MAKBEN
ActiveSummary
The computed 12-month bankruptcy probability of MAKBEN is 2.3% (moderate). The 2024 annual accounts show negative equity (-€84,942) and a net result of €16,931. Equity is growing by ~10.9% per year across the filed fiscal years. The company has been active since 2008 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability51▼-7
Solvency15▲+2
Growth78=
Track record84
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.53 against 0.51 in 2023; short-term debt: 61.4% and cash: 0.2% of total assets), and equity is negative.
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Signals
Eight 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
-10.2%
Return on assets
2%
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
35 d late
2022
84 d late
2021
7 d early
2020
25 d late
2019
112 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 41 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout stopped
History
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Financials · fiscal year 2024, micro schema
Equity
-€84,942▲ 16.6%
2023 · -€101,873
Total assets
€829,160▼ 2.3%
2023 · €848,403
Net result
€16,931▼ 30.6%
2023 · €24,403
Working capital
-€238,999▲ 6.3%
2023 · -€255,022
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€13,111▼ 18.5%€35,207▲ 169%€39,702▲ 12.8%€38,735▼ 2.4%€32,074▼ 17.2%
Net result-€67€15,754€26,613▲ 68.9%€24,403▼ 8.3%€16,931▼ 30.6%
Equity-€168,643=-€152,889▲ 9.3%-€126,275▲ 17.4%-€101,873▲ 19.3%-€84,942▲ 16.6%
Total assets€707,228▼ 2.2%€756,227▲ 6.9%€817,800▲ 8.1%€848,403▲ 3.7%€829,160▼ 2.3%
Debt€875,871▼ 1.8%€909,116▲ 3.8%€944,076▲ 3.8%€950,276▲ 0.7%€914,101▼ 3.8%
Working capital-€318,615▲ 0.2%-€303,007▲ 4.9%-€277,395▲ 8.5%-€255,022▲ 8.1%-€238,999▲ 6.3%
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; 2024 is 17% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €829,160
Fixed assets
€559,173 ▼ 3.7%
Current assets
€269,986 ▲ 0.9%
Key figures and ratios
EBITDA
€53,802▼
2023 · €60,464
Cash flow
€38,660▼
2023 · €46,132
Solvency
-10.2%▲
2023 · -12.0%
Current ratio
0.53▲
2023 · 0.51
Debt to equity
-10.76▼
2023 · -9.33
ROA
2.0%▼
2023 · 2.9%
Interest coverage
3.55▼
2023 · 4.33
Debt ≤ 1 year
€508,985▼
2023 · €522,523
Debt > 1 year
€405,116▼
2023 · €427,752
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 522 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
3.6%
went bankrupt
1.7%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 522 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,347 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,849 | €22,049 | €21,729 | €21,729 | €21,729 | = |
| Other operating charges640/8 | - | €456 | €37 | €230 | - | - |
| Gross operating margin9900 | €39,734 | €57,712 | €61,468 | €60,694 | €53,802 | ▼ 11.4% |
| Operating profit (loss)9901 | €13,111 | €35,207 | €39,702 | €38,735 | €32,074 | ▼ 17.2% |
| Financial income75/76B | - | - | €167 | €1 | - | - |
| Recurring financial income75 | - | - | €167 | €1 | - | - |
| Financial charges65/66B | - | €13,718 | €13,256 | €13,979 | €15,143 | ▲ 8.3% |
| Recurring financial charges65 | €13,178 | €13,718 | €13,256 | €13,979 | €15,143 | ▲ 8.3% |
| Profit (loss) for the period before taxes9903 | -€67 | €21,489 | €26,613 | €24,758 | €16,931 | ▼ 31.6% |
| Income taxes67/77 | - | €5,735 | - | €355 | - | - |
| Profit (loss) for the period9904 | -€67 | €15,754 | €26,613 | €24,403 | €16,931 | ▼ 30.6% |
| Profit (loss) for the period to be appropriated9905 | -€67 | €15,754 | €26,613 | €24,403 | €16,931 | ▼ 30.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €707,228 | €756,227 | €817,800 | €848,403 | €829,160 | ▼ 2.3% |
| Fixed assets21/28 | €646,408 | €624,360 | €602,631 | €580,902 | €559,173 | ▼ 3.7% |
| Tangible fixed assets22/27 | €646,408 | €624,360 | €602,631 | €580,902 | €559,173 | ▼ 3.7% |
| Land and buildings22 | - | €622,860 | €601,381 | €579,902 | €558,423 | ▼ 3.7% |
| Other tangible fixed assets26 | - | €1,500 | €1,250 | €1,000 | €750 | ▼ 25.0% |
| Current assets29/58 | €60,820 | €131,867 | €215,169 | €267,501 | €269,986 | ▲ 0.9% |
| Amounts receivable within one year40/41 | €355 | €78,205 | €214,968 | €266,068 | €268,068 | ▲ 0.8% |
| Other amounts receivable41 | - | €78,205 | €214,968 | €266,068 | €268,068 | ▲ 0.8% |
| Cash at bank and in hand54/58 | €60,465 | €53,663 | €202 | €1,433 | €1,919 | ▲ 33.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €707,228 | €756,227 | €817,800 | €848,403 | €829,160 | ▼ 2.3% |
| Equity10/15 | -€168,643 | -€152,889 | -€126,275 | -€101,873 | -€84,942 | ▲ 16.6% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | - | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | - | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Profit (loss) carried forward14 | -€231,143 | -€215,389 | -€188,775 | -€164,373 | -€147,442 | ▲ 10.3% |
| Amounts payable17/49 | €875,871 | €909,116 | €944,076 | €950,276 | €914,101 | ▼ 3.8% |
| Amounts payable after more than one year17 | €496,437 | €474,242 | €451,512 | €427,752 | €405,116 | ▼ 5.3% |
| Financial debts170/4 | - | €463,432 | €440,252 | €416,492 | €393,156 | ▼ 5.6% |
| Other amounts payable178/9 | - | €10,810 | €11,260 | €11,260 | €11,960 | ▲ 6.2% |
| Amounts payable within one year42/48 | €379,435 | €434,874 | €492,564 | €522,523 | €508,985 | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | - | €22,615 | €23,180 | €23,759 | €23,336 | ▼ 1.8% |
| Trade debts44 | €4,388 | €4,826 | - | €4,810 | €4,810 | = |
| Suppliers440/4 | - | €4,826 | - | - | - | - |
| Bills of exchange payable441 | - | - | - | €4,810 | €4,810 | = |
| Taxes, remuneration and social security45 | - | €5,735 | €5,380 | - | - | - |
| Taxes450/3 | - | €5,735 | €5,380 | - | - | - |
| Other amounts payable47/48 | - | €401,698 | €464,004 | €493,954 | €480,839 | ▼ 2.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€67 | €15,754 | €26,613 | €24,403 | €16,931 | ▼ 30.6% |
| + Depreciation and write-downs630 | €22,849 | €22,049 | €21,729 | €21,729 | €21,729 | = |
| Operating cash flow (approximation) | €22,782 | €37,803 | €48,342 | €46,132 | €38,660 | ▼ 16.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€6,802 | -€53,461 | €1,232 | €485 | ▼ 60.6% |
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
2026
20-05
KBO administration
Address strikeout stopped
event 05-05-2026
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 35 days late
12-01
KBO administration
Address struck
event 20-09-2023
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
2022
31-12
Financial
Highest result since 2018net €26,613 ▲68.9%
Operating result €39,702, net result €26,613, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €15,754
Net result €15,754 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Weakest financial yearnet -€67
Net result drops to -€67, the lowest in the series; recovery starts the following year.
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Show earlier events
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 55 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 161 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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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, Sint-Pieters-Woluwe · 1 establishment unit since 2008
Ground area
916 m²
Building footprint
492 m²
Volume, LiDAR
7,470 m³
2 parcels, Brussels · tallest building 19.8 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Januarilaan 6, 1200 Sint-Lambrechts-Woluwe
since 20082.175.678.128
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0009/00P036 | Brussels | 737 m² | 1 · 328 m² | 19.8 m · 5 fl. |
| 21019A0132/00E002 | Brussels | 179 m² | 1 · 164 m² | 16.5 m · 5 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.
Identification & contact
Identification
Legal formPublic limited company
Founded26-09-2008
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806628145
Registered
13-04-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.