Makade
ActiveMakade has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €663k and a net result of €44k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 31642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-1
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 16.09 against 8.35 in 2024; short-term debt: 2.5% and cash: 36.9% of total assets), and 2.5% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
97.5%
Return on assets
6.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-03-2026, 143 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
143 d early
2024
38 d early
2023
42 d early
2022
75 d early
2021
1 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€663k▲ 7.2%
2024 · €618k
2021: €475k
2022: €523k
2023: €573k
2024: €618k
2021 → 2025
Total assets
€680k▲ 4.9%
2024 · €648k
2021: €496k
2022: €559k
2023: €625k
2024: €648k
2021 → 2025
Net result
€44k▼ 3.4%
2024 · €46k
2021: €24k
2022: €48k
2023: €49k
2024: €46k
2021 → 2025
Working capital
€255k▲ 18.0%
2024 · €216k
2021: €36k
2022: €97k
2023: €160k
2024: €216k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€475k-€523k▲ 10.1%€573k▲ 9.4%€618k▲ 8.0%€663k▲ 7.2%
Operating result€33k-€66k▲ 99.4%€68k▲ 2.0%€63k▼ 6.9%€61k▼ 3.4%
Net result€24k-€48k▲ 99.3%€49k▲ 2.1%€46k▼ 6.9%€44k▼ 3.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €680k
Fixed assets
€408k▲ 1.3%
Current assets
€272k▲ 10.8%
Equity and liabilities €680k
Equity
€663k▲ 7.2%
Debt
€17k▼ 42.6%
The debt ratio falls from 4.5% to 2.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73k▼
2024 · €75k
Cash flow
€56k▼
2024 · €58k
Solvency
97.5%▲
2024 · 95.5%
Current ratio
16.09▲
2024 · 8.35
Quick ratio
16.09▲
2024 · 8.35
Debt / equity
0.03▼
2024 · 0.05
ROE
6.7%▼
2024 · 7.4%
ROA
6.5%▼
2024 · 7.1%
Interest coverage
941.91▼
2024 · 1097.31
Debt
€17k▼
2024 · €29k
Debt ≤ 1 year
€17k▼
2024 · €29k
Income taxes
€17k▼
2024 · €17k
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€648k€680k▲
Fixed assets21/28€403k€408k▲
Tangible fixed assets22/27€403k€408k▲
Land and buildings22€403k€408k▲
Current assets29/58€245k€272k▲
Amounts receivable within one year40/41€29k€19k▼
Trade receivables40€29k€18k▼
Other amounts receivable41€402€1k▲
Cash at bank and in hand54/58€215k€251k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€648k€680k▲
Equity10/15€618k€663k▲
Contributions10/11€451k€451k=
Reserves13€167k€211k▲
Distributable reserves133€167k€211k▲
Profit (loss) carried forward14€448€489▲
Amounts payable17/49€29k€17k▼
Amounts payable within one year42/48€29k€17k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€26k€12k▼
Taxes450/3€26k€12k▼
Other amounts payable47/48€2k€4k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€77k€75k▼
Operating profit (loss)9901€63k€61k▼
Financial charges65/66B€68€77▲
Recurring financial charges65€68€77▲
Profit (loss) for the period before taxes9903€63k€61k▼
Income taxes67/77€17k€17k▼
Profit (loss) for the period9904€46k€44k▼
Profit (loss) for the period to be appropriated9905€46k€44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€45k▼
Profit (loss) brought forward from the previous period14P€436€448▲
Transfer to equity691/2€46k€44k▼
To other reserves6921€46k€44k▼
The notes to these accounts (5 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
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 8.35
Current ratio from 4.16 to 8.35; short-term debt falls from €51k to €29k.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €49k ▲2.1%
Operating result €68k, net result €49k, both a record.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500kEq €523k ▲10.1%
2 profitable years in a row build equity to €523k.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Zele · 1 establishment unit since 2021
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.
Drieputtenstraat 809240 ZeleGround area
119 m²
Building footprint
67 m²
Volume, LiDAR
354 m³
Parcel 42403E0726/00B003, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Makade
since 20212.316.637.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42403E0726/00B003 | Flanders | 118 m² | 1 · 67 m² | 8.3 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.
Similar companies · same sector, comparable size
MARVIC Corporation
BE 0678.657.134
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Sanilamo
BE 0414.202.173
Wingene · Eq €663k
ROUSSO
BE 0881.156.908
Koksijde · Eq €662k
ECNE
BE 0776.546.267
Brugge · Eq €662k
EVERAERT & Co CONSTRUCT
BE 0458.314.211
Tielt · Eq €661k
Of 5,700 companies in sector 70100 we hold annual accounts for 3,494. 2,088 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-04-2021
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.