Skip to content

MAXCO

Active
Private limited companyfounded 2024active for 2 yearsBuret 68, 6662 Houffalize, BelgiumKBO/BCE: BE 1010.718.125
Summary

MAXCO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,210 and a net result of €34,210. Its solvency ranks better than 33% of 812 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00429179.

Equity
€29,210
Total assets
€118,025
Net result
€34,210
Working capital
€23,855

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition
Assets €117,925
Fixed assets €47,613
Current assets €70,312
Equity and liabilities €118,025
Equity €29,210
Debt €88,815
Debt finances 75.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€73,146
Cash flow
€62,783
Current ratio
1.51
Debt to equity
3.04
ROE
117.1%
ROA
29.0%
Interest coverage
16.68
Debt ≤ 1 year
€46,457
Debt > 1 year
€42,358
Income taxes
€5,977

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94.3% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 39 lines
Balance sheet Code2025
Assets
Total assets20/58€118,025
Formation expenses20€100
Fixed assets21/28€47,613
Tangible fixed assets22/27€47,613
Furniture and vehicles24€47,613
Current assets29/58€70,312
Amounts receivable within one year40/41€47,400
Trade receivables40€47,400
Cash at bank and in hand54/58€21,366
Deferred charges and accrued income490/1€1,547
Equity and liabilities
Total equity and liabilities10/49€118,025
Equity10/15€29,210
Contributions10/11€5,000
Contributions outside capital11€5,000
Other1109/19€5,000
Profit (loss) carried forward14€24,210
Amounts payable17/49€88,815
Amounts payable after more than one year17€42,358
Financial debts170/4€42,358
Amounts payable within one year42/48€46,457
Current portion of amounts payable after more than one year42€12,071
Taxes, remuneration and social security45€13,552
Taxes450/3€11,052
Remuneration and social security454/9€2,500
Other amounts payable47/48€20,834
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28,573
Other operating charges640/8€1,437
Non-recurring operating charges66A€3,283
Gross operating margin9900€77,866
Operating profit (loss)9901€44,573
Financial charges65/66B€4,385
Recurring financial charges65€4,385
Profit (loss) for the period before taxes9903€40,188
Income taxes67/77€5,977
Profit (loss) for the period9904€34,210
Profit (loss) for the period to be appropriated9905€34,210
Appropriation of the result
Profit (loss) to be appropriated9906€34,210
Profit to be distributed694/7€10,000
Directors or managers695€10,000

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28,573
Other operating charges640/8€1,437
Non-recurring operating charges66A€3,283
Gross operating margin9900€77,866
Operating profit (loss)9901€44,573
Financial charges65/66B€4,385
Recurring financial charges65€4,385
Profit (loss) for the period before taxes9903€40,188
Income taxes67/77€5,977
Profit (loss) for the period9904€34,210
Profit (loss) for the period to be appropriated9905€34,210
Line2025
Assets
Total assets20/58€118,025
Formation expenses20€100
Fixed assets21/28€47,613
Tangible fixed assets22/27€47,613
Furniture and vehicles24€47,613
Current assets29/58€70,312
Amounts receivable within one year40/41€47,400
Trade receivables40€47,400
Cash at bank and in hand54/58€21,366
Deferred charges and accrued income490/1€1,547
Equity and liabilities
Total equity and liabilities10/49€118,025
Equity10/15€29,210
Contributions10/11€5,000
Contributions outside capital11€5,000
Other1109/19€5,000
Profit (loss) carried forward14€24,210
Amounts payable17/49€88,815
Amounts payable after more than one year17€42,358
Financial debts170/4€42,358
Amounts payable within one year42/48€46,457
Current portion of amounts payable after more than one year42€12,071
Taxes, remuneration and social security45€13,552
Taxes450/3€11,052
Remuneration and social security454/9€2,500
Other amounts payable47/48€20,834
Line2025
Profit (loss) for the period9904€34,210
+ Depreciation and write-downs630€28,573
Operating cash flow (approximation)€62,783

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

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 abbreviated format 26-08-2026 2026-00429179

Similar companies · same sector, comparable size

Of the 14,090 active companies whose main activity is photography, excluding press photography (NACE 74201), figures are known for 2,657. 1,827 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.