MAKE logistics
ActiveMAKE logistics has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €11k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 28% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-4
Solvency52▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.56 in 2024; short-term debt: 12.3% and cash: 6% of total assets), and 73.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.5%
Return on assets
5.5%
Age of the figures
9 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
24 d early
2024
27 d early
2023
33 d early
2022
33 d early
2021
17 d early
2020
17 d early
2019
36 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€53k▲ 26.4%
2024 · €42k
2018: €16k
2019: €20k
2020: €23k
2021: €28k
2022: €29k
2023: €29k
2024: €42k
2018 → 2025
Total assets
€201k▲ 32.9%
2024 · €151k
2018: €37k
2019: €36k
2020: €172k
2021: €165k
2022: €159k
2023: €153k
2024: €151k
2018 → 2025
Net result
€11k▼ 16.6%
2024 · €13k
2018: €10k
2019: €4k
2020: €3k
2021: €5k
2022: €2k
2023: €-579
2024: €13k
2018 → 2025
Working capital
€5k▼ 22.0%
2024 · €7k
2018: €14k
2019: €19k
2020: €-18k
2021: €-11k
2022: €-9k
2023: €-7k
2024: €7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€29k▲ 5.6%€29k▼ 2.0%€42k▲ 46.3%€53k▲ 26.4%
Operating result€11k-€6k▼ 43.4%€2k▼ 71.5%€21k▲ 1,134%€18k▼ 12.8%
Net result€5k-€2k▼ 70.3%€-579€13k€11k▼ 16.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €201k
Fixed assets
€171k▲ 29.7%
Current assets
€30k▲ 54.9%
Equity and liabilities €201k
Equity
€53k▲ 26.4%
Debt
€148k▲ 35.5%
The debt ratio rises from 72.1% to 73.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▼
2024 · €31k
Cash flow
€21k▼
2024 · €23k
Solvency
26.5%▼
2024 · 27.9%
Current ratio
1.22▼
2024 · 1.56
Quick ratio
1.22▼
2024 · 1.56
Debt / equity
2.77▲
2024 · 2.59
ROE
20.9%▼
2024 · 31.6%
ROA
5.5%▼
2024 · 8.8%
Interest coverage
9.93▼
2024 · 12.28
Debt
€148k▲
2024 · €109k
Debt ≤ 1 year
€25k▲
2024 · €13k
Debt > 1 year
€122k▲
2024 · €96k
Income taxes
€5k▼
2024 · €5k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€151k€201k▲
Fixed assets21/28€132k€171k▲
Tangible fixed assets22/27€132k€171k▲
Land and buildings22€125k€117k▼
Furniture and vehicles24€7k€54k▲
Current assets29/58€20k€30k▲
Amounts receivable within one year40/41€11k€18k▲
Trade receivables40€11k€16k▲
Other amounts receivable41€0€2k▲
Cash at bank and in hand54/58€9k€12k▲
Deferred charges and accrued income490/1€0€77▲
Equity and liabilities
Total equity and liabilities10/49€151k€201k▲
Equity10/15€42k€53k▲
Contributions10/11€6k€6k=
Reserves13€36k€47k▲
Distributable reserves133€36k€47k▲
Amounts payable17/49€109k€148k▲
Amounts payable after more than one year17€96k€122k▲
Financial debts170/4€96k€122k▲
Amounts payable within one year42/48€13k€25k▲
Current portion of amounts payable after more than one year42€9k€17k▲
Financial debts43€0€1k▲
Credit institutions430/8€0€1k▲
Trade debts44€353€544▲
Suppliers440/4€353€544▲
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€6k▲
Accrued charges and deferred income492/3€890€890▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€505€683▲
Gross operating margin9900€31k€29k▼
Operating profit (loss)9901€21k€18k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€19k€16k▼
Income taxes67/77€5k€5k▼
Profit (loss) for the period9904€13k€11k▼
Profit (loss) for the period to be appropriated9905€13k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€11k▼
Transfer from equity791/2€0-
Transfer to equity691/2€13k€11k▼
To other reserves6921€13k€11k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.56
Current ratio from 0.66 to 1.56; short-term debt falls from €20k to €13k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-579 ▼137%
Net result drops to €-579, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2017
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.
Dorp West 86-882070 Beveren-Kruibeke-ZwijndrechtGround area
181 m²
Building footprint
125 m²
Volume, LiDAR
431 m³
Parcel 11056A0407/00Y000, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MAKE logistics
since 20172.266.532.979
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11056A0407/00Y000indicative | Flanders | 181 m² | 1 · 125 m² | 8.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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 82,569 companies in sector 70200 we hold annual accounts for 52,573. 38,401 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-07-2017
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
49320Non-scheduled passenger transport by road
49390Land transport and transport via pipelines
49410Freight transport by road
52250Logistics services
52290Warehousing and support activities for transportation
62900Other information technology and computer services
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.