MAKEASY
ActiveMAKEASY has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €110k. Equity is growing by ~39.8% per year across the filed fiscal years. Its solvency ranks better than 34% of 7683 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
83
/ 100
Excellent▼ -17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency57▼-39
Growth78=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 2.01 in 2024), and 69.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 82
Relative position
BE, all sectors
reference
Sector 82
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
30.7%
Return on assets
54%
Age of the figures
8 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 01-07-2026, 30 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
30 d early
2024
32 d late
2023
30 d late
2022
75 d late
2021
10 d late
2020
88 d late
2019
91 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€62k▼ 8.6%
2024 · €68k
2019: €9k
2020: €11k
2021: €32k
2022: €18k
2023: €63k
2024: €68k
2019 → 2025
Total assets
€203k▲ 53.4%
2024 · €132k
2019: €11k
2020: €36k
2021: €69k
2022: €55k
2023: €95k
2024: €132k
2019 → 2025
Net result
€110k▲ 20.8%
2024 · €91k
2019: €3k
2020: €8k
2021: €22k
2022: €16k
2023: €75k
2024: €91k
2019 → 2025
Working capital
€59k▼ 9.0%
2024 · €64k
2019: €7k
2020: €9k
2021: €31k
2022: €15k
2023: €61k
2024: €64k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€18k▼ 44.0%€63k▲ 249%€68k▲ 7.7%€62k▼ 8.6%
Operating result€33k-€25k▼ 22.7%€97k▲ 284%€124k▲ 28.7%€156k▲ 25.9%
Net result€22k-€16k▼ 27.9%€75k▲ 373%€91k▲ 21.7%€110k▲ 20.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 26% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €203k
Fixed assets
€4k▼ 0.3%
Current assets
€199k▲ 55.0%
Equity and liabilities €203k
Equity
€62k▼ 8.6%
Debt
€140k▲ 119%
The debt ratio rises from 48.4% to 69.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€158k▲
2024 · €125k
Cash flow
€111k▲
2024 · €91k
Solvency
30.7%▼
2024 · 51.6%
Current ratio
1.42▼
2024 · 2.01
Quick ratio
1.42▼
2024 · 2.01
Debt / equity
2.25▲
2024 · 0.94
ROE
175.8%▲
2024 · 133.1%
ROA
54.0%▼
2024 · 68.6%
Interest coverage
433.33▼
2024 · 638.85
Debt
€140k▲
2024 · €64k
Debt ≤ 1 year
€140k▲
2024 · €64k
Income taxes
€46k▲
2024 · €33k
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€132k€203k▲
Fixed assets21/28€4k€4k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€2k€2k=
Current assets29/58€128k€199k▲
Amounts receivable within one year40/41€91k€192k▲
Trade receivables40€90k€192k▲
Other amounts receivable41€1k-
Cash at bank and in hand54/58€37k€5k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€132k€203k▲
Equity10/15€68k€62k▼
Profit (loss) carried forward14€68k€62k▼
Amounts payable17/49€64k€140k▲
Amounts payable within one year42/48€64k€140k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€61k€138k▲
Taxes450/3€61k€135k▲
Remuneration and social security454/9-€3k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€394€1k▲
Other operating charges640/8€6k€6k▼
Gross operating margin9900€131k€164k▲
Operating profit (loss)9901€124k€156k▲
Financial income75/76B€60€1▼
Recurring financial income75€60€1▼
Financial charges65/66B€195€364▲
Recurring financial charges65€195€364▲
Profit (loss) for the period before taxes9903€124k€156k▲
Income taxes67/77€33k€46k▲
Profit (loss) for the period9904€91k€110k▲
Profit (loss) for the period to be appropriated9905€91k€110k▲
Appropriation of the result
Profit (loss) to be appropriated9906€154k€178k▲
Profit (loss) brought forward from the previous period14P€63k€68k▲
Profit to be distributed694/7€86k€115k▲
Return on contributions (dividend)694€86k€115k▲
The notes to these accounts (5 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €110k ▲20.8%
Operating result €156k, net result €110k, both a record.
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 2.90
Current ratio from 1.42 to 2.90; short-term debt falls from €37k to €32k.
14-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 75 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ganshoren · 1 establishment unit since 2018
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.
Pampoelstraat 111083 GanshorenGround area
166 m²
Building footprint
105 m²
Volume, LiDAR
690 m³
Parcel 21392A0095/00B007, Brussels · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAKEASY
since 20182.282.265.587
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21392A0095/00B007 | Brussels | 166 m² | 1 · 105 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 24,424 companies in sector 82990 we hold annual accounts for 9,361. 7,011 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2018
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
70100Activities of head offices
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.