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Make22

Active
Private limited companyfounded 2022active for 4 yearsTenberg 109, 9402 Ninove, BelgiumKBO/BCE: BE 0788.846.659
Summary

Make22 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€261,108) and a net result of -€77,828. Equity is shrinking by about 31% per year across the filed financial years. Its solvency ranks better than 5% of 9,732 sector peers (NACE 64, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activities of holding companies
NACE 64210
1 site
Size
€249,426total assets 2025
Equity
-€261,108
Loss
-€77,828
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
  • Van den Bleken MarijnDirector
2025 accounts 38 days early2 of 3 deeds summarised
Signalsraises riskWeak solvency vs sectorneutralLatest accounts filed on timeShow the evidence

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

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Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Two signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9732 sector peers (2025).
NBB · sector comparison
Position among 9732 sector peers
Solvency
better than 5%
← weakest strongest →
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 23-06-2026, 38 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
38 days early
2024
77 days early
2023
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 28 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed 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 23 June (3 of the last 3 filed years within 69 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Registered officeRegistered-office move · Power of…
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, micro format

Equity
-€261,108▼ 42.5%
2024 · -€183,280
Net result
-€77,828▼ 127%
2024 · -€34,307
Total assets
€249,426▼ 11.5%
2024 · €281,833
Solvency
-104.7%▼ 39.7pp
2024 · -65.0%
Trend over the years

2023 to 2025, 3 financial years

The operating result stays negative: a loss of €75,020 in 2025 against €30,326 in 2024; the loss grows.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€75,020 2025 Net result-€77,828 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result-€142,297--€30,326▲ 78.7%-€75,020▼ 147%
Net result-€149,073below the sector's middle half--€34,307below the sector's middle half▲ 77.0%-€77,828below the sector's middle half▼ 127%
Equity-€148,973below the sector's middle half--€183,280below the sector's middle half▼ 23.0%-€261,108below the sector's middle half▼ 42.5%
Total assets€306,743within the sector's middle half-€281,833within the sector's middle half▼ 8.1%€249,426within the sector's middle half▼ 11.5%
Debt€455,716-€465,113▲ 2.1%€510,534▲ 9.8%
Working capital-€10,312within the sector's middle half--€37,576below the sector's middle half▼ 264%-€109,765below the sector's middle half▼ 192%
Solvency-48.6%below the sector's middle half--65.0%below the sector's middle half▼ 16.5pp-104.7%below the sector's middle half▼ 39.7pp
Current ratio0.88within the sector's middle half-0.65below the sector's middle half▼ 0.220.35below the sector's middle half▼ 0.31
Return on assets (ROA)-48.6%below the sector's middle half--12.2%below the sector's middle half▲ 36.4pp-31.2%below the sector's middle half▼ 19.0pp
above within below the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €249,426
Fixed assets €190,737 ▼ 9.4%
Current assets €58,689 ▼ 17.7%
Equity and liabilities
Equity-€261,108
Debt€510,534
Equity is negative: debt (€510,534) exceeds the balance-sheet total (€249,426).
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€168,454▲
2024 · €108,879
Debt > 1 year
€341,439▼
2024 · €356,234
Income taxes
€99▼
2024 · €140
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€281,833€249,426▼
Fixed assets21/28€210,530€190,737▼
Tangible fixed assets22/27€210,530€190,387▼
Land and buildings22€51,488€51,488=
Plant, machinery and equipment23€1,435€739▼
Furniture and vehicles24€40,798€25,462▼
Other tangible fixed assets26€116,810€112,698▼
Financial fixed assets28-€350
Current assets29/58€71,303€58,689▼
Amounts receivable within one year40/41€12,511€7,613▼
Trade receivables40€11,216€4,622▼
Other amounts receivable41€1,295€2,991▲
Cash at bank and in hand54/58€7,662€5,475▼
Deferred charges and accrued income490/1€51,130€45,601▼
Equity and liabilities
Total equity and liabilities10/49€281,833€249,426▼
Equity10/15-€183,280-€261,108▼
Contributions10/11€100€100=
Profit (loss) carried forward14-€183,380-€261,208▼
Amounts payable17/49€465,113€510,534▲
Amounts payable after more than one year17€356,234€341,439▼
Financial debts170/4€26,234€11,439▼
Other amounts payable178/9€330,000€330,000=
Amounts payable within one year42/48€108,879€168,454▲
Current portion of amounts payable after more than one year42€14,290€14,795▲
Trade debts44€3,914€3,474▼
Suppliers440/4€3,914€3,474▼
Advances received on contracts in progress46-€2,664
Taxes, remuneration and social security45€978€238▼
Taxes450/3€978€238▼
Other amounts payable47/48€89,697€147,283▲
Accrued charges and deferred income492/3-€641
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,137€20,144=
Other operating charges640/8€1,682€956▼
Gross operating margin9900-€8,507-€53,921▼
Operating profit (loss)9901-€30,326-€75,020▼
Financial income75/76B€9€0▼
Recurring financial income75€9€0▼
Financial charges65/66B€3,849€2,709▼
Recurring financial charges65€3,849€2,709▼
Profit (loss) for the period before taxes9903-€34,167-€77,729▼
Income taxes67/77€140€99▼
Profit (loss) for the period9904-€34,307-€77,828▼
Profit (loss) for the period to be appropriated9905-€34,307-€77,828▼
Appropriation of the result
Profit (loss) to be appropriated9906-€183,380-€261,208▼
Profit (loss) brought forward from the previous period14P-€149,073-€183,380▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,008€20,137€20,144=
Other operating charges640/8€15,867€1,682€956▼ 43.2%
Gross operating margin9900-€100,423-€8,507-€53,921▼ 534%
Operating profit (loss)9901-€142,297-€30,326-€75,020▼ 147%
Financial income75/76B€6€9€0▼ 99.9%
Recurring financial income75€6€9€0▼ 99.9%
Financial charges65/66B€6,615€3,849€2,709▼ 29.6%
Recurring financial charges65€6,615€3,849€2,709▼ 29.6%
Profit (loss) for the period before taxes9903-€148,907-€34,167-€77,729▼ 127%
Income taxes67/77€166€140€99▼ 29.2%
Profit (loss) for the period9904-€149,073-€34,307-€77,828▼ 127%
Profit (loss) for the period to be appropriated9905-€149,073-€34,307-€77,828▼ 127%
Line202320242025Change
Assets
Total assets20/58€306,743€281,833€249,426▼ 11.5%
Fixed assets21/28€231,863€210,530€190,737▼ 9.4%
Tangible fixed assets22/27€231,863€210,530€190,387▼ 9.6%
Land and buildings22€51,488€51,488€51,488=
Plant, machinery and equipment23€735€1,435€739▼ 48.5%
Furniture and vehicles24€58,717€40,798€25,462▼ 37.6%
Other tangible fixed assets26€120,922€116,810€112,698▼ 3.5%
Financial fixed assets28--€350-
Current assets29/58€74,881€71,303€58,689▼ 17.7%
Amounts receivable within one year40/41€10,309€12,511€7,613▼ 39.1%
Trade receivables40€858€11,216€4,622▼ 58.8%
Other amounts receivable41€9,451€1,295€2,991▲ 131%
Cash at bank and in hand54/58€7,821€7,662€5,475▼ 28.5%
Deferred charges and accrued income490/1€56,751€51,130€45,601▼ 10.8%
Equity and liabilities
Total equity and liabilities10/49€306,743€281,833€249,426▼ 11.5%
Equity10/15-€148,973-€183,280-€261,108▼ 42.5%
Contributions10/11€100€100€100=
Profit (loss) carried forward14-€149,073-€183,380-€261,208▼ 42.4%
Amounts payable17/49€455,716€465,113€510,534▲ 9.8%
Amounts payable after more than one year17€370,524€356,234€341,439▼ 4.2%
Financial debts170/4€40,524€26,234€11,439▼ 56.4%
Other amounts payable178/9€330,000€330,000€330,000=
Amounts payable within one year42/48€85,192€108,879€168,454▲ 54.7%
Current portion of amounts payable after more than one year42€13,798€14,290€14,795▲ 3.5%
Trade debts44€3,650€3,914€3,474▼ 11.2%
Suppliers440/4€3,650€3,914€3,474▼ 11.2%
Advances received on contracts in progress46--€2,664-
Taxes, remuneration and social security45€166€978€238▼ 75.6%
Taxes450/3€166€978€238▼ 75.6%
Other amounts payable47/48€67,578€89,697€147,283▲ 64.2%
Accrued charges and deferred income492/3--€641-
Line202320242025Change
Profit (loss) for the period9904-€149,073-€34,307-€77,828▼ 127%
+ Depreciation and write-downs630€26,008€20,137€20,144=
Operating cash flow (approximation)-€123,066-€14,170-€57,684▼ 307%
Investment in fixed assets (approximation)-€1,195-€350-
Change in cash--€158-€2,187▼ 1,283%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference
31-12-2025 micro format 23-06-2026 2026-00188096
31-12-2024 micro format 15-05-2025 2025-00095070
31-12-2023 micro format 30-08-2024 2024-00418394

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 24,457 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,067. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, last change in 2024
Van den Bleken Marijn
Director · from a recent deed
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 3 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

2 people since 2024, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Van den Bleken Marijnfrom an act
  • Director, since before 14-02-2024
Hillmayer Kerstin
  • Director (not named in the articles), until 14-02-2024
See the board, name and registered office on a given date →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

Make22 was incorporated on 25 July 2022 as a private limited company.1 The registered office was moved to Meerbeke in 2026.2 Total assets fell from €306,743 in 2023 to €249,426 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 31-03-2026
  3. 3National Bank, annual accounts 2023 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
23-06
NBB filing Annual accounts filed
financial year 2025 · micro format
31-03
Gazette deed Registered office
Registered-office move · Power of attorney2 facts ▸
  • Registered-office move, Tenberg 109, 9402 Meerbeke
  • Power of attorney, De Saedeleer, Boekhouders - Fiscalisten
2025
15-05
NBB filing Annual accounts filed
financial year 2024 · micro format
2024
30-08
NBB filing Annual accounts filed
financial year 2023 · micro format · 30 days late
14-02
Gazette deed Resignation: Kerstin Hillmayer (director)
Director discharge4 facts ▸
  • General meeting, 12-01-2024
  • Director resignation, Kerstin Hillmayer (director (not named in the articles))
  • Director discharge, Kerstin Hillmayer
  • Director in office, Van den Bleken Marijn (director)
Gazette deedNBB filing
2 of 3 deeds read
About the unread acts

Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded25-07-2022
Financial year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:0788846659
Also 9925:BE0788846659
Registered 30-10-2023

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Ninove · 1 establishment unit since 2022
registered office establishment The establishment unit on the map
Ground area
1,236 m²
Parcel 41038C0424/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
Tenberg 109, 9402 Ninove
Activities of holding companies
since 2022unit no. 2.334.435.652
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
41038C0424/00F000 Flanders 1,235 m² - -
How the parcels are linked
Good to know
The parcel matches the address exactly.