T-MAX FREIGHT
ActiveThe computed 12-month bankruptcy probability of T-MAX FREIGHT is 4.7% (elevated). The 2026 annual accounts show equity of €44k and a net result of €13k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 37% of 54 sector peers (fiscal year 2026). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability76▲+2
Solvency44▲+6
Growth52=
Track record94
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity tight (current ratio 1.41 against 0.86 in 2025; short-term debt: 23.9% and cash: 7.3% of total assets), and 81.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
18.9%
Return on assets
5.6%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 10-09-2026, 51 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2026
51 d early
2025
43 d early
2024
53 d early
2023
48 d early
2022
48 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€44k▲ 42.2%
2025 · €31k
2022: €23k
2023: €40k
2024: €44k
2025: €31k
2022 → 2026
Total assets
€233k▼ 2.7%
2025 · €240k
2022: €69k
2023: €74k
2024: €58k
2025: €240k
2022 → 2026
Net result
€13k▲ 33.8%
2025 · €10k
2022: €18k
2023: €18k
2024: €4k
2025: €10k
2022 → 2026
Working capital
€23k
2025 · €-8k
2022: €-11k
2023: €8k
2024: €23k
2025: €-8k
2022 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€23k-€40k▲ 77.1%€44k▲ 9.9%€31k▼ 29.9%€44k▲ 42.2%
Operating result€26k-€23k▼ 8.2%€6k▼ 73.7%€16k▲ 159%€21k▲ 33.9%
Net result€18k-€18k▼ 1.2%€4k▼ 77.3%€10k▲ 146%€13k▲ 33.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 34% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €233k
Fixed assets
€155k▼ 18.5%
Current assets
€78k▲ 57.7%
Equity and liabilities €233k
Equity
€44k▲ 42.2%
Debt
€189k▼ 9.4%
The debt ratio falls from 87.1% to 81.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€58k▲
2025 · €29k
Cash flow
€50k▲
2025 · €23k
Solvency
18.9%▲
2025 · 12.9%
Current ratio
1.41▲
2025 · 0.86
Quick ratio
1.41▲
2025 · 0.86
Debt / equity
4.30▼
2025 · 6.75
ROE
29.7%▼
2025 · 31.6%
ROA
5.6%▲
2025 · 4.1%
Interest coverage
14.32▲
2025 · 10.84
Debt
€189k▼
2025 · €209k
Debt ≤ 1 year
€56k▼
2025 · €58k
Debt > 1 year
€134k▼
2025 · €151k
Income taxes
€4k▲
2025 · €3k
Staff costs
€14k▲
2025 · €63
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€240k€233k▼
Fixed assets21/28€190k€155k▼
Tangible fixed assets22/27€179k€141k▼
Furniture and vehicles24€2k€756▼
Leasing and similar rights25€177k€141k▼
Financial fixed assets28€12k€14k▲
Current assets29/58€50k€78k▲
Amounts receivable within one year40/41€27k€59k▲
Trade receivables40€27k€54k▲
Other amounts receivable41-€5k
Cash at bank and in hand54/58€20k€17k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€240k€233k▼
Equity10/15€31k€44k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€26k€39k▲
Amounts payable17/49€209k€189k▼
Amounts payable after more than one year17€151k€134k▼
Financial debts170/4€151k€134k▼
Amounts payable within one year42/48€58k€56k▼
Current portion of amounts payable after more than one year42€30k€26k▼
Trade debts44€6k€7k▲
Suppliers440/4€6k€7k▲
Taxes, remuneration and social security45€14k€18k▲
Taxes450/3€14k€11k▼
Remuneration and social security454/9-€7k
Other amounts payable47/48€8k€5k▼
Income statement
Code20252026
Remuneration, social security and pensions62€63€14k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€37k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€32k€74k▲
Operating profit (loss)9901€16k€21k▲
Financial income75/76B€3€1▼
Recurring financial income75€3€1▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€13k€17k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€10k€13k▲
Profit (loss) for the period to be appropriated9905€10k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€39k▼
Profit (loss) brought forward from the previous period14P€39k€26k▼
Profit to be distributed694/7€23k-
Return on contributions (dividend)694€23k-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €4k ▼77.3%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity doublescurrent ratio 2.66
Current ratio from 1.23 to 2.66; short-term debt falls from €34k to €14k.
2023
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
13-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Jette · 1 establishment unit since 2020
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.
Firmin Lecharlierlaan 1391090 JetteGround area
594 m²
Building footprint
287 m²
Volume, LiDAR
3,910 m³
Parcel 21464F0017/00G004, Brussels · tallest building 19.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
T-MAX FREIGHT
since 20202.310.548.116
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464F0017/00G004 | Brussels | 594 m² | 1 · 287 m² | 19.3 m · 6 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
TRUCK PARKING GENT
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SSE Deliveries
BE 0688.573.997
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YT GROUP
BE 1015.948.504
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MTI
BE 0754.868.351
Hamme (Vl.) · Eq €44k
Of 12,603 companies in sector 49410 we hold annual accounts for 8,194. 5,908 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-10-2020
Fiscal year end31-03
Activities, NACEBEL
49410Freight transport by road
52210Service activities incidental to land transportation
52250Logistics services
52290Warehousing and support activities for transportation
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.