MAXWELL
Annual accounts 2025
micro format, filed on 24-07-2026, 7 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €240,000. Estimated: probably between €200,000 and €290,000.
Balance sheet
balance sheet total €442,049 on 31-12-2025in euro
in euro
Position in the sector
63.4%
Higher than 58% of 41,211 companies in 2025.
2.49
Higher than 57% of 39,782 companies in 2025.
33.2%
Higher than 75% of 40,303 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
442,049 | 406,328 | |
21/28 |
38,424 | 298,588 | |
22/27 |
38,424 | 48,588 | |
24 |
38,424 | 48,588 | |
28 |
- | 250,000 | |
29/58 |
403,625 | 107,739 | |
40/41 |
189,360 | 22,455 | |
40 |
206 | 22,455 | |
41 |
189,154 | - | |
54/58 |
213,584 | 84,663 | |
490/1 |
681 | 621 | |
| Balance sheet: equity and liabilities | |||
10/49 |
442,049 | 406,328 | |
10/15 |
280,075 | 133,215 | |
10/11 |
12,000 | 12,000 | |
13 |
268,075 | 121,215 | |
133 |
268,075 | 121,215 | |
17/49 |
161,974 | 273,113 | |
17 |
- | 124,729 | |
170/4 |
- | 124,729 | |
42/48 |
161,915 | 148,344 | |
42 |
15,000 | 53,382 | |
44 |
9,172 | 196 | |
440/4 |
9,172 | 196 | |
45 |
117,992 | 71,854 | |
450/3 |
117,992 | 71,854 | |
47/48 |
19,751 | 22,911 | |
492/3 |
59 | 39 | |
| Income statement | |||
9900 |
141,426 | 195,578 | |
630 |
11,271 | 7,511 | |
640/8 |
120 | 266 | |
9901 |
130,035 | 187,801 | |
75/76B |
70,737 | 182 | |
75 |
737 | 182 | |
76B |
70,000 | - | |
65/66B |
10,912 | 8,415 | |
65 |
10,912 | 8,415 | |
9903 |
189,861 | 179,568 | |
67/77 |
43,000 | 58,353 | |
9904 |
146,860 | 121,215 | |
9905 |
146,860 | 121,215 | |
| Appropriation of the result | |||
9906 |
146,860 | 121,215 | |
691/2 |
146,860 | 121,215 | |
6921 |
146,860 | 121,215 | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 141,306 | 195,312 | ||
| 158,131 | 128,726 | ||
| 1,107 | 306,099 | ||
| 128,921 | - | ||
| 241,711 | -40,605 | ||
| 63.4% | 32.8% | ||
| 2.49 | 0.73 | ||
| 0.58 | 2.05 | ||
| 52.4% | 91.0% | ||
| 33.2% | 29.8% | ||
| 12.95 | 23.21 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €1,107 | €56,099 |
| Financial fixed assets | - | €250,000 |
| €11,271 | €7,511 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on MAXWELL
The operating result for 2025 is 31% lower than in 2024.
Debt's share of the balance-sheet total falls from 67.2% to 36.6%. Equity is higher and debt is lower.