M.K.F.
ActiveM.K.F. has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €83k and a net result of €693. Equity is growing by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 7723 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-1
Solvency40▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 6.24 against 3.61 in 2024; short-term debt: 6% and cash: 0.1% of total assets), but 85% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
15%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7723 sector peers (2025).
NBB · sector comparisonPosition among 7723 sector peers
Solvency
better than 23%
← weakest
strongest →
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
31 d late
2022
28 d late
2021
25 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€83k▲ 0.8%
2024 · €82k
2018: €25k
2019: €25k
2020: €25k
2021: €30k
2022: €28k
2023: €71k
2024: €82k
2018 → 2025
Total assets
€553k▼ 7.4%
2024 · €597k
2018: €271k
2019: €403k
2020: €542k
2021: €618k
2022: €615k
2023: €576k
2024: €597k
2018 → 2025
Net result
€693▼ 93.6%
2024 · €11k
2018: €287
2019: €341
2020: €-852
2021: €-78
2022: €-2k
2023: €43k
2024: €11k
2018 → 2025
Working capital
€174k▲ 4.2%
2024 · €167k
2018: €-43k
2019: €6k
2020: €-95k
2021: €-24k
2022: €14k
2023: €112k
2024: €167k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€28k▼ 6.1%€71k▲ 154%€82k▲ 15.2%€83k▲ 0.8%
Operating result€-584-€-3k▼ 492%€-825▲ 76.1%€4k€6k▲ 48.7%
Net result€-78-€-2k▼ 2,250%€43k€11k▼ 74.9%€693▼ 93.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 49% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €553k
Fixed assets
€345k▼ 5.6%
Current assets
€208k▼ 10.3%
Equity and liabilities €553k
Equity
€83k▲ 0.8%
Debt
€470k▼ 8.7%
The debt ratio falls from 86.2% to 85.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▼
2024 · €39k
Cash flow
€30k▼
2024 · €46k
Solvency
15.0%▲
2024 · 13.8%
Current ratio
6.24▲
2024 · 3.61
Quick ratio
6.24▲
2024 · 3.61
Debt / equity
5.65▼
2024 · 6.25
ROE
0.8%▼
2024 · 13.2%
ROA
0.1%▼
2024 · 1.8%
Interest coverage
3.90▲
2024 · 3.75
Debt
€470k▼
2024 · €515k
Debt ≤ 1 year
€33k▼
2024 · €64k
Debt > 1 year
€436k▼
2024 · €451k
Income taxes
€54▼
2024 · €2k
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
Assets
Total assets20/58€597k€553k▼
Fixed assets21/28€366k€345k▼
Intangible fixed assets21€560€0▼
Tangible fixed assets22/27€193k€173k▼
Land and buildings22€138k€129k▼
Plant, machinery and equipment23€45k€39k▼
Furniture and vehicles24€9k€5k▼
Financial fixed assets28€173k€173k=
Current assets29/58€231k€208k▼
Amounts receivable within one year40/41€211k€188k▼
Trade receivables40€24k€33k▲
Other amounts receivable41€187k€156k▼
Cash at bank and in hand54/58€6k€782▼
Deferred charges and accrued income490/1€14k€18k▲
Equity and liabilities
Total equity and liabilities10/49€597k€553k▼
Equity10/15€82k€83k▲
Contributions10/11€19k€19k=
Reserves13€64k€64k▲
Non-distributable reserves130/1€700€700=
Reserves not available under the articles1311€700€700=
Distributable reserves133€63k€64k▲
Amounts payable17/49€515k€470k▼
Amounts payable after more than one year17€451k€436k▼
Financial debts170/4€451k€436k▼
Amounts payable within one year42/48€64k€33k▼
Current portion of amounts payable after more than one year42€19k€13k▼
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Advances received on contracts in progress46€2k€2k=
Taxes, remuneration and social security45€11k€6k▼
Taxes450/3€11k€6k▼
Other amounts payable47/48€27k€9k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€29k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€41k€36k▼
Operating profit (loss)9901€4k€6k▲
Financial income75/76B€20k€4k▼
Recurring financial income75€20k€4k▼
Financial charges65/66B€11k€9k▼
Recurring financial charges65€11k€9k▼
Profit (loss) for the period before taxes9903€13k€747▼
Income taxes67/77€2k€54▼
Profit (loss) for the period9904€11k€693▼
Profit (loss) for the period to be appropriated9905€11k€693▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€693▼
Transfer to equity691/2€11k€693▼
To other reserves6921€11k€693▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €43k
Net result €43k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.50
Current ratio from 1.08 to 2.50; short-term debt falls from €181k to €74k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 1.11
Current ratio from 0.35 to 1.11; short-term debt falls from €66k to €53k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Lebbeke · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Visstraat 369280 LebbekeGround area
684 m²
Building footprint
219 m²
Volume, LiDAR
1,634 m³
2 parcels, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Leopoldlaan 19, 9200 Dendermonde
since 19982.088.479.878
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42005A0702/00Z002 | Flanders | 439 m² | 1 · 89 m² | 10.8 m · 2 fl. |
| 42006D0815/00E003 | Flanders | 245 m² | 1 · 130 m² | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AG-S
BE 0772.986.466
Ukkel · Eq €83k
CM CONSULT
BE 0479.245.920
Ukkel · Eq €83k
EVEDBA
BE 1012.597.549
Geraardsbergen · Eq €83k
ALPHA - FISC
BE 0464.462.130
Maaseik · Eq €83k
ALL 4 U IC MANAGEMENT
BE 0846.480.891
Meise · Eq €83k
Of 11,221 companies in sector 82100 we hold annual accounts for 3,511. 2,597 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-07-1996
Fiscal year end31-12
Activities, NACEBEL
82100Office administrative and support services
82110Office administrative, office support and other business support activities
33120Repair and maintenance of machinery
73110Advertising agencies
82300Organisation of conventions and trade shows
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.