Equity
MAXANCO has made a profit without a break since 2016.
In July 2024, 20,124 companies had the same profile as MAXANCO has now. Each dot stands for 51 companies, two years later.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,124 companies, not a prediction for MAXANCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| MAXANCO Saint-Vith | €787,935 | €143,959 | 65.6% | - |
| ART OF DREAMS Laakdal | €804,204 | €134,791 | 18.0% | - |
| WALEF Faimes | €592,203 | €136,908 | 45.7% | - |
| KASTEELHOEVE de KERCKHEM Nieuwerkerken (Limb.) | €685,294 | €184,230 | 18.6% | - |
| WESTRADE IMMOBILIERE Tournai | €658,703 | €217,826 | 26.1% | 1.2 |
| G.S.B. Mechelen | €670,057 | €90,604 | 48.0% | 0.2 |
| RIKKESHOEVE Sint-Truiden | €503,135 | €158,690 | 53.9% | - |
These companies have the same main activity as MAXANCO: guest rooms (bed and breakfast) (NACE 55204). They are comparable in size and age: total assets between €503,000 and €804,000, founded between 1993 and 2001.
Solvency rose in 2025 from 54.2% to 65.6% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €370,000. Estimated: probably between €220,000 and €680,000.
Higher than 77% of 478 companies in 2024.
Higher than 15% of 477 companies in 2024.
Higher than 81% of 478 companies in 2024.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 200918 months | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
787,935 | 856,049 | 912,459 | 971,532 | 1.0m | 1.4m | 1.5m | 1.6m | 1.6m | 1.7m | 848,048 | 494,860 | 221,204 | 100,112 | 94,633 | 88,620 | 54,191 | 68,557 | |
21/28 |
753,903 | 814,540 | 876,676 | 940,665 | 1.0m | 1.4m | 1.4m | 1.5m | 1.5m | 1.6m | 811,506 | 491,230 | 216,000 | - | - | - | - | - | |
22/27 |
753,903 | 814,540 | 876,676 | 940,665 | 1.0m | 1.4m | 1.4m | 1.5m | 1.5m | 1.6m | 811,506 | 491,230 | 216,000 | - | - | - | - | - | |
22 |
562,063 | 599,392 | 636,721 | 674,050 | 711,379 | 1.0m | 1.1m | 1.1m | 1.1m | 1.2m | 764,018 | 455,443 | 216,000 | - | - | - | - | - | |
23 |
187,220 | 207,844 | 228,469 | 250,741 | 272,358 | 334,674 | 350,212 | 370,835 | 393,074 | 410,299 | 45,637 | 35,787 | - | - | - | - | - | - | |
24 |
1,121 | 3,803 | 7,986 | 12,374 | 14,249 | 8,486 | 10,329 | 12,171 | 13,879 | 15,145 | 1,851 | - | - | - | - | - | - | - | |
26 |
3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | - | - | - | - | - | - | - | - | - | |
29/58 |
34,032 | 41,509 | 35,783 | 30,867 | 24,204 | 43,211 | 90,525 | 96,674 | 96,905 | 63,573 | 36,542 | 3,630 | 5,204 | 100,112 | 94,633 | 88,620 | 54,191 | 68,557 | |
29 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 54,119 | 66,576 | |
291 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 54,119 | 66,576 | |
40/41 |
26,223 | 30,674 | 22,677 | 18,052 | 12,427 | 18,339 | 76,317 | 72,594 | 88,445 | 43,403 | 10,545 | - | - | 99,912 | 94,364 | 86,871 | - | - | |
40 |
26,223 | 28,174 | 22,677 | 18,052 | 12,427 | 18,339 | 62,722 | 62,594 | 62,915 | 595 | 8,850 | - | - | 63 | - | - | - | - | |
41 |
- | 2,500 | - | - | - | - | 13,595 | 10,000 | 25,530 | 42,808 | 1,695 | - | - | 99,849 | 94,364 | 86,871 | - | - | |
54/58 |
6,217 | 9,365 | 11,551 | 11,425 | 10,433 | 22,922 | 10,757 | 13,022 | 3,602 | 8,452 | 24,159 | 569 | - | 26 | 95 | 1,576 | 72 | 1,981 | |
490/1 |
1,592 | 1,471 | 1,555 | 1,390 | 1,344 | 1,950 | 3,450 | 11,058 | 4,858 | 11,718 | 1,838 | 3,061 | 5,204 | 174 | 174 | 174 | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
787,935 | 856,049 | 912,459 | 971,532 | 1.0m | 1.4m | 1.5m | 1.6m | 1.6m | 1.7m | 848,048 | 494,860 | 221,204 | 100,112 | 94,633 | 88,620 | 54,191 | 68,557 | |
10/15 |
516,849 | 464,110 | 408,033 | 354,075 | 291,666 | 169,297 | 133,775 | 98,979 | 92,441 | 66,066 | 104,408 | 92,856 | 100,028 | 100,096 | 94,286 | 88,620 | 54,191 | 54,137 | |
10/11 |
61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 30,987 | 30,987 | |
10 |
61,500 | 61,500 | 61,500 | 61,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 30,987 | 30,987 | |
13 |
23,548 | 23,548 | 23,548 | 23,548 | 23,548 | 23,548 | 23,548 | 6,150 | 6,150 | 6,150 | 6,150 | 3,868 | 3,868 | 3,868 | 3,578 | 3,295 | 3,099 | 3,099 | |
130/1 |
6,150 | 6,150 | 6,150 | 6,150 | 6,150 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 3,868 | 3,868 | 3,868 | 3,578 | 3,295 | 3,099 | 3,099 | |
132 |
17,398 | 17,398 | 17,398 | 17,398 | 17,398 | 17,398 | 17,398 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
431,801 | 379,062 | 322,986 | 269,027 | 206,618 | 84,249 | 48,727 | 31,329 | 24,791 | -1,584 | 36,758 | 27,488 | 34,659 | 34,728 | 29,208 | 23,826 | 20,105 | 20,051 | |
17/49 |
271,086 | 391,939 | 504,425 | 617,457 | 734,024 | 1.2m | 1.4m | 1.5m | 1.5m | 1.6m | 743,640 | 402,004 | 121,176 | 15 | 348 | - | - | 14,420 | |
17 |
100,000 | 150,000 | 275,000 | 400,000 | 525,000 | 1.1m | 1.3m | 1.4m | 1.4m | - | - | - | - | - | - | - | - | - | |
170/4 |
100,000 | 150,000 | 275,000 | 400,000 | 525,000 | 1.1m | 1.3m | 1.4m | 1.4m | - | - | - | - | - | - | - | - | - | |
42/48 |
167,462 | 239,412 | 227,678 | 216,433 | 208,175 | 106,080 | 96,931 | 90,990 | 105,055 | 1.6m | 736,543 | 397,027 | 120,417 | 15 | 348 | - | - | 14,420 | |
42 |
50,000 | 125,000 | 125,000 | 125,000 | 125,000 | 75,000 | 75,000 | 75,000 | 75,000 | 55,040 | - | - | - | - | - | - | - | - | |
43 |
- | - | - | - | - | - | - | - | - | 750,000 | 294,400 | - | 21 | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | 750,000 | 294,400 | - | 21 | - | - | - | - | - | |
44 |
742 | 8,273 | 440 | 887 | 1,186 | 1,106 | 7,138 | 3,566 | 3,255 | 23,310 | 31,826 | 22,027 | 396 | - | 348 | - | - | - | |
440/4 |
742 | 8,273 | 440 | 887 | 1,186 | 1,106 | 7,138 | 3,566 | 3,255 | 23,310 | 31,826 | 22,027 | 396 | - | 348 | - | - | - | |
45 |
29,220 | 29,139 | 51,038 | 30,746 | 23,489 | 25,193 | 12,792 | 2,424 | - | 177 | 316 | - | - | 15 | - | - | - | 14,420 | |
450/3 |
29,220 | 29,139 | 51,038 | 30,746 | 23,489 | 25,193 | 12,792 | 2,424 | - | 177 | 316 | - | - | 15 | - | - | - | 14,420 | |
47/48 |
87,500 | 77,000 | 51,200 | 59,800 | 58,500 | 4,782 | 2,000 | 10,000 | 26,800 | 765,000 | 410,000 | 375,000 | 120,000 | - | - | - | - | - | |
492/3 |
3,625 | 2,527 | 1,748 | 1,024 | 849 | 5,608 | 7,783 | 18,621 | 10,925 | 9,319 | 7,097 | 4,977 | 759 | - | - | - | - | - | |
| Income statement | |||||||||||||||||||
76A |
- | - | - | - | 6,000 | - | - | 240 | - | - | - | - | - | - | - | - | - | - | |
9900 |
143,959 | 154,319 | 152,313 | 160,986 | 144,437 | 143,143 | 133,168 | 111,146 | 138,672 | 61,353 | 60,858 | 13,973 | -5,251 | -2,098 | -2,785 | -4,831 | -1,061 | -1,271 | |
62 |
- | - | - | - | - | - | - | 960 | 7,407 | - | - | - | - | - | - | - | - | - | |
630 |
60,636 | 62,136 | 63,989 | 62,994 | 61,959 | 72,429 | 75,108 | 78,082 | 78,328 | 77,878 | 36,531 | 16,254 | - | - | - | - | - | - | |
640/8 |
3,861 | 3,902 | 3,638 | 3,447 | 3,405 | 4,348 | 3,526 | 4,388 | 4,078 | 1,897 | 1,915 | 387 | 694 | 364 | 348 | 521 | - | 360 | |
66A |
- | - | - | - | - | - | 53 | 2,464 | - | - | - | - | - | - | - | - | - | - | |
9901 |
79,461 | 88,280 | 84,686 | 94,545 | 79,073 | 66,366 | 54,481 | 25,251 | 48,860 | -18,422 | 22,412 | -2,669 | -5,945 | -2,462 | -3,132 | -5,352 | -1,061 | -1,631 | |
75/76B |
65 | - | - | - | - | 96 | 158 | 327 | 3 | 731 | 2,325 | 6 | 6,658 | 8,384 | 8,894 | 9,314 | 5,973 | 4,421 | |
75 |
65 | - | - | - | - | 96 | 158 | 86 | 3 | 731 | 2,325 | 6 | 6,658 | 8,384 | 8,894 | 9,314 | 5,973 | 4,421 | |
76B |
- | - | - | - | - | - | - | 240 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
6,966 | 11,725 | 11,054 | 9,614 | 11,308 | 14,838 | 16,550 | 19,040 | 22,487 | 20,651 | 13,184 | 4,508 | 781 | 96 | 96 | 44 | 4,857 | 30 | |
65 |
6,966 | 11,725 | 11,054 | 9,614 | 11,308 | 14,838 | 16,550 | 19,040 | 22,487 | 20,651 | 13,184 | 4,508 | 781 | 96 | 96 | 44 | 4,857 | 30 | |
9903 |
72,561 | 76,555 | 73,632 | 84,931 | 67,766 | 51,624 | 38,089 | 6,537 | 26,375 | -38,342 | 11,553 | -7,170 | -69 | 5,826 | 5,666 | 3,918 | 55 | 2,760 | |
67/77 |
19,823 | 20,478 | 19,673 | 22,521 | 15,899 | 16,102 | 3,293 | - | 0 | - | 1 | 1 | - | 15 | - | 1 | 1 | 1,074 | |
9904 |
52,738 | 56,077 | 53,958 | 62,410 | 51,866 | 35,523 | 34,796 | 6,537 | 26,375 | -38,342 | 11,552 | -7,172 | -69 | 5,811 | 5,666 | 3,917 | 54 | 1,686 | |
689 |
- | - | - | - | - | - | 17,398 | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
52,738 | 56,077 | 53,958 | 62,410 | 51,866 | 35,523 | 17,398 | 6,537 | 26,375 | -38,342 | 11,552 | -7,172 | -69 | 5,811 | 5,666 | 3,917 | 54 | 1,686 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
431,801 | 379,062 | 322,986 | 269,027 | 206,618 | 84,249 | 48,727 | 31,329 | 24,791 | -1,584 | 39,040 | 27,488 | 34,659 | 35,019 | 29,491 | 24,022 | 20,105 | 20,051 | |
14P |
379,062 | 322,986 | 269,027 | 206,618 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 2,282 | - | - | 291 | 283 | 196 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | 2,282 | - | - | 291 | 283 | 196 | - | - | |
| Social balance sheet | |||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | 0.1 | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
- | - | - | - | - | - | - | - | 264 | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The accounts for 12 older financial years (1994-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 26-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 26-01-2026 | 2026-00013623 | |
| 30-06-2024 | full format | 27-01-2025 | 2025-00012631 | |
| 30-06-2023 | full format | 30-01-2024 | 2024-00018351 | |
| 30-06-2022 | full format | 31-01-2023 | 2023-00017605 | |
| 30-06-2021 | full format | 25-01-2022 | 2022-01800407 | |
| 30-06-2020 | full format | 26-01-2021 | 2021-01900274 | |
| 30-06-2019 | full format | 29-01-2020 | 2020-02800492 | |
| 30-06-2018 | full format | 30-01-2019 | 2019-03300532 | |
| 30-06-2017 | full format | 15-01-2018 | 2018-01500569 | |
| 30-06-2016 | full format | 31-01-2017 | 2017-03700185 | |
| 30-06-2015 | full format | 26-01-2016 | 2016-03000025 | |
| 30-06-2014 | full format | 12-01-2015 | 2015-01100169 | |
| 30-06-2013 | full format | 09-01-2014 | 2014-00600167 | |
| 30-06-2012 | full format | 08-02-2013 | 2013-03600063 | |
| 30-06-2011 | full format | 13-01-2012 | 2012-00900512 | |
| 30-06-2010 | full format | 11-01-2011 | 2011-00700165 | |
| 30-06-2009 | full format | 04-01-2010 | 2010-00400113 | |
| 31-12-2007 | abbreviated format | 18-06-2008 | 2008-23700349 | |
| 31-12-2006 | abbreviated format | 11-06-2007 | 2007-20100162 | |
| 31-12-2005 | abbreviated format | 05-07-2006 | 2006-41301787 | |
| 31-12-2004 | abbreviated format | 23-06-2005 | 2005-32201871 | |
| 31-12-2003 | abbreviated format | 13-12-2006 | 2006-90100215 | |
| 31-12-2002 | abbreviated format | 16-06-2003 | 2003-24304081 | |
| 31-12-2001 | abbreviated format | 28-05-2003 | 2003-16900052 | |
| 31-12-2000 | abbreviated format | 27-01-2003 | 2003-02602066 | |
| 31-12-1999 | abbreviated format | 16-10-2000 | 2000-65502806 | |
| 31-12-1998 | abbreviated format | 17-11-1999 | 1999-59101640 | |
| 31-12-1997 | abbreviated format | 30-10-1998 | 1998-55602205 | |
| 31-12-1996 | abbreviated format | 29-10-1997 | 1997-51002515 | |
| 31-12-1995 | abbreviated format | 03-09-1996 | 1996-42303072 | |
| 31-12-1994 | abbreviated format | 27-09-1995 | 1995-51004691 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 200918 months | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 140,098 | 150,416 | 148,675 | 157,539 | 141,032 | 138,795 | 129,589 | 103,333 | 127,187 | 59,457 | 58,943 | 13,586 | - | - | - | - | - | - | ||
| 113,375 | 118,213 | 117,947 | 125,404 | 113,825 | 107,952 | 109,904 | 84,619 | 104,703 | 39,536 | 48,083 | 9,083 | - | - | - | - | - | - | ||
| 0 | 0 | 0 | 2,173 | 8,760 | 7,240 | 36,156 | 4,032 | 9,504 | 871,712 | 356,808 | 291,484 | 216,000 | - | - | - | - | - | ||
| -3,148 | -2,186 | 125 | 993 | - | 12,165 | -2,265 | 9,420 | -4,850 | -15,707 | 23,590 | - | - | -69 | -1,481 | 1,504 | -1,909 | - | ||
| -133,430 | -197,903 | -191,895 | -185,566 | -183,971 | -62,870 | -6,406 | 5,684 | -8,150 | -1.5m | -700,001 | -393,397 | -115,213 | 100,096 | 94,286 | - | - | 54,137 | ||
| 65.6% | 54.2% | 44.7% | 36.4% | 28.4% | 12.1% | 8.8% | 6.4% | 5.7% | 4.0% | 12.3% | 18.8% | 45.2% | 100.0% | 99.6% | 100.0% | 100.0% | 79.0% | ||
| 0.20 | 0.17 | 0.16 | 0.14 | 0.12 | 0.41 | 0.93 | 1.06 | 0.92 | 0.04 | 0.05 | 0.01 | 0.04 | - | - | - | - | 4.75 | ||
| 0.52 | 0.84 | 1.24 | 1.74 | 2.52 | 7.28 | 10.31 | 14.75 | 16.67 | 24.26 | 7.12 | 4.33 | 1.21 | 0.00 | 0.00 | - | - | 0.27 | ||
| 10.2% | 12.1% | 13.2% | 17.6% | 17.8% | 21.0% | 26.0% | 6.6% | 28.5% | -58.0% | 11.1% | -7.7% | -0.1% | 5.8% | 6.0% | 4.4% | 0.1% | 3.1% | ||
| 6.7% | 6.6% | 5.9% | 6.4% | 5.1% | 2.5% | 2.3% | 0.4% | 1.6% | -2.3% | 1.4% | -1.4% | 0.0% | 5.8% | 6.0% | 4.4% | 0.1% | 2.5% | ||
| 20.11 | 12.83 | 13.45 | 16.39 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
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.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Mortgages, amount registered | €400,000 | €400,000 | €400,000 | €400,000 |
| Carrying value of the mortgaged assets | €562,063 | €599,392 | €636,721 | €674,050 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €2,173 |
| €60,636 | €62,136 | €63,989 | €62,994 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 10% lower than in 2024 and the lowest since 2021.
Debt's share of the balance-sheet total falls from 45.8% to 34.4%. Equity is higher and debt is lower.
MAXANCO has no parent and no holdings in its annual accounts.
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Malmedyer Strasse 37 registered office 4780 Saint-Vith | 28-05-2003 | 2.131.117.615 |
| Boardinghouse Prümer Strasse 26, 4780 Saint-Vith | 03-11-2014 | 2.236.534.047 |
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