MA KINA
ActiveMA KINA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-6k) and a net result of €-8k. Equity is shrinking by ~39.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 708 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
22
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0▼-43
Growth22=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.6 in 2024; short-term debt: 198.6% and cash: 14.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-98.7%
Return on assets
-132.7%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-6k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 20-02-2026, 20 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
20 d late
2024
3 d late
2023
5 d early
2022
48 d early
2021
45 d early
2020
22 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€6k▼ 64.2%
2024 · €17k
2019: €124k
2020: €72k
2021: €39k
2022: €31k
2023: €27k
2024: €17k
2019 → 2025
EBIT margin
-137.2%▼ 110.6pp
2024 · -26.6%
2019: 3.0%
2020: 14.1%
2021: -13.4%
2022: -0.3%
2023: -19.3%
2024: -26.6%
2019 → 2025
Net result
€-8k▼ 83.3%
2024 · €-5k
2019: €2k
2020: €8k
2021: €-5k
2022: €-127
2023: €-5k
2024: €-5k
2019 → 2025
Working capital
€-11k▼ 192%
2024 · €-4k
2019: €-7k
2020: €8k
2021: €-5k
2022: €1k
2023: €95
2024: €-4k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€39k-€31k▼ 20.9%€27k▼ 10.5%€17k▼ 38.4%€6k▼ 64.2%
Equity€12k-€12k▼ 1.0%€7k▼ 44.3%€2k▼ 68.1%€-6k
Operating result€-5k-€-89▲ 98.3%€-5k▼ 5,871%€-4k▲ 15.1%€-8k▼ 84.4%
Net result€-5k-€-127▲ 97.6%€-5k▼ 4,103%€-5k▲ 14.4%€-8k▼ 83.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €4k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6k
Fixed assets
€5k▼ 21.6%
Current assets
€2k▼ 71.4%
Key figures and ratios
EBITDA
€-7k▼
2024 · €-3k
Cash flow
€-7k▼
2024 · €-3k
Solvency
-98.7%▼
2024 · 18.5%
Current ratio
0.13▼
2024 · 0.60
Quick ratio
0.09▼
2024 · 0.54
Debt / equity
-2.01▼
2024 · 4.41
ROA
-132.7%▼
2024 · -39.4%
Interest coverage
-129.55▼
2024 · -53.84
Debt
€13k▲
2024 · €9k
Debt ≤ 1 year
€12k▲
2024 · €9k
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€12k€6k▼
Fixed assets21/28€6k€5k▼
Tangible fixed assets22/27€6k€5k▼
Plant, machinery and equipment23€668€429▼
Furniture and vehicles24€5k€4k▼
Financial fixed assets28€80€80=
Current assets29/58€6k€2k▼
Stocks and contracts in progress3€524€524=
Stocks30/36€524€524=
Amounts receivable within one year40/41€2k€140▼
Trade receivables40€1k-
Other amounts receivable41€541€140▼
Cash at bank and in hand54/58€3k€891▼
Deferred charges and accrued income490/1€33€33▲
Equity and liabilities
Total equity and liabilities10/49€12k€6k▼
Equity10/15€2k€-6k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-6k€-14k▼
Amounts payable17/49€9k€13k▲
Amounts payable within one year42/48€9k€12k▲
Trade debts44€312€505▲
Suppliers440/4€312€505▲
Advances received on contracts in progress46-€119
Taxes, remuneration and social security45-€389
Taxes450/3-€389
Other amounts payable47/48€9k€11k▲
Accrued charges and deferred income492/3€125€8▼
Income statement
Code20242025
Turnover70€17k€6k▼
Goods, raw materials, services and sundry goods60/61€19k€12k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€786-
Other operating charges640/8€454€785▲
Non-recurring operating charges66A-€500
Gross operating margin9900€-2k€-6k▼
Operating profit (loss)9901€-4k€-8k▼
Financial income75/76B€4-
Recurring financial income75€4-
Financial charges65/66B€59€54▼
Recurring financial charges65€59€54▼
Profit (loss) for the period before taxes9903€-5k€-8k▼
Profit (loss) for the period9904€-5k€-8k▼
Profit (loss) for the period to be appropriated9905€-5k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-14k▼
Profit (loss) brought forward from the previous period14P€-1k€-6k▼
The notes to these accounts (8 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
20-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 20 days late
2025
30-06
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 3 days late
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 22 days late
2020
30-06
Financial
Highest result since 2019net €8k ▲244%
Operating result €10k, net result €8k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB 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.
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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, Tintigny · 1 establishment unit since 2015
Ground area
1,806 m²
Building footprint
320 m²
Volume, LiDAR
2,339 m³
Parcel 85039B0154/00E000, Wallonia · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du 22-Août,Tintigny 93, 6730 Tintigny
since 20152.242.742.839
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85039B0154/00E000 | Wallonia | 1,806 m² | 1 · 320 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 9,857 companies in sector 73110 we hold annual accounts for 3,754. 868 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-06-2015
Fiscal year end30-06
Activities, NACEBEL
73110Advertising agencies
13300Finishing of textiles
18120Other printing
46150Agents in the wholesale of furniture, household goods and hardware
47639Retail sale of other sporting goods
47640Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.