MAXCEL
ActiveSummary
The computed 12-month bankruptcy probability of MAXCEL is 1.5% (moderate). The 2025 annual accounts show equity of €78k and a net result of €13k. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 69% of 13417 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+36
Solvency78▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 1.75 in 2024; short-term debt: 47.1% and cash: 28.4% of total assets), and 47.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
52.9%
Return on assets
8.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
45 d early
2023
47 d early
2022
54 d early
2021
12 d late
2020
26 d late
2019
30 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€78k▲ 19.9%
2024 · €65k
2018: €24k
2019: €26k
2020: €22k
2021: €72k
2022: €88k
2023: €64k
2024: €65k
2018 → 2025
Total assets
€147k▲ 2.1%
2024 · €144k
2018: €129k
2019: €104k
2020: €80k
2021: €106k
2022: €187k
2023: €112k
2024: €144k
2018 → 2025
Net result
€13k▲ 2,400%
2024 · €516
2018: €-5k
2019: €3k
2020: €-4k
2021: €50k
2022: €21k
2023: €-24k
2024: €516
2018 → 2025
Working capital
€74k▲ 24.2%
2024 · €60k
2018: €-27k
2019: €-20k
2020: €-12k
2021: €50k
2022: €76k
2023: €57k
2024: €60k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€88k▲ 22.8%€64k▼ 26.9%€65k▲ 0.8%€78k▲ 19.9%
Operating result€53k-€25k▼ 53.0%€-20k€2k€16k▲ 532%
Net result€50k-€21k▼ 57.8%€-24k€516€13k▲ 2,400%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 532% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147k
Fixed assets
€4k ▼ 28.5%
Current assets
€143k ▲ 3.3%
Equity and liabilities €147k
Equity
€78k ▲ 19.9%
Debt
€69k ▼ 12.4%
Debt's share of the balance-sheet total falls from 54.9% to 47.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▲
2024 · €5k
Cash flow
€14k▲
2024 · €3k
Current ratio
2.07▲
2024 · 1.75
Quick ratio
2.00▲
2024 · 1.69
Debt to equity
0.89▼
2024 · 1.22
ROE
16.6%▲
2024 · 0.8%
ROA
8.8%▲
2024 · 0.4%
Interest coverage
5.74▲
2024 · 2.77
Debt ≤ 1 year
€69k▼
2024 · €79k
Income taxes
€0=
2024 · €0
Staff costs
€77k▲
2024 · €64k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€144k€147k▲
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€4k€3k▼
Land and buildings22€0€0=
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€470€148▼
Financial fixed assets28€1k€1k=
Current assets29/58€139k€143k▲
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€93k€97k▲
Trade receivables40€46k€56k▲
Other amounts receivable41€47k€41k▼
Cash at bank and in hand54/58€41k€42k▲
Equity and liabilities
Total equity and liabilities10/49€144k€147k▲
Equity10/15€65k€78k▲
Contributions10/11€19k€19k=
Reserves13€68k€68k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€66k€66k=
Profit (loss) carried forward14€-21k€-8k▲
Amounts payable17/49€79k€69k▼
Amounts payable within one year42/48€79k€69k▼
Current portion of amounts payable after more than one year42€9k€9k=
Trade debts44€66k€57k▼
Suppliers440/4€66k€57k▼
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€22€19▼
Remuneration and social security454/9€3k€3k▼
Other amounts payable47/48€860€585▼
Income statement
Code20242025
Remuneration, social security and pensions62€64k€77k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€5k€14k▲
Gross operating margin9900€74k€108k▲
Operating profit (loss)9901€2k€16k▲
Financial income75/76B€0€163▲
Recurring financial income75€0€163▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€516€13k▲
Income taxes67/77€0€0=
Profit (loss) for the period9904€516€13k▲
Profit (loss) for the period to be appropriated9905€516€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-8k▲
Profit (loss) brought forward from the previous period14P€-22k€-21k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €516
Net result €516 after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.49
Current ratio from 0.79 to 2.49; short-term debt falls from €57k to €34k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
02-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 155 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Leuven · 2 establishment units since 2003
Ground area
2.8 ha
Building footprint
3,716 m²
Volume, LiDAR
71,075 m³
2 parcels, Flanders · tallest building 32.1 m, ±9 floors. Linked by address, not a title deed.
2 establishment units
Pure Ü
since 20032.133.133.235
PURE LUNCHBAR
since 20092.176.127.494
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24514C0073/00E000 | Flanders | 2.1 ha | 1 · 1,688 m² | 17.3 m · 5 fl. |
| 24433E0025/00C002 | Flanders | 6,606 m² | 1 · 2,027 m² | 32.0 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesLeuven2.133.133.235
Leuven2.176.127.494
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 9,785 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:016/400 606