MAXIMA
ActiveSummary
MAXIMA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €601k and a net result of €147k. Equity is growing by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 56% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-4
Solvency63▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.37 against 3.5 in 2024; short-term debt: 30.1% of total assets), but 61.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
38.3%
Return on assets
9.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
30 d late
2021
60 d late
2020
88 d late
2019
111 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€147k▼ 19.0%
2024 · €181k
2018: €38klowest in 8 years
2019: €50k▲ +31.3% vs 2018
2020: €121k▲ +140% vs 2019
2021: €148k▲ +22.4% vs 2020
2022: €109k▼ -26.3% vs 2021
2023: €115k▲ +5.6% vs 2022
2024: €181k▲ +57.4% vs 2023highest in 8 years
2025: €147k▼ -19.0% vs 2024
2018 → 2025
Working capital
€646k▼ 8.4%
2024 · €705k
2018: €172klowest in 8 years
2019: €178k▲ +3.7% vs 2018
2020: €216k▲ +21.5% vs 2019
2021: €336k▲ +55.4% vs 2020
2022: €430k▲ +27.8% vs 2021
2023: €529k▲ +23.1% vs 2022
2024: €705k▲ +33.2% vs 2023highest in 8 years
2025: €646k▼ -8.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€248k-€357k▲ 43.9%€472k▲ 32.3%€654k▲ 38.4%€601k▼ 8.1%
2021: €248klowest in 5 years
2022: €357k▲ +43.9% vs 2021
2023: €472k▲ +32.3% vs 2022
2024: €654k▲ +38.4% vs 2023highest in 5 years
2025: €601k▼ -8.1% vs 2024
Operating result€200k-€150k▼ 24.7%€149k▼ 1.2%€223k▲ 49.9%€180k▼ 19.3%
2021: €200k
2022: €150k▼ -24.7% vs 2021
2023: €149k▼ -1.2% vs 2022lowest in 5 years
2024: €223k▲ +49.9% vs 2023highest in 5 years
2025: €180k▼ -19.3% vs 2024
Net result€148k-€109k▼ 26.3%€115k▲ 5.6%€181k▲ 57.4%€147k▼ 19.0%
2021: €148k
2022: €109k▼ -26.3% vs 2021lowest in 5 years
2023: €115k▲ +5.6% vs 2022
2024: €181k▲ +57.4% vs 2023highest in 5 years
2025: €147k▼ -19.0% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.57M
Fixed assets
€450k ▼ 4.1%
Current assets
€1.12M ▲ 13.4%
Equity and liabilities €1.57M
Equity
€601k ▼ 8.1%
Debt
€969k ▲ 20.7%
Debt's share of the balance-sheet total rises from 55.1% to 61.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€209k▼
2024 · €251k
Cash flow
€177k▼
2024 · €209k
Current ratio
2.37▼
2024 · 3.50
Debt to equity
1.61▲
2024 · 1.23
ROE
24.5%▼
2024 · 27.7%
ROA
9.4%▼
2024 · 12.4%
Interest coverage
13.54▼
2024 · 23.61
Debt ≤ 1 year
€473k▲
2024 · €282k
Debt > 1 year
€496k▼
2024 · €521k
Income taxes
€67k▼
2024 · €73k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.46M€1.57M▲
Fixed assets21/28€470k€450k▼
Tangible fixed assets22/27€470k€450k▼
Land and buildings22€459k€438k▼
Plant, machinery and equipment23€682€157▼
Furniture and vehicles24€10k€12k▲
Current assets29/58€987k€1.12M▲
Amounts receivable after more than one year29€792k€1.12M▲
Other amounts receivable291€792k€1.12M▲
Amounts receivable within one year40/41€194k-
Other amounts receivable41€194k-
Deferred charges and accrued income490/1€422-
Equity and liabilities
Total equity and liabilities10/49€1.46M€1.57M▲
Equity10/15€654k€601k▼
Contributions10/11€19k€19k=
Reserves13€410k€357k▼
Distributable reserves133€410k€357k▼
Profit (loss) carried forward14€225k€225k=
Amounts payable17/49€803k€969k▲
Amounts payable after more than one year17€521k€496k▼
Financial debts170/4€517k€492k▼
Other amounts payable178/9€4k€4k=
Amounts payable within one year42/48€282k€473k▲
Current portion of amounts payable after more than one year42€27k€25k▼
Financial debts43€2k€2k▼
Credit institutions430/8€2k€2k▼
Trade debts44€8k€2k▼
Suppliers440/4€8k€2k▼
Taxes, remuneration and social security45€128k€145k▲
Taxes450/3€128k€145k▲
Other amounts payable47/48€117k€299k▲
Accrued charges and deferred income492/3€85-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€30k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€254k€213k▼
Operating profit (loss)9901€223k€180k▼
Financial income75/76B€42k€49k▲
Recurring financial income75€42k€49k▲
Financial charges65/66B€11k€15k▲
Recurring financial charges65€11k€15k▲
Profit (loss) for the period before taxes9903€255k€213k▼
Income taxes67/77€73k€67k▼
Profit (loss) for the period9904€181k€147k▼
Profit (loss) for the period to be appropriated9905€181k€147k▼
Appropriation of the result
Profit (loss) to be appropriated9906€318k€372k▲
Profit (loss) brought forward from the previous period14P€137k€225k▲
Transfer from equity791/2-€200k
Transfer to equity691/2€93k€147k▲
To other reserves6921€93k€147k▲
Profit to be distributed694/7-€200k
Return on contributions (dividend)694-€200k
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €22k | €27k | €28k | €30k | ▲ 7.0% |
| Other operating charges640/8 | €3k | €3k | €4k | €4k | €4k | ▲ 5.3% |
| Gross operating margin9900 | €222k | €176k | €179k | €254k | €213k | ▼ 16.1% |
| Operating profit (loss)9901 | €200k | €150k | €149k | €223k | €180k | ▼ 19.3% |
| Financial income75/76B | €11k | €15k | €27k | €42k | €49k | ▲ 16.3% |
| Recurring financial income75 | €11k | €15k | €27k | €42k | €49k | ▲ 16.3% |
| Financial charges65/66B | €9k | €10k | €10k | €11k | €15k | ▲ 45.7% |
| Recurring financial charges65 | €9k | €10k | €10k | €11k | €15k | ▲ 45.7% |
| Profit (loss) for the period before taxes9903 | €201k | €156k | €166k | €255k | €213k | ▼ 16.1% |
| Income taxes67/77 | €53k | €47k | €50k | €73k | €67k | ▼ 9.2% |
| Profit (loss) for the period9904 | €148k | €109k | €115k | €181k | €147k | ▼ 19.0% |
| Profit (loss) for the period to be appropriated9905 | €148k | €109k | €115k | €181k | €147k | ▼ 19.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €918k | €1.13M | €1.28M | €1.46M | €1.57M | ▲ 7.8% |
| Fixed assets21/28 | €461k | €506k | €491k | €470k | €450k | ▼ 4.1% |
| Tangible fixed assets22/27 | €461k | €506k | €491k | €470k | €450k | ▼ 4.1% |
| Land and buildings22 | €461k | €489k | €475k | €459k | €438k | ▼ 4.5% |
| Plant, machinery and equipment23 | - | €2k | €1k | €682 | €157 | ▼ 77.0% |
| Furniture and vehicles24 | - | €15k | €14k | €10k | €12k | ▲ 20.2% |
| Current assets29/58 | €458k | €626k | €791k | €987k | €1.12M | ▲ 13.4% |
| Amounts receivable after more than one year29 | €253k | €418k | €596k | €792k | €1.12M | ▲ 41.3% |
| Other amounts receivable291 | €253k | €418k | €596k | €792k | €1.12M | ▲ 41.3% |
| Amounts receivable within one year40/41 | €204k | €195k | €194k | €194k | - | - |
| Trade receivables40 | - | €400 | - | - | - | - |
| Other amounts receivable41 | €204k | €194k | €194k | €194k | - | - |
| Cash at bank and in hand54/58 | - | €13k | - | - | - | - |
| Deferred charges and accrued income490/1 | €580 | €355 | €608 | €422 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €918k | €1.13M | €1.28M | €1.46M | €1.57M | ▲ 7.8% |
| Equity10/15 | €248k | €357k | €472k | €654k | €601k | ▼ 8.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €93k | €202k | €317k | €410k | €357k | ▼ 12.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €91k | €200k | €317k | €410k | €357k | ▼ 12.9% |
| Profit (loss) carried forward14 | €137k | €137k | €137k | €225k | €225k | = |
| Amounts payable17/49 | €670k | €775k | €809k | €803k | €969k | ▲ 20.7% |
| Amounts payable after more than one year17 | €549k | €579k | €548k | €521k | €496k | ▼ 4.9% |
| Financial debts170/4 | €549k | €579k | €548k | €517k | €492k | ▼ 4.9% |
| Other amounts payable178/9 | - | - | - | €4k | €4k | = |
| Amounts payable within one year42/48 | €121k | €196k | €262k | €282k | €473k | ▲ 67.9% |
| Current portion of amounts payable after more than one year42 | €19k | €30k | €31k | €27k | €25k | ▼ 5.5% |
| Financial debts43 | €2k | €2k | €1k | €2k | €2k | ▼ 5.5% |
| Credit institutions430/8 | - | - | - | €2k | €2k | ▼ 5.5% |
| Other loans439 | €2k | €2k | €1k | - | - | - |
| Trade debts44 | €4k | €17k | €7k | €8k | €2k | ▼ 71.4% |
| Suppliers440/4 | €4k | €17k | €7k | €8k | €2k | ▼ 71.4% |
| Taxes, remuneration and social security45 | €96k | €107k | €103k | €128k | €145k | ▲ 13.3% |
| Taxes450/3 | €96k | €107k | €103k | €128k | €145k | ▲ 13.3% |
| Other amounts payable47/48 | - | €40k | €120k | €117k | €299k | ▲ 155% |
| Accrued charges and deferred income492/3 | - | - | - | €85 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €148k | €109k | €115k | €181k | €147k | ▼ 19.0% |
| + Depreciation and write-downs630 | €19k | €22k | €27k | €28k | €30k | ▲ 7.0% |
| Operating cash flow (approximation) | €167k | €131k | €142k | €209k | €177k | ▼ 15.5% |
| Investment in fixed assets (approximation) | - | €-67k | €-12k | €-7k | €-10k | ▼ 56.6% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €181k ▲57.4%
Operating result €223k, net result €181k, both a record.
31-12
Financial
Equity above €500kEq €654k ▲38.4%
7 profitable years in a row build equity to €654k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
31-12
Financial
Equity above €200kEq €248k ▲148%
4 profitable years in a row build equity to €248k.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
31-12
Financial
Equity above €100kEq €100k ▲68.8%
3 profitable years in a row build equity to €100k.
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 111 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Jalhay · 1 establishment unit since 2006
Ground area
1,224 m²
Building footprint
171 m²
Volume, LiDAR
1,278 m³
Parcel 63038B1138/00C000, Wallonia · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MAXIMA
since 20062.385.925.529
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63038B1138/00C000 | Wallonia | 1,224 m² | 1 · 171 m² | 9.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,761 companies in sector 68321 we hold annual accounts for 1,391. 875 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-05-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
Scores and ratios are computed by Checked and are not a credit decision.