MAKASTEFLO
ActiveMAKASTEFLO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €233k and a net result of €-112k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 14% of 6143 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 6143 sector peers (2024).
NBB · sector comparisonPosition among 6143 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
9 d late
2022
31 d late
2021
19 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€233k▼ 32.5%
2023 · €345k
2018: €198k
2019: €257k
2020: €472k
2021: €460k
2022: €406k
2023: €345k
2018 → 2024
Net result
€-112k▼ 83.7%
2023 · €-61k
2018: €-2k
2019: €60k
2020: €215k
2021: €-12k
2022: €-54k
2023: €-61k
2018 → 2024
Total assets
€1.83M▼ 23.6%
2023 · €2.40M
2018: €2.37M
2019: €2.37M
2020: €2.37M
2021: €2.34M
2022: €2.40M
2023: €2.40M
2018 → 2024
Solvency
12.7%▼ 1.7pp
2023 · 14.4%
2018: 8.3%
2019: 10.8%
2020: 20.0%
2021: 19.6%
2022: 16.9%
2023: 14.4%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€472k-€460k▼ 2.6%€406k▼ 11.8%€345k▼ 15.1%€233k▼ 32.5%
Operating result€24k-€-39k€-42k▼ 6.3%€-49k▼ 16.8%€-62k▼ 28.1%
Net result€215k-€-12k€-54k▼ 347%€-61k▼ 12.6%€-112k▼ 83.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €62k in 2024 against €49k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.83M
Fixed assets
€1.37M▼ 42.5%
Current assets
€464k▲ 2,198%
Equity and liabilities €1.83M
Equity
€233k▼ 32.5%
Debt
€1.60M▼ 22.1%
The debt ratio rises from 85.6% to 87.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
Solvency
12.7%▼
2023 · 14.4%
ROE
-48.3%▼
2023 · -17.7%
ROA
-6.1%▼
2023 · -2.5%
Debt
€1.60M▼
2023 · €2.05M
Debt ≤ 1 year
€524k▼
2023 · €891k
Debt > 1 year
€1.07M▼
2023 · €1.16M
Income taxes
€184▼
2023 · €186
Staff costs
€40k▲
2023 · €39k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.40M€1.83M▼
Fixed assets21/28€2.38M€1.37M▼
Tangible fixed assets22/27€38k€27k▼
Furniture and vehicles24€38k€27k▼
Financial fixed assets28€2.34M€1.34M▼
Current assets29/58€20k€464k▲
Amounts receivable within one year40/41€17k€460k▲
Trade receivables40-€1k
Other amounts receivable41€17k€458k▲
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.40M€1.83M▼
Equity10/15€345k€233k▼
Contributions10/11€12k€12k=
Reserves13€332k€315k▼
Distributable reserves133€332k€315k▼
Profit (loss) carried forward14-€-95k
Amounts payable17/49€2.05M€1.60M▼
Amounts payable after more than one year17€1.16M€1.07M▼
Financial debts170/4€1.16M€1.07M▼
Amounts payable within one year42/48€891k€524k▼
Current portion of amounts payable after more than one year42€112k€101k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€190€185▼
Remuneration and social security454/9€5k€7k▲
Other amounts payable47/48€772k€413k▼
Accrued charges and deferred income492/3€46-
Income statement
Code20232024
Remuneration, social security and pensions62€39k€40k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€610€546▼
Gross operating margin9900€1k€-11k▼
Operating profit (loss)9901€-49k€-62k▼
Financial income75/76B€2€75▲
Recurring financial income75€2€75▲
Financial charges65/66B€12k€50k▲
Recurring financial charges65€12k€43k▲
Non-recurring financial charges66B-€7k
Profit (loss) for the period before taxes9903€-61k€-112k▼
Income taxes67/77€186€184▼
Profit (loss) for the period9904€-61k€-112k▼
Profit (loss) for the period to be appropriated9905€-61k€-112k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€-112k▼
Profit (loss) brought forward from the previous period14P€77k-
Transfer from equity791/2-€18k
Transfer to equity691/2€16k-
To other reserves6921€16k-
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-112k
Net result drops to €-112k, the lowest in the series.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 9 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €215k ▲261%
Operating result €24k, net result €215k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Back to profitnet €60k
Net result €60k after one loss-making year.
31-12
Financial
Equity above €200kEq €257k ▲30.2%
Equity rises from €198k to €257k.
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Grobbendonk · 1 establishment unit since 2016
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.
Hazelaardreef 52280 GrobbendonkGround area
6,044 m²
Building footprint
272 m²
Volume, LiDAR
1,405 m³
Parcel 13010C0054/00V007, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAKASTEFLO
since 20162.251.239.346
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13010C0054/00V007 | Flanders | 6,044 m² | 1 · 272 m² | 9.2 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.
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Of 24,636 companies in sector 64210 we hold annual accounts for 19,688. 13,533 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.