MAX25
ActiveMAX25 has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-30k) and a net result of €-15k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 2304 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
34
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency0=
Growth38▼-14
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.72 in 2024; short-term debt: 376% and cash: 28.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-276%
Return on assets
-136.5%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-30k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
28 d late
2023
27 d early
2022
28 d late
2021
31 d late
2020
9 d early
2019
83 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€41k▲ 38.2%
2020 · €29k
2018: €65k
2019: €52k
2020: €29k
2018 → 2021
EBIT margin
17.0%▲ 63.4pp
2020 · -46.4%
2018: -31.8%
2019: -52.3%
2020: -46.4%
2018 → 2021
Net result
€-15k
2024 · €43k
2018: €-21k
2019: €-28k
2020: €-14k
2021: €7k
2022: €2k
2023: €2k
2024: €43k
2018 → 2025
Working capital
€-35k▼ 126%
2024 · €-16k
2018: €-32k
2019: €-57k
2020: €-75k
2021: €-67k
2022: €-63k
2023: €-60k
2024: €-16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€41k-
Equity€-62k-€-61k▲ 3.0%€-58k▲ 3.6%€-15k▲ 74.0%€-30k▼ 97.9%
Operating result€7k-€2k▼ 68.6%€2k▲ 14.3%€43k▲ 1,647%€-15k
Net result€7k-€2k▼ 72.2%€2k▲ 13.8%€43k▲ 1,900%€-15k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15k after €43k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11k
Fixed assets
€5k▲ 1,488%
Current assets
€6k▼ 85.3%
Key figures and ratios
EBITDA
€-13k▼
2024 · €44k
Cash flow
€-13k▼
2024 · €44k
Solvency
-276.0%▼
2024 · -37.0%
Current ratio
0.15▼
2024 · 0.72
Quick ratio
0.15▼
2024 · 0.72
Debt / equity
-1.36▲
2024 · -3.70
ROA
-136.5%▼
2024 · 105.1%
Interest coverage
-127.40▼
2024 · 208.12
Debt
€41k▼
2024 · €56k
Debt ≤ 1 year
€41k▼
2024 · €56k
Income taxes
€176▲
2024 · €174
Staff costs
€52k▲
2024 · €36k
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€41k€11k▼
Fixed assets21/28€309€5k▲
Tangible fixed assets22/27€309€5k▲
Plant, machinery and equipment23€309-
Furniture and vehicles24-€5k
Current assets29/58€41k€6k▼
Amounts receivable within one year40/41€13k€3k▼
Trade receivables40€12k€3k▼
Other amounts receivable41€343-
Cash at bank and in hand54/58€27k€3k▼
Deferred charges and accrued income490/1€765€270▼
Equity and liabilities
Total equity and liabilities10/49€41k€11k▼
Equity10/15€-15k€-30k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-34k€-49k▼
Amounts payable17/49€56k€41k▼
Amounts payable within one year42/48€56k€41k▼
Trade debts44€8k€2k▼
Suppliers440/4€8k€2k▼
Taxes, remuneration and social security45€6k€12k▲
Taxes450/3€1k€2k▲
Remuneration and social security454/9€5k€10k▲
Other amounts payable47/48€42k€27k▼
Income statement
Code20242025
Remuneration, social security and pensions62€36k€52k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€942€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€2k€384▼
Gross operating margin9900€82k€40k▼
Operating profit (loss)9901€43k€-15k▼
Financial income75/76B€301€182▼
Recurring financial income75€301€182▼
Financial charges65/66B€212€104▼
Recurring financial charges65€212€104▼
Profit (loss) for the period before taxes9903€43k€-15k▼
Income taxes67/77€174€176▲
Profit (loss) for the period9904€43k€-15k▼
Profit (loss) for the period to be appropriated9905€43k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-49k▼
Profit (loss) brought forward from the previous period14P€-77k€-34k▲
The notes to these accounts (7 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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €43k ▲1900%
Operating result €43k, net result €43k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after 3 loss-making years.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Jalhay · 1 establishment unit since 2016
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.
Stockay(SART) 7A4845 JalhayGround area
2,727 m²
Building footprint
176 m²
Volume, LiDAR
934 m³
Parcel 63068C0494/00M000, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Stockay(SART) 7A, 4845 Jalhay
since 20162.251.966.648
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63068C0494/00M000 | Wallonia | 2,727 m² | 1 · 176 m² | 7.0 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.
Similar companies · same sector and region
Jeunesse sartoise
BE 0421.401.850
Jalhay
La Sourcellerie
BE 0742.637.344
Jalhay
Le Garage
BE 1019.666.176
Jalhay
Les Amis Réunis-La Jeunesse Tiégeooise
BE 0408.201.437
Jalhay
SOCIETE ROYALE LES ECHOS DE LA VALLEE DE LA HOEGNE
BE 0406.620.634
Jalhay
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 6,728 companies in sector 93299 we hold annual accounts for 1,168.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
93299Other amusement and recreation activities
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
82300Organisation of conventions and trade shows
82990Other business support services
90031Arts creation and performing arts activities
90111Literary creation
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.