | €4,460 | €4,140 | €16,414 | €2,358 | €1,270 | ▼ 46.1% |
| Taxes450/3 | €4,460 | €4,140 | €16,414 | €2,358 | €1,270 | ▼ 46.1% |
| Other amounts payable47/48 | €0 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €130 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,212 | €14,992 | -€57,898 | €4,645 | -€23,333 | ▼ 602% |
| + Depreciation and write-downs630 | €9,748 | €9,748 | €12,459 | €22,282 | €22,698 | ▲ 1.9% |
| Operating cash flow (approximation) | €52,960 | €24,740 | -€45,439 | €26,927 | -€635 | ▼ 102% |
| Investment in fixed assets (approximation) | - | €0 | -€109,947 | €378 | -€6,965 | ▼ 1,941% |
| Change in cash | - | -€104,908 | -€10,657 | -€8,363 | -€7,153 | ▲ 14.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
LVMA
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WOLFCO
BE 0760.876.809
Knokke-Heist · Eq €278,731
WUIAME
BE 0700.471.741
Ottignies-Louvain-la-Neuve · Eq €278,642
Driwattix
BE 0753.807.289
Diksmuide · Eq €278,762
DEMARAX
BE 0890.816.128
Koksijde · Eq €278,554
Of 24,727 companies in this sector we hold annual accounts for 19,807. 13,741 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
Parent MINI-HOLDING · 100%
Directors
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
1 ownerChain of control
- MINI-HOLDING
- MAX TRADING
Highest known parent: MINI-HOLDING. The sources do not say who stands above it.
Owners 1
- MINI-HOLDINGparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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 directors read yet: 0 of 2 Gazette acts processed.
Timeline
17 eventsLatest 03-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €4,645
Net result €4,645 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 29.93
Current ratio from 12.24 to 29.93; short-term debt falls from €20,300 to €8,836.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€57,898
Net result drops to -€57,898, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €43,212 ▲873%
Operating result €9,054, net result €43,212, both a record.
31-12
Financial
Liquidity times 6current ratio 77.99
Current ratio from 14.06 to 77.99; short-term debt falls from €31,693 to €6,062.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 14.06
Current ratio from 6.68 to 14.06; short-term debt falls from €69,357 to €31,693.
Show earlier events
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €1,830
Net result €1,830 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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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Company details
Private limited company · founded 07-05-1998Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded07-05-1998
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463336138
Also
9925:BE0463336138
Registered
29-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Oud-Turnhout · 1 establishment unit since 1998
Ground area
1,884 m²
Building footprint
245 m²
Volume, LiDAR
1,683 m³
Parcel 13031D0143/00D000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Leeuwerkstraat 19, 2360 Oud-Turnhout
since 1998unit no. 2.086.893.632
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13031D0143/00D000 | Flanders | 1,884 m² | 1 · 245 m² | 10.9 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.
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