MAKE IT RIGHT
ActiveSummary
MAKE IT RIGHT has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,047 and a net result of -€27,587. Equity has been shrinking by about 16% per year since 2019. Its solvency ranks better than 78% of 39,272 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-12-2012 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Establishment unit
- 2.216.023.002 7140 Morlanwelz, since 11-12-2012
- Financial year end
- 30 June
- Peppol
- Reachable since 04-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- -€19,012
- ▼ 277%
- Loss
- €27,587
- ▲ 79.1%
- Equity
- €73,047
- ▼ 27.4%
- Total assets
- €91,198
- ▼ 54.2%
- Staff
- ≈ 0 FTE
- estimated
Score breakdownraises riskLoss of €27,587, the second in a row (financial year 2025)lowers riskLiquidity: current ratio 4.77, cash €61,586Size: total assets €91,198Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 70, micro). It does better than 86% of them on solvency, 88% on liquidity, 4% on profitability and 19% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 26-12-2025 PDF all 12 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €28,598, larger than the loss of €15,690 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €2,568 | €3,986 | €6,744 | - |
| Depreciation and write-downs of the year | €8,531 | €8,145 | €8,420 | €8,151 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €351,958 | €89,793 | €46,696 | ▼ 48.0% |
| Remuneration, social security and pensions62 | - | - | - | €1,138 | €1,225 | €937 | €1,048 | ▲ 11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,351 | €8,261 | €5,435 | €8,531 | €8,145 | €8,420 | €8,151 | ▼ 3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €8,333 | - | - | - |
| Other operating charges640/8 | - | - | - | - | - | - | €387 | - |
| Non-recurring operating charges66A | - | - | - | - | €16,158 | €1,286 | - | - |
| Gross operating margin9900 | €213,958 | €157,848 | -€24,572 | €53,143 | €289,831 | -€5,047 | -€19,012 | ▼ 277% |
| Operating profit (loss)9901 | €204,293 | €148,672 | -€31,242 | €43,474 | €255,970 | -€15,690 | -€28,598 | ▼ 82.3% |
| Financial income75/76B | - | - | - | - | €18 | €1,055 | €1,628 | ▲ 54.3% |
| Recurring financial income75 | - | - | - | - | €18 | €1,055 | €1,628 | ▲ 54.3% |
| Financial charges65/66B | - | - | - | €997 | €665 | €494 | €335 | ▼ 32.2% |
| Recurring financial charges65 | €1,220 | €862 | €855 | €997 | €665 | €494 | €335 | ▼ 32.2% |
| Profit (loss) for the period before taxes9903 | €203,073 | €147,810 | -€32,097 | €42,477 | €255,323 | -€15,129 | -€27,305 | ▼ 80.5% |
| Income taxes67/77 | €54,416 | €36,564 | €388 | €8,644 | €17,424 | €277 | €282 | ▲ 1.8% |
| Profit (loss) for the period9904 | €148,657 | €111,246 | -€32,485 | €33,833 | €237,899 | -€15,406 | -€27,587 | ▼ 79.1% |
| Profit (loss) for the period to be appropriated9905 | €148,657 | €111,246 | -€32,485 | €33,833 | €237,899 | -€15,406 | -€27,587 | ▼ 79.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €243,015 | €346,266 | €303,038 | €354,222 | €358,649 | €199,044 | €91,198 | ▼ 54.2% |
| Fixed assets21/28 | €12,219 | €14,529 | €27,112 | €21,149 | €16,990 | €12,803 | €4,652 | ▼ 63.7% |
| Tangible fixed assets22/27 | €12,219 | €14,529 | €27,112 | €21,149 | €16,990 | €12,803 | €4,652 | ▼ 63.7% |
| Furniture and vehicles24 | - | - | - | €7,793 | €6,580 | €5,339 | €134 | ▼ 97.5% |
| Other tangible fixed assets26 | - | - | - | €13,356 | €10,410 | €7,464 | €4,518 | ▼ 39.5% |
| Current assets29/58 | €230,796 | €331,737 | €275,926 | €333,073 | €341,659 | €186,241 | €86,546 | ▼ 53.5% |
| Amounts receivable within one year40/41 | €61,568 | €78,992 | €66,016 | €56,719 | €106,770 | €64,985 | €24,960 | ▼ 61.6% |
| Trade receivables40 | - | - | - | €56,719 | €101,170 | €37,500 | - | - |
| Other amounts receivable41 | - | - | - | - | €5,600 | €27,485 | €24,960 | ▼ 9.2% |
| Cash at bank and in hand54/58 | €166,667 | €247,490 | €202,044 | €273,744 | €234,889 | €121,256 | €61,586 | ▼ 49.2% |
| Deferred charges and accrued income490/1 | - | - | - | €2,610 | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €243,015 | €346,266 | €303,038 | €354,222 | €358,649 | €199,044 | €91,198 | ▼ 54.2% |
| Equity10/15 | €205,741 | €316,987 | €284,502 | €318,335 | €245,469 | €100,634 | €73,047 | ▼ 27.4% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €7,570 | €7,570 | €7,570 | = |
| Capital10 | - | - | - | €6,200 | - | - | - | - |
| Issued capital100 | - | - | - | €18,600 | - | - | - | - |
| Uncalled capital101 | - | - | - | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - | - | - | - |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - | - | - |
| Profit (loss) carried forward14 | €197,681 | €308,927 | €276,442 | €310,275 | €237,899 | €93,064 | €65,477 | ▼ 29.6% |
| Amounts payable17/49 | €37,274 | €29,279 | €18,536 | €35,887 | €113,180 | €98,410 | €18,151 | ▼ 81.6% |
| Amounts payable after more than one year17 | €833 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €26,006 | €29,279 | €18,536 | €35,887 | €113,180 | €98,410 | €18,151 | ▼ 81.6% |
| Trade debts44 | €4,264 | €2,435 | €8,866 | €18,122 | €74,531 | €40,086 | €3,071 | ▼ 92.3% |
| Suppliers440/4 | - | - | - | €18,122 | €74,531 | €40,086 | €3,071 | ▼ 92.3% |
| Taxes, remuneration and social security45 | - | - | - | €14,134 | €25,109 | €11,491 | €7,406 | ▼ 35.5% |
| Taxes450/3 | - | - | - | €11,140 | €17,537 | €478 | €1,426 | ▲ 198% |
| Remuneration and social security454/9 | - | - | - | €2,994 | €7,572 | €11,013 | €5,980 | ▼ 45.7% |
| Other amounts payable47/48 | - | - | - | €3,631 | €13,540 | €46,833 | €7,674 | ▼ 83.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €148,657 | €111,246 | -€32,485 | €33,833 | €237,899 | -€15,406 | -€27,587 | ▼ 79.1% |
| + Depreciation and write-downs630 | €8,351 | €8,261 | €5,435 | €8,531 | €8,145 | €8,420 | €8,151 | ▼ 3.2% |
| Operating cash flow (approximation) | €157,008 | €119,507 | -€27,050 | €42,364 | €246,044 | -€6,986 | -€19,436 | ▼ 178% |
| Investment in fixed assets (approximation) | - | -€10,571 | -€18,018 | -€2,568 | -€3,986 | -€4,233 | €0 | - |
| Change in cash | - | €80,823 | -€45,446 | €71,700 | -€38,855 | -€113,633 | -€59,670 | ▲ 47.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,805 companies had the same profile as MAKE IT RIGHT has now. Two years later, 2.0% had gone bankrupt and 88.1% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MAKE IT RIGHT itself is lower: < 0.1% within 12 months. It rests on far more data about MAKE IT RIGHT than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,805 companies, not a prediction for MAKE IT RIGHT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 26-12-2025 | 2025-00590642 | |
| 30-06-2024 | micro format | 13-01-2025 | 2025-00003744 | |
| 30-06-2023 | micro format | 22-12-2023 | 2023-00534870 | |
| 30-06-2022 | micro format | 27-12-2022 | 2022-20546819 | |
| 30-06-2021 | micro format | 29-12-2021 | 2021-81900436 | |
| 30-06-2020 | micro format | 04-02-2021 | 2021-04600092 | |
| 30-06-2019 | micro format | 03-02-2020 | 2020-03700007 | |
| 30-06-2018 | micro format | 05-02-2019 | 2019-04300206 | |
| 30-06-2017 | micro format | 08-01-2018 | 2018-00500067 | |
| 30-06-2016 | full format | 11-01-2017 | 2017-00800058 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 04-04-2023 Converted to unavailable equity · €8,060
- 04-04-2023 Converted to uncalled contributions · €12,400
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BEUGNIES ISABELLE |
|
| Simon Pieret |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Pour moitié à charge cédant et pour moitié à charge acquéreurs proportionnellement nombre actions acquises s'ils sont plusieurs, tous cas…”
Articles of association, deed of 04-04-2023 (in French)
Network & group
MAKE IT RIGHT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of MAKE IT RIGHT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
12-07
Gazette deed
Resignation: Simon Pieret (director)1 point ▸
- Director resignation, Simon Pieret (director)
04-04
Gazette deed
Amendment of the articles · Legal-form changeCapital conversion · Capital · Board composition11 points ▸
- General meeting, 14-02-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “compte de capitaux propres apports non appelés” (deed in French)
- Other provision, “limitation du compte de capitaux propres statutairement indisponible, disponible pour distributions futures” (deed in French)
- Capital
- Board composition, BEUGNIES Isabelle Ghislaine (director)
- Board composition, PIERET Simon (director)
- Registered office clause, “7140 Morlanwelz,Rue des Pâquerettes 26” (deed in French)
- Power of attorney
- Power of attorney, Frédéric DEBOUCHE
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
13 activities
- La gestion d’entreprises et conseil en matière de gestion d’entreprises
- Toute contribution à l’établissement et au développement d’entreprises et en particulier de dispenser des avis techniques, commerciaux ou administratifs ou juridiques dans le sens le plus large du terme, à l’exception des conseils de placement d’argent et d’autres, fournir des conseils, son assistance et exécuter des services directement ou indirectement sur le plan de l’administration et des finances, de la gestion des ressources humaines, questions de rémunérations, méthodes de production, des techniques d’organisation et de distributions commerciales, et plus généralement de la gestion en général et de l’exercice de toutes activités de services et de management au sens le plus large de ces termes à toutes personnes physiques ou morales quelconques ; exécuter tous mandats sous forme d’études d’organisation, d’expertises, d’actes et de conseils techniques ou autres dans tout domaine rentrant dans son objet social
- Le développement de tous projets commerciaux et financiers
- Toutes opérations immobilières et toutes études ayant trait à tous biens et/ou à tous droits immobiliers, par nature, par incorporation ou par destination, et aux biens et/ou à tous droits mobiliers qui en découlent, ainsi que toutes opérations civiles, commerciales, industrielles ou financières, qui s’y rapportent directement ou indirectement, comme, à titre d’exemple, l’achat, la mise en valeur, le lotissement, l’échange, l’amélioration, la location meublée ou non, la vente, la cession, la gestion, la transformation, la construction et la destruction de biens immobiliers et mobiliers
- Aux fins de réaliser son objet, la société peut émettre des emprunts obligataires, des certificats fonciers et tout autre emprunt analogue
- La société peut agir pour son compte, par commission, comme intermédiaire ou comme représentant
- L’acquisition, la vente et la gestion de tout patrimoine mobilier ou immobilier, notamment l’acquisition, la construction, l’aménagement, la location, la location-vente, la sous-location, l’échange, l’entretien, la réparation, la concession de tout droit réel et la vente de toute action en capital, meuble ou immeuble, tant en usufruit, qu’en nue-propriété et qu’en pleine propriété
- La gestion de tout patrimoine mobilier incluant la détention ou l’achat d’instruments financiers de toutes sortes
- La gestion de participations sous n’importe quelle forme dans toutes sociétés belges et étrangères, tant en vue de les valoriser qu’en exercice pur et simple de mandat d’administration
- Elle peut accepter tout mandat de gestion et d’administration dans toute société et association quelconque et se porter caution pour autrui
- Elle peut accomplir toutes opérations généralement quelconques, commerciales, industrielles, financières, mobilières ou immobilières, se rapportant directement ou indirectement à son objet
- La société peut s’intéresser par toutes voies, dans toutes affaires, entreprises ou sociétés ayant un objet identique, analogue, similaire ou connexe, ou qui soit de nature à favoriser le développement de son entreprise
- La société pourra se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société liée ou non
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 56057A0122/00V035 | Wallonia | 2,068 m² | 1 · 182 m² | - |