Active BE 0758.445.869Private limited company

MAXTO

Volkstraat 54 ·2000 Antwerpen, Belgium· 5 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

MAXTO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €173k and a net result of €185k. Equity is growing by ~90.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 514 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€173k
Net result	€185k
Better than sector	12%
Active	5 yrs

Financial profile 4 of 5 axes measured · computed by Checked

70 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 100

Solvency 6

Growth 78

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview5 NBB filings

Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~90.9%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	8.7%	43.7%	better than 12% of 514 sector peers
Net result	€185k	€67k	better than 72% of 514 sector peers
Equity	€173k	€506k	better than 31% of 514 sector peers
Gross operating margin	€313k	€81k	better than 87% of 513 sector peers
Total assets	€1.99M	€1.61M	better than 57% of 514 sector peers

Net profit

€185k

- 21-25

Total assets

€1.99M

+0.6% 21-25

Equity

€173k

- 21-25

Income taxes

€62k

- 21-25

Debt

€1.82M

-8.7% 21-25

Debt ≤ 1y

€207k

+17.5% 21-25

Debt > 1y

€1.61M

-11.3% 21-25

Solvency

8.7%

- 21-25

ROE

107.0%

-0.2% 21-25

ROA

9.3%

- 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	micro schema	micro schema	micro schema	micro schema
Revenue	n/a	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a	n/a
Net profit	€185k	€-13k	€813	€2k	€-7k
Cash flow	n/a	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-	-
Income taxes	€62k	-	-	-	-
Dividends	-	-	-	-	-
Total assets	€1.99M	€1.98M	€83k	€87k	€90k
Equity	€173k	€-12k	€872	€59	€-2k
Debt	€1.82M	€1.99M	€82k	€87k	€91k
of which ≤ 1y	€207k	€176k	€6k	€5k	€5k
of which > 1y	€1.61M	€1.82M	€77k	€81k	€86k
Working capital	n/a	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-	-

Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a	n/a
Solvency	8.7%	-0.6%	1.0%	0.1%	-1.7%
Debt / equity	n/a	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a	n/a
ROA	9.3%	-0.7%	1.0%	1.9%	-7.3%
ROE	107.0%	107.2%	93.2%	2723.1%	421.4%
EBITDA margin	n/a	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €1.96M · 98.3% Current assets €35k · 1.8%

Equity & liabilities

Equity €173k · 8.7% Debt €1.82M · 91.3%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.99M	€1.98M	€83k	€87k	€90k
Fixed assets	21/28	€1.96M	€1.98M	€77k	€82k	€87k
Tangible fixed assets	22/27	€137k	€154k	€77k	€82k	€87k
Financial fixed assets	28	€1.82M	€1.82M	-	-	-
Current assets	29/58	€35k	€6k	€6k	€5k	€3k
Stocks & contracts in progress	3	-	-	-	-	€0
Amounts receivable within one year	40/41	-	€6k	€1k	€1k	€605
Investments	50/53	-	-	-	-	€0
Cash & bank	54/58	€34k	€38	€5k	€3k	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.99M	€1.98M	€83k	€87k	€90k
Equity	10/15	€173k	€-12k	€872	€59	€-2k
Contributions / capital	10/11	€5k	€5k	€5k	€5k	€5k
Accumulated profits (losses)	14	€168k	€-17k	€-4k	€-5k	€-7k
Amounts payable	17/49	€1.82M	€1.99M	€82k	€87k	€91k
Amounts payable after one year	17	€1.61M	€1.82M	€77k	€81k	€86k
Amounts payable within one year	42/48	€207k	€176k	€6k	€5k	€5k
Trade debts payable within one year	44	€459	€2k	€426	€42	€42
Income statement
Gross operating margin	9900	€313k	€31k	€8k	€9k	€1k
Operating result	9901	€285k	€10k	€3k	€4k	€-4k
Financial income	75	€0	-	-	-	-
Financial charges	65	€38k	€23k	€2k	€2k	€2k
Result before taxes	9903	€247k	€-13k	€813	€2k	€-7k
Income taxes	67/77	€62k	-	-	-	-
Net result for the period	9904	€185k	€-13k	€813	€2k	€-7k
Result to be appropriated	9905	€185k	€-13k	€813	€2k	€-7k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	16-11-2020
Status	Active
Postal code	2000

Establishment units 1 location

MAXTO

Volkstraat 54, 2000 AntwerpenReal estate activities

since 20202.310.628.585

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11811L3630/00M002 ProtectedMonumentLiberaal Volkshuis Help U Zelve: gevels en bedakingSource ↗	Flanders	1,639 m²	1 · 518 m²	17.7 m · 6 fl.

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.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 5 events

All 9Financial 4Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 31 days late

2025

31-12

Financial Back to profitnet €185k

Net result €185k after one loss-making year.

31-12

Financial Equity above €150kEq €173k

Equity rises from €-12k to €173k.

29-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-13k ▼1699%

Net result drops to €-13k, the lowest in the series; recovery starts the following year.

28-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

24-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

30-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210

Names & trade names

Legal nameNL

MAXTO

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