Active BE 0777.403.233Private limited company

MAKERS INTERNATIONAL

Zwijnaardsesteenweg 698 ·9000 Gent, Belgium· 4 yrs active

Sector: Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen (47110)

Conclusion Checked

The computed 12-month bankruptcy probability of MAKERS INTERNATIONAL is 2.8% (moderate). The 2024 annual accounts show equity of €18k and a net result of €15k. Equity is growing by ~301.3% per year across the filed fiscal years. Its solvency ranks better than 36% of 6717 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€18k
Net result	€15k
Better than sector	36%
Active	4 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

64 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 63

Profitability 66

Solvency 17

Growth 82

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

2.8% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

63 / 100 Healthy

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 22-10-2025 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~301.3%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	8.0%	20.4%	better than 36% of 6717 sector peers
Net result	€15k	€4k	better than 69% of 6698 sector peers
Equity	€18k	€16k	better than 51% of 6732 sector peers
Gross operating margin	€73k	€24k	better than 75% of 6677 sector peers
Staff costs	€53k	€33k	higher than 65% of 3046 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€962k

-4.3% 22-24

EBITDA

€5k

-1.8% 22-24

Net profit

€15k

+2792.0% 22-24

Cash flow

€5k

-25.4% 22-24

Total assets

€219k

+139.3% 22-24

Equity

€18k

+582.5% 22-24

Working capital

€6k

- 22-24

Staff costs

€53k

+78.3% 22-24

Income taxes

€5k

+480.3% 22-24

Debt

€202k

+126.6% 22-24

Debt ≤ 1y

€202k

+126.6% 22-24

Current ratio

1.03

+14.9% 22-24

Quick ratio

0.70

+56.3% 22-24

Solvency

8.0%

+185.2% 22-24

Debt / equity

11.51

-66.8% 22-24

ROE

85.0%

+323.7% 22-24

ROA

6.8%

+1108.3% 22-24

Net margin

1.5%

+2923.3% 22-24

EBITDA margin

0.5%

-31.9% 22-24

Interest coverage

251.40

+454.5% 22-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	€962k
EBITDA	-
Net profit	€15k
Cash flow	-
Staff costs	€53k
Income taxes	€5k
Dividends	-
Total assets	€219k
Equity	€18k
Debt	€202k
of which ≤ 1y	€202k
of which > 1y	-
Working capital	€6k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.03
Quick ratio	0.70
Working capital ratio	2.5%
Solvency	8.0%
Debt / equity	11.51
Long-term debt ratio	-
Interest coverage	-
Gross margin	7.6%
Net margin	1.5%
ROA	6.8%
ROE	85.0%
EBITDA margin	-
Days sales outstanding	13d
Days payable outstanding	77d
Inventory turnover	13.26
Days inventory (DSI)	28d

Balance-sheet composition 2024

Assets

Fixed assets €12k · 5.5% Current assets €207k · 94.5%

Equity & liabilities

Equity €18k · 8.0% Debt €202k · 92.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€219k
Fixed assets	21/28	€12k
Intangible fixed assets	21	€12k
Current assets	29/58	€207k
Stocks & contracts in progress	3	€67k
Amounts receivable within one year	40/41	€34k
Cash & bank	54/58	€107k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€219k
Equity	10/15	€18k
Accumulated profits (losses)	14	€17k
Amounts payable	17/49	€202k
Amounts payable within one year	42/48	€202k
Trade debts payable within one year	44	€188k
Income statement
Turnover	70	€962k
Gross operating margin	9900	€73k
Operating result	9901	€20k
Financial charges	65	€15
Result before taxes	9903	€20k
Income taxes	67/77	€5k
Net result for the period	9904	€15k
Result to be appropriated	9905	€15k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 5 directors

Directors derived from a single State Gazette act, under verification

All 3 current directors first appear in the same act (23146007). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

Mohammad Fahim Safi
Director
State Gazette act 23146007 (17-11-2023)

Current
01-11-2023 → present
Muhammad Rashid
Werkende vennoot
State Gazette act 23146007 (17-11-2023)

Current
01-11-2023 → present
Roman Safi
Werkende vennoot
State Gazette act 23146007 (17-11-2023)

Current
01-11-2023 → present

Former directors (2)

Butt Mohammad Saddig
Director
State Gazette act 23146007 (17-11-2023)

Former
- → 17-11-2023
Waqas Afzal
Director
State Gazette act 23146007 (17-11-2023)

Former
- → 01-02-2023

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110)
Legal form	Private limited company(610)
Incorporation	16-11-2021
Status	Active
Postal code	9000

Establishment units 2 locations

MAKERS INTERNATIONAL

Zwijnaardsesteenweg 698, 9000 GentHandelsbemiddeling in auto's en lichte bestelwagens (= 3,5 ton)

since 20222.326.583.305

MAKERS INTERNATIONAL

Zwijnaardsesteenweg 700, 9000 GentDetailhandel in auto's en lichte bestelwagens (= 3,5 ton)

since 20222.326.583.404

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44808H0684/00Y002	Flanders	136 m²	1 · 136 m²	11.2 m · 1 fl.
44808H0684/00K003	Flanders	134 m²	1 · 120 m²	10.8 m · 1 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

22-10-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

23-01-2025

NBB filing Annual accounts filed

fiscal year 2023 · micro

2024

12-07-2024

NBB filing Annual accounts filed

fiscal year 2022 · micro

2023

17-11-2023

State Gazette act Capital & shares

2022

14-10-2022

State Gazette act Capital & shares

Belgisch Staatsblad, acts 2 acts

Capital history · 2

17-11-2023

Capital change

14-10-2022

Capital change

All acts · 2 updated 2 years ago

2023

17-11-2023 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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2022

14-10-2022 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)47112Detailhandel in wijnen en geestrijke dranken in gespecialiseerde winkels47251Detailhandel in wijnen en geestrijke dranken47251Detailhandel in tabaksproducten in gespecialiseerde winkels47260Detailhandel in tabaksproducten47260

Primary activity highlighted.

Names & trade names

Legal nameNL

MAKERS INTERNATIONAL

Registered office

Zwijnaardsesteenweg 698

9000 Gent, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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