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MaxCec

Active
Private limited companyfounded 20197 yrs activeRue Brunehaut 117, 7022 Mons, BelgiumKBO/BCE: BE 0726.867.916
Summary

MaxCec has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24,643 and a net result of -€13,877. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency59▼-3
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.37 in 2024; short-term debt: 66.1% and cash: 70.6% of total assets), and 66.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
33.9%
Return on assets
-19.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 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 · 7 filings
Deviation from the deadline
2025
22 d late
2024
29 d late
2023
21 d late
2022
28 d late
2021
16 d late
2020
13 d late
2019
68 d late
← 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 28 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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.
Companies Code · seven months
Position in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 17 May 2019, MaxCec was incorporated as a Private limited company.1 Revenue went from EUR 66,500 in 2019 to EUR 109,880 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2021

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Financials · fiscal year 2025, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Turnover
€109,880▼ 3.7%
2020 · €114,150
EBIT margin
31.2%▼ 2.9pp
2020 · 34.1%
Net result
-€13,877
2024 · €32,531
Working capital
€11,036▼ 54.8%
2024 · €24,434
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€109,880▼ 3.7%
Operating result€34,295▼ 11.9%€30,414▼ 11.3%€31,904▲ 4.9%€40,842▲ 28.0%-€13,690
Net result€25,889▼ 12.8%€22,394▼ 13.5%€24,000▲ 7.2%€32,531▲ 35.5%-€13,877
EBIT margin31.2%▼ 2.9pp
Equity€69,596▲ 59.2%€81,990▲ 17.8%€55,990▼ 31.7%€38,520▼ 31.2%€24,643▼ 36.0%
Total assets€99,876▲ 16.8%€115,583▲ 15.7%€120,543▲ 4.3%€104,069▼ 13.7%€72,782▼ 30.1%
Debt€30,281▼ 27.5%€33,593▲ 10.9%€64,554▲ 92.2%€65,549▲ 1.5%€48,139▼ 26.6%
Working capital€61,897▲ 64.1%€72,356▲ 16.9%€46,731▼ 35.4%€24,434▼ 47.7%€11,036▼ 54.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000Operating result 2021: €34,295€34,295Net result 2021: €25,889€25,889Operating result 2022: €30,414€30,414Net result 2022: €22,394€22,394Operating result 2023: €31,904€31,904Net result 2023: €24,000€24,000Operating result 2024: €40,842€40,842Net result 2024: €32,531€32,531Operating result 2025: -€13,690-€13,690Net result 2025: -€13,877-€13,87720212022202320242025-€20,000€0€20,000€40,000Operating result 2023: €31,904€31,900Net result 2023: €24,000€24,000Operating result 2024: €40,842€40,800Net result 2024: €32,531€32,500Operating result 2025: -€13,690-€13,700Net result 2025: -€13,877-€13,900202320242025
The operating result turns negative in 2025: a loss of €13,690 after €40,842 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72,782
Fixed assets €13,607 ▼ 3.4%
Current assets €59,175 ▼ 34.2%
Equity and liabilities €72,782
Equity €24,643 ▼ 36.0%
Debt €48,139 ▼ 26.6%
Debt's share of the balance-sheet total rises from 63.0% to 66.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€11,379▼
2024 · €42,543
Cash flow
-€11,565▼
2024 · €34,232
Current ratio
1.23▼
2024 · 1.37
Debt to equity
1.95▲
2024 · 1.70
ROE
-56.3%▼
2024 · 84.5%
ROA
-19.1%▼
2024 · 31.3%
Interest coverage
-108.96▼
2024 · 407.50
Debt ≤ 1 year
€48,139▼
2024 · €65,549
Income taxes
€322▼
2024 · €8,850
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€104,069€72,782▼
Fixed assets21/28€14,086€13,607▼
Tangible fixed assets22/27€14,086€6,107▼
Furniture and vehicles24€14,086€6,107▼
Financial fixed assets28-€7,500
Current assets29/58€89,983€59,175▼
Amounts receivable within one year40/41€10,843€7,805▼
Trade receivables40€10,730€6,150▼
Other amounts receivable41€113€1,655▲
Cash at bank and in hand54/58€79,140€51,370▼
Equity and liabilities
Total equity and liabilities10/49€104,069€72,782▼
Equity10/15€38,520€24,643▼
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14€36,520€22,643▼
Amounts payable17/49€65,549€48,139▼
Amounts payable within one year42/48€65,549€48,139▼
Trade debts44€619€24▼
Suppliers440/4€619€24▼
Taxes, remuneration and social security45€14,929€9▼
Taxes450/3€14,769€9▼
Remuneration and social security454/9€161-
Other amounts payable47/48€50,000€48,106▼
Income statement Code20242025
Non-recurring operating income76A-€363
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,701€2,312▲
Other operating charges640/8€190€1,158▲
Gross operating margin9900€42,733-€10,221▼
Operating profit (loss)9901€40,842-€13,690▼
Financial income75/76B€643€240▼
Recurring financial income75€643€240▼
Financial charges65/66B€104€104=
Recurring financial charges65€104€104=
Profit (loss) for the period before taxes9903€41,381-€13,555▼
Income taxes67/77€8,850€322▼
Profit (loss) for the period9904€32,531-€13,877▼
Profit (loss) for the period to be appropriated9905€32,531-€13,877▼
Appropriation of the result
Profit (loss) to be appropriated9906€86,520€22,643▼
Profit (loss) brought forward from the previous period14P€53,990€36,520▼
Profit to be distributed694/7€50,000-
Return on contributions (dividend)694€50,000-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€109,880-----
Non-recurring operating income76A--€1,847-€363-
Goods, raw materials, services and sundry goods60/61€79,328-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,277€6,499€6,499€1,701€2,312▲ 35.9%
Other operating charges640/8€640€644€1,530€190€1,158▲ 510%
Gross operating margin9900€41,211€37,557€39,933€42,733-€10,221▼ 124%
Operating profit (loss)9901€34,295€30,414€31,904€40,842-€13,690▼ 134%
Financial income75/76B€8€0€218€643€240▼ 62.7%
Recurring financial income75€0€0€218€643€240▼ 62.7%
Non-recurring financial income76B€8-----
Financial charges65/66B€712€465€249€104€104=
Recurring financial charges65€712€465€249€104€104=
Profit (loss) for the period before taxes9903€33,591€29,949€31,872€41,381-€13,555▼ 133%
Income taxes67/77€7,702€7,555€7,873€8,850€322▼ 96.4%
Profit (loss) for the period9904€25,889€22,394€24,000€32,531-€13,877▼ 143%
Profit (loss) for the period to be appropriated9905€25,889€22,394€24,000€32,531-€13,877▼ 143%
Line20212022202320242025Change
Assets
Total assets20/58€99,876€115,583€120,543€104,069€72,782▼ 30.1%
Fixed assets21/28€16,133€9,634€9,259€14,086€13,607▼ 3.4%
Tangible fixed assets22/27€16,133€9,634€9,259€14,086€6,107▼ 56.6%
Furniture and vehicles24€2,014€1,566€9,259€14,086€6,107▼ 56.6%
Leasing and similar rights25€14,118€8,068----
Financial fixed assets28----€7,500-
Current assets29/58€83,744€105,949€111,285€89,983€59,175▼ 34.2%
Amounts receivable within one year40/41€9,984€2,004€13,371€10,843€7,805▼ 28.0%
Trade receivables40€7,280-€8,258€10,730€6,150▼ 42.7%
Other amounts receivable41€2,704€2,004€5,113€113€1,655▲ 1,363%
Cash at bank and in hand54/58€73,760€103,945€97,913€79,140€51,370▼ 35.1%
Equity and liabilities
Total equity and liabilities10/49€99,876€115,583€120,543€104,069€72,782▼ 30.1%
Equity10/15€69,596€81,990€55,990€38,520€24,643▼ 36.0%
Contributions10/11€2,000€2,000€2,000€2,000€2,000=
Profit (loss) carried forward14€67,596€79,990€53,990€36,520€22,643▼ 38.0%
Amounts payable17/49€30,281€33,593€64,554€65,549€48,139▼ 26.6%
Amounts payable after more than one year17€8,434-----
Financial debts170/4€8,434-----
Amounts payable within one year42/48€21,847€33,593€64,554€65,549€48,139▼ 26.6%
Current portion of amounts payable after more than one year42€4,664€6,381----
Trade debts44€4,673€4,231€492€619€24▼ 96.2%
Suppliers440/4€4,673€4,231€492€619€24▼ 96.2%
Taxes, remuneration and social security45€10,593€11,065€14,062€14,929€9▼ 99.9%
Taxes450/3€10,593€10,777€13,486€14,769€9▼ 99.9%
Remuneration and social security454/9-€288€576€161--
Other amounts payable47/48€1,917€11,917€50,000€50,000€48,106▼ 3.8%
Line20212022202320242025Change
Profit (loss) for the period9904€25,889€22,394€24,000€32,531-€13,877▼ 143%
+ Depreciation and write-downs630€6,277€6,499€6,499€1,701€2,312▲ 35.9%
Operating cash flow (approximation)€32,165€28,893€30,498€34,232-€11,565▼ 134%
Investment in fixed assets (approximation)-€0-€6,123-€6,529-€1,832▲ 71.9%
Change in cash-€30,186-€6,032-€18,773-€27,770▼ 47.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
22-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 22 days late
2025
31-12
Financial Weakest financial yearnet -€13,877
Net result drops to -€13,877, the lowest in the series.
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial Highest result since 2019net €32,531 ▲35.5%
Operating result €40,842, net result €32,531, both a record.
21-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
28-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
16-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
13-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
07-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
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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Directors · office · real estate

Directors
2 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, Mons · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
1,447 m²
Parcel 53052A0272/00K002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Brunehaut 117, 7022 Mons
Repair and maintenance of electrical equipment
since 20192.289.293.337
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53052A0272/00K002 Wallonia 1,447 m² - -
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.

Similar companies · same sector, comparable size

Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 4,260 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded17-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors

Scores and ratios are computed by Checked and are not a credit decision.