MAXNATH (0476.883.375): financials and annual accounts

MAXNATH

Antwerp ·KBO/BCE: BE 0476.883.375

Line	2025	2024	2023	2022	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	3.4m	3.1m	2.9m	3.0m	2.6m	3.0m	2.7m	2.2m	2.3m	2.4m	2.5m	2.7m	2.1m	2.1m	1.0m	1.0m	719,434	524,390
`21/28`	3.1m	2.7m	2.8m	2.9m	2.4m	2.3m	2.1m	1.6m	1.4m	1.5m	1.6m	1.7m	1.7m	1.7m	679,484	721,390	406,470	359,764
`21`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,750	-
`22/27`	2.1m	1.7m	1.8m	1.9m	1.4m	1.3m	1.1m	612,551	464,856	512,235	603,523	692,053	744,746	731,714	679,484	721,390	402,720	359,764
`22`	1.7m	1.5m	1.5m	1.6m	1.2m	1.2m	918,320	520,308	409,213	432,911	475,159	497,177	535,901	574,624	604,595	640,098	334,320	357,896
`23`	104,457	37,985	59,648	79,914	21,909	12,055	18,099	24,143	15,435	31,193	46,132	67,235	91,894	12,244	9,154	-	450	1,692
`24`	198,642	101,980	157,568	205,252	160,026	108,705	159,683	68,101	39,149	43,621	74,270	115,475	105,877	142,591	62,729	81,292	67,950	176
`26`	59,730	59,860	58,490	58,620	58,880	6,000	4,000	-	1,059	4,511	7,963	11,414	9,571	-	-	-	-	-
`28`	979,800	979,800	979,800	979,800	979,800	982,400	982,400	982,400	982,400	982,400	982,400	982,400	982,400	979,800	-	-	-	-
`29/58`	345,287	424,217	117,967	123,526	195,975	691,232	582,278	561,826	846,134	885,045	912,358	991,866	351,962	351,719	366,315	316,204	312,964	164,626
`40/41`	286,358	19,485	24,626	45,682	45,619	371,531	311,165	256,831	249,334	230,052	111,056	41,117	25,250	34,284	26,782	8,563	82,214	43,624
`40`	14,680	19,485	19,124	27,431	26,783	48,544	61,470	27,915	28,151	21,805	10,070	40,087	20,248	31,102	26,782	8,563	39,477	14,335
`41`	271,678	-	5,501	18,251	18,836	322,988	249,695	228,916	221,184	208,247	100,986	1,030	5,003	3,182	-	-	42,737	29,289
`50/53`	26,782	26,782	46,667	49,782	53,454	56,060	116,114	165,389	165,389	165,389	165,389	165,389	165,389	103,439	54,224	54,224	195,762	94,395
`54/58`	27,803	371,361	43,094	24,873	94,475	261,947	149,765	139,265	428,018	488,052	628,708	782,994	161,322	213,997	285,310	252,128	33,354	25,575
`490/1`	4,345	6,590	3,580	3,188	2,426	1,694	5,234	341	3,392	1,552	7,206	2,366	-	-	-	1,289	1,633	1,033
Balance sheet: equity and liabilities
`10/49`	3.4m	3.1m	2.9m	3.0m	2.6m	3.0m	2.7m	2.2m	2.3m	2.4m	2.5m	2.7m	2.1m	2.1m	1.0m	1.0m	719,434	524,390
`10/15`	1.5m	1.5m	1.2m	999,221	965,811	991,628	1.1m	1.0m	843,238	774,919	779,190	1.8m	1.0m	1.0m	97,683	62,566	57,598	30,818
`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	1.0m	1.0m	1.0m	62,000	62,000	62,000	62,000
`100`	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	1.0m	1.0m	1.0m	62,000	62,000	62,000	62,000
`13`	938,479	996,337	763,853	769,717	925,057	934,882	941,396	908,747	810,418	791,668	791,668	791,668	6,200	6,200	6,200	28	-	-
`130/1`	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	45,473	45,473	45,473	45,473	45,473	45,473	45,473	45,473	6,200	6,200	6,200	28	-	-
`1311`	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	290,425	282,282	49,798	55,662	67,389	77,214	83,728	67,079	18,750	-	-	-	-	-	-	-	-	-
`133`	646,195	712,195	712,195	712,195	812,195	812,195	812,195	796,195	746,195	746,195	746,195	746,195	-	-	-	-	-	-
`14`	560,710	478,118	405,661	210,904	22,153	38,147	104,636	104,548	14,220	-35,349	-31,078	-	-7,106	-115	29,483	537	-4,402	-31,182
`16`	209,894	209,598	89,833	92,852	98,891	103,949	107,494	98,921	83,500	83,500	83,500	83,500	83,500	83,500	87,500	83,500	6,700	-
`160/5`	83,500	83,500	83,500	83,500	83,500	83,500	83,500	83,500	83,500	83,500	83,500	83,500	83,500	83,500	87,500	83,500	6,700	-
`160`	83,500	83,500	83,500	83,500	83,500	83,500	83,500	83,500	-	-	-	-	-	-	-	-	-	-
`168`	126,394	126,098	6,333	9,352	15,391	20,449	23,994	15,421	-	-	-	-	-	-	-	-	-	-
`17/49`	1.7m	1.4m	1.6m	1.9m	1.5m	1.9m	1.5m	1.0m	1.4m	1.5m	1.6m	749,351	954,714	931,848	860,616	891,528	655,136	493,572
`17`	1.3m	1.1m	1.3m	1.5m	1.3m	1.4m	1.0m	252,266	254,066	333,732	425,174	506,750	511,418	560,506	626,784	707,390	363,029	373,895
`170/4`	1.3m	1.1m	1.3m	1.5m	1.3m	1.4m	1.0m	252,266	254,066	333,732	425,174	506,750	511,418	560,506	626,784	707,390	363,029	373,895
`42/48`	416,131	284,605	279,588	428,265	259,442	467,406	479,499	773,694	1.1m	1.2m	1.2m	242,601	441,552	371,342	233,832	180,138	291,835	114,912
`42`	251,546	174,766	206,243	254,379	182,460	153,207	154,462	302,568	74,617	89,782	88,149	92,732	114,764	68,338	72,527	73,622	56,372	42,876
`43`	-	-	-	-	9,176	-	-	-	-	-	-	-	-	-	-	-	-	-
`430/8`	-	-	-	-	9,176	-	-	-	-	-	-	-	-	-	-	-	-	-
`44`	76,164	40,470	-	10,080	14,990	145,961	284,664	14,960	52,448	28,323	10,055	5,441	11,652	157,599	27,029	7,297	34,745	754
`440/4`	76,164	40,470	-	10,080	14,990	145,961	284,664	14,960	52,448	28,323	10,055	5,441	11,652	157,599	27,029	7,297	34,745	754
`46`	-	-	-	-	-	25,981	-	340	340	340	340	3,530	-	-	-	-	-	-
`45`	38,421	35,652	4,905	6,268	9,888	9,960	9,486	19,075	16,990	14,676	3,668	2,246	2,107	1,468	10,861	9,986	11,107	-
`450/3`	21,923	21,500	-	-	4,000	4,000	4,002	17,807	14,291	11,312	-	-	-	-	9,390	9,086	11,107	-
`454/9`	16,498	14,152	4,905	6,268	5,888	5,960	5,484	1,268	2,698	3,364	3,668	2,246	2,107	1,468	1,471	900	-	-
`47/48`	50,000	33,716	68,440	157,537	42,929	132,298	30,886	436,751	967,511	1.1m	1.1m	138,653	313,029	143,937	123,414	89,232	189,612	71,283
`492/3`	-	-	-	12,750	14,091	-	680	-	680	-	3,128	-	1,744	-	-	4,000	272	4,765
Income statement
`76A`	12,778	-	-	91,698	113,338	-	40,438	74,209	32,671	-	-	4,000	9,700	-	-	1,000	13,946	-
`9900`	626,685	447,746	318,220	309,154	189,801	161,764	210,344	400,149	215,811	165,932	116,744	133,932	150,314	126,526	180,598	221,866	118,342	110,564
`62`	88,392	76,383	58,417	44,339	42,440	35,672	32,098	32,831	27,489	24,588	19,610	15,243	14,855	12,540	11,824	7,034	-	-
`630`	300,779	196,737	157,994	140,208	134,091	169,752	137,332	94,407	95,405	116,638	116,137	120,232	109,302	97,280	67,784	72,445	63,579	39,869
`631/4`	-	-	-	-	-	-	1,630	-	-	-	-	-	-	-	-	-	-	-
`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,000	4,000	76,800	6,700	-
`640/8`	5,675	3,692	12,727	5,788	6,588	8,432	9,128	18,025	7,420	10,437	9,514	9,557	6,728	12,321	6,045	8,151	10,291	4,422
`66A`	-	-	-	-	-	24	9,241	-	-	-	-	-	1,156	-	-	34,300	-	-
`9901`	231,840	170,933	89,081	118,819	6,682	-52,116	20,915	254,886	85,496	14,269	-28,517	-11,099	19,429	8,385	90,945	57,435	37,771	66,274
`75/76B`	2,494	5,549	130,537	3	5,575	3,819	47,252	3,044	6,625	5,698	20,970	836,887	3,852	4,215	3,287	13,271	8,573	1,928
`75`	2,494	5,549	130,537	3	5,575	3,819	47,252	3,044	6,625	5,698	20,970	836,887	3,852	4,215	3,287	13,271	8,573	1,928
`65/66B`	38,675	35,940	33,745	28,942	42,967	27,043	24,173	11,566	17,430	17,304	22,964	25,641	29,719	29,480	37,932	22,636	25,560	25,922
`65`	38,675	35,940	33,745	28,942	42,967	27,043	24,173	11,566	17,430	17,304	22,964	25,641	29,719	29,480	37,932	22,636	25,560	25,922
`9903`	195,659	140,543	185,874	89,880	-30,710	-75,340	43,994	246,364	107,362	2,663	-30,511	804,147	2,106	-16,879	56,300	14,771	34,731	42,279
`780`	7,080	6,856	3,019	3,019	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`680`	7,375	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	54,629	38,254	-	-	167	1,207	2,685	22,286	19,043	6,935	568	11,573	9,098	12,719	21,182	9,803	7,951	-
`9904`	140,735	109,145	188,893	92,899	-25,818	-73,129	32,736	208,657	88,319	-4,271	-31,078	792,574	-6,992	-29,598	35,118	4,968	26,780	42,279
`789`	13,983	13,312	5,864	5,864	9,824	6,640	6,640	-	-	-	-	-	-	-	-	-	-	-
`689`	22,125	-	-	-	-	-	23,288	48,329	18,750	-	-	-	-	-	-	-	-	-
`9905`	132,592	122,457	194,757	98,763	-15,993	-66,489	16,087	160,328	69,569	-4,271	-31,078	792,574	-6,992	-29,598	35,118	4,968	26,780	42,279
Appropriation of the result
`9906`	610,710	528,118	405,661	210,904	22,153	38,147	120,636	174,548	34,220	-35,349	-31,078	785,468	-7,106	-115	35,655	566	-4,402	-31,182
`14P`	478,118	405,661	210,904	112,141	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	66,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	-	16,000	50,000	-	-	-	785,468	-	-	6,172	28	-	-
`6920`	-	-	-	-	-	-	-	-	-	-	-	39,273	-	-	6,172	28	-	-
`6921`	-	-	-	-	-	-	16,000	50,000	-	-	-	746,195	-	-	-	-	-	-
`694/7`	116,000	50,000	-	-	-	-	-	20,000	20,000	-	-	-	-	-	-	-	-	-
`694`	66,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`695`	50,000	50,000	-	-	-	-	-	20,000	20,000	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	2.3	2.7	2	2	1.2	0.8	0.9	0.9	0.6	0.6	0.5	0.3	0.3	0.3	0.3	0.3	-	-
Hours worked`1013`	3,755	3,346	2,080	2,080	1,753	1,385	1,347	1,507	1,183	989	833	448	503	455	512	364	-	-
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Financial year	Type	Filed	Reference	Document
31-03-2025	micro format	24-11-2025	2025-00570427	PDF
31-03-2024	micro format	30-11-2024	2024-00611844	PDF
31-03-2023	micro format	12-02-2024	2024-00029147	PDF
31-03-2022	micro format	02-11-2022	2022-20480891	PDF
31-03-2020	abbreviated format	30-11-2020	2020-73000052	PDF
31-03-2019	abbreviated format	27-11-2019	2019-74400431	PDF
31-03-2018	abbreviated format	09-04-2019	2019-09700159	PDF
31-03-2017	micro format	30-11-2017	2017-71000516	PDF
31-03-2016	abbreviated format	26-10-2016	2016-66300354	PDF
31-03-2015	abbreviated format	30-09-2015	2015-62300229	PDF
31-03-2014	abbreviated format	30-10-2014	2014-66100199	PDF
31-03-2013	abbreviated format	18-11-2013	2013-66200186	PDF
31-03-2012	abbreviated format	19-10-2012	2012-61400482	PDF
31-03-2011	abbreviated format	14-11-2011	2011-60900175	PDF
31-03-2010	abbreviated format	29-10-2010	2010-60000567	PDF
31-03-2009	abbreviated format	18-09-2009	2009-76200105	PDF
31-03-2008	abbreviated format	27-11-2008	2008-83000380	PDF
31-03-2007	abbreviated format	24-10-2007	2007-78000318	PDF
31-03-2006	abbreviated format	20-09-2006	2006-79102550	PDF
31-03-2005	abbreviated format	29-09-2005	2005-76101373	PDF
31-03-2004	abbreviated format	17-09-2004	2004-65105223	PDF
31-03-2003	abbreviated format	19-09-2003	2003-67800608	PDF

2025	2024	2023	2022	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
532,619	367,671	247,076	259,028	140,774	117,635	158,247	349,293	180,901	130,907	87,620	109,133	128,732	105,665	158,729	129,881	101,351	106,142
441,513	305,882	346,888	233,108	108,274	96,623	170,068	303,064	183,724	112,367	85,059	912,806	102,311	67,682	102,902	77,413	90,359	82,148
668,765	695,336	27,464	182,948	192,902	379,827	496,523	260,317	48,026	25,350	27,608	67,539	139,534	1.1m	25,878	387,365	113,702	4,400
-343,558	328,267	18,221	-	-167,471	112,182	10,500	-288,753	-60,034	-140,656	-154,286	621,672	-52,674	-71,314	33,182	218,774	7,780	-
-70,844	139,612	-161,621	-304,739	-63,468	223,826	102,779	-211,869	-265,773	-302,484	-294,932	749,265	-89,590	-19,623	132,484	136,066	21,129	49,714
44.3%	47.6%	41.3%	33.0%	37.1%	33.2%	40.0%	47.8%	36.8%	32.6%	31.2%	68.8%	50.1%	50.8%	9.3%	6.0%	8.0%	5.9%
0.83	1.49	0.42	0.29	0.76	1.48	1.21	0.73	0.76	0.75	0.76	4.09	0.80	0.95	1.57	1.76	1.07	1.43
1.12	0.96	1.35	1.94	1.60	1.90	1.40	0.99	1.62	1.96	2.10	0.41	0.92	0.89	8.81	14.25	11.37	16.02
9.3%	7.3%	15.9%	9.3%	-2.7%	-7.4%	3.1%	20.2%	10.5%	-0.6%	-4.0%	43.2%	-0.7%	-2.8%	36.0%	7.9%	46.5%	137.2%
4.1%	3.5%	6.6%	3.1%	-1.0%	-2.5%	1.2%	9.7%	3.9%	-0.2%	-1.2%	29.7%	-0.3%	-1.4%	3.4%	0.5%	3.7%	8.1%
13.77	10.23	7.32	8.95	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Employees at the balance-sheet date	3	3	2	2
full-time	1	1	-	-
part-time	2	2	2	2
in full-time equivalents	2.3	2.3	1.3	1.2
	2.3	2.1	1.3	1.2
On a permanent contract	3	3	2	2
Joined	-	1	-	-
Left	-	1	-	-

Item	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Mortgages, amount registered	-	-	-	€25,000
Carrying value of the mortgaged assets	-	-	-	€1.4m

MAXNATH

Annual accounts 2025

Balance sheet

in €m

in euro

Position in the sector

44.3%

0.83

4.1%

Staff

€38,431

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on MAXNATH

Next steps

Item	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Tangible fixed assets	€668,765	€695,336	€27,464	€182,948
	€300,779	€196,737	€157,994	€140,208

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency44.3%

Current ratio0.83

Return on assets4.1%

Staff

Staff cost per FTE€38,431

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on MAXNATH

Next steps

in €m

in euro

44.3%

0.83

4.1%

€38,431