MAXFAC
ActiveSummary
MAXFAC has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €569,133 and a net result of €559,133. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 59% of 20,700 sector peers (NACE 86, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-06-2019 Normal situation
- Activity
- Dental practice NACE 86230and 1 other
- Establishment unit
- 2.290.312.233 4700 Eupen, since 03-06-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 28-05-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €789,071
- ▲ 44.9%
- Turnover
- ≈ €1.2m
- estimated
- Profit
- €559,133
- ▲ 47.3%
- Equity
- €569,133
- ▲ 57×
- Total assets
- €794,702
- ▲ 34.2%
- 2025 accounts filed 24 days after the deadline
Score breakdownlowers riskSector: Human health activities (NACE 86)Liquidity: current ratio 3.30, cash €439,963Size: total assets €794,702Figures for financial year 2025 (filed on 24-08-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 86, micro). It does better than 60% of them on solvency, 72% on liquidity, 80% on profitability and 99% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 14 days after the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 24 days after the deadline Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00417275.
Annual accounts 2025 filed on 24-08-2026 at the NBB all 7 filings
Every figure per financial year
The operating result for 2025 is 49% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 |
|---|---|
| Average over the year, in full-time equivalents | 0.1 |
| Joined | 1 |
| Left | 2 |
Source: social balance sheet in the 2021 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,069 | €75,245 | €6,975 | - | - |
| Depreciation and write-downs of the year | €45,001 | €59,996 | €52,919 | €48,580 | €48,580 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10,316 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €3,911 | €725 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,378 | €61,567 | €45,001 | €59,996 | €52,919 | €48,580 | €48,580 | = |
| Other operating charges640/8 | - | - | €843 | €331 | €222 | €161 | €741 | ▲ 361% |
| Gross operating margin9900 | €88,307 | €84,733 | €284,881 | €410,935 | €527,176 | €544,590 | €789,071 | ▲ 44.9% |
| Operating profit (loss)9901 | €35,520 | €7,688 | €235,126 | €349,883 | €474,034 | €495,849 | €739,749 | ▲ 49.2% |
| Financial income75/76B | - | - | €9 | €167 | €4,154 | €5,531 | €11,439 | ▲ 107% |
| Recurring financial income75 | - | €0 | €9 | €167 | €4,154 | €5,531 | €11,439 | ▲ 107% |
| Financial charges65/66B | - | - | €2,305 | €2,137 | €1,692 | €1,235 | €953 | ▼ 22.8% |
| Recurring financial charges65 | €30 | €1,799 | €2,305 | €2,137 | €1,692 | €1,235 | €953 | ▼ 22.8% |
| Profit (loss) for the period before taxes9903 | €35,491 | €5,890 | €232,830 | €347,913 | €476,497 | €500,145 | €750,236 | ▲ 50.0% |
| Income taxes67/77 | €7,209 | €2,449 | €49,299 | €84,623 | €115,987 | €120,570 | €191,103 | ▲ 58.5% |
| Profit (loss) for the period9904 | €28,281 | €3,440 | €183,531 | €263,291 | €360,510 | €379,575 | €559,133 | ▲ 47.3% |
| Profit (loss) for the period to be appropriated9905 | €28,281 | €3,440 | €183,531 | €263,291 | €360,510 | €379,575 | €559,133 | ▲ 47.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €390,260 | €340,925 | €450,398 | €577,434 | €616,971 | €591,965 | €794,702 | ▲ 34.2% |
| Formation expenses20 | - | - | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €299,354 | €237,787 | €178,671 | €193,919 | €147,976 | €99,395 | €50,815 | ▼ 48.9% |
| Intangible fixed assets21 | €208,815 | €180,690 | €152,565 | €124,440 | €96,315 | €68,190 | €40,065 | ▼ 41.2% |
| Tangible fixed assets22/27 | €90,539 | €57,097 | €26,106 | €69,479 | €51,660 | €31,205 | €10,750 | ▼ 65.6% |
| Plant, machinery and equipment23 | - | - | - | €3,510 | €3,133 | €2,757 | €2,380 | ▼ 13.7% |
| Furniture and vehicles24 | - | - | €26,106 | €65,969 | €42,071 | €23,387 | €4,704 | ▼ 79.9% |
| Other tangible fixed assets26 | - | - | - | - | €6,456 | €5,061 | €3,665 | ▼ 27.6% |
| Current assets29/58 | €90,906 | €103,138 | €271,727 | €383,515 | €468,996 | €492,570 | €743,887 | ▲ 51.0% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €53,000 | - |
| Trade receivables290 | - | - | - | - | - | - | €53,000 | - |
| Amounts receivable within one year40/41 | €57,196 | €38,062 | €109,287 | €126,542 | €185,193 | €184,988 | €238,032 | ▲ 28.7% |
| Trade receivables40 | - | - | €33,471 | €53,465 | €63,036 | €64,739 | €81,657 | ▲ 26.1% |
| Other amounts receivable41 | - | - | €75,816 | €73,077 | €122,157 | €120,250 | €156,375 | ▲ 30.0% |
| Cash at bank and in hand54/58 | €24,887 | €52,430 | €152,032 | €245,778 | €273,042 | €299,495 | €439,963 | ▲ 46.9% |
| Deferred charges and accrued income490/1 | - | - | €10,408 | €11,195 | €10,761 | €8,086 | €12,892 | ▲ 59.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €390,260 | €340,925 | €450,398 | €577,434 | €616,971 | €591,965 | €794,702 | ▲ 34.2% |
| Equity10/15 | €38,281 | €40,921 | €208,453 | €10,000 | €10,000 | €10,000 | €569,133 | ▲ 57× |
| Contributions10/11 | - | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €28,281 | €30,921 | €198,453 | - | - | - | €559,133 | - |
| Amounts payable17/49 | €351,979 | €300,004 | €241,945 | €567,434 | €606,971 | €581,965 | €225,569 | ▼ 61.2% |
| Amounts payable after more than one year17 | €86,000 | €182,285 | €113,333 | €120,104 | €65,836 | €18,125 | - | - |
| Financial debts170/4 | - | - | €113,333 | €120,104 | €65,836 | €18,125 | - | - |
| Amounts payable within one year42/48 | €265,979 | €117,719 | €128,612 | €447,330 | €541,135 | €563,840 | €225,569 | ▼ 60.0% |
| Current portion of amounts payable after more than one year42 | - | - | €68,952 | €54,160 | €54,268 | €47,710 | €18,125 | ▼ 62.0% |
| Trade debts44 | €2,543 | €3,972 | €5,512 | €4,851 | €7,656 | €3,533 | €10,224 | ▲ 189% |
| Suppliers440/4 | - | - | €5,512 | €4,851 | €7,656 | €3,533 | €10,224 | ▲ 189% |
| Taxes, remuneration and social security45 | - | - | €54,148 | €128,816 | €128,140 | €60,844 | €114,597 | ▲ 88.3% |
| Taxes450/3 | - | - | €54,148 | €128,816 | €128,140 | €60,844 | €114,597 | ▲ 88.3% |
| Other amounts payable47/48 | - | - | - | €259,503 | €351,071 | €451,752 | €82,623 | ▼ 81.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,281 | €3,440 | €183,531 | €263,291 | €360,510 | €379,575 | €559,133 | ▲ 47.3% |
| + Depreciation and write-downs630 | €41,378 | €61,567 | €45,001 | €59,996 | €52,919 | €48,580 | €48,580 | = |
| Operating cash flow (approximation) | €69,659 | €65,007 | €228,532 | €323,287 | €413,429 | €428,155 | €607,713 | ▲ 41.9% |
| Investment in fixed assets (approximation) | - | €0 | €14,115 | -€75,245 | -€6,975 | €0 | €0 | - |
| Change in cash | - | €27,542 | €99,602 | €93,746 | €27,264 | €26,453 | €140,468 | ▲ 431% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,782 companies had the same profile as MAXFAC has now. Two years later, 96.7% were still going and 0.6% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of MAXFAC itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for MAXFAC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00417275 | |
| 31-12-2024 | unclassified schema | 07-07-2025 | 2025-00235669 | |
| 31-12-2023 | unclassified schema | 09-07-2024 | 2024-00225036 | |
| 31-12-2022 | unclassified schema | 31-08-2023 | 2023-00384982 | |
| 31-12-2021 | unclassified schema | 13-06-2022 | 2022-20058027 | |
| 31-12-2020 | unclassified schema | 04-11-2021 | 2021-76700234 | |
| 31-12-2019 | abbreviated format | 08-09-2020 | 2020-52300555 |
Timeline
Acts, filings and financial milestones
03-04
Gazette deed
MiscellaneousAmendment of the articles · Power of attorney4 points ▸
- General meeting, 24-03-2026
- Amendment of the articles, 21
- Power of attorney
- Other provision, “Teil B, Teil B Ausfertigung” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
This address was not found in the Belgian address register (BOSA BEST).
Lascheterweg 174700 Eupen