MACKOWIAK
ActiveMACKOWIAK has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50k and a net result of €-2k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 84% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▲+21
Solvency100▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 6.42 against 4.07 in 2024; short-term debt: 14.3% and cash: 63.5% of total assets), and 20.9% 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
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
Sector 43
higher
← 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
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
79.1%
Return on assets
-3.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-2k
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
29 d late
2023
29 d late
2022
116 d late
2021
89 d late
2020
132 d late
2019
90 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€50k▼ 4.3%
2024 · €52k
2018: €40k
2019: €39k
2020: €53k
2021: €50k
2022: €40k
2023: €59k
2024: €52k
2018 → 2025
Total assets
€63k▼ 13.7%
2024 · €73k
2018: €72k
2019: €53k
2020: €97k
2021: €92k
2022: €67k
2023: €85k
2024: €73k
2018 → 2025
Net result
€-2k▲ 67.2%
2024 · €-7k
2018: €-11
2019: €3k
2020: €19k
2021: €-3k
2022: €-9k
2023: €19k
2024: €-7k
2018 → 2025
Working capital
€49k▼ 1.0%
2024 · €49k
2018: €47k
2019: €41k
2020: €53k
2021: €41k
2022: €35k
2023: €52k
2024: €49k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€40k▼ 18.8%€59k▲ 46.0%€52k▼ 11.5%€50k▼ 4.3%
Operating result€-1k-€-8k▼ 504%€27k€-5k€-301▲ 93.9%
Net result€-3k-€-9k▼ 185%€19k€-7k€-2k▲ 67.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €301 in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€5k▼ 32.0%
Current assets
€58k▼ 11.5%
Equity and liabilities €63k
Equity
€50k▼ 4.3%
Debt
€13k▼ 37.1%
The debt ratio falls from 28.7% to 20.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6k▲
2024 · €3k
Cash flow
€4k▲
2024 · €1k
Solvency
79.1%▲
2024 · 71.3%
Current ratio
6.42▲
2024 · 4.07
Quick ratio
6.15▲
2024 · 3.84
Debt / equity
0.26▼
2024 · 0.40
ROE
-4.5%▲
2024 · -13.0%
ROA
-3.5%▲
2024 · -9.3%
Interest coverage
3.23▲
2024 · 1.51
Debt
€13k▼
2024 · €21k
Debt ≤ 1 year
€9k▼
2024 · €16k
Debt > 1 year
€4k▼
2024 · €5k
Income taxes
€211▼
2024 · €266
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€73k€63k▼
Fixed assets21/28€8k€5k▼
Tangible fixed assets22/27€8k€5k▼
Plant, machinery and equipment23€998€218▼
Furniture and vehicles24€7k€1k▼
Other tangible fixed assets26-€4k
Current assets29/58€66k€58k▼
Stocks and contracts in progress3€4k€2k▼
Stocks30/36€4k€2k▼
Amounts receivable within one year40/41€37k€12k▼
Trade receivables40€32k€6k▼
Other amounts receivable41€5k€7k▲
Cash at bank and in hand54/58€21k€40k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€73k€63k▼
Equity10/15€52k€50k▼
Contributions10/11€6k€6k=
Reserves13€46k€44k▼
Distributable reserves133€46k€44k▼
Amounts payable17/49€21k€13k▼
Amounts payable after more than one year17€5k€4k▼
Financial debts170/4€0-
Other amounts payable178/9€5k€4k▼
Amounts payable within one year42/48€16k€9k▼
Current portion of amounts payable after more than one year42€5k€0▼
Trade debts44€5k€9k▲
Suppliers440/4€5k€9k▲
Taxes, remuneration and social security45€6k€324▼
Taxes450/3€6k€324▼
Accrued charges and deferred income492/3-€221
Income statement
Code20242025
Non-recurring operating income76A€0€51▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€6k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€5k€9k▲
Operating profit (loss)9901€-5k€-301▲
Financial income75/76B€387€193▼
Recurring financial income75€387€193▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-7k€-2k▲
Income taxes67/77€266€211▼
Profit (loss) for the period9904€-7k€-2k▲
Profit (loss) for the period to be appropriated9905€-7k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-2k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€7k€2k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (7 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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 116 days late
2022
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 89 days late
2021
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 132 days late
2020
31-12
Financial
Highest result since 2018net €19k ▲461%
Net result €19k, the highest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Hasselt · 1 establishment unit since 2010
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.
Stationsstraat 253722 HasseltGround area
1,249 m²
Building footprint
118 m²
Volume, LiDAR
819 m³
Parcel 73101A0257/00H000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MACKOWIAK
since 20102.189.531.708
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73101A0257/00H000 | Flanders | 1,249 m² | 1 · 118 m² | 9.2 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,655 EUR awarded · 1,655 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 681 EUR | 681 EUR |
| 2024 | 1 | 974 EUR | 974 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,524 companies in sector 43222 we hold annual accounts for 5,657. 4,554 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-06-2010
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.