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THEMAX

Active Risk: not assessed
Private limited companyfounded 20197 yrs activeDertien Eikenlaan 14, 2820 Bonheiden, BelgiumKBO/BCE: BE 0717.731.902
Summary

THEMAX has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €853,675 and a net result of €327,480. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 58% of 31942 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
26 d early
2024
43 d early
2023
21 d early
2022
31 d early
2021
32 d early
2020
34 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 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

THEMAX was incorporated on 7 January 2019.1 Total assets rose from EUR 456,306 in 2020 to EUR 1.3 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€853,675▲ 5.2%
2024 · €811,195
Total assets
€1.3m▲ 39.8%
2024 · €949,545
Net result
€327,480▲ 875%
2024 · €33,593
Working capital
€97,277▲ 111%
2024 · €46,195
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€3,817▼ 196%-€821▲ 78.5%-€9,601▼ 1,069%-€6,463▲ 32.7%€419,257
Net result€10,292within the sector's middle half€285,652above the sector's middle half▲ 2,675%€26,294within the sector's middle half▼ 90.8%€33,593within the sector's middle half▲ 27.8%€327,480above the sector's middle half▲ 875%
Equity€465,656above the sector's middle half▲ 8,582%€751,308above the sector's middle half▲ 61.3%€777,602above the sector's middle half▲ 3.5%€811,195above the sector's middle half▲ 4.3%€853,675above the sector's middle half▲ 5.2%
Total assets€916,718above the sector's middle half▲ 101%€916,870above the sector's middle half=€917,264above the sector's middle half=€949,545above the sector's middle half▲ 3.5%€1.3mabove the sector's middle half▲ 39.8%
Debt€451,062=€165,562▼ 63.3%€139,662▼ 15.6%€138,350▼ 0.9%€474,080▲ 243%
Working capital-€299,344below the sector's middle half▲ 3.0%-€13,692below the sector's middle half▲ 95.4%€12,602within the sector's middle half€46,195within the sector's middle half▲ 267%€97,277within the sector's middle half▲ 111%
Solvency50.8%within the sector's middle half▲ 49.6pp81.9%above the sector's middle half▲ 31.1pp84.8%above the sector's middle half▲ 2.8pp85.4%above the sector's middle half▲ 0.7pp64.3%within the sector's middle half▼ 21.1pp
Current ratio0.05below the sector's middle half▲ 0.030.55below the sector's middle half▲ 0.503.70within the sector's middle half▲ 3.1514.79above the sector's middle half▲ 11.091.30within the sector's middle half▼ 13.49
Return on assets (ROA)1.1%below the sector's middle half▲ 2.7pp31.2%above the sector's middle half▲ 30.0pp2.9%within the sector's middle half▼ 28.3pp3.5%within the sector's middle half▲ 0.7pp24.7%within the sector's middle half▲ 21.1pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000Operating result 2021: -€3,817-€3,817Net result 2021: €10,292€10,292Operating result 2022: -€821-€821Net result 2022: €285,652€285,652Operating result 2023: -€9,601-€9,601Net result 2023: €26,294€26,294Operating result 2024: -€6,463-€6,463Net result 2024: €33,593€33,593Operating result 2025: €419,257€419,257Net result 2025: €327,480€327,48020212022202320242025-€200,000€0€200,000€400,000Operating result 2023: -€9,601-€9,600Net result 2023: €26,294€26,300Operating result 2024: -€6,463-€6,460Net result 2024: €33,593€33,600Operating result 2025: €419,257€419,000Net result 2025: €327,480€327,000202320242025
The operating result returns to profit in 2025: €419,257 after a loss of €6,463 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets €901,590 ▲ 0.2%
Current assets €426,165 ▲ 760%
Equity and liabilities €1.3m
Equity €853,675 ▲ 5.2%
Debt €474,080 ▲ 243%
Debt's share of the balance-sheet total rises from 14.6% to 35.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
ROE
38.4%▲
2024 · 4.1%
Debt ≤ 1 year
€328,888▲
2024 · €3,350
Debt > 1 year
€135,000=
2024 · €135,000
Income taxes
€125,021▲
2024 · €3,350
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€949,545€1.3m▲
Fixed assets21/28€900,000€901,590▲
Tangible fixed assets22/27-€1,590
Furniture and vehicles24-€1,590
Financial fixed assets28€900,000€900,000=
Current assets29/58€49,545€426,165▲
Amounts receivable within one year40/41-€26,739
Trade receivables40-€18,775
Other amounts receivable41-€7,965
Current investments50/53-€48,752
Cash at bank and in hand54/58€49,545€305,857▲
Deferred charges and accrued income490/1-€44,817
Equity and liabilities
Total equity and liabilities10/49€949,545€1.3m▲
Equity10/15€811,195€853,675▲
Contributions10/11€462,400€462,400=
Reserves13€348,795€391,275▲
Distributable reserves133€348,795€391,275▲
Profit (loss) carried forward14-€0
Amounts payable17/49€138,350€474,080▲
Amounts payable after more than one year17€135,000€135,000=
Financial debts170/4€135,000€135,000=
Amounts payable within one year42/48€3,350€328,888▲
Trade debts44-€2,650
Suppliers440/4-€2,650
Taxes, remuneration and social security45€3,350€41,238▲
Taxes450/3€3,350€41,238▲
Other amounts payable47/48€0€285,000▲
Accrued charges and deferred income492/3-€10,193
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€548
Other operating charges640/8€1,069€1,546▲
Gross operating margin9900-€5,394€421,351▲
Operating profit (loss)9901-€6,463€419,257▲
Financial income75/76B€43,452€45,065▲
Recurring financial income75€43,452€45,065▲
Financial charges65/66B€46€11,821▲
Recurring financial charges65€46€11,821▲
Profit (loss) for the period before taxes9903€36,943€452,500▲
Income taxes67/77€3,350€125,021▲
Profit (loss) for the period9904€33,593€327,480▲
Profit (loss) for the period to be appropriated9905€33,593€327,480▲
Appropriation of the result
Profit (loss) to be appropriated9906€33,593€327,480▲
Transfer from equity791/2-€285,000
Transfer to equity691/2€33,593€327,480▲
To other reserves6921€33,593€327,480▲
Profit to be distributed694/7-€285,000
Return on contributions (dividend)694-€285,000

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630----€548-
Other operating charges640/8-€101€450€1,069€1,546▲ 44.6%
Gross operating margin9900-€3,567-€720-€9,151-€5,394€421,351▲ 7,911%
Operating profit (loss)9901-€3,817-€821-€9,601-€6,463€419,257▲ 6,587%
Financial income75/76B-€315,000€38,541€43,452€45,065▲ 3.7%
Recurring financial income75€15,953€315,000€38,541€43,452€45,065▲ 3.7%
Financial charges65/66B-€26€46€46€11,821▲ 25,421%
Recurring financial charges65€1,843€26€46€46€11,821▲ 25,421%
Profit (loss) for the period before taxes9903€10,292€314,152€28,894€36,943€452,500▲ 1,125%
Income taxes67/77-€28,500€2,600€3,350€125,021▲ 3,632%
Profit (loss) for the period9904€10,292€285,652€26,294€33,593€327,480▲ 875%
Profit (loss) for the period to be appropriated9905€10,292€285,652€26,294€33,593€327,480▲ 875%
Line20212022202320242025Change
Assets
Total assets20/58€916,718€916,870€917,264€949,545€1.3m▲ 39.8%
Fixed assets21/28€900,000€900,000€900,000€900,000€901,590▲ 0.2%
Tangible fixed assets22/27----€1,590-
Furniture and vehicles24----€1,590-
Financial fixed assets28€900,000€900,000€900,000€900,000€900,000=
Current assets29/58€16,718€16,870€17,264€49,545€426,165▲ 760%
Amounts receivable within one year40/41----€26,739-
Trade receivables40----€18,775-
Other amounts receivable41----€7,965-
Current investments50/53----€48,752-
Cash at bank and in hand54/58€16,718€16,870€17,264€49,545€305,857▲ 517%
Deferred charges and accrued income490/1----€44,817-
Equity and liabilities
Total equity and liabilities10/49€916,718€916,870€917,264€949,545€1.3m▲ 39.8%
Equity10/15€465,656€751,308€777,602€811,195€853,675▲ 5.2%
Contributions10/11-€462,400€462,400€462,400€462,400=
Reserves13€3,256€288,908€315,202€348,795€391,275▲ 12.2%
Distributable reserves133-€288,908€315,202€348,795€391,275▲ 12.2%
Profit (loss) carried forward14----€0-
Amounts payable17/49€451,062€165,562€139,662€138,350€474,080▲ 243%
Amounts payable after more than one year17€135,000€135,000€135,000€135,000€135,000=
Financial debts170/4-€135,000€135,000€135,000€135,000=
Amounts payable within one year42/48€316,062€30,562€4,662€3,350€328,888▲ 9,718%
Trade debts44----€2,650-
Suppliers440/4----€2,650-
Taxes, remuneration and social security45-€28,500€2,600€3,350€41,238▲ 1,131%
Taxes450/3-€28,500€2,600€3,350€41,238▲ 1,131%
Other amounts payable47/48-€2,062€2,062€0€285,000-
Accrued charges and deferred income492/3----€10,193-
Line20212022202320242025Change
Profit (loss) for the period9904€10,292€285,652€26,294€33,593€327,480▲ 875%
+ Depreciation and write-downs630----€548-
Operating cash flow (approximation)€10,292€285,652€26,294€33,593€328,028▲ 876%
Investment in fixed assets (approximation)-€0€0€0-€2,138-
Change in cash-€152€394€32,281€256,312▲ 694%

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 31-01-2027
2026
05-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial Highest result since 2020net €327,480 ▲875%
Operating result €419,257, net result €327,480, both a record.
2024
19-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial Liquidity quadruplescurrent ratio 14.79
Current ratio from 3.70 to 14.79; short-term debt falls from €4,662 to €3,350.
10-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial Liquidity times 7current ratio 3.70
Current ratio from 0.55 to 3.70; short-term debt falls from €30,562 to €4,662.
2022
31-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial Equity above €500,000Eq €751,308 ▲61.3%
2 profitable years in a row build equity to €751,308.
2021
30-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial Back to profitnet €10,292
Net result €10,292 after one loss-making year.
30-06
Financial Equity above €200,000Eq €465,656 ▲8,582%
Equity rises from €5,364 to €465,656.
2020
28-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Bonheiden · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
1,750 m²
Building footprint
236 m²
Volume, LiDAR
1,288 m³
Parcel 12005C0200/00N002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THEMAX
Dertien Eikenlaan 14, 2820 BonheidenHoldings
since 20192.287.007.404
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12005C0200/00N002 Flanders 1,749 m² 1 · 236 m² 8.3 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 30-06-2025 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 30-06-2025 of THEMAX 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 82,642 companies in sector 70200 we hold annual accounts for 52,626. 29,587 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
Founded07-01-2019
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0717731902
Also 9925:BE0717731902
Registered 10-12-2025

Register as of 28 September 2026 · Peppol Directory

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