MAX GREEN
InactiveInactive; last annual accounts for fiscal year 2015.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2015. Since then, 10 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 6 filingsPosition against the passed deadline
31-12-2016 close31-07-2017 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2015 was due by 31-07-2016 and was filed on 08-06-2016, 53 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2015, full schema
Turnover
€186.69M▲ 84.1%
2014 · €101.39M
2011: €95.20M
2012: €192.66M
2013: €157.02M
2014: €101.39M
2011 → 2015
EBIT margin
-2.7%▲ 12.1pp
2014 · -14.8%
2011: 8.6%
2012: 5.7%
2013: 0.3%
2014: -14.8%
2011 → 2015
Net result
€-5.11M▲ 66.2%
2014 · €-15.10M
2011: €5.44M
2012: €7.27M
2013: €290k
2014: €-15.10M
2011 → 2015
Working capital
€-18.32M▼ 38.7%
2014 · €-13.21M
2011: €326k
2012: €1.60M
2013: €1.89M
2014: €-13.21M
2011 → 2015
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20112012201320142015Trend
Turnover€95.20M-€192.66M▲ 102%€157.02M▼ 18.5%€101.39M▼ 35.4%€186.69M▲ 84.1%
Equity€326k-€1.60M▲ 391%€1.89M▲ 18.1%€-13.21M€-18.32M▼ 38.7%
Operating result€8.19M-€10.96M▲ 33.8%€414k▼ 96.2%€-15.03M€-5.00M▲ 66.8%
Net result€5.44M-€7.27M▲ 33.8%€290k▼ 96.0%€-15.10M€-5.11M▲ 66.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5.00M in 2015 against €15.03M in 2014; the loss shrinks.
Key figures and ratios
Solvency
-86.5%▼
2014 · -47.3%
Current ratio
0.54▼
2014 · 0.68
ROA
-24.1%▲
2014 · -54.1%
Debt
€39.51M▼
2014 · €41.14M
Debt ≤ 1 year
€39.51M▼
2014 · €41.14M
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 · 2015 against 2014 · 21 lines
Balance sheet
Code20142015
Assets
Total assets20/58€27.93M€21.19M▼
Current assets29/58€27.93M€21.19M▼
Amounts receivable within one year40/41€27.58M€20.84M▼
Cash at bank and in hand54/58€348k€349k▲
Equity and liabilities
Total equity and liabilities10/49€27.93M€21.19M▼
Equity10/15€-13.21M€-18.32M▼
Contributions10/11€62k€62k=
Reserves13€6k€6k=
Profit (loss) carried forward14€-13.28M€-18.39M▼
Amounts payable17/49€41.14M€39.51M▼
Amounts payable within one year42/48€41.14M€39.51M▼
Trade debts44€41.08M€39.51M▼
Income statement
Code20142015
Turnover70€101.39M€186.69M▲
Operating profit (loss)9901€-15.03M€-5.00M▲
Recurring financial income75€5k€1k▼
Recurring financial charges65€74k€113k▲
Debt charges650€0-
Profit (loss) for the period before taxes9903€-15.10M€-5.11M▲
Income taxes67/77€73-
Profit (loss) for the period9904€-15.10M€-5.11M▲
Profit (loss) for the period to be appropriated9905€-15.10M€-5.11M▲
Timeline · acts, filings and financial milestones
2016
08-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
11-04
State Gazette act
Merger · Accounting effect
Corporate purpose
11-04
State Gazette act
Merger · Accounting effect
Corporate purpose
2015
08-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
31-12
Financial
Weakest financial yearnet €-15.10M ▼5314%
Net result drops to €-15.10M, the lowest in the series.
27-05
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
02-05
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
31-12
Financial
Highest result since 2011net €7.27M ▲33.8%
Operating result €10.96M, net result €7.27M, both a record.
31-12
Financial
Equity above €1MEq €1.60M ▲391%
2 profitable years in a row build equity to €1.60M.
22-05
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
08-03
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:ELECTRABEL