TOOLMAX
ActiveSummary
TOOLMAX has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,690 and a net result of €171. Equity remains stable across the filed financial years (±1.5% per year). Its solvency ranks better than 21% of 465 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €23,690
- Profit
- €171
Why 81raises riskSector: Manufacture of machinery and equipment not elsewhere classified (NACE 28)Equity €23,690 (16.4% of total assets)lowers riskFounded in 1993Size: total assets €144,110Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 28, micro): better than 23% on solvency, 5% on liquidity, 23% on profitability and 41% on growth.
The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 32 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet €0 ▼25.9%
Financials · financial year 2025, micro format
2025 annual accounts filed late (6 days) Filed on 6 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00037182.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 28, Manufacture of machinery and equipment not elsewhere classified: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.5% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,984 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €111 | €112 | €415 | €126 | ▼ 69.6% |
| Gross operating margin9900 | €4,282 | €5,312 | €4,975 | €4,313 | €5,252 | €8,070 | €7,832 | ▼ 2.9% |
| Operating profit (loss)9901 | €4,124 | €5,150 | €4,866 | €4,202 | €5,140 | €7,655 | €7,706 | ▲ 0.7% |
| Financial charges65/66B | - | - | - | €3,636 | €5,140 | €7,654 | €7,535 | ▼ 1.6% |
| Recurring financial charges65 | €3,720 | €4,431 | €4,006 | €3,636 | €5,140 | €7,654 | €7,535 | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | €404 | €719 | €860 | €566 | €0 | €0 | €171 | ▲ 856× |
| Profit (loss) for the period9904 | €404 | €719 | €860 | €566 | €0 | €0 | €171 | ▲ 856× |
| Profit (loss) for the period to be appropriated9905 | €404 | €719 | €860 | €566 | €0 | €0 | €171 | ▲ 856× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €112,398 | €119,874 | €127,258 | €133,287 | €120,587 | €134,430 | €144,110 | ▲ 7.2% |
| Fixed assets21/28 | €112 | €112 | €112 | €112 | €112 | €112 | €112 | = |
| Financial fixed assets28 | €112 | €112 | €112 | €112 | €112 | €112 | €112 | = |
| Current assets29/58 | €112,287 | €119,762 | €127,146 | €133,175 | €120,475 | €134,318 | €143,999 | ▲ 7.2% |
| Amounts receivable within one year40/41 | €110,031 | €119,667 | €127,140 | €129,968 | €120,129 | €133,486 | €143,386 | ▲ 7.4% |
| Trade receivables40 | - | - | - | €129,780 | €119,942 | €133,016 | €142,916 | ▲ 7.4% |
| Other amounts receivable41 | - | - | - | €187 | €187 | €470 | €470 | = |
| Cash at bank and in hand54/58 | €2,255 | €96 | €6 | €3,207 | €346 | €832 | €613 | ▼ 26.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €112,398 | €119,874 | €127,258 | €133,287 | €120,587 | €134,430 | €144,110 | ▲ 7.2% |
| Equity10/15 | €21,373 | €22,092 | €22,952 | €23,518 | €23,518 | €23,519 | €23,690 | ▲ 0.7% |
| Contributions10/11 | €31,730 | - | - | €31,730 | €31,730 | €31,730 | €31,730 | = |
| Reserves13 | €3,173 | €3,173 | €3,173 | €3,173 | €3,173 | €3,173 | €3,173 | = |
| Non-distributable reserves130/1 | - | - | - | €3,173 | €3,173 | €0 | - | - |
| Other1319 | - | - | - | €3,173 | €3,173 | €0 | - | - |
| Distributable reserves133 | - | - | - | - | - | €3,173 | €3,173 | = |
| Profit (loss) carried forward14 | -€13,530 | -€12,811 | -€11,951 | -€11,385 | -€11,385 | -€11,385 | -€11,214 | ▲ 1.5% |
| Amounts payable17/49 | €91,025 | €97,781 | €104,306 | €109,769 | €97,068 | €110,911 | €120,420 | ▲ 8.6% |
| Amounts payable within one year42/48 | €90,804 | €97,568 | €104,196 | €109,670 | €96,853 | €110,703 | €120,263 | ▲ 8.6% |
| Financial debts43 | - | - | - | €108,000 | €96,000 | €110,000 | €120,000 | ▲ 9.1% |
| Credit institutions430/8 | - | - | - | €108,000 | €96,000 | €110,000 | €120,000 | ▲ 9.1% |
| Other loans439 | - | - | - | €0 | - | - | - | - |
| Trade debts44 | €735 | €2,113 | €1,213 | €1,670 | €853 | €703 | €263 | ▼ 62.6% |
| Suppliers440/4 | - | - | - | €1,670 | €853 | €703 | €263 | ▼ 62.6% |
| Taxes, remuneration and social security45 | - | - | - | €0 | - | - | - | - |
| Taxes450/3 | - | - | - | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €98 | €215 | €208 | €157 | ▼ 24.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €404 | €719 | €860 | €566 | €0 | €0 | €171 | ▲ 856× |
| Operating cash flow (approximation) | €404 | €719 | €860 | €566 | €0 | €0 | €171 | ▲ 856× |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,160 | -€90 | €3,202 | -€2,862 | €486 | -€220 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 06-02-2026 | 2026-00037182 |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00020395 |
| 30-06-2023 | micro format | 08-01-2024 | 2024-00000539 |
| 30-06-2022 | micro format | 04-01-2023 | 2023-20553531 |
| 30-06-2021 | micro format | 07-12-2021 | 2021-79600418 |
| 30-06-2020 | micro format | 30-11-2020 | 2020-73300205 |
| 30-06-2019 | micro format | 29-11-2019 | 2019-74700133 |
| 30-06-2018 | micro format | 30-11-2018 | 2018-73400195 |
| 30-06-2017 | micro format | 27-11-2017 | 2017-70500095 |
| 30-06-2016 | abbreviated format | 24-11-2016 | 2016-68500504 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Mario Havegeer |
|
| Johan Vuylsteke |
|
Owners and capital
Capital and shareholders
- 20-03-2024 Converted to unavailable equity · €34,903.41
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
20-03
Gazette deed
Resignations: Mario Havegeer (manager) and Johan Vuylsteke (manager)Reappointment: Mario Havegeer (director) · Amendment of the articles · Capital conversion18 facts ▸
- General meeting, 01-02-2024
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, beschikbaar voor uitkering” (deed in Dutch)
- Other provision, “verslag bestuursorgaan artikel 5:102 WVV over schrapping categorieën aandelen” (deed in Dutch)
- Other provision, “geen verslag bedrijfsrevisor/extern accountant vereist, geen financiële en boekhoudkundige gegevens ten grondslag” (deed in Dutch)
- Kind of shares, “verslag bestuursorgaan, schrapping bestaande categorieën van aandelen” (deed in Dutch)
- Director resignation, Mario Havegeer (manager)
- Director resignation, Johan Vuylsteke (manager)
- Director reappointment, Mario Havegeer (director (not named in the articles))
- Director discharge, Mario Havegeer
- Director discharge, Johan Vuylsteke
- +6 further facts in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36302B0153/00C002 | Flanders | 497 m² | 1 · 113 m² | 8.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TOOLMAX
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, Artikel 2” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “- de externe vertegenwoordiging van de vennootschap. Deze wordt in die zin gewijzigd dat iedere bestuurder afzonderlijk, ook wanneer er…”“Indien de vennootschap door meer dan één bestuurder wordt bestuurd, en behoudens inrichting door de algemene vergadering van een collegiaal…”
Full text
Indien de vennootschap door meer dan één bestuurder wordt bestuurd, en behoudens inrichting door de algemene vergadering van een collegiaal bestuursorgaan, mag iedere bestuurder, alleen optredend, alle handelingen stellen die nodig of nuttig zijn voor de verwezenlijking van het voorwerp van de vennootschap, behalve deze die de wet of de statuten aan de algemene vergadering voorbehouden. b) Externe vertegenwoordiging Iedere bestuurder afzonderlijk, ook wanneer er meerdere zijn, vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. De vennootschap wordt tevens rechtsgeldig verbonden door de bij bijzondere volmacht aangestelde vertegenwoordiger. Binnen de grenzen van het dagelijks bestuur wordt de vennootschap in en buiten rechte ook geldig vertegenwoordigd door de gedelegeerde of gedelegeerden voor wat betreft de handelingen van dagelijks bestuur die volgens het besluit van het bestuursorgaan individueel, gezamenlijk dan wel als college moet optreden.
- Board ruleHow the board is made up, meets and takes decisions.
- “Behoudens inrichting collegiaal bestuursorgaan door algemene vergadering, geheel bevoegdheden bestuursorgaan toegekend met…” (deed in Dutch)“Artikel 11, één of meer bestuurders,natuurlijke of rechtspersonen,al dan niet aandeelhouder,met of zonder beperking duur,statutaire…” (deed in Dutch)“Niet-statutaire bestuurder, tenzij algemene vergadering in benoemingsbesluit of ontslagbesluit modaliteiten inzake opzegtermijn en/of…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Saturday of October at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed