M.K. Design
ActiveSummary
The computed 12-month bankruptcy probability of M.K. Design is 3.2% (moderate). The 2025 annual accounts show equity of €38k and a net result of €36k. Equity is growing by ~45.1% per year across the filed fiscal years. Its solvency ranks better than 77% of 27965 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency97▲+15
Growth52=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 3.29 against 2.25 in 2024; short-term debt: 27.7% and cash: 83.4% of total assets), and 27.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.3%
Return on assets
67.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
107 d late
2022
30 d late
2021
95 d late
2020
129 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€84k▲ 118%
2022 · €38k
2020: €128khighest in 4 years
2021: €75k▼ -41.4% vs 2020
2022: €38k▼ -48.8% vs 2021lowest in 4 years
2023: €84k▲ +118% vs 2022
2020 → 2023
EBIT margin
33.7%▲ 69.2pp
2022 · -35.4%
2020: 14.6%
2021: -27.7%▼ -290% vs 2020
2022: -35.4%▼ -28.0% vs 2021lowest in 4 years
2023: 33.7%▲ +195% vs 2022highest in 4 years
2020 → 2023
Net result
€36k▲ 55.3%
2024 · €23k
2020: €18k
2021: €-22k▼ -222% vs 2020lowest in 6 years
2022: €-15k▲ +32.8% vs 2021
2023: €28k▲ +290% vs 2022
2024: €23k▼ -16.3% vs 2023
2025: €36k▲ +55.3% vs 2024highest in 6 years
2020 → 2025
Working capital
€34k▲ 53.5%
2024 · €22k
2020: €15k
2021: €-7k▼ -146% vs 2020
2022: €-21k▼ -213% vs 2021lowest in 6 years
2023: €7k▲ +135% vs 2022
2024: €22k▲ +203% vs 2023
2025: €34k▲ +53.5% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€75k-€38k▼ 48.8%€84k▲ 118%
2021: €75k
2022: €38k▼ -48.8% vs 2021lowest in 3 years
2023: €84k▲ +118% vs 2022highest in 3 years
Equity€-942-€-15k▼ 1,540%€11k€23k▲ 108%€38k▲ 63.0%
2021: €-942
2022: €-15k▼ -1540% vs 2021lowest in 5 years
2023: €11k▲ +173% vs 2022
2024: €23k▲ +108% vs 2023
2025: €38k▲ +63.0% vs 2024highest in 5 years
Operating result€-21k-€-14k▲ 34.4%€28k€25k▼ 10.1%€42k▲ 65.5%
2021: €-21klowest in 5 years
2022: €-14k▲ +34.4% vs 2021
2023: €28k▲ +308% vs 2022
2024: €25k▼ -10.1% vs 2023
2025: €42k▲ +65.5% vs 2024highest in 5 years
Net result€-22k-€-15k▲ 32.8%€28k€23k▼ 16.3%€36k▲ 55.3%
2021: €-22klowest in 5 years
2022: €-15k▲ +32.8% vs 2021
2023: €28k▲ +290% vs 2022
2024: €23k▼ -16.3% vs 2023
2025: €36k▲ +55.3% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 65% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€5k ▲ 190%
Current assets
€48k ▲ 22.5%
Equity and liabilities €53k
Equity
€38k ▲ 63.0%
Debt
€15k ▼ 16.2%
Debt's share of the balance-sheet total falls from 42.7% to 27.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€44k▲
2024 · €31k
Cash flow
€38k▲
2024 · €29k
Current ratio
3.29▲
2024 · 2.25
Debt to equity
0.38▼
2024 · 0.75
ROE
93.5%▼
2024 · 98.2%
ROA
67.6%▲
2024 · 56.2%
Interest coverage
23.91▼
2024 · 42.86
Debt ≤ 1 year
€15k▼
2024 · €18k
Income taxes
€4k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€41k€53k▲
Fixed assets21/28€2k€5k▲
Tangible fixed assets22/27€2k€5k▲
Plant, machinery and equipment23€913€1k▲
Furniture and vehicles24€708€4k▲
Current assets29/58€39k€48k▲
Amounts receivable within one year40/41€1k€3k▲
Trade receivables40€135€735▲
Other amounts receivable41€909€2k▲
Cash at bank and in hand54/58€38k€44k▲
Deferred charges and accrued income490/1€99€958▲
Equity and liabilities
Total equity and liabilities10/49€41k€53k▲
Equity10/15€23k€38k▲
Contributions10/11€3k€3k=
Reserves13€300€300=
Non-distributable reserves130/1€300€300=
Reserves not available under the articles1311€300€300=
Profit (loss) carried forward14€20k€35k▲
Amounts payable17/49€18k€15k▼
Amounts payable within one year42/48€18k€15k▼
Current portion of amounts payable after more than one year42€2k-
Trade debts44€30€582▲
Suppliers440/4€30€582▲
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3€2k€7k▲
Other amounts payable47/48€13k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k-
Other operating charges640/8€149€149▲
Gross operating margin9900€39k€44k▲
Operating profit (loss)9901€25k€42k▲
Financial charges65/66B€726€2k▲
Recurring financial charges65€726€2k▲
Profit (loss) for the period before taxes9903€25k€40k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€23k€36k▲
Profit (loss) for the period to be appropriated9905€23k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€56k▲
Profit (loss) brought forward from the previous period14P€8k€20k▲
Profit to be distributed694/7€11k€21k▲
Return on contributions (dividend)694€10k€1k▼
Directors or managers695€833€20k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €75k | €38k | €84k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €87k | €44k | €48k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €8k | €6k | €2k | ▼ 65.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €8k | - | - |
| Other operating charges640/8 | €149 | €149 | €149 | €149 | €149 | ▲ 0.1% |
| Non-recurring operating charges66A | €2k | €148 | €347 | - | - | - |
| Gross operating margin9900 | €-12k | €-5k | €37k | €39k | €44k | ▲ 13.7% |
| Operating profit (loss)9901 | €-21k | €-14k | €28k | €25k | €42k | ▲ 65.5% |
| Financial income75/76B | €0 | €20 | - | - | - | - |
| Recurring financial income75 | €0 | €20 | - | - | - | - |
| Financial charges65/66B | €857 | €933 | €726 | €726 | €2k | ▲ 153% |
| Recurring financial charges65 | €857 | €933 | €726 | €726 | €2k | ▲ 153% |
| Profit (loss) for the period before taxes9903 | €-22k | €-15k | €28k | €25k | €40k | ▲ 62.9% |
| Income taxes67/77 | - | - | - | €2k | €4k | ▲ 170% |
| Profit (loss) for the period9904 | €-22k | €-15k | €28k | €23k | €36k | ▲ 55.3% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €-15k | €28k | €23k | €36k | ▲ 55.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34k | €25k | €35k | €41k | €53k | ▲ 29.1% |
| Fixed assets21/28 | €19k | €13k | €6k | €2k | €5k | ▲ 190% |
| Tangible fixed assets22/27 | €19k | €13k | €6k | €2k | €5k | ▲ 190% |
| Plant, machinery and equipment23 | €2k | €2k | €2k | €913 | €1k | ▲ 30.0% |
| Furniture and vehicles24 | €17k | €11k | €4k | €708 | €4k | ▲ 397% |
| Current assets29/58 | €16k | €12k | €29k | €39k | €48k | ▲ 22.5% |
| Amounts receivable within one year40/41 | €11k | €10k | €7k | €1k | €3k | ▲ 199% |
| Trade receivables40 | €9k | €10k | €5k | €135 | €735 | ▲ 446% |
| Other amounts receivable41 | €2k | €524 | €2k | €909 | €2k | ▲ 162% |
| Cash at bank and in hand54/58 | €4k | €471 | €21k | €38k | €44k | ▲ 15.5% |
| Deferred charges and accrued income490/1 | €829 | €855 | €979 | €99 | €958 | ▲ 866% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34k | €25k | €35k | €41k | €53k | ▲ 29.1% |
| Equity10/15 | €-942 | €-15k | €11k | €23k | €38k | ▲ 63.0% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €300 | €300 | €300 | €300 | €300 | = |
| Non-distributable reserves130/1 | €300 | €300 | €300 | €300 | €300 | = |
| Reserves not available under the articles1311 | €300 | €300 | €300 | €300 | €300 | = |
| Profit (loss) carried forward14 | €-4k | €-19k | €8k | €20k | €35k | ▲ 73.3% |
| Amounts payable17/49 | €35k | €40k | €24k | €18k | €15k | ▼ 16.2% |
| Amounts payable after more than one year17 | €13k | €8k | €2k | - | - | - |
| Financial debts170/4 | €13k | €8k | €2k | - | - | - |
| Amounts payable within one year42/48 | €22k | €33k | €22k | €18k | €15k | ▼ 16.2% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | €5k | €2k | - | - |
| Trade debts44 | €122 | €1k | €129 | €30 | €582 | ▲ 1,857% |
| Suppliers440/4 | €122 | €1k | €129 | €30 | €582 | ▲ 1,857% |
| Taxes, remuneration and social security45 | €2k | - | €240 | €2k | €7k | ▲ 250% |
| Taxes450/3 | €2k | - | €240 | €2k | €7k | ▲ 250% |
| Other amounts payable47/48 | €15k | €26k | €16k | €13k | €7k | ▼ 43.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €-15k | €28k | €23k | €36k | ▲ 55.3% |
| + Depreciation and write-downs630 | €7k | €8k | €8k | €6k | €2k | ▼ 65.7% |
| Operating cash flow (approximation) | €-14k | €-7k | €36k | €29k | €38k | ▲ 31.2% |
| Investment in fixed assets (approximation) | - | €-2k | €-1k | €-860 | €-5k | ▼ 487% |
| Change in cash | - | €-3k | €21k | €17k | €6k | ▼ 65.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2020net €36k ▲55.3%
Operating result €42k, net result €36k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
15-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 107 days late
2023
31-12
Financial
Back to profitnet €28k
Net result €28k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.33
Current ratio from 0.36 to 1.33; short-term debt falls from €33k to €22k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 95 days late
2021
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 129 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2019
Ground area
223 m²
Building footprint
217 m²
Volume, LiDAR
2,013 m³
Parcel 21906D0065/02G003, Brussels · tallest building 18.9 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
M.K. Design
since 20192.296.530.725
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0065/02G003 | Brussels | 223 m² | 1 · 217 m² | 18.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,124 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43343Specialised construction activities
43350Other building finishing work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.