MAXIM'S
ActiveMAXIM'S has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €175k and a net result of €49k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 18% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75=
Solvency42▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 1.18 in 2024; short-term debt: 55.8% and cash: 8.9% of total assets), but 83.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.9%
Return on assets
4.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 7760 sector peers (2025).
NBB · sector comparisonPosition among 7760 sector peers
Solvency
better than 18%
← 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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
31 d early
2023
12 d early
2022
3 d early
2021
16 d early
2020
37 d early
2019
17 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€175k▲ 38.8%
2024 · €126k
2018: €48k
2019: €92k
2020: €95k
2021: €111k
2022: €-149k
2023: €-12k
2024: €126k
2018 → 2025
Total assets
€1.04M▼ 61.4%
2024 · €2.69M
2018: €449k
2019: €336k
2020: €594k
2021: €628k
2022: €368k
2023: €1.53M
2024: €2.69M
2018 → 2025
Net result
€49k▼ 64.5%
2024 · €138k
2018: €27k
2019: €44k
2020: €3k
2021: €16k
2022: €-260k
2023: €138k
2024: €138k
2018 → 2025
Working capital
€447k▲ 10.4%
2024 · €405k
2018: €-315k
2019: €-185k
2020: €-115k
2021: €-106k
2022: €-94k
2023: €398k
2024: €405k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€111k-€-149k€-12k▲ 92.2%€126k€175k▲ 38.8%
Operating result€37k-€16k▼ 57.7%€231k▲ 1,386%€218k▼ 5.4%€88k▼ 59.5%
Net result€16k-€-260k€138k€138k▲ 0.1%€49k▼ 64.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 59% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€14k▲ 82.8%
Current assets
€1.03M▼ 61.8%
Equity and liabilities €1.04M
Equity
€175k▲ 38.8%
Debt
€865k▼ 66.3%
The debt ratio falls from 95.3% to 83.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91k▼
2024 · €222k
Cash flow
€52k▼
2024 · €142k
Solvency
16.9%▲
2024 · 4.7%
Current ratio
1.77▲
2024 · 1.18
Quick ratio
0.20▼
2024 · 0.27
Debt / equity
4.93▼
2024 · 20.33
ROE
28.0%▼
2024 · 109.2%
ROA
4.7%▼
2024 · 5.1%
Interest coverage
6.02▼
2024 · 7.16
Debt
€865k▼
2024 · €2.57M
Debt ≤ 1 year
€580k▼
2024 · €2.28M
Debt > 1 year
€285k=
2024 · €285k
Income taxes
€26k▼
2024 · €52k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.69M€1.04M▼
Fixed assets21/28€7k€14k▲
Tangible fixed assets22/27€7k€14k▲
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€4k€12k▲
Current assets29/58€2.69M€1.03M▼
Stocks and contracts in progress3€2.07M€908k▼
Stocks30/36€15k€908k▲
Contracts in progress37€2.05M€0▼
Amounts receivable within one year40/41€28k€25k▼
Trade receivables40€21k€17k▼
Other amounts receivable41€7k€8k▲
Cash at bank and in hand54/58€592k€93k▼
Deferred charges and accrued income490/1€1k€716▼
Equity and liabilities
Total equity and liabilities10/49€2.69M€1.04M▼
Equity10/15€126k€175k▲
Contributions10/11€75k€75k=
Reserves13€51k€100k▲
Non-distributable reserves130/1€9k€9k=
Reserves not available under the articles1311€9k€9k=
Distributable reserves133€42k€91k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€2.57M€865k▼
Amounts payable after more than one year17€285k€285k=
Financial debts170/4€285k€285k=
Amounts payable within one year42/48€2.28M€580k▼
Current portion of amounts payable after more than one year42€11k€6k▼
Trade debts44€16k€2k▼
Suppliers440/4€16k€2k▼
Advances received on contracts in progress46€1.49M€0▼
Taxes, remuneration and social security45€86k€15k▼
Taxes450/3€83k€15k▼
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48€678k€558k▼
Accrued charges and deferred income492/3€656€0▼
Income statement
Code20242025
Non-recurring operating income76A€17k€250▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€2k€31k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€224k€125k▼
Operating profit (loss)9901€218k€88k▼
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€31k€15k▼
Recurring financial charges65€31k€15k▼
Profit (loss) for the period before taxes9903€190k€75k▼
Income taxes67/77€52k€26k▼
Profit (loss) for the period9904€138k€49k▼
Profit (loss) for the period to be appropriated9905€138k€49k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€49k▲
Profit (loss) brought forward from the previous period14P€-111k€0▲
Transfer to equity691/2€27k€49k▲
To other reserves6921€27k€49k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150kEq €175k ▲38.8%
3 profitable years in a row build equity to €175k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €138k ▲0.1%
Net result €138k, the highest in the series.
31-12
Financial
Equity above €100kEq €126k
2 profitable years in a row build equity to €126k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €138k
Net result €138k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-260k ▼1753%
Net result drops to €-260k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100kEq €111k ▲16.6%
4 profitable years in a row build equity to €111k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
Registered office, Brugge · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bergjesbos 248310 BruggeGround area
1,460 m²
Building footprint
255 m²
Volume, LiDAR
1,634 m³
Parcel 31434C0224/00E003, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
B & M Invest
since 19932.009.321.643
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0224/00E003 | Flanders | 1,460 m² | 1 · 254 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PEETERS FRANK LOODGIETERIJ
BE 0864.767.272
Wuustwezel · Eq €175k
VAN CLEYNENBREUGEL BART
BE 0475.665.432
Holsbeek · Eq €176k
FRIGO ELECTRONICS
BE 0449.115.146
Zandhoven · Eq €176k
RYBA
BE 0433.557.732
Schoten · Eq €175k
BENWAR
BE 0838.674.371
Fleurus · Eq €175k
Of 7,042 companies in sector 43221 we hold annual accounts for 3,469. 2,944 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-07-1983
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
27110Manufacture of electrical equipment
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.