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MAXFLOW

Active
Private limited companyfounded 201412 years activePhilipssite 5, 3001 Leuven, BelgiumKBO/BCE: BE 0550.758.377
Summary

MAXFLOW has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.7m and a net result of €9.3m. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 225 sector peers (NACE 63, fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Web portal activities
NACE 63910Computer programming NACE 62100
#5 company by equity in Flemish Brabant, Computing infrastructure and information services sector1 site
Size
€25.5mturnover 2025
Staff
7.3 FTE
Equity
€5.7m
Profit
€9.3m
Financial health
85 Excellent Checked score 2025
Bankruptcy probability, 12 months
0.3%
Structure
Parent
Next Level · 100%
Accounts 43 days early0 of 10 deeds read
Why 85- 1 change of registered office in 24 months+ Size: turnover €25.5m, 7.3 FTE, total assets €15.0m+ Figures for FY 2025 (filed 18-06-2026)+ Profit of €9.3m (FY 2025)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 44% of its sector peers (NACE 63, micro)
Financial strength · tick = 2024
Strong
Solvency 63-37
equity 38.3% of total assets
Liquidity 30-40
short-term debt 60.8% · cash 9.0%
Profitability 100=
return on assets 61.8%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (2,951 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value 09-2025: 0.1%▲ +0.1 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.2 percentage points vs 06-2026highest value 08-2026: 0.3%● unchanged vs 07-2026highest value 09-2026: 0.3%● unchanged vs 08-2026highest value 10-2026: 0.3%● unchanged vs 09-2026highest value
Credit up to €480,000 at 30 days acceptable
Liquidity tight (current ratio 1.43 against 3.96 in 2024; short-term debt: 60.8% and cash: 9% of total assets), and 61.7% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 63, micro): better than 37% on solvency, 13% on liquidity, 85% on profitability and 42% on growth.

The bankruptcy probability was computed on 06-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
lowers risk · Size: turnover €25.5m, 7.3 FTE, total assets €15.0m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 18-06-2026)
NBB · annual accounts
lowers risk · Profit of €9.3m (FY 2025)
NBB · annual accounts
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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
43 days early
2024
31 days early
2023
124 days early
2022
28 days early
2021
34 days early
2020
33 days early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% 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. Usually files around 27 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Highest result since 2018net €9.3m ▲12.2%

Key points

  • Positive: Staff rose in 2025from 4.1 FTE to 7.3 FTE ▲ 78.0% View
  • Positive: Among the best 5% on net resultsector median €36,249 · 225 companies €9.3m View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €9.3m 8 years View
  • Controlled by Next Levelknown shareholders 100% 100% View
  • Flemish supportawarded 2023 - 2025 €243,978 View

By topic

Financials

Fiscal year
2025
Turnover
€25.5m
Profit
€9.3m
Solvency
38.3%
Turnover▲ 11.9%
Net result
20222025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 29-03-2024Annual accounts filed
  2. 03-07-2023Annual accounts filed
  3. 31-12-2022Liquidity times 6
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Web portal activitiesNACE 63910
Founded
18-04-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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