MAKART
ActiveSummary
MAKART has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.33M and a net result of €353k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
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Financials · fiscal year 2024, full schema
Filed annual accounts As filed with the NBB · 2024 against 2023 · 90 lines
The notes to these accounts (51 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €13.74M | €18.81M | €20.28M | €20.41M | ▲ 0.6% |
| Turnover70 | €10.71M | €13.65M | €18.67M | €20.09M | €20.34M | ▲ 1.2% |
| Other operating income74 | - | €87k | €127k | €188k | €75k | ▼ 59.8% |
| Non-recurring operating income76A | - | - | €10k | €3k | - | - |
| Operating charges60/66A | - | €12.78M | €18.29M | €18.70M | €19.91M | ▲ 6.5% |
| Goods for resale, raw materials and consumables60 | - | €10.61M | €14.67M | €15.18M | €16.25M | ▲ 7.1% |
| Purchases600/8 | - | €10.89M | €15.66M | €16.18M | €16.67M | ▲ 3.0% |
| Change in stocks: decrease (increase)609 | - | €-281k | €-988k | €-999k | €-421k | ▲ 57.9% |
| Services and other goods61 | - | €1.03M | €1.75M | €1.42M | €1.40M | ▼ 1.2% |
| Remuneration, social security and pensions62 | - | €580k | €1.24M | €1.56M | €1.66M | ▲ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €519k | €450k | €425k | €399k | €355k | ▼ 11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-14k | €112k | €-106k | €-34k | ▲ 68.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €160k | - |
| Other operating charges640/8 | - | €117k | €87k | €240k | €125k | ▼ 48.0% |
| Non-recurring operating charges66A | - | €1k | - | €5k | - | - |
| Operating profit (loss)9901 | €809k | €961k | €523k | €1.58M | €496k | ▼ 68.6% |
| Financial income75/76B | - | €20k | €54k | €39k | €45k | ▲ 14.8% |
| Recurring financial income75 | €12k | €20k | €54k | €39k | €45k | ▲ 14.8% |
| Income from current assets751 | - | - | - | €134 | €304 | ▲ 127% |
| Other financial income752/9 | - | €20k | €54k | €39k | €45k | ▲ 14.4% |
| Financial charges65/66B | - | €34k | €20k | €59k | €48k | ▼ 17.6% |
| Recurring financial charges65 | €37k | €34k | €20k | €59k | €48k | ▼ 17.6% |
| Debt charges650 | €20k | €20k | €5k | €5k | €958 | ▼ 80.4% |
| Other financial charges652/9 | - | €13k | €16k | €54k | €47k | ▼ 11.9% |
| Profit (loss) for the period before taxes9903 | €784k | €947k | €557k | €1.56M | €493k | ▼ 68.4% |
| Transfer from deferred taxes780 | - | €10k | €10k | €10k | €10k | ▼ 1.5% |
| Income taxes67/77 | €67k | €270k | €118k | €372k | €150k | ▼ 59.6% |
| Taxes670/3 | - | €270k | €118k | €372k | €150k | ▼ 59.6% |
| Profit (loss) for the period9904 | €728k | €687k | €450k | €1.20M | €353k | ▼ 70.6% |
| Transfer from tax-exempt reserves789 | - | €27k | €27k | €27k | €27k | = |
| Transfer to tax-exempt reserves689 | - | - | - | €211k | €211k | = |
| Profit (loss) for the period to be appropriated9905 | €758k | €714k | €477k | €1.02M | €169k | ▼ 83.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.14M | €9.23M | €10.29M | €11.84M | €13.00M | ▲ 9.8% |
| Fixed assets21/28 | €2.98M | €2.54M | €2.52M | €2.31M | €2.20M | ▼ 4.7% |
| Intangible fixed assets21 | - | - | €4k | €3k | €2k | ▼ 32.2% |
| Tangible fixed assets22/27 | €2.94M | €2.50M | €2.49M | €2.28M | €2.17M | ▼ 4.7% |
| Land and buildings22 | - | €2.10M | €2.16M | €1.96M | €1.84M | ▼ 6.2% |
| Plant, machinery and equipment23 | - | €26k | €13k | €10k | €52k | ▲ 427% |
| Furniture and vehicles24 | - | €372k | €277k | €255k | €223k | ▼ 12.8% |
| Other tangible fixed assets26 | - | - | €39k | €50k | €55k | ▲ 8.8% |
| Financial fixed assets28 | €48k | €37k | €32k | €32k | €32k | ▲ 0.7% |
| Other financial fixed assets284/8 | - | €37k | €32k | €32k | €32k | ▲ 0.7% |
| Shares284 | - | €3k | €3k | €3k | €3k | = |
| Amounts receivable and cash guarantees285/8 | - | €34k | €29k | €29k | €29k | ▲ 0.7% |
| Current assets29/58 | €6.16M | €6.69M | €7.77M | €9.53M | €10.80M | ▲ 13.3% |
| Stocks and contracts in progress3 | €2.51M | €2.79M | €3.78M | €4.78M | €5.20M | ▲ 8.8% |
| Stocks30/36 | - | €2.79M | €3.78M | €4.78M | €5.20M | ▲ 8.8% |
| Goods purchased for resale34 | - | €2.79M | €3.78M | €4.78M | €5.20M | ▲ 8.8% |
| Amounts receivable within one year40/41 | €1.68M | €1.65M | €2.15M | €2.60M | €3.04M | ▲ 16.9% |
| Trade receivables40 | - | €1.64M | €2.14M | €2.56M | €2.86M | ▲ 11.7% |
| Other amounts receivable41 | - | €6k | €11k | €39k | €180k | ▲ 363% |
| Cash at bank and in hand54/58 | €1.96M | €2.25M | €1.82M | €2.01M | €2.47M | ▲ 22.9% |
| Deferred charges and accrued income490/1 | - | €63 | €13k | €141k | €85k | ▼ 39.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.14M | €9.23M | €10.29M | €11.84M | €13.00M | ▲ 9.8% |
| Equity10/15 | €5.09M | €5.77M | €6.01M | €6.54M | €6.33M | ▼ 3.3% |
| Contributions10/11 | €174k | €174k | €174k | €174k | €174k | = |
| Capital10 | - | €174k | €174k | €174k | €174k | = |
| Issued capital100 | - | €174k | €174k | €174k | €174k | = |
| Reserves13 | €4.80M | €5.49M | €5.74M | €6.28M | €6.06M | ▼ 3.5% |
| Non-distributable reserves130/1 | - | €17k | €17k | €17k | €17k | = |
| Legal reserve130 | - | €17k | €17k | €17k | €17k | = |
| Tax-exempt reserves132 | - | €233k | €206k | €389k | €573k | ▲ 47.1% |
| Distributable reserves133 | - | €5.24M | €5.52M | €5.87M | €5.47M | ▼ 6.8% |
| Profit (loss) carried forward14 | €2k | €1k | €3k | €5k | €15k | ▲ 176% |
| Investment grants15 | - | €104k | €95k | €87k | €79k | ▼ 9.1% |
| Provisions and deferred taxes16 | €117k | €106k | €96k | €86k | €236k | ▲ 175% |
| Provisions for liabilities and charges160/5 | - | - | - | - | €160k | - |
| Taxes161 | - | - | - | - | €160k | - |
| Deferred taxes168 | - | €106k | €96k | €86k | €76k | ▼ 11.5% |
| Amounts payable17/49 | €3.94M | €3.35M | €4.19M | €5.22M | €6.44M | ▲ 23.4% |
| Amounts payable after more than one year17 | €180k | €9k | - | - | - | - |
| Financial debts170/4 | - | €9k | - | - | - | - |
| Credit institutions173 | - | €9k | - | - | - | - |
| Amounts payable within one year42/48 | €3.76M | €3.31M | €4.17M | €5.21M | €6.44M | ▲ 23.6% |
| Current portion of amounts payable after more than one year42 | - | €176k | €9k | - | - | - |
| Financial debts43 | - | - | - | €750k | €700k | ▼ 6.7% |
| Credit institutions430/8 | - | - | - | €750k | €700k | ▼ 6.7% |
| Trade debts44 | €1.66M | €2.32M | €3.05M | €3.18M | €4.78M | ▲ 50.3% |
| Suppliers440/4 | - | €2.32M | €3.05M | €3.18M | €4.78M | ▲ 50.3% |
| Taxes, remuneration and social security45 | - | €538k | €810k | €520k | €350k | ▼ 32.7% |
| Taxes450/3 | - | €430k | €585k | €297k | €140k | ▼ 52.9% |
| Remuneration and social security454/9 | - | €108k | €225k | €223k | €210k | ▼ 5.8% |
| Other amounts payable47/48 | - | €278k | €301k | €759k | €610k | ▼ 19.7% |
| Accrued charges and deferred income492/3 | - | €29k | €16k | €8k | €783 | ▼ 90.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €728k | €687k | €450k | €1.20M | €353k | ▼ 70.6% |
| + Depreciation and write-downs630 | €519k | €450k | €425k | €399k | €355k | ▼ 11.2% |
| Operating cash flow (approximation) | €1.25M | €1.14M | €875k | €1.60M | €708k | ▼ 55.8% |
| Investment in fixed assets (approximation) | - | €-2k | €-412k | €-188k | €-246k | ▼ 31.0% |
| Change in cash | - | €286k | €-427k | €188k | €461k | ▲ 144% |
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 · acts, filings and financial milestones
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
2 establishment units
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62066B0042/00B002 | Wallonia | 1.6 ha | 1 · 5,108 m² | 10.4 m · 3 fl. |
| 64034A0642/00X000 | Wallonia | 3,901 m² | 1 · 1,389 m² | - |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Food safety, FASFC
2 sitesSimilar companies · same sector, comparable size
Identification & contact
Scores and ratios are computed by Checked and are not a credit decision.