MAXEDAN
ActiveSummary
The computed 12-month bankruptcy probability of MAXEDAN is 4.3% (elevated). The 2025 annual accounts show negative equity (-€20,972) and a net result of €34,166. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 13560 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency9▲+9
Growth58=
Track record94
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.49 in 2024; short-term debt: 111.9% and cash: 5.1% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+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
Food and beverage service activities (NACE 56)
about 206% more 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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-15.7%
Return on assets
25.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 13560 sector peers (2025).
NBB · sector comparisonPosition among 13560 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 4 filingsDeviation from the deadline
2025
21 d late
2024
22 d late
2023
30 d late
2022
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€20,972▲ 62.0%
2024 · -€55,137
Total assets
€133,664▲ 105%
2024 · €65,050
Net result
€34,166
2024 · -€10,373
Working capital
-€78,495▼ 27.1%
2024 · -€61,753
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
Line2022202320242025
Operating result-€18,358--€27,826▼ 51.6%-€9,553▲ 65.7%€37,077
Net result-€20,531--€29,234▼ 42.4%-€10,373▲ 64.5%€34,166
Equity-€15,531--€44,764▼ 188%-€55,137▼ 23.2%-€20,972▲ 62.0%
Total assets€82,730-€40,558▼ 51.0%€65,050▲ 60.4%€133,664▲ 105%
Debt€98,261-€85,322▼ 13.2%€120,188▲ 40.9%€154,635▲ 28.7%
Working capital-€30,733--€55,322▼ 80.0%-€61,753▼ 11.6%-€78,495▼ 27.1%
Staff (FTE)2.8-1.8▼ 35.7%1.2▼ 33.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €37,077 after a loss of €9,553 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133,664
Fixed assets
€62,523 ▲ 808%
Current assets
€71,141 ▲ 22.3%
Key figures and ratios
EBITDA
€41,212▲
2024 · -€5,016
Cash flow
€38,300▲
2024 · -€5,836
Solvency
-15.7%▲
2024 · -84.8%
Current ratio
0.48▼
2024 · 0.49
Quick ratio
0.40▼
2024 · 0.40
Debt to equity
-7.37▼
2024 · -2.18
ROA
25.6%▲
2024 · -15.9%
Interest coverage
21.43▲
2024 · -4.37
Debt ≤ 1 year
€149,635▲
2024 · €119,921
Income taxes
€1,014▲
2024 · €128
Staff costs
€0▼
2024 · €27,281
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,176 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 2,176 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €72,905 | €64,150 | €27,281 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,004 | €4,645 | €4,537 | €4,135 | ▼ 8.9% |
| Other operating charges640/8 | €994 | €1,396 | €2,759 | €5,018 | ▲ 81.9% |
| Non-recurring operating charges66A | - | - | €5,255 | €3,153 | ▼ 40.0% |
| Gross operating margin9900 | €59,544 | €42,364 | €30,279 | €49,382 | ▲ 63.1% |
| Operating profit (loss)9901 | -€18,358 | -€27,826 | -€9,553 | €37,077 | ▲ 488% |
| Financial income75/76B | €176 | €0 | €456 | €25 | ▼ 94.5% |
| Recurring financial income75 | €176 | €0 | €456 | €25 | ▼ 94.5% |
| Financial charges65/66B | €2,348 | €1,285 | €1,148 | €1,923 | ▲ 67.4% |
| Recurring financial charges65 | €2,348 | €1,285 | €1,148 | €1,923 | ▲ 67.4% |
| Profit (loss) for the period before taxes9903 | -€20,531 | -€29,110 | -€10,245 | €35,179 | ▲ 443% |
| Income taxes67/77 | - | €123 | €128 | €1,014 | ▲ 692% |
| Profit (loss) for the period9904 | -€20,531 | -€29,234 | -€10,373 | €34,166 | ▲ 429% |
| Profit (loss) for the period to be appropriated9905 | -€20,531 | -€29,234 | -€10,373 | €34,166 | ▲ 429% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €82,730 | €40,558 | €65,050 | €133,664 | ▲ 105% |
| Fixed assets21/28 | €15,202 | €10,558 | €6,883 | €62,523 | ▲ 808% |
| Tangible fixed assets22/27 | €15,202 | €10,558 | €6,883 | €62,523 | ▲ 808% |
| Plant, machinery and equipment23 | €5,144 | €3,882 | €2,619 | €61,112 | ▲ 2,233% |
| Furniture and vehicles24 | €8,028 | €5,294 | €3,530 | €1,411 | ▼ 60.0% |
| Other tangible fixed assets26 | €2,030 | €1,382 | €733 | €0 | ▼ 100% |
| Current assets29/58 | €67,528 | €30,000 | €58,167 | €71,141 | ▲ 22.3% |
| Stocks and contracts in progress3 | €10,262 | €10,050 | €10,050 | €12,000 | ▲ 19.4% |
| Stocks30/36 | €10,262 | €10,050 | €10,050 | €12,000 | ▲ 19.4% |
| Amounts receivable within one year40/41 | €30,993 | €3,047 | €43,489 | €51,145 | ▲ 17.6% |
| Trade receivables40 | €25,126 | €3,047 | €33,387 | €32,255 | ▼ 3.4% |
| Other amounts receivable41 | €5,866 | - | €10,102 | €18,889 | ▲ 87.0% |
| Cash at bank and in hand54/58 | €25,059 | €16,514 | €4,491 | €6,808 | ▲ 51.6% |
| Deferred charges and accrued income490/1 | €1,215 | €390 | €137 | €1,188 | ▲ 765% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €82,730 | €40,558 | €65,050 | €133,664 | ▲ 105% |
| Equity10/15 | -€15,531 | -€44,764 | -€55,137 | -€20,972 | ▲ 62.0% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€20,531 | -€49,764 | -€60,137 | -€25,972 | ▲ 56.8% |
| Amounts payable17/49 | €98,261 | €85,322 | €120,188 | €154,635 | ▲ 28.7% |
| Amounts payable within one year42/48 | €98,261 | €85,322 | €119,921 | €149,635 | ▲ 24.8% |
| Trade debts44 | €69,727 | €62,205 | €90,532 | €146,310 | ▲ 61.6% |
| Suppliers440/4 | €69,727 | €62,205 | €90,532 | €146,310 | ▲ 61.6% |
| Taxes, remuneration and social security45 | €18,865 | €17,601 | €19,388 | €3,325 | ▼ 82.9% |
| Taxes450/3 | €17,432 | €14,132 | €19,388 | €3,325 | ▼ 82.9% |
| Remuneration and social security454/9 | €1,432 | €3,469 | - | €0 | - |
| Other amounts payable47/48 | €9,670 | €5,516 | €10,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | €267 | €5,000 | ▲ 1,772% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,531 | -€29,234 | -€10,373 | €34,166 | ▲ 429% |
| + Depreciation and write-downs630 | €4,004 | €4,645 | €4,537 | €4,135 | ▼ 8.9% |
| Operating cash flow (approximation) | -€16,527 | -€24,589 | -€5,836 | €38,300 | ▲ 756% |
| Investment in fixed assets (approximation) | - | €0 | -€863 | -€59,774 | ▼ 6,828% |
| Change in cash | - | -€8,545 | -€12,023 | €2,317 | ▲ 119% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Back to profitnet €34,166
Net result €34,166 after 3 loss-making years.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€29,234
Net result drops to -€29,234, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Zwalm · 1 establishment unit since 2021
Ground area
3,883 m²
Building footprint
422 m²
Volume, LiDAR
2,263 m³
2 parcels, Flanders · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Etappe 33
since 20212.321.255.233
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45030B0335/00C000 | Flanders | 2,142 m² | 1 · 103 m² | 7.6 m · 2 fl. |
| 45043C0675/00T009 | Flanders | 1,741 m² | 1 · 319 m² | 12.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
1 site · 1 with a smileyKluisbergen2.321.255.233
Similar companies · same sector and region
LYA COMPANY
BE 1017.391.923
Zwalm
Peter & Rachid
BE 0774.478.781
Zwalm
'T PAUWKE
BE 0424.209.605
Beveren-Kruibeke-Zwijndrecht
APPLE ENTERPRISES
BE 0422.639.193
Hamme (Vl.)
ATHENE
BE 0428.580.147
Gent
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0773412078
Also
9925:BE0773412078
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.