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Maxcore

Active
Public limited companyfounded 201313 yrs activeEmile Maxlaan 57, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0536.615.381
Summary

The computed 12-month bankruptcy probability of Maxcore is 2.0% (moderate). The 2024 annual accounts show equity of €226,189 and a net result of -€34,884. Equity is shrinking by ~11.6% per year across the filed fiscal years. The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability36=
Solvency43▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
cash: 1% of total assets, and 81.7% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
18.3%
Return on assets
-2.8%
Age of the figures
21 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 13 years 0 20 y
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€34,884
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-06-2025, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
52 d early
2023
45 d early
2022
49 d early
2021
47 d early
2020
9 d late
2019
16 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 33 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
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 11 July 2013, Maxcore was incorporated.1 Total assets went from EUR 1.4 million in 2018 to EUR 1.2 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€226,189▼ 13.4%
2023 · €261,073
Total assets
€1.2m▼ 4.8%
2023 · €1.3m
Net result
-€34,884▲ 0.1%
2023 · -€34,928
Working capital
-€22,362▲ 48.8%
2019 · -€43,690
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
Line20202021202220232024
Operating result-€48,197▼ 10.7%-€41,638▲ 13.6%-€19,216▲ 53.9%-€24,571▼ 27.9%-€24,640▼ 0.3%
Net result-€45,153▲ 10.1%-€54,069▼ 19.7%-€29,515▲ 45.4%-€34,928▼ 18.3%-€34,884▲ 0.1%
Equity€379,586▼ 10.6%€325,516▼ 14.2%€296,001▼ 9.1%€261,073▼ 11.8%€226,189▼ 13.4%
Total assets€1.4m▼ 2.1%€1.3m▼ 3.7%€1.3m▼ 2.3%€1.3m▼ 1.1%€1.2m▼ 4.8%
Debt€1.0m▲ 1.5%€1.0m▲ 0.2%€1.0m▼ 0.1%€1.0m▲ 2.0%€1.0m▼ 2.7%
Working capital-€22,362▲ 48.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0Operating result 2020: -€48,197-€48,197Net result 2020: -€45,153-€45,153Operating result 2021: -€41,638-€41,638Net result 2021: -€54,069-€54,069Operating result 2022: -€19,216-€19,216Net result 2022: -€29,515-€29,515Operating result 2023: -€24,571-€24,571Net result 2023: -€34,928-€34,928Operating result 2024: -€24,640-€24,640Net result 2024: -€34,884-€34,88420202021202220232024-€40,000-€30,000-€20,000-€10,000€0Operating result 2022: -€19,216-€19,200Net result 2022: -€29,515-€29,500Operating result 2023: -€24,571-€24,600Net result 2023: -€34,928-€34,900Operating result 2024: -€24,640-€24,600Net result 2024: -€34,884-€34,900202220232024
The operating result stays negative: a loss of €24,640 in 2024 against €24,571 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets €1.2m ▼ 3.9%
Current assets €12,456 ▼ 51.7%
Equity and liabilities €1.2m
Equity €226,189 ▼ 13.4%
Debt €1.0m ▼ 2.7%
Debt's share of the balance-sheet total rises from 79.9% to 81.7%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€25,062▼
2023 · €25,859
Cash flow
€14,817▼
2023 · €15,502
Debt to equity
4.47▲
2023 · 3.98
ROE
-15.4%▼
2023 · -13.4%
ROA
-2.8%▼
2023 · -2.7%
Interest coverage
2.45▼
2023 · 2.50
Debt > 1 year
€1.0m▼
2023 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,422 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a small loss
0.8% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.0% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,422 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 · 2024 against 2023 · 29 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.3m€1.2m▼
Fixed assets21/28€1.3m€1.2m▼
Tangible fixed assets22/27€1.3m€1.2m▼
Land and buildings22€1.3m€1.2m▼
Furniture and vehicles24€746-
Financial fixed assets28€1,940€1,940=
Current assets29/58€25,774€12,456▼
Cash at bank and in hand54/58€25,774€12,456▼
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.2m▼
Equity10/15€261,073€226,189▼
Contributions10/11€880,000€880,000=
Capital10€880,000€880,000=
Issued capital100€880,000€880,000=
Profit (loss) carried forward14-€618,927-€653,811▼
Amounts payable17/49€1.0m€1.0m▼
Amounts payable after more than one year17€1.0m€1.0m▼
Financial debts170/4€1.0m€1.0m▼
Accrued charges and deferred income492/3€10,288€10,153▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50,431€49,701▼
Other operating charges640/8€916€11,637▲
Gross operating margin9900€26,775€36,699▲
Operating profit (loss)9901-€24,571-€24,640▼
Financial charges65/66B€10,357€10,244▼
Recurring financial charges65€10,357€10,244▼
Profit (loss) for the period before taxes9903-€34,928-€34,884▲
Profit (loss) for the period9904-€34,928-€34,884▲
Profit (loss) for the period to be appropriated9905-€34,928-€34,884▲
Appropriation of the result
Profit (loss) to be appropriated9906-€618,927-€653,811▼
Profit (loss) brought forward from the previous period14P-€583,999-€618,927▼

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

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49,530€49,530€50,504€50,431€49,701▼ 1.4%
Other operating charges640/8-€5,158€4,394€916€11,637▲ 1,171%
Gross operating margin9900€6,458€13,050€35,683€26,775€36,699▲ 37.1%
Operating profit (loss)9901-€48,197-€41,638-€19,216-€24,571-€24,640▼ 0.3%
Financial charges65/66B-€12,432€10,300€10,357€10,244▼ 1.1%
Recurring financial charges65-€3,044€12,432€10,300€10,357€10,244▼ 1.1%
Profit (loss) for the period before taxes9903-€45,153-€54,069-€29,515-€34,928-€34,884▲ 0.1%
Profit (loss) for the period9904-€45,153-€54,069-€29,515-€34,928-€34,884▲ 0.1%
Profit (loss) for the period to be appropriated9905-€45,153-€54,069-€29,515-€34,928-€34,884▲ 0.1%
Line20202021202220232024Change
Assets
Total assets20/58€1.4m€1.3m€1.3m€1.3m€1.2m▼ 4.8%
Fixed assets21/28€1.4m€1.3m€1.3m€1.3m€1.2m▼ 3.9%
Tangible fixed assets22/27€1.4m€1.3m€1.3m€1.3m€1.2m▼ 3.9%
Land and buildings22-€1.3m€1.3m€1.3m€1.2m▼ 3.8%
Furniture and vehicles24-€4,208€2,159€746--
Financial fixed assets28€1,940€1,940€1,940€1,940€1,940=
Current assets29/58€3,788€1,747€3,499€25,774€12,456▼ 51.7%
Cash at bank and in hand54/58€3,788€1,747€3,499€25,774€12,456▼ 51.7%
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.3m€1.3m€1.3m€1.2m▼ 4.8%
Equity10/15€379,586€325,516€296,001€261,073€226,189▼ 13.4%
Contributions10/11€880,000€880,000€880,000€880,000€880,000=
Capital10-€880,000€880,000€880,000€880,000=
Issued capital100-€880,000€880,000€880,000€880,000=
Profit (loss) carried forward14-€500,414-€554,484-€583,999-€618,927-€653,811▼ 5.6%
Amounts payable17/49€1.0m€1.0m€1.0m€1.0m€1.0m▼ 2.7%
Amounts payable after more than one year17€983,750€1.0m€1.0m€1.0m€1.0m▼ 2.7%
Financial debts170/4-€1.0m€1.0m€1.0m€1.0m▼ 2.7%
Amounts payable within one year42/48€26,150-----
Accrued charges and deferred income492/3-€1,150-€10,288€10,153▼ 1.3%
Line20202021202220232024Change
Profit (loss) for the period9904-€45,153-€54,069-€29,515-€34,928-€34,884▲ 0.1%
+ Depreciation and write-downs630€49,530€49,530€50,504€50,431€49,701▼ 1.4%
Operating cash flow (approximation)€4,377-€4,540€20,989€15,502€14,817▼ 4.4%
Investment in fixed assets (approximation)-€0-€18,087-€13,515€0▲ 100%
Change in cash--€2,041€1,752€22,275-€13,318▼ 160%

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

2025
09-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
16-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Weakest financial yearnet -€54,069
Net result drops to -€54,069, the lowest in the series; recovery starts the following year.
09-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
15-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Schaarbeek · 1 establishment unit since 2013
seat establishment The establishment unit on the map
Ground area
218 m²
Building footprint
166 m²
Volume, LiDAR
2,025 m³
Parcel 21905C0024/00L002, Brussels · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Maxcore
Emile Maxlaan 57, 1030 SchaarbeekRenting and operating of own or leased residential real estate, excluding social housing
since 20132.220.781.445
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21905C0024/00L002 Brussels 217 m² 1 · 166 m² 17.6 m · 5 fl.
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.

Identification & contact

Identification
Legal formPublic limited company
Founded11-07-2013
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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