O2 MAX
ActiveSummary
O2 MAX has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €138,851 and a net result of €8,393. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+1
Solvency58▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.53 in 2023; short-term debt: 31.2% and cash: 0.1% of total assets), but 67% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
33%
Return on assets
2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
34 d early
2022
32 d early
2021
38 d early
2020
33 d early
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8,393▲ 139%
2023 · €3,517
Working capital
€75,050▼ 7.6%
2023 · €81,206
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€56,388▲ 138%€15,140▼ 73.2%-€15,776€9,463€14,291▲ 51.0%
Net result€41,996▲ 125%-€13,291-€22,066▼ 66.0%€3,517€8,393▲ 139%
Equity€162,299▲ 26.5%€149,008▼ 8.2%€126,941▼ 14.8%€130,458▲ 2.8%€138,851▲ 6.4%
Total assets€500,419▲ 2.2%€547,042▲ 9.3%€504,194▼ 7.8%€478,786▼ 5.0%€420,508▼ 12.2%
Debt€338,119▼ 6.4%€398,034▲ 17.7%€377,252▼ 5.2%€348,328▼ 7.7%€281,657▼ 19.1%
Working capital€115,025▲ 42.6%€69,756▼ 39.4%€76,280▲ 9.4%€81,206▲ 6.5%€75,050▼ 7.6%
Staff (FTE)1.5▲ 25.0%1.8▲ 20.0%2.1▲ 16.7%1.8▼ 14.3%1.8=
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 51% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €420,508
Fixed assets
€214,363 ▼ 12.4%
Current assets
€206,146 ▼ 11.9%
Equity and liabilities €420,508
Equity
€138,851 ▲ 6.4%
Debt
€281,657 ▼ 19.1%
Debt's share of the balance-sheet total falls from 72.8% to 67.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48,847▲
2023 · €43,569
Cash flow
€42,949▲
2023 · €37,623
Current ratio
1.57▲
2023 · 1.53
Quick ratio
0.04▼
2023 · 0.24
Debt to equity
2.03▼
2023 · 2.67
ROE
6.0%▲
2023 · 2.7%
ROA
2.0%▲
2023 · 0.7%
Interest coverage
7.86▲
2023 · 6.32
Debt ≤ 1 year
€131,096▼
2023 · €152,880
Debt > 1 year
€128,449▼
2023 · €170,445
Income taxes
€588▲
2023 · €83
Staff costs
€92,220▲
2023 · €83,995
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,100 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €76,980 | €85,317 | €83,995 | €92,220 | ▲ 9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,238 | €35,816 | €33,806 | €34,106 | €34,556 | ▲ 1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,281 | -€3,678 | €0 | €20 | - |
| Other operating charges640/8 | - | €1,049 | €952 | €1,279 | €626 | ▼ 51.0% |
| Non-recurring operating charges66A | - | - | €5,140 | €0 | €195 | - |
| Gross operating margin9900 | €121,936 | €130,264 | €105,760 | €128,843 | €141,909 | ▲ 10.1% |
| Operating profit (loss)9901 | €56,388 | €15,140 | -€15,776 | €9,463 | €14,291 | ▲ 51.0% |
| Financial income75/76B | - | €9,725 | €1,135 | €1,032 | €901 | ▼ 12.7% |
| Recurring financial income75 | €890 | €9,725 | €1,135 | €1,032 | €901 | ▼ 12.7% |
| Financial charges65/66B | - | €33,549 | €7,425 | €6,895 | €6,211 | ▼ 9.9% |
| Recurring financial charges65 | €7,459 | €8,049 | €7,425 | €6,895 | €6,211 | ▼ 9.9% |
| Non-recurring financial charges66B | - | €25,500 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €49,819 | -€8,685 | -€22,066 | €3,600 | €8,981 | ▲ 149% |
| Income taxes67/77 | €7,823 | €4,607 | €0 | €83 | €588 | ▲ 606% |
| Profit (loss) for the period9904 | €41,996 | -€13,291 | -€22,066 | €3,517 | €8,393 | ▲ 139% |
| Profit (loss) for the period to be appropriated9905 | €41,996 | -€13,291 | -€22,066 | €3,517 | €8,393 | ▲ 139% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €500,419 | €547,042 | €504,194 | €478,786 | €420,508 | ▼ 12.2% |
| Fixed assets21/28 | €292,250 | €333,071 | €270,379 | €244,700 | €214,363 | ▼ 12.4% |
| Intangible fixed assets21 | €956 | €3,878 | €2,211 | €8,672 | €5,474 | ▼ 36.9% |
| Tangible fixed assets22/27 | €265,794 | €329,193 | €268,168 | €236,028 | €208,889 | ▼ 11.5% |
| Land and buildings22 | - | €247,728 | €228,747 | €209,858 | €192,831 | ▼ 8.1% |
| Furniture and vehicles24 | - | €81,465 | €39,420 | €26,170 | €16,058 | ▼ 38.6% |
| Financial fixed assets28 | €25,500 | €0 | - | - | - | - |
| Current assets29/58 | €208,169 | €213,971 | €233,815 | €234,086 | €206,146 | ▼ 11.9% |
| Stocks and contracts in progress3 | €130,467 | €157,320 | €187,966 | €197,310 | €200,641 | ▲ 1.7% |
| Stocks30/36 | - | €157,320 | €187,966 | €197,310 | €200,641 | ▲ 1.7% |
| Amounts receivable within one year40/41 | €2,671 | €30,459 | €31,589 | €26,022 | €1,573 | ▼ 94.0% |
| Trade receivables40 | - | €6,066 | €4,814 | €3,640 | €1,573 | ▼ 56.8% |
| Other amounts receivable41 | - | €24,393 | €26,776 | €22,382 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €74,523 | €23,677 | €12,254 | €7,706 | €262 | ▼ 96.6% |
| Deferred charges and accrued income490/1 | - | €2,515 | €2,005 | €3,048 | €3,670 | ▲ 20.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €500,419 | €547,042 | €504,194 | €478,786 | €420,508 | ▼ 12.2% |
| Equity10/15 | €162,299 | €149,008 | €126,941 | €130,458 | €138,851 | ▲ 6.4% |
| Contributions10/11 | - | €40,100 | €40,100 | €40,100 | €40,100 | = |
| Reserves13 | €4,010 | €4,010 | €4,010 | €4,010 | €4,010 | = |
| Non-distributable reserves130/1 | - | €4,010 | €4,010 | €0 | - | - |
| Reserves not available under the articles1311 | - | €4,010 | €4,010 | €0 | - | - |
| Distributable reserves133 | - | - | - | €4,010 | €4,010 | = |
| Profit (loss) carried forward14 | €118,189 | €104,898 | €82,831 | €86,348 | €94,741 | ▲ 9.7% |
| Amounts payable17/49 | €338,119 | €398,034 | €377,252 | €348,328 | €281,657 | ▼ 19.1% |
| Amounts payable after more than one year17 | €244,976 | €253,819 | €219,717 | €170,445 | €128,449 | ▼ 24.6% |
| Financial debts170/4 | - | €253,819 | €219,717 | €170,445 | €128,449 | ▼ 24.6% |
| Amounts payable within one year42/48 | €93,144 | €144,215 | €157,535 | €152,880 | €131,096 | ▼ 14.2% |
| Current portion of amounts payable after more than one year42 | - | €42,268 | €48,958 | €49,772 | €41,996 | ▼ 15.6% |
| Financial debts43 | - | - | - | €2,000 | €5,613 | ▲ 181% |
| Credit institutions430/8 | - | - | - | €2,000 | €5,613 | ▲ 181% |
| Trade debts44 | €29,269 | €67,587 | €69,953 | €65,457 | €40,118 | ▼ 38.7% |
| Suppliers440/4 | - | €67,587 | €69,953 | €65,457 | €40,118 | ▼ 38.7% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €19,538 | €26,356 | €30,502 | €34,664 | ▲ 13.6% |
| Taxes450/3 | - | €6,788 | €15,222 | €11,182 | €15,845 | ▲ 41.7% |
| Remuneration and social security454/9 | - | €12,750 | €11,134 | €19,320 | €18,819 | ▼ 2.6% |
| Other amounts payable47/48 | - | €14,823 | €12,269 | €5,149 | €8,704 | ▲ 69.0% |
| Accrued charges and deferred income492/3 | - | - | - | €25,003 | €22,113 | ▼ 11.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,996 | -€13,291 | -€22,066 | €3,517 | €8,393 | ▲ 139% |
| + Depreciation and write-downs630 | €23,238 | €35,816 | €33,806 | €34,106 | €34,556 | ▲ 1.3% |
| Operating cash flow (approximation) | €65,234 | €22,524 | €11,740 | €37,623 | €42,949 | ▲ 14.2% |
| Investment in fixed assets (approximation) | - | -€76,636 | €28,886 | -€8,428 | -€4,219 | ▲ 49.9% |
| Change in cash | - | -€50,846 | -€11,422 | -€4,549 | -€7,444 | ▼ 63.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €3,517
Net result €3,517 after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€22,066
Net result drops to -€22,066, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €41,996 ▲125%
Operating result €56,388, net result €41,996, both a record.
31-12
Financial
Equity above €150,000Eq €162,299 ▲26.5%
3 profitable years in a row build equity to €162,299.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Charleroi · 1 establishment unit since 2011
Ground area
331 m²
Building footprint
194 m²
Volume, LiDAR
1,697 m³
2 parcels, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
O2 MAX
since 20112.195.171.663
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52050A0544/00M004 | Wallonia | 220 m² | 1 · 69 m² | 11.5 m · 3 fl. |
| 52050A0483/00F034 | Wallonia | 111 m² | 1 · 125 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,314 companies in sector 47639 we hold annual accounts for 624. 509 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47639Retail sale of other sporting goods
79110Travel agency activities
85599Other education
93110Operation of sports facilities
93199Other sports activities
Scores and ratios are computed by Checked and are not a credit decision.