Maxflor
ActiveFrom the official registers: KBO 27 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
Maxflor has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,883 and a net result of -€10,494. Equity has been growing by about 24% per year since 2018. Its solvency ranks better than 45% of 22,726 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
KBO- Status
- Active since 03-02-1999 Normal situation
- Activity
- Retail sale of flowers, plants, seeds and fertilisers NACE 47761
- Establishment unit
- 2.091.662.270 8460 Oudenburg, since 19-07-1999
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- -€2,974
- Loss
- €10,494
- Equity
- €17,883
- ▼ 37.0%
- Total assets
- €64,414
- ▼ 11.3%
Score breakdownraises riskLoss of €10,494 (financial year 2025)Liquidity: current ratio 0.49lowers riskSize: total assets €64,414Founded in 1999Show the evidence
Checked score
About 1 in 100 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 47, micro). It does better than 43% of them on solvency, 20% on liquidity, 6% on profitability and 14% on growth.
The bankruptcy probability was computed on 01-11-2026 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 22 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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, 2026-00484844.
Annual accounts 2025 filed on 24-08-2026 at the NBB all 27 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €6,645, after a profit of €13,623 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as Maxflor: retail sale of flowers, plants, seeds and fertilisers (NACE 47761). They are comparable in size and age: total assets between €39,100 and €85,100, founded between 1989 and 2007.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| Maxflor Oudenburg | 1999 | €64,414 | €17,883 | -€2,974 | -€10,494 | 2025 |
| SENTEURS ET COULEURS Linkebeek | 1999 | €51,483 | €25,584 | -€10,369 | -€13,726 | 2026 |
| ATELIER VIVALDI Antwerpen | 2000 | €85,063 | €57,370 | -€15,867 | -€21,456 | 2025 |
| M LW Bilzen-Hoeselt | 2003 | €51,547 | -€29,614 | -€13,254 | -€14,426 | 2025 |
| GEORGIO Schaarbeek | 2007 | €58,025 | €35,148 | -€3,344 | -€4,892 | 2025 |
| QUERCUS VERDE Lier | 2004 | €39,083 | -€37,403 | -€14,288 | -€21,422 | 2025 |
| LEOS Koekelberg | 1989 | €64,356 | €2,996 | €1,588 | -€7,288 | 2025 |
They were chosen from the 1,187 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,221 companies had the same profile as Maxflor has now. Two years later, 3.8% had gone bankrupt and 88.6% were still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Maxflor itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,445 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 1,221 companies, not a prediction for Maxflor. 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.
Subsidies and aid
Flemish government
2024 · 1 entry · €914 awarded · €914 paid| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €100 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,259 | €8,259 | €4,000 | €4,768 | €6,950 | €2,950 | €2,950 | €2,182 | ▼ 26.0% |
| Other operating charges640/8 | - | - | - | €1,751 | €1,764 | €1,801 | €1,501 | €1,488 | ▼ 0.8% |
| Gross operating margin9900 | €21,695 | €11,031 | €22,632 | €28,932 | €6,930 | €11,639 | €18,074 | -€2,974 | - |
| Operating profit (loss)9901 | €12,187 | €1,470 | €16,883 | €22,414 | -€1,784 | €6,888 | €13,623 | -€6,645 | - |
| Financial income75/76B | - | - | - | - | €0 | €0 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €0 | - | - | €0 | €0 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €3,033 | €3,105 | €3,673 | €3,584 | €3,701 | ▲ 3.3% |
| Recurring financial charges65 | €5,698 | €4,021 | €3,157 | €3,033 | €3,105 | €3,673 | €3,584 | €3,701 | ▲ 3.3% |
| Profit (loss) for the period before taxes9903 | €6,488 | -€2,551 | €13,725 | €19,381 | -€4,889 | €3,216 | €10,039 | -€10,345 | - |
| Income taxes67/77 | €116 | €117 | €2,032 | €4,325 | €243 | €265 | €3,669 | €149 | ▼ 95.9% |
| Profit (loss) for the period9904 | €6,372 | -€2,668 | €11,693 | €15,056 | -€5,132 | €2,951 | €6,370 | -€10,494 | - |
| Profit (loss) for the period to be appropriated9905 | €6,372 | -€2,668 | €11,693 | €15,056 | -€5,132 | €2,951 | €6,370 | -€10,494 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €92,265 | €67,376 | €97,947 | €120,817 | €116,167 | €67,732 | €72,638 | €64,414 | ▼ 11.3% |
| Fixed assets21/28 | €62,091 | €53,832 | €49,832 | €56,864 | €49,914 | €46,964 | €44,014 | €41,832 | ▼ 5.0% |
| Tangible fixed assets22/27 | €62,091 | €53,832 | €49,832 | €56,864 | €49,914 | €46,964 | €44,014 | €41,832 | ▼ 5.0% |
| Land and buildings22 | - | - | - | €41,832 | €41,832 | €41,832 | €41,832 | €41,832 | = |
| Furniture and vehicles24 | - | - | - | €15,032 | €8,082 | €5,132 | €2,182 | €0 | ▼ 100% |
| Current assets29/58 | €30,174 | €13,544 | €48,115 | €63,953 | €66,253 | €20,768 | €28,624 | €22,582 | ▼ 21.1% |
| Stocks and contracts in progress3 | €9,000 | €13,000 | - | - | - | - | - | €676 | - |
| Stocks30/36 | - | - | - | - | - | - | - | €676 | - |
| Amounts receivable within one year40/41 | €21,174 | €544 | €48,115 | €63,953 | €66,253 | €20,768 | €28,624 | €21,906 | ▼ 23.5% |
| Trade receivables40 | - | - | - | €63,560 | €65,516 | €20,035 | €27,807 | €12,787 | ▼ 54.0% |
| Other amounts receivable41 | - | - | - | €393 | €737 | €733 | €817 | €9,119 | ▲ 11× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €92,265 | €67,376 | €97,947 | €120,817 | €116,167 | €67,732 | €72,638 | €64,414 | ▼ 11.3% |
| Equity10/15 | €107 | -€2,561 | €9,132 | €24,188 | €19,056 | €22,007 | €28,377 | €17,883 | ▼ 37.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €613 | €613 | €2,932 | €17,988 | €12,856 | €15,807 | €22,177 | €11,683 | ▼ 47.3% |
| Non-distributable reserves130/1 | - | - | - | €569 | €569 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €569 | €569 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €17,419 | €12,287 | €15,807 | €22,177 | €11,683 | ▼ 47.3% |
| Profit (loss) carried forward14 | -€6,706 | -€9,375 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €92,158 | €69,937 | €88,815 | €96,629 | €97,111 | €45,725 | €44,261 | €46,531 | ▲ 5.1% |
| Amounts payable after more than one year17 | €569 | - | - | €6,800 | €3,121 | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €6,800 | €3,121 | €0 | - | - | - |
| Amounts payable within one year42/48 | €91,589 | €69,937 | €88,815 | €89,829 | €93,989 | €45,725 | €44,261 | €46,531 | ▲ 5.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3,606 | €3,678 | €3,121 | €0 | - | - |
| Financial debts43 | - | - | - | €13,667 | €22,409 | €22,128 | €21,978 | €18,292 | ▼ 16.8% |
| Credit institutions430/8 | - | - | - | €13,667 | €22,409 | €22,128 | €21,978 | €18,292 | ▼ 16.8% |
| Trade debts44 | €5,698 | €2,482 | €3,216 | €4,131 | €2,778 | €3,794 | €4,005 | €3,951 | ▼ 1.3% |
| Suppliers440/4 | - | - | - | €4,131 | €2,778 | €3,794 | €4,005 | €3,951 | ▼ 1.3% |
| Taxes, remuneration and social security45 | - | - | - | €13,209 | €5,786 | €1,969 | €4,959 | €4,701 | ▼ 5.2% |
| Taxes450/3 | - | - | - | €13,209 | €5,786 | €1,969 | €4,959 | €4,701 | ▼ 5.2% |
| Other amounts payable47/48 | - | - | - | €55,216 | €59,338 | €14,713 | €13,319 | €19,588 | ▲ 47.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,372 | -€2,668 | €11,693 | €15,056 | -€5,132 | €2,951 | €6,370 | -€10,494 | - |
| + Depreciation and write-downs630 | €8,259 | €8,259 | €4,000 | €4,768 | €6,950 | €2,950 | €2,950 | €2,182 | ▼ 26.0% |
| Operating cash flow (approximation) | €14,631 | €5,591 | €15,693 | €19,823 | €1,818 | €5,901 | €9,320 | -€8,312 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€11,800 | €0 | €0 | €0 | €0 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-08-2026 | 2026-00484844 | NBB |
| 31-12-2024 | micro format | 20-08-2025 | 2025-00423434 | |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00376568 | |
| 31-12-2022 | micro format | 03-08-2023 | 2023-00309950 | |
| 31-12-2021 | micro format | 08-08-2022 | 2022-20277755 | |
| 31-12-2020 | micro format | 16-09-2021 | 2021-67500049 | |
| 31-12-2019 | micro format | 01-09-2020 | 2020-49800598 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-59700070 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-50200088 | |
| 31-12-2016 | abbreviated format | 27-07-2017 | 2017-37100404 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 08-01-2024 Converted to unavailable equity
Mandate history
- Board
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| SandersReddy |
|
| SandersSabine |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen,al dan niet aandeelhouder, 1”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Algemene vergadering beslissende in vormen vereist voor statutenwijziging”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd”
Articles of association, deed of 08-01-2024 (in Dutch)
Network & group
Connections & network
See the function holders in the KBO register.
Timeline
Acts, filings and financial milestones
08-01
Gazette deed
Resignations: SandersReddy (statutairzaakvoerder/bestuurder) and SandersSabine (statutairzaakvoerder/bestuurder)Appointment: SandersSabine (director) · Purpose change · Amendment of the articles13 points ▸
- General meeting, 20-12-2023
- Other provision, “kennisnameengoedkeuringverslagbestuurderovervoorwerpwijziging, omstandigeverantwoordingvoorgesteldewijzigingvoorwerp” (deed in Dutch)
- Purpose change
- Amendment of the articles, mentioned 3 times in the deed
- Capital conversion, “statutaironbeschikbareeigenvermogensrekening” (deed in Dutch)
- Director resignation, SandersReddy (statutairzaakvoerder/bestuurder)
- Director resignation, SandersSabine (statutairzaakvoerder/bestuurder)
- Director discharge, SandersReddy
- Other provision, “uitoefeningmandaat, kwijtingontslagnemendebestuurder” (deed in Dutch)
- Director appointment, SandersSabine (director)
- Share issue, 750, “inbrengen” (deed in Dutch)
- Other provision, “artikel 2:8 §4 WVV-verplichting, instrumenterend notaris vestigt aandacht partijen” (deed in Dutch)
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202517 activities
- Hetuitbatenvandenijverheidenkwekerij,handel,aan-enverkoopvanallesoortenbloemenenplanten,land-entuinbouwprodukten,bloemenensierplanten,fruitbomen,bos-enanderebomen,heesters,bloembollen,zadenenallerleiandereplanten
- Wetenschappelijkeopzoekingenverrichtenomnieuweplantvariëteitente winnen
- Bloementekwekenvoorsnijbloemen
- Hetopmakenvanplannen,aannemingenverrichten
- Lust-enanderehovenenbossenaanleggenenalleandereaanplantingenenwerkuitvoerendienuttigzijnofkunnenzijnvoordeplantenenplantingentebevorderen,grondontsmettingsmiddelen,alsookmeststoffen,grondstoffen,insecticiden,fungiciden,gereedschappenenwerktuigen,aan-enverkopen,eninhetalgemeenomallezakenteverrichtentedrijvendiedaarmeeverbandhouden
- Verkoopvangroenten,kruidenenzelfgemaakteproductenopbasisvankruiden,o.a.ookschoonheidsproducten
- Exploitatievaneen(pop-up)bar,foodtruck
- Hetuitoefenenvanalletraiteuractiviteiten,metofzonderbediening;cateringmetofzonderbediening;verkoopenleveringvanbereideschotelsenmaaltijden,metofzonderthuisbezorging
- Hetbeheervanhetpatrimoniumbestaandeuitroerendeenonroerendegoederen,hetbehoudhiervanenhetoordeelkundiguitbreiden
- Mogenovergaantotaan-enverkopen,hurenenverhuren,ruilen,verkavelen,bouwenenverbouwen,uitrustenenvaloriserenvanonroerendegoederen,aldannietgemeubeld
- Allestellenalshandelingenstello.a.aankopen,bouwen,oprichten,verkavelen,ruilen,uitrusten,opschikken,verbouwen,huren,verhuren,vervreemdenenvestigenallezakelijkerechten
- Beheeralleenofinparticipatie
- Beleggeninroerendeenonroerendegoederenwaardenenbeheerbeleggingenvermogens,zonderhandelingenvanvermogensbeheerwaarvoorbijzonderewetgevingbijkomendevoorwaarden
- Opsommingruimstezin,nietbeperkend,enkelvanaangevendeaard
- Kanbelangennemendoordeelneming,inbrengofopelkanderewijze,inallevennootschappen,ondernemingenofgroeperingen,zowelinBelgiëalsbuitenland,di(e)engelijkluidend,soortgelijkofaanvullendvoorwerpnastreven,ofdievandaardzijingdeontwikkelingtebevorderen
- Opsomminglouterexemplatiefengeenszinsbeperkend
- Zal,zowelinbinnen-alsbuitenland,alleroerendeenonroerendegoederenmogenbezittenenalleindustriële,commerciële,financiële,roerendeenonroerendehandelingenmogenverrichten,welkerechtstreeksofonrechtstreeksnodigofnuttigzijnvoorbereikendoel/voorwerp,ofdiergeheelof tenkunkunnenvergemakkelijken
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 35004C0717/00N000 | Flanders | 819 m² | 1 · 190 m² | 5.8 m · 1 |