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 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FNRCK Max from Gent, company number BE0881017148, closed financial year 2025 with a result of € 39,884 after tax. For that financial year FNRCK Max recorded a gross margin of € 58,298 and equity of € -145,905. Compared with financial year 2024, the result moved from € 29,209 to € 39,884. 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 September 26, 2025.
€ -145,905
▲ € 39,884 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 39,884
▲ 37% vs 2024
Profit after tax over the fiscal year.
€ 17,940
▲ 8% 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 € -164,505.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 662
▲ € 521 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,404
▼ 15% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -12,947 | € -5,123 | € 39,071 | € 58,298 | ▲ 49% |
| Profit after taxes | € -9,981 | € -97,782 | € 29,209 | € 39,884 | ▲ 37% |
| Equity | € -117,216 | € -214,998 | € -185,789 | € -145,905 | ▲ € 39,884 |
| Total debts | € 273,758 | € 277,181 | € 240,479 | € 194,635 | ▼ 19% |
| Cash | € 1,344 | € 30,569 | € 16,659 | € 17,940 | ▲ 8% |
| Retained profit | € -135,816 | € -233,598 | € -204,389 | € -164,505 | ▲ € 39,884 |
| Balance sheet total | € 156,542 | € 62,183 | € 54,690 | € 48,730 | ▼ 11% |
Key figures of FNRCK Max, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to FNRCK Max?
What happened at FNRCK Max in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New establishment in Etterbeek. KBO
- New annual accounts for financial year 2025: profit of € 39,884 (▲ 37% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Maria Belen Ordas-Pellitero became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 9,981 loss in 2022 to € 39,884 profit in 2025.
Paid € 19,918 in corporate taxes since 2022.
Best year ever: 2025, with € 39,884 profit.
Management
Behind FNRCK Max is Maria Belen Ordas-Pellitero.
Directors
According to the 2025 annual accounts
Maria Belen Ordas-Pellitero
Director
since 2006
Establishments
Establishment units
Physical locations of this company
Gelukstraat 34
9000 Gent
Witte Patersstraat 4
1040 Etterbeek
Active since 3 September 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0881.017.148
- VAT number
- BE 0881.017.148
- Registered office
- Gelukstraat 34, 9000 Gent
- Names & denominations
- FNRCK Max
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 April 2006
- Peppol
- Active · Active since 27 Jul 2026
- Contact
- [email protected]
- Activities · NACE
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