MAXPOL
ActiveSummary
The computed 12-month bankruptcy probability of MAXPOL is 1.6% (moderate). The 2024 annual accounts show equity of €40,792 and a net result of €26,896. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 71% of 36386 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+3
Solvency91▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.82 against 2.52 in 2023; short-term debt: 25.6% and cash: 22.1% of total assets), and 34.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
69 d late
2022
70 d late
2021
71 d late
2020
137 d late
2019
104 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 85 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€241,119▼ 29.5%
2022 · €342,159
EBIT margin
10.4%▼ 1.0pp
2022 · 11.5%
Net result
€26,896▲ 18.2%
2023 · €22,747
Working capital
€28,859▲ 38.7%
2023 · €20,803
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€493,362▲ 38.5%€300,698▼ 39.1%€342,159▲ 13.8%€241,119▼ 29.5%
Operating result-€23,211€32,498€39,243▲ 20.8%€25,146▼ 35.9%€27,663▲ 10.0%
Net result-€22,459below the sector's middle half€29,851above the sector's middle half€40,553above the sector's middle half▲ 35.9%€22,747within the sector's middle half▼ 43.9%€26,896within the sector's middle half▲ 18.2%
EBIT margin-4.7%▼ 12.8pp10.8%▲ 15.5pp11.5%▲ 0.7pp10.4%▼ 1.0pp
Equity€2,945below the sector's middle half▼ 88.4%€16,796below the sector's middle half▲ 470%€32,349within the sector's middle half▲ 92.6%€38,896within the sector's middle half▲ 20.2%€40,792within the sector's middle half▲ 4.9%
Total assets€77,101within the sector's middle half▲ 23.9%€97,997within the sector's middle half▲ 27.1%€92,336within the sector's middle half▼ 5.8%€65,393below the sector's middle half▼ 29.2%€62,019below the sector's middle half▼ 5.2%
Debt€74,156▲ 101%€81,201▲ 9.5%€59,988▼ 26.1%€26,497▼ 55.8%€21,226▼ 19.9%
Working capital-€29,751below the sector's middle half-€19,515below the sector's middle half▲ 34.4%€7,103within the sector's middle half€20,803within the sector's middle half▲ 193%€28,859within the sector's middle half▲ 38.7%
Solvency3.8%below the sector's middle half▼ 37.0pp17.1%below the sector's middle half▲ 13.3pp35.0%within the sector's middle half▲ 17.9pp59.5%within the sector's middle half▲ 24.4pp65.8%within the sector's middle half▲ 6.3pp
Current ratio0.60below the sector's middle half▼ 0.440.64below the sector's middle half▲ 0.041.18within the sector's middle half▲ 0.542.52within the sector's middle half▲ 1.342.82within the sector's middle half▲ 0.29
Return on assets (ROA)-29.1%below the sector's middle half▼ 64.2pp30.5%above the sector's middle half▲ 59.6pp43.9%above the sector's middle half▲ 13.5pp34.8%above the sector's middle half▼ 9.1pp43.4%above the sector's middle half▲ 8.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 10% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €62,019
Fixed assets
€17,264 ▼ 44.2%
Current assets
€44,754 ▲ 29.8%
Equity and liabilities €62,019
Equity
€40,792 ▲ 4.9%
Debt
€21,226 ▼ 19.9%
Debt's share of the balance-sheet total falls from 40.5% to 34.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42,535▲
2023 · €42,102
Cash flow
€41,769▲
2023 · €39,703
Debt to equity
0.52▼
2023 · 0.68
ROE
65.9%▲
2023 · 58.5%
Interest coverage
34.65▲
2023 · 17.54
Debt ≤ 1 year
€15,895▲
2023 · €13,676
Debt > 1 year
€5,331▼
2023 · €12,822
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €493,362 | €300,698 | €342,159 | €241,119 | - | - |
| Non-recurring operating income76A | - | €2,504 | €11,837 | €2,600 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €258,640 | €294,320 | €199,407 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,985 | €11,820 | €17,332 | €16,956 | €14,873 | ▼ 12.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €12,180 | - | - | - |
| Other operating charges640/8 | - | €1,980 | €1,346 | €397 | €471 | ▲ 18.8% |
| Non-recurring operating charges66A | - | €3,583 | - | €2,032 | €50 | ▼ 97.5% |
| Gross operating margin9900 | -€5,887 | €49,880 | €70,101 | €44,531 | €43,057 | ▼ 3.3% |
| Operating profit (loss)9901 | -€23,211 | €32,498 | €39,243 | €25,146 | €27,663 | ▲ 10.0% |
| Financial income75/76B | - | €5 | €4,211 | €1 | €461 | ▲ 70,805% |
| Recurring financial income75 | €2,916 | €5 | €4,211 | €1 | €461 | ▲ 70,805% |
| Financial charges65/66B | - | €2,220 | €2,686 | €2,400 | €1,228 | ▼ 48.8% |
| Recurring financial charges65 | €2,023 | €2,220 | €2,686 | €2,400 | €1,228 | ▼ 48.8% |
| Profit (loss) for the period before taxes9903 | -€22,319 | €30,283 | €40,769 | €22,747 | €26,896 | ▲ 18.2% |
| Income taxes67/77 | €140 | €432 | €216 | - | - | - |
| Profit (loss) for the period9904 | -€22,459 | €29,851 | €40,553 | €22,747 | €26,896 | ▲ 18.2% |
| Profit (loss) for the period to be appropriated9905 | -€22,459 | €29,851 | €40,553 | €22,747 | €26,896 | ▲ 18.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77,101 | €97,997 | €92,336 | €65,393 | €62,019 | ▼ 5.2% |
| Fixed assets21/28 | €32,696 | €63,422 | €45,332 | €30,915 | €17,264 | ▼ 44.2% |
| Tangible fixed assets22/27 | €32,696 | €63,422 | €45,332 | €30,915 | €17,264 | ▼ 44.2% |
| Plant, machinery and equipment23 | - | €20,428 | €12,863 | €6,884 | €2,166 | ▼ 68.5% |
| Furniture and vehicles24 | - | €4,826 | €2,723 | €2,708 | €2,199 | ▼ 18.8% |
| Leasing and similar rights25 | - | €38,169 | €29,746 | €21,323 | €12,900 | ▼ 39.5% |
| Current assets29/58 | €44,405 | €34,575 | €47,005 | €34,478 | €44,754 | ▲ 29.8% |
| Amounts receivable within one year40/41 | €40,587 | €27,459 | €14,243 | €25,196 | €31,055 | ▲ 23.3% |
| Trade receivables40 | - | €26,535 | €13,231 | €13,811 | €17,411 | ▲ 26.1% |
| Other amounts receivable41 | - | €924 | €1,012 | €11,385 | €13,644 | ▲ 19.8% |
| Cash at bank and in hand54/58 | €2,594 | €6,162 | €32,090 | €7,769 | €13,699 | ▲ 76.3% |
| Deferred charges and accrued income490/1 | - | €955 | €672 | €1,514 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77,101 | €97,997 | €92,336 | €65,393 | €62,019 | ▼ 5.2% |
| Equity10/15 | €2,945 | €16,796 | €32,349 | €38,896 | €40,792 | ▲ 4.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €720 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€3,975 | €8,736 | €24,289 | €30,836 | €32,732 | ▲ 6.1% |
| Amounts payable17/49 | €74,156 | €81,201 | €59,988 | €26,497 | €21,226 | ▼ 19.9% |
| Amounts payable after more than one year17 | - | €27,111 | €20,086 | €12,822 | €5,331 | ▼ 58.4% |
| Financial debts170/4 | - | €27,111 | €20,086 | €12,822 | €5,331 | ▼ 58.4% |
| Amounts payable within one year42/48 | €74,156 | €54,090 | €39,902 | €13,676 | €15,895 | ▲ 16.2% |
| Current portion of amounts payable after more than one year42 | - | €6,794 | €7,025 | €7,264 | €7,490 | ▲ 3.1% |
| Financial debts43 | - | €25,000 | €25,000 | €3,146 | €3,146 | = |
| Credit institutions430/8 | - | €25,000 | €25,000 | €3,146 | €3,146 | = |
| Trade debts44 | €30,062 | €15,107 | €4,358 | €2,065 | €3,659 | ▲ 77.2% |
| Suppliers440/4 | - | €15,107 | €4,358 | €2,065 | €3,659 | ▲ 77.2% |
| Taxes, remuneration and social security45 | - | €6,045 | €648 | €360 | €1,600 | ▲ 344% |
| Taxes450/3 | - | €845 | €648 | €360 | - | - |
| Remuneration and social security454/9 | - | €5,200 | - | - | €1,600 | - |
| Other amounts payable47/48 | - | €1,143 | €2,870 | €840 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,459 | €29,851 | €40,553 | €22,747 | €26,896 | ▲ 18.2% |
| + Depreciation and write-downs630 | €14,985 | €11,820 | €17,332 | €16,956 | €14,873 | ▼ 12.3% |
| Operating cash flow (approximation) | -€7,474 | €41,671 | €57,885 | €39,703 | €41,769 | ▲ 5.2% |
| Investment in fixed assets (approximation) | - | -€42,546 | €758 | -€2,539 | -€1,222 | ▲ 51.9% |
| Change in cash | - | €3,568 | €25,929 | -€24,322 | €5,931 | ▲ 124% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 2.52
Current ratio from 1.18 to 2.52; short-term debt falls from €39,902 to €13,676.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Highest result since 2018net €40,553 ▲35.9%
Operating result €39,243, net result €40,553, both a record.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
31-12
Financial
Back to profitnet €29,851
Net result €29,851 after one loss-making year.
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 137 days late
2020
31-12
Financial
Weakest financial yearnet -€22,459
Net result drops to -€22,459, the lowest in the series; recovery starts the following year.
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
31-12
Financial
Back to profitnet €21,832
Net result €21,832 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Show earlier events
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2008
Ground area
156 m²
Building footprint
87 m²
Volume, LiDAR
884 m³
Parcel 21308H0515/00W008, Brussels · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Maxpol
since 20082.174.273.311
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0515/00W008 | Brussels | 156 m² | 1 · 87 m² | 13.2 m · 4 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.
Similar companies · same sector, comparable size
CRINE TOITURES
BE 0780.466.552
Soumagne · Eq €40,791
MCBM
BE 0793.656.275
Lommel · Eq €40,788
DAKWERKEN WILLEMS JEROEN
BE 0769.686.981
Ninove · Eq €40,762
VANDERMEULEN TOITURES
BE 1002.846.970
Herve · Eq €40,750
CONSTRUCTERRE
BE 0462.797.094
Thimister-Clermont · Eq €40,745
Of 11,141 companies in sector 43910 we hold annual accounts for 5,493. 4,583 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)
Founded04-11-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43110Demolition
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807554197
Registered
22-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.