From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MAXANDRO 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 €283,468 and a net result of €32,211. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 17% of 3,041 sector peers (NACE 66, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 25-10-2017 Normal situation
- Legal form
- Private limited company
- Registered office
- Sterrebeeklaan 91, 3080 Tervuren
- Activity
- Activities auxiliary to financial services and insurance activities NACE 66300and 1 other
- Establishment unit
- 2.363.032.638 3080 Tervuren, since 01-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 23-01-2026
How it is doing
- Profit
- €32,211
- ▲ 2.9%
- Equity
- €283,468
- ▲ 12.8%
- Total assets
- €2.8m
- ▲ 7.8%
Signalsraises riskWeak solvency vs sector2025 accounts filed 28 days lateShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
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Signals
This company filed its last 7 accounts on average 32 days after the deadline; the sector median (NACE 66) for financial year 2024 is 5 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00493486.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 28-08-2026
- Format
- micro format
- Reference
- 2026-00493486
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €250 | €8,952 | €12,716 | €20,875 | €48,670 | €56,027 | €71,825 | €68,971 | ▼ 4.0% |
| Other operating charges640/8 | - | - | - | €3,843 | €8,133 | €10,764 | €9,870 | €13,145 | ▲ 33.2% |
| Gross operating margin9900 | -€8,861 | €53,791 | €127,024 | €140,404 | €105,711 | €148,249 | €176,748 | €182,154 | ▲ 3.1% |
| Operating profit (loss)9901 | -€10,344 | €42,883 | €110,989 | €115,686 | €48,907 | €81,457 | €95,053 | €100,038 | ▲ 5.2% |
| Financial income75/76B | - | - | - | - | €104 | €0 | €0 | €9 | ▲ 90× |
| Recurring financial income75 | - | - | €611 | - | €104 | €0 | €0 | €9 | ▲ 90× |
| Financial charges65/66B | - | - | - | €14,123 | €34,903 | €42,324 | €49,096 | €53,808 | ▲ 9.6% |
| Recurring financial charges65 | €8,100 | €15,796 | €16,562 | €14,123 | €34,903 | €42,324 | €49,096 | €53,808 | ▲ 9.6% |
| Profit (loss) for the period before taxes9903 | -€18,444 | €27,088 | €95,038 | €101,563 | €14,109 | €39,133 | €45,957 | €46,239 | ▲ 0.6% |
| Income taxes67/77 | - | €1,773 | €19,004 | €21,750 | €3,765 | €10,850 | €14,645 | €14,028 | ▼ 4.2% |
| Profit (loss) for the period9904 | -€18,444 | €25,315 | €76,034 | €79,813 | €10,344 | €28,283 | €31,312 | €32,211 | ▲ 2.9% |
| Profit (loss) for the period to be appropriated9905 | -€18,444 | €25,315 | €76,034 | €79,813 | €10,344 | €28,283 | €31,312 | €32,211 | ▲ 2.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €0.8m | €0.8m | €2.1m | €2.6m | €2.3m | €2.6m | €2.8m | ▲ 7.8% |
| Fixed assets21/28 | €0.001m | €0.2m | €0.6m | €1.4m | €2.2m | €2.1m | €2.6m | €2.8m | ▲ 9.2% |
| Intangible fixed assets21 | €0.001m | €0.001m | €0.001m | €250 | - | - | - | - | - |
| Tangible fixed assets22/27 | - | €0.2m | €0.6m | €1.4m | €2.2m | €2.1m | €2.6m | €2.8m | ▲ 9.2% |
| Land and buildings22 | - | - | - | €1.4m | €2.2m | €2.1m | €2.6m | €2.8m | ▲ 9.2% |
| Plant, machinery and equipment23 | - | - | - | €0.003m | €0.006m | €0.01m | €0.01m | €0.01m | ▲ 13.6% |
| Furniture and vehicles24 | - | - | - | - | €0.006m | €0.008m | €0.006m | €0.004m | ▼ 34.8% |
| Current assets29/58 | €0.8m | €0.6m | €0.2m | €0.7m | €0.4m | €0.1m | €0.06m | €0.03m | ▼ 50.0% |
| Stocks and contracts in progress3 | €0.8m | €0.6m | €0.2m | €0.2m | - | - | €0.001m | - | - |
| Stocks30/36 | - | - | - | €0.2m | - | - | €0.001m | - | - |
| Amounts receivable within one year40/41 | - | - | - | €0.5m | €0.4m | €0.1m | €0.05m | €0.005m | ▼ 90.9% |
| Trade receivables40 | - | - | - | - | €0.003m | €0.006m | €0.05m | €0.005m | ▼ 90.8% |
| Other amounts receivable41 | - | - | - | €0.5m | €0.4m | €0.1m | €0.001m | - | - |
| Cash at bank and in hand54/58 | €353 | €53 | €0.02m | €0.002m | €0.04m | €0.03m | €0.003m | €0.01m | ▲ 357% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.003m | - | €0.004m | €0.01m | ▲ 261% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €0.8m | €0.8m | €2.1m | €2.6m | €2.3m | €2.6m | €2.8m | ▲ 7.8% |
| Equity10/15 | -€0.006m | €0.02m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 12.8% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.02m | €0.007m | €0.08m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 13.8% |
| Amounts payable17/49 | €0.8m | €0.8m | €0.7m | €1.9m | €2.4m | €2.1m | €2.4m | €2.6m | ▲ 7.3% |
| Amounts payable after more than one year17 | - | €0.2m | €0.5m | €1.3m | €1.8m | €1.6m | €2.0m | €2.0m | ▼ 0.1% |
| Financial debts170/4 | - | - | - | €1.3m | €1.8m | €1.6m | €2.0m | €2.0m | ▼ 0.1% |
| Amounts payable within one year42/48 | €0.8m | €0.6m | €0.2m | €0.6m | €0.6m | €0.4m | €0.4m | €0.6m | ▲ 40.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.08m | €0.08m | €0.1m | €0.1m | ▲ 6.0% |
| Financial debts43 | - | - | - | - | - | - | - | €0.2m | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €0.2m | - |
| Trade debts44 | - | €0.003m | €0.001m | - | €0.002m | €0.01m | €0.007m | €0.008m | ▲ 12.5% |
| Suppliers440/4 | - | - | - | - | €0.002m | €0.01m | €0.007m | €0.008m | ▲ 12.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.03m | €0.02m | €0.03m | €0.03m | ▲ 30.2% |
| Taxes450/3 | - | - | - | €0.04m | €0.03m | €0.02m | €0.03m | €0.03m | ▲ 30.2% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.5m | €0.3m | €0.3m | €0.3m | ▼ 15.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €121 | €467 | €0.002m | €0.002m | ▲ 12.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,444 | €25,315 | €76,034 | €79,813 | €10,344 | €28,283 | €31,312 | €32,211 | ▲ 2.9% |
| + Depreciation and write-downs630 | €250 | €8,952 | €12,716 | €20,875 | €48,670 | €56,027 | €71,825 | €68,971 | ▼ 4.0% |
| Operating cash flow (approximation) | -€18,194 | €34,267 | €88,750 | €100,688 | €59,014 | €84,310 | €103,137 | €101,182 | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | -€213,077 | -€369,245 | -€832,343 | -€864,859 | -€11,053 | -€511,194 | -€305,476 | ▲ 40.2% |
| Change in cash | - | -€299 | €24,160 | -€21,805 | €38,102 | -€15,046 | -€22,855 | €9,326 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00493486 | NBB |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00433745 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00394636 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00375156 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20362864 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-52500250 | |
| 31-12-2019 | micro format | 24-09-2020 | 2020-55000560 | |
| 31-12-2018 | micro format | 05-06-2019 | 2019-15800277 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Mc KINNEY Bart Firmin |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- 2 provisions in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing van algemene vergadering beslissende in vormen vereist voor statutenwijziging, elk moment”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, bestuurder(s) in functie aangewezen als vereffenaar(s) krachtens statuten indien geen…”
Articles of association, deed of 16-01-2024 (in Dutch)
Owners and capital
Owners
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 16-01-2024 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
16-01
Gazette deed
Resignation: Mc KINNEY Bart Firmin (manager)Appointment: Mc KINNEY Bart Firmin (director) · Capital conversion · Reserve release10 facts ▸
- General meeting, 20-12-2023, “buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Other provision, “aanpassing statuten en behoud rechtsvorm, statuten aanpassen aan WVV en rechtsvorm besloten vennootschap (BV) behouden” (deed in Dutch)
- Capital conversion, “werkelijk gestort kapitaal en wettelijke reserve, van rechtswege” (deed in Dutch)
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in Dutch)
- Amendment of the articles
- Director resignation, Mc KINNEY Bart Firmin (manager)
- Director appointment, Mc KINNEY Bart Firmin (director (not named in the articles))
- Director discharge, Mc KINNEY Bart Firmin
- Registered office clause, “3080 Tervuren, Sterrebeeklaan 91” (deed in Dutch)
- General meeting, “voorgaande besluiten, eenparigheid van stemmen” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MAXANDRO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, voor zover geen wijziging taalregime”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITEL V. ALGEMENE VERGADERING Artikel 15. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”
Articles of association, deed of 16-01-2024 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24104B0013/00Z000 | Flanders | 961 m² | 1 · 188 m² | 9.4 m · 2 |