MAXA
Annual accounts 2025
abbreviated format, filed on 31-08-2026, 31 days lateTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €75,000 and €160,000.
Balance sheet
balance sheet total €231,776 on 31-12-2025in euro
in euro
Position in the sector
46.3%
Higher than 53% of 9,973 companies in 2025.
0.47
Lower than 95% of 9,836 companies in 2025.
3.4%
Higher than 41% of 9,905 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
231,776 | 224,666 | 241,536 | |
21/28 |
194,337 | 198,388 | 202,440 | |
22/27 |
194,337 | 198,388 | 202,440 | |
22 |
194,215 | 198,085 | 201,954 | |
24 |
122 | 304 | 485 | |
28 |
- | - | 0 | |
29/58 |
37,439 | 26,278 | 39,096 | |
29 |
- | - | 0 | |
291 |
- | - | 0 | |
40/41 |
25,988 | 18,884 | 35,511 | |
40 |
22,163 | 18,023 | 25,272 | |
41 |
3,825 | 861 | 10,239 | |
54/58 |
11,324 | 6,707 | 2,330 | |
490/1 |
128 | 687 | 1,255 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
231,776 | 224,666 | 241,536 | |
10/15 |
107,304 | 99,481 | 93,529 | |
13 |
105,969 | 98,146 | 92,246 | |
133 |
105,969 | 98,146 | 92,246 | |
14 |
1,335 | 1,335 | 1,283 | |
17/49 |
124,473 | 125,185 | 148,007 | |
17 |
42,052 | 57,446 | 72,039 | |
170/4 |
42,052 | 57,446 | 72,039 | |
42/48 |
79,863 | 67,738 | 75,968 | |
42 |
15,394 | 14,593 | 13,952 | |
44 |
17,312 | 6,720 | 9,917 | |
440/4 |
17,312 | 6,720 | 9,917 | |
46 |
1,083 | - | - | |
45 |
19,480 | 8,844 | 26,402 | |
450/3 |
15,520 | 8,844 | 8,155 | |
454/9 |
3,960 | 0 | 18,247 | |
47/48 |
26,593 | 37,582 | 25,698 | |
492/3 |
2,558 | - | - | |
| Income statement | ||||
9900 |
25,064 | 27,526 | 19,762 | |
630 |
4,051 | 4,051 | 4,051 | |
640/8 |
1,363 | 8,881 | 5,166 | |
9901 |
19,649 | 14,594 | 10,544 | |
75/76B |
1 | 0 | 5 | |
75 |
1 | 0 | 5 | |
65/66B |
8,310 | 6,781 | 5,047 | |
65 |
8,310 | 6,781 | 5,047 | |
9903 |
11,341 | 7,813 | 5,502 | |
67/77 |
3,518 | 1,861 | 1,936 | |
9904 |
7,822 | 5,952 | 3,566 | |
9905 |
7,822 | 5,952 | 3,566 | |
| Appropriation of the result | ||||
9906 |
9,157 | 7,235 | 1,283 | |
14P |
1,335 | 1,283 | -2,284 | |
691/2 |
7,822 | 5,900 | - | |
6921 |
7,822 | 5,900 | - | |
| Document | ||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00494177.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 23,701 | 18,646 | 14,595 | ||
| 11,874 | 10,004 | 7,618 | ||
| 0 | 0 | - | ||
| 4,617 | 4,376 | - | ||
| -42,424 | -41,461 | -36,872 | ||
| 46.3% | 44.3% | 38.7% | ||
| 0.47 | 0.39 | 0.51 | ||
| 1.16 | 1.26 | 1.58 | ||
| 7.3% | 6.0% | 3.8% | ||
| 3.4% | 2.6% | 1.5% | ||
| 2.85 | 2.75 | 2.89 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on MAXA
The operating result for 2025 is 35% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 55.7% to 53.7%. Equity is higher and debt is lower.