Maxett
ActiveSummary
Maxett has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167k and a net result of €-82k. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-89
Solvency57▼-36
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.59 against 9.01 in 2024; short-term debt: 47.8% and cash: 15.6% of total assets), and 68.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
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
31.7%
Return on assets
-15.6%
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
27 d late
2023
30 d late
2022
30 d late
2021
22 d late
2020
23 d late
2019
1 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
€167k▼ 76.8%
2024 · €719k
2018: €14klowest in 8 years
2019: €260k▲ +1705% vs 2018
2020: €364k▲ +40.2% vs 2019
2021: €414k▲ +13.5% vs 2020
2022: €572k▲ +38.3% vs 2021
2023: €545k▼ -4.8% vs 2022
2024: €719k▲ +32.1% vs 2023highest in 8 years
2025: €167k▼ -76.8% vs 2024
2018 → 2025
Total assets
€526k▼ 50.4%
2024 · €1.06M
2018: €418klowest in 8 years
2019: €691k▲ +65.3% vs 2018
2020: €792k▲ +14.7% vs 2019
2021: €772k▼ -2.6% vs 2020
2022: €1.19M▲ +54.6% vs 2021highest in 8 years
2023: €941k▼ -21.1% vs 2022
2024: €1.06M▲ +12.7% vs 2023
2025: €526k▼ -50.4% vs 2024
2018 → 2025
Net result
€-82k
2024 · €175k
2018: €129k
2019: €246k▲ +90.8% vs 2018highest in 8 years
2020: €140k▼ -42.9% vs 2019
2021: €185k▲ +31.9% vs 2020
2022: €215k▲ +16.5% vs 2021
2023: €94k▼ -56.4% vs 2022
2024: €175k▲ +86.3% vs 2023
2025: €-82k▼ -147% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-104k
2024 · €578k
2018: €19k
2019: €248k▲ +1220% vs 2018
2020: €324k▲ +30.7% vs 2019
2021: €393k▲ +21.4% vs 2020
2022: €437k▲ +11.3% vs 2021
2023: €420k▼ -4.0% vs 2022
2024: €578k▲ +37.6% vs 2023highest in 8 years
2025: €-104k▼ -118% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€414k-€572k▲ 38.3%€545k▼ 4.8%€719k▲ 32.1%€167k▼ 76.8%
2021: €414k
2022: €572k▲ +38.3% vs 2021
2023: €545k▼ -4.8% vs 2022
2024: €719k▲ +32.1% vs 2023highest in 5 years
2025: €167k▼ -76.8% vs 2024lowest in 5 years
Operating result€274k-€329k▲ 20.0%€145k▼ 56.0%€255k▲ 76.0%€-62k
2021: €274k
2022: €329k▲ +20.0% vs 2021highest in 5 years
2023: €145k▼ -56.0% vs 2022
2024: €255k▲ +76.0% vs 2023
2025: €-62k▼ -124% vs 2024lowest in 5 years
Net result€185k-€215k▲ 16.5%€94k▼ 56.4%€175k▲ 86.3%€-82k
2021: €185k
2022: €215k▲ +16.5% vs 2021highest in 5 years
2023: €94k▼ -56.4% vs 2022
2024: €175k▲ +86.3% vs 2023
2025: €-82k▼ -147% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €62k after €255k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €526k
Fixed assets
€378k ▼ 8.0%
Current assets
€148k ▼ 77.3%
Equity and liabilities €526k
Equity
€167k ▼ 76.8%
Debt
€359k ▲ 5.1%
Debt's share of the balance-sheet total rises from 32.2% to 68.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-29k▼
2024 · €292k
Cash flow
€-49k▼
2024 · €212k
Current ratio
0.59▼
2024 · 9.01
Debt to equity
2.15▲
2024 · 0.48
ROE
-49.1%▼
2024 · 24.3%
ROA
-15.6%▼
2024 · 16.5%
Interest coverage
-1.47▼
2024 · 16.32
Debt ≤ 1 year
€252k▲
2024 · €72k
Debt > 1 year
€108k▼
2024 · €122k
Income taxes
€398▼
2024 · €62k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.06M€526k▼
Fixed assets21/28€411k€378k▼
Tangible fixed assets22/27€411k€378k▼
Land and buildings22€391k€373k▼
Furniture and vehicles24€20k€6k▼
Financial fixed assets28€25€25=
Current assets29/58€650k€148k▼
Amounts receivable within one year40/41€14k€778▼
Trade receivables40€7k-
Other amounts receivable41€8k€778▼
Current investments50/53€276k€60k▼
Cash at bank and in hand54/58€257k€82k▼
Deferred charges and accrued income490/1€103k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.06M€526k▼
Equity10/15€719k€167k▼
Contributions10/11€12k€12k=
Reserves13€532k€62k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€530k€60k▼
Profit (loss) carried forward14€175k€93k▼
Amounts payable17/49€342k€359k▲
Amounts payable after more than one year17€122k€108k▼
Financial debts170/4€122k€108k▼
Amounts payable within one year42/48€72k€252k▲
Current portion of amounts payable after more than one year42€15k€15k=
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€24k€289▼
Taxes450/3€24k€168▼
Remuneration and social security454/9-€121
Other amounts payable47/48€30k€232k▲
Accrued charges and deferred income492/3€147k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€33k▼
Other operating charges640/8€1k€998▼
Gross operating margin9900€294k€-28k▼
Operating profit (loss)9901€255k€-62k▼
Financial income75/76B€0€4▲
Recurring financial income75€0€4▲
Financial charges65/66B€18k€20k▲
Recurring financial charges65€18k€20k▲
Profit (loss) for the period before taxes9903€237k€-82k▼
Income taxes67/77€62k€398▼
Profit (loss) for the period9904€175k€-82k▼
Profit (loss) for the period to be appropriated9905€175k€-82k▼
Appropriation of the result
Profit (loss) to be appropriated9906€175k€93k▼
Profit (loss) brought forward from the previous period14P-€175k
Transfer from equity791/2-€471k
Profit to be distributed694/7-€471k
Return on contributions (dividend)694-€471k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €32k | €35k | €38k | €33k | ▼ 12.6% |
| Other operating charges640/8 | €589 | €868 | €5k | €1k | €998 | ▼ 29.8% |
| Non-recurring operating charges66A | - | €30k | €753 | - | - | - |
| Gross operating margin9900 | €308k | €392k | €185k | €294k | €-28k | ▼ 110% |
| Operating profit (loss)9901 | €274k | €329k | €145k | €255k | €-62k | ▼ 124% |
| Financial income75/76B | €1 | €56 | €61 | €0 | €4 | ▲ 6,983% |
| Recurring financial income75 | €1 | €56 | €61 | €0 | €4 | ▲ 6,983% |
| Financial charges65/66B | €9k | €9k | €8k | €18k | €20k | ▲ 10.0% |
| Recurring financial charges65 | €9k | €9k | €8k | €18k | €20k | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | €265k | €320k | €136k | €237k | €-82k | ▼ 134% |
| Income taxes67/77 | €80k | €105k | €42k | €62k | €398 | ▼ 99.4% |
| Profit (loss) for the period9904 | €185k | €215k | €94k | €175k | €-82k | ▼ 147% |
| Profit (loss) for the period to be appropriated9905 | €185k | €215k | €94k | €175k | €-82k | ▼ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €772k | €1.19M | €941k | €1.06M | €526k | ▼ 50.4% |
| Fixed assets21/28 | €247k | €434k | €410k | €411k | €378k | ▼ 8.0% |
| Tangible fixed assets22/27 | €247k | €434k | €410k | €411k | €378k | ▼ 8.0% |
| Land and buildings22 | €189k | €387k | €372k | €391k | €373k | ▼ 4.7% |
| Furniture and vehicles24 | €58k | €46k | €37k | €20k | €6k | ▼ 71.4% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €525k | €759k | €532k | €650k | €148k | ▼ 77.3% |
| Amounts receivable within one year40/41 | €22k | €253k | €40k | €14k | €778 | ▼ 94.5% |
| Trade receivables40 | €21k | €248k | €27k | €7k | - | - |
| Other amounts receivable41 | €743 | €5k | €13k | €8k | €778 | ▼ 89.6% |
| Current investments50/53 | €283k | €369k | €369k | €276k | €60k | ▼ 78.1% |
| Cash at bank and in hand54/58 | €212k | €134k | €119k | €257k | €82k | ▼ 68.0% |
| Deferred charges and accrued income490/1 | €8k | €3k | €4k | €103k | €4k | ▼ 95.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €772k | €1.19M | €941k | €1.06M | €526k | ▼ 50.4% |
| Equity10/15 | €414k | €572k | €545k | €719k | €167k | ▼ 76.8% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €257k | €472k | €532k | €532k | €62k | ▼ 88.4% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €255k | €471k | €530k | €530k | €60k | ▼ 88.7% |
| Profit (loss) carried forward14 | €144k | €87k | - | €175k | €93k | ▼ 46.9% |
| Amounts payable17/49 | €358k | €621k | €397k | €342k | €359k | ▲ 5.1% |
| Amounts payable after more than one year17 | €165k | €151k | €138k | €122k | €108k | ▼ 12.0% |
| Financial debts170/4 | €165k | €151k | €138k | €122k | €108k | ▼ 12.0% |
| Amounts payable within one year42/48 | €132k | €322k | €112k | €72k | €252k | ▲ 249% |
| Current portion of amounts payable after more than one year42 | €13k | €13k | €14k | €15k | €15k | = |
| Trade debts44 | €2k | €254k | €2k | €3k | €4k | ▲ 47.2% |
| Suppliers440/4 | €2k | €254k | €2k | €3k | €4k | ▲ 47.2% |
| Taxes, remuneration and social security45 | €41k | €535 | €631 | €24k | €289 | ▼ 98.8% |
| Taxes450/3 | €41k | €535 | €631 | €24k | €168 | ▼ 99.3% |
| Remuneration and social security454/9 | - | - | - | - | €121 | - |
| Other amounts payable47/48 | €76k | €55k | €96k | €30k | €232k | ▲ 674% |
| Accrued charges and deferred income492/3 | €61k | €147k | €147k | €147k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €185k | €215k | €94k | €175k | €-82k | ▼ 147% |
| + Depreciation and write-downs630 | €33k | €32k | €35k | €38k | €33k | ▼ 12.6% |
| Operating cash flow (approximation) | €218k | €247k | €129k | €212k | €-49k | ▼ 123% |
| Investment in fixed assets (approximation) | - | €-218k | €-11k | €-39k | €0 | ▲ 100% |
| Change in cash | - | €-78k | €-15k | €139k | €-175k | ▼ 226% |
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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-82k
Net result drops to €-82k, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 4.75
Current ratio from 2.36 to 4.75; short-term debt falls from €322k to €112k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €500kEq €572k ▲38.3%
5 profitable years in a row build equity to €572k.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €246k ▲90.8%
Operating result €369k, net result €246k, both a record.
31-12
Financial
Equity above €200kEq €260k ▲1,705%
2 profitable years in a row build equity to €260k.
Show earlier events
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Wavre · 1 establishment unit since 2009
Ground area
1,416 m²
Building footprint
102 m²
Volume, LiDAR
725 m³
Parcel 25006D0079/00Z000, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
HELEN DUNNETT CONSULTING
since 20092.183.518.104
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006D0079/00Z000 | Wallonia | 1,416 m² | 1 · 102 m² | 9.2 m · 2 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.
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 5,221 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
72109Other research and development on natural sciences
73300Public relations and communication consultancy
74999Other professional, scientific and technical activities
85592Vocational training
Scores and ratios are computed by Checked and are not a credit decision.