Equity
Equity fell by 70% in 3 years.
Equity fell by 70% in 3 years.
The 2019 accounts came latest: 68 days after the end of the period.
Lower net result than 91% of companies in architecture and engineering. Sector median €16,690 · 11,795 companies.
In July 2024, 3,591 companies had the same profile as MaxCec has now. Each dot stands for 9 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,591 companies, not a prediction for MaxCec. 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 | ||||
|---|---|---|---|---|
| MaxCec Mons | €72,782 | -€10,221 | 33.9% | - |
| ICS Ingenieur Conseils Stabilité Fleurus | €82,847 | -€767 | 39.0% | - |
| Han Communication Walcourt | €74,542 | -€21,447 | -1455.6% | - |
| PYD Architecte Theux | €80,755 | -€23,838 | 67.4% | - |
| HANNA CONSULTING SERVICES Berchem-Sainte-Agathe | €82,958 | -€3,466 | 91.9% | - |
| RAIL SUPPORT SERVICES Ranst | €66,190 | -€4,102 | 85.8% | - |
| STENITRAM Brussels | €84,560 | -€14,907 | -6.0% | - |
These companies have the same main activity as MaxCec: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €66,200 and €84,600, founded between 2018 and 2019.
MaxCec files the micro format. That format states no turnover. The gross margin fell from €21,213 in 2019 to -€10,221 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Amounts without an identifiable currency are taken as euros.
Higher than 32% of 11,794 companies in 2025.
Higher than 29% of 11,521 companies in 2025.
Higher than 7% of 11,605 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
72,782 | 104,069 | 120,543 | 115,583 | 99,876 | 85,488 | 50,208 | |
21/28 |
13,607 | 14,086 | 9,259 | 9,634 | 16,133 | 20,169 | 26,220 | |
22/27 |
6,107 | 14,086 | 9,259 | 9,634 | 16,133 | 20,169 | 26,220 | |
24 |
6,107 | 14,086 | 9,259 | 1,566 | 2,014 | - | - | |
25 |
- | - | - | 8,068 | 14,118 | - | - | |
28 |
7,500 | - | - | - | - | - | - | |
29/58 |
59,175 | 89,983 | 111,285 | 105,949 | 83,744 | 65,319 | 23,988 | |
40/41 |
7,805 | 10,843 | 13,371 | 2,004 | 9,984 | 13,660 | - | |
40 |
6,150 | 10,730 | 8,258 | - | 7,280 | 10,346 | - | |
41 |
1,655 | 113 | 5,113 | 2,004 | 2,704 | 3,314 | - | |
54/58 |
51,370 | 79,140 | 97,913 | 103,945 | 73,760 | 51,659 | 23,988 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
72,782 | 104,069 | 120,543 | 115,583 | 99,876 | 85,488 | 50,208 | |
10/15 |
24,643 | 38,520 | 55,990 | 81,990 | 69,596 | 43,707 | 14,014 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
100 |
- | - | - | - | - | 2,000 | 2,000 | |
14 |
22,643 | 36,520 | 53,990 | 79,990 | 67,596 | 41,707 | 12,014 | |
17/49 |
48,139 | 65,549 | 64,554 | 33,593 | 30,281 | 41,781 | 36,193 | |
17 |
- | - | - | - | 8,434 | 14,020 | 19,431 | |
170/4 |
- | - | - | - | 8,434 | 14,020 | 19,431 | |
42/48 |
48,139 | 65,549 | 64,554 | 33,593 | 21,847 | 27,596 | 16,763 | |
42 |
- | - | - | 6,381 | 4,664 | 4,396 | 5,239 | |
44 |
24 | 619 | 492 | 4,231 | 4,673 | 3,128 | 208 | |
440/4 |
24 | 619 | 492 | 4,231 | 4,673 | 3,128 | 208 | |
45 |
9 | 14,929 | 14,062 | 11,065 | 10,593 | 18,155 | 9,399 | |
450/3 |
9 | 14,769 | 13,486 | 10,777 | 10,593 | 17,867 | 8,967 | |
454/9 |
- | 161 | 576 | 288 | - | 288 | 432 | |
47/48 |
48,106 | 50,000 | 50,000 | 11,917 | 1,917 | 1,917 | 1,918 | |
492/3 |
- | - | - | - | - | 166 | - | |
| Income statement | ||||||||
70 |
- | - | - | - | 109,880 | 114,150 | 66,500 | |
76A |
363 | - | 1,847 | - | - | - | - | |
9900 |
-10,221 | 42,733 | 39,933 | 37,557 | 41,211 | 45,256 | 21,213 | |
60/61 |
- | - | - | - | 79,328 | 79,490 | 52,163 | |
630 |
2,312 | 1,701 | 6,499 | 6,499 | 6,277 | 6,051 | 4,034 | |
640/8 |
1,158 | 190 | 1,530 | 644 | 640 | 291 | 1,181 | |
9901 |
-13,690 | 40,842 | 31,904 | 30,414 | 34,295 | 38,915 | 15,998 | |
75/76B |
240 | 643 | 218 | 0 | 8 | 0 | 0 | |
75 |
240 | 643 | 218 | 0 | 0 | 0 | 0 | |
76B |
- | - | - | - | 8 | - | - | |
65/66B |
104 | 104 | 249 | 465 | 712 | 790 | 429 | |
65 |
104 | 104 | 249 | 465 | 712 | 790 | 429 | |
9903 |
-13,555 | 41,381 | 31,872 | 29,949 | 33,591 | 38,125 | 15,570 | |
67/77 |
322 | 8,850 | 7,873 | 7,555 | 7,702 | 8,433 | 3,556 | |
9904 |
-13,877 | 32,531 | 24,000 | 22,394 | 25,889 | 29,693 | 12,014 | |
9905 |
-13,877 | 32,531 | 24,000 | 22,394 | 25,889 | 29,693 | 12,014 | |
| Appropriation of the result | ||||||||
9906 |
22,643 | 86,520 | 103,990 | 89,990 | 67,596 | 41,707 | 12,014 | |
14P |
36,520 | 53,990 | 79,990 | 67,596 | 41,707 | - | - | |
694/7 |
- | 50,000 | 50,000 | 10,000 | - | - | - | |
694 |
- | 50,000 | 50,000 | 10,000 | - | - | - | |
| Document | ||||||||
The notes to these accounts have 8 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 22-08-2026.
2025 annual accounts filed 22 days after the deadline. Filed on 22 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00425579.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-08-2026 | 2026-00425579 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00438408 | |
| 31-12-2023 | micro format | 21-08-2024 | 2024-00396534 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00364323 | |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20289193 | |
| 31-12-2020 | micro format | 13-08-2021 | 2021-48700585 | |
| 31-12-2019 | micro format | 07-10-2020 | 2020-59800169 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| -11,379 | 42,543 | 38,403 | 36,913 | 40,571 | 44,965 | 20,032 | ||
| -11,565 | 34,232 | 30,498 | 28,893 | 32,165 | 35,743 | 16,048 | ||
| 8,709 | 6,529 | 8,140 | 0 | 2,240 | 0 | 30,254 | ||
| -27,770 | -18,773 | -6,032 | 30,186 | 22,100 | 27,671 | - | ||
| 11,036 | 24,434 | 46,731 | 72,356 | 61,897 | 37,723 | 7,225 | ||
| - | - | - | - | 31.2% | 34.1% | 24.1% | ||
| 33.9% | 37.0% | 46.4% | 70.9% | 69.7% | 51.1% | 27.9% | ||
| 1.23 | 1.37 | 1.72 | 3.15 | 3.83 | 2.37 | 1.43 | ||
| 1.95 | 1.70 | 1.15 | 0.41 | 0.44 | 0.96 | 2.58 | ||
| -56.3% | 84.5% | 42.9% | 27.3% | 37.2% | 67.9% | 85.7% | ||
| -19.1% | 31.3% | 19.9% | 19.4% | 25.9% | 34.7% | 23.9% | ||
| -108.96 | over 100 | over 100 | 79.38 | 57.00 | - | - | ||
| - | - | - | - | 24 days | 33 days | - | ||
| - | - | - | - | 22 days | 14 days | 1 day |
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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,209 | €6,529 | €8,140 | - | €2,240 |
| Financial fixed assets | €7,500 | - | - | - | - |
| €2,312 | €1,701 | €6,499 | €6,499 | €6,277 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €13,690, after a profit of €40,842 in 2024. It is the lowest result since 2019.
Debt's share of the balance-sheet total rises from 63.0% to 66.1%. Equity and debt are lower.
MaxCec has no parent and no holdings in its annual accounts. is the only director. MaxCec shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
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 |
|---|---|---|
| Rue Brunehaut 117 registered office 7022 Mons | 17-05-2019 | 2.289.293.337 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 53052A0272/00K002 | 1,447 m² | - | - |
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