MAKESHIFT
ActiveMAKESHIFT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €168k and a net result of €84k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 91% of 4554 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +6 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+12
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 5.88 against 1.79 in 2024), and 16% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
84%
Return on assets
41.8%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €168k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
7 d late
2022
11 d late
2021
23 d early
2020
3 d late
2019
69 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€168k▲ 99.0%
2024 · €85k
2018: €-10k
2019: €-10k
2020: €-10k
2021: €-11k
2022: €-17k
2023: €5k
2024: €85k
2018 → 2025
Total assets
€201k▲ 12.9%
2024 · €178k
2018: €34k
2019: €28k
2020: €22k
2021: €13k
2022: €5k
2023: €26k
2024: €178k
2018 → 2025
Net result
€84k▲ 5.0%
2024 · €80k
2018: €-747
2019: €399
2020: €-450
2021: €-274
2022: €-7k
2023: €22k
2024: €80k
2018 → 2025
Working capital
€157k▲ 113%
2024 · €74k
2018: €-24k
2019: €-19k
2020: €-16k
2021: €-19k
2022: €-20k
2023: €3k
2024: €74k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-11k-€-17k▼ 65.0%€5k€85k▲ 1,651%€168k▲ 99.0%
Operating result€-368-€-14k▼ 3,624%€22k€116k▲ 419%€122k▲ 5.6%
Net result€-274-€-7k▼ 2,417%€22k€80k▲ 258%€84k▲ 5.0%
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 6% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €201k
Fixed assets
€11k▲ 4.0%
Current assets
€189k▲ 13.5%
Equity and liabilities €201k
Equity
€168k▲ 99.0%
Debt
€32k▼ 65.4%
The debt ratio falls from 52.3% to 16.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€124k▲
2024 · €117k
Cash flow
€86k▲
2024 · €81k
Solvency
84.0%▲
2024 · 47.7%
Current ratio
5.88▲
2024 · 1.79
Quick ratio
5.88▲
2024 · 1.79
Debt / equity
0.19▼
2024 · 1.10
ROE
49.7%▼
2024 · 94.3%
ROA
41.8%▼
2024 · 44.9%
Interest coverage
25.67▼
2024 · 65.18
Debt
€32k▼
2024 · €93k
Debt ≤ 1 year
€32k▼
2024 · €93k
Income taxes
€37k▼
2024 · €38k
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€178k€201k▲
Fixed assets21/28€11k€11k▲
Tangible fixed assets22/27€11k€11k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€8k€9k▲
Financial fixed assets28€400€400=
Current assets29/58€167k€189k▲
Amounts receivable after more than one year29€100k€152k▲
Other amounts receivable291€100k€152k▲
Amounts receivable within one year40/41-€6k
Trade receivables40-€1k
Other amounts receivable41-€4k
Cash at bank and in hand54/58€63k€29k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€178k€201k▲
Equity10/15€85k€168k▲
Contributions10/11€6k€6k=
Reserves13€78k€162k▲
Distributable reserves133€78k€162k▲
Amounts payable17/49€93k€32k▼
Amounts payable within one year42/48€93k€32k▼
Trade debts44€4k€748▼
Suppliers440/4€4k€748▼
Taxes, remuneration and social security45€36k€31k▼
Taxes450/3€36k€31k▼
Other amounts payable47/48€53k€298▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€852€2k▲
Other operating charges640/8€1k€536▼
Gross operating margin9900€118k€125k▲
Operating profit (loss)9901€116k€122k▲
Financial income75/76B€4k€4k▼
Recurring financial income75€4k€4k▼
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€118k€121k▲
Income taxes67/77€38k€37k▼
Profit (loss) for the period9904€80k€84k▲
Profit (loss) for the period to be appropriated9905€80k€84k▲
Appropriation of the result
Profit (loss) to be appropriated9906€78k€84k▲
Profit (loss) brought forward from the previous period14P€-1k-
Transfer to equity691/2€78k€84k▲
To other reserves6921€78k€84k▲
The notes to these accounts (8 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €84k ▲5%
Operating result €122k, net result €84k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.88
Current ratio from 1.79 to 5.88; short-term debt falls from €93k to €32k.
31-12
Financial
Equity above €150kEq €168k ▲99%
3 profitable years in a row build equity to €168k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
31-12
Financial
Back to profitnet €22k
Net result €22k after 3 loss-making years.
31-12
Financial
Liquidity times 9current ratio 1.13
Current ratio from 0.13 to 1.13; short-term debt falls from €23k to €22k.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Back to profitnet €399
Net result €399 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2023
BODEN Geert
CurrentDirector · since 05-10-2023
ICKX Jill
CurrentDirector · since 05-10-2023
05-10-2023
BODEN Geert: Appointed as Director
05-10-2023
ICKX Jill: Appointed as Director
05-10-2023
SMETS Jeanne: Resigned as Director
Location & real-estate footprint
Registered office, Brasschaat · 1 establishment unit since 1994
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.
Leopoldslei 1582930 BrasschaatGround area
1,056 m²
Building footprint
165 m²
Volume, LiDAR
1,350 m³
Parcel 11323F0398/00N002, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAKESHIFT
since 19942.066.231.939
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0398/00N002 | Flanders | 1,056 m² | 1 · 165 m² | 10.4 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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WESLADY
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HAIRINVEST
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RENDIT
BE 0886.987.695
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HAIR FUSION BOB DOMS
BE 0879.889.869
Antwerpen · Eq €169k
Beauty Center Laroche
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Antwerpen · Eq €169k
Of 21,678 companies in sector 96210 we hold annual accounts for 2,807. 1,474 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-02-1994
Fiscal year end31-12
Activities, NACEBEL
93021
96021Hairdressing
96210Hairdressing and barber services
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.