MaxSpadden
ActiveSummary
The computed 12-month bankruptcy probability of MaxSpadden is 2.8% (moderate). The 2025 annual accounts show equity of €59,208 and a net result of €50,249. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+28
Growth78
Track record82
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 5.43 against 1.89 in 2024; short-term debt: 16.4% and cash: 81.5% of total assets), and 16.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
83.6%
Return on assets
70.9%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
31 d early
2024
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 26 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€59,208▲ 561%
2024 · €8,959
Total assets
€70,843▲ 272%
2024 · €19,049
Net result
€50,249▲ 589%
2024 · €7,292
Working capital
€51,557▲ 475%
2024 · €8,959
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€9,598-€63,502▲ 562%
Net result€7,292-€50,249▲ 589%
Equity€8,959-€59,208▲ 561%
Total assets€19,049-€70,843▲ 272%
Debt€10,090-€11,635▲ 15.3%
Working capital€8,959-€51,557▲ 475%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 562% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70,843
Fixed assets
€7,652
Current assets
€63,192
Equity and liabilities €70,843
Equity
€59,208 ▲ 561%
Debt
€11,635 ▲ 15.3%
Debt's share of the balance-sheet total falls from 53.0% to 16.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63,969
Cash flow
€50,716
Current ratio
5.43▲
2024 · 1.89
Debt to equity
0.20▼
2024 · 1.13
ROE
84.9%▲
2024 · 81.4%
ROA
70.9%▲
2024 · 38.3%
Interest coverage
779.73
Debt ≤ 1 year
€11,635▲
2024 · €10,090
Income taxes
€13,171▲
2024 · €2,286
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €467 | - |
| Gross operating margin9900 | €9,598 | €63,969 | ▲ 566% |
| Operating profit (loss)9901 | €9,598 | €63,502 | ▲ 562% |
| Financial charges65/66B | €20 | €82 | ▲ 321% |
| Recurring financial charges65 | €20 | €82 | ▲ 321% |
| Profit (loss) for the period before taxes9903 | €9,579 | €63,420 | ▲ 562% |
| Income taxes67/77 | €2,286 | €13,171 | ▲ 476% |
| Profit (loss) for the period9904 | €7,292 | €50,249 | ▲ 589% |
| Profit (loss) for the period to be appropriated9905 | €7,292 | €50,249 | ▲ 589% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €19,049 | €70,843 | ▲ 272% |
| Fixed assets21/28 | - | €7,652 | - |
| Tangible fixed assets22/27 | - | €7,652 | - |
| Furniture and vehicles24 | - | €7,652 | - |
| Current assets29/58 | €19,049 | €63,192 | ▲ 232% |
| Cash at bank and in hand54/58 | €9,507 | €57,719 | ▲ 507% |
| Deferred charges and accrued income490/1 | €9,542 | €5,473 | ▼ 42.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €19,049 | €70,843 | ▲ 272% |
| Equity10/15 | €8,959 | €59,208 | ▲ 561% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €6,459 | €56,708 | ▲ 778% |
| Amounts payable17/49 | €10,090 | €11,635 | ▲ 15.3% |
| Amounts payable within one year42/48 | €10,090 | €11,635 | ▲ 15.3% |
| Trade debts44 | €4,367 | €797 | ▼ 81.7% |
| Suppliers440/4 | €4,367 | €797 | ▼ 81.7% |
| Taxes, remuneration and social security45 | €4,836 | €9,216 | ▲ 90.6% |
| Taxes450/3 | €3,336 | €7,717 | ▲ 131% |
| Remuneration and social security454/9 | €1,500 | €1,499 | = |
| Other amounts payable47/48 | €887 | €1,622 | ▲ 82.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €7,292 | €50,249 | ▲ 589% |
| + Depreciation and write-downs630 | - | €467 | - |
| Operating cash flow (approximation) | €7,292 | €50,716 | ▲ 595% |
| Change in cash | - | €48,211 | - |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 5.43
Current ratio from 1.89 to 5.43.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Enghien · 1 establishment unit since 2024
Ground area
549 m²
Building footprint
80 m²
Volume, LiDAR
508 m³
Parcel 55033B0152/00H000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MaxSpadden
since 20242.364.947.201
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55033B0152/00H000 | Wallonia | 549 m² | 1 · 80 m² | 7.8 m · 2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded18-09-2024
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.