Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Of this, €219,707 falls due within a year.
Lower solvency than 95% of companies in advertising and market research. Sector median 53.3% · 9,122 companies.
In July 2024, 2,795 companies had the same profile as MAXI SOLUTION has now. Each dot stands for 7 companies, two years later.
Another 1.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,795 companies, not a prediction for MAXI SOLUTION. 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.
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.
| Company | ||||
|---|---|---|---|---|
| MAXI SOLUTION Jette | €79,704 | €4,449 | -181.2% | - |
| WILIQUET ERIC Braine-l'Alleud | €76,315 | €4,270 | -5.9% | - |
| DAILY SCIENCE Bouillon | €89,032 | €4,561 | 21.6% | - |
| GRAPHIC ART CONCEPT Rixensart | €91,705 | €3,547 | 56.5% | - |
| LINE BUSINESS COMMUNICATION Uccle | €63,857 | €6,286 | 64.0% | - |
| HUI Ixelles | €97,014 | €4,113 | 96.2% | - |
| HIGHWAY EXPRESS SERVICES Ixelles | €92,799 | €2,451 | 100.0% | - |
These companies have the same main activity as MAXI SOLUTION: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €63,900 and €97,000, founded between 1995 and 2008.
MAXI SOLUTION files the micro format. That format states no turnover. The gross margin rose from -€7,527 in 2008 to €4,449 in 2025.
The balance sheet grew most in 2011 through fixed assets.
holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Lower than 95% of 9,122 companies in 2025.
Higher than 9% of 8,760 companies in 2025.
Higher than 23% of 8,888 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||||||
20/58 |
79,704 | 84,899 | 72,086 | 85,921 | 80,919 | 62,317 | 55,906 | 52,977 | 61,282 | 33,882 | 54,772 | 92,872 | 150,514 | 171,721 | 195,400 | 63,975 | 66,664 | 56,569 | 64,099 | 64,099 | 64,099 | 64,099 | 64,099 | |
21/28 |
- | - | - | - | - | 13 | 60 | 2,440 | 4,993 | 9,917 | 18,001 | 62,443 | 76,443 | 106,546 | 127,981 | 39,128 | 2,857 | - | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | |
22/27 |
- | - | - | - | - | 13 | 60 | 2,440 | 4,993 | 9,917 | 18,001 | 62,443 | 76,443 | 106,546 | 127,981 | 39,128 | 2,857 | - | - | - | - | - | - | |
23 |
- | - | - | - | - | 13 | 60 | 2,440 | 4,993 | 9,917 | 18,001 | 62,443 | 76,443 | 106,546 | 127,981 | 39,128 | 2,857 | - | - | - | - | - | - | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 4,500 | 4,500 | 4,500 | 4,500 | 4,500 | |
29/58 |
79,704 | 84,899 | 72,086 | 85,921 | 80,919 | 62,304 | 55,846 | 50,536 | 56,289 | 23,965 | 36,772 | 30,429 | 74,071 | 65,175 | 67,419 | 24,847 | 63,807 | 56,569 | 59,599 | 59,599 | 59,599 | 59,599 | 59,599 | |
29 |
10,292 | 10,292 | 10,292 | 10,292 | 10,292 | 10,292 | 10,292 | 10,292 | 10,292 | 10,292 | 6,624 | 18 | 18 | 18 | - | - | - | - | - | - | - | - | - | |
291 |
10,292 | 10,292 | 10,292 | 10,292 | 10,292 | 10,292 | 10,292 | 10,292 | 10,292 | 10,292 | 6,624 | 18 | 18 | 18 | - | - | - | - | - | - | - | - | - | |
40/41 |
2,030 | 1,397 | 1,239 | 9,494 | 3,652 | 4,304 | 3,498 | 1,508 | 744 | 24 | - | 5,769 | 3,004 | 20,021 | 27,097 | 5,871 | 60,037 | 56,569 | 59,481 | 59,481 | 59,481 | 59,481 | 59,481 | |
40 |
75 | - | 294 | - | - | 883 | 679 | 322 | 300 | 24 | - | 3,603 | 2,586 | 5,077 | - | - | - | - | - | - | - | - | - | |
41 |
1,955 | 1,397 | 945 | 9,494 | 3,652 | 3,421 | 2,819 | 1,186 | 444 | - | - | 2,167 | 418 | 14,944 | 27,097 | 5,871 | 60,037 | 56,569 | 59,481 | 59,481 | 59,481 | 59,481 | 59,481 | |
54/58 |
63,494 | 3,070 | 54,584 | 48,501 | 58,037 | 47,708 | 29,972 | 38,737 | 38,725 | 8,448 | 30,147 | 16,842 | 71,049 | 38,285 | 38,787 | 7,041 | 3,770 | - | 118 | 118 | 118 | 118 | 118 | |
490/1 |
3,888 | 70,140 | 5,971 | 17,634 | 8,938 | - | 12,084 | - | 6,528 | 5,201 | - | 7,800 | - | 6,851 | 1,535 | 11,935 | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||||||
10/49 |
79,704 | 84,899 | 72,086 | 85,921 | 80,919 | 62,317 | 55,906 | 52,977 | 61,282 | 33,882 | 54,772 | 92,872 | 150,514 | 171,721 | 195,400 | 63,975 | 66,664 | 56,569 | 64,099 | 64,099 | 64,099 | 64,099 | 64,099 | |
10/15 |
-144,436 | -143,378 | -148,529 | -144,522 | -145,709 | -157,209 | -163,620 | -166,613 | -168,685 | -185,644 | -188,125 | -126,658 | -64,239 | -37,585 | 29,201 | 61,283 | 58,100 | 56,569 | 64,096 | 64,096 | 64,096 | 64,096 | 64,096 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
100 |
- | - | - | - | - | - | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
1,687 | 1,687 | 1,687 | 1,687 | 1,687 | 1,687 | 1,366 | 1,216 | 1,112 | 264 | 264 | 264 | 264 | 264 | 264 | 264 | 105 | 105 | 105 | 105 | 105 | 105 | 105 | |
130/1 |
1,687 | 1,687 | 1,687 | 1,687 | 1,687 | 1,687 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,366 | 1,216 | 1,112 | 264 | 264 | 264 | 264 | 264 | 264 | 264 | 105 | 105 | 105 | 105 | 105 | 105 | 105 | |
1311 |
1,687 | 1,687 | 1,687 | 1,687 | 1,687 | 1,687 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-208,124 | -207,065 | -212,217 | -208,209 | -209,396 | -220,896 | -226,986 | -229,829 | -231,797 | -247,908 | -250,389 | -188,922 | -126,503 | -99,849 | -33,063 | -981 | -4,005 | -5,536 | 1,991 | 1,991 | 1,991 | 1,991 | 1,991 | |
17/49 |
224,141 | 228,277 | 220,616 | 230,443 | 226,628 | 219,526 | 219,526 | 219,590 | 229,967 | 219,526 | 242,897 | 219,531 | 214,753 | 209,306 | 166,199 | 2,692 | 8,564 | - | 3 | 3 | 3 | 3 | 3 | |
42/48 |
219,707 | 224,497 | 219,526 | 222,328 | 221,980 | 219,526 | 219,526 | 219,590 | 219,542 | 219,526 | 242,897 | 217,431 | 214,753 | 209,306 | 163,801 | 2,692 | 8,564 | - | - | - | - | - | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 30,026 | - | 158,196 | - | - | - | - | - | - | - | - | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | 30,026 | - | 158,196 | - | - | - | - | - | - | - | - | |
44 |
- | 4,969 | - | 173 | - | - | - | 48 | - | - | 541 | - | - | - | - | - | - | - | - | - | - | - | - | |
440/4 |
- | 4,969 | - | 173 | - | - | - | 48 | - | - | 539 | - | - | - | - | - | - | - | - | - | - | - | - | |
441 |
- | - | - | - | - | - | - | - | - | - | 3 | - | - | - | - | - | - | - | - | - | - | - | - | |
46 |
- | - | - | - | - | - | - | - | - | - | - | 32,757 | 4,595 | 36,126 | 1,565 | - | - | - | - | - | - | - | - | |
45 |
- | - | - | - | - | - | - | 14 | 14 | - | 2,827 | 2,971 | 13,428 | 4,728 | 178 | - | - | - | - | - | - | - | - | |
450/3 |
- | - | - | - | - | - | - | 14 | 14 | - | 2,827 | 2,971 | 13,428 | - | 178 | - | - | - | - | - | - | - | - | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 4,728 | - | - | - | - | - | - | - | - | - | |
47/48 |
219,707 | 219,528 | 219,526 | 222,155 | 221,980 | 219,526 | 219,526 | 219,528 | 219,528 | 219,526 | 239,528 | 181,702 | 166,704 | 168,452 | 3,862 | 2,692 | 8,564 | - | - | - | - | - | - | |
492/3 |
4,434 | 3,780 | 1,090 | 8,115 | 4,647 | - | - | - | 10,425 | - | - | 2,100 | - | - | 2,398 | - | - | - | 3 | 3 | 3 | 3 | 3 | |
| Income statement | ||||||||||||||||||||||||
70 |
53,206 | 87,355 | 104,160 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
4,449 | 10,983 | 741 | 6,643 | 11,500 | 6,459 | 5,374 | 4,624 | 21,883 | 10,564 | -13,243 | -38,786 | 10,089 | 33,027 | -19,624 | 8,359 | 1,791 | -7,527 | - | - | - | - | - | |
60/61 |
48,757 | 76,375 | 103,166 | 99,127 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 72,531 | - | - | - | - | - | - | - | - | - | |
630 |
- | - | - | - | - | 47 | 2,380 | 2,552 | 4,925 | 8,083 | 48,223 | 23,633 | 36,743 | 27,282 | 12,458 | 5,176 | 260 | - | - | - | - | - | - | |
640/8 |
5,124 | 5,614 | 5,159 | 4,704 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
-675 | 5,369 | -4,418 | 1,938 | 11,500 | 6,411 | 2,993 | 2,072 | 16,959 | 2,481 | -61,466 | -62,419 | -26,654 | -66,786 | -32,082 | 3,183 | 1,531 | -7,527 | - | - | - | - | - | |
75/76B |
- | - | 411 | 235 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
75 |
- | - | 411 | 235 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
383 | 218 | - | 987 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65 |
383 | 218 | - | 987 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-1,058 | 5,151 | -4,007 | 1,186 | 11,500 | 6,411 | 2,993 | 2,072 | 16,959 | 2,481 | -61,466 | -62,419 | -26,654 | -66,786 | -32,082 | 3,183 | 1,531 | -7,527 | - | - | - | - | - | |
9904 |
-1,058 | 5,151 | -4,007 | 1,186 | 11,500 | 6,411 | 2,993 | 2,072 | 16,959 | 2,481 | -61,466 | -62,419 | -26,654 | -66,786 | -32,082 | 3,183 | 1,531 | -7,527 | - | - | - | - | - | |
9905 |
-1,058 | 5,151 | -4,007 | 1,186 | 11,500 | 6,411 | 2,993 | 2,072 | 16,959 | 2,481 | -61,466 | -62,419 | -26,654 | -66,786 | -32,082 | 3,183 | 1,531 | -7,527 | - | - | - | - | - | |
| Appropriation of the result | ||||||||||||||||||||||||
9906 |
-208,124 | -207,065 | -212,217 | -208,209 | -209,396 | -220,575 | -226,836 | -229,725 | -230,949 | -247,908 | -250,389 | -188,922 | -126,503 | -99,849 | -33,063 | -822 | -4,005 | -5,536 | 1,991 | 1,991 | 1,991 | 1,991 | 1,991 | |
14P |
-207,065 | -212,217 | -208,209 | -209,396 | -220,896 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 105 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 321 | 150 | 104 | 848 | - | - | - | - | - | 105 | 159 | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | 321 | 150 | 104 | 848 | - | - | - | - | - | 105 | 159 | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2 | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 5,836 | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||||||
The accounts for financial year 2002 were filed as a document without figures as data, a scan for example.
The notes to these accounts have 2 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 22-08-2026.
2025 annual accounts filed 22 days after the deadline. Filed on 22 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00451063.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-08-2026 | 2026-00451063 | |
| 31-12-2024 | micro format | 08-08-2025 | 2025-00371003 | |
| 31-12-2023 | micro format | 24-08-2024 | 2024-00368571 | |
| 31-12-2022 | micro format | 21-08-2023 | 2023-00352671 | |
| 31-12-2021 | micro format | 11-08-2022 | 2022-20282904 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-56000567 | |
| 31-12-2019 | micro format | 10-10-2020 | 2020-60500592 | |
| 31-12-2018 | micro format | 12-08-2019 | 2019-45600185 | |
| 31-12-2017 | micro format | 20-08-2018 | 2018-47000213 | |
| 31-12-2016 | micro format | 23-08-2017 | 2017-45700469 | |
| 31-12-2015 | full format | 16-08-2016 | 2016-42300104 | |
| 31-12-2014 | full format | 24-08-2015 | 2015-44800358 | |
| 31-12-2013 | full format | 31-08-2014 | 2014-52400160 | |
| 31-12-2012 | full format | 09-08-2013 | 2013-40600596 | |
| 31-12-2011 | full format | 31-08-2012 | 2012-49700460 | |
| 31-12-2010 | full format | 29-08-2011 | 2011-44700019 | |
| 31-12-2009 | full format | 07-08-2010 | 2010-38900416 | |
| 31-12-2008 | full format | 11-08-2009 | 2009-55500258 | |
| 31-12-2007 | full format | 05-09-2008 | 2008-72000048 | |
| 31-12-2006 | full format | 05-09-2008 | 2008-72000047 | |
| 31-12-2005 | full format | 05-09-2008 | 2008-72000046 | |
| 31-12-2004 | full format | 05-09-2008 | 2008-72000045 | |
| 31-12-2003 | full format | 05-09-2008 | 2008-72000044 | |
| 31-12-2002 | full format | 28-08-2003 | 2003-63100278 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | 6,459 | 5,374 | 4,624 | 21,883 | 10,564 | -13,243 | -38,786 | 10,089 | -39,504 | -19,624 | 8,359 | 1,791 | - | - | - | - | - | - | ||
| - | - | - | - | - | 6,459 | 5,374 | 4,624 | 21,883 | 10,564 | -13,243 | -38,786 | 10,089 | -39,504 | -19,624 | 8,359 | 1,791 | - | - | - | - | - | - | ||
| - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 3,781 | 9,634 | 6,640 | 5,847 | 101,311 | 41,447 | 3,117 | - | - | - | - | - | - | ||
| 60,424 | -51,513 | 6,083 | -9,536 | 10,329 | 17,737 | -8,765 | 11 | 30,277 | -21,699 | 13,305 | -54,207 | 32,764 | -502 | 31,746 | 3,271 | - | - | 0 | 0 | 0 | 0 | - | ||
| -140,002 | -139,598 | -147,439 | -136,407 | -141,061 | -157,221 | -163,680 | -169,054 | -163,253 | -195,561 | -206,125 | -187,001 | -140,682 | -144,131 | -96,382 | 22,155 | 55,243 | - | - | - | - | - | - | ||
| -1.3% | 6.1% | -4.2% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| -181.2% | -168.9% | -206.0% | -168.2% | -180.1% | -252.3% | -292.7% | -314.5% | -275.3% | -547.9% | -343.5% | -136.4% | -42.7% | -21.9% | 14.9% | 95.8% | 87.2% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | ||
| 0.36 | 0.38 | 0.33 | 0.39 | 0.36 | 0.28 | 0.25 | 0.23 | 0.26 | 0.11 | 0.15 | 0.14 | 0.34 | 0.31 | 0.41 | 9.23 | 7.45 | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.69 | 0.04 | 0.15 | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | -109.9% | 5.2% | 2.6% | -13.3% | - | - | - | - | - | ||
| -1.3% | 6.1% | -5.6% | 1.4% | 14.2% | 10.3% | 5.4% | 3.9% | 27.7% | 7.3% | -112.2% | -67.2% | -17.7% | -38.9% | -16.4% | 5.0% | 2.3% | -13.3% | - | - | - | - | - | ||
| 1 day | 6 days | 1 day | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | 24 days | - | 1 day | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
The operating result for 2025 is a loss of €675, after a profit of €5,369 in 2024.
Equity is negative. Debt (€224,141) exceeds the balance-sheet total (€79,704).
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 30-06-2025 accounts of . Every holding stands with its own latest accounts.
| BGWA CONSTRUCT
registered office since 25-05-2023 · founded in 2023 |
total assets €110,333 (2025) 0802.112.497 |
| Corețchii, Lilian (sole trader)
establishment since 01-10-2025 |
founded in 2025 1029.033.408 |
| Association des copropriétaires de la Résidence Chambord II à Jette, avenue de Jette, 166
registered office since 13-07-1961 |
founded in 1961 0840.349.602 |
The network starts from the directors of MAXI SOLUTION. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Jetse Laan 166 registered office 1090 Jette | ||
| Bergense Steenweg 1077 1070 Anderlecht 68110 Buying and selling of own real estate | 14-09-2001 | 2.098.375.264 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21464E0031/00E010 | 155 m² | 1 · 146 m² | 19.2 m · 6 |
| 21308H0673/02A002 | 111 m² | 1 · 106 m² | 18.1 m · 5 |
If something looks wrong or is missing, please tell us.