MAK

Active

Private limited companyfounded 201510 yrs activeOpzichterstraat 284, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0641.739.825

The computed 12-month bankruptcy probability of MAK is 2.8% (moderate). The 2024 annual accounts show equity of €22k and a net result of €8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 6714 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

56 / 100

Fair▲ +36 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency16=

Growth78▲+46

Stability100

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity short (current ratio 0.65 against 0.79 in 2023), and 80.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

19.6%

Return on assets

7.5%

Age of the figures

20 mo

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €22k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 9 filings

Deviation from the deadline

2025

not confirmed

2024

60 d late

2023

222 d late

2022

60 d late

2021

31 d late

2020

92 d late

2019

119 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€8k

2023 · €-663

2018: €359 2019: €-6k 2020: €-5k 2021: €-393 2022: €7k 2023: €-663

2018 → 2024

Working capital

€-31k▼ 110%

2023 · €-15k

2018: €-80k 2019: €-69k 2020: €-51k 2021: €-30k 2022: €-18k 2023: €-15k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€7k-€7k▼ 5.5%€14k▲ 110%€13k▼ 4.7%€22k▲ 62.7%

Operating result€-2k-€8k€12k▲ 40.0%€16k▲ 34.7%€15k▼ 5.5%

Net result€-5k-€-393▲ 92.5%€7k€-663€8k

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 5% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €112k

47.4%

52.6%

Fixed assets €53k▲ 35.0%

Current assets €59k▲ 6.8%

Equity and liabilities €112k

19.6%

80.4%

Equity €22k▲ 62.7%

Debt €90k▲ 11.2%

The debt ratio falls from 85.7% to 80.4%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€29k▲

2023 · €25k

Cash flow

€22k▲

2023 · €8k

Solvency

19.6%▲

2023 · 14.3%

Current ratio

0.65▼

2023 · 0.79

Quick ratio

0.65▼

2023 · 0.79

Debt / equity

4.11▼

2023 · 6.02

ROE

38.5%▲

2023 · -4.9%

ROA

7.5%▲

2023 · -0.7%

Interest coverage

7.72▲

2023 · 1.79

Debt

€90k▲

2023 · €81k

Debt ≤ 1 year

€90k▲

2023 · €70k

Income taxes

€3k▲

2023 · €3k

Staff costs

€150k▼

2023 · €183k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€94k€112k▲

Fixed assets21/28€39k€53k▲

Intangible fixed assets21-€2k

Tangible fixed assets22/27€29k€40k▲

Plant, machinery and equipment23€2k€2k▲

Furniture and vehicles24€24k€36k▲

Other tangible fixed assets26€3k€2k▼

Financial fixed assets28€11k€11k=

Current assets29/58€55k€59k▲

Amounts receivable within one year40/41€52k€58k▲

Trade receivables40€45k€56k▲

Other amounts receivable41€8k€1k▼

Cash at bank and in hand54/58€3k€982▼

Deferred charges and accrued income490/1-€196

Equity and liabilities

Total equity and liabilities10/49€94k€112k▲

Equity10/15€13k€22k▲

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Distributable reserves133€2k€2k=

Profit (loss) carried forward14€-7k€1k▲

Amounts payable17/49€81k€90k▲

Amounts payable after more than one year17€11k-

Trade debts175€11k-

Amounts payable within one year42/48€70k€90k▲

Current portion of amounts payable after more than one year42€12k€11k▼

Financial debts43-€6k

Credit institutions430/8-€6k

Trade debts44€19k€17k▼

Suppliers440/4€19k€1k▼

Bills of exchange payable441-€16k

Taxes, remuneration and social security45€39k€35k▼

Taxes450/3€17k€15k▼

Remuneration and social security454/9€22k€20k▼

Other amounts payable47/48-€21k

Income statement Code20232024

Remuneration, social security and pensions62€183k€150k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€14k▲

Other operating charges640/8€694€2k▲

Gross operating margin9900€209k€180k▼

Operating profit (loss)9901€16k€15k▼

Financial income75/76B€23€1▼

Recurring financial income75€23€1▼

Financial charges65/66B€14k€4k▼

Recurring financial charges65€14k€4k▼

Profit (loss) for the period before taxes9903€2k€11k▲

Income taxes67/77€3k€3k▲

Profit (loss) for the period9904€-663€8k▲

Profit (loss) for the period to be appropriated9905€-663€8k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-7k€1k▲

Profit (loss) brought forward from the previous period14P€-6k€-7k▼

Social balance

Average headcount (FTE)90874.6-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 3Filings 9

2025

29-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 60 days late

10-03

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 222 days late

2024

31-12

Financial Back to profitnet €8k

Net result €8k after one loss-making year.

2023

29-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 60 days late

2022

31-12

Financial Back to profitnet €7k

Net result €7k after 3 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 92 days late

2020

27-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 119 days late

2019

31-12

Financial Weakest financial yearnet €-6k ▼1666%

Net result drops to €-6k, the lowest in the series; recovery starts the following year.

12-09

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 43 days late

2018

20-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

27-07

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.

Directors · office · real estate

Directors

5 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, Sint-Jans-Molenbeek · 1 establishment unit since 2015

establishment The establishment unit on the map

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.

Opzichterstraat 2841080 Sint-Jans-Molenbeek

Ground area

76 m²

Building footprint

75 m²

Volume, LiDAR

1,226 m³

Parcel 21012A0036/00C004, Brussels · tallest building 19.3 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

MMAK

Opzichterstraat 284, 1080 Sint-Jans-MolenbeekConstruction of roads and motorways

since 20152.248.694.877

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21012A0036/00C004	Brussels	76 m²	1 · 75 m²	19.3 m · 6 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.

Similar companies · same sector, comparable size

AGS SERVICES

BE 0776.476.189

Sint-Genesius-Rode · Eq €22k

Sint-Pieters-Leeuw · Eq €22k

Of 12,449 companies in sector 49410 we hold annual accounts for 8,086. 4,997 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded20-10-2015

Fiscal year end31-12

Activities, NACEBEL

49410Freight transport by road

Sources

Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers

Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.