GE-MAX
ActiveSummary
GE-MAX has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202k and a net result of €54k. Equity is growing by ~41.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 18280 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▼-2
Solvency97▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 4.02 against 3.15 in 2024; short-term debt: 23.3% and cash: 75.4% of total assets), and 27.5% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 47
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.5%
Return on assets
19.2%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 17-02-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
on the day
2023
6 d early
2022
on the day
2021
on the day
2020
2 d early
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close24-09-2026 today28-02-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€202k▲ 36.1%
2024 · €148k
2019: €48k
2020: €35k
2021: €27k
2022: €58k
2023: €102k
2024: €148k
2019 → 2025
Total assets
€279k▲ 26.6%
2024 · €220k
2019: €124k
2020: €114k
2021: €61k
2022: €105k
2023: €182k
2024: €220k
2019 → 2025
Net result
€54k▲ 16.6%
2024 · €46k
2019: €6k
2020: €-13k
2021: €-8k
2022: €31k
2023: €45k
2024: €46k
2019 → 2025
Working capital
€196k▲ 42.2%
2024 · €138k
2019: €48k
2020: €37k
2021: €29k
2022: €45k
2023: €89k
2024: €138k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€58k▲ 113%€102k▲ 78.0%€148k▲ 44.8%€202k▲ 36.1%
Operating result€-10k-€29k€60k▲ 107%€66k▲ 9.6%€78k▲ 18.4%
Net result€-8k-€31k€45k▲ 46.9%€46k▲ 2.3%€54k▲ 16.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €279k
Fixed assets
€17k ▼ 2.6%
Current assets
€261k ▲ 29.2%
Equity and liabilities €279k
Equity
€202k ▲ 36.1%
Debt
€77k ▲ 7.1%
Debt's share of the balance-sheet total falls from 32.6% to 27.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78k▲
2024 · €66k
Cash flow
€54k▲
2024 · €46k
Current ratio
4.02▲
2024 · 3.15
Quick ratio
3.50▲
2024 · 2.67
Debt to equity
0.38▼
2024 · 0.48
ROE
26.5%▼
2024 · 30.9%
ROA
19.2%▼
2024 · 20.9%
Interest coverage
72.41▲
2024 · 55.40
Debt ≤ 1 year
€65k▲
2024 · €64k
Income taxes
€28k▲
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€220k€279k▲
Fixed assets21/28€18k€17k▼
Tangible fixed assets22/27€1k€640▼
Furniture and vehicles24€0€0=
Other tangible fixed assets26€1k€640▼
Financial fixed assets28€17k€17k=
Current assets29/58€202k€261k▲
Stocks and contracts in progress3€31k€34k▲
Stocks30/36€31k€34k▲
Amounts receivable within one year40/41€16k€17k▲
Trade receivables40€13k€12k▼
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€155k€210k▲
Deferred charges and accrued income490/1€310€756▲
Equity and liabilities
Total equity and liabilities10/49€220k€279k▲
Equity10/15€148k€202k▲
Contributions10/11€20k€20k=
Reserves13€128k€182k▲
Distributable reserves133€128k€182k▲
Amounts payable17/49€72k€77k▲
Amounts payable within one year42/48€64k€65k▲
Trade debts44€29k€32k▲
Suppliers440/4€29k€32k▲
Taxes, remuneration and social security45€27k€31k▲
Taxes450/3€27k€31k▲
Other amounts payable47/48€8k€2k▼
Accrued charges and deferred income492/3€7k€12k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€465€465=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€503▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€71k€80k▲
Operating profit (loss)9901€66k€78k▲
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€69k€81k▲
Income taxes67/77€23k€28k▲
Profit (loss) for the period9904€46k€54k▲
Profit (loss) for the period to be appropriated9905€46k€54k▲
Appropriation of the result
Profit (loss) to be appropriated9906€46k€54k▲
Transfer to equity691/2€46k€54k▲
To other reserves6921€46k€54k▲
The notes to these accounts (5 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 2026, expected by
2026
17-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
Financial
Highest result since 2019net €54k ▲16.6%
Operating result €78k, net result €54k, both a record.
31-07
Financial
Equity above €200kEq €202k ▲36.1%
4 profitable years in a row build equity to €202k.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
Financial
Equity above €100kEq €102k ▲78%
2 profitable years in a row build equity to €102k.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
Financial
Weakest financial yearnet €-13k ▼318%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Liège · 1 establishment unit since 2007
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.
Passage Lemonnier 24000 LiègeGround area
118 m²
Building footprint
115 m²
Volume, LiDAR
2,001 m³
Parcel 62063A0982/00A003, Wallonia · tallest building 18.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
PASSAGE 35
since 20072.232.967.714
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62063A0982/00A003 | Wallonia | 118 m² | 1 · 115 m² | 18.9 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
F.A.C. LABEL
BE 0821.512.497
Waterloo · Eq €201,651
TOYS TRADE
BE 0838.016.355
Oostende · Eq €201,380
DIME
BE 0865.339.176
Amay · Eq €202,204
TEXTOPRINT
BE 0454.645.235
Wommelgem · Eq €201,315
DE PAUW DAVY
BE 0473.959.420
Willebroek · Eq €201,287
Of 6,503 companies in sector 47716 we hold annual accounts for 2,441. 1,777 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-07-2007
Fiscal year end31-07
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.