MAXO
ActiveSummary
The computed 12-month bankruptcy probability of MAXO is 2.0% (moderate). The 2025 annual accounts show equity of €46k and a net result of €12k. Equity is growing by ~49.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 7500 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+5
Solvency80▼-1
Growth78=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 1.91 in 2024; short-term debt: 45.4% and cash: 41.9% of total assets), and 45.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
54.6%
Return on assets
14.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-03-2026, 56 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
56 d early
2024
27 d early
2023
33 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€571k
EBIT margin
4.7%
Net result
€12k▼ 40.2%
2024 · €21k
2023: €8klowest in 3 years
2024: €21k▲ +177% vs 2023highest in 3 years
2025: €12k▼ -40.2% vs 2024
2023 → 2025
Working capital
€41k▲ 75.3%
2024 · €23k
2023: €-526lowest in 3 years
2024: €23k▲ +4534% vs 2023
2025: €41k▲ +75.3% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€571k
Equity€13k-€33k▲ 166%€46k▲ 37.4%
2023: €13klowest in 3 years
2024: €33k▲ +166% vs 2023
2025: €46k▲ +37.4% vs 2024highest in 3 years
Operating result€9k-€27k▲ 184%€20k▼ 26.7%
2023: €9klowest in 3 years
2024: €27k▲ +184% vs 2023highest in 3 years
2025: €20k▼ -26.7% vs 2024
Net result€8k-€21k▲ 177%€12k▼ 40.2%
2023: €8klowest in 3 years
2024: €21k▲ +177% vs 2023highest in 3 years
2025: €12k▼ -40.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84k
Fixed assets
€5k ▼ 51.0%
Current assets
€79k ▲ 61.0%
Equity and liabilities €84k
Equity
€46k ▲ 37.4%
Debt
€38k ▲ 47.9%
Debt's share of the balance-sheet total rises from 43.6% to 45.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23k▼
2024 · €37k
Cash flow
€16k▼
2024 · €31k
Current ratio
2.07▲
2024 · 1.91
Debt to equity
0.83▲
2024 · 0.77
ROE
27.2%▼
2024 · 62.5%
ROA
14.9%▼
2024 · 35.3%
Interest coverage
7.48▼
2024 · 50.64
Debt ≤ 1 year
€38k▲
2024 · €26k
Income taxes
€4k▼
2024 · €5k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€59k€84k▲
Fixed assets21/28€10k€5k▼
Tangible fixed assets22/27€10k€5k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€5k€2k▼
Financial fixed assets28€300€300=
Current assets29/58€49k€79k▲
Amounts receivable within one year40/41€39k€42k▲
Trade receivables40€31k€31k=
Other amounts receivable41€8k€11k▲
Cash at bank and in hand54/58€10k€35k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€59k€84k▲
Equity10/15€33k€46k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€28k€41k▲
Amounts payable17/49€26k€38k▲
Amounts payable within one year42/48€26k€38k▲
Trade debts44€11k€6k▼
Suppliers440/4€11k€6k▼
Taxes, remuneration and social security45€15k€32k▲
Taxes450/3€5k€15k▲
Remuneration and social security454/9€10k€18k▲
Other amounts payable47/48€342-
Income statement
Code20242025
Turnover70€571k-
Goods, raw materials, services and sundry goods60/61€534k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€4k▼
Other operating charges640/8-€2k
Gross operating margin9900€37k€25k▼
Operating profit (loss)9901€27k€20k▼
Financial income75/76B€9€410▲
Recurring financial income75€9€410▲
Financial charges65/66B€723€3k▲
Recurring financial charges65€723€3k▲
Profit (loss) for the period before taxes9903€26k€17k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€21k€12k▼
Profit (loss) for the period to be appropriated9905€21k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€41k▲
Profit (loss) brought forward from the previous period14P€8k€28k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | - | €571k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €534k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €10k | €4k | ▼ 63.8% |
| Other operating charges640/8 | - | - | €2k | - |
| Gross operating margin9900 | €23k | €37k | €25k | ▼ 31.0% |
| Operating profit (loss)9901 | €9k | €27k | €20k | ▼ 26.7% |
| Financial income75/76B | €1 | €9 | €410 | ▲ 4,396% |
| Recurring financial income75 | €1 | €9 | €410 | ▲ 4,396% |
| Financial charges65/66B | €26 | €723 | €3k | ▲ 329% |
| Recurring financial charges65 | €26 | €723 | €3k | ▲ 329% |
| Profit (loss) for the period before taxes9903 | €9k | €26k | €17k | ▼ 35.0% |
| Income taxes67/77 | €2k | €5k | €4k | ▼ 14.5% |
| Profit (loss) for the period9904 | €8k | €21k | €12k | ▼ 40.2% |
| Profit (loss) for the period to be appropriated9905 | €8k | €21k | €12k | ▼ 40.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €23k | €59k | €84k | ▲ 42.0% |
| Fixed assets21/28 | €13k | €10k | €5k | ▼ 51.0% |
| Tangible fixed assets22/27 | €13k | €10k | €5k | ▼ 52.6% |
| Plant, machinery and equipment23 | - | €5k | €3k | ▼ 39.8% |
| Furniture and vehicles24 | €13k | €5k | €2k | ▼ 63.7% |
| Financial fixed assets28 | - | €300 | €300 | = |
| Current assets29/58 | €10k | €49k | €79k | ▲ 61.0% |
| Amounts receivable within one year40/41 | €5k | €39k | €42k | ▲ 9.2% |
| Trade receivables40 | €3k | €31k | €31k | = |
| Other amounts receivable41 | €2k | €8k | €11k | ▲ 45.3% |
| Cash at bank and in hand54/58 | €4k | €10k | €35k | ▲ 247% |
| Deferred charges and accrued income490/1 | €444 | - | €1k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €23k | €59k | €84k | ▲ 42.0% |
| Equity10/15 | €13k | €33k | €46k | ▲ 37.4% |
| Contributions10/11 | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €8k | €28k | €41k | ▲ 44.0% |
| Amounts payable17/49 | €10k | €26k | €38k | ▲ 47.9% |
| Amounts payable within one year42/48 | €10k | €26k | €38k | ▲ 47.9% |
| Trade debts44 | €2k | €11k | €6k | ▼ 47.7% |
| Suppliers440/4 | €2k | €11k | €6k | ▼ 47.7% |
| Taxes, remuneration and social security45 | €8k | €15k | €32k | ▲ 120% |
| Taxes450/3 | €2k | €5k | €15k | ▲ 181% |
| Remuneration and social security454/9 | €7k | €10k | €18k | ▲ 86.8% |
| Other amounts payable47/48 | - | €342 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €21k | €12k | ▼ 40.2% |
| + Depreciation and write-downs630 | €13k | €10k | €4k | ▼ 63.8% |
| Operating cash flow (approximation) | €21k | €31k | €16k | ▼ 47.8% |
| Investment in fixed assets (approximation) | - | €-7k | €2k | ▲ 123% |
| Change in cash | - | €6k | €25k | ▲ 287% |
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
05-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2023net €21k ▲177%
Operating result €27k, net result €21k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 1.91
Current ratio from 0.95 to 1.91.
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ninove · 1 establishment unit since 2022
Ground area
1,184 m²
Building footprint
305 m²
Volume, LiDAR
3,081 m³
2 parcels, Flanders · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MAXO
since 20222.330.063.526
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B1239/00F005 | Flanders | 820 m² | 1 · 129 m² | 14.1 m · 4 fl. |
| 23016D0181/00H003 | Flanders | 364 m² | 1 · 175 m² | 12.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 13,002 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
Founded24-03-2022
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
43240Other construction installation
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.