Losses
-€8,098 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Make III
Overview
Lifetime
3 annual accounts with figures on one time axispeak -€1,371 (2025)
-€1,371▲ €471
lowest -€3,463 (2023)
-€2,210▲ €216
peak €94,112 (2024)
€91,902▼ 2.3%
€400
Board1 name since 2022
1 directorFinco Management
Owners2 names in the annual accounts
25%Amethis and 1 other
Documentsfilings and deeds
13-07-202618 days before the deadline
2025abbreviated format
Gross margin from -€1,843 to -€1,371Loss of €2,210Cash from €27,112 to €18,175
Key points
from the 2025 annual accountsFilings
3 annual accounts 2 late
The 2024 accounts came latest: 27 days after the end of the period.
At the same address
33 companies
Turnover not published (abbreviated format)
Checked score
68
Healthy
Financially stronger than 52% of micro companies without a NACE code
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.9%
01-2025: 1.9%● unchanged vs 12-2024
02-2025: 1.9%● unchanged vs 01-2025
03-2025: 1.9%● unchanged vs 02-2025
04-2025: 2.3%▲ +0.4 percentage points vs 03-2025
05-2025: 2.6%▲ +0.3 percentage points vs 04-2025
06-2025: 2.9%▲ +0.3 percentage points vs 05-2025
07-2025: 3.0%▲ +0.1 percentage points vs 06-2025
08-2025: 4.5%▲ +1.5 percentage points vs 07-2025highest value
09-2025: 1.4%▼ -3.1 percentage points vs 08-2025
10-2025: 1.4%● unchanged vs 09-2025
11-2025: 1.4%● unchanged vs 10-2025
12-2025: 0.8%▼ -0.6 percentage points vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025lowest value
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.9%▲ +0.1 percentage points vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2022
No main activity registered
lowers risk
Liquidity: current ratio 45.79, cash €18,175
Equity €91,902 (99.6% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 81% of them on solvency, 69% on liquidity, 22% on profitability and 37% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 45.79, above the usual 1.5. Short-term debt is 0.4% and cash 19.7% of total assets. 0.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
18 days early
2024
27 days late
2023
5 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 3 accounts on average 5 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Amethis 25%equity €10,000 (2026) · 31-03-2026 annual accounts of Amethis
- Atsco 15%score 98equity €145,238 (2025) · 2025 annual accounts of Atsco
Recent changes
Registered office moved within Antwerp
New registered office: Noorderlaan 79 Bus 8, 2030 Antwerpen · Previous registered office: Duboisstraat 48, 2060 Antwerpen · Board meeting of 05-09-2023 · Gazette deed
Incorporation
Founding capital of €100,000, 100,000 shares · Founders: M. WILLAERT, K. VERLUYTEN, AMETHIS and 1 other · Appointment: Finco Management BV (statutory director) · published on 01-07-2022 · Gazette deed
First establishment
Noorderlaan 79, Antwerp
Official details
Source: KBO- Status
- Active since 29-06-2022Normal situation
- Registered office
- 34 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- “Het verwerven, rechtstreeks of onrechtstreeks, bij wijze van inschrijving, aankoop, ruil, inbreng, fusie, samenwerking…” (deed in Dutch)From the articles, 5 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.333.295.0122030 Antwerp, since 29-06-2022
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- -€1,371▲ 25.6%
- €2,210▼ 8.9%
- €91,902▼ 2.3%
- €92,302▼ 1.9%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on Make III
Make III files the abbreviated format. That format states no turnover. The gross margin rose from -€3,292 in 2023 to -€1,371 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 13-07-2026, 18 days before the deadline-€1,371
▲ €471
-€1,940
▲ €21
-€2,210
▲ €216
€17,902
▼ 34.0%
99.6%
▼ 0.4 percentage points
45.79
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €92,302 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
92,302 | 94,112 | 46,995 | |
21/28 |
74,000 | 67,000 | 35,000 | |
28 |
74,000 | 67,000 | 35,000 | |
29/58 |
18,302 | 27,112 | 11,995 | |
40/41 |
127 | 0 | 701 | |
40 |
127 | 0 | 701 | |
54/58 |
18,175 | 27,112 | 11,294 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
92,302 | 94,112 | 46,995 | |
10/15 |
91,902 | 94,112 | 46,538 | |
10/11 |
100,000 | 100,000 | 50,000 | |
14 |
-8,098 | -5,888 | -3,463 | |
17/49 |
400 | 0 | 458 | |
42/48 |
400 | 0 | 453 | |
44 |
400 | 0 | 453 | |
440/4 |
400 | 0 | 453 | |
492/3 |
- | 0 | 5 | |
| Income statement | ||||
9900 |
-1,371 | -1,843 | -3,292 | |
640/8 |
568 | 118 | 109 | |
9901 |
-1,940 | -1,961 | -3,401 | |
65/66B |
270 | 465 | 61 | |
65 |
270 | 465 | 61 | |
9903 |
-2,210 | -2,425 | -3,463 | |
9904 |
-2,210 | -2,425 | -3,463 | |
9905 |
-2,210 | -2,425 | -3,463 | |
| Appropriation of the result | ||||
9906 |
-8,098 | -5,888 | -3,463 | |
14P |
-5,888 | -3,463 | - | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 13-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| - | - | 100,000 | ||
| -8,937 | 15,818 | - | ||
| 17,902 | 27,112 | 11,542 | ||
| 99.6% | 100.0% | 99.0% | ||
| 45.79 | - | 26.48 | ||
| 0.00 | 0.00 | 0.01 | ||
| -2.4% | -2.6% | -7.4% | ||
| -2.4% | -2.6% | -7.4% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Financial fixed assets | - | - | €100,000 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Make III
The operating result for 2025 is a loss of €1,940, smaller than the loss of €1,961 in 2024.
Debt's share of the balance-sheet total is 0.4%.
Board & ownership
Board
1 director, since incorporationStatutory director, permanent representative VERLUYTEN Kristof
since 29-06-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 13-07-2026
Permanent representatives 1
Mandates through the years
1 name, the dashed line is todayFinco Management
Statutory director
Statutory director
Board
Mandates as a list
- Finco Management
- Statutory director, from 29-06-2022 to date
Control
25%
This company
Make III
Equity €91,902
Loss €2,210 in 2025
Capital
- Contribution
- €100,000
- Shares
- 100,000
- Contribution per share
- €1
- Equity per share
- €0.92 in 2025
- Source
- deed of 01-07-2022
Owners through the years
as the annual accounts name themOwners as a list
- Amethis
- Atsco
Source: lists of holdings in the owners' accounts
Articles of association
deed of 01-07-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 14:30
Shareholders
2 ownersOwners 2
- Equity €10,000 Profit of €81,124 in 2026 (profit of €89,462 in 2025)25%
- Equity €145,238 Profit of €50,954 in 2025 (profit of €36,677 in 2024) Checked score 98Sourceaccounts Atsco 202515%
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 01-07-2022 ↗
- M. WILLAERT (BE 0549.868.155) 30,000 shares (30%)
- K. VERLUYTEN (BE 0549.961.195) 30,000 shares (30%)
- AMETHIS (BE 0759.426.658) 25,000 shares (25%)
- ATSCO (BE 0786.461.845) 15,000 shares (15%)
Capital over time
- 01-07-2022 Incorporation · €100,000 · 100,000 shares
Network & group
No group
Make III has no parent and no holdings in its annual accounts. Finco Management is the only director.
At the same address
Noorderlaan 79, 2030 Antwerp · 33 other companies| FIN.CO
registered office since 06-11-1998 · founded in 1998 · group WALUFIN |
total assets €227.9m (2025) 0464.527.159 |
| WALUFIN
registered office since 15-03-2016 · founded in 2016 |
total assets €146.8m (2025) 0649.950.181 |
| LAB9 STORES
establishment since 03-06-2022 · founded in 1988 |
202 FTE (2025) 0434.088.955 |
| BDO BELGIUM
establishment since 01-01-2022 · founded in 1970 · group Michaël Delbeke Bedrijfsrevisor |
129 FTE (2025) 0407.716.932 |
| BDO ACCOUNTANTS & BELASTINGADVISEURS
establishment since 14-02-2022 · founded in 1989 · group Michaël Delbeke Bedrijfsrevisor |
227 FTE (2025) 0438.475.137 |
| PLOUVIER GROUP
registered office since 16-09-2008 · founded in 2008 |
turnover €1.1m (2025) 0806.429.690 |
| Finco Private Equity III
registered office since 30-06-2022 · founded in 2022 · group WALUFIN |
total assets €28.1m (2025) 0787.858.744 |
| Vioneo
registered office since 17-06-2024 · founded in 2024 · negative equity (2025) |
2.3 FTE (2025) 1010.438.211 |
| PLOUVIER CHARTERING
registered office since 01-01-1965 · founded in 1965 · group PLOUVIER GROUP |
8.9 FTE (2025) 0404.542.062 |
| Globetrade Deluco
establishment since 09-07-2018 · founded in 1991 · accounts filed late |
29 FTE (2024) 0443.916.639 |
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Finco Private Equity III
via Finco Management · Manager · deed of 04-07-2022
Founded in 2022 · total assets €28.1m (2025) · group WALUFIN
→
Timeline
Timeline
6 events since 2022Filings
Establishments
Address
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 18 days before the deadline
2025
Annual accounts 2024 filed PDFabbreviated format · 27 days late
2024
Annual accounts 2023 filed PDFabbreviated format · 5 days late
2023
Registered office moved within AntwerpNew registered office: Noorderlaan 79 Bus 8, 2030 Antwerpen · Previous registered office: Duboisstraat 48, 2060 Antwerpen · Board meeting of 05-09-20233 points ▸
- Board meeting, 05-09-2023
- Registered-office move, Noorderlaan 79 Bus 8, 2030 Antwerpen
- Power of attorney, BV Factum Fiscalis (lasthebber, bij bijzondere volmacht)
2022
IncorporationFounding capital of €100,000, 100,000 shares · Founders: M. WILLAERT, K. VERLUYTEN, AMETHIS and 1 other · Appointment: Finco Management BV (statutory director) · published on 01-07-20228 points ▸
- Founder, M. WILLAERT
- Founder, K. VERLUYTEN
- Founder, AMETHIS
- Founder, ATSCO
- Founding capital, €100,000, 100,000 shares
- Registered office clause, Duboisstraat 48, 2060 Antwerpen
- Director appointment, Finco Management BV (statutory director)
- Permanent representative, VERLUYTEN Kristof
- The deed holds 3 more points.
First establishment Noorderlaan 79, Antwerp
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Make III was incorporated on 29 June 2022 as a private limited company by M. WILLAERT, K. VERLUYTEN and two other companies, with a starting capital of €100,000.12 The registered office was moved to Antwerp in 2023.3 Since 2022, Finco Management has served as statutory director.4 Total assets rose from €46,995 in 2023 to €92,302 in 2025.5
Company details
Identity
- Enterprise number
- 0787.829.545
- VAT number
- BE 0787.829.545
- Peppol ID
- 0208:0787829545
- Other Peppol ID
- 9925:BE0787829545
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 29-06-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 14:30deed of 01-07-2022 (in Dutch)
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Make III in Dutch
- Name in the Peppol Directory
- MAKE III BV (R410)
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 01-07-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 01-07-2022 (in Dutch)
Activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het verwerven, rechtstreeks of onrechtstreeks, bij wijze van inschrijving, aankoop, ruil, inbreng, fusie, samenwerking, financiële…”deed of 01-07-2022 (in Dutch)
5 activities
- Het verwerven, rechtstreeks of onrechtstreeks, bij wijze van inschrijving, aankoop, ruil, inbreng, fusie, samenwerking, financiële tussenkomst of anderszins, van een belang, een participatie, een deelneming of een investering in alle bestaande of nog op te richten vennootschappen, ondernemingen, bedrijvigheden, verenigingen of andere personen
- Het beheren, het valoriseren en het te gelde maken, in de meest ruime betekenis, van de hiervoor bedoelde belangen, participaties, deelnemingen en investeringen
- De deelname, rechtstreeks of onrechtstreeks, aan het management, het bestuur, de bestuursorganen, de bedrijfsvoering, de controle en de vereffening van vennootschappen, ondernemingen, bedrijvigheden, verenigingen en personen waarin zij een belang, participatie, deelneming of investering heeft
- Het verlenen van advies en bijstand, op alle mogelijke vlakken, met betrekking tot de bedrijfsactiviteiten, het management, het bestuur en de bestuursorganen van vennootschappen, ondernemingen, bedrijvigheden, verenigingen en personen waarin zij een belang, participatie, deelneming of investering heeft, en in het algemeen het stellen van alle handelingen die geheel of gedeeltelijk, rechtstreeks of onrechtstreeks, inherent zijn aan de activiteiten van investeringsfondsen of een holding, in de meest ruime betekenis
- Het verstrekken van onderpand of garanties ten voordele van andere vennootschappen, ondernemingen, bedrijvigheden, verenigingen en personen, of het garanderen van hun verplichtingen, het optreden als hun agent of hun vertegenwoordiger, het toestaan van voorschotten, kredieten, leningen of andere financieringsvormen, evenals het verlenen van hypotheken of andere zekerheden
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Noorderlaan 79 registered office 2030 Antwerp 64210 Activities of holding companies | 29-06-2022 | 2.333.295.012 |
1 former office
- Duboisstraat 48, 2060 Antwerpen until 05-09-2023 · deed of 22-11-2023
Buildings and parcels at the address
- Ground area
- 1.0 ha
- Buildings
- 4,496 m²
- Volume, LiDAR
- 50,522 m³
- Tallest building
- 16.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11807G1783/00D000 | 1.0 ha | 1 · 4,496 m² | 16.7 m · 4 |