From the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MAXEL 2004 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €318,328 and a net result of €315,328. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 9,750 sector peers (NACE 64, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
14-07
financial year 2025 · micro format
2025
07-07
financial year 2024 · micro format
2024
31-12
Financial
Liquidity more than quadruplescurrent ratio 32.02
Current ratio from 6.45 to 32.02; short-term debt falls from €100,325 to €33,414.
31-12
Financial
Equity above €1mequity €1.0m ▲53%
A profit in every financial year since 2021 builds equity to €1.0m.
18-07
financial year 2023 · micro format
2023
31-12
Financial
Highest result from 2021 to 2025net €467,352 ▲306%
Operating result €619,878, net result €467,352, both a record.
31-12
Financial
Equity above €500,000equity €677,431 ▲222%
A profit in every financial year since 2021 builds equity to €677,431.
26-06
financial year 2022 · micro format
2022
31-12
Financial
Equity above €200,000equity €210,080 ▲121%
A profit in every financial year since 2021 builds equity to €210,080.
12-10
financial year 2021 · micro format · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank