MAKAIRE
ActiveThe computed 12-month bankruptcy probability of MAKAIRE is 2.3% (moderate). The 2025 annual accounts show equity of €52k and a net result of €-14k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 55% of 18040 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-64
Solvency65▼-12
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity ample (current ratio 1.68 against 2.28 in 2024; short-term debt: 52.9% and cash: 1.8% of total assets), but 59.9% 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.
+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
40.1%
Return on assets
-10.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 5 filingsDeviation from the deadline
2025
28 d late
2024
56 d late
2023
29 d late
2022
32 d late
2021
31 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€52k▼ 21.1%
2024 · €66k
2021: €59k
2022: €63k
2023: €66k
2024: €66k
2021 → 2025
Total assets
€130k▲ 1.9%
2024 · €128k
2021: €118k
2022: €157k
2023: €151k
2024: €128k
2021 → 2025
Net result
€-14k
2024 · €12
2021: €39k
2022: €4k
2023: €3k
2024: €12
2021 → 2025
Working capital
€47k▼ 20.3%
2024 · €59k
2021: €52k
2022: €55k
2023: €59k
2024: €59k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€63k▲ 6.9%€66k▲ 5.1%€66k=€52k▼ 21.1%
Operating result€52k-€7k▼ 86.3%€5k▼ 23.0%€1k▼ 76.2%€-15k
Net result€39k-€4k▼ 89.4%€3k▼ 21.5%€12▼ 99.6%€-14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15k after €1k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130k
Fixed assets
€14k▼ 36.5%
Current assets
€116k▲ 10.1%
Equity and liabilities €130k
Equity
€52k▼ 21.1%
Debt
€78k▲ 26.6%
The debt ratio rises from 48.2% to 59.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▼
2024 · €10k
Cash flow
€-5k▼
2024 · €9k
Solvency
40.1%▼
2024 · 51.8%
Current ratio
1.68▼
2024 · 2.28
Quick ratio
0.29▲
2024 · 0.16
Debt / equity
1.49▲
2024 · 0.93
ROE
-26.7%▼
2024 · 0.0%
ROA
-10.7%▼
2024 · 0.0%
Interest coverage
-63.56▼
2024 · 10.71
Debt
€78k▲
2024 · €62k
Debt ≤ 1 year
€69k▲
2024 · €46k
Debt > 1 year
€9k▼
2024 · €15k
Income taxes
€701▲
2024 · €387
Staff costs
€37k▲
2024 · €27k
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€128k€130k▲
Fixed assets21/28€22k€14k▼
Tangible fixed assets22/27€22k€14k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€19k€11k▼
Financial fixed assets28€100€100=
Current assets29/58€105k€116k▲
Stocks and contracts in progress3€98k€96k▼
Stocks30/36€98k€96k▼
Amounts receivable within one year40/41€113€1k▲
Trade receivables40-€1k
Other amounts receivable41€113€113=
Cash at bank and in hand54/58€7k€2k▼
Deferred charges and accrued income490/1-€16k
Equity and liabilities
Total equity and liabilities10/49€128k€130k▲
Equity10/15€66k€52k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€44k€30k▼
Amounts payable17/49€62k€78k▲
Amounts payable after more than one year17€15k€9k▼
Financial debts170/4€15k€9k▼
Amounts payable within one year42/48€46k€69k▲
Trade debts44€9k€18k▲
Suppliers440/4€9k€18k▲
Bills of exchange payable441€722-
Taxes, remuneration and social security45€14k€11k▼
Taxes450/3€6k€2k▼
Remuneration and social security454/9€8k€9k▲
Other amounts payable47/48€23k€40k▲
Income statement
Code20242025
Remuneration, social security and pensions62€27k€37k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€39k€33k▼
Operating profit (loss)9901€1k€-15k▼
Financial income75/76B€38€2k▲
Recurring financial income75€38€2k▲
Financial charges65/66B€927€99▼
Recurring financial charges65€927€99▼
Profit (loss) for the period before taxes9903€399€-13k▼
Income taxes67/77€387€701▲
Profit (loss) for the period9904€12€-14k▼
Profit (loss) for the period to be appropriated9905€12€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€30k▼
Profit (loss) brought forward from the previous period14P€44k€44k=
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-14k ▼114534%
Net result drops to €-14k, the lowest in the series.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days 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, Liège · 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.
Rue de Fléron 474020 LiègeGround area
594 m²
Building footprint
147 m²
Volume, LiDAR
1,066 m³
Parcel 62059B0628/00K000, Wallonia · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Fléron 47, 4020 Liège
since 20212.318.961.875
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62059B0628/00K000 | Wallonia | 594 m² | 1 · 147 m² | 9.1 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.318.961.875
Similar companies · same sector, comparable size
WINNONA
BE 0882.386.531
Antwerpen · Eq €52k
MANARSHPREET
BE 0824.257.993
Seraing · Eq €52k
CVK
BE 0757.814.676
Beringen · Eq €53k
GREEN GROWN RETAIL STORES
BE 0728.489.893
Mechelen · Eq €52k
SYNERGIC
BE 0429.574.002
Elsene · Eq €52k
Of 419 companies in sector 47260 we hold annual accounts for 265. 211 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-06-2021
Fiscal year end31-12
Activities, NACEBEL
47260Retail trade
47300Retail sale of automotive fuel
47252Retail sale of beverages, general range
47620Retail trade
47621Retail sale of newspapers and periodicals
53200Other postal and courier activities
92000Gambling and betting activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.