Make More
ActiveSummary
Make More has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,260 and a net result of €300. Equity has been stable since 2023 (±1.1% per year). Its solvency ranks better than 46% of 2,480 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-06-2019 Normal situation
- Activity
- Promotion and organisation of arts and performing arts events NACE 90391and 5 others
- Establishment unit
- 2.291.417.934 1410 Waterloo, since 26-06-2019
- Financial year end
- 30 June
- Peppol
- Reachable since 26-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts to 30-06-2025
- Gross margin
- €8,921
- ▼ 10.9%
- Turnover
- ≈ €51,000
- estimated
- Profit
- €300
- ▲ 252%
- Equity
- €17,260
- ▲ 1.8%
- Total assets
- €39,232
- ▲ 21.5%
Score breakdownraises riskFounded in 2019lowers riskSector: Arts creation and performing arts activities (NACE 90)Size: total assets €39,232Figures for financial year 2025 (filed on 01-02-2026)Show the evidence
Checked score
Score 2025
87
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 36% of micro companies in creative and performing arts (NACE 90)
Financial strength · tick: 2024
Average
Solvency
69-9
equity 44.0% of total assets
Liquidity
32+3
short-term debt 56.0% · cash 8.9%
Profitability
40-4
return on assets 0.8%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%highest value
01-2025: 0.6%▼ -0.6 percentage points vs 12-2024
02-2025: 0.2%▼ -0.4 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.4%▲ +0.2 percentage points vs 01-2026
03-2026: 0.1%▼ -0.3 percentage points vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.92 (0.88 in 2024), below 1. Short-term debt is 56% and cash 8.9% of total assets. 56% of the assets are financed with debt and provisions.
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 90, micro). It does better than 47% of them on solvency, 19% on liquidity, 30% on profitability and 49% on growth.
The bankruptcy probability was computed on 02-11-2026 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).
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 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 day early
2024
1 day early
2023
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 1 day before the deadline. In the sector (NACE 90), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (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
30-06-2026 year end03-11-2026 today31-01-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 3 filings
Turnover
≈ €51,000
Estimated: probably between €24,000 and €100,000
Total assets
€39,232▲ 21.5%
2024 · €32,279
Net result
€300▲ 252%
2024 · €85
Working capital
-€1,693▲ 7.6%
2024 · -€1,833
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€3,111
▲ 2.8%
2025
20232025
Net result
€300
▲ 252%
2025
middle half of the sector
20232025
Equity
€17,260
▲ 1.8%
2025
middle half of the sector
20232025
Total assets
€39,232
▲ 21.5%
2025
lowest quarter of the sector
20232025
Debt
€21,972
▲ 43.4%
2025
20232025
Working capital
-€1,693
▲ 7.6%
2025
middle half of the sector
20232025
Solvency
44.0%
▼ 8.5pp
2025
middle half of the sector
20232025
Current ratio
0.92
▲ 0.04
2025
middle half of the sector
20232025
Return on assets (ROA)
0.8%
▲ 0.5pp
2025
middle half of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€25,164-€3,026€3,111▲ 2.8%
Net result-€26,393below the sector's middle half-€85within the sector's middle half€300within the sector's middle half▲ 252%
Equity€16,875within the sector's middle half-€16,960within the sector's middle half▲ 0.5%€17,260within the sector's middle half▲ 1.8%
Total assets€35,800below the sector's middle half-€32,279below the sector's middle half▼ 9.8%€39,232below the sector's middle half▲ 21.5%
Debt€18,926-€15,319▼ 19.1%€21,972▲ 43.4%
Working capital-€4,362within the sector's middle half--€1,833within the sector's middle half▲ 58.0%-€1,693within the sector's middle half▲ 7.6%
Solvency47.1%within the sector's middle half-52.5%within the sector's middle half▲ 5.4pp44.0%within the sector's middle half▼ 8.5pp
Current ratio0.77below the sector's middle half-0.88below the sector's middle half▲ 0.110.92within the sector's middle half▲ 0.04
Return on assets (ROA)-73.7%below the sector's middle half-0.3%within the sector's middle half▲ 74.0pp0.8%within the sector's middle half▲ 0.5pp
above
within
below
The sector band is the middle half of the companies in Arts creation and performing arts activities (NACE 90). 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 operating result for 2025 is 3% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,232
Fixed assets
€18,953 ▲ 0.9%
Current assets
€20,279 ▲ 50.4%
Equity and liabilities €39,232
Equity
€17,260 ▲ 1.8%
Debt
€21,972 ▲ 43.4%
Debt's share of the balance-sheet total rises from 47.5% to 56.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6,376▼
2024 · €7,642
Cash flow
€3,565▼
2024 · €4,702
Debt to equity
1.27▲
2024 · 0.90
ROE
1.7%▲
2024 · 0.5%
Interest coverage
2.49▼
2024 · 2.95
Debt ≤ 1 year
€21,972▲
2024 · €15,319
Income taxes
€560▲
2024 · €350
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|
| Tangible fixed assets | €33,229 | €2,173 | €3,425 |
| Depreciation and write-downs of the year | €4,797 | €4,617 | €3,265 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,797 | €4,617 | €3,265 | ▼ 29.3% |
| Other operating charges640/8 | €1,299 | €2,364 | €2,545 | ▲ 7.6% |
| Gross operating margin9900 | -€19,068 | €10,007 | €8,921 | ▼ 10.9% |
| Operating profit (loss)9901 | -€25,164 | €3,026 | €3,111 | ▲ 2.8% |
| Financial income75/76B | €219 | - | €313 | - |
| Recurring financial income75 | €219 | - | €313 | - |
| Financial charges65/66B | €1,066 | €2,591 | €2,564 | ▼ 1.0% |
| Recurring financial charges65 | €1,066 | €2,591 | €2,564 | ▼ 1.0% |
| Profit (loss) for the period before taxes9903 | -€26,011 | €435 | €860 | ▲ 97.6% |
| Income taxes67/77 | €382 | €350 | €560 | ▲ 60.0% |
| Profit (loss) for the period9904 | -€26,393 | €85 | €300 | ▲ 252% |
| Profit (loss) for the period to be appropriated9905 | -€26,393 | €85 | €300 | ▲ 252% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €35,800 | €32,279 | €39,232 | ▲ 21.5% |
| Fixed assets21/28 | €21,236 | €18,793 | €18,953 | ▲ 0.9% |
| Tangible fixed assets22/27 | €21,236 | €18,793 | €18,953 | ▲ 0.9% |
| Plant, machinery and equipment23 | €1,091 | €709 | €422 | ▼ 40.4% |
| Furniture and vehicles24 | €2,978 | €2,912 | €4,855 | ▲ 66.7% |
| Other tangible fixed assets26 | €17,167 | €15,172 | €13,675 | ▼ 9.9% |
| Current assets29/58 | €14,564 | €13,486 | €20,279 | ▲ 50.4% |
| Amounts receivable within one year40/41 | €13,481 | €11,545 | €15,605 | ▲ 35.2% |
| Trade receivables40 | €13,481 | €11,545 | €15,605 | ▲ 35.2% |
| Cash at bank and in hand54/58 | €223 | €744 | €3,486 | ▲ 369% |
| Deferred charges and accrued income490/1 | €860 | €1,197 | €1,188 | ▼ 0.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €35,800 | €32,279 | €39,232 | ▲ 21.5% |
| Equity10/15 | €16,875 | €16,960 | €17,260 | ▲ 1.8% |
| Contributions10/11 | €500 | €500 | €500 | = |
| Reserves13 | €42,767 | €16,460 | €16,760 | ▲ 1.8% |
| Non-distributable reserves130/1 | €50 | €50 | €50 | = |
| Reserves not available under the articles1311 | €50 | €50 | €50 | = |
| Distributable reserves133 | €42,717 | €16,410 | €16,710 | ▲ 1.8% |
| Profit (loss) carried forward14 | -€26,393 | - | - | - |
| Amounts payable17/49 | €18,926 | €15,319 | €21,972 | ▲ 43.4% |
| Amounts payable within one year42/48 | €18,926 | €15,319 | €21,972 | ▲ 43.4% |
| Current portion of amounts payable after more than one year42 | €504 | - | - | - |
| Trade debts44 | €2,825 | €2,125 | €2,921 | ▲ 37.4% |
| Suppliers440/4 | €2,825 | €2,125 | €2,921 | ▲ 37.4% |
| Taxes, remuneration and social security45 | €10,651 | €8,496 | €3,900 | ▼ 54.1% |
| Taxes450/3 | €7,042 | €3,630 | €2,400 | ▼ 33.9% |
| Remuneration and social security454/9 | €3,610 | €4,866 | €1,500 | ▼ 69.2% |
| Other amounts payable47/48 | €4,945 | €4,697 | €15,152 | ▲ 223% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,393 | €85 | €300 | ▲ 252% |
| + Depreciation and write-downs630 | €4,797 | €4,617 | €3,265 | ▼ 29.3% |
| Operating cash flow (approximation) | -€21,595 | €4,702 | €3,565 | ▼ 24.2% |
| Investment in fixed assets (approximation) | - | -€2,173 | -€3,425 | ▼ 57.6% |
| Change in cash | - | €521 | €2,743 | ▲ 426% |
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, 5,047 companies had the same profile as Make More has now. Two years later, 93.9% were still going and 2.2% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
93.9%
was still going
3.8%
stopped otherwise
2.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Make More itself is lower: 0.2% within 12 months. It rests on far more data about Make More 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 5,047 companies, not a prediction for Make More. 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.
Board & ownership
Directors
Directors
1 director, last change in 2022
Maxime BINNEMANS
Current
Director (not named in the articles) · since 22-12-2022 · term without a fixed end · listed in the 2025 annual accounts, filed on 30-01-2026
Owners and capital
Capital transactions
Capital over time
- 28-12-2022 Converted to unavailable equity · €550
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Un ou plusieurs, 10”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata si plusieurs, entre vifs ou pour cause de mort”
Articles of association, deed of 28-12-2022 (in French)
Network & group
Make More shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of Make More. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
30-01
micro format · 1 day before the deadline
2025
30-06
Financial
Highest result from 2023 to 2025net €300 ▲252%
The operating result of €3,111 and the net result of €300 are both a record.
30-01
micro format · 1 day before the deadline
2024
30-06
Financial
Back to profitnet €85
The net result is €85, after one loss-making year.
31-01
micro format · on the deadline day
2022
28-12
Gazette deed
Registered office moved within WaterlooAppointment: Maxime BINNEMANS (director) · Auditor report · Legal-form conversion13 points ▸
Gazette deed
Registered office moved within Waterloo
Appointment: Maxime BINNEMANS (director) · Auditor report · Legal-form conversion13 points ▸
- General meeting, 23-12-2022
- Other provision, “dispense lecture rapport organe d’administration pour transformation, article 14:5 Code des sociétés et des associations” (deed in French)
- Auditor report, 21-12-2022
- Other provision, “dispense reproduction textuelle rapports par notaire, parfaite connaissance” (deed in French)
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Registered-office move, Avenue de l’Abbaye d’Aywiers 22 1410 Waterloo
- Amendment of the articles
- Capital
- Capital conversion, “compte de capitaux propres indisponible” (deed in French)
- Other provision, “Titre V Assemblée générale, TITRE V. ASSEMBLEE GENERALE” (deed in French)
- Director appointment, Maxime BINNEMANS (director (not named in the articles))
- Power of attorney, Maxime BINNEMANS
- The act holds 1 more point.
2019
08-07
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Make More in French
Enterprise number
0728.908.676
Legal form
Private limited company
Status
Active, normale toestand
Founded
26-06-2019
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-12-2022 (in French)Name clauseThe company operates under this name according to its articles.
Make More
deed of 28-12-2022 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région wallonne, sièges administratifs agences ateliers dépôts succursales Belgique étranger selon article 2:4”
deed of 28-12-2022 (in French)Registered office and establishments
Registered office
Avenue de l'Abbaye d'Aywiers 22, 1410 Waterloo, Belgium
Establishment unit
MAKE MORE, Avenue de l'Abbaye d'Aywiers 22, 1410 Waterloo since 26-06-2019 · unit number 2.291.417.934
Activities
NACEBEL 202590391
Promotion and organisation of arts and performing arts events main activity
73300
Public relations and communication consultancy
74130
Interior design
82300
Organisation of conventions and trade shows
82990
Other business support services
90202
Performing arts by artistic ensembles
Codes under NACEBEL 2008
90021
Arts creation and performing arts activities main activity
70210
Activities of head offices; management consultancy activities
74104
Other professional, scientific and technical activities
82300
Organisation of conventions and trade shows
82990
Other business support services
90012
Arts creation and performing arts activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 28-12-2022 (in French)
“L’organisation d’évènements et de manifestations,culturelles,festives ou sportives,de type nationale ou internationale; L’organisation de…”
16 activities
- L’organisation d’évènements et de manifestations,culturelles,festives ou sportives,de type nationale ou internationale
- L’organisation de soirées dansantes,congrès,salons,concerts,dîners-spectacles,spectacles,défilés de mode,mariages
- Avec un concept d’actes à la carte,de services de sonorisation,disc-jockey,maquillage,décoration,photo-vidéo,journalisme et décoration intérieur
- La vente,import,export,l’achat de textile,de cadeaux d’entreprise
- L’activité de traiteur,photographe,animateurs,artistes
- La location de salles d’évènements,l’hébergement,la consultant,le marketing,la création,de développement,l’administration de son site internet
- L’achat,la vente d’espace publicitaire,l’achat ou la vente de site Internet
- Expert en digital et Community Management
- Des activités d’intermédiaires de commerce en tout genre
- L’organisation,l’enseignement et la réalisation de formations,séminaires,cours,congrès,conférences,stage,stages de perfectionnement,dans tous les domaines repris ci-dessus
- Des prestations de services se rapportant directement ou indirectement aux activités ci-dessus
- L’achat,la vente,la location,la mise à disposition de tous procédés,de tous droits intellectuels et de tout matériel se rapportant directement ou indirectement aux activités ci-dessus
- Toutes activités relatives à une entreprise générale de bâtiments ; notamment d’effectuer les travaux de rénovation,de finition (peinture,décoration,revêtement de sols,etc),de maçonnages,de carrelage,de plafonnage et de sanitaires
- Toute activité de vente et de pose de menuiseries,de charpente,de fabrication de meubles
- Le commerce et l’industrie de matériaux de construction et de tout ce qui se rapporte à l’industrie de la construction
- Acheter,ventre,louer et prendre en location tout matériel,tous matériaux et toutes marchandises généralement quelconques s’y rapportant
Invoicing and payment
VAT number
BE 0728.908.676
Financial year and general meeting
Accounts at the NBBFinancial year end
30-06
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of December at 18:00
deed of 28-12-2022 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
702 m²
Building footprint
110 m²
Building volume
621 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25764N0874/00N000 | Wallonia | 702 m² | 1 · 110 m² | 7.5 m · 2 |