Make Property Work
ActiveSummary
Make Property Work has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,863 and a net result of €499. Equity is shrinking by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 683 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42▼-8
Solvency60▼-22
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.43 in 2024; short-term debt: 65% and cash: 12.8% of total assets), and 65% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-03-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
29 d late
2024
87 d late
2023
463 d late
2022
15 d late
2021
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 119 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€10,863▲ 4.8%
2024 · €10,364
Total assets
€31,076▲ 70.7%
2024 · €18,207
Net result
€499
2024 · -€3,523
Working capital
-€708▲ 84.1%
2024 · -€4,443
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€35,119--€14,108▲ 59.8%-€13,140▲ 6.9%-€3,279▲ 75.0%-€1,320▲ 59.7%
Net result-€35,219below the sector's middle half--€14,129below the sector's middle half▲ 59.9%-€11,765below the sector's middle half▲ 16.7%-€3,523within the sector's middle half▲ 70.1%€499within the sector's middle half
Equity€39,781within the sector's middle half-€25,652within the sector's middle half▼ 35.5%€13,887within the sector's middle half▼ 45.9%€10,364within the sector's middle half▼ 25.4%€10,863within the sector's middle half▲ 4.8%
Total assets€54,851within the sector's middle half-€35,174below the sector's middle half▼ 35.9%€23,038below the sector's middle half▼ 34.5%€18,207below the sector's middle half▼ 21.0%€31,076below the sector's middle half▲ 70.7%
Debt€15,070-€9,522▼ 36.8%€9,151▼ 3.9%€7,843▼ 14.3%€20,213▲ 158%
Working capital-€5,154--€7,697▼ 49.3%-€8,010▼ 4.1%-€4,443▲ 44.5%-€708▲ 84.1%
Solvency72.5%within the sector's middle half-72.9%within the sector's middle half▲ 0.4pp60.3%within the sector's middle half▼ 12.6pp56.9%within the sector's middle half▼ 3.4pp35.0%within the sector's middle half▼ 22.0pp
above
within
below
the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,320 in 2025 against €3,279 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31,076
Fixed assets
€11,572 ▼ 21.9%
Current assets
€19,504 ▲ 474%
Equity and liabilities €31,076
Equity
€10,863 ▲ 4.8%
Debt
€20,213 ▲ 158%
Debt's share of the balance-sheet total rises from 43.1% to 65.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9,697▲
2024 · €9,311
Cash flow
€11,515▲
2024 · €9,067
Current ratio
0.96▲
2024 · 0.43
Debt to equity
1.86▲
2024 · 0.76
ROE
4.6%▲
2024 · -34.0%
ROA
1.6%▲
2024 · -19.4%
Debt ≤ 1 year
€20,213▲
2024 · €7,843
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,047 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,254 | €11,586 | €11,451 | €12,590 | €11,016 | ▼ 12.5% |
| Other operating charges640/8 | - | €348 | - | - | €761 | - |
| Non-recurring operating charges66A | - | - | - | - | €4,496 | - |
| Gross operating margin9900 | -€22,517 | -€2,174 | -€1,689 | €9,311 | €14,954 | ▲ 60.6% |
| Operating profit (loss)9901 | -€35,119 | -€14,108 | -€13,140 | -€3,279 | -€1,320 | ▲ 59.7% |
| Financial income75/76B | - | - | €1,444 | €1 | €1,819 | ▲ 181,789% |
| Recurring financial income75 | - | - | €1,444 | €1 | €1,819 | ▲ 181,789% |
| Non-recurring financial income76B | - | - | - | - | €1,819 | - |
| Financial charges65/66B | - | €21 | €69 | €245 | - | - |
| Recurring financial charges65 | €100 | €21 | €69 | €245 | - | - |
| Profit (loss) for the period before taxes9903 | -€35,219 | -€14,129 | -€11,765 | -€3,523 | €499 | ▲ 114% |
| Profit (loss) for the period9904 | -€35,219 | -€14,129 | -€11,765 | -€3,523 | €499 | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | -€35,219 | -€14,129 | -€11,765 | -€3,523 | €499 | ▲ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,851 | €35,174 | €23,038 | €18,207 | €31,076 | ▲ 70.7% |
| Formation expenses20 | €607 | €236 | - | - | - | - |
| Fixed assets21/28 | €44,328 | €33,113 | €21,898 | €14,808 | €11,572 | ▼ 21.9% |
| Intangible fixed assets21 | €44,328 | €33,113 | €21,898 | €10,683 | €1,335 | ▼ 87.5% |
| Tangible fixed assets22/27 | - | - | - | €4,125 | €10,236 | ▲ 148% |
| Furniture and vehicles24 | - | - | - | €4,125 | €10,236 | ▲ 148% |
| Current assets29/58 | €9,916 | €1,826 | €1,140 | €3,399 | €19,504 | ▲ 474% |
| Amounts receivable within one year40/41 | €6,363 | €317 | €575 | €1,634 | €15,531 | ▲ 851% |
| Trade receivables40 | - | - | - | €1,634 | €15,531 | ▲ 851% |
| Other amounts receivable41 | - | €317 | €575 | - | - | - |
| Cash at bank and in hand54/58 | €3,553 | €1,509 | €565 | €1,766 | €3,973 | ▲ 125% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,851 | €35,174 | €23,038 | €18,207 | €31,076 | ▲ 70.7% |
| Equity10/15 | €39,781 | €25,652 | €13,887 | €10,364 | €10,863 | ▲ 4.8% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Profit (loss) carried forward14 | -€35,219 | -€49,348 | -€61,113 | -€64,636 | -€64,137 | ▲ 0.8% |
| Amounts payable17/49 | €15,070 | €9,522 | €9,151 | €7,843 | €20,213 | ▲ 158% |
| Amounts payable within one year42/48 | €15,070 | €9,522 | €9,151 | €7,843 | €20,213 | ▲ 158% |
| Trade debts44 | €9,935 | €1,716 | €3,389 | €3,308 | €15,540 | ▲ 370% |
| Suppliers440/4 | - | €1,716 | €3,389 | €3,308 | €15,540 | ▲ 370% |
| Taxes, remuneration and social security45 | - | - | - | €1,672 | €3,993 | ▲ 139% |
| Taxes450/3 | - | - | - | €1,672 | €3,993 | ▲ 139% |
| Other amounts payable47/48 | - | €7,806 | €5,762 | €2,862 | €679 | ▼ 76.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,219 | -€14,129 | -€11,765 | -€3,523 | €499 | ▲ 114% |
| + Depreciation and write-downs630 | €12,254 | €11,586 | €11,451 | €12,590 | €11,016 | ▼ 12.5% |
| Operating cash flow (approximation) | -€22,964 | -€2,543 | -€314 | €9,067 | €11,515 | ▲ 27.0% |
| Investment in fixed assets (approximation) | - | -€371 | -€236 | -€5,500 | -€7,780 | ▼ 41.5% |
| Change in cash | - | -€2,044 | -€943 | €1,201 | €2,207 | ▲ 83.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
30-06
Financial
Back to profitnet €499
Net result €499 after 4 loss-making years.
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 463 days late
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 87 days late
2023
15-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Gembloux · 1 establishment unit since 2020
Ground area
141 m²
Building footprint
93 m²
Parcel 92053D0314/00A000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Make Property Work
since 20202.301.291.049
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92053D0314/00A000 | Wallonia | 141 m² | 1 · 93 m² | - |
Linked by address, not proof of ownership
Good to know
1 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 1,289 companies in sector 58290 we hold annual accounts for 594. 270 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-02-2020
Fiscal year end30-06
Activities, NACEBEL 2025
58290Other software publishing
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743865680
Also
9925:BE0743865680
Registered
07-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.