ACTIVE

MAX

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Financial year 2025 · closed on 31/12/2025
Net result
-1,6 k €
-123.5% YoY
Gross margin
57,3 k €
+225.0% YoY
Equity
35,2 k €
-5.3% YoY

What does MAX do?

MAX is a Private limited company incorporated in 2017. Its main activity is: Retail sale of beverages in specialised stores. Its registered office is in Ninove.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0674.490.092
Incorporation
12/04/2017
Legal form
Private limited company
Registered office
Biezenstraat 35
9400 Ninove · FlandreSee on map
Contributed capital
18 550,00 €
Latest accounts
31/12/2025
Activities (NACE)
47251Retail sale of beverages in specialised stores· main47251Retail sale of beverages in specialised stores70200Management consultancy activities14120Manufacture of workwear14230Manufacture of articles of fur25910Manufacture of steel drums and similar containers+7
Joint committees (2)
  • 111
  • 209
Contacts
1 public detail availableLog in to view
Signals
Low riskGood liquidityPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin57,3 k €17,6 k €21,2 k €61,7 k €62,1 k €-2,8 k €17,7 k €19,3 k €
EBITDA2,5 k €15,8 k €20,4 k €60,8 k €12,7 k €-59,5 k €17,1 k €18,4 k €
Operating result2,4 k €15,1 k €17,4 k €57,1 k €8,8 k €-63,7 k €15,3 k €18,4 k €
Net result-1,6 k €7 k €10,3 k €41,2 k €2,9 k €-66,6 k €11,1 k €12,8 k €
Balance sheet
Equity35,2 k €37,2 k €30,2 k €19,9 k €-21,3 k €-36,5 k €30,1 k €19 k €
Total assets185,4 k €98,9 k €151,8 k €139,6 k €138,1 k €88,4 k €65,4 k €69,1 k €
Cash88,3 k €40,4 k €27,9 k €24,2 k €5,9 k €–26,2 k €13,4 k €
Debts150,2 k €61,7 k €121,6 k €119,7 k €159,4 k €124,9 k €32,6 k €47,4 k €
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 · 2 active · 3 ended

Active mandates

Maxim Adriaens

Mandate

Active
Yasemin Cirpi

Mandate

Active

Ended mandates

YASEMIN CIRPI

Director · since 01 janvier 2022

Ended
MAXIM ADRIAENS

Director · since 12 avril 2017

Ended
MAXIM ADRIAENS

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/10/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months15 months
Filing date16/06/202610/06/202511/06/202422/06/202320/06/202222/11/2021
General meeting06/06/202607/06/202501/06/202403/06/202304/06/202205/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202506/06/202616/06/2026DutchPDF
Micro model31/12/202407/06/202510/06/2025DutchPDF
Micro model31/12/202301/06/202411/06/2024DutchPDF
Micro model31/12/202203/06/202322/06/2023DutchPDF
Micro model31/12/202104/06/202220/06/2022DutchPDF
Micro model31/12/202005/06/202122/11/2021DutchPDF
Micro model30/09/201920/03/202024/06/2020DutchPDF
Micro model30/09/201815/03/201901/05/2019DutchPDF
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 · 2 active · 3 ended

Active mandates

Maxim Adriaens

Mandate

Active
Yasemin Cirpi

Mandate

Active

Ended mandates

YASEMIN CIRPI

Director · since 01 janvier 2022

Ended
MAXIM ADRIAENS

Director · since 12 avril 2017

Ended
MAXIM ADRIAENS

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates22/04/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office01/02/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office27/05/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates20/02/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Registered office25/11/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other14/04/2017
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025-1,6 k €↓
  2. 2024
    Annual accounts 20247 k €↓
  3. 2023
    Annual accounts 202310,3 k €↓
  4. 2022
    Annual accounts 202241,2 k €↑
  5. 2021
    Annual accounts 20212,9 k €↑
  6. 2020
    Annual accounts 2020-66,6 k €↓
  7. 2019
    Annual accounts 201911,1 k €↓
  8. 2018
    Annual accounts 201812,8 k €
  9. 12/04/2017
    IncorporationPrivate limited company