MAK-LIFT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 21-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €5,726, smaller than the loss of €13,253 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €37,392 | - | - |
| Depreciation and write-downs of the year | €2,472 | €7,478 | €7,478 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,472 | €7,478 | €7,478 | = |
| Other operating charges640/8 | - | - | €161 | - |
| Gross operating margin9900 | -€2,992 | -€5,775 | €1,914 | - |
| Operating profit (loss)9901 | -€5,464 | -€13,253 | -€5,726 | ▲ 56.8% |
| Financial income75/76B | - | €0 | €1 | ▲ 92× |
| Recurring financial income75 | - | €0 | €1 | ▲ 92× |
| Financial charges65/66B | €25 | €272 | €159 | ▼ 41.4% |
| Recurring financial charges65 | €25 | €272 | €159 | ▼ 41.4% |
| Profit (loss) for the period before taxes9903 | -€5,489 | -€13,525 | -€5,884 | ▲ 56.5% |
| Profit (loss) for the period9904 | -€5,489 | -€13,525 | -€5,884 | ▲ 56.5% |
| Profit (loss) for the period to be appropriated9905 | -€5,489 | -€13,525 | -€5,884 | ▲ 56.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €39,492 | €27,781 | €23,549 | ▼ 15.2% |
| Fixed assets21/28 | €34,920 | €27,441 | €19,963 | ▼ 27.3% |
| Tangible fixed assets22/27 | €34,920 | €27,441 | €19,963 | ▼ 27.3% |
| Furniture and vehicles24 | €34,920 | €27,441 | €19,963 | ▼ 27.3% |
| Current assets29/58 | €4,572 | €340 | €3,586 | ▲ 956% |
| Amounts receivable within one year40/41 | €4,189 | €302 | €2,939 | ▲ 873% |
| Trade receivables40 | €847 | - | €2,939 | - |
| Other amounts receivable41 | €3,342 | €302 | - | - |
| Cash at bank and in hand54/58 | €383 | €38 | €647 | ▲ 17× |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €39,492 | €27,781 | €23,549 | ▼ 15.2% |
| Equity10/15 | -€489 | -€14,014 | -€19,898 | ▼ 42.0% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€5,489 | -€19,014 | -€24,898 | ▼ 30.9% |
| Amounts payable17/49 | €39,981 | €41,795 | €43,448 | ▲ 4.0% |
| Amounts payable within one year42/48 | €39,981 | €41,795 | €43,370 | ▲ 3.8% |
| Trade debts44 | €383 | €48 | €256 | ▲ 428% |
| Suppliers440/4 | €383 | €48 | €256 | ▲ 428% |
| Taxes, remuneration and social security45 | - | - | €1,103 | - |
| Taxes450/3 | - | - | €1,103 | - |
| Other amounts payable47/48 | €39,598 | €41,747 | €42,012 | ▲ 0.6% |
| Accrued charges and deferred income492/3 | - | - | €78 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,489 | -€13,525 | -€5,884 | ▲ 56.5% |
| + Depreciation and write-downs630 | €2,472 | €7,478 | €7,478 | = |
| Operating cash flow (approximation) | -€3,017 | -€6,047 | €1,594 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | -€345 | €610 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as MAK-LIFT has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAK-LIFT itself: 6.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for MAK-LIFT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.