ACTIVE

MAX Projects

Financial year 2025 · closed on 30/09/2025
Net result
354,5 €
+105.2% YoY
Gross margin
21,7 k €
+51.6% YoY
Equity
-3,9 k €
+8.3% YoY

What does MAX Projects do?

MAX Projects is a Private limited company incorporated in 2009. Its registered office is in Lebbeke.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0819.814.997
Incorporation
16/10/2009
Legal form
Private limited company
Registered office
Brusselsesteenweg 53
9280 Lebbeke · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Joint committees (2)
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182017201620152014201320122011
Income statement
Gross margin21,7 k €14,3 k €21,4 k €12,4 k €27,5 k €13,4 k €13,8 k €14,7 k €-4,4 k €-12,3 k €2,1 k €19,9 k €-4,6 k €-4,0 k €-8,9 k €
EBITDA21,0 k €13,6 k €20,8 k €12,2 k €26,6 k €13,2 k €13,2 k €14,1 k €-15,8 k €-13,0 k €-16,1 k €11,4 k €-5,3 k €-4,6 k €-10,1 k €
Operating result2,2 k €-4,2 k €3,4 k €3,0 k €25,0 k €12,2 k €12,2 k €12,7 k €-20,3 k €-22,9 k €-25,7 k €6,3 k €-5,5 k €-4,6 k €-12,3 k €
Net result354,5 €-6,8 k €993,3 €-3,6 k €24,0 k €11,0 k €11,7 k €12,0 k €-22,3 k €-23,8 k €-27,4 k €6,2 k €-5,6 k €-4,5 k €-14,9 k €
Balance sheet
Equity-3,9 k €-4,3 k €2,5 k €1,5 k €5,1 k €-38,9 k €-49,9 k €-61,6 k €-73,6 k €-51,3 k €-27,5 k €-129,4 €-13,4 k €-13,1 k €-8,7 k €
Total assets112,3 k €92,6 k €110,5 k €130,1 k €55,2 k €49,8 k €10,6 k €12,2 k €14,2 k €30,7 k €41,1 k €36,7 k €11,4 k €1,0 k €6,1 k €
Cash3,4 k €63,0 €16,9 €33,2 €3,6 k €3,5 k €1,9 k €1,3 k €791,6 €248,0 €244,6 €4,3 k €1,2 k €152,5 €
Debts116,1 k €96,9 k €108,0 k €128,6 k €50,1 k €88,1 k €60,5 k €73,8 k €87,8 k €79,7 k €67,2 k €36,9 k €24,8 k €14,2 k €14,7 k €
Other
Workforce0,5 ETP0,3 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 30/09/2025 · 1 active · 7 ended

Active mandates

ARTUR DE MAESENEIR

Director

Active

Ended mandates

ARTUR DE MAESENEIR

Manager · since 19 octobre 2015

Ended
MARIJKE PEELMAN

Manager · since 17 décembre 2013 · until 19 mars 2018

Ended
MARIJKE PEELMAN

Manager · since 17 décembre 2013

Ended
ARTUR DE MAESENEIR

Manager · since 16 octobre 2009 · until 17 décembre 2013

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/04/202627/03/202528/03/202429/03/202322/03/202231/03/2021
General meeting19/03/202620/03/202521/03/202416/03/202317/03/202218/03/2021
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202519/03/202608/04/2026DutchPDF
Micro model30/09/202420/03/202527/03/2025DutchPDF
Micro model30/09/202321/03/202428/03/2024DutchPDF
Micro model30/09/202216/03/202329/03/2023DutchPDF
Micro model30/09/202117/03/202222/03/2022DutchPDF
Micro model30/09/202018/03/202131/03/2021DutchPDF
Micro model30/09/201919/03/202031/03/2020DutchPDF
Micro model30/09/201821/03/201918/04/2019DutchPDF
Micro model30/09/201715/03/201823/03/2018DutchPDF
Abridged model30/09/201616/03/201728/03/2017DutchPDF
Abridged model30/09/201517/03/201624/03/2016DutchPDF
Abridged model30/09/201419/03/201527/03/2015DutchPDF
Abridged model30/09/201329/03/201424/04/2014DutchPDF
Abridged model30/09/201221/03/201310/04/2013DutchPDF
Abridged model30/09/201115/03/201213/04/2012DutchPDF
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 30/09/2025 · 1 active · 7 ended

Active mandates

ARTUR DE MAESENEIR

Director

Active

Ended mandates

ARTUR DE MAESENEIR

Manager · since 19 octobre 2015

Ended
MARIJKE PEELMAN

Manager · since 17 décembre 2013 · until 19 mars 2018

Ended
MARIJKE PEELMAN

Manager · since 17 décembre 2013

Ended
ARTUR DE MAESENEIR

Manager · since 16 octobre 2009 · until 17 décembre 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates16/11/2022
    WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/04/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/11/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office10/01/2014
    BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office03/05/2013
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other27/10/2009
    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 2025354,5 €
  2. 2024
    Annual accounts 2024-6,8 k €
  3. 2023
    Annual accounts 2023993,3 €
  4. 2022
    Annual accounts 2022-3,6 k €
  5. 2021
    Annual accounts 202124,0 k €
  6. 2020
    Annual accounts 202011,0 k €
  7. 2019
    Annual accounts 201911,7 k €
  8. 2018
    Annual accounts 201812,0 k €
  9. 2017
    Annual accounts 2017-22,3 k €
  10. 2016
    Annual accounts 2016-23,8 k €
  11. 2015
    Annual accounts 2015-27,4 k €
  12. 2014
    Annual accounts 20146,2 k €
  13. 2013
    Annual accounts 2013-5,6 k €
  14. 2012
    Annual accounts 2012-4,5 k €
  15. 2011
    Annual accounts 2011-14,9 k €
  16. 16/10/2009
    IncorporationPrivate limited company