De Makerij
ActiveSummary
De Makerij has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€41,808) and a net result of €1,974. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 16% of 22,793 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-06-2012 Normal situation
- Activity
- Other non-specialised retail sale NACE 47120and 11 others
- Joint committee
- 201 Paritair Comité voor de zelfstandige kleinhandel · annual accounts 2025
- Establishment unit
- 2.210.892.393 2235 Hulshout, since 11-06-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 16-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.4%
- Gross margin
- €40,407
- ▲ 11.9%
- Turnover
- ≈ €470,000
- estimated
- Profit
- €1,974
- ▼ 48.6%
- Equity
- -€41,808
- ▲ 4.5%
- Total assets
- €214,804
- ▲ 15.9%
- Employees on 31-12-2025
- 1
- =
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€41,8081 change of registered office in 24 monthsSector: Retail trade (NACE 47)lowers riskSize: total assets €214,804Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 14% of them on solvency, 20% on liquidity, 51% on profitability and 51% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 33 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 14 filings
Every figure per financial year
The operating result for 2025 is 62% lower than in 2024 and the lowest since 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 1 | 1 | 1 | 1 |
| full-time | - | - | - | - | 1 |
| part-time | 2 | 1 | 1 | 1 | 0 |
| in full-time equivalents | 0.6 | 0.4 | 0.4 | 0.5 | 1 |
| Average over the year, in full-time equivalents | 0.4 | 0.6 | 0.4 | 0.5 | 0.5 |
| On a permanent contract | 2 | 1 | 1 | 1 | 1 |
| Joined | 1 | 26 | 31 | 11 | - |
| Left | 0 | 27 | 31 | 11 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,884 | €9,086 | €755 | - | - |
| Depreciation and write-downs of the year | €8,009 | €8,435 | €10,074 | €9,160 | €9,198 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €2,000 awarded · €2,000 paid| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €12,465 | €18,259 | €20,216 | €21,177 | €28,381 | ▲ 34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,897 | €5,494 | €6,291 | €8,009 | €8,435 | €10,074 | €9,160 | €9,198 | ▲ 0.4% |
| Other operating charges640/8 | - | - | - | €738 | €492 | €805 | €907 | €1,228 | ▲ 35.4% |
| Non-recurring operating charges66A | - | - | - | €1,237 | €62 | - | €639 | - | - |
| Gross operating margin9900 | €22,910 | €5,825 | -€9,644 | -€3,660 | €8,159 | €34,435 | €36,105 | €40,407 | ▲ 11.9% |
| Operating profit (loss)9901 | €742 | -€13,025 | -€28,258 | -€26,109 | -€19,089 | €3,339 | €4,221 | €1,601 | ▼ 62.1% |
| Financial income75/76B | - | - | - | €107 | €68 | €158 | €203 | €109 | ▼ 46.4% |
| Recurring financial income75 | €388 | €214 | €58 | €107 | €68 | €158 | €203 | €109 | ▼ 46.4% |
| Financial charges65/66B | - | - | - | €233 | €385 | €554 | €587 | €440 | ▼ 25.1% |
| Recurring financial charges65 | €67 | €177 | €68 | €233 | €385 | €554 | €587 | €440 | ▼ 25.1% |
| Profit (loss) for the period before taxes9903 | €1,063 | -€12,988 | -€28,268 | -€26,235 | -€19,406 | €2,943 | €3,836 | €1,270 | ▼ 66.9% |
| Income taxes67/77 | €601 | €117 | - | -€1,182 | -€117 | - | - | -€704 | - |
| Profit (loss) for the period9904 | €462 | -€13,105 | -€28,268 | -€25,053 | -€19,289 | €2,943 | €3,836 | €1,974 | ▼ 48.6% |
| Profit (loss) for the period to be appropriated9905 | €462 | -€13,105 | -€28,268 | -€25,053 | -€19,289 | €2,943 | €3,836 | €1,974 | ▼ 48.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €110,542 | €158,200 | €134,823 | €171,894 | €187,927 | €198,713 | €185,358 | €214,804 | ▲ 15.9% |
| Fixed assets21/28 | €12,225 | €37,715 | €48,097 | €59,400 | €60,051 | €50,731 | €41,571 | €32,374 | ▼ 22.1% |
| Tangible fixed assets22/27 | €12,225 | €37,715 | €48,097 | €59,400 | €60,051 | €50,731 | €41,571 | €32,374 | ▼ 22.1% |
| Land and buildings22 | - | - | - | €57,405 | €56,279 | €47,965 | €39,651 | €31,300 | ▼ 21.1% |
| Plant, machinery and equipment23 | - | - | - | €1,995 | €997 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €2,775 | €2,766 | €1,920 | €1,074 | ▼ 44.1% |
| Current assets29/58 | €98,317 | €120,486 | €86,726 | €112,494 | €127,876 | €147,981 | €143,787 | €182,431 | ▲ 26.9% |
| Stocks and contracts in progress3 | €33,098 | €47,882 | €67,882 | €79,634 | €104,509 | €109,506 | €112,047 | €139,922 | ▲ 24.9% |
| Stocks30/36 | - | - | - | €79,634 | €104,509 | €109,506 | €112,047 | €139,922 | ▲ 24.9% |
| Amounts receivable within one year40/41 | €21,653 | €25,285 | €17,190 | €24,727 | €5,600 | €10,730 | €3,304 | €2,868 | ▼ 13.2% |
| Trade receivables40 | - | - | - | €6,116 | €4,768 | €5,003 | €151 | €50 | ▼ 66.9% |
| Other amounts receivable41 | - | - | - | €18,611 | €833 | €5,727 | €3,153 | €2,818 | ▼ 10.6% |
| Cash at bank and in hand54/58 | €43,567 | €46,962 | €1,297 | €7,776 | €17,766 | €27,746 | €28,113 | €36,883 | ▲ 31.2% |
| Deferred charges and accrued income490/1 | - | - | - | €357 | - | - | €323 | €2,758 | ▲ 753% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €110,542 | €158,200 | €134,823 | €171,894 | €187,927 | €198,713 | €185,358 | €214,804 | ▲ 15.9% |
| Equity10/15 | €22,755 | €22,050 | -€6,218 | -€31,271 | -€50,561 | -€47,618 | -€43,781 | -€41,808 | ▲ 4.5% |
| Contributions10/11 | €6,200 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €16,555 | €3,450 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | - | - | -€26,678 | -€51,731 | -€71,021 | -€68,078 | -€64,241 | -€62,268 | ▲ 3.1% |
| Amounts payable17/49 | €87,787 | €136,151 | €141,041 | €203,165 | €238,488 | €246,330 | €229,140 | €256,612 | ▲ 12.0% |
| Amounts payable within one year42/48 | €87,787 | €136,151 | €141,041 | €203,165 | €238,488 | €246,206 | €229,140 | €256,612 | ▲ 12.0% |
| Trade debts44 | €3,560 | €18,267 | €24,331 | €36,606 | €11,786 | €39,650 | €5,594 | €15,579 | ▲ 179% |
| Suppliers440/4 | - | - | - | €36,606 | €11,786 | €39,650 | €5,594 | €15,579 | ▲ 179% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €10,000 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €3,052 | €8,453 | €3,853 | €5,972 | €7,786 | ▲ 30.4% |
| Taxes450/3 | - | - | - | €2,050 | €5,303 | €103 | €3,061 | €1,205 | ▼ 60.6% |
| Remuneration and social security454/9 | - | - | - | €1,002 | €3,150 | €3,750 | €2,911 | €6,581 | ▲ 126% |
| Other amounts payable47/48 | - | - | - | €163,507 | €218,248 | €202,703 | €207,574 | €233,247 | ▲ 12.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €124 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €462 | -€13,105 | -€28,268 | -€25,053 | -€19,289 | €2,943 | €3,836 | €1,974 | ▼ 48.6% |
| + Depreciation and write-downs630 | €1,897 | €5,494 | €6,291 | €8,009 | €8,435 | €10,074 | €9,160 | €9,198 | ▲ 0.4% |
| Operating cash flow (approximation) | €2,359 | -€7,611 | -€21,977 | -€17,044 | -€10,854 | €13,017 | €12,996 | €11,171 | ▼ 14.0% |
| Investment in fixed assets (approximation) | - | -€30,984 | -€16,673 | -€19,312 | -€9,086 | -€755 | €0 | €0 | - |
| Change in cash | - | €3,395 | -€45,665 | €6,478 | €9,991 | €9,980 | €367 | €8,769 | ▲ 24× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,379 companies had the same profile as De Makerij has now. Two years later, 94.3% were still going and 2.4% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of De Makerij itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,379 companies, not a prediction for De Makerij. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00378938 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00452576 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00301481 | |
| 31-12-2022 | micro format | 30-10-2023 | 2023-00498849 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20343387 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-65100097 | |
| 31-12-2019 | micro format | 22-09-2020 | 2020-55100439 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-42900007 | |
| 31-12-2017 | micro format | 14-08-2018 | 2018-45800442 | |
| 31-12-2016 | micro format | 09-08-2017 | 2017-42000540 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
De Makerij shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of De Makerij. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
30-06
Gazette deed
Registered office moved within HulshoutNew seat: Grote Baan 72, 2235 Hulshout · Previous seat: Kapelaniestraat 14, 2235 Hulshout2 points ▸
- General meeting, 09-04-2024
- Registered-office move, Grote Baan 72, 2235 Hulshout
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13016E0079/00E000 | Flanders | 1,121 m² | 1 · 198 m² | 10.3 m · 1 |