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NELIAMAX

Active
Public limited companyfounded 20223 yrs activeParc Ind. des Hauts Sarts, 1e av 25, 4040 Herstal, BelgiumKBO/BCE: BE 0795.236.484
Summary

NELIAMAX has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €448,271 and a net result of €137,377. Equity is growing by ~41.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 5071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability93=
Solvency88▲+13
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.56 against 1.86 in 2024; short-term debt: 36.8% and cash: 13.7% of total assets), and 36.8% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
63.2%
Return on assets
19.4%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 06-07-2026, 25 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
25 d early
2024
50 d early
2023
57 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 44 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed 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. Usually files around 11 June (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 22 December 2022, NELIAMAX was incorporated as a Public limited company.1 Total assets went from EUR 694,825 in 2023 to EUR 709,447 in 2025 and headcount from 7.3 to 5.8 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€137,377▲ 14.5%
2024 · €119,963
Working capital
€406,307▲ 52.4%
2024 · €266,688
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€102,533-€97,742▼ 4.7%€118,425▲ 21.2%
Net result€129,432within the sector's middle half-€119,963within the sector's middle half▼ 7.3%€137,377within the sector's middle half▲ 14.5%
Equity€190,932below the sector's middle half-€310,894within the sector's middle half▲ 62.8%€448,271within the sector's middle half▲ 44.2%
Total assets€694,825below the sector's middle half-€619,485below the sector's middle half▼ 10.8%€709,447below the sector's middle half▲ 14.5%
Debt€503,893-€308,591▼ 38.8%€261,176▼ 15.4%
Working capital€141,695within the sector's middle half-€266,688within the sector's middle half▲ 88.2%€406,307within the sector's middle half▲ 52.4%
Solvency27.5%within the sector's middle half-50.2%within the sector's middle half▲ 22.7pp63.2%within the sector's middle half▲ 13.0pp
Current ratio1.28within the sector's middle half-1.86within the sector's middle half▲ 0.582.56within the sector's middle half▲ 0.69
Return on assets (ROA)18.6%above the sector's middle half-19.4%above the sector's middle half▲ 0.7pp19.4%above the sector's middle half=
Staff (FTE)7.3within the sector's middle half-7.9within the sector's middle half▲ 8.2%5.8within the sector's middle half▼ 26.6%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000€150,000Operating result 2023: €102,533€102,533Net result 2023: €129,432€129,432Operating result 2024: €97,742€97,742Net result 2024: €119,963€119,963Operating result 2025: €118,425€118,425Net result 2025: €137,377€137,377202320242025€0€50,000€100,000€150,000Operating result 2023: €102,533€103,000Net result 2023: €129,432€129,000Operating result 2024: €97,742€97,700Net result 2024: €119,963€120,000Operating result 2025: €118,425€118,000Net result 2025: €137,377€137,000202320242025
The operating result recovers in 2025; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €709,447
Fixed assets €41,964 ▼ 5.1%
Current assets €667,483 ▲ 16.0%
Equity and liabilities €709,447
Equity €448,271 ▲ 44.2%
Debt €261,176 ▼ 15.4%
Debt's share of the balance-sheet total falls from 49.8% to 36.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€123,737▲
2024 · €102,773
Cash flow
€142,689▲
2024 · €124,994
Debt to equity
0.58▼
2024 · 0.99
ROE
30.6%▼
2024 · 38.6%
Interest coverage
17.14▲
2024 · 11.13
Debt ≤ 1 year
€261,176▼
2024 · €308,591
Income taxes
€47,812▲
2024 · €45,395
Staff costs
€301,199▼
2024 · €331,557
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€619,485€709,447▲
Fixed assets21/28€44,206€41,964▼
Tangible fixed assets22/27€44,206€41,964▼
Land and buildings22€44,206€41,964▼
Current assets29/58€575,279€667,483▲
Amounts receivable within one year40/41€455,971€566,495▲
Trade receivables40€453,383€565,045▲
Other amounts receivable41€2,588€1,450▼
Cash at bank and in hand54/58€117,714€97,131▼
Deferred charges and accrued income490/1€1,594€3,857▲
Equity and liabilities
Total equity and liabilities10/49€619,485€709,447▲
Equity10/15€310,894€448,271▲
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€206,150€356,150▲
Non-distributable reserves130/1€6,150€6,150=
Legal reserve130€6,150€6,150=
Distributable reserves133€200,000€350,000▲
Profit (loss) carried forward14€43,244€30,621▼
Amounts payable17/49€308,591€261,176▼
Amounts payable within one year42/48€308,591€261,176▼
Trade debts44€233,085€196,279▼
Suppliers440/4€233,085€196,279▼
Taxes, remuneration and social security45€75,506€64,897▼
Taxes450/3€33,746€31,773▼
Remuneration and social security454/9€41,760€33,124▼
Income statement Code20242025
Remuneration, social security and pensions62€331,557€301,199▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,031€5,312▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€10,573
Other operating charges640/8€5,918€1,044▼
Gross operating margin9900€440,248€436,553▼
Operating profit (loss)9901€97,742€118,425▲
Financial income75/76B€76,853€73,983▼
Recurring financial income75€76,853€73,983▼
Financial charges65/66B€9,237€7,219▼
Recurring financial charges65€9,237€7,219▼
Profit (loss) for the period before taxes9903€165,358€185,189▲
Income taxes67/77€45,395€47,812▲
Profit (loss) for the period9904€119,963€137,377▲
Profit (loss) for the period to be appropriated9905€119,963€137,377▲
Appropriation of the result
Profit (loss) to be appropriated9906€143,244€180,621▲
Profit (loss) brought forward from the previous period14P€23,281€43,244▲
Transfer to equity691/2€100,000€150,000▲
To other reserves6921€100,000€150,000▲
Social balance
Average headcount (FTE)90877.95.8▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62€341,941€331,557€301,199▼ 9.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,074€5,031€5,312▲ 5.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€10,573-
Other operating charges640/8€1,573€5,918€1,044▼ 82.4%
Gross operating margin9900€447,121€440,248€436,553▼ 0.8%
Operating profit (loss)9901€102,533€97,742€118,425▲ 21.2%
Financial income75/76B€81,852€76,853€73,983▼ 3.7%
Recurring financial income75€81,852€76,853€73,983▼ 3.7%
Financial charges65/66B€8,302€9,237€7,219▼ 21.8%
Recurring financial charges65€8,302€9,237€7,219▼ 21.8%
Profit (loss) for the period before taxes9903€176,083€165,358€185,189▲ 12.0%
Income taxes67/77€46,651€45,395€47,812▲ 5.3%
Profit (loss) for the period9904€129,432€119,963€137,377▲ 14.5%
Profit (loss) for the period to be appropriated9905€129,432€119,963€137,377▲ 14.5%
Line202320242025Change
Assets
Total assets20/58€694,825€619,485€709,447▲ 14.5%
Fixed assets21/28€49,237€44,206€41,964▼ 5.1%
Tangible fixed assets22/27€49,237€44,206€41,964▼ 5.1%
Land and buildings22€49,237€44,206€41,964▼ 5.1%
Current assets29/58€645,588€575,279€667,483▲ 16.0%
Amounts receivable within one year40/41€491,528€455,971€566,495▲ 24.2%
Trade receivables40€489,451€453,383€565,045▲ 24.6%
Other amounts receivable41€2,077€2,588€1,450▼ 44.0%
Cash at bank and in hand54/58€152,024€117,714€97,131▼ 17.5%
Deferred charges and accrued income490/1€2,036€1,594€3,857▲ 142%
Equity and liabilities
Total equity and liabilities10/49€694,825€619,485€709,447▲ 14.5%
Equity10/15€190,932€310,894€448,271▲ 44.2%
Contributions10/11€61,500€61,500€61,500=
Capital10€61,500€61,500€61,500=
Issued capital100€61,500€61,500€61,500=
Reserves13€106,150€206,150€356,150▲ 72.8%
Non-distributable reserves130/1€6,150€6,150€6,150=
Legal reserve130€6,150€6,150€6,150=
Distributable reserves133€100,000€200,000€350,000▲ 75.0%
Profit (loss) carried forward14€23,282€43,244€30,621▼ 29.2%
Amounts payable17/49€503,893€308,591€261,176▼ 15.4%
Amounts payable within one year42/48€503,893€308,591€261,176▼ 15.4%
Trade debts44€430,765€233,085€196,279▼ 15.8%
Suppliers440/4€430,765€233,085€196,279▼ 15.8%
Taxes, remuneration and social security45€72,618€75,506€64,897▼ 14.1%
Taxes450/3€24,443€33,746€31,773▼ 5.8%
Remuneration and social security454/9€48,175€41,760€33,124▼ 20.7%
Other amounts payable47/48€510---
Line202320242025Change
Profit (loss) for the period9904€129,432€119,963€137,377▲ 14.5%
+ Depreciation and write-downs630€1,074€5,031€5,312▲ 5.6%
Operating cash flow (approximation)€130,506€124,994€142,689▲ 14.2%
Investment in fixed assets (approximation)-€0-€3,070-
Change in cash--€34,310-€20,583▲ 40.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
06-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Highest result since 2023net €137,377 ▲14.5%
Operating result €118,425, net result €137,377, both a record.
11-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Weakest financial yearnet €119,963 ▼7.3%
Net result drops to €119,963, the lowest in the series; recovery starts the following year.
31-12
Financial Equity above €200,000Eq €310,894 ▲62.8%
2 profitable years in a row build equity to €310,894.
04-06
NBB filing Annual accounts filed
fiscal year 2023 · full 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Herstal · 1 establishment unit since 2023
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Parc Ind. des Hauts Sarts, 1e av 254040 Herstal
1 establishment unit
Parc Ind. des Hauts Sarts, 1e av 25, 4040 Herstal
Agents in the wholesale of timber and building materials
since 20232.339.156.978

Structure & network

Owners and holdings

1 owner

Chain of control

  1. BatiCentro 100%
  2. NELIAMAX

Highest known parent: BatiCentro. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of NELIAMAX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 1,136 companies in sector 46130 we hold annual accounts for 647. 451 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded22-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
46831Wholesale of construction materials, general range
46190Agents in non-specialised wholesale trade
49410Freight transport by road
77400Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0795236484
Also 9925:BE0795236484
Registered 21-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.