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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Figures corrected NBB
Corrected annual account filed for 2022.
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Busy address KBO
86 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MAXFLOW from Leuven, company number BE0550758377, closed financial year 2025 with a result of € 9.3 million after tax. For that financial year MAXFLOW recorded revenue of € 25.5 million and equity of € 5.7 million. Compared with financial year 2024, the result moved from € 9.3 million to € 9.3 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 18, 2026.
€ 5.7 million
▼ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9.3 million
▼ 1% vs 2024
Profit after tax over the fiscal year.
€ 1.4 million
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 11.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
7.3
▲ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 805,301
▲ 105% vs 2024
€ 110,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.9 million
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 51 days on average.
€ 87,011
▼ 79% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,494,858 | € 16,880,667 | € 22,751,317 | € 25,453,988 | ▲ 12% |
| Profit after taxes | € 7,015,191 | € 8,329,100 | € 9,342,913 | € 9,256,705 | ▼ 1% |
| Equity | € 11,337,620 | € 11,201,798 | € 8,090,815 | € 5,746,723 | ▼ 29% |
| Total debts | € 660,273 | € 1,377,566 | € 2,304,379 | € 9,238,293 | ▲ € 6.9 million |
| Cash | € 1,895,964 | € 884,943 | € 2,251,455 | € 1,352,096 | ▼ 40% |
| Retained profit | € 11,326,460 | € 11,190,638 | € 8,079,655 | € 5,735,563 | ▼ 29% |
| Dividend | € 35,110 | € 8,000,000 | € 12,402,378 | € 11,500,000 | ▼ 7% |
| Bank debt | € 3,855 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 11,997,892 | € 12,579,364 | € 10,395,194 | € 14,985,015 | ▲ 44% |
| Employees (FTE) | 1.8 | 2.6 | 4.1 | 7.3 | ▲ 3.2 |
Key figures of MAXFLOW, 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 MAXFLOW?
What happened at MAXFLOW in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9.3 million (▼ 1% vs 2024). Source: NBB ↗
- BLAFKAT became a director. NBB
- Le Loup became a director. NBB
- De Raaf became a director. NBB
- Thomas Depuydt became a director. NBB
- Harry Haeck became a director. NBB
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 7 million profit in 2022 to € 9.3 million profit in 2025.
Paid € 5.8 million in corporate taxes since 2022.
Best year ever: 2024, with € 9.3 million profit.
Paid out € 31.9 million in dividends to the owners in total.
Management
The stake of Smartfin Capital III comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MAXFLOWBehind MAXFLOW are BLAFKAT, Le Loup, De Raaf, Thomas Depuydt and Harry Haeck. The shares are held by Next Level BV (100%) and Smartfin Capital III (23.6%).
Directors
According to the 2025 annual accounts
since 2023
since 2023
since 2023
since 2023
since 2023
Shareholders
100%
23.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Philipssite 5 box 1
3001 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 86 companies are registered at this address.
All companies at this address →Norgine
€ 19.1 million revenue · 2024
DRAKA BELGIUM
€ 3.4 million revenue · 2025
LOFMA
€ 1.8 million gross margin · 2025
G.I.M. - GEOGRAPHIC INFORMATION MANAGEMENT
€ 7.1 million revenue · 2025
ADVOCATENASSOCIATIE NELISSEN GRADE
€ 477,864 gross margin · 2025
+81 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
- 0550.758.377
- VAT number
- BE 0550.758.377
- Registered office
- Philipssite 5 bus 1, 3001 Leuven
- Names & denominations
- MAXFLOW
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 April 2014
- Peppol
- Active · Active since 21 Jan 2025
- Activities · NACE
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