MAXOTHEEK
ActiveSummary
MAXOTHEEK has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209k and a net result of €17k. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 79% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+2
Solvency96▼-3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 3.18 against 3.7 in 2024; short-term debt: 28.5% and cash: 51.6% of total assets), and 29.2% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
70.8%
Return on assets
5.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-01-2026, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
19 d early
2024
11 d early
2023
12 d early
2022
13 d early
2021
13 d early
2020
3 d early
2019
11 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€209k▲ 0.8%
2024 · €207k
2019: €53klowest in 7 years
2020: €87k▲ +64.4% vs 2019
2021: €129k▲ +49.7% vs 2020
2022: €165k▲ +27.3% vs 2021
2023: €196k▲ +18.7% vs 2022
2024: €207k▲ +5.8% vs 2023
2025: €209k▲ +0.8% vs 2024highest in 7 years
2019 → 2025
Total assets
€295k▲ 4.7%
2024 · €282k
2019: €134klowest in 7 years
2020: €154k▲ +15.5% vs 2019
2021: €236k▲ +53.2% vs 2020
2022: €232k▼ -1.6% vs 2021
2023: €267k▲ +15.0% vs 2022
2024: €282k▲ +5.4% vs 2023
2025: €295k▲ +4.7% vs 2024highest in 7 years
2019 → 2025
Net result
€17k▲ 46.1%
2024 · €11k
2019: €15k
2020: €38k▲ +156% vs 2019
2021: €43k▲ +13.4% vs 2020highest in 7 years
2022: €35k▼ -17.9% vs 2021
2023: €31k▼ -12.6% vs 2022
2024: €11k▼ -63.2% vs 2023lowest in 7 years
2025: €17k▲ +46.1% vs 2024
2019 → 2025
Working capital
€183k▼ 7.2%
2024 · €197k
2019: €82klowest in 7 years
2020: €95k▲ +16.9% vs 2019
2021: €122k▲ +27.4% vs 2020
2022: €149k▲ +22.7% vs 2021
2023: €185k▲ +23.6% vs 2022
2024: €197k▲ +6.8% vs 2023highest in 7 years
2025: €183k▼ -7.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€129k-€165k▲ 27.3%€196k▲ 18.7%€207k▲ 5.8%€209k▲ 0.8%
2021: €129klowest in 5 years
2022: €165k▲ +27.3% vs 2021
2023: €196k▲ +18.7% vs 2022
2024: €207k▲ +5.8% vs 2023
2025: €209k▲ +0.8% vs 2024highest in 5 years
Operating result€66k-€53k▼ 20.0%€47k▼ 10.4%€22k▼ 53.9%€25k▲ 14.9%
2021: €66khighest in 5 years
2022: €53k▼ -20.0% vs 2021
2023: €47k▼ -10.4% vs 2022
2024: €22k▼ -53.9% vs 2023lowest in 5 years
2025: €25k▲ +14.9% vs 2024
Net result€43k-€35k▼ 17.9%€31k▼ 12.6%€11k▼ 63.2%€17k▲ 46.1%
2021: €43khighest in 5 years
2022: €35k▼ -17.9% vs 2021
2023: €31k▼ -12.6% vs 2022
2024: €11k▼ -63.2% vs 2023lowest in 5 years
2025: €17k▲ +46.1% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 15% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €295k
Fixed assets
€28k ▲ 144%
Current assets
€267k ▼ 1.2%
Equity and liabilities €295k
Equity
€209k ▲ 0.8%
Debt
€86k ▲ 15.6%
Debt's share of the balance-sheet total rises from 26.5% to 29.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32k▲
2024 · €28k
Cash flow
€23k▲
2024 · €18k
Current ratio
3.18▼
2024 · 3.70
Debt to equity
0.41▲
2024 · 0.36
ROE
8.0%▲
2024 · 5.5%
ROA
5.6%▲
2024 · 4.0%
Interest coverage
8.80▼
2024 · 9.62
Debt ≤ 1 year
€84k▲
2024 · €73k
Income taxes
€8k▲
2024 · €8k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€282k€295k▲
Fixed assets21/28€12k€28k▲
Intangible fixed assets21€414-
Tangible fixed assets22/27€11k€28k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€997€7k▲
Other tangible fixed assets26€8k€20k▲
Financial fixed assets28€23€23=
Current assets29/58€270k€267k▼
Amounts receivable within one year40/41€10k€47k▲
Trade receivables40€10k€39k▲
Other amounts receivable41-€8k
Current investments50/53€64k€64k=
Cash at bank and in hand54/58€193k€152k▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€282k€295k▲
Equity10/15€207k€209k▲
Contributions10/11€19k€19k=
Reserves13€188k€190k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€187k€189k▲
Amounts payable17/49€75k€86k▲
Amounts payable within one year42/48€73k€84k▲
Trade debts44€16k€18k▲
Suppliers440/4€16k€18k▲
Advances received on contracts in progress46-€206
Taxes, remuneration and social security45€22k€13k▼
Taxes450/3€20k€11k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€36k€53k▲
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Non-recurring operating income76A€6k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€16k-
Other operating charges640/8€2k€1k▼
Gross operating margin9900€47k€33k▼
Operating profit (loss)9901€22k€25k▲
Financial income75/76B€282€3k▲
Recurring financial income75€282€3k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€19k€25k▲
Income taxes67/77€8k€8k▲
Profit (loss) for the period9904€11k€17k▲
Profit (loss) for the period to be appropriated9905€11k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€17k▲
Transfer from equity791/2-€15k
Transfer to equity691/2€11k€17k▲
To other reserves6921€11k€17k▲
Profit to be distributed694/7-€15k
Return on contributions (dividend)694-€15k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €6k | €6k | €6k | €7k | ▲ 4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €16k | - | - |
| Other operating charges640/8 | - | €4k | €2k | €2k | €1k | ▼ 40.6% |
| Gross operating margin9900 | €72k | €62k | €55k | €47k | €33k | ▼ 29.4% |
| Operating profit (loss)9901 | €66k | €53k | €47k | €22k | €25k | ▲ 14.9% |
| Financial income75/76B | - | €50 | €0 | €282 | €3k | ▲ 1,064% |
| Recurring financial income75 | - | €50 | €0 | €282 | €3k | ▲ 1,064% |
| Financial charges65/66B | - | €2k | €2k | €3k | €4k | ▲ 22.9% |
| Recurring financial charges65 | €2k | €2k | €2k | €3k | €4k | ▲ 22.9% |
| Profit (loss) for the period before taxes9903 | €64k | €51k | €45k | €19k | €25k | ▲ 29.1% |
| Income taxes67/77 | €21k | €15k | €14k | €8k | €8k | ▲ 4.4% |
| Profit (loss) for the period9904 | €43k | €35k | €31k | €11k | €17k | ▲ 46.1% |
| Profit (loss) for the period to be appropriated9905 | €43k | €35k | €31k | €11k | €17k | ▲ 46.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €236k | €232k | €267k | €282k | €295k | ▲ 4.7% |
| Fixed assets21/28 | €19k | €18k | €12k | €12k | €28k | ▲ 144% |
| Intangible fixed assets21 | €3k | €2k | €1k | €414 | - | - |
| Tangible fixed assets22/27 | €16k | €15k | €11k | €11k | €28k | ▲ 153% |
| Plant, machinery and equipment23 | - | €5k | €3k | €2k | €1k | ▼ 49.5% |
| Furniture and vehicles24 | - | €2k | €2k | €997 | €7k | ▲ 583% |
| Other tangible fixed assets26 | - | €8k | €6k | €8k | €20k | ▲ 157% |
| Financial fixed assets28 | €23 | €23 | €23 | €23 | €23 | = |
| Current assets29/58 | €217k | €215k | €255k | €270k | €267k | ▼ 1.2% |
| Amounts receivable within one year40/41 | €13k | €11k | €11k | €10k | €47k | ▲ 388% |
| Trade receivables40 | - | €11k | €10k | €10k | €39k | ▲ 306% |
| Other amounts receivable41 | - | €56 | €827 | - | €8k | - |
| Current investments50/53 | - | - | - | €64k | €64k | = |
| Cash at bank and in hand54/58 | €203k | €198k | €240k | €193k | €152k | ▼ 21.1% |
| Deferred charges and accrued income490/1 | - | €5k | €3k | €4k | €4k | ▼ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €236k | €232k | €267k | €282k | €295k | ▲ 4.7% |
| Equity10/15 | €129k | €165k | €196k | €207k | €209k | ▲ 0.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €111k | €146k | €177k | €188k | €190k | ▲ 0.9% |
| Non-distributable reserves130/1 | - | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €145k | €176k | €187k | €189k | ▲ 0.9% |
| Amounts payable17/49 | €107k | €68k | €72k | €75k | €86k | ▲ 15.6% |
| Amounts payable after more than one year17 | €11k | €2k | - | - | - | - |
| Financial debts170/4 | - | €2k | - | - | - | - |
| Amounts payable within one year42/48 | €95k | €65k | €71k | €73k | €84k | ▲ 15.1% |
| Current portion of amounts payable after more than one year42 | - | €9k | €2k | - | - | - |
| Trade debts44 | €8k | €11k | €9k | €16k | €18k | ▲ 15.8% |
| Suppliers440/4 | - | €11k | €9k | €16k | €18k | ▲ 15.8% |
| Advances received on contracts in progress46 | - | €165 | - | - | €206 | - |
| Taxes, remuneration and social security45 | - | €10k | €6k | €22k | €13k | ▼ 41.9% |
| Taxes450/3 | - | €8k | €5k | €20k | €11k | ▼ 45.3% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | €2k | = |
| Other amounts payable47/48 | - | €35k | €54k | €36k | €53k | ▲ 48.8% |
| Accrued charges and deferred income492/3 | - | €609 | €1k | €2k | €2k | ▲ 40.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43k | €35k | €31k | €11k | €17k | ▲ 46.1% |
| + Depreciation and write-downs630 | €5k | €6k | €6k | €6k | €7k | ▲ 4.3% |
| Operating cash flow (approximation) | €48k | €41k | €37k | €18k | €23k | ▲ 31.1% |
| Investment in fixed assets (approximation) | - | €-4k | €-655 | €-6k | €-23k | ▼ 308% |
| Change in cash | - | €-5k | €42k | €-47k | €-41k | ▲ 14.0% |
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
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Weakest financial yearnet €11k ▼63.2%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €200kEq €207k ▲5.8%
6 profitable years in a row build equity to €207k.
19-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €150kEq €165k ▲27.3%
4 profitable years in a row build equity to €165k.
18-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €43k ▲13.4%
Operating result €66k, net result €43k, both a record.
30-06
Financial
Equity above €100kEq €129k ▲49.7%
3 profitable years in a row build equity to €129k.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
18-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 34 days late
2017
20-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Gistel · 1 establishment unit since 2010
Ground area
1,237 m²
Building footprint
827 m²
Volume, LiDAR
20,120 m³
2 parcels, Flanders · tallest building 33.9 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
Max Makelaar; Maxotheek; Maxwaardig
since 20102.192.825.748
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A0956/00B000 | Flanders | 624 m² | 1 · 624 m² | 33.9 m · 10 fl. |
| 35012C0303/00T000 | Flanders | 612 m² | 1 · 203 m² | 13.9 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 105 EUR awarded · 105 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 105 EUR | 105 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 5,159 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 (pre-2019)
Founded13-09-2010
Fiscal year end30-06
Activities, NACEBEL 2025
68310Real estate agency activities
70100Activities of head offices
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.