Equity
-€5,658
Debts exceed assets in financial year 2025.
MaxGarden
Overview
Lifetime
3 annual accounts with figures on one time axispeak €169,359 (2025)
€169,359▲ 60.3%
lowest -€67,490 (2024)
€51,233▲ €118,723
peak €10,598 (2023)
-€5,658▲ €51,233
€246,436▼ 23.6%
Board1 name since 2023
1 directorGROLET Maxime Michaël Isabelle Ghislain
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Gross margin from €105,646 to €169,359Back to profit: €51,233Equity from -€56,891 to -€5,658Debts from €322,541 to €246,436
Key points
from the 2025 annual accountsTurnover
≈ €550,000 estimated
The micro format states no turnover.
Debts
€246,436 102% of the balance sheet
Financial debts 48%Suppliers 17%Taxes and wages 2%Other 33%
Of this, €137,218 falls due within a year.
Filings
3 annual accounts 2 late
The 2024 accounts came latest: 64 days after the end of the period.
Starting capital
€3,500 100 shares
Position in the sector
-€5,658
Less equity than 90% of companies in building services and landscaping. Sector median €44,685 · 5,730 companies.
Checked score
50
Fair
Financially stronger than 49% of micro companies in building services and landscaping (NACE 81)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 7,712 companies (NACE 81, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.2%
01-2025: 2.2%● unchanged vs 12-2024lowest value
02-2025: 2.3%▲ +0.1 percentage points vs 01-2025
03-2025: 2.3%● unchanged vs 02-2025
04-2025: 2.4%▲ +0.1 percentage points vs 03-2025
05-2025: 2.4%● unchanged vs 04-2025
06-2025: 2.5%▲ +0.1 percentage points vs 05-2025
07-2025: 2.6%▲ +0.1 percentage points vs 06-2025
08-2025: 3.0%▲ +0.4 percentage points vs 07-2025
09-2025: 3.1%▲ +0.1 percentage points vs 08-2025
10-2025: 4.0%▲ +0.9 percentage points vs 09-2025
11-2025: 4.9%▲ +0.9 percentage points vs 10-2025highest value
12-2025: 4.9%● unchanged vs 11-2025highest value
01-2026: 4.8%▼ -0.1 percentage points vs 12-2025
02-2026: 4.8%● unchanged vs 01-2026
03-2026: 4.8%● unchanged vs 02-2026
04-2026: 4.9%▲ +0.1 percentage points vs 03-2026
05-2026: 4.8%▼ -0.1 percentage points vs 04-2026
06-2026: 4.7%▼ -0.1 percentage points vs 05-2026
07-2026: 3.2%▼ -1.5 percentage points vs 06-2026
08-2026: 3.2%● unchanged vs 07-2026
09-2026: 3.2%● unchanged vs 08-2026
10-2026: 3.2%● unchanged vs 09-2026
11-2026: 3.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Founded in 2023
1 of the last 3 accounts late
Sector: Services to buildings and landscape activities (NACE 81)
lowers risk
Size: total assets €240,778
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 81, micro). It does better than 10% of them on solvency, 15% on liquidity, 80% on profitability and 89% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,017 companies had the same profile as MaxGarden has now. Each dot stands for 3 companies, two years later.
89.2%
were still trading
4.0%
stopped another way
6.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MaxGarden itself: 3.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,017 companies, not a prediction for MaxGarden. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.32 (0.14 in 2024), below 1. Short-term debt is 57% and cash 2.2% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 5724 sector peers (2025).
NBB · sector comparisonPosition among 5724 sector peers
Solvency
better than 11%
← weakest
strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
31 days early
2024
64 days late
2023
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 21 days after the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (3 of the last 3 accounts filed within 61 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- GROLET Maxime Michaël Isabelle Ghislain founderdeed of 28-06-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803156238
Incorporation
Founding capital of €3,500, 100 shares · Founder: GROLET Maxime Michaël Isabelle Ghislain · Appointment: GROLET Maxime Michaël Isabelle Ghislain (director) · published on 28-06-2023 · Gazette deed
First establishment
Rue de Limauge 33C, Court-Saint-Etienne
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MaxGarden Court-Saint-Etienne | €240,778 | €169,359 | -2.4% | - |
| SOTO Construct Scherpenheuvel-Zichem | €225,526 | €172,470 | 68.0% | - |
| FOURNIVERT Ledegem | €228,826 | €183,914 | 45.2% | - |
| MOREAU TERRASSEMENT & AMENAGEMENT Mettet | €249,640 | €180,671 | 57.1% | - |
| Terra Verde Tuinen Pelt | €209,157 | €164,602 | 66.5% | - |
| TC PARCS ET JARDINS Olne | €230,781 | €166,338 | -10.2% | - |
| DE BAST GROENBEDRIJF Geel | €246,244 | €157,718 | 44.6% | - |
These companies have the same main activity as MaxGarden: landscape service activities (NACE 81300). They are comparable in size and age: total assets between €209,000 and €250,000, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 26-06-2023Normal situation
- Activity
- Landscape service activitiesNACE 81300and 5 others
- Establishment unit
- 2.346.960.0351490 Court-Saint-Etienne, since 26-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Annual accounts 2025
- €169,359▲ 60.3%
- €51,233
- -€5,658▲ 90.1%
- €240,778▼ 9.4%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on MaxGarden
MaxGarden files the micro format. That format states no turnover. The gross margin rose from €10,453 in 2023 to €169,359 in 2025.
The balance sheet grew most in 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-06-2026, 31 days before the deadline€169,359
▲ 60.3%
€59,882
▲ €113,364
€51,233
▲ €118,723
-€93,610
▲ €61,927
-2.4%
▲ 19.1 percentage points
0.32
▲ 0.18
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €550,000. Estimated: probably between €340,000 and €780,000.
Balance sheet
balance sheet total €240,778 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-2.4%
Higher than 11% of 5,724 companies in 2025.
0.32
Higher than 6% of 5,585 companies in 2025.
21.3%
Higher than 78% of 5,611 companies in 2025.
MaxGarden
Middle half of the sector
80% of the sector
Micro accounts in building services and landscaping (NACE 81)
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
240,778 | 265,649 | 190,445 | |
21/28 |
197,170 | 240,278 | 16,208 | |
21 |
128,127 | 144,149 | - | |
22/27 |
68,593 | 95,680 | 16,208 | |
23 |
15,729 | 16,960 | - | |
24 |
23,009 | 24,064 | - | |
25 |
15,863 | 38,524 | - | |
26 |
13,993 | 16,132 | 16,208 | |
28 |
450 | 450 | - | |
29/58 |
43,608 | 25,371 | 174,238 | |
40/41 |
29,155 | 15,820 | 159,669 | |
40 |
21,503 | 14,900 | 159,551 | |
41 |
7,652 | 921 | 118 | |
54/58 |
5,358 | 6,215 | 14,569 | |
490/1 |
9,096 | 3,336 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
240,778 | 265,649 | 190,445 | |
10/15 |
-5,658 | -56,891 | 10,598 | |
10/11 |
3,500 | 3,500 | 3,500 | |
14 |
-9,158 | -60,391 | 7,098 | |
17/49 |
246,436 | 322,541 | 179,847 | |
17 |
106,976 | 139,390 | 140,262 | |
170/4 |
106,976 | 139,390 | 140,262 | |
42/48 |
137,218 | 180,908 | 39,585 | |
42 |
21,701 | 20,696 | 19,738 | |
43 |
10,713 | 21,524 | - | |
430/8 |
10,713 | 21,524 | - | |
44 |
43,048 | 24,027 | 2,000 | |
440/4 |
43,048 | 24,027 | 2,000 | |
45 |
4,994 | 15,432 | 1,964 | |
450/3 |
413 | 1,313 | 1,964 | |
454/9 |
4,581 | 14,119 | - | |
47/48 |
56,761 | 99,228 | 15,883 | |
492/3 |
2,243 | 2,243 | - | |
| Income statement | ||||
9900 |
169,359 | 105,646 | 10,453 | |
62 |
56,885 | 101,807 | 700 | |
630 |
45,397 | 51,017 | 357 | |
640/8 |
7,195 | 6,304 | - | |
9901 |
59,882 | -53,482 | 9,395 | |
75/76B |
1,426 | - | - | |
75 |
754 | - | - | |
76B |
671 | - | - | |
65/66B |
9,662 | 13,647 | 333 | |
65 |
9,662 | 13,647 | 333 | |
9903 |
51,646 | -67,129 | 9,062 | |
67/77 |
413 | 361 | 1,964 | |
9904 |
51,233 | -67,490 | 7,098 | |
9905 |
51,233 | -67,490 | 7,098 | |
| Appropriation of the result | ||||
9906 |
-9,158 | -60,391 | 7,098 | |
14P |
-60,391 | 7,098 | - | |
| Document | ||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 105,280 | -2,465 | 9,752 | ||
| 96,630 | -16,473 | 7,455 | ||
| 9,049 | 300,087 | 16,565 | ||
| -857 | -8,354 | - | ||
| -93,610 | -155,537 | 134,653 | ||
| -2.4% | -21.4% | 5.6% | ||
| 0.32 | 0.14 | 4.40 | ||
| - | - | 16.97 | ||
| - | - | 67.0% | ||
| 21.3% | -25.4% | 3.7% | ||
| 10.90 | -0.18 | 29.29 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €9,049 | €139,424 | €16,565 |
| Intangible fixed assets | - | €160,214 | - |
| Financial fixed assets | - | €450 | - |
| €45,397 | €51,017 | €357 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on MaxGarden
The operating result for 2025 is a profit of €59,882, after a loss of €53,482 in 2024. It is the highest result since 2023.
Equity is negative. Debt (€246,436) exceeds the balance-sheet total (€240,778).
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 28-06-2023
term without a fixed end
also on the board of 1 other company
1 other company bankrupt- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 14. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”deed of 28-06-2023
Mandates through the years
1 name, the dashed line is todayGROLET Maxime Michaël Isabelle Ghislain
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- GROLET Maxime Michaël Isabelle Ghislain
- Director (not named in the articles), appointed by deed of 28-06-2023, still in office
Control
This company
MaxGarden
Equity -€5,658
Profit €51,233 in 2025
Capital
- Contribution
- €3,500
- Shares
- 100
- Contribution per share
- €35
- Equity per share
- -€56.58 in 2025
- Source
- deed of 28-06-2023
Articles of association
deed of 28-06-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Founder
At incorporation
deed of 28-06-2023 ↗
- GROLET Maxime Michaël Isabelle Ghislain sole founder · 100% at incorporation
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off1 other company of this director went bankrupt (2025).
- ARTEFACT bankruptcy on 26-06-2025Official Gazetteappointed in 2024, still in office
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Network & group
No group
MaxGarden has no parent and no holdings in its annual accounts. GROLET Maxime Michaël Isabelle Ghislain is the only director.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
ARTEFACT
via GROLET Maxime Michaël Isabelle Ghislain · Director (not named in the articles) and daily management delegate · deed of 21-02-2024
Open bankruptcy · founded in 2024
→
Timeline
Timeline
8 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 31 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0803156238
2025
Back to profit net €51,233 The net result is €51,233, after one loss-making year.
Annual accounts 2024 filed PDFmicro format · 64 days late
2024
Weakest financial year net -€67,490 The net result drops to -€67,490, the lowest from 2023 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 29 days late
2023
IncorporationFounding capital of €3,500, 100 shares · Founder: GROLET Maxime Michaël Isabelle Ghislain · Appointment: GROLET Maxime Michaël Isabelle Ghislain (director) · published on 28-06-20235 points ▸
- Founder, GROLET Maxime Michaël Isabelle Ghislain
- Founding capital, €3,500, 100 shares
- 100 shares
- Registered office clause, rue de Limauge 33C, 1490 Court-Saint-Etienne
- Director appointment, GROLET Maxime Michaël Isabelle Ghislain (director (not named in the articles))
- The deed holds 5 more points.
First establishment Rue de Limauge 33C, Court-Saint-Etienne
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 26 June 2023, MaxGarden was incorporated as a private limited company by one natural person, with a starting capital of €3,500.12 GROLET Maxime Michaël Isabelle Ghislain is director of the company, appointed by deed of 28-06-2023.2 Total assets went from €190,445 in 2023 to €240,778 in 2025.3
Company details
Identity
- Enterprise number
- 0803.156.238
- VAT number
- BE 0803.156.238
- Peppol ID
- 0208:0803156238
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 26-06-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 18:00deed of 28-06-2023 (in French)
- Peppol
- Reachable since 02-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MaxGarden in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 28-06-2023 (in French)
Activities
NACEBEL 2025VAT activities
81300
Landscape service activities main activity
43120
Site preparation
Social security (RSZ) activities
71113
Urban planning and landscape architecture main activity
Codes under NACEBEL 2008
VAT activities
81300
Landscape service activities main activity
43120
Site preparation
43999
Specialised construction activities
47761
Retail trade
81290
Services to buildings and landscape activities
Social security (RSZ) activities
71113
Architectural and engineering activities; technical testing and analysis main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La création et l'aménagement de parcs et jardins et toutes activités liées au jardinage; La vente en gros ou en détail de tous articles…”deed of 28-06-2023 (in French)
9 activities
- La création et l'aménagement de parcs et jardins et toutes activités liées au jardinage ;
- La vente en gros ou en détail de tous articles relatifs aux parcs et jardins ;
- La réalisation de terrasses,chemins d'accès et vérandas ;
- Le terrassement,la préparation des sites en général ;
- La fabrication,l'import/export,la représentation,la commercialisation,l'entretien,le placement de piscines,de bassins et toutes exploitations en général dans le sens le plus large dans le domaine des piscines et accessoires,de tout matériel lié au bienêtre,notamment sauna,hammam,jacuzzi,etc,en détail ou en gros ;
- Toute activité liée aux franchises ;
- L'électricité en général,tant du point de vue des prestations d'électriciens,prestations électrotechniques en général ;
- La menuiserie et la plomberie
- L'achat,la vente,la mise à disposition,la location,l'entretien,la construction,la gestion,l'aménagement,la réparation et la rénovation de tout bien immobilier,le lotissement et la promotion de tout bien immobilier et,d'une manière générale,toute activité en matière immobilière ou de construction et de promotion.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue de Limauge 33C registered office 1490 Court-Saint-Etienne | 26-06-2023 | 2.346.960.035 |
Buildings and parcels at the address
- Ground area
- 901 m²
- Buildings
- 20 m²
- Volume, LiDAR
- 12 m³
- Tallest building
- 2.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25023L0410/00C000 | 901 m² | 1 · 20 m² | 2.1 m |
Contact
E-mail
ets.groletmaxime@gmail.com establishment in Court-Saint-Etienne
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0803.156.238