MAXIDECO
InactiveMAXIDECO was declared bankrupt on 13-03-2023 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed for insufficient assets by judgment of 22-04-2024, published in the Belgian State Gazette on 26-04-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 11-04-2022, 254 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
254 d late
2019
231 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 243 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Turnover
€119,926
EBIT margin
4.2%
Net result
€1,083▼ 70.2%
2019 · €3,634
Working capital
-€17,379▲ 70.9%
2019 · -€59,791
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Turnover€119,926-
Operating result€5,037-€4,659▼ 7.5%€1,461▼ 68.6%
Net result€1,768-€3,634▲ 106%€1,083▼ 70.2%
EBIT margin4.2%-
Equity€7,687--€21,589-€20,536▲ 4.9%
Total assets€69,904-€61,883▼ 11.5%€79,365▲ 28.3%
Debt€62,217-€83,472▲ 34.2%€99,901▲ 19.7%
Working capital-€26,378--€59,791▼ 127%-€17,379▲ 70.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2020 is 69% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €78,315
Fixed assets
€56,925 ▲ 49.0%
Current assets
€21,390 ▼ 9.7%
Key figures and ratios
EBITDA
€7,461▼
2019 · €10,659
Cash flow
€7,083▼
2019 · €9,634
Solvency
-25.9%▲
2019 · -34.9%
Current ratio
0.55▲
2019 · 0.28
Quick ratio
0.26▲
2019 · 0.15
Debt to equity
-4.86
ROA
1.4%▼
2019 · 5.9%
Interest coverage
19.74
Debt ≤ 1 year
€38,769▼
2019 · €83,472
Debt > 1 year
€61,132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | €119,926 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €6,000 | €6,000 | = |
| Other operating charges640/8 | - | - | €1,055 | - |
| Gross operating margin9900 | -€5,984 | €12,575 | €8,516 | ▼ 32.3% |
| Operating profit (loss)9901 | €5,037 | €4,659 | €1,461 | ▼ 68.6% |
| Recurring financial income75 | €0 | - | - | - |
| Financial charges65/66B | - | - | €378 | - |
| Recurring financial charges65 | €991 | €1,025 | €378 | ▼ 63.1% |
| Profit (loss) for the period before taxes9903 | €4,045 | €3,634 | €1,083 | ▼ 70.2% |
| Income taxes67/77 | €2,278 | - | - | - |
| Profit (loss) for the period9904 | €1,768 | €3,634 | €1,083 | ▼ 70.2% |
| Profit (loss) for the period to be appropriated9905 | €1,768 | €3,634 | €1,083 | ▼ 70.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €69,904 | €61,883 | €79,365 | ▲ 28.3% |
| Formation expenses20 | - | - | €1,050 | - |
| Fixed assets21/28 | €34,065 | €38,202 | €56,925 | ▲ 49.0% |
| Tangible fixed assets22/27 | €29,715 | €33,852 | €49,421 | ▲ 46.0% |
| Plant, machinery and equipment23 | - | - | €16 | - |
| Furniture and vehicles24 | - | - | €49,405 | - |
| Financial fixed assets28 | €4,350 | €4,350 | €7,504 | ▲ 72.5% |
| Current assets29/58 | €35,839 | €23,681 | €21,390 | ▼ 9.7% |
| Stocks and contracts in progress3 | €10,930 | €11,502 | €11,502 | = |
| Stocks30/36 | - | - | €11,502 | - |
| Amounts receivable within one year40/41 | €24,404 | €12,174 | €7,103 | ▼ 41.7% |
| Trade receivables40 | - | - | €6,329 | - |
| Other amounts receivable41 | - | - | €774 | - |
| Current investments50/53 | - | - | €50 | - |
| Cash at bank and in hand54/58 | €505 | €5 | €1,750 | ▲ 34,900% |
| Deferred charges and accrued income490/1 | - | - | €985 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €69,904 | €61,883 | €79,365 | ▲ 28.3% |
| Equity10/15 | €7,687 | -€21,589 | -€20,536 | ▲ 4.9% |
| Contributions10/11 | €51,510 | €18,600 | €18,600 | = |
| Reserves13 | €11,568 | €7,760 | €7,760 | = |
| Tax-exempt reserves132 | - | - | €5,900 | - |
| Distributable reserves133 | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€55,391 | -€47,949 | -€46,896 | ▲ 2.2% |
| Amounts payable17/49 | €62,217 | €83,472 | €99,901 | ▲ 19.7% |
| Amounts payable after more than one year17 | - | - | €61,132 | - |
| Financial debts170/4 | - | - | €51,194 | - |
| Advances received on contracts in progress176 | - | - | €9,938 | - |
| Amounts payable within one year42/48 | €62,217 | €83,472 | €38,769 | ▼ 53.6% |
| Trade debts44 | €60,798 | €49,068 | €38,564 | ▼ 21.4% |
| Suppliers440/4 | - | - | €38,564 | - |
| Taxes, remuneration and social security45 | - | - | €205 | - |
| Taxes450/3 | - | - | €205 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,768 | €3,634 | €1,083 | ▼ 70.2% |
| + Depreciation and write-downs630 | - | €6,000 | €6,000 | = |
| Operating cash flow (approximation) | €1,768 | €9,634 | €7,083 | ▼ 26.5% |
| Investment in fixed assets (approximation) | - | -€10,137 | -€24,723 | ▼ 144% |
| Change in cash | - | -€500 | €1,745 | ▲ 449% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
26-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 22-04-2024
2023
17-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 13-03-2023
2022
11-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 254 days late
2021
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 231 days late
2020
31-12
Financial
Weakest financial yearnet €1,083 ▼70.2%
Net result drops to €1,083, the lowest in the series.
2019
31-12
Financial
Highest result since 2018net €3,634 ▲106%
Net result €3,634, the highest in the series.
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 47 days late
09-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 405 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
03-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 337 days late
2015
18-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 18 days late
14-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 198 days late
2013
09-03
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 221 days late
02-03
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PHILIPPE VAN DER HEYDEN NEETWEG 24, 2220 HEIST-
OP-DEN-BERG |
13-03-2023 → 22-04-2024 |