2make

Active

Private limited companyfounded 20205 yrs activeSint-Janstraat 42, 8700 Tielt, BelgiumKBO/BCE: BE 0757.786.170

2make has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32k and a net result of €-6k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 28% of 16691 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

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Checked score

Score 2025

55 / 100

Fair▼ -45 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-100

Solvency52▼-48

Growth22▼-13

Stability94

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.15 against 3.54 in 2024), and 69.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

30.8%

Return on assets

-5.4%

Age of the figures

11 mo

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-03-2026, 52 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

52 d early

2024

44 d early

2023

1 d early

2022

35 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

06-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€221k▼ 42.6%

2022 · €386k

2022: €386k

2022 → 2023

EBIT margin

11.6%▼ 7.8pp

2022 · 19.3%

2022: 19.3%

2022 → 2023

Net result

€-6k

2024 · €36k

2022: €57k 2023: €18k 2024: €36k

2022 → 2025

Working capital

€10k▼ 89.4%

2024 · €98k

2022: €54k 2023: €67k 2024: €98k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Turnover€386k-€221k▼ 42.6%

Equity€63k-€81k▲ 28.3%€117k▲ 43.7%€32k▼ 72.6%

Operating result€75k-€26k▼ 65.6%€53k▲ 107%€-4k

Net result€57k-€18k▼ 68.4%€36k▲ 98.0%€-6k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €4k after €53k in 2024, the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €104k

22.4%

77.6%

Fixed assets €23k▲ 21.9%

Current assets €81k▼ 40.8%

Equity and liabilities €104k

30.8%

69.2%

Equity €32k▼ 72.6%

Debt €72k▲ 86.6%

The debt ratio rises from 24.8% to 69.2%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€9k▼

2024 · €60k

Cash flow

€7k▼

2024 · €43k

Solvency

30.8%▼

2024 · 75.2%

Current ratio

1.15▼

2024 · 3.54

Quick ratio

1.11▼

2024 · 3.32

Debt / equity

2.25▲

2024 · 0.33

ROE

-17.5%▼

2024 · 30.4%

ROA

-5.4%▼

2024 · 22.9%

Interest coverage

22.39▼

2024 · 29.02

Debt

€72k▲

2024 · €39k

Debt ≤ 1 year

€70k▲

2024 · €39k

Income taxes

€2k▼

2024 · €16k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Total assets20/58€155k€104k▼

Fixed assets21/28€19k€23k▲

Tangible fixed assets22/27€19k€23k▲

Current assets29/58€136k€81k▼

Stocks & contracts in progress3€8k€3k▼

Amounts receivable within one year40/41€23k€49k▲

Cash & bank54/58€103k€26k▼

Total equity & liabilities10/49€155k€104k▼

Equity10/15€117k€32k▼

Contributions / capital10/11€7k€7k=

Reserves13€36k€26k▼

Accumulated profits (losses)14€75k-

Amounts payable17/49€39k€72k▲

Amounts payable within one year42/48€39k€70k▲

Trade debts payable within one year44€7k€4k▼

Income statement Code20242025

Gross operating margin9900€66k€11k▼

Operating result9901€53k€-4k▼

Financial income75€12€583▲

Financial charges65€2k€381▼

Result before taxes9903€51k€-4k▼

Income taxes67/77€16k€2k▼

Net result for the period9904€36k€-6k▼

Result to be appropriated9905€36k€-6k▼

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Timeline · acts, filings and financial milestones

All 7Financial 2Gazette 1Filings 4

Next filing, fiscal year 2026, expected by 30-04-2027

2026

09-03

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-09

Financial Weakest financial yearnet €-6k ▼116%

Net result drops to €-6k, the lowest in the series.

17-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

17-02

State Gazette act Registered-office change

2024

30-09

Financial Equity above €100kEq €117k ▲43.7%

3 profitable years in a row build equity to €117k.

29-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

26-03

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 2 acts read

About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.