MAXAM
ActiveMAXAM has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €187k and a net result of €65k. Equity is shrinking by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 86% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+22
Solvency100▲+8
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 6.15 against 3.06 in 2023; short-term debt: 16% and cash: 30.9% of total assets), and 16% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €187k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
55 d early
2022
34 d early
2021
3 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€65k▲ 309%
2023 · €16k
2018: €35k
2019: €-18k
2020: €-28k
2021: €-6k
2022: €-36k
2023: €16k
2018 → 2024
Working capital
€184k▲ 31.8%
2023 · €139k
2018: €225k
2019: €208k
2020: €181k
2021: €175k
2022: €139k
2023: €139k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€181k-€175k▼ 3.3%€140k▼ 20.5%€140k▲ 0.6%€187k▲ 33.2%
Operating result€-28k-€-5k▲ 82.8%€-35k▼ 630%€17k€65k▲ 285%
Net result€-28k-€-6k▲ 78.8%€-36k▼ 509%€16k€65k▲ 309%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 285% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €223k
Fixed assets
€3k▲ 239%
Current assets
€219k▲ 6.0%
Equity and liabilities €223k
Equity
€187k▲ 33.2%
Debt
€36k▼ 47.2%
The debt ratio falls from 32.5% to 16.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66k▲
2023 · €17k
Cash flow
€66k▲
2023 · €16k
Solvency
84.0%▲
2023 · 67.5%
Current ratio
6.15▲
2023 · 3.06
Quick ratio
3.91▲
2023 · 2.00
Debt / equity
0.19▼
2023 · 0.48
ROE
34.6%▲
2023 · 11.3%
ROA
29.0%▲
2023 · 7.6%
Interest coverage
109.71▲
2023 · 14.77
Debt
€36k▼
2023 · €68k
Debt ≤ 1 year
€36k▼
2023 · €68k
Staff costs
€16k▼
2023 · €50k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€208k€223k▲
Fixed assets21/28€955€3k▲
Tangible fixed assets22/27€455€3k▲
Plant, machinery and equipment23€455€1k▲
Furniture and vehicles24-€1k
Financial fixed assets28€500€500=
Current assets29/58€207k€219k▲
Stocks and contracts in progress3€72k€80k▲
Stocks30/36€72k€80k▲
Amounts receivable within one year40/41€47k€68k▲
Trade receivables40€47k€68k▲
Other amounts receivable41€57€281▲
Cash at bank and in hand54/58€87k€69k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€208k€223k▲
Equity10/15€140k€187k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€72k€119k▲
Amounts payable17/49€68k€36k▼
Amounts payable within one year42/48€68k€36k▼
Financial debts43-€143
Credit institutions430/8-€143
Trade debts44€41k€7k▼
Suppliers440/4€41k€7k▼
Taxes, remuneration and social security45€12k€6k▼
Taxes450/3€3k€5k▲
Remuneration and social security454/9€9k€577▼
Other amounts payable47/48€15k€22k▲
Income statement
Code20232024
Remuneration, social security and pensions62€50k€16k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95€927▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€69k€84k▲
Operating profit (loss)9901€17k€65k▲
Financial income75/76B€106€307▲
Recurring financial income75€106€307▲
Financial charges65/66B€1k€600▼
Recurring financial charges65€1k€600▼
Profit (loss) for the period before taxes9903€16k€65k▲
Profit (loss) for the period9904€16k€65k▲
Profit (loss) for the period to be appropriated9905€16k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€87k€137k▲
Profit (loss) brought forward from the previous period14P€71k€72k▲
Profit to be distributed694/7€15k€18k▲
Return on contributions (dividend)694€15k€18k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €65k ▲309%
Operating result €65k, net result €65k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 6.15
Current ratio from 3.06 to 6.15; short-term debt falls from €68k to €36k.
31-12
Financial
Equity above €150kEq €187k ▲33.2%
2 profitable years in a row build equity to €187k.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €16k
Net result €16k after 4 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity doublescurrent ratio 16.38
Current ratio from 6.55 to 16.38; short-term debt falls from €41k to €14k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Enghien · 1 establishment unit since 2000
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.
Chièvresstraat 15A7850 EnghienGround area
4,935 m²
Building footprint
551 m²
Volume, LiDAR
926 m³
2 parcels, Wallonia · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAXAM PRIVILEGE
since 20002.094.018.182
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55025C0262/00R000 | Wallonia | 3,345 m² | 1 · 420 m² | - |
| 55025B0169/00D000 | Wallonia | 1,590 m² | 1 · 131 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
CECAMAX
BE 0477.747.962
Saint-Ghislain · Eq €184k
Distribution A.C.B.
BE 0418.742.961
Braine-l'Alleud · Eq €183k
Maison DELCOIF
BE 0898.280.574
Ath · Eq €191k
Biofarm
BE 0406.966.270
Anderlecht · Eq €191k
PRO.DE.CO
BE 0455.092.920
Deinze · Eq €192k
Of 798 companies in sector 46450 we hold annual accounts for 452. 331 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-09-2000
Fiscal year end31-12
Activities, NACEBEL
46450Wholesale of perfume and cosmetics
46460Wholesale of pharmaceutical and medical goods
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.