Bankrupt · Opening faillissement (CBE)

Maxxtools

BE0665667547

Rechtspersoon Private limited company 1 establishment

Maxxtools is a wholesaler in Houthalen-Helchteren. Private Limited, started on 2 November 2016, 1 establishment.

Centrum-Zuid 2084, 3530 Houthalen-Helchteren

Behind the company: Vanreusel Roel BV, Winpal BV, Palwin BV.

Start date

2 November 2016

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Negative equity NBB

    More debt than assets in 1 of the last 2 fiscal years.

  • Tight liquidity NBB

    Cash and receivables cover 34 % of short-term debt in 2023; threshold 65 %.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2023

Maxxtools from Houthalen-Helchteren, company number BE0665667547, closed financial year 2023 with a result of € -3.4 million after tax. For that financial year Maxxtools recorded a gross margin of € -1 million and equity of € -1.4 million. Compared with financial year 2021, the result moved from € 547,445 to € -3.4 million. The company made a loss. 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 April 30, 2024.

What it is worth Caution

€ -1.4 million

▼ € 2.7 million vs 2021

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -3.4 million

▼ still € 547,445 profit in 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 85,003

▼ 75% vs 2021

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -2.1 million.

People and assets in 2023

Full-time equivalents

6.8

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 652,150

▲ 94% vs 2021

€ 95,900 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.

Vehicles and equipment

€ 96,580

▲ 6% vs 2021

Of which on lease € 39,042.

Debts at end 2023

Bank debt ≈ 15 years to go

€ 3.4 million

▲ 22% vs 2021

€ 222,410 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.

Owed to suppliers

€ 1.2 million

▼ 38% vs 2021

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 538,488

▲ 5% vs 2021

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
20212023Change 2021 → 2023
Gross margin € 1,307,033 € -1,022,698 ▼ € 2.3 million
Profit after taxes € 547,445 € -3,401,662 ▼ € 3.9 million
Equity € 1,286,962 € -1,364,700 ▼ € 2.7 million
Total debts € 5,201,957 € 5,190,108
Cash € 346,937 € 85,003 ▼ 75%
Land & buildings € 0 € 10,492
Retained profit € 1,268,362 € -2,133,300 ▼ € 3.4 million
Bank debt € 2,785,383 € 3,405,512 ▲ 22%
Balance sheet total € 6,488,919 € 3,825,407 ▼ 41%
Employees (FTE) 6.8 6.8

Key figures of Maxxtools, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 30 April 2025.

What happened to Maxxtools?

What happened at Maxxtools in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Maxxtools is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2023: loss of € 3.4 million (▼ € 3.9 million vs 2021). Source: NBB ↗
  • Winpal BV became a director. NBB
  • Palwin BV became a director. NBB
  • Vanreusel Roel BV became a director. NBB
  • New establishment in Houthalen-Helchteren. KBO
  • Start of the company according to the CBE. KBO

In short

From € 547,445 profit in 2021 to € 3.4 million loss in 2023.

Paid € 195,171 in corporate taxes since 2021.

Best year ever: 2021, with € 547,445 profit.

On average € 192,200 of value added per employee in 2021.

Management

Behind Maxxtools are Vanreusel Roel BV, Winpal BV and Palwin BV. Vanreusel Roel BV is also behind BELTASTE HAMONT, one2three, Belmont Food, TRiPL and Belmont Food Holding.

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Directors

According to the 2023 annual accounts

Vanreusel Roel BV

Director · represented by Vanreusel ROEL

Also active at: BELTASTE HAMONT, one2three, Belmont Food, TRiPL, Belmont Food Holding, Belmont Food Group

since 2023

Winpal BV

Director · represented by Winters ESTHER

since 2023

Palwin BV

Director · represented by Palmans JELLE

since 2023

Establishments

Establishment units

Physical locations of this company

Registered office

Centrum-Zuid 2084

3530 Houthalen-Helchteren

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0665.667.547
VAT number
BE 0665.667.547
Registered office
Centrum-Zuid 2084, 3530 Houthalen-Helchteren
Names & denominations
Maxxtools
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
2 November 2016
Peppol
Not registered
Activities · NACE

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Frequently asked questions

What does Maxxtools do?
Maxxtools is a wholesaler in Houthalen-Helchteren. Private Limited, started on 2 November 2016, 1 establishment.
What is the address of Maxxtools?
The registered office of Maxxtools is located at Centrum-Zuid 2084, 3530 Houthalen-Helchteren.
Is Maxxtools still active?
No. The CBE lists Maxxtools with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is Maxxtools registered on Peppol?
No, Maxxtools is currently not registered on the Peppol network.
What is the enterprise number of Maxxtools?
The enterprise number of Maxxtools is BE0665667547.
When was Maxxtools founded?
Maxxtools was founded on 2 November 2016.