Makejovan
Annual accounts 2025
micro format, filed on 20-05-2026, 20 days lateTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €700,000. Estimated: probably between €620,000 and €800,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €4.7m on 30-09-2025in €m
in €m
Position in the sector
54.6%
Higher than 68% of 19,803 companies in 2025.
5.09
Higher than 85% of 18,977 companies in 2025.
10.3%
Higher than 77% of 19,446 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
4.7m | 4.6m | 4.1m | 3.4m | 3.3m | 3.1m | 3.0m | 2.8m | 2.7m | 2.6m | 2.6m | 2.4m | 2.4m | 2.2m | 2.2m | 1.9m | 1.7m | 1.6m | 1.3m | |
21/28 |
4.5m | 1.9m | 1.2m | 1.8m | 1.9m | 2.0m | 2.1m | 2.2m | 2.3m | 2.4m | 2.1m | 2.2m | 2.1m | 2.1m | 2.1m | 1.9m | 1.7m | 1.5m | 1.3m | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | |
22/27 |
734,437 | 896,760 | 1.2m | 1.8m | 1.9m | 2.0m | 2.1m | 2.2m | 2.3m | 2.4m | 2.1m | 2.2m | 2.1m | 2.1m | 2.1m | 1.9m | 1.7m | 1.5m | 1.3m | |
22 |
734,437 | 896,760 | 1.2m | 1.8m | 1.9m | 2.0m | 2.1m | 2.2m | 2.3m | 2.4m | 2.1m | 2.2m | 2.1m | 2.1m | 2.1m | 1.9m | 1.7m | 1.5m | 1.3m | |
28 |
3.8m | 989,541 | 134 | 134 | 134 | 134 | 134 | 134 | 134 | 134 | 134 | 134 | 134 | 134 | 134 | 134 | 134 | 134 | 134 | |
29/58 |
151,093 | 2.7m | 2.9m | 1.6m | 1.4m | 1.1m | 870,025 | 620,985 | 422,707 | 234,046 | 477,482 | 238,875 | 294,942 | 148,705 | 19,841 | 10,470 | 27,707 | 14,499 | 1,314 | |
40/41 |
4,500 | 4,145 | - | - | - | - | - | - | - | - | 19,935 | - | - | - | 36 | - | - | - | - | |
40 |
4,500 | 4,145 | - | - | - | - | - | - | - | - | 19,935 | - | - | - | - | - | - | - | - | |
41 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 36 | - | - | - | - | |
50/53 |
- | 2.6m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 98 | |
54/58 |
141,173 | 105,649 | 2.9m | 1.6m | 1.4m | 1.1m | 870,025 | 614,976 | 410,976 | 222,352 | 453,226 | 238,875 | 294,942 | 133,604 | 19,805 | 10,470 | 27,707 | 14,499 | 1,001 | |
490/1 |
5,420 | 5,914 | 7,743 | - | - | - | - | 6,009 | 11,731 | 11,693 | 4,320 | - | - | 15,101 | - | - | - | - | 215 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
4.7m | 4.6m | 4.1m | 3.4m | 3.3m | 3.1m | 3.0m | 2.8m | 2.7m | 2.6m | 2.6m | 2.4m | 2.4m | 2.2m | 2.2m | 1.9m | 1.7m | 1.6m | 1.3m | |
10/15 |
2.6m | 2.1m | 1.1m | -1.1m | -1.2m | -1.2m | -1.3m | -1.3m | -1.3m | -1.3m | -1.2m | -1.1m | -1.0m | -1.0m | -986,944 | -887,527 | -769,259 | -694,681 | -619,913 | |
10/11 |
545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | |
10 |
545,366 | 545,366 | 545,366 | 545,366 | 545,366 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | 545,366 | |
13 |
2.0m | 1.5m | 594,992 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130/1 |
54,537 | 54,537 | 32,562 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
54,537 | 54,537 | 32,562 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
2.0m | 1.5m | 562,430 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
- | - | - | -1.7m | -1.7m | -1.8m | -1.8m | -1.8m | -1.8m | -1.8m | -1.7m | -1.7m | -1.6m | -1.6m | -1.5m | -1.4m | -1.3m | -1.2m | -1.2m | |
17/49 |
2.1m | 2.5m | 3.0m | 4.6m | 4.5m | 4.3m | 4.2m | 4.1m | 4.0m | 3.9m | 3.8m | 3.6m | 3.4m | 3.3m | 3.2m | 2.8m | 2.5m | 2.3m | 2.0m | |
17 |
1.9m | 1.9m | 2.4m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.4m | 2.4m | 2.3m | 2.3m | 2.3m | 2.1m | 1.9m | 1.8m | 1.6m | |
170/4 |
1.9m | 1.9m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.4m | 2.3m | 2.3m | 2.3m | 2.3m | 2.1m | 1.9m | 1.8m | 1.6m | |
178/9 |
16,031 | 18,431 | 33,061 | 53,340 | 60,140 | 52,790 | 61,500 | 61,541 | 59,471 | 55,271 | 45,341 | 44,821 | 41,191 | 38,441 | 29,061 | 17,294 | 14,735 | 14,864 | 18,053 | |
42/48 |
29,657 | 490,284 | 330,487 | 16,154 | 17,079 | 18,080 | 20,863 | 23,892 | 58,338 | 58,047 | 81,972 | 81,505 | 57,239 | 63,157 | 73,971 | 78,574 | 81,973 | 47,663 | 30,856 | |
44 |
18,852 | 42,177 | 45,982 | 14,376 | 15,301 | 16,549 | 19,115 | 19,068 | 53,846 | 53,591 | 78,419 | 76,057 | 51,804 | 61,418 | 38,861 | 45,927 | 43,878 | 15,539 | 12,051 | |
440/4 |
18,852 | 42,177 | 45,982 | 14,376 | 15,301 | 16,549 | 19,115 | 19,068 | 53,846 | 53,591 | 78,419 | 76,057 | 51,804 | 61,418 | 38,861 | 45,927 | 43,878 | 15,539 | 12,051 | |
45 |
10,806 | 448,108 | 284,505 | 1,779 | 1,778 | 1,531 | 1,748 | 4,824 | 4,492 | 4,456 | 3,553 | 5,448 | 5,435 | 1,172 | 1,394 | - | 42 | - | - | |
450/3 |
9,949 | 446,941 | 282,395 | - | - | - | - | - | - | - | 54 | 59 | 49 | - | - | - | 42 | - | - | |
454/9 |
857 | 1,167 | 2,109 | 1,779 | 1,778 | 1,531 | 1,748 | 4,824 | 4,492 | 4,456 | 3,499 | 5,389 | 5,386 | 1,172 | 1,394 | - | - | - | - | |
47/48 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 567 | 33,716 | 32,647 | 38,053 | 32,124 | 18,805 | |
492/3 |
213,787 | 120,143 | 197,305 | 2.1m | 2.0m | 1.9m | 1.8m | 1.6m | 1.5m | 1.4m | 1.3m | 1.1m | 989,529 | 863,288 | 743,279 | 629,016 | 526,505 | 432,582 | 346,251 | |
| Income statement | ||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 265,337 | - | - | - | - | 0 | |
76A |
573,202 | 1.5m | 2.6m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
614,425 | 1.6m | 2.8m | 283,935 | 286,827 | 312,938 | 278,337 | 307,668 | 260,456 | 292,235 | 225,043 | 224,086 | 250,157 | 188,775 | 137,843 | 76,352 | 108,919 | 92,446 | 62,706 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 108,669 | - | - | - | - | - | |
62 |
7,457 | 13,732 | 17,339 | 16,085 | 13,480 | 12,496 | 19,328 | 51,220 | 45,606 | 47,608 | 47,573 | 43,475 | 41,693 | 33,155 | 27,863 | 21,522 | 4,748 | - | 9,996 | |
630 |
40,525 | 48,301 | 62,824 | 92,126 | 99,389 | 99,196 | 102,301 | 109,864 | 113,033 | 160,479 | 101,111 | 127,185 | 41,575 | 77,357 | 78,691 | 69,324 | 67,352 | 64,075 | 56,443 | |
635/8 |
93,643 | 120,143 | 120,143 | 120,143 | 108,129 | 110,532 | 120,143 | 120,143 | 120,143 | 126,151 | 129,545 | 132,702 | 126,240 | 120,009 | 114,263 | 103,015 | 93,925 | 86,331 | 77,907 | |
640/8 |
21,922 | 25,223 | 24,085 | 26,739 | 24,759 | 25,619 | 25,200 | 30,625 | 24,367 | 17,135 | 17,934 | 14,611 | 31,587 | 15,590 | 15,330 | 1,239 | 17,486 | 16,727 | 16,604 | |
9901 |
450,877 | 1.4m | 2.6m | 28,842 | 41,071 | 65,095 | 11,365 | -4,184 | -42,693 | -59,137 | -71,121 | -93,886 | 9,061 | -57,336 | -98,304 | -118,748 | -74,592 | -74,687 | -98,244 | |
75/76B |
214,997 | 86,030 | 22,134 | 138 | 1 | 53 | 4 | 4,977 | 121 | 369 | 759 | 1,093 | 466 | 3,933 | 0 | 480 | 17 | 12 | 221 | |
75 |
214,997 | 86,030 | 22,134 | 138 | 1 | 53 | 4 | 4,977 | 121 | 369 | 759 | 1,093 | 466 | 3,933 | 0 | 480 | 17 | 12 | 221 | |
65/66B |
8,480 | 32,535 | 132 | 130 | 110 | 116 | 99 | 98 | 48 | 7 | 0 | 9 | 2 | 48 | 1,113 | - | 3 | 91 | 660 | |
65 |
8,480 | 32,535 | 132 | 130 | 110 | 116 | 99 | 98 | 48 | 7 | 0 | 9 | 2 | 48 | 1,113 | - | 3 | 91 | 660 | |
9903 |
657,394 | 1.4m | 2.6m | 28,850 | 40,961 | 65,031 | 11,270 | 695 | -42,620 | -58,775 | -70,362 | -92,803 | 9,526 | -53,451 | -99,417 | -118,268 | -74,578 | -74,766 | -98,683 | |
67/77 |
173,287 | 472,626 | 289,024 | - | - | - | - | 48 | 25 | 53 | 110 | 12 | 75 | - | - | - | - | 2 | 2 | |
9904 |
484,108 | 936,492 | 2.3m | 28,850 | 40,961 | 65,031 | 11,270 | 647 | -42,645 | -58,829 | -70,472 | -92,815 | 9,450 | -53,451 | -99,417 | -118,268 | -74,578 | -74,768 | -98,685 | |
9905 |
484,108 | 936,492 | 2.3m | 28,850 | 40,961 | 65,031 | 11,270 | 647 | -42,645 | -58,829 | -70,472 | -92,815 | 9,450 | -53,451 | -99,417 | -118,268 | -74,578 | -74,768 | -98,685 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
484,108 | 936,492 | 594,992 | -1.7m | -1.7m | -1.8m | -1.8m | -1.8m | -1.8m | -1.8m | -1.7m | -1.7m | -1.6m | -1.6m | -1.5m | -1.4m | -1.3m | -1.2m | -1.2m | |
14P |
- | - | -1.7m | -1.7m | -1.8m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
484,108 | 936,492 | 594,992 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | 21,975 | 32,562 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
484,108 | 914,517 | 562,430 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
- | - | - | - | 1 | - | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.3 | 1.2 | 1 | 1 | 0.5 | - | 0.3 | |
Hours worked1013 |
- | - | - | - | 732 | - | 861 | 2,652 | 2,438 | 2,585 | 2,498 | 2,557 | 2,104 | 1,871 | 1,508 | 1,420 | 828 | - | 478 | |
| Document | ||||||||||||||||||||
The accounts for 12 older financial years (1994-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 20-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 20 days after the deadline. Filed on 20 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00114972.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 20-05-2026 | 2026-00114972 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00081799 | |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00075283 | |
| 30-09-2022 | micro format | 27-04-2023 | 2023-00068071 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20012599 | |
| 30-09-2020 | micro format | 26-04-2021 | 2021-11100324 | |
| 30-09-2019 | micro format | 01-04-2020 | 2020-08100316 | |
| 30-09-2018 | micro format | 28-03-2019 | 2019-08100239 | |
| 30-09-2017 | micro format | 30-03-2018 | 2018-08100509 | |
| 30-09-2016 | abbreviated format | 30-03-2017 | 2017-07500101 | |
| 30-09-2015 | abbreviated format | 31-03-2016 | 2016-08000594 | |
| 30-09-2014 | abbreviated format | 23-03-2015 | 2015-06700185 | |
| 30-09-2013 | abbreviated format | 28-04-2014 | 2014-09900518 | |
| 30-09-2012 | abbreviated format | 06-05-2013 | 2013-11100140 | |
| 30-09-2011 | abbreviated format | 18-06-2012 | 2012-17900295 | |
| 30-09-2010 | abbreviated format | 16-06-2011 | 2011-16400170 | |
| 30-09-2009 | abbreviated format | 10-06-2010 | 2010-16100041 | |
| 30-09-2008 | abbreviated format | 27-03-2009 | 2009-09300054 | |
| 30-09-2007 | abbreviated format | 27-06-2008 | 2008-31200359 | |
| 30-09-2006 | abbreviated format | 26-03-2007 | 2007-09100174 | |
| 30-09-2005 | abbreviated format | 02-06-2006 | 2006-20304950 | |
| 30-09-2004 | abbreviated format | 24-06-2005 | 2005-32801197 | |
| 30-09-2003 | abbreviated format | 08-04-2004 | 2004-10703596 | |
| 30-09-2001 | abbreviated format | 20-08-2002 | 2002-48700524 | |
| 30-09-2000 | abbreviated format | 31-05-2001 | 2001-16001103 | |
| 30-09-1999 | abbreviated format | 15-12-2000 | 2000-76102466 | |
| 30-09-1998 | abbreviated format | 01-06-1999 | 1999-13103076 | |
| 30-09-1997 | abbreviated format | 20-05-1998 | 1998-10402947 | |
| 30-09-1996 | abbreviated format | 07-05-1997 | 1997-07202437 | |
| 30-09-1995 | abbreviated format | 10-04-1996 | 1996-05701248 | |
| 30-09-1994 | abbreviated format | 19-04-1995 | 1995-06004616 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 491,402 | 1.4m | 2.6m | 120,968 | 140,460 | 164,291 | 113,666 | 105,680 | 70,340 | 101,341 | 29,991 | 33,299 | 50,636 | 20,021 | -19,613 | -49,424 | -7,240 | -10,612 | -41,801 | ||
| 524,632 | 984,792 | 2.4m | 120,976 | 140,350 | 164,227 | 113,570 | 110,510 | 70,388 | 101,650 | 30,639 | 34,370 | 51,025 | 23,906 | -20,726 | -48,944 | -7,226 | -10,693 | -42,242 | ||
| 2.8m | 989,407 | -526,184 | 0 | 10,427 | 0 | 0 | 1 | 6,359 | 457,242 | 16,925 | 251,676 | 27,861 | 13,616 | 312,330 | 300,964 | 206,670 | 269,071 | 166,479 | ||
| 35,524 | -2.8m | 1.3m | 234,197 | 244,629 | 263,443 | 255,048 | 204,000 | 188,624 | -230,874 | 214,351 | -56,066 | 161,337 | 113,799 | 9,335 | -17,237 | 13,208 | 13,498 | - | ||
| 121,436 | 2.2m | 2.6m | 1.6m | 1.4m | 1.1m | 849,162 | 597,093 | 364,369 | 175,999 | 395,510 | 157,370 | 237,703 | 85,548 | -54,130 | -68,104 | -54,266 | -33,164 | -29,542 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | -21.6% | - | - | - | - | - | ||
| 54.6% | 45.1% | 27.8% | -33.6% | -35.9% | -39.0% | -43.4% | -46.1% | -47.6% | -47.4% | -46.1% | -46.2% | -43.6% | -46.6% | -45.5% | -46.1% | -45.0% | -44.6% | -46.3% | ||
| 5.09 | 5.55 | 8.73 | 99.81 | 80.69 | 62.69 | 41.70 | 25.99 | 7.25 | 4.03 | 5.82 | 2.93 | 5.15 | 2.35 | 0.27 | 0.13 | 0.34 | 0.30 | 0.04 | ||
| 0.83 | 1.22 | 2.60 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 18.9% | 45.1% | 200.8% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 10.3% | 20.3% | 55.8% | 0.8% | 1.2% | 2.1% | 0.4% | 0.0% | -1.6% | -2.2% | -2.7% | -3.8% | 0.4% | -2.4% | -4.6% | -6.1% | -4.4% | -4.8% | -7.4% | ||
| 57.95 | 43.15 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 206 days | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-09-2021 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.4 |
| 0.4 | |
| On a permanent contract | 1 |
Source: social balance sheet in the 2021 annual accounts
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €10,427 |
| Financial fixed assets | €2.8m | €989,407 | - | - | - |
| €40,525 | €48,301 | €62,824 | €92,126 | €99,389 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Makejovan
The operating result for 2025 is 67% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 54.9% to 45.4%. Equity is higher and debt is lower.
- 2024 Net result -59% on 2023. The 2023 profit included a one-off income of €2,571,447.
- 2023 Net result +7,835% on 2022. The 2023 profit included a one-off income of €2,571,447.