MAXIMUM MEDIA DIFFUSION
ActiveSummary
MAXIMUM MEDIA DIFFUSION has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€83,693) and a net result of €81,552. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 12,678 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
- Staff
- 2.1 FTE
- Equity
- -€83,693
- Profit
- €81,552
- Parent
- SOLUTION MEDIAS · 100%
Why 57raises riskCapped at 59: negative equityNegative equity -€83,693Size: turnover €462,802, 2.1 FTE, total assets €169,997lowers riskLiquidity: current ratio 2.12, cash €62,607Founded in 2006Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 6% on solvency, 82% on liquidity, 96% on profitability and 81% on growth.
The bankruptcy probability was computed on 26-10-2026 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).
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Signals
This company filed its last 7 accounts on average 28 days before 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)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Back to profitnet €81,552
- Liquidity more than 7 timescurrent ratio 2.12
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €87,922 after a loss of €5,373 in 2024, the highest 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
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).
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 91.4% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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%.
| 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 3,795 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €303,495 | €320,433 | €384,900 | €462,802 | ▲ 20.2% |
| Non-recurring operating income76A | - | - | - | - | - | - | - | €22,399 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €322,818 | €315,187 | €274,248 | €287,789 | ▲ 4.9% |
| Remuneration, social security and pensions62 | - | - | - | €78,707 | €94,214 | €121,204 | €111,349 | €106,745 | ▼ 4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,052 | €5,162 | €12,186 | €6,717 | €6,710 | €5,151 | €5,754 | €6,450 | ▲ 12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €2,483 | -€2,483 | - |
| Other operating charges640/8 | - | - | - | €830 | €348 | €1,341 | €7,705 | €3,329 | ▼ 56.8% |
| Gross operating margin9900 | €92,045 | €88,628 | €125,890 | €87,802 | -€18,829 | €12,451 | €121,918 | €201,962 | ▲ 65.7% |
| Operating profit (loss)9901 | €7,512 | €5,063 | €40,398 | €1,548 | -€120,101 | -€115,245 | -€5,373 | €87,922 | - |
| Financial income75/76B | - | - | - | €69 | - | €1 | - | - | - |
| Recurring financial income75 | - | - | - | €69 | - | €1 | - | - | - |
| Financial charges65/66B | - | - | - | €94 | €39 | €4,373 | €9,203 | €6,371 | ▼ 30.8% |
| Recurring financial charges65 | €87 | €77 | €577 | €94 | €39 | €4,373 | €9,203 | €6,371 | ▼ 30.8% |
| Profit (loss) for the period before taxes9903 | €7,425 | €4,986 | €39,822 | €1,524 | -€120,140 | -€119,617 | -€14,575 | €81,552 | - |
| Profit (loss) for the period9904 | €7,425 | €4,986 | €39,822 | €1,524 | -€120,140 | -€119,617 | -€14,575 | €81,552 | - |
| Profit (loss) for the period to be appropriated9905 | €7,425 | €4,986 | €39,822 | €1,524 | -€120,140 | -€119,617 | -€14,575 | €81,552 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €104,856 | €113,596 | €214,560 | €197,732 | €116,543 | €122,851 | €108,660 | €169,997 | ▲ 56.4% |
| Fixed assets21/28 | €21,380 | €16,218 | €45,904 | €40,165 | €34,556 | €31,149 | €31,858 | €26,763 | ▼ 16.0% |
| Tangible fixed assets22/27 | €20,596 | €15,435 | €45,481 | €38,763 | €33,154 | €29,747 | €30,456 | €25,361 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | - | - | €35,732 | €30,937 | €28,346 | €29,871 | €24,586 | ▼ 17.7% |
| Furniture and vehicles24 | - | - | - | €3,032 | €2,217 | €1,401 | €586 | €776 | ▲ 32.4% |
| Financial fixed assets28 | €783 | €783 | €423 | €1,402 | €1,402 | €1,402 | €1,402 | €1,402 | = |
| Current assets29/58 | €83,477 | €97,378 | €168,656 | €157,567 | €81,987 | €91,703 | €76,802 | €143,234 | ▲ 86.5% |
| Amounts receivable within one year40/41 | €70,269 | €91,067 | €140,736 | €109,920 | €56,159 | €64,414 | €73,440 | €80,627 | ▲ 9.8% |
| Trade receivables40 | - | - | - | €109,920 | €56,159 | €64,414 | €73,440 | €80,627 | ▲ 9.8% |
| Cash at bank and in hand54/58 | €11,974 | €5,709 | €27,300 | €47,271 | €25,133 | €27,289 | €3,362 | €62,607 | ▲ 19× |
| Deferred charges and accrued income490/1 | - | - | - | €375 | €695 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €104,856 | €113,596 | €214,560 | €197,732 | €116,543 | €122,851 | €108,660 | €169,997 | ▲ 56.4% |
| Equity10/15 | €42,756 | €47,743 | €87,564 | €89,088 | -€31,052 | -€150,669 | -€165,245 | -€83,693 | ▲ 49.4% |
| Contributions10/11 | €120,000 | €120,000 | - | €120,000 | €120,000 | €120,000 | €120,000 | €120,000 | = |
| Profit (loss) carried forward14 | -€77,244 | -€72,257 | -€32,436 | -€30,912 | -€151,052 | -€270,669 | -€285,245 | -€203,693 | ▲ 28.6% |
| Amounts payable17/49 | €62,100 | €65,853 | €126,996 | €108,644 | €147,595 | €273,521 | €273,905 | €253,690 | ▼ 7.4% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | - | €186,206 | - |
| Financial debts170/4 | - | - | - | - | - | - | - | €186,206 | - |
| Amounts payable within one year42/48 | €62,100 | €65,853 | €126,996 | €108,644 | €147,595 | €272,823 | €273,905 | €67,483 | ▼ 75.4% |
| Trade debts44 | €37,320 | €46,225 | €98,569 | €81,760 | €76,454 | €53,269 | €52,031 | €36,865 | ▼ 29.1% |
| Suppliers440/4 | - | - | - | €81,760 | €76,454 | €53,269 | €52,031 | €36,865 | ▼ 29.1% |
| Taxes, remuneration and social security45 | - | - | - | €26,884 | €11,142 | €15,340 | €23,610 | €30,618 | ▲ 29.7% |
| Taxes450/3 | - | - | - | €15,006 | €1,785 | €6,125 | €9,155 | €16,101 | ▲ 75.9% |
| Remuneration and social security454/9 | - | - | - | €11,878 | €9,356 | €9,215 | €14,455 | €14,516 | ▲ 0.4% |
| Other amounts payable47/48 | - | - | - | - | €60,000 | €204,213 | €198,264 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €698 | - | €1 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,425 | €4,986 | €39,822 | €1,524 | -€120,140 | -€119,617 | -€14,575 | €81,552 | - |
| + Depreciation and write-downs630 | €6,052 | €5,162 | €12,186 | €6,717 | €6,710 | €5,151 | €5,754 | €6,450 | ▲ 12.1% |
| Operating cash flow (approximation) | €13,476 | €10,148 | €52,008 | €8,241 | -€113,431 | -€114,466 | -€8,822 | €88,001 | - |
| Investment in fixed assets (approximation) | - | €0 | -€41,873 | -€979 | -€1,100 | -€1,744 | -€6,463 | -€1,354 | ▲ 79.0% |
| Change in cash | - | -€6,265 | €21,591 | €19,971 | -€22,138 | €2,156 | -€23,927 | €59,245 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-06-2026 | 2026-00224713 |
| 31-12-2024 | full format | 13-06-2025 | 2025-00158955 |
| 31-12-2023 | full format | 28-05-2024 | 2024-00103976 |
| 31-12-2022 | full format | 08-09-2023 | 2023-00446884 |
| 31-12-2021 | micro format | 27-07-2022 | 2022-20233899 |
| 31-12-2020 | micro format | 22-06-2021 | 2021-23700134 |
| 31-12-2019 | micro format | 25-06-2020 | 2020-21200420 |
| 31-12-2018 | micro format | 10-07-2019 | 2019-32000126 |
| 31-12-2017 | full format | 26-06-2018 | 2018-23500411 |
| 31-12-2016 | full format | 24-08-2017 | 2017-47700377 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
1 ownerChain of control
- ROSSEL INVEST SRL
- ROSSEL & Cie
- GROUPE SUDMEDIA
- SOLUTION MEDIAS
- MAXIMUM MEDIA DIFFUSION
Highest known parent: ROSSEL INVEST SRL. The sources do not say who stands above it.
Owners 1
- SOLUTION MEDIASparent100%
Sources: the companies' annual accounts, 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.
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
03-01
Gazette deed
Amendment of the articles · Legal-form changeBoard composition · Power of attorney · Legal-form conversion10 facts ▸
- Board composition, MARCHANT Bernard (director)
- Board composition, MALRAIN Eric (director)
- Board composition, LEERSCHOOL Pierre (director)
- Power of attorney
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres apports non appelés” (deed in French)
- Other provision, “compte créé en application article 39 §2 deuxième alinéa loi du 23-03-2019 introduisant CSA, suppression compte capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Capital
About the unread acts
Of the 9 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Register details
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
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62813F0092/00F000 | Wallonia | 373 m² | 1 · 274 m² | 20.8 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La création, le développement et l'exploitation commerciale dans le sens le plus large du terme de stations de radiodiffusion…” (deed in French)
4 activities (deed in French)
- La création, le développement et l'exploitation commerciale dans le sens le plus large du terme de stations de radiodiffusion ;
- L'organisation et la commercialisation de spectacles et d’événements ;
- La commercialisation de produits dérivés tels que textiles imprimés, gadgets ou autres à l'image de ses radios ;
- Toutes activités commerciales lui permettant d'atteindre l'objectif de son objet.
- 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 MEDIA DIFFUSION
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, transfert en tout endroit Région de Bruxelles-Capitale ou région de langue française de Belgique par simple décision organe…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, actions” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission actions nouvelles, courrier électronique, ou courrier ordinaire même jour si pas d’adresse électronique” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale, formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, le ou les administrateurs en fonction” (deed in French)