Makejovan
ActiveSummary
Makejovan has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of €484,108. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 68% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-12
Solvency80▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity ample (current ratio 5.09 against 5.55 in 2024; short-term debt: 0.6% and cash: 3% of total assets), and 45.4% of the assets are financed with debt.
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Signals
Seven 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
54.6%
Return on assets
10.3%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €2.6m
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-05-2026, 20 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
on the day
2023
on the day
2022
3 d early
2021
1 d early
2020
4 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2.6m▲ 23.3%
2024 · €2.1m
Total assets
€4.7m▲ 1.8%
2024 · €4.6m
Net result
€484,108▼ 48.3%
2024 · €936,492
Working capital
€121,436▼ 94.6%
2024 · €2.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€41,071▼ 36.9%€28,842▼ 29.8%€2.6m▲ 8,763%€1.4m▼ 47.0%€450,877▼ 66.7%
Net result€40,961above the sector's middle half▼ 37.0%€28,850within the sector's middle half▼ 29.6%€2.3mabove the sector's middle half▲ 7,835%€936,492above the sector's middle half▼ 59.1%€484,108above the sector's middle half▼ 48.3%
Equity-€1.2mbelow the sector's middle half▲ 3.4%-€1.1mbelow the sector's middle half▲ 2.4%€1.1mabove the sector's middle half€2.1mabove the sector's middle half▲ 82.1%€2.6mabove the sector's middle half▲ 23.3%
Total assets€3.3mabove the sector's middle half▲ 5.0%€3.4mabove the sector's middle half▲ 4.3%€4.1mabove the sector's middle half▲ 20.0%€4.6mabove the sector's middle half▲ 12.3%€4.7mabove the sector's middle half▲ 1.8%
Debt€4.5m▲ 2.6%€4.6m▲ 2.5%€3.0m▼ 35.1%€2.5m▼ 14.6%€2.1m▼ 15.8%
Working capital€1.4mabove the sector's middle half▲ 22.0%€1.6mabove the sector's middle half▲ 17.3%€2.6mabove the sector's middle half▲ 60.1%€2.2mabove the sector's middle half▼ 12.6%€121,436above the sector's middle half▼ 94.6%
Solvency-35.9%below the sector's middle half▲ 3.1pp-33.6%below the sector's middle half▲ 2.3pp27.8%within the sector's middle half▲ 61.4pp45.1%within the sector's middle half▲ 17.3pp54.6%within the sector's middle half▲ 9.5pp
Current ratio80.69above the sector's middle half▲ 18.0099.81above the sector's middle half▲ 19.118.73above the sector's middle half▼ 91.085.55above the sector's middle half▼ 3.185.09above the sector's middle half▼ 0.46
Return on assets (ROA)1.2%within the sector's middle half▼ 0.8pp0.8%within the sector's middle half▼ 0.4pp55.8%above the sector's middle half▲ 54.9pp20.3%above the sector's middle half▼ 35.5pp10.3%above the sector's middle half▼ 10.0pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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 has fallen two years in a row; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.7m
Fixed assets
€4.5m ▲ 141%
Current assets
€151,093 ▼ 94.4%
Equity and liabilities €4.7m
Equity
€2.6m ▲ 23.3%
Debt
€2.1m ▼ 15.8%
Debt's share of the balance-sheet total falls from 54.9% to 45.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€491,402▼
2024 · €1.4m
Cash flow
€524,632▼
2024 · €984,792
Debt to equity
0.83▼
2024 · 1.22
ROE
18.9%▼
2024 · 45.1%
Interest coverage
57.95▲
2024 · 43.15
Debt ≤ 1 year
€29,657▼
2024 · €490,284
Debt > 1 year
€1.9m▼
2024 · €1.9m
Income taxes
€173,287▼
2024 · €472,626
Staff costs
€7,457▼
2024 · €13,732
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2.6m | €1.5m | €573,202 | ▼ 61.4% |
| Remuneration, social security and pensions62 | €13,480 | €16,085 | €17,339 | €13,732 | €7,457 | ▼ 45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €99,389 | €92,126 | €62,824 | €48,301 | €40,525 | ▼ 16.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €108,129 | €120,143 | €120,143 | €120,143 | €93,643 | ▼ 22.1% |
| Other operating charges640/8 | €24,759 | €26,739 | €24,085 | €25,223 | €21,922 | ▼ 13.1% |
| Gross operating margin9900 | €286,827 | €283,935 | €2.8m | €1.6m | €614,425 | ▼ 60.7% |
| Operating profit (loss)9901 | €41,071 | €28,842 | €2.6m | €1.4m | €450,877 | ▼ 66.7% |
| Financial income75/76B | €1 | €138 | €22,134 | €86,030 | €214,997 | ▲ 150% |
| Recurring financial income75 | €1 | €138 | €22,134 | €86,030 | €214,997 | ▲ 150% |
| Financial charges65/66B | €110 | €130 | €132 | €32,535 | €8,480 | ▼ 73.9% |
| Recurring financial charges65 | €110 | €130 | €132 | €32,535 | €8,480 | ▼ 73.9% |
| Profit (loss) for the period before taxes9903 | €40,961 | €28,850 | €2.6m | €1.4m | €657,394 | ▼ 53.3% |
| Income taxes67/77 | - | - | €289,024 | €472,626 | €173,287 | ▼ 63.3% |
| Profit (loss) for the period9904 | €40,961 | €28,850 | €2.3m | €936,492 | €484,108 | ▼ 48.3% |
| Profit (loss) for the period to be appropriated9905 | €40,961 | €28,850 | €2.3m | €936,492 | €484,108 | ▼ 48.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €3.4m | €4.1m | €4.6m | €4.7m | ▲ 1.8% |
| Fixed assets21/28 | €1.9m | €1.8m | €1.2m | €1.9m | €4.5m | ▲ 141% |
| Tangible fixed assets22/27 | €1.9m | €1.8m | €1.2m | €896,760 | €734,437 | ▼ 18.1% |
| Land and buildings22 | €1.9m | €1.8m | €1.2m | €896,760 | €734,437 | ▼ 18.1% |
| Financial fixed assets28 | €134 | €134 | €134 | €989,541 | €3.8m | ▲ 285% |
| Current assets29/58 | €1.4m | €1.6m | €2.9m | €2.7m | €151,093 | ▼ 94.4% |
| Amounts receivable within one year40/41 | - | - | - | €4,145 | €4,500 | ▲ 8.6% |
| Trade receivables40 | - | - | - | €4,145 | €4,500 | ▲ 8.6% |
| Current investments50/53 | - | - | - | €2.6m | - | - |
| Cash at bank and in hand54/58 | €1.4m | €1.6m | €2.9m | €105,649 | €141,173 | ▲ 33.6% |
| Deferred charges and accrued income490/1 | - | - | €7,743 | €5,914 | €5,420 | ▼ 8.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €3.4m | €4.1m | €4.6m | €4.7m | ▲ 1.8% |
| Equity10/15 | -€1.2m | -€1.1m | €1.1m | €2.1m | €2.6m | ▲ 23.3% |
| Contributions10/11 | €545,366 | €545,366 | €545,366 | €545,366 | €545,366 | = |
| Capital10 | €545,366 | €545,366 | €545,366 | €545,366 | €545,366 | = |
| Issued capital100 | €545,366 | €545,366 | €545,366 | €545,366 | €545,366 | = |
| Reserves13 | - | - | €594,992 | €1.5m | €2.0m | ▲ 31.6% |
| Non-distributable reserves130/1 | - | - | €32,562 | €54,537 | €54,537 | = |
| Legal reserve130 | - | - | €32,562 | €54,537 | €54,537 | = |
| Distributable reserves133 | - | - | €562,430 | €1.5m | €2.0m | ▲ 32.8% |
| Profit (loss) carried forward14 | -€1.7m | -€1.7m | - | - | - | - |
| Amounts payable17/49 | €4.5m | €4.6m | €3.0m | €2.5m | €2.1m | ▼ 15.8% |
| Amounts payable after more than one year17 | €2.5m | €2.5m | €2.4m | €1.9m | €1.9m | ▼ 1.7% |
| Financial debts170/4 | €2.4m | €2.4m | €2.4m | €1.9m | €1.9m | ▼ 1.6% |
| Other amounts payable178/9 | €60,140 | €53,340 | €33,061 | €18,431 | €16,031 | ▼ 13.0% |
| Amounts payable within one year42/48 | €17,079 | €16,154 | €330,487 | €490,284 | €29,657 | ▼ 94.0% |
| Trade debts44 | €15,301 | €14,376 | €45,982 | €42,177 | €18,852 | ▼ 55.3% |
| Suppliers440/4 | €15,301 | €14,376 | €45,982 | €42,177 | €18,852 | ▼ 55.3% |
| Taxes, remuneration and social security45 | €1,778 | €1,779 | €284,505 | €448,108 | €10,806 | ▼ 97.6% |
| Taxes450/3 | - | - | €282,395 | €446,941 | €9,949 | ▼ 97.8% |
| Remuneration and social security454/9 | €1,778 | €1,779 | €2,109 | €1,167 | €857 | ▼ 26.5% |
| Accrued charges and deferred income492/3 | €2.0m | €2.1m | €197,305 | €120,143 | €213,787 | ▲ 77.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,961 | €28,850 | €2.3m | €936,492 | €484,108 | ▼ 48.3% |
| + Depreciation and write-downs630 | €99,389 | €92,126 | €62,824 | €48,301 | €40,525 | ▼ 16.1% |
| Operating cash flow (approximation) | €140,350 | €120,976 | €2.4m | €984,792 | €524,632 | ▼ 46.7% |
| Investment in fixed assets (approximation) | - | €0 | €526,184 | -€715,724 | -€2.7m | ▼ 277% |
| Change in cash | - | €234,197 | €1.3m | -€2.8m | €35,524 | ▲ 101% |
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
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €2mEq €2.1m ▲82.1%
7 profitable years in a row build equity to €2.1m.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €2.3m ▲7,835%
Operating result €2.6m, net result €2.3m, both a record.
30-09
Financial
Equity above €1mEq €1.1m
6 profitable years in a row build equity to €1.1m.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Schaarbeek · 1 establishment unit since 1993
Ground area
163 m²
Building footprint
111 m²
Volume, LiDAR
1,802 m³
Parcel 21905C0152/00Y003, Brussels · tallest building 21.6 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Eugène Plaskylaan 68, 1030 Schaarbeek
since 19932.236.476.045
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0152/00Y003 | Brussels | 163 m² | 1 · 111 m² | 21.6 m · 6 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400Z49ALXQJDI3377
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 4,005 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-09-1993
Fiscal year end30-09
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Contact
E-mail
info@makevan.beSchaarbeek
Phone
02/7336724Schaarbeek
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450901629
Also
9925:BE0450901629
Registered
27-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.