MAXIMUM
Annual accounts 2025
micro format, filed on 08-07-2026, 23 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Money flows
no detail for 2025Balance sheet
balance sheet total €126,268 on 31-12-2025in euro
in euro
Position in the sector
91.6%
Higher than 90% of 9,119 companies in 2025.
11.65
Higher than 91% of 8,757 companies in 2025.
-3.2%
Higher than 20% of 8,885 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
126,268 | 127,912 | 127,478 | 114,232 | 114,395 | 71,941 | 116,805 | 100,426 | 84,573 | 77,996 | 100,446 | 67,734 | 51,577 | 20,510 | 15,858 | 13,517 | 10,123 | 207,448 | 205,792 | 216,324 | |
21/28 |
2,050 | 2,892 | 4,114 | 709 | 7,826 | 14,459 | 20,826 | 27,788 | 2,728 | 8,655 | 15,621 | 22,124 | 23,255 | 1,282 | 1,321 | 684 | 849 | 201,762 | 201,999 | 202,236 | |
22/27 |
2,050 | 2,892 | 4,114 | 709 | 7,826 | 14,459 | 20,826 | 27,788 | 2,728 | 8,655 | 15,621 | 22,124 | 23,255 | 1,282 | 1,321 | 684 | 849 | 473 | 710 | 946 | |
24 |
2,050 | 2,892 | 3,942 | 371 | 7,323 | 13,790 | 20,826 | 27,544 | 1,290 | 6,023 | 11,794 | 22,124 | 23,255 | 1,282 | 1,321 | 684 | 849 | 473 | 710 | 946 | |
26 |
- | - | 173 | 338 | 504 | 669 | - | 243 | 1,438 | 2,632 | 3,827 | - | - | - | - | - | - | - | - | - | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 201,289 | 201,289 | 201,290 | |
29/58 |
124,218 | 125,019 | 123,363 | 113,523 | 106,568 | 57,482 | 95,979 | 72,638 | 81,844 | 69,341 | 84,825 | 45,609 | 28,322 | 19,228 | 14,537 | 12,833 | 9,274 | 5,686 | 3,793 | 14,088 | |
40/41 |
23,859 | 17,009 | 18,195 | 7,461 | 34,996 | 11,894 | 9,697 | 36,369 | 41,149 | 12,421 | 15,159 | 16,635 | 9,221 | 2,252 | 569 | 2,867 | 5,782 | 3,640 | 3,650 | 3,534 | |
40 |
7,586 | 6,059 | 7,705 | - | 30,749 | 7,539 | 9,697 | 36,369 | 21,330 | 8,791 | 5,455 | 5,331 | 1,536 | 2,252 | 529 | 674 | 3,094 | 3,062 | 3,650 | 3,534 | |
41 |
16,273 | 10,950 | 10,489 | 7,461 | 4,246 | 4,355 | - | - | 19,819 | 3,630 | 9,704 | 11,304 | 7,685 | - | 40 | 2,193 | 2,688 | 578 | - | - | |
54/58 |
99,001 | 102,540 | 104,973 | 103,059 | 68,722 | 45,410 | 86,108 | 35,713 | 37,736 | 56,717 | 69,452 | 28,762 | 19,101 | 16,976 | 13,968 | 9,966 | 3,492 | 2,046 | 143 | 10,554 | |
490/1 |
1,359 | 5,470 | 195 | 3,003 | 2,851 | 178 | 174 | 556 | 2,959 | 203 | 213 | 212 | 1 | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
126,268 | 127,912 | 127,478 | 114,232 | 114,395 | 71,941 | 116,805 | 100,426 | 84,573 | 77,996 | 100,446 | 67,734 | 51,577 | 20,510 | 15,858 | 13,517 | 10,123 | 207,448 | 205,792 | 216,324 | |
10/15 |
115,607 | 119,662 | 116,347 | 106,447 | 90,477 | 54,191 | 51,001 | 20,625 | 20,625 | 20,625 | 20,625 | 20,780 | 20,663 | 10,618 | -4,821 | -23,951 | -21,591 | 178,151 | 174,354 | 163,416 | |
10/11 |
18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,592 | |
100 |
- | - | - | - | - | - | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,592 | |
13 |
100,912 | 100,912 | 97,597 | 87,697 | 71,727 | 35,441 | 32,251 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,860 | |
130/1 |
1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,860 | |
1311 |
1,875 | 1,875 | 1,875 | 1,875 | 1,875 | 1,875 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
99,037 | 99,037 | 95,722 | 85,822 | 69,852 | 33,566 | 30,376 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-4,055 | - | - | - | - | - | - | - | - | - | - | 155 | 38 | -10,007 | -25,446 | -44,576 | -42,216 | 157,526 | 153,729 | 142,964 | |
17/49 |
10,662 | 8,249 | 11,131 | 7,785 | 23,918 | 17,751 | 65,804 | 79,801 | 63,948 | 57,371 | 79,821 | 46,954 | 30,914 | 9,892 | 20,679 | 37,468 | 31,714 | 29,297 | 31,438 | 52,908 | |
17 |
- | - | - | - | - | 2,290 | 9,114 | 15,871 | - | - | 1,915 | 7,587 | 13,148 | - | 3,854 | 6,479 | 11,279 | 11,279 | 11,279 | 11,279 | |
170/4 |
- | - | - | - | - | 2,290 | 9,114 | 15,871 | - | - | 1,915 | 7,587 | 13,148 | - | - | - | - | - | - | - | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,854 | 6,479 | 11,279 | 11,279 | 11,279 | 11,279 | |
42/48 |
10,662 | 8,249 | 11,131 | 7,785 | 23,918 | 15,461 | 56,690 | 63,761 | 63,948 | 57,371 | 77,906 | 39,367 | 17,765 | 9,892 | 16,825 | 30,989 | 20,435 | 18,018 | 19,982 | 41,482 | |
42 |
- | - | - | - | 2,290 | 6,824 | 6,757 | 6,691 | - | 1,915 | 5,672 | 5,561 | 5,933 | - | - | - | - | - | - | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 232 | 1,163 | 444 | 6,326 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 232 | 1,163 | 444 | 6,326 | |
44 |
887 | 533 | 4,850 | 3,281 | 3,644 | 454 | 1,795 | 1,582 | 3,423 | 1,657 | 1,641 | 1,135 | 1,347 | 123 | 63 | 568 | 1,602 | 63 | 1,052 | 1,564 | |
440/4 |
887 | 533 | 4,850 | 3,281 | 3,644 | 454 | 1,795 | 1,582 | 3,423 | 1,657 | 1,641 | 1,135 | 1,347 | 123 | 63 | 568 | 1,602 | 63 | 1,052 | 1,564 | |
45 |
9,775 | 7,717 | 6,280 | 4,505 | 17,984 | 7,298 | 45,600 | 10,775 | 14,721 | 13,483 | 22,967 | 8,671 | 8,985 | 7,919 | 16,762 | 14,609 | 3,789 | 5,263 | 13,299 | 19,881 | |
450/3 |
9,775 | 7,717 | 6,280 | 4,505 | 17,984 | 7,298 | 42,100 | 10,775 | 14,721 | 11,483 | 22,967 | 8,671 | 8,985 | 7,919 | 16,762 | 14,609 | 3,789 | 5,263 | 13,299 | 19,881 | |
454/9 |
- | - | - | - | - | - | 3,500 | - | - | 2,000 | - | - | - | - | - | - | - | - | - | - | |
47/48 |
- | - | - | - | - | 884 | 2,537 | 44,712 | 45,803 | 40,317 | 47,626 | 24,000 | 1,500 | 1,850 | - | 15,812 | 14,812 | 11,529 | 5,187 | 13,711 | |
492/3 |
- | - | - | - | - | - | - | 168 | - | - | - | - | 0 | - | - | - | - | - | 177 | 147 | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 130,279 | - | - | 52,641 | 36,202 | - | - | |
9900 |
-47 | 9,787 | 17,329 | 32,326 | 64,301 | 14,695 | 53,610 | 73,552 | 80,835 | 72,801 | 84,916 | 47,670 | 25,701 | 28,297 | 34,796 | 31,944 | 5,736 | 10,049 | 21,138 | 40,592 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 101,982 | 87,490 | 73,464 | 46,368 | 26,153 | - | - | |
630 |
1,672 | 1,978 | 842 | 7,117 | 7,222 | 7,193 | 7,801 | 8,718 | 7,495 | 7,701 | 7,720 | 7,477 | 6,485 | 1,096 | 831 | 579 | 441 | 237 | 237 | 1,306 | |
640/8 |
956 | 934 | 650 | 596 | 593 | 591 | 1,522 | 1,174 | 415 | 617 | 1,266 | 548 | 1,358 | 788 | 811 | 1,352 | 1,646 | 1,469 | 1,272 | - | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 201,289 | - | - | - | |
9901 |
-2,676 | 6,875 | 15,837 | 24,613 | 56,486 | 6,911 | 44,286 | 63,660 | 72,925 | 64,483 | 75,930 | 39,646 | 17,858 | 26,413 | 33,154 | 30,013 | 3,649 | 8,343 | 19,629 | 39,286 | |
75/76B |
- | - | 0 | 0 | 3 | 0 | 0 | - | 1 | 0 | 23 | 3 | 54 | 65 | 20 | 4 | - | - | - | - | |
75 |
- | - | 0 | 0 | 3 | 0 | 0 | - | 1 | 0 | 23 | 3 | 54 | 65 | 20 | 4 | - | - | - | - | |
65/66B |
605 | 1,112 | 750 | 788 | 809 | 977 | 658 | 1,380 | 649 | 675 | 1,141 | 909 | 872 | 579 | 480 | 643 | 525 | 938 | 1,748 | 3,329 | |
65 |
605 | 1,112 | 750 | 788 | 809 | 977 | 658 | 1,380 | 649 | 675 | 1,141 | 909 | 872 | 579 | 480 | 643 | 525 | 938 | 1,748 | 3,329 | |
9903 |
-3,280 | 5,763 | 15,087 | 23,825 | 55,680 | 5,935 | 43,628 | 62,280 | 72,277 | 63,808 | 74,812 | 38,740 | 17,040 | 25,899 | 32,694 | 29,374 | -198,165 | 7,405 | 17,881 | 35,957 | |
67/77 |
775 | 2,447 | 5,187 | 7,855 | 19,394 | 2,745 | 13,252 | 14,418 | 26,474 | 23,491 | 27,341 | 14,623 | 5,495 | 8,118 | 13,564 | 11,734 | 1,577 | 3,608 | 7,100 | 13,996 | |
9904 |
-4,055 | 3,315 | 9,900 | 15,970 | 36,286 | 3,189 | 30,376 | 47,862 | 45,803 | 40,317 | 47,471 | 24,117 | 11,545 | 17,781 | 19,130 | 17,640 | -199,742 | 3,797 | 10,781 | 21,961 | |
9905 |
-4,055 | 3,315 | 9,900 | 15,970 | 36,286 | 3,189 | 30,376 | 47,862 | 45,803 | 40,317 | 47,471 | 24,117 | 11,545 | 17,781 | 19,130 | 17,640 | -199,742 | 3,797 | 10,781 | 21,961 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-4,055 | 3,315 | 9,900 | 15,970 | 36,286 | 3,189 | 30,376 | 47,862 | 45,803 | 40,317 | 47,626 | 24,155 | 1,538 | -7,665 | -25,446 | -24,576 | -42,216 | 157,526 | 153,745 | 142,964 | |
691/2 |
- | 3,315 | 9,900 | 15,970 | 36,286 | 3,189 | 30,376 | - | - | - | - | - | - | - | - | - | - | - | 16 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16 | - | |
6921 |
- | 3,315 | 9,900 | 15,970 | 36,286 | 3,189 | 30,376 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | 47,862 | 45,803 | 40,317 | 47,626 | 24,000 | 1,500 | 2,342 | - | 20,000 | - | - | - | - | |
694 |
- | - | - | - | - | - | - | 47,862 | 45,803 | - | 47,626 | 24,000 | 1,500 | 2,342 | - | 20,000 | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | 40,317 | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 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 08-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-07-2026 | 2026-00282947 | |
| 31-12-2024 | micro format | 04-06-2025 | 2025-00117795 | |
| 31-12-2023 | micro format | 14-06-2024 | 2024-00129183 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00173176 | |
| 31-12-2021 | micro format | 12-07-2022 | 2022-20173590 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57200143 | |
| 31-12-2019 | micro format | 08-07-2020 | 2020-27500435 | |
| 31-12-2018 | micro format | 31-05-2019 | 2019-15400218 | |
| 31-12-2017 | micro format | 06-07-2018 | 2018-30100294 | |
| 31-12-2016 | micro format | 27-07-2017 | 2017-37100136 | |
| 31-12-2015 | full format | 22-06-2016 | 2016-20800429 | |
| 31-12-2014 | full format | 18-08-2015 | 2015-43500544 | |
| 31-12-2013 | full format | 11-06-2014 | 2014-16800248 | |
| 31-12-2012 | full format | 03-06-2013 | 2013-15300446 | |
| 31-12-2011 | full format | 25-07-2012 | 2012-35000287 | |
| 31-12-2010 | full format | 30-05-2011 | 2011-13600357 | |
| 31-12-2009 | full format | 25-08-2010 | 2010-45400400 | |
| 31-12-2008 | full format | 22-07-2009 | 2009-46700132 | |
| 31-12-2007 | full format | 04-10-2008 | 2008-77500057 | |
| 31-12-2006 | full format | 30-10-2007 | 2007-78800063 | |
| 31-12-2005 | full format | 04-07-2006 | 2006-40103829 | |
| 31-12-2004 | full format | 02-08-2005 | 2005-62302143 | |
| 31-12-2003 | full format | 26-07-2004 | 2004-50504594 | |
| 31-12-2002 | full format | 23-07-2003 | 2003-48404441 | |
| 31-12-2001 | full format | 05-11-2002 | 2002-70004398 | |
| 31-12-2000 | full format | 11-10-2001 | 2001-63600655 | |
| 31-12-1999 | full format | 13-10-2000 | 2000-64705332 | |
| 31-12-1998 | full format | 09-11-1999 | 1999-58000843 | |
| 31-12-1997 | full format | 23-09-1998 | 1998-48400068 | |
| 31-12-1996 | full format | 14-10-1997 | 1997-49102237 | |
| 31-12-1995 | full format | 30-10-1996 | 1996-49404290 | |
| 31-12-1994 | full format | 05-07-1995 | 1995-37001074 | |
| 31-12-1993 | full format | 21-09-1994 | 1994-60100569 | |
| 31-12-1992 | full format | 07-07-1993 | 1993-25000266 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1,003 | 8,853 | 16,679 | 31,730 | 63,708 | 14,105 | 52,087 | 72,377 | 80,420 | 72,184 | 83,650 | 47,123 | 24,344 | 27,509 | 33,985 | 30,592 | 4,090 | 8,580 | 19,866 | 40,592 | ||
| -2,383 | 5,293 | 10,742 | 23,088 | 43,508 | 10,383 | 38,177 | 56,579 | 53,298 | 48,018 | 55,192 | 31,594 | 18,030 | 18,877 | 19,961 | 18,219 | -199,301 | 4,034 | 11,018 | 23,267 | ||
| 830 | 756 | 4,247 | 0 | 589 | 827 | 839 | 33,777 | 1,568 | 735 | 1,217 | 6,346 | 28,458 | 1,057 | 1,468 | 414 | 817 | 0 | 0 | 1,182 | ||
| -3,539 | -2,433 | 1,915 | 34,337 | 23,312 | -40,698 | 50,395 | -2,022 | -18,981 | -12,736 | 40,690 | 9,662 | 2,125 | 3,008 | 4,002 | 6,474 | 1,446 | 1,903 | -10,411 | - | ||
| 113,557 | 116,770 | 112,233 | 105,738 | 82,650 | 42,021 | 39,290 | 8,877 | 17,897 | 11,970 | 6,919 | 6,243 | 10,557 | 9,336 | -2,288 | -18,156 | -11,161 | -12,332 | -16,189 | -27,394 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 20.3% | - | - | 6.9% | 23.0% | - | - | ||
| 91.6% | 93.6% | 91.3% | 93.2% | 79.1% | 75.3% | 43.7% | 20.5% | 24.4% | 26.4% | 20.5% | 30.7% | 40.1% | 51.8% | -30.4% | -177.2% | -213.3% | 85.9% | 84.7% | 75.5% | ||
| 11.65 | 15.16 | 11.08 | 14.58 | 4.46 | 3.72 | 1.69 | 1.14 | 1.28 | 1.21 | 1.09 | 1.16 | 1.59 | 1.94 | 0.86 | 0.41 | 0.45 | 0.32 | 0.19 | 0.34 | ||
| 0.09 | 0.07 | 0.10 | 0.07 | 0.26 | 0.33 | 1.29 | 3.87 | 3.10 | 2.78 | 3.87 | 2.26 | 1.50 | 0.93 | - | - | - | 0.16 | 0.18 | 0.32 | ||
| -3.5% | 2.8% | 8.5% | 15.0% | 40.1% | 5.9% | 59.6% | 232.1% | 222.1% | 195.5% | 230.2% | 116.1% | 55.9% | 167.5% | - | - | - | 2.1% | 6.2% | 13.4% | ||
| -3.2% | 2.6% | 7.8% | 14.0% | 31.7% | 4.4% | 26.0% | 47.7% | 54.2% | 51.7% | 47.3% | 35.6% | 22.4% | 86.7% | 120.6% | 130.5% | - | 1.8% | 5.2% | 10.2% | ||
| -1.66 | 7.96 | 22.24 | 40.26 | 78.71 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 6 days | - | - | 21 days | 31 days | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 0 days | 0 days | 3 days | 13 days | 1 day | - | - |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €830 | €756 | €4,247 | - | €589 |
| €1,672 | €1,978 | €842 | €7,117 | €7,222 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MAXIMUM
The operating result for 2025 is a loss of €2,676, after a profit of €6,875 in 2024. It is the lowest result since 2006.
Debt's share of the balance-sheet total rises from 6.4% to 8.4%. Equity is lower and debt is higher.