MAXPETWOOD
ActiveMAXPETWOOD has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-8k) and a net result of €-12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 542 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
24
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-92
Solvency0▼-41
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 1.11 in 2024; short-term debt: 195.4% and cash: 9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-95.4%
Return on assets
-133.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-8k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
10 d late
2024
4 d late
2023
56 d early
2022
38 d early
2021
30 d early
2020
1 d early
2019
18 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-8k
2024 · €3k
2018: €1k
2019: €-3k
2020: €7k
2021: €5k
2022: €-65
2023: €-390
2024: €3k
2018 → 2025
Total assets
€9k▼ 56.7%
2024 · €20k
2018: €7k
2019: €12k
2020: €24k
2021: €23k
2022: €18k
2023: €17k
2024: €20k
2018 → 2025
Net result
€-12k
2024 · €4k
2018: €-11k
2019: €-4k
2020: €9k
2021: €-2k
2022: €-5k
2023: €-325
2024: €4k
2018 → 2025
Working capital
€-9k
2024 · €2k
2018: €-2k
2019: €-6k
2020: €4k
2021: €4k
2022: €-465
2023: €-2k
2024: €2k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5k-€-65€-390▼ 503%€3k€-8k
Operating result€-2k-€-5k▼ 198%€-132▲ 97.3%€4k€-12k
Net result€-2k-€-5k▼ 177%€-325▲ 93.5%€4k€-12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12k after €4k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9k
Fixed assets
€870▼ 38.7%
Current assets
€8k▼ 58.1%
Key figures and ratios
EBITDA
€-11k▼
2024 · €5k
Cash flow
€-11k▼
2024 · €4k
Solvency
-95.4%▼
2024 · 16.5%
Current ratio
0.46▼
2024 · 1.11
Quick ratio
0.36▼
2024 · 0.98
Debt / equity
-2.05▼
2024 · 5.07
ROA
-133.5%▼
2024 · 18.4%
Interest coverage
-83.23▼
2024 · 31.56
Debt
€17k▲
2024 · €17k
Debt ≤ 1 year
€17k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€20k€9k▼
Fixed assets21/28€1k€870▼
Tangible fixed assets22/27€1k€870▼
Plant, machinery and equipment23€1k€870▼
Current assets29/58€19k€8k▼
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€124€5k▲
Trade receivables40-€4k
Other amounts receivable41€124€1k▲
Cash at bank and in hand54/58€17k€793▼
Deferred charges and accrued income490/1€52-
Equity and liabilities
Total equity and liabilities10/49€20k€9k▼
Equity10/15€3k€-8k▼
Contributions10/11€12k€12k=
Profit (loss) carried forward14€-9k€-21k▼
Amounts payable17/49€17k€17k▲
Amounts payable within one year42/48€17k€17k▲
Trade debts44€400€358▼
Suppliers440/4€400€358▼
Taxes, remuneration and social security45€270€15▼
Taxes450/3€270€15▼
Other amounts payable47/48€16k€17k▲
Income statement
Code20242025
Non-recurring operating income76A-€6
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€687€550▼
Other operating charges640/8€118€120▲
Gross operating margin9900€5k€-11k▼
Operating profit (loss)9901€4k€-12k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€145€133▼
Recurring financial charges65€145€133▼
Profit (loss) for the period before taxes9903€4k€-12k▼
Profit (loss) for the period9904€4k€-12k▼
Profit (loss) for the period to be appropriated9905€4k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-21k▼
Profit (loss) brought forward from the previous period14P€-13k€-9k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial
Weakest financial yearnet €-12k ▼414%
Net result drops to €-12k, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
30-09
Financial
Liquidity doublescurrent ratio 1.25
Current ratio from 0.56 to 1.25.
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brasschaat · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Baillet-Latourlei 1212930 BrasschaatGround area
5,610 m²
Building footprint
402 m²
Volume, LiDAR
2,354 m³
Parcel 11322E0139/00R000, Flanders · tallest building 17.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAX PETWOOD
since 20172.264.165.288
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0139/00R000 | Flanders | 5,609 m² | 1 · 402 m² | 17.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TRI LIGNARII
BE 0740.559.861
Sint-Pieters-Woluwe · Eq €4k
FP IMPACT
BE 0765.549.437
Ukkel · Eq €4k
ARCADRE
BE 0887.971.751
Sint-Lambrechts-Woluwe · Eq €2k
European Circular Industry
BE 0803.723.786
Watermaal-Bosvoorde · Eq €5k
EURO-ART
BE 0424.471.109
Herentals · Eq €6k
Of 762 companies in sector 16281 we hold annual accounts for 159. 36 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-04-2017
Fiscal year end31-12
Activities, NACEBEL
16281Manufacture of other wood products
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.