MAKE3EX
ActiveSummary
MAKE3EX has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57k and a net result of €100k. Equity is shrinking by ~27.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 25% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency43▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.62 against 0.51 in 2024; short-term debt: 81.8% and cash: 43.7% of total assets), and 81.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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
18.2%
Return on assets
32.1%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 7780 sector peers (2025).
NBB · sector comparisonPosition among 7780 sector peers
Solvency
better than 25%
← 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 30-06-2026, 31 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
31 d early
2024
28 d early
2023
14 d early
2022
22 d late
2021
11 d early
2020
31 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€57k▼ 46.6%
2024 · €106k
2019: €225k
2020: €372k▲ +65.5% vs 2019
2021: €487k▲ +31.2% vs 2020highest in 7 years
2022: €20k▼ -95.8% vs 2021lowest in 7 years
2023: €106k▲ +417% vs 2022
2024: €106k▲ +0.7% vs 2023
2025: €57k▼ -46.6% vs 2024
2019 → 2025
Total assets
€312k▼ 12.8%
2024 · €358k
2019: €258klowest in 7 years
2020: €388k▲ +50.4% vs 2019
2021: €516k▲ +33.0% vs 2020
2022: €626k▲ +21.3% vs 2021highest in 7 years
2023: €619k▼ -1.1% vs 2022
2024: €358k▼ -42.1% vs 2023
2025: €312k▼ -12.8% vs 2024
2019 → 2025
Net result
€100k▼ 5.1%
2024 · €106k
2019: €206khighest in 7 years
2020: €147k▼ -28.6% vs 2019
2021: €116k▼ -21.1% vs 2020
2022: €113k▼ -2.8% vs 2021
2023: €85k▼ -24.3% vs 2022lowest in 7 years
2024: €106k▲ +23.9% vs 2023
2025: €100k▼ -5.1% vs 2024
2019 → 2025
Working capital
€-98k▲ 21.2%
2024 · €-124k
2019: €219k
2020: €365k▲ +66.5% vs 2019
2021: €483k▲ +32.2% vs 2020highest in 7 years
2022: €-141k▼ -129% vs 2021lowest in 7 years
2023: €-52k▲ +62.9% vs 2022
2024: €-124k▼ -136% vs 2023
2025: €-98k▲ +21.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€487k-€20k▼ 95.8%€106k▲ 417%€106k▲ 0.7%€57k▼ 46.6%
2021: €487khighest in 5 years
2022: €20k▼ -95.8% vs 2021lowest in 5 years
2023: €106k▲ +417% vs 2022
2024: €106k▲ +0.7% vs 2023
2025: €57k▼ -46.6% vs 2024
Operating result€155k-€143k▼ 7.9%€111k▼ 22.1%€141k▲ 27.0%€135k▼ 4.6%
2021: €155khighest in 5 years
2022: €143k▼ -7.9% vs 2021
2023: €111k▼ -22.1% vs 2022lowest in 5 years
2024: €141k▲ +27.0% vs 2023
2025: €135k▼ -4.6% vs 2024
Net result€116k-€113k▼ 2.8%€85k▼ 24.3%€106k▲ 23.9%€100k▼ 5.1%
2021: €116khighest in 5 years
2022: €113k▼ -2.8% vs 2021
2023: €85k▼ -24.3% vs 2022lowest in 5 years
2024: €106k▲ +23.9% vs 2023
2025: €100k▼ -5.1% vs 2024
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 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €312k
Fixed assets
€154k ▼ 33.0%
Current assets
€158k ▲ 23.6%
Equity and liabilities €312k
Equity
€57k ▼ 46.6%
Debt
€256k ▲ 1.5%
Debt's share of the balance-sheet total rises from 70.3% to 81.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€137k▼
2024 · €144k
Cash flow
€103k▼
2024 · €109k
Current ratio
0.62▲
2024 · 0.51
Debt to equity
4.50▲
2024 · 2.36
ROE
176.6%▲
2024 · 99.3%
ROA
32.1%▲
2024 · 29.5%
Interest coverage
91.39▲
2024 · 64.69
Debt ≤ 1 year
€256k▲
2024 · €252k
Income taxes
€35k▼
2024 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€358k€312k▼
Fixed assets21/28€230k€154k▼
Tangible fixed assets22/27€5k€4k▼
Plant, machinery and equipment23€760€2k▲
Furniture and vehicles24€5k€3k▼
Financial fixed assets28€225k€150k▼
Current assets29/58€128k€158k▲
Amounts receivable within one year40/41€30k€20k▼
Trade receivables40€27k€19k▼
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€96k€136k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€358k€312k▼
Equity10/15€106k€57k▼
Contributions10/11€19k€19k=
Reserves13€88k€38k▼
Distributable reserves133€88k€38k▼
Amounts payable17/49€252k€256k▲
Amounts payable within one year42/48€252k€256k▲
Trade debts44€1k€94▼
Suppliers440/4€1k€94▼
Taxes, remuneration and social security45-€15k
Taxes450/3-€15k
Other amounts payable47/48€251k€240k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€722€720▼
Gross operating margin9900€145k€138k▼
Operating profit (loss)9901€141k€135k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€141k€135k▼
Income taxes67/77€35k€35k▼
Profit (loss) for the period9904€106k€100k▼
Profit (loss) for the period to be appropriated9905€106k€100k▼
Appropriation of the result
Profit (loss) to be appropriated9906€106k€100k▼
Transfer from equity791/2-€50k
Transfer to equity691/2€698-
To other reserves6921€698-
Profit to be distributed694/7€105k€150k▲
Return on contributions (dividend)694€105k€150k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €3k | €3k | €2k | ▼ 19.1% |
| Other operating charges640/8 | €523 | €643 | €880 | €722 | €720 | ▼ 0.3% |
| Gross operating margin9900 | €157k | €146k | €116k | €145k | €138k | ▼ 4.8% |
| Operating profit (loss)9901 | €155k | €143k | €111k | €141k | €135k | ▼ 4.6% |
| Financial income75/76B | €4 | €524 | €4k | €2k | €2k | ▼ 8.9% |
| Recurring financial income75 | €4 | €524 | €4k | €2k | €2k | ▼ 8.9% |
| Financial charges65/66B | €154 | €118 | €1k | €2k | €2k | ▼ 32.7% |
| Recurring financial charges65 | €154 | €118 | €1k | €2k | €2k | ▼ 32.7% |
| Profit (loss) for the period before taxes9903 | €155k | €143k | €114k | €141k | €135k | ▼ 4.2% |
| Income taxes67/77 | €39k | €31k | €29k | €35k | €35k | ▼ 1.5% |
| Profit (loss) for the period9904 | €116k | €113k | €85k | €106k | €100k | ▼ 5.1% |
| Profit (loss) for the period to be appropriated9905 | €116k | €113k | €85k | €106k | €100k | ▼ 5.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €516k | €626k | €619k | €358k | €312k | ▼ 12.8% |
| Fixed assets21/28 | €5k | €162k | €158k | €230k | €154k | ▼ 33.0% |
| Tangible fixed assets22/27 | €5k | €12k | €8k | €5k | €4k | ▼ 17.3% |
| Plant, machinery and equipment23 | €5k | €3k | €2k | €760 | €2k | ▲ 129% |
| Furniture and vehicles24 | - | €8k | €6k | €5k | €3k | ▼ 41.7% |
| Financial fixed assets28 | - | €150k | €150k | €225k | €150k | ▼ 33.3% |
| Current assets29/58 | €511k | €464k | €461k | €128k | €158k | ▲ 23.6% |
| Amounts receivable within one year40/41 | €26k | €18k | €21k | €30k | €20k | ▼ 31.8% |
| Trade receivables40 | €25k | €16k | €19k | €27k | €19k | ▼ 29.6% |
| Other amounts receivable41 | €1k | €2k | €2k | €3k | €1k | ▼ 52.1% |
| Cash at bank and in hand54/58 | €485k | €447k | €439k | €96k | €136k | ▲ 41.9% |
| Deferred charges and accrued income490/1 | €61 | €197 | €1k | €2k | €1k | ▼ 32.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €516k | €626k | €619k | €358k | €312k | ▼ 12.8% |
| Equity10/15 | €487k | €20k | €106k | €106k | €57k | ▼ 46.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €469k | €2k | €87k | €88k | €38k | ▼ 56.5% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €467k | - | €87k | €88k | €38k | ▼ 56.5% |
| Amounts payable17/49 | €29k | €606k | €513k | €252k | €256k | ▲ 1.5% |
| Amounts payable within one year42/48 | €29k | €606k | €513k | €252k | €256k | ▲ 1.5% |
| Trade debts44 | €2k | €1k | €2k | €1k | €94 | ▼ 91.9% |
| Suppliers440/4 | €2k | €1k | €2k | €1k | €94 | ▼ 91.9% |
| Taxes, remuneration and social security45 | €23k | €17k | €17k | - | €15k | - |
| Taxes450/3 | €23k | €17k | €17k | - | €15k | - |
| Other amounts payable47/48 | €4k | €587k | €494k | €251k | €240k | ▼ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116k | €113k | €85k | €106k | €100k | ▼ 5.1% |
| + Depreciation and write-downs630 | €2k | €3k | €3k | €3k | €2k | ▼ 19.1% |
| Operating cash flow (approximation) | €118k | €115k | €89k | €109k | €103k | ▼ 5.4% |
| Investment in fixed assets (approximation) | - | €-160k | €0 | €-75k | €74k | ▲ 198% |
| Change in cash | - | €-38k | €-8k | €-343k | €40k | ▲ 112% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €85k ▼24.3%
Net result drops to €85k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €106k ▲417%
5 profitable years in a row build equity to €106k.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 22.89
Current ratio from 7.52 to 22.89; short-term debt falls from €34k to €17k.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Niklaas · 1 establishment unit since 2018
Ground area
913 m²
Building footprint
167 m²
Volume, LiDAR
972 m³
Parcel 46447B0657/00B000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAKE3EX
since 20182.279.016.483
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46447B0657/00B000 | Flanders | 913 m² | 1 · 167 m² | 8.9 m · 2 fl. |
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 24,497 companies in sector 82990 we hold annual accounts for 9,406. 6,997 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
Founded21-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
63920Other information service activities
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.