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MAKE CARBON WORK

Active
Private limited companyfounded 2016active for 10 yearsLentelaan 6, 9250 Waasmunster, BelgiumKBO/BCE: BE 0645.759.781
Summary

MAKE CARBON WORK has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19,000 and a net result of -€11,697. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 47% of 11,502 sector peers (NACE 71, financial year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121
1 site
Size
€37,015total assets 2024
Equity
€19,000
Loss
-€11,697
Turnover not published (micro format)
Financial health
54 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Accounts 76 days overdue0 of 3 deeds read
Why 54raises riskCapped at 59: a confirmed filing finding1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 30-09-2025)lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Liquidity: current ratio 1.90, cash €10,417Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 29% of its sector peers (NACE 71, micro)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Weak
Solvency 76-16
equity 51.3% of total assets
Liquidity 61-13
short-term debt 48.7% · cash 28.1%
Profitability 0-72
return on assets -31.6%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (14,799 companies, NACE 71, micro)
Last 24 months 11-2024: 1.0% 12-2024: 1.2%▲ +0.2 percentage points vs 11-2024 01-2025: 1.8%▲ +0.6 percentage points vs 12-2024 02-2025: 1.8%● unchanged vs 01-2025 03-2025: 2.0%▲ +0.2 percentage points vs 02-2025 04-2025: 1.8%▼ -0.2 percentage points vs 03-2025 05-2025: 1.7%▼ -0.1 percentage points vs 04-2025 06-2025: 1.7%● unchanged vs 05-2025 07-2025: 1.7%● unchanged vs 06-2025 08-2025: 2.5%▲ +0.8 percentage points vs 07-2025highest value 09-2025: 1.3%▼ -1.2 percentage points vs 08-2025 10-2025: 0.3%▼ -1.0 percentage point vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026lowest value 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.5%▲ +0.1 percentage points vs 07-2026 09-2026: 0.5%● unchanged vs 08-2026 10-2026: 0.6%▲ +0.1 percentage points vs 09-2026
Credit of up to €1,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 1.9, compared with 2.74 in 2023, above the usual 1.5; short-term debt: 48.7% and cash: 28.1% of total assets), and 48.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro): better than 49% on solvency, 48% on liquidity, 4% on profitability and 14% on growth.

The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 1.90, cash €10,417
NBB · annual accounts
raises risk · Figures for financial year 2024 (filed 30-09-2025)
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 76 days later.
NBB · 9 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline15-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filings
Deviation from the deadline
2025
not filed
2024
61 days late
2023
365 days late
2022
92 days late
2021
61 days late
2020
30 days late
2019
70 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 113 days after the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Weakest financial yearnet -€11,697

Key points

  • Caution: Among the weakest 10% on net resultsector median €15,674 · 11,507 companies -€11,697 View
  • Caution: Accounts not fileddeadline was 31-07-2026 76 days late View
  • Total assets 20246 financial years filed €37,015 View

By topic

Financials

Financial year
2024
Total assets
€37,015
Loss
-€11,697
Solvency
51.3%
Total assets▼ 19.5%
Net result
20182024
Go to Financials

Timeline

Events
12
Since
2017
  1. 31-10-2023Annual accounts filed
  2. 30-09-2022Annual accounts filed
  3. 30-08-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Engineering and related technical consultancy, excluding land surveyorsNACE 71121
Founded
08-01-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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