MAKALI
ActiveSummary
The computed 12-month bankruptcy probability of MAKALI is 2.0% (moderate). The 2024 annual accounts show negative equity (-€268,382) and a net result of -€1,871. Equity is shrinking by ~19.1% per year across the filed fiscal years. The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Activity not known1 site
How big
€99,663total assets 2024
- Equity
- -€268,382
- Loss
- -€1,871
Turnover not published (abridged schema)
Who decides
Accounts 62 d overdue0 of 6 deeds read
Why 23- No NACE activity registered- Annual accounts: weaker financial profile- Negative equity+ Long track recordFiled after the deadlineShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability16▲+16
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27; short-term debt: 369.3% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-269.3%
Return on assets
-1.9%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€268,382
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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
not confirmed
2024
25 d late
2023
22 d late
2022
14 d early
2021
316 d late
2020
92 d late
2019
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 79 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Annual accounts filedfiscal year 2022 · micro…
Financials
Fiscal year 2024Total assets €99,663Loss -€1,871Solvency -269.3%Liquidity 0.27
Total assets
€99,663▲ 6,825%
2018 - 2024
Net result
-€1,871▲ 23.6%
2018 - 2024
Equity
-€268,382▼ 0.7%
2018 - 2024
Solvency
-269.3%▲ 18248.6pp
2018 - 2024
Financials · fiscal year 2024, micro schema
Trend over the years
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€488▲ 68.6%-€301,093▼ 61,604%-€2,202▲ 99.3%-€2,232▼ 1.3%-€1,419▲ 36.4%
Net result-€523▲ 73.8%-€243,164▼ 46,389%-€2,292▲ 99.1%-€2,450▼ 6.9%-€1,871▲ 23.6%
Equity-€18,605▼ 2.9%-€261,769▼ 1,307%-€264,061▼ 0.9%-€266,511▼ 0.9%-€268,382▼ 0.7%
Total assets€340,748▲ 0.4%€4,977▼ 98.5%€3,154▼ 36.6%€1,439▼ 54.4%€99,663▲ 6,825%
Debt€359,353▲ 0.5%€266,746▼ 25.8%€267,215▲ 0.2%€267,950▲ 0.3%€368,045▲ 37.4%
Working capital€26,311▲ 4.8%-€265,158-€265,756▼ 0.2%-€266,511▼ 0.3%-€268,382▼ 0.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Net result -46,389% on 2020. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,419 in 2024 against €2,232 in 2023; the loss shrinks.
Key figures and ratios
Key figures and ratios
EBITDA
-€1,419▼
2023 · -€537
Cash flow
-€1,871▼
2023 · -€755
Solvency
-269.3%
Current ratio
0.27
ROA
-1.9%
Interest coverage
-3.14▼
2023 · -2.46
Debt ≤ 1 year
€368,045▲
2023 · €267,950
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.8%
went bankrupt
5.8%
stopped otherwise
91%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,332 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,730 | €1,695 | €1,695 | €1,695 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €934 | €157 | €50 | €1,419 | ▲ 2,739% |
| Gross operating margin9900 | €2,013 | -€298,464 | -€351 | -€487 | €0 | ▲ 100% |
| Operating profit (loss)9901 | -€488 | -€301,093 | -€2,202 | -€2,232 | -€1,419 | ▲ 36.4% |
| Financial income75/76B | - | €58,102 | - | - | - | - |
| Recurring financial income75 | - | €58,102 | - | - | - | - |
| Financial charges65/66B | - | €173 | €90 | €218 | €452 | ▲ 107% |
| Recurring financial charges65 | €35 | €173 | €90 | €218 | €452 | ▲ 107% |
| Profit (loss) for the period before taxes9903 | -€523 | -€243,164 | -€2,292 | -€2,450 | -€1,871 | ▲ 23.6% |
| Profit (loss) for the period9904 | -€523 | -€243,164 | -€2,292 | -€2,450 | -€1,871 | ▲ 23.6% |
| Profit (loss) for the period to be appropriated9905 | -€523 | -€243,164 | -€2,292 | -€2,450 | -€1,871 | ▲ 23.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €340,748 | €4,977 | €3,154 | €1,439 | €99,663 | ▲ 6,825% |
| Fixed assets21/28 | €5,084 | €3,389 | €1,695 | - | - | - |
| Tangible fixed assets22/27 | €5,084 | €3,389 | €1,695 | - | - | - |
| Plant, machinery and equipment23 | - | €3,389 | €1,695 | - | - | - |
| Current assets29/58 | €335,664 | €1,587 | €1,459 | €1,439 | €99,663 | ▲ 6,825% |
| Stocks and contracts in progress3 | €21,510 | - | - | - | - | - |
| Amounts receivable within one year40/41 | - | €1,439 | €1,453 | €1,439 | €99,663 | ▲ 6,825% |
| Other amounts receivable41 | - | €1,439 | €1,453 | €1,439 | €99,663 | ▲ 6,825% |
| Cash at bank and in hand54/58 | €581 | €148 | €6 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €340,748 | €4,977 | €3,154 | €1,439 | €99,663 | ▲ 6,825% |
| Equity10/15 | -€18,605 | -€261,769 | -€264,061 | -€266,511 | -€268,382 | ▼ 0.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | - | - |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€39,065 | -€282,229 | -€284,521 | -€286,971 | -€288,842 | ▼ 0.7% |
| Amounts payable17/49 | €359,353 | €266,746 | €267,215 | €267,950 | €368,045 | ▲ 37.4% |
| Amounts payable after more than one year17 | €50,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €309,353 | €266,746 | €267,215 | €267,950 | €368,045 | ▲ 37.4% |
| Financial debts43 | - | - | - | €8 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €8 | €0 | ▼ 100% |
| Trade debts44 | €14,325 | €931 | - | - | - | - |
| Suppliers440/4 | - | €931 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €20 | €20 | - | - | - |
| Taxes450/3 | - | €20 | €20 | - | - | - |
| Other amounts payable47/48 | - | €265,795 | €267,195 | €267,942 | €368,045 | ▲ 37.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€523 | -€243,164 | -€2,292 | -€2,450 | -€1,871 | ▲ 23.6% |
| + Depreciation and write-downs630 | €1,730 | €1,695 | €1,695 | €1,695 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €1,207 | -€241,469 | -€598 | -€755 | -€1,871 | ▼ 148% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€433 | -€142 | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline
11 eventsLatest 25-08-2025
History
Acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
12-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 316 days late
2021
31-12
Financial
Weakest financial yearnet -€243,164
Net result drops to -€243,164, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 92 days late
2020
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 19-03-2009Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded19-03-2009
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0810535859
Also
9925:BE0810535859
Registered
07-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Heist-op-den-Berg · 1 establishment unit since 2011
Ground area
1.2 ha
Building footprint
4,688 m²
Volume, LiDAR
32,041 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
MAKALI
since 2011unit no. 2.208.809.467
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0199/00E000 | Flanders | 1.0 ha | 1 · 4,516 m² | 10.7 m · 2 fl. |
| 41068B0434/00R000 | Flanders | 1,887 m² | 1 · 172 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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