NDMaxfac
ActiveSummary
NDMaxfac has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136,893 and a net result of €469,069. Equity has been growing by about 39% per year since 2021. The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-11-2021 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.324.500.872 2820 Bonheiden, since 28-11-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 12-02-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €798,149
- ▲ 31.3%
- Turnover
- ≈ €1.6m
- estimated
- Profit
- €469,069
- ▲ 15.5%
- Equity
- €136,893
- ▼ 67.2%
- Total assets
- €1.0m
- ▲ 50.7%
- Staff
- ≈ 1.5 FTE
- estimated
- 2025 accounts filed 28 days after the deadline
Score breakdownraises risk1 change of registered office in 24 monthsFounded in 2021lowers riskSize: total assets €1.0mFigures for financial year 2025 (filed on 01-09-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 24% of them on solvency, 62% on liquidity, 90% on profitability and 7% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 5 accounts on average 24 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00481135.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 5 filings
Every figure per financial year
The operating result for 2025 is 25% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €140,599 | €206,528 | €279,427 |
| Depreciation and write-downs of the year | - | - | €26,806 | €31,642 | €60,674 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €4,595 awarded · €4,595 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €0 | €4,595 |
| 2023 | 1 | €4,595 | €0 |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €59,399 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €3,826 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €18,918 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €266 | €30,441 | €43,613 | €46,620 | ▲ 6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €26,806 | €31,642 | €60,674 | ▲ 91.8% |
| Other operating charges640/8 | €348 | - | €752 | €411 | €1,222 | ▲ 198% |
| Non-recurring operating charges66A | - | - | - | - | €22,224 | - |
| Gross operating margin9900 | €18,965 | €40,481 | €221,780 | €607,832 | €798,149 | ▲ 31.3% |
| Operating profit (loss)9901 | €18,617 | €40,214 | €163,781 | €532,167 | €667,408 | ▲ 25.4% |
| Financial income75/76B | €41 | €850 | €1,240 | €1,550 | - | - |
| Recurring financial income75 | €41 | €850 | €1,240 | €1,550 | - | - |
| Financial charges65/66B | - | €172 | €2,218 | €6,684 | €14,207 | ▲ 113% |
| Recurring financial charges65 | - | €172 | €2,218 | €6,684 | €14,207 | ▲ 113% |
| Profit (loss) for the period before taxes9903 | €18,658 | €40,892 | €162,803 | €527,033 | €653,201 | ▲ 23.9% |
| Income taxes67/77 | €4,800 | €10,365 | €40,360 | €121,038 | €184,132 | ▲ 52.1% |
| Profit (loss) for the period9904 | €13,858 | €30,528 | €122,443 | €405,995 | €469,069 | ▲ 15.5% |
| Profit (loss) for the period to be appropriated9905 | €13,858 | €30,528 | €122,443 | €405,995 | €469,069 | ▲ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.02m | €0.05m | €0.3m | €0.7m | €1.0m | ▲ 50.7% |
| Fixed assets21/28 | - | - | €0.1m | €0.3m | €0.3m | ▲ 5.3% |
| Tangible fixed assets22/27 | - | - | €0.1m | €0.3m | €0.3m | ▲ 5.3% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | ▲ 18.7% |
| Plant, machinery and equipment23 | - | - | €0.003m | €0.002m | €0.007m | ▲ 199% |
| Furniture and vehicles24 | - | - | €0.1m | €0.08m | €0.06m | ▼ 32.9% |
| Current assets29/58 | €0.02m | €0.05m | €0.2m | €0.4m | €0.7m | ▲ 84.5% |
| Amounts receivable within one year40/41 | €0.007m | €0.02m | €0.09m | €0.1m | €0.1m | ▲ 17.7% |
| Trade receivables40 | - | - | - | - | €0.001m | - |
| Other amounts receivable41 | €0.007m | €0.02m | €0.09m | €0.1m | €0.1m | ▲ 16.7% |
| Cash at bank and in hand54/58 | €0.01m | €0.02m | €0.08m | €0.3m | €0.6m | ▲ 114% |
| Deferred charges and accrued income490/1 | - | €0.006m | - | - | €0.007m | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.02m | €0.05m | €0.3m | €0.7m | €1.0m | ▲ 50.7% |
| Equity10/15 | €0.02m | €0.05m | €0.2m | €0.4m | €0.1m | ▼ 67.2% |
| Contributions10/11 | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Capital10 | €0.005m | - | - | - | - | - |
| Issued capital100 | €0.005m | - | - | - | - | - |
| Reserves13 | €0.01m | €0.04m | €0.2m | €0.4m | €0.1m | ▼ 68.1% |
| Non-distributable reserves130/1 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Legal reserve130 | €0.001m | - | - | - | - | - |
| Other1319 | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Distributable reserves133 | €0.01m | €0.04m | €0.2m | €0.4m | €0.1m | ▼ 68.1% |
| Amounts payable17/49 | - | €0.002m | €0.1m | €0.3m | €0.9m | ▲ 241% |
| Amounts payable after more than one year17 | - | - | €0.07m | €0.2m | €0.2m | ▲ 18.4% |
| Financial debts170/4 | - | - | €0.07m | €0.2m | €0.2m | ▲ 18.4% |
| Amounts payable within one year42/48 | - | €0.002m | €0.04m | €0.08m | €0.7m | ▲ 724% |
| Current portion of amounts payable after more than one year42 | - | - | €0.03m | €0.05m | €0.05m | ▲ 16.2% |
| Trade debts44 | - | €0.002m | €0.001m | €0.003m | €0.001m | ▼ 56.1% |
| Suppliers440/4 | - | €0.002m | €0.001m | €0.003m | €0.001m | ▼ 56.1% |
| Taxes, remuneration and social security45 | - | - | €0.01m | €0.03m | €0.08m | ▲ 159% |
| Taxes450/3 | - | - | €0.01m | €0.03m | €0.08m | ▲ 159% |
| Other amounts payable47/48 | - | - | - | - | €0.5m | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,858 | €30,528 | €122,443 | €405,995 | €469,069 | ▲ 15.5% |
| + Depreciation and write-downs630 | - | - | €26,806 | €31,642 | €60,674 | ▲ 91.8% |
| Operating cash flow (approximation) | €13,858 | €30,528 | €149,249 | €437,637 | €529,743 | ▲ 21.0% |
| Investment in fixed assets (approximation) | - | - | - | -€206,528 | -€75,923 | ▲ 63.2% |
| Change in cash | - | €12,418 | €55,779 | €183,087 | €298,671 | ▲ 63.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,602 companies had the same profile as NDMaxfac has now. Two years later, 96.6% were still going and 2.3% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of NDMaxfac itself is lower: 0.3% within 12 months. It rests on far more data about NDMaxfac than the profile alone.
Test of the method
The method was tested on the 497,446 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 1,602 companies, not a prediction for NDMaxfac. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00481135 | |
| 31-12-2024 | micro format | 22-08-2025 | 2025-00391836 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00369691 | |
| 31-12-2022 | micro format | 21-08-2023 | 2023-00337761 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20340779 |
Timeline
Acts, filings and financial milestones
07-07
Gazette deed
Registered office moved within BonheidenNew seat: Vijverstein 15 te 2820 Bonheiden · Previous seat: Vijvertein 23 te 2820 Bonheiden2 points ▸
- Board meeting, 16-06-2025
- Registered-office move, Vijverstein 15 te 2820 Bonheiden
23-09
Gazette deed
Registered office moved from Meise to BonheidenNew seat: Vijverstein 23 te 2820 Bonheiden · Previous seat: De Spanjaard 2 te 1860 Meise1 point ▸
- Registered-office move, Vijverstein 23 te 2820 Bonheiden
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- De Spanjaard 2, 1860 Meise until 03-05-2024 · act of 23-09-2024
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12005C0576/00A000 | Flanders | 1.6 ha | 1 · 289 m² | 8.6 m · 2 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.