Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MAX RENOVATION from Brussel, company number BE0453561805, closed financial year 2025 with a result of € 8,171 after tax. For that financial year MAX RENOVATION recorded a gross margin of € 60,701 and equity of € -373,882. Compared with financial year 2024, the result moved from € -3,097 to € 8,171. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 20, 2026.
€ -373,882
▲ € 8,171 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,171
▲ still € 3,097 loss in 2024
Profit after tax over the fiscal year.
€ 28,141
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -398,672.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 42,516
▼ 7% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 13,818
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 117,553
▲ € 103,268 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,402
▲ 74% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 47,462 | € 66,056 | € 50,564 | € 60,701 | ▲ 20% |
| Profit after taxes | € 760 | € 16,329 | € -3,097 | € 8,171 | ▲ € 11,267 |
| Equity | € -395,285 | € -378,956 | € -382,053 | € -373,882 | ▲ € 8,171 |
| Total debts | € 588,647 | € 592,424 | € 594,599 | € 701,940 | ▲ 18% |
| Cash | € 34,546 | € 29,597 | € 27,340 | € 28,141 | ▲ 3% |
| Retained profit | € -420,074 | € -403,746 | € -406,842 | € -398,672 | ▲ € 8,171 |
| Balance sheet total | € 193,362 | € 213,468 | € 212,546 | € 328,057 | ▲ 54% |
Key figures of MAX RENOVATION, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MAX RENOVATION?
What happened at MAX RENOVATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8,171. filed late Source: NBB ↗
- Oktay Iskender GULBAKAN became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 760 profit in 2022 to € 8,171 profit in 2025.
Best year ever: 2023, with € 16,329 profit.
Management
Behind MAX RENOVATION is Oktay Iskender GULBAKAN. Oktay Iskender GULBAKAN is also behind QUANTUM SERVICES and GO INNOVATION.
Directors
According to the 2025 annual accounts
since 2008
Establishments
Establishment units
Physical locations of this company
Komediantenstraat 22
1000 Brussel
Dijlestraat 6
1000 Brussel
Active since 25 October 1994
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →Equipement de Bureau M.A. Nicaise
Agence de Presse Keystone
Union Nationale Interprofessionnelle de l'Industrie et du Commerce de la Viande
OK
€ -89 gross margin · 2025
REPOS PRODUCTION
€ 13.7 million revenue · 2026
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0453.561.805
- VAT number
- BE 0453.561.805
- Registered office
- Komediantenstraat 22, 1000 Brussel
- Names & denominations
- MAX RENOVATION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 October 1994
- Peppol
- Active · Active since 24 Nov 2025
- Activities · NACE
Isolatiewerkzaamheden
Installatie van isolatie