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MAXIMUM

Active
Private limited companyfounded 2002active for 23 yearsAnsberg 5, 1654 Beersel, BelgiumKBO/BCE: BE 0479.143.772
Summary

MAXIMUM has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €274,854 and a net result of €30,779. Equity is shrinking by about 3.9% per year across the filed financial years. Its solvency ranks better than 38% of 12,678 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Retail sale of newspapers and periodicals
NACE 47621
2 sites
Size
€1.1mtotal assets 2025
Staff
2 FTE
Equity
€274,854
Profit
€30,779
Turnover not published (abbreviated format)
Financial health
87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Holdings
1
  • COEKELBERGHS MarcDirector
  • NULENS Marie-Claire Ghislaine MariaDirector
2025 accounts filed 28 days late1 of 6 deeds summarised
Why 87raises riskSector: Retail trade (NACE 47)lowers riskFounded in 2002Size: 2 FTE, total assets €1.1mFigures for financial year 2025 (filed 28-08-2026)Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 44% of its sector peers (NACE 47, micro)
Financial strength · tick = 2024
Average
Solvency 51-1
equity 25.7% of total assets
Liquidity 54=
short-term debt 31.6% · cash 14.1%
Profitability 56-10
return on assets 2.9%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,242 companies, NACE 47, micro)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.9%▲ +0.1 percentage points vs 05-2025 07-2025: 0.3%▼ -0.6 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.4%▲ +0.1 percentage points vs 01-2026 03-2026: 0.3%▼ -0.1 percentage points vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.9%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 0.2%▼ -0.7 percentage points vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €23,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.96, compared with 0.93 in 2024, below 1; short-term debt: 31.6% and cash: 14.1% of total assets), and 74.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 41% on solvency, 59% on liquidity, 40% on profitability and 34% on growth.

The bankruptcy probability was computed on 25-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 2002
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: 2 FTE, total assets €1.1m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Figures for financial year 2025 (filed 28-08-2026)
NBB · annual accounts
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
28 days late
2024
55 days early
2023
29 days late
2022
31 days late
2021
31 days late
2020
9 days late
2019
12 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 12 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Highest result from 2018 to 2025net €46,536 ▲132%

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00441472.

Equity
€274,854▼ 2.9%
2024 · €283,075
Total assets
€1.1m▲ 1.3%
2024 · €1.1m
Net result
€30,779▼ 33.9%
2024 · €46,536
Working capital
-€12,210▲ 35.5%
2024 · -€18,918
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 47% below 2024 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.03m 2025 Net result€0.03m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.1m-€0.1m▲ 6.4%€0.06m▼ 53.3%€0.07m▲ 4.9%€0.04m▼ 35.9%€0.05m▲ 20.0%€0.07m▲ 26.7%€0.03m▼ 46.8%
Net result€0.03m-€0.04m▲ 16.4%-€0.009mbelow the sector's middle half-€0.001mbelow the sector's middle half▲ 86.8%-€0.005mbelow the sector's middle half▼ 324%€0.02mwithin the sector's middle half€0.05mwithin the sector's middle half▲ 132%€0.03mwithin the sector's middle half▼ 33.9%
Equity€0.3m-€0.4m▲ 11.9%€0.4mwithin the sector's middle half▼ 2.5%€0.4mwithin the sector's middle half▼ 0.3%€0.3mwithin the sector's middle half▼ 20.0%€0.3mwithin the sector's middle half▼ 7.6%€0.3mwithin the sector's middle half▲ 6.2%€0.3mwithin the sector's middle half▼ 2.9%
Total assets€1.3m-€1.3m▲ 2.5%€1.3mwithin the sector's middle half▼ 5.1%€1.2mwithin the sector's middle half▼ 6.2%€1.1mwithin the sector's middle half▼ 5.4%€1.1mwithin the sector's middle half▲ 1.1%€1.1mwithin the sector's middle half▼ 7.7%€1.1mwithin the sector's middle half▲ 1.3%
Debt€0.7m-€0.7m▲ 3.3%€0.6m▼ 8.6%€0.5m▼ 12.7%€0.5m▲ 1.4%€0.6m▲ 6.3%€0.5m▼ 17.9%€0.5m▲ 4.6%
Working capital€0.3m-€0.008m▼ 97.2%€0.05mwithin the sector's middle half▲ 509%€0.06mwithin the sector's middle half▲ 24.6%-€0.03mbelow the sector's middle half-€0.05mbelow the sector's middle half▼ 87.1%-€0.02mbelow the sector's middle half▲ 61.9%-€0.01mbelow the sector's middle half▲ 35.5%
Solvency25.3%-27.7%▲ 2.3pp28.4%within the sector's middle half▲ 0.7pp30.2%within the sector's middle half▲ 1.8pp25.5%within the sector's middle half▼ 4.7pp23.3%within the sector's middle half▼ 2.2pp26.8%within the sector's middle half▲ 3.5pp25.7%within the sector's middle half▼ 1.1pp
Current ratio1.87-1.02▼ 0.841.16within the sector's middle half▲ 0.131.23within the sector's middle half▲ 0.080.91below the sector's middle half▼ 0.320.86below the sector's middle half▼ 0.060.93below the sector's middle half▲ 0.080.96below the sector's middle half▲ 0.03
Return on assets (ROA)2.6%-2.9%▲ 0.3pp-0.7%below the sector's middle half▼ 3.7pp-0.1%below the sector's middle half▲ 0.6pp-0.5%below the sector's middle half▼ 0.4pp1.8%within the sector's middle half▲ 2.2pp4.4%within the sector's middle half▲ 2.7pp2.9%within the sector's middle half▼ 1.5pp
Staff (FTE)3-2.7▼ 10.0%2.2within the sector's middle half▼ 18.5%1.9within the sector's middle half▼ 13.6%1.7within the sector's middle half▼ 10.5%1.8within the sector's middle half▲ 5.9%1.8within the sector's middle half=2within the sector's middle half▲ 11.1%
above within below the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets €743,174 ▼ 6.2%
Current assets €325,571 ▲ 24.0%
Equity and liabilities €1.1m
Equity €274,854 ▼ 2.9%
Provisions €294,000 =
Debt €499,891 ▲ 4.6%
Debt's share of the balance-sheet total rises from 45.3% to 46.8%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€85,041▼
2024 · €116,249
Cash flow
€81,157▼
2024 · €97,601
Quick ratio
0.90▲
2024 · 0.85
Debt to equity
1.82▲
2024 · 1.69
ROE
11.2%▼
2024 · 16.4%
Interest coverage
4.06▼
2024 · 5.03
Debt ≤ 1 year
€337,781▲
2024 · €281,466
Debt > 1 year
€152,110▼
2024 · €188,707
Income taxes
€2,483▼
2024 · €21,727
Staff costs
€88,530▲
2024 · €76,220
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.5% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.1% went bankrupt
2.3% stopped otherwise
96.5% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,984 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.1m€1.1m▲
Fixed assets21/28€0.8m€0.7m▼
Tangible fixed assets22/27€0.8m€0.7m▼
Land and buildings22€0.8m€0.7m▼
Plant, machinery and equipment23€0.001m€0.002m▲
Furniture and vehicles24€0.003m€0.002m▼
Leasing and similar rights25€0.03m€0.02m▼
Financial fixed assets28€0.005m€0.005m=
Current assets29/58€0.3m€0.3m▲
Stocks and contracts in progress3€0.02m€0.02m▼
Stocks30/36€0.02m€0.02m▼
Amounts receivable within one year40/41€0.1m€0.1m▲
Trade receivables40€0.1m€0.1m▲
Other amounts receivable41€0.009m€0.02m▲
Current investments50/53€0.001m€0.002m▲
Cash at bank and in hand54/58€0.1m€0.2m▲
Deferred charges and accrued income490/1€0.005m€0.005m▼
Equity and liabilities
Total equity and liabilities10/49€1.1m€1.1m▲
Equity10/15€0.3m€0.3m▼
Contributions10/11€0.02m€0.02m=
Reserves13€0.2m€0.2m▼
Tax-exempt reserves132€0.04m€0.04m=
Distributable reserves133€0.1m€0.1m▼
Profit (loss) carried forward14€0.1m€0.1m▲
Provisions and deferred taxes16€0.3m€0.3m=
Provisions for liabilities and charges160/5€0.3m€0.3m=
Pensions and similar obligations160€0.3m€0.3m=
Amounts payable17/49€0.5m€0.5m▲
Amounts payable after more than one year17€0.2m€0.2m▼
Financial debts170/4€0.2m€0.2m▼
Amounts payable within one year42/48€0.3m€0.3m▲
Current portion of amounts payable after more than one year42€0.04m€0.04m▼
Financial debts43€0.04m€0.04m▲
Credit institutions430/8€0.04m€0.04m▲
Other loans439€0-
Trade debts44€0.02m€0.02m▼
Suppliers440/4€0.02m€0.02m▼
Taxes, remuneration and social security45€0.04m€0.06m▲
Taxes450/3€0.02m€0.03m▲
Remuneration and social security454/9€0.02m€0.03m▲
Other amounts payable47/48€0.1m€0.2m▲
Accrued charges and deferred income492/3€0.008m€0.01m▲
Income statement Code20242025
Non-recurring operating income76A-€0.002m
Remuneration, social security and pensions62€0.08m€0.09m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.05m€0.05m▼
Other operating charges640/8€0.009m€0.01m▲
Gross operating margin9900€0.2m€0.2m▼
Operating profit (loss)9901€0.07m€0.03m▼
Financial income75/76B€0.03m€0.02m▼
Recurring financial income75€0.03m€0.02m▼
Financial charges65/66B€0.02m€0.02m▼
Recurring financial charges65€0.02m€0.02m▼
Non-recurring financial charges66B€0.001m€0▼
Profit (loss) for the period before taxes9903€0.07m€0.03m▼
Income taxes67/77€0.02m€0.002m▼
Profit (loss) for the period9904€0.05m€0.03m▼
Profit (loss) for the period to be appropriated9905€0.05m€0.03m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.1m▼
Profit (loss) brought forward from the previous period14P€0.1m€0.1m=
Transfer from equity791/2€0.03m€0.04m▲
Transfer to equity691/2€0.05m€0.03m▼
To other reserves6921€0.05m€0.03m▼
Profit to be distributed694/7€0.03m€0.04m▲
Return on contributions (dividend)694€0.03m€0.04m▲
Social balance sheet
Average headcount (FTE)90871.82.0▲

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-------€1,662-
Remuneration, social security and pensions62---€34,517€59,733€76,883€76,220€88,530▲ 16.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56,420€62,280€60,178€43,973€45,087€51,805€51,065€50,378▼ 1.3%
Other operating charges640/8---€7,052€7,421€9,700€8,696€9,501▲ 9.2%
Gross operating margin9900€246,309€253,083€162,484€152,463€155,117€189,841€201,166€183,071▼ 9.0%
Operating profit (loss)9901€128,283€136,477€63,794€66,921€42,876€51,453€65,184€34,663▼ 46.8%
Financial income75/76B---€5,204€5,387€965€27,035€19,528▼ 27.8%
Recurring financial income75€5,572€4,917€2,709€5,204€5,387€965€27,035€19,528▼ 27.8%
Financial charges65/66B---€63,160€36,643€22,799€23,956€20,929▼ 12.6%
Recurring financial charges65€24,742€24,526€23,814€17,660€15,201€19,232€23,130€20,929▼ 9.5%
Non-recurring financial charges66B---€45,500€21,442€3,567€826€0▼ 100%
Profit (loss) for the period before taxes9903€63,613€71,368-€2,812€8,965€11,620€29,619€68,263€33,262▼ 51.3%
Income taxes67/77€29,732€31,946€6,519€10,201€16,865€9,548€21,727€2,483▼ 88.6%
Profit (loss) for the period9904€33,881€39,422-€9,331-€1,236-€5,245€20,071€46,536€30,779▼ 33.9%
Profit (loss) for the period to be appropriated9905€33,881€39,422-€9,331-€1,236-€5,245€20,071€46,536€30,779▼ 33.9%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.3m€1.3m€1.3m€1.2m€1.1m€1.1m€1.1m€1.1m▲ 1.3%
Fixed assets21/28€0.7m€1.0m€0.9m€0.9m€0.8m€0.8m€0.8m€0.7m▼ 6.2%
Tangible fixed assets22/27€0.7m€1.0m€0.9m€0.9m€0.8m€0.8m€0.8m€0.7m▼ 6.3%
Land and buildings22---€0.9m€0.8m€0.8m€0.8m€0.7m▼ 5.2%
Plant, machinery and equipment23---€0.004m€0.003m€0.002m€0.001m€0.002m▲ 53.3%
Furniture and vehicles24---€0.004m€0.005m€0.006m€0.003m€0.002m▼ 49.1%
Leasing and similar rights25-----€0.04m€0.03m€0.02m▼ 30.6%
Financial fixed assets28€0.005m€0.005m€0.005m€0.005m€0.005m€0.005m€0.005m€0.005m=
Current assets29/58€0.6m€0.4m€0.4m€0.3m€0.3m€0.3m€0.3m€0.3m▲ 24.0%
Stocks and contracts in progress3€0.009m€0.008m€0.009m€0.02m€0.03m€0.03m€0.02m€0.02m▼ 6.2%
Stocks30/36---€0.02m€0.03m€0.03m€0.02m€0.02m▼ 6.2%
Amounts receivable within one year40/41€0.4m€0.09m€0.1m€0.04m€0.09m€0.1m€0.1m€0.1m▲ 28.1%
Trade receivables40---€0.04m€0.09m€0.1m€0.1m€0.1m▲ 16.1%
Other amounts receivable41---€0.003m€0.003m€0.01m€0.009m€0.02m▲ 175%
Current investments50/53€0.2m€0.2m€0.2m€0.1m€0.1m€0.1m€0.001m€0.002m▲ 35.1%
Cash at bank and in hand54/58€0.05m€0.09m€0.08m€0.1m€0.02m€0.02m€0.1m€0.2m▲ 27.3%
Deferred charges and accrued income490/1---€0.01m€0.004m€0.004m€0.005m€0.005m▼ 1.5%
Equity and liabilities
Total equity and liabilities10/49€1.3m€1.3m€1.3m€1.2m€1.1m€1.1m€1.1m€1.1m▲ 1.3%
Equity10/15€0.3m€0.4m€0.4m€0.4m€0.3m€0.3m€0.3m€0.3m▼ 2.9%
Contributions10/11€0.02m€0.02m-€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.2m€0.2m€0.2m€0.2m€0.2m€0.1m€0.2m€0.2m▼ 5.6%
Non-distributable reserves130/1---€0.002m€0.002m----
Reserves not available under the articles1311---€0.002m€0.002m----
Tax-exempt reserves132---€0.05m€0.04m€0.04m€0.04m€0.04m=
Distributable reserves133---€0.2m€0.1m€0.1m€0.1m€0.1m▼ 7.1%
Profit (loss) carried forward14€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m▲ 0.8%
Provisions and deferred taxes16€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m=
Provisions for liabilities and charges160/5---€0.3m€0.3m€0.3m€0.3m€0.3m=
Pensions and similar obligations160---€0.3m€0.3m€0.3m€0.3m€0.3m=
Amounts payable17/49€0.7m€0.7m€0.6m€0.5m€0.5m€0.6m€0.5m€0.5m▲ 4.6%
Amounts payable after more than one year17€0.3m€0.3m€0.3m€0.3m€0.2m€0.2m€0.2m€0.2m▼ 19.4%
Financial debts170/4---€0.3m€0.2m€0.2m€0.2m€0.2m▼ 19.4%
Amounts payable within one year42/48€0.3m€0.4m€0.3m€0.3m€0.3m€0.3m€0.3m€0.3m▲ 20.0%
Current portion of amounts payable after more than one year42---€0.09m€0.05m€0.05m€0.04m€0.04m▼ 10.9%
Financial debts43---€0.09m€0.09m€0.08m€0.04m€0.04m▲ 2.1%
Credit institutions430/8---€0.09m€0.09m€0.08m€0.04m€0.04m▲ 2.1%
Other loans439-----€0.006m€0--
Trade debts44€0.07m€0.08m€0.07m€0.03m€0.04m€0.06m€0.02m€0.02m▼ 4.7%
Suppliers440/4---€0.03m€0.04m€0.06m€0.02m€0.02m▼ 4.7%
Taxes, remuneration and social security45---€0.02m€0.04m€0.03m€0.04m€0.06m▲ 54.3%
Taxes450/3---€0.01m€0.02m€0.008m€0.02m€0.03m▲ 65.1%
Remuneration and social security454/9---€0.01m€0.02m€0.02m€0.02m€0.03m▲ 43.3%
Other amounts payable47/48---€0.03m€0.1m€0.1m€0.1m€0.2m▲ 30.3%
Accrued charges and deferred income492/3---€0.002m€0.002m€0.003m€0.008m€0.01m▲ 28.6%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€33,881€39,422-€9,331-€1,236-€5,245€20,071€46,536€30,779▼ 33.9%
+ Depreciation and write-downs630€56,420€62,280€60,178€43,973€45,087€51,805€51,065€50,378▼ 1.3%
Operating cash flow (approximation)€90,302€101,702€50,847€42,737€39,842€71,876€97,601€81,157▼ 16.8%
Investment in fixed assets (approximation)--€346,277€500-€2,268-€10,034-€50,006€0-€1,077-
Change in cash-€44,044-€12,977€49,918-€111,292€3,453€95,283€32,255▼ 66.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 22 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 28-08-2026 2026-00441472
31-12-2024 abbreviated format 06-06-2025 2025-00123819
31-12-2023 abbreviated format 29-08-2024 2024-00389378
31-12-2022 abbreviated format 31-08-2023 2023-00405376
31-12-2021 abbreviated format 31-08-2022 2022-20358807
31-12-2020 abbreviated format 09-08-2021 2021-47000431
31-12-2019 abbreviated format 12-08-2020 2020-41100264
31-12-2018 abbreviated format 23-08-2019 2019-50400113
31-12-2017 abbreviated format 27-08-2018 2018-51000148
31-12-2016 abbreviated format 31-08-2017 2017-58200452

Show all 22 filings

Similar companies · same sector, comparable size

Of the 2,284 active companies whose main activity is retail sale of newspapers and periodicals (NACE 47621), figures are known for 1,252. 963 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, last change in 2023
COEKELBERGHS Marc
Director (not named in the articles)
Current
NULENS Marie-Claire Ghislaine Maria
Director (not named in the articles)
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
5 of this company's 6 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

2 people since 2023, 2 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
COEKELBERGHS Marc
  • Manager, until 27-07-2023
  • Director (not named in the articles), since before 27-07-2023
NULENS Marie-Claire Ghislaine Maria
  • Manager, until 27-07-2023
  • Director (not named in the articles), since before 27-07-2023
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 27-07-2023 Converted to unavailable equity · €20,460
  2. 27-07-2023 Converted to available equity

Group and network

Holdings and subsidiaries

1 holding

Holdings 1

According to the 2025 annual accounts of MAXIMUM and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 26 December 2002, MAXIMUM was incorporated.1 Total assets went from €1.3m in 2018 to €1.1m in 2025 and headcount from 3 to 2 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
financial year 2025 · abbreviated format · 28 days late
2025
06-06
NBB filing Annual accounts filed
financial year 2024 · abbreviated format
2024
31-12
Financial Highest result from 2018 to 2025net €46,536 ▲132%
Net result €46,536, the highest in the series.
29-08
NBB filing Annual accounts filed
financial year 2023 · abbreviated format · 29 days late
2023
31-12
Financial Back to profitnet €20,071
Net result €20,071 after 3 loss-making years.
31-08
NBB filing Annual accounts filed
financial year 2022 · abbreviated format · 31 days late
27-07
Gazette deed Resignations: COEKELBERGHS Marc (manager) and NULENS Marie-Claire Ghislaine Maria (manager)
Reappointments: COEKELBERGHS Marc (director) and NULENS Marie-Claire Ghislaine Maria (director) · Capital conversion · Amendment of the articles15 facts ▸
  • General meeting, 27-06-2023
  • Other provision, “statuten in overeenstemming brengen met WVV met behoud rechtsvorm besloten vennootschap, artikel 39,§1,eerste en derde alinea WVV” (deed in Dutch)
  • Capital conversion, “statutaire onbeschikbare vermogensrekening” (deed in Dutch)
  • Capital conversion, “beschikbare eigen vermogensrekening” (deed in Dutch)
  • Amendment of the articles
  • Capital
  • Director resignation, COEKELBERGHS Marc (manager)
  • Director resignation, NULENS Marie-Claire Ghislaine Maria (manager)
  • Director reappointment, COEKELBERGHS Marc (director (not named in the articles))
  • Director reappointment, NULENS Marie-Claire Ghislaine Maria (director (not named in the articles))
  • Director discharge, COEKELBERGHS Marc
  • Director discharge, NULENS Marie-Claire Ghislaine Maria
  • +3 further facts in this act
2022
31-08
NBB filing Annual accounts filed
financial year 2021 · abbreviated format · 31 days late
2021
09-08
NBB filing Annual accounts filed
financial year 2020 · abbreviated format · 9 days late
2020
31-12
Financial Weakest financial yearnet -€9,331
Net result drops to -€9,331, the lowest in the series; recovery starts the following year.
12-08
NBB filing Annual accounts filed
financial year 2019 · abbreviated format · 12 days late
2019
23-08
NBB filing Annual accounts filed
financial year 2018 · abbreviated format · 23 days late
2018
27-08
NBB filing Annual accounts filed
financial year 2017 · abbreviated format · 27 days late
2017
31-08
NBB filing Annual accounts filed
financial year 2016 · abbreviated format · 31 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 22 annual accounts filed, the latest 10 are here; all 22 are under Financials.
1 of 6 deeds read
About the unread acts

Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded26-12-2002
Financial year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
47640Retail sale of games and toys
E-invoicing
Reachable via Peppol
Peppol ID 0208:0479143772
Registered 21-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 26 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Beersel · 2 establishment units since 2003
registered office establishment All 2 establishment units on the map
Ground area
7.7 ha
Building footprint
917 m²
Building volume
1,151 m³
2 parcels, Flanders, Wallonia · tallest building 7.5 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
2 establishment units
Avenue Reine Fabiola 9, 1340 Ottignies-Louvain-la-Neuve
Retail sale of newspapers and periodicals
since 2003unit no. 2.126.251.876
Ansberg 5, 1654 Beersel
Retail sale of newspapers and periodicals
since 2003unit no. 2.126.251.777
2 parcels
Flanders 1 (50%) Wallonia 1 (50%)
Cadastral parcel Region Area Buildings Height / floors
25083F0130/00K000 Wallonia 7.4 ha 1 · 707 m² -
23035A0179/00D004 Flanders 2,399 m² 1 · 210 m² 7.5 m · 2
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Het investeren en beleggen in onroerend goederen,het huren,verhuren en aan- en verkopen van onroerende goederen,het verkavelen,het…” (deed in Dutch)
17 activities (deed in Dutch)
  1. Het investeren en beleggen in onroerend goederen,het huren,verhuren en aan- en verkopen van onroerende goederen,het verkavelen,het ruilen,het verbeteren,het renoveren van onroerende goederen,het verhuren al dan niet gemeubeld,het opbouwen van een onroerend patrimonium met inbegrip van onroerende zakelijke rechten en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of het productief maken van onroerende goederen of onroerende zakelijke rechten
  2. Het beheer en valorisatie van een onroerend patrimonium,met of zonder direct link met de andere activiteiten van de vennootschap,in volle eigendom of in zakelijke rechten,onder meer door het aan- en verkopen,het huren en verhuren,het onderhouden,het verkavelen,het ter beschikking stellen,het renoveren,het bouwen,dit allemaal in het breedste zin
  3. Het opnemen of uitoefening van bestuursmandaten in andere vennootschappen of verenigingen (zoals onder meer bestuurder,zaakvoerder,gedelegeerd aan het dagelijks bestuur,vereffenaar)
  4. Het nemen van participaties onder welke vorm dan ook,in alle vennootschappen en verenigingen,bestaande of nog op te richten,met burgerlijke,industriële,financiële,onroerende,commerciële of andere doeleinden;het beheer en de valorisatie van deze participaties
  5. Holding activiteiten zoals de aankoop,verkoop,cessie en ruil van alle roerende waarden,aandelen,deelbewijzen,obligaties,overheidsfondsen,opties en alle andere roerende rechten
  6. De verkoop van pralines,telefoonkaarten,decoratie en geschenkartikelen,postzegels,ballonen
  7. De verkoop van broodjes en kleine eetwaren
  8. De verkoop van lotto en deelnemingsformulieren
  9. De uitbating van handel in boeken,kranten,tijdschriften en kantoorbehoeften
  10. De uitbating van kleinhandel en groothandel in spellen en speelgoed
  11. De uitbating van kleinhandel in groenten en fruit,schoonheidsproducten,toiletartikelen,parfumerieartikelen,geschenkartikelen en peluches,dagbladhandel,kleinhandel in sigaren,sigaretten,tabak en rookartikelen
  12. De verkoop van wijnen,schuimwijn en champagne,bloemen en planten
  13. De verkoop van producten van de suikerbakkerij,snoep en videotheek
  14. De verkoop van ijsproducten
  15. De aankoop,verkoop,import,export,doorvoerhandel en in het algemeen het stellen van alle welkdanige handelingen en verrichtingen welke rechtstreeks of onrechtstreeks,geheel of gedeeltelijk betrekking hebben op de zogenaamde "trading"-activiteiten van alle welkdanige grondstoffen,half-afgewerkte en/of volledig afgewerkte producten,goederen,artikelen,materialen,installaties,toebehoren en/of onderdelen,een en ander in de ruimst mogelijke zin begrepen
  16. Alle welkdanige verrichtingen van tussenpersoon in de handel,alle transportverrichtingen;zij mag optreden als vervoercommissionair,commissionnair-expediteur en vervoermakelaar,de aan-en verkoop,de verhuur van voeren vaartuigen materiaal en gespecialiseerde uitrusting en diensten
  17. De uitbating van een onderneming voor goederenbehandeling,omvattende ondermeer de bevrachting,de groupage en degroupage,de containerdienst,de goederenbehandeling,de "lashing and securing",het laden en lossen,het opslaan zoals stevedoring en cargadoorswerkzaamheden en in depot hebben,het sorteren,de schatting,de arbitrage,het pointeren,het wegen en meten,de bewaking,de controle,de assurantie,de inspectie,het verpakken,opslaan,conditioneren en verzenden van alle goederen,de douane-agentuur en de beurtdienst en alle daarmee verband houdende zaken,in de ruimste zin van het woord,alsmede het uitvoeren en organiseren van allerhande promotie-activiteiten,adviezen studie-opdrachten,in de ruimst mogelijke zin

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
MAXIMUM
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, bij enkel besluit bestuursorgaan oprichten of opheffen in België of buitenland:administratieve…” (deed in Dutch)

deed of 27-07-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Artikel 13. Bevoegdheden van het bestuursorgaan en vertegenwoordiging van de vennootschap a) Bevoegdheden van de bestuurders Als er slechts…”
Board ruleHow the board is made up, meets and takes decisions.
“Één of meer bestuurders, bestuursorgaan” (deed in Dutch)
1 more provision on this in the deed

deed of 27-07-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Op naam, aandelen” (deed in Dutch)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Voor helft overdrager en helft koper(s) naar evenredigheid verworven aantal bij meer kopers, nietigheid” (deed in Dutch)
Share issue ruleHow and by whom new shares can be issued.
“Inbreng in geld met uitgifte van nieuwe aandelen-Recht van voorkeur, e-mail of bij gewone post voor personen zonder e-mailadres” (deed in Dutch)

deed of 27-07-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Friday of May at 20:30

deed of 27-07-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Beslissing algemene vergadering beslissend in vormen vereist voor statutenwijziging” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)

deed of 27-07-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Stortingsplicht, bestuursorgaan zelfstandig” (deed in Dutch)
Other provision: “Op naam, Aard van de andere effecten” (deed in Dutch)
Other provision: “Ondeelbaarheid van de effecten, andersluidende bijzondere bepaling in statuten testament of overeenkomst waarbij vruchtgebruik tot stand…” (deed in Dutch)
Other provision: “Dagelijks bestuur, één of meer leden als gedelegeerd bestuurder of één of meer directeurs” (deed in Dutch)
Other provision: “Drie jaar, één of meerdere commissarissen” (deed in Dutch)
Other provision: “Eenparig en schriftelijk, alle besluiten tot bevoegdheid algemene vergadering” (deed in Dutch)
Other provision: “Door vennootschap ter beschikking gesteld elektronisch communicatiemiddel, deelneming algemene vergadering op afstand langs elektronische…” (deed in Dutch)
Other provision: “Elektronische deelneming algemene vergadering-bureau” (deed in Dutch)
Other provision: “Toegang algemene vergadering, ingeschreven in register effecten op naam per categorie” (deed in Dutch)
Other provision: “Bestuurder, bij gebrek aanwezige aandeelhouder met meeste aandelen, bij pariteit oudste, zittingen-notulen algemene vergadering” (deed in Dutch)
Other provision: “Bestuursorgaan, verdaging algemene vergadering” (deed in Dutch)
Other provision: “Bestemming winst-reserves, algemene vergadering op voorstel bestuursorgaan” (deed in Dutch)
Other provision: “Woonstkeuze, in buitenland wonende effectenhouder, bestuurder, commissaris, vereffenaar” (deed in Dutch)
Other provision: “Gemeen recht” (deed in Dutch)
4 more provisions in the deed, see the deed of 27-07-2023

deed of 27-07-2023