Starting capital
€300,000 100 shares
MAXTHI
Lifetime
1 annual account with figurespeak -€612 (2025)
-€612
lowest -€1,055 (2025)
-€1,055
peak €73,945 (2025)
€73,945
€122,743
Board2 names since 2025
2 directorsDr. Vrancken A. and 1 other
Owners
Documentsfilings and deeds
24-08-202624 days late
2025abbreviated format
Loss of €1,055Incorporation 02-041 establishment registeredFirst year with figures
Key points
from the 2025 annual accounts2025 accounts filed 24 days after the deadlineTurnover not published (abbreviated format)
Checked score
64
Healthy
Financially stronger than 22% of micro companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2026: 2.1%
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.2%▲ +0.1 percentage points vs 05-2026
07-2026: 2.6%▲ +0.4 percentage points vs 06-2026
08-2026: 2.7%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 1.2%▼ -1.5 percentage points vs 08-2026lowest value
10-2026: 1.2%● unchanged vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2025
Liquidity: current ratio 1.17, cash €4,218
lowers risk
Size: total assets €196,689
No main activity registered
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 37% of them on solvency, 12% on liquidity and 16% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 277 companies had the same profile as MAXTHI has now. Each dot is one company, two years later.
96.8%
were still trading
2.5%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of MAXTHI itself is higher: 1.2% within 12 months. It rests on far more data about MAXTHI than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 277 companies, not a prediction for MAXTHI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.17, below the usual 1.5. Short-term debt is 62.4% and cash 2.1% of total assets. 62.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
24 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- Dr. Vrancken A. 50%score 98equity €540,447 (2025) · 2025 annual accounts of Dr. Vrancken A.
Shares in 5 companies, including BOLDERBERG INVEST and GROND DEV
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1021696347
Incorporation
Founding capital of €300,000, 100 shares · Founders: DR.VRANCKEN A. and MATHANJE · Appointments: DR.VRANCKEN A. (director) and MATHANJE (day-to-day manager) · published on 02-04-2025 · Gazette deed
First establishment
Hyacintenlaan 15, Heusden-Zolder
Official details
Source: KBO- Status
- Active since 31-03-2025Normal situation
- Activity
- “Holdingvennootschap – beheer en controle van andere vennootschappen via kapitaalinbreng en bestuur” (deed in Dutch)From the articles, 11 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.372.115.3033550 Heusden-Zolder, since 31-03-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 06-06-2025
Companies linked to MAXTHI
Subsidiaries and holdings
Insights on MAXTHI
MAXTHI has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,945 and a net result of -€1,055.
The computed 12-month bankruptcy probability is 1.2% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MAXTHI
- What is the company number of MAXTHI?
- The company number of MAXTHI is 1021.696.347. The VAT number is the same number with BE in front: BE 1021.696.347.
- Where is MAXTHI based?
- The registered office is at Hyacintenlaan 15, 3550 Heusden-Zolder.Company details
- What is the legal form of MAXTHI?
- MAXTHI is a public limited company (NV).
- When was MAXTHI founded?
- MAXTHI was founded on 31-03-2025.
- Is MAXTHI still active?
- Yes, MAXTHI is an active enterprise in the KBO register.
- What is the turnover of MAXTHI?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is MAXTHI profitable?
- In financial year 2025, MAXTHI made a loss of €1,055.
- Where can I find the annual accounts of MAXTHI?
- MAXTHI filed 1 annual account with the National Bank of Belgium, for financial year 2025.
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