Equity
MAXI-TECH has made a profit without a break since 2022.
MAXI-TECH has made a profit without a break since 2022.
The accounts state no turnover.
Of this, €68,378 falls due within a year.
Short-term debts fell from €100,904 to €68,378.
Eight of the last ten came late. The 2025 accounts came latest: 31 days after the end of the period.
Lower solvency than 83% of companies in wholesale trade. Sector median 42.9% · 9,901 companies.
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 46, micro). It does better than 21% of them on solvency, 53% on liquidity, 31% on profitability and 52% on growth.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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).
In July 2024, 1,375 companies had the same profile as MAXI-TECH has now. Each dot stands for 4 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAXI-TECH itself: 1.0% within 12 months.
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 1,375 companies, not a prediction for MAXI-TECH. 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.
Liquidity is ample, with a current ratio of 26.28 (16.65 in 2024), above the usual 1.5. Short-term debt is 3.5% and cash 0.2% of total assets. However, 92.8% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
These companies have the same main activity as MAXI-TECH: wholesale trade (NACE 46836). They are comparable in size and age: total assets between €643,000 and €4.7m, founded between 2010 and 2019.
MAXI-TECH files the abbreviated format. That format states no turnover. The gross margin rose from €19,476 in 2015 to €99,592 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €570,000. Estimated: probably between €220,000 and €1.5m.
Higher than 16% of 9,901 companies in 2025.
Higher than 95% of 9,664 companies in 2025.
Higher than 29% of 9,779 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
1.9m | 1.8m | 1.6m | 1.4m | 1.1m | 934,431 | 889,421 | 960,834 | 836,682 | 348,484 | 275,589 | |
21/28 |
143,302 | 128,302 | 135,588 | 146,123 | 157,159 | 168,195 | 179,590 | 191,276 | 6,159 | 7,440 | 7,501 | |
22/27 |
143,302 | 128,302 | 135,588 | 146,123 | 157,159 | 168,195 | 179,590 | 191,276 | 6,159 | 7,440 | 7,501 | |
23 |
128,215 | 128,215 | 135,413 | 145,862 | 156,810 | 167,759 | 178,707 | 183,733 | 3,800 | 4,343 | 4,886 | |
24 |
15,087 | 87 | 175 | 261 | 349 | 436 | 883 | 7,543 | 2,359 | 3,096 | 2,615 | |
29/58 |
1.8m | 1.7m | 1.5m | 1.2m | 941,332 | 766,236 | 709,831 | 769,558 | 830,523 | 341,044 | 268,088 | |
3 |
1.7m | 1.6m | 1.4m | 1.2m | 894,973 | 657,493 | 653,882 | 734,541 | 806,136 | 301,299 | 213,510 | |
30/36 |
1.7m | 1.6m | 1.4m | 1.2m | 894,973 | 657,493 | 653,882 | 734,541 | 806,136 | 301,299 | 213,510 | |
40/41 |
124,738 | 72,805 | 48,292 | 36,045 | 42,126 | 106,746 | 45,803 | 24,920 | 19,817 | 25,944 | 16,331 | |
40 |
122,038 | 72,314 | 47,801 | 35,365 | 41,676 | 106,099 | 45,125 | 24,050 | 16,884 | 22,591 | 12,250 | |
41 |
2,700 | 491 | 491 | 680 | 450 | 647 | 678 | 870 | 2,933 | 3,353 | 4,081 | |
54/58 |
4,052 | 5,639 | 5,677 | 4,293 | 4,233 | 1,997 | 10,146 | 10,097 | 4,570 | 13,800 | 38,247 | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
1.9m | 1.8m | 1.6m | 1.4m | 1.1m | 934,431 | 889,421 | 960,834 | 836,682 | 348,484 | 275,589 | |
10/15 |
139,506 | 134,682 | 117,773 | 105,310 | 79,112 | 85,632 | 73,651 | 60,061 | 25,239 | 22,273 | 20,742 | |
10/11 |
19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | |
10 |
- | - | - | - | 19,000 | - | - | - | - | - | - | |
100 |
- | - | - | - | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | |
13 |
1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,100 | 950 | 950 | |
130/1 |
1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | - | - | - | - | - | |
130 |
- | - | - | - | 1,900 | 1,900 | 1,900 | 1,900 | 1,100 | 950 | 950 | |
1311 |
1,900 | 1,900 | 1,900 | 1,900 | - | - | - | - | - | - | - | |
14 |
118,606 | 113,782 | 96,873 | 84,410 | 58,212 | 64,732 | 52,751 | 39,161 | 5,139 | 2,323 | 792 | |
17/49 |
1.8m | 1.7m | 1.5m | 1.3m | 1.0m | 848,799 | 815,770 | 900,773 | 811,443 | 326,211 | 254,847 | |
17 |
1.7m | 1.6m | - | - | 18,014 | - | - | - | - | - | - | |
170/4 |
162,775 | 162,775 | - | - | 18,014 | - | - | - | - | - | - | |
178/9 |
1.6m | 1.4m | - | - | - | - | - | - | - | - | - | |
42/48 |
68,378 | 100,904 | 1.5m | 1.3m | 1.0m | 848,799 | 815,770 | 900,773 | 811,443 | 326,211 | 254,847 | |
42 |
- | 20,384 | - | - | - | - | - | - | - | - | - | |
43 |
- | - | 200,000 | 110,957 | 123,682 | 170,000 | 100,000 | 115,000 | 100,000 | - | - | |
430/8 |
- | - | 200,000 | 110,957 | 123,682 | 170,000 | 100,000 | 100,000 | 100,000 | - | - | |
439 |
- | - | - | - | - | - | - | 15,000 | - | - | - | |
44 |
61,300 | 71,691 | 70,602 | 112,096 | 148,164 | 79,309 | 122,816 | 127,306 | 109,521 | 43,818 | 33,247 | |
440/4 |
61,300 | 71,691 | 70,602 | 112,096 | 148,164 | 79,309 | 122,816 | 127,306 | 109,521 | 43,818 | 33,247 | |
45 |
7,078 | 8,829 | 7,995 | 8,960 | 25,173 | 40,850 | 33,067 | 24,851 | 5,922 | 22,393 | 7,100 | |
450/3 |
3,598 | 2,500 | 4,368 | 2,249 | 14,376 | 22,085 | 21,488 | 16,139 | - | 5,172 | 1,606 | |
454/9 |
3,480 | 6,329 | 3,627 | 6,711 | 10,797 | 18,765 | 11,579 | 8,712 | 5,922 | 17,221 | 5,494 | |
47/48 |
- | - | 1.2m | 1.0m | 704,346 | 558,640 | 559,887 | 633,616 | 596,000 | 260,000 | 214,500 | |
| Income statement | ||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | 107,032 | |
76A |
- | - | - | - | - | - | 104 | 242 | - | - | - | |
9900 |
99,592 | 106,668 | 105,882 | 124,883 | 69,475 | 99,821 | 80,133 | 121,405 | 44,362 | 70,824 | 19,476 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | 87,556 | |
62 |
52,112 | 57,261 | 62,852 | 66,081 | 44,920 | 57,822 | 46,613 | 48,822 | 38,324 | 66,548 | 18,078 | |
630 |
- | 12,161 | 10,535 | 11,036 | 11,036 | 11,395 | 11,686 | 11,686 | 1,281 | 1,281 | 833 | |
640/8 |
12,654 | 626 | 3,702 | 11,155 | 11,026 | 4,705 | 2,708 | 4,592 | 927 | 498 | 966 | |
66A |
- | - | - | - | - | 3,269 | - | - | - | - | 100 | |
9901 |
34,826 | 36,620 | 28,793 | 36,611 | 2,493 | 22,630 | 19,126 | 56,305 | 3,830 | 2,498 | -401 | |
75/76B |
- | 1,395 | 102 | - | 277 | - | 104 | 242 | - | - | 2,351 | |
75 |
- | 1,395 | 102 | - | 277 | - | - | - | - | - | 2,351 | |
76B |
- | - | - | - | - | - | 104 | 242 | - | - | - | |
65/66B |
28,908 | 13,395 | 10,000 | 6,413 | 4,782 | 5,649 | 5,010 | 4,910 | 864 | 341 | 108 | |
65 |
11,908 | 13,395 | 10,000 | 6,413 | 4,782 | 5,649 | 5,010 | 4,910 | 864 | 341 | 108 | |
66B |
17,000 | - | - | - | - | - | - | - | - | - | - | |
9903 |
5,918 | 24,620 | 18,895 | 30,198 | -2,012 | 16,981 | 14,220 | 51,637 | 2,966 | 2,157 | 1,742 | |
67/77 |
1,094 | 7,711 | 6,432 | 4,000 | 4,508 | 5,000 | 630 | 16,815 | - | 626 | - | |
9904 |
4,824 | 16,909 | 12,463 | 26,198 | -6,520 | 11,981 | 13,590 | 34,822 | 2,966 | 1,531 | 1,742 | |
9905 |
4,824 | 16,909 | 12,463 | 26,198 | -6,520 | 11,981 | 13,590 | 34,822 | 2,966 | 1,531 | 1,742 | |
| Appropriation of the result | ||||||||||||
9906 |
118,606 | 113,782 | 96,873 | 84,410 | 58,212 | 64,732 | 52,751 | 39,961 | 5,289 | 2,323 | 1,742 | |
14P |
113,782 | 96,873 | 84,410 | 58,212 | 64,732 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 800 | 150 | - | 950 | |
6920 |
- | - | - | - | - | - | - | 800 | 150 | - | 950 | |
| Social balance sheet | ||||||||||||
9087 |
2 | 3 | 2 | 0.9 | - | 2.4 | 1.8 | 1.9 | 2 | 2.6 | 1 | |
Hours worked1013 |
- | - | - | - | - | 3,850 | 3,263 | 3,603 | 3,470 | 4,528 | 1,412 | |
| Document | ||||||||||||
The notes to these accounts have 7 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 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00472979.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00472979 | |
| 31-12-2024 | full format | 22-08-2025 | 2025-00405765 | |
| 31-12-2023 | full format | 29-08-2024 | 2024-00448828 | |
| 31-12-2022 | full format | 31-07-2023 | 2023-00296811 | |
| 31-12-2021 | full format | 19-08-2022 | 2022-20297138 | |
| 31-12-2020 | micro format | 01-08-2021 | 2021-44700394 | |
| 31-12-2019 | full format | 30-08-2020 | 2020-50700561 | |
| 31-12-2018 | full format | 03-07-2019 | 2019-28300472 | |
| 31-12-2017 | full format | 29-08-2018 | 2018-52900009 | |
| 31-12-2016 | full format | 29-08-2017 | 2017-51600517 | |
| 31-12-2015 | full format | 30-08-2016 | 2016-58900033 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | 48,781 | 39,328 | 47,647 | 13,529 | 34,025 | 30,812 | 67,991 | 5,111 | 3,779 | 432 | ||
| - | 29,070 | 22,998 | 37,234 | 4,516 | 23,376 | 25,276 | 46,508 | 4,247 | 2,812 | 2,575 | ||
| 15,000 | 4,875 | 0 | 0 | 0 | 0 | 0 | 196,803 | 0 | 1,220 | 8,334 | ||
| -1,587 | -38 | 1,384 | 60 | 2,236 | -8,149 | 49 | 5,527 | -9,230 | -24,447 | - | ||
| 1.7m | 1.6m | -17,815 | -40,813 | -60,033 | -82,563 | -105,939 | -131,215 | 19,080 | 14,833 | 13,241 | ||
| - | - | - | - | - | - | - | - | - | - | -0.4% | ||
| 7.2% | 7.4% | 7.3% | 7.7% | 7.2% | 9.2% | 8.3% | 6.3% | 3.0% | 6.4% | 7.5% | ||
| 26.28 | 16.65 | 0.99 | 0.97 | 0.94 | 0.90 | 0.87 | 0.85 | 1.02 | 1.05 | 1.05 | ||
| 1.88 | 0.78 | 0.04 | 0.03 | 0.05 | 0.13 | 0.07 | 0.04 | 0.03 | 0.12 | 0.21 | ||
| 12.91 | 12.43 | 12.68 | 12.02 | 12.89 | 9.91 | 11.08 | 15.00 | 32.15 | 14.65 | 12.29 | ||
| 3.5% | 12.6% | 10.6% | 24.9% | -8.2% | 14.0% | 18.5% | 58.0% | 11.8% | 6.9% | 8.4% | ||
| 0.2% | 0.9% | 0.8% | 1.9% | -0.6% | 1.3% | 1.5% | 3.6% | 0.4% | 0.4% | 0.6% | ||
| - | 3.64 | 3.93 | 7.43 | 2.83 | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | 42 days | ||
| - | - | - | - | - | - | - | - | - | - | 139 days |
EBIT margin: not included in this filing.
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €15,000 | €4,875 | - | - | - |
| - | €12,161 | €10,535 | €11,036 | €11,036 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 5% lower than in 2024.
Debt's share of the balance-sheet total rises from 92.6% to 92.8%. Equity and debt are higher.
MAXI-TECH has no parent and no holdings in its annual accounts. TASPINAR Halil is the only director.
| ADEH-INVEST
registered office since 30-10-2012 · founded in 2012 |
total assets €5.0m (2025) 0500.472.785 |
| COUSSAERT
establishment since 01-02-1974 · founded in 1974 · accounts filed late |
total assets €1.3m (2024) 0413.961.752 |
| OrthoVRX
registered office since 04-11-2025 · founded in 2025 · negative equity (2025) |
total assets €8,980 (2025) 1029.989.451 |
| Association des coproprétaires de l'immeuble sis à 1030 Schaerbeek, rue des Coteaux 206-208
registered office since 21-03-2018 |
founded in 2018 0695.670.835 |
The network starts from the directors of MAXI-TECH. 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 |
|---|---|---|
| Wijnheuvelenstraat 206 registered office 1030 Schaerbeek | 27-05-2015 | 2.243.099.462 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21906D0144/00S004 | 675 m² | 1 · 324 m² | 14.9 m · 4 |
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