Maxomotive
ActiveSummary
The annual accounts of Maxomotive for fiscal year 2024 show a net loss of 186% of the equity at the start of that year. The 2024 annual accounts show equity of €8.9m and a net result of -€10.9m. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability5▼-6
Solvency35▲+3
Growth68=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €340,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.09 against 1.05 in 2023; short-term debt: 85.4% and cash: 0% of total assets), and 89.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
41 d early
2023
44 d early
2022
34 d early
2021
45 d early
2020
50 d early
2019
35 d early
← 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 41 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2024, full schema
Turnover
€170.4m▼ 41.5%
2023 · €291.3m
EBIT margin
-3.0%▼ 2.7pp
2023 · -0.3%
Net result
-€10.9m▼ 31.9%
2023 · -€8.3m
Working capital
€6.5m▲ 57.4%
2023 · €4.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€35.3m€77.2m▲ 119%€291.3m▲ 277%€170.4m▼ 41.5%
Operating result-€926,910▼ 261%-€2.6m▼ 176%€265,874-€731,069-€5.1m▼ 595%
Net result-€3.6mbelow the sector's middle half▼ 1,194%-€4.1mbelow the sector's middle half▼ 12.8%-€2.3mbelow the sector's middle half▲ 42.4%-€8.3mbelow the sector's middle half▼ 255%-€10.9mbelow the sector's middle half▼ 31.9%
EBIT margin-7.2%0.3%▲ 7.6pp-0.3%▼ 0.6pp-3.0%▼ 2.7pp
Equity-€3.7mbelow the sector's middle half▼ 2,399%€4.5mabove the sector's middle half€2.2mwithin the sector's middle half▼ 51.9%€5.9mabove the sector's middle half▲ 172%€8.9mabove the sector's middle half▲ 52.3%
Total assets€18.4mabove the sector's middle half▲ 193%€22.5mabove the sector's middle half▲ 22.2%€88.4mabove the sector's middle half▲ 292%€89.4mabove the sector's middle half▲ 1.2%€85.3mabove the sector's middle half▼ 4.6%
Debt€22.1m▲ 244%€17.9m▼ 19.0%€85.8m▲ 379%€82.7m▼ 3.6%€75.2m▼ 9.1%
Working capital-€1.2mbelow the sector's middle half▲ 8.4%-€3.7mbelow the sector's middle half▼ 219%-€1.7mbelow the sector's middle half▲ 53.6%€4.1mabove the sector's middle half€6.5mabove the sector's middle half▲ 57.4%
Solvency-20.3%below the sector's middle half▼ 17.9pp20.0%within the sector's middle half▲ 40.3pp2.4%below the sector's middle half▼ 17.5pp6.6%below the sector's middle half▲ 4.1pp10.5%below the sector's middle half▲ 3.9pp
Current ratio0.93below the sector's middle half▲ 0.130.79below the sector's middle half▼ 0.140.98below the sector's middle half▲ 0.191.05below the sector's middle half▲ 0.071.09below the sector's middle half▲ 0.04
Return on assets (ROA)-19.5%below the sector's middle half▼ 15.1pp-18.0%below the sector's middle half▲ 1.5pp-2.6%below the sector's middle half▲ 15.4pp-9.3%below the sector's middle half▼ 6.6pp-12.8%below the sector's middle half▼ 3.5pp
Staff (FTE)4within the sector's middle half7.3within the sector's middle half▲ 82.5%7.6within the sector's middle half▲ 4.1%4.8within the sector's middle half▼ 36.8%3.7within the sector's middle half▼ 22.9%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5.1m in 2024 against €731,069 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €85.3m
Fixed assets
€6.0m ▼ 13.0%
Current assets
€79.3m ▼ 3.9%
Equity and liabilities €85.3m
Equity
€8.9m ▲ 52.3%
Provisions
€1.1m ▲ 46.4%
Debt
€75.2m ▼ 9.1%
Debt's share of the balance-sheet total falls from 92.6% to 88.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€5.1m▼
2023 · -€724,361
Cash flow
-€10.9m▼
2023 · -€8.3m
Quick ratio
0.15▼
2023 · 0.27
Debt to equity
8.41▼
2023 · 14.08
ROE
-122.2%▲
2023 · -141.1%
Interest coverage
-1.34▼
2023 · -0.19
Debt ≤ 1 year
€72.8m▼
2023 · €78.4m
Income taxes
€793▼
2023 · €964
Staff costs
€556,710▼
2023 · €777,411
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.8%
went bankrupt
7.4%
stopped otherwise
89%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.0% |
| 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% 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 1,221 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €38.6m | €80.6m | €299.5m | €178.4m | ▼ 40.4% |
| Turnover70 | - | €35.3m | €77.2m | €291.3m | €170.4m | ▼ 41.5% |
| Other operating income74 | - | €2.8m | €2.5m | €7.7m | €6.5m | ▼ 15.1% |
| Non-recurring operating income76A | - | €426,980 | €874,745 | €462,839 | €1.5m | ▲ 213% |
| Operating charges60/66A | - | €41.2m | €80.3m | €300.2m | €183.5m | ▼ 38.9% |
| Goods for resale, raw materials and consumables60 | - | €35.7m | €72.6m | €283.1m | €162.5m | ▼ 42.6% |
| Purchases600/8 | - | €30.4m | €129.3m | €276.3m | €180.7m | ▼ 34.6% |
| Change in stocks: decrease (increase)609 | - | €5.3m | -€56.7m | €6.8m | -€18.3m | ▼ 370% |
| Services and other goods61 | - | €4.1m | €5.6m | €12.6m | €15.1m | ▲ 19.6% |
| Remuneration, social security and pensions62 | - | €848,689 | €1.2m | €777,411 | €556,710 | ▼ 28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,172 | €6,251 | €7,984 | €6,708 | €13,545 | ▲ 102% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €517,351 | €665,500 | €3.1m | €4.5m | ▲ 42.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €42,386 | €278,150 | €409,608 | €362,236 | ▼ 11.6% |
| Other operating charges640/8 | - | €26,490 | €11,867 | €152,762 | €464,116 | ▲ 204% |
| Gross operating margin9900 | -€195,146 | - | - | - | - | - |
| Operating profit (loss)9901 | -€926,910 | -€2.6m | €265,874 | -€731,069 | -€5.1m | ▼ 595% |
| Financial income75/76B | - | €70,771 | €132,317 | €2.5m | €5.5m | ▲ 122% |
| Recurring financial income75 | - | €70,771 | €3,443 | €8,474 | €13 | ▼ 99.8% |
| Income from financial fixed assets750 | - | - | €20 | €75 | - | - |
| Other financial income752/9 | - | €70,771 | €3,423 | €8,399 | €13 | ▼ 99.8% |
| Non-recurring financial income76B | - | - | €128,874 | €2.5m | €5.5m | ▲ 123% |
| Financial charges65/66B | - | €1.6m | €2.7m | €10.0m | €11.3m | ▲ 12.9% |
| Recurring financial charges65 | €280,832 | €472,466 | €1.2m | €4.5m | €4.1m | ▼ 8.3% |
| Debt charges650 | - | €288,932 | €676,741 | €3.9m | €3.8m | ▼ 2.5% |
| Other financial charges652/9 | - | €183,533 | €537,926 | €640,469 | €363,104 | ▼ 43.3% |
| Non-recurring financial charges66B | - | €1.1m | €1.5m | €5.5m | €7.2m | ▲ 30.4% |
| Profit (loss) for the period before taxes9903 | -€3.6m | -€4.1m | -€2.3m | -€8.3m | -€10.9m | ▼ 31.9% |
| Income taxes67/77 | - | €2,294 | €1,328 | €964 | €793 | ▼ 17.8% |
| Taxes670/3 | - | €2,294 | €1,328 | €964 | €793 | ▼ 17.8% |
| Profit (loss) for the period9904 | -€3.6m | -€4.1m | -€2.3m | -€8.3m | -€10.9m | ▼ 31.9% |
| Profit (loss) for the period to be appropriated9905 | -€3.6m | -€4.1m | -€2.3m | -€8.3m | -€10.9m | ▼ 31.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18.4m | €22.5m | €88.4m | €89.4m | €85.3m | ▼ 4.6% |
| Fixed assets21/28 | €2.2m | €8.6m | €7.2m | €6.9m | €6.0m | ▼ 13.0% |
| Intangible fixed assets21 | €5,451 | €4,283 | €3,115 | €36,780 | €28,645 | ▼ 22.1% |
| Tangible fixed assets22/27 | €13,347 | €45,163 | €19,764 | €12,819 | €7,409 | ▼ 42.2% |
| Plant, machinery and equipment23 | - | €45,163 | €19,764 | €12,819 | €7,409 | ▼ 42.2% |
| Financial fixed assets28 | €2.2m | €8.6m | €7.2m | €6.8m | €6.0m | ▼ 12.9% |
| Affiliated companies280/1 | - | €8.6m | €7.2m | €6.8m | €6.0m | ▼ 12.9% |
| Participating interests280 | - | €8.6m | €7.2m | €6.8m | €6.0m | ▼ 12.9% |
| Current assets29/58 | €16.3m | €13.9m | €81.2m | €82.5m | €79.3m | ▼ 3.9% |
| Stocks and contracts in progress3 | €14.1m | €8.3m | €75.1m | €61.3m | €68.2m | ▲ 11.3% |
| Stocks30/36 | - | €8.3m | €75.1m | €61.3m | €68.2m | ▲ 11.3% |
| Goods purchased for resale34 | - | €8.3m | €64.3m | €54.4m | €68.2m | ▲ 25.5% |
| Advance payments36 | - | - | €10.8m | €6.9m | €5,073 | ▼ 99.9% |
| Amounts receivable within one year40/41 | €2.1m | €4.6m | €5.4m | €21.1m | €10.7m | ▼ 49.4% |
| Trade receivables40 | - | €4.6m | €5.4m | €21.1m | €10.7m | ▼ 49.4% |
| Other amounts receivable41 | - | - | - | €11,706 | €8,604 | ▼ 26.5% |
| Cash at bank and in hand54/58 | €63,642 | €838,680 | €575,440 | €64 | €96 | ▲ 50.0% |
| Deferred charges and accrued income490/1 | - | €178,393 | €100,891 | €69,719 | €355,796 | ▲ 410% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18.4m | €22.5m | €88.4m | €89.4m | €85.3m | ▼ 4.6% |
| Equity10/15 | -€3.7m | €4.5m | €2.2m | €5.9m | €8.9m | ▲ 52.3% |
| Contributions10/11 | €100,000 | €8.3m | €8.3m | €13.9m | €19.6m | ▲ 41.1% |
| Capital10 | - | €8.3m | €8.3m | €13.9m | €19.6m | ▲ 41.1% |
| Issued capital100 | - | €8.3m | €8.3m | €13.9m | €19.6m | ▲ 41.1% |
| Reserves13 | €280,837 | €280,837 | €280,837 | €280,837 | €280,837 | = |
| Non-distributable reserves130/1 | - | €75,485 | €75,485 | €75,485 | €75,485 | = |
| Legal reserve130 | - | €9,265 | €9,265 | €9,265 | €9,265 | = |
| Other1319 | - | €66,220 | €66,220 | €66,220 | €66,220 | = |
| Distributable reserves133 | - | €205,351 | €205,351 | €205,351 | €205,351 | = |
| Profit (loss) carried forward14 | -€4.1m | -€4.1m | -€6.4m | -€8.3m | -€10.9m | ▼ 31.9% |
| Provisions and deferred taxes16 | €49,734 | €92,120 | €370,270 | €779,878 | €1.1m | ▲ 46.4% |
| Provisions for liabilities and charges160/5 | - | €92,120 | €370,270 | €779,878 | €1.1m | ▲ 46.4% |
| Other liabilities and charges164/5 | - | €92,120 | €370,270 | €779,878 | €1.1m | ▲ 46.4% |
| Amounts payable17/49 | €22.1m | €17.9m | €85.8m | €82.7m | €75.2m | ▼ 9.1% |
| Amounts payable after more than one year17 | €4.5m | - | - | - | - | - |
| Amounts payable within one year42/48 | €17.4m | €17.6m | €82.9m | €78.4m | €72.8m | ▼ 7.1% |
| Current portion of amounts payable after more than one year42 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Financial debts43 | - | €11.7m | €41.9m | €24.0m | €38.8m | ▲ 61.8% |
| Credit institutions430/8 | - | €11.7m | €41.9m | €24.0m | €38.8m | ▲ 61.8% |
| Trade debts44 | €1.6m | €3.6m | €36.8m | €42.2m | €14.6m | ▼ 65.4% |
| Suppliers440/4 | - | €3.6m | €36.8m | €42.2m | €14.6m | ▼ 65.4% |
| Advances received on contracts in progress46 | - | €1.9m | €2.8m | €8.4m | €16.6m | ▲ 97.2% |
| Taxes, remuneration and social security45 | - | €436,380 | €1.3m | €3.8m | €2.8m | ▼ 26.2% |
| Taxes450/3 | - | €241,218 | €1.0m | €3.7m | €2.7m | ▼ 26.0% |
| Remuneration and social security454/9 | - | €195,162 | €300,328 | €137,248 | €97,015 | ▼ 29.3% |
| Accrued charges and deferred income492/3 | - | €328,563 | €2.9m | €4.4m | €2.4m | ▼ 44.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3.6m | -€4.1m | -€2.3m | -€8.3m | -€10.9m | ▼ 31.9% |
| + Depreciation and write-downs630 | €1,172 | €6,251 | €7,984 | €6,708 | €13,545 | ▲ 102% |
| Operating cash flow (approximation) | -€3.6m | -€4.1m | -€2.3m | -€8.3m | -€10.9m | ▼ 31.8% |
| Investment in fixed assets (approximation) | - | -€6.4m | €1.4m | €311,000 | €878,281 | ▲ 182% |
| Change in cash | - | €775,038 | -€263,240 | -€575,376 | €32 | ▲ 100% |
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
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€10.9m
Net result drops to -€10.9m, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €5mEq €5.9m ▲172%
Equity rises from €2.2m to €5.9m.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2mEq €4.5m
Equity rises from -€3.7m to €4.5m.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 34 acts read
About the unread acts
We know of 34 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
34 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, Mechelen · 1 establishment unit since 1987
Ground area
6,771 m²
Building footprint
1,736 m²
Volume, LiDAR
27,246 m³
Parcel 12403E0765/00N000, Flanders · tallest building 19.9 m, ±6 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Maxomotive
since 19872.030.920.474
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0765/00N000 | Flanders | 6,771 m² | 1 · 1,736 m² | 19.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
ASTARA MOBILITY S.A.
8 companies
Group, risk and exposure
Owners and holdings
1 owner · 2 holdingsChain of control
- Astara Western Europe
- Maxomotive
Highest known parent: Astara Western Europe. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 2
-
100%
-
99.7%
According to the 2024 annual accounts of Maxomotive and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 2,129 companies in sector 46711 we hold annual accounts for 1,130. 216 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-03-1987
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
46720Wholesale of motor vehicle parts and accessories
46730Wholesale trade
47830Retail sale of motorcycles and motorcycle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430801744
Registered
24-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.