ACTIVE

MAX

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Financial year 2025 · closed on 31/12/2025

Net result

-5,4 k €

-128.5% YoY

Gross margin

17 k €

-65.2% YoY

Equity

54,9 k €

-21.9% YoY

What does MAX do?

MAX is a Private limited company incorporated in 1996. Its main activity is: Camping grounds, recreational vehicle parks and trailer parks. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0459.521.662

Incorporation

24/12/1996

Legal form

Private limited company

Registered office

Chaussée de Tongres 63 box A
4000 Liège · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

55301Camping grounds, recreational vehicle parks and trailer parks· main 55522Accommodation 56101Restaurants and mobile food service activities 56111Restaurants and mobile food service activities 56210Event catering activities 56210Event catering activities

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	17 k €	-65.2%	48,8 k €	+423%	9,3 k €	-47.3%	17,7 k €	-47.7%	33,9 k €	-50.3%	68,1 k €	-19.4%	84,5 k €	+27.2%	66,5 k €	-18.6%	81,7 k €	+11.9%	73 k €	+13.0%	64,6 k €	+6.4%	60,8 k €	-8.2%	66,2 k €	-13.6%	76,6 k €	+16.7%	65,6 k €	+31.8%	49,8 k €	+2.5%	48,6 k €	+29.2%	37,6 k €	-27.2%	51,7 k €	+0.9%	51,3 k €
EBITDA	8,2 k €	-78.4%	38 k €	+3355%	1,1 k €	-91.4%	12,7 k €	-56.2%	29 k €	-57.6%	68,3 k €	+71.7%	39,8 k €	+110%	18,9 k €	+18.4%	16 k €	-14.5%	18,7 k €	+81.9%	10,3 k €	-38.4%	16,7 k €	+14.1%	14,6 k €	-58.5%	35,2 k €	+45.2%	24,2 k €	+465%	4,3 k €	-82.4%	24,4 k €	+17.4%	20,8 k €	-38.8%	34 k €	+47.3%	23,1 k €
Operating result	299,7 €	-99.0%	30,3 k €	+793%	-4,4 k €	-164%	6,8 k €	-72.4%	24,5 k €	-49.7%	48,8 k €	+154%	19,2 k €	+1138%	-1,9 k €	+56.8%	-4,3 k €	-704%	710,3 €	+119%	-3,7 k €	-354%	1,4 k €	+1.9%	1,4 k €	-93.9%	23,5 k €	+83.6%	12,8 k €	+359%	-4,9 k €	-168%	7,2 k €	+55.9%	4,6 k €	-75.8%	19,1 k €	+49.6%	12,8 k €
Net result	-5,4 k €	-129%	19,1 k €	+364%	-7,2 k €	-294%	3,7 k €	-80.7%	19,3 k €	-43.9%	34,4 k €	+332%	8 k €	+227%	-6,3 k €	+27.4%	-8,6 k €	-118%	-4 k €	+0.8%	-4 k €	-904%	496 €	+122%	-2,2 k €	-116%	13,9 k €	+215%	4,4 k €	+153%	-8,2 k €	-432%	2,5 k €	+201%	-2,5 k €	-116%	14,9 k €	+63.8%	9,1 k €
Balance sheet
Equity	54,9 k €	-21.9%	70,4 k €	+25.0%	56,3 k €	-11.4%	63,6 k €	+6.2%	59,8 k €	+47.6%	40,5 k €	+562%	6,1 k €	+432%	-1,8 k €	-142%	4,4 k €	-66.1%	13,1 k €	-23.2%	17 k €	-19.0%	21 k €	+2.4%	20,5 k €	-9.8%	22,8 k €	-0.6%	22,9 k €	+23.8%	18,5 k €	-30.8%	26,7 k €	+10.2%	24,2 k €	-9.2%	26,7 k €	+42.1%	18,8 k €
Total assets	101 k €	-20.8%	127,5 k €	+8.8%	117,2 k €	+23.7%	94,7 k €	+0.8%	94 k €	-4.8%	98,7 k €	-8.7%	108,2 k €	-12.0%	122,9 k €	-29.2%	173,5 k €	+39.2%	124,7 k €	-7.8%	135,3 k €	+52.0%	89 k €	-14.9%	104,6 k €	+25.0%	83,7 k €	-15.9%	99,5 k €	+26.7%	78,5 k €	-9.2%	86,4 k €	+32.1%	65,4 k €	-14.0%	76,1 k €	+38.4%	55 k €
Cash	873,5 €	-96.4%	24,5 k €	+590%	3,6 k €	+34.7%	2,6 k €	-74.3%	10,3 k €	+71.5%	6 k €	+615%	837,9 €	-39.8%	1,4 k €	-96.0%	34,5 k €	+82366%	41,8 €	-99.9%	35,9 k €	+234%	10,7 k €	+138%	4,5 k €	-37.2%	7,2 k €	-7.5%	7,8 k €	+180%	2,8 k €	-19.4%	3,4 k €	+226%	1,1 k €	-65.1%	3 k €	-65.8%	8,8 k €
Debts	45,7 k €	-19.7%	57 k €	-6.1%	60,7 k €	+96.1%	31 k €	-9.1%	34,1 k €	-40.6%	57,4 k €	-43.7%	101,9 k €	-18.1%	124,3 k €	-25.0%	165,9 k €	+56.2%	106,2 k €	-8.1%	115,6 k €	+76.2%	65,6 k €	-19.7%	81,7 k €	+39.4%	58,7 k €	-23.3%	76,5 k €	+32.4%	57,8 k €	-3.1%	59,6 k €	+45.4%	41 k €	-16.9%	49,3 k €	+36.5%	36,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,3 ETP	+18.2%	1,1 ETP	-8.3%	1,2 ETP	+9.1%	1,1 ETP	-15.4%	1,3 ETP	-18.8%	1,6 ETP	+100%	0,8 ETP	+60.0%	0,5 ETP	-16.7%	0,6 ETP	-40.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Geoffrey BRASSEUR

Administrator - manager · since 19 décembre 2023

Active

Ended mandates

Geoffrey BRASSEUR

Director

Ended

Geoffrey BRASSEUR

Administrator - manager

Ended

Geoffrey BRASSEUR

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
DTO Immobilier● Active	0836.183.055

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	12/08/2025	22/08/2024	31/08/2023	29/08/2022	11/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	31/08/2026	French	PDF
Micro model	31/12/2024	30/06/2025	12/08/2025	French	PDF
Micro model	31/12/2023	30/06/2024	22/08/2024	French	PDF
Micro model	31/12/2022	30/06/2023	31/08/2023	French	PDF
Micro model	31/12/2021	30/06/2022	29/08/2022	French	PDF
Micro model	31/12/2020	30/06/2021	11/08/2021	French	PDF
Micro model	31/12/2019	30/06/2020	23/09/2020	French	PDF
Micro model	31/12/2018	28/06/2019	28/08/2019	French	PDF
Micro model	31/12/2017	30/06/2018	29/08/2018	French	PDF
Micro model	31/12/2016	30/06/2017	17/07/2017	French	PDF
Abridged model	31/12/2015	05/05/2016	29/08/2016	French	PDF
Abridged modelCorrection	31/12/2014	30/06/2015	05/10/2015	French	PDF
Abridged model	31/12/2014	30/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	24/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	26/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	28/07/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	28/07/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	30/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Geoffrey BRASSEUR

Administrator - manager · since 19 décembre 2023

Active

Ended mandates

Geoffrey BRASSEUR

Director

Ended

Geoffrey BRASSEUR

Administrator - manager

Ended

Geoffrey BRASSEUR

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates14/12/2006
DENOMINATION
PDF
Mandates29/09/2006
DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/08/2005
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-5,4 k €↓
2024
Annual accounts 202419,1 k €↑
2023
Annual accounts 2023-7,2 k €↓
2022
Annual accounts 20223,7 k €↓
2021
Annual accounts 202119,3 k €↓
2020
Annual accounts 202034,4 k €↑
2019
Annual accounts 20198 k €↑
2018
Annual accounts 2018-6,3 k €↑
2017
Annual accounts 2017-8,6 k €↓
2016
Annual accounts 2016-4 k €↑
2015
Annual accounts 2015-4 k €↓
2014
Annual accounts 2014496 €↑
2013
Annual accounts 2013-2,2 k €↓
2012
Annual accounts 201213,9 k €↑
2011
Annual accounts 20114,4 k €↑
2010
Annual accounts 2010-8,2 k €↓
2009
Annual accounts 20092,5 k €↑
2008
Annual accounts 2008-2,5 k €↓
2007
Annual accounts 200714,9 k €↑
2006
Annual accounts 20069,1 k €
24/12/1996
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MAX

Overview

What does MAX do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline