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Makesvalue

Active
Private limited companyfounded 20232 yrs activeAvenue des Abeilles 28, 1410 Waterloo, BelgiumKBO/BCE: BE 1003.461.634
Summary

Makesvalue has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €132,294 and a net result of €74,906. Its solvency ranks better than 58% of 7081 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency88▲+10
Growth78
Track record82
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.63 against 2.02 in 2024; short-term debt: 36.6% and cash: 84.8% of total assets), and 36.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
63.1%
Return on assets
35.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 14-07-2026, 17 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
17 d early
2024
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 6 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 15 December 2023, Makesvalue was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€132,294▲ 84.6%
2024 · €71,673
Total assets
€209,633▲ 53.7%
2024 · €136,425
Net result
€74,906▲ 6.0%
2024 · €70,673
Working capital
€124,774▲ 91.6%
2024 · €65,115
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€100,269-€97,811▼ 2.5%
Net result€70,673-€74,906▲ 6.0%
Equity€71,673-€132,294▲ 84.6%
Total assets€136,425-€209,633▲ 53.7%
Debt€64,752-€77,339▲ 19.4%
Working capital€65,115-€124,774▲ 91.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000Operating result 2024: €100,269€100,269Net result 2024: €70,673€70,673Operating result 2025: €97,811€97,811Net result 2025: €74,906€74,90620242025€0€50,000€100,000Operating result 2024: €100,269€100,000Net result 2024: €70,673€70,700Operating result 2025: €97,811€97,800Net result 2025: €74,906€74,90020242025
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €209,633
Fixed assets €8,143 ▲ 13.4%
Current assets €201,490 ▲ 55.9%
Equity and liabilities €209,633
Equity €132,294 ▲ 84.6%
Debt €77,339 ▲ 19.4%
Debt's share of the balance-sheet total falls from 47.5% to 36.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€100,341▼
2024 · €101,515
Cash flow
€77,436▲
2024 · €71,919
Current ratio
2.63▲
2024 · 2.02
Debt to equity
0.58▼
2024 · 0.90
ROE
56.6%▼
2024 · 98.6%
ROA
35.7%▼
2024 · 51.8%
Interest coverage
1194.54▼
2024 · 11279.44
Debt ≤ 1 year
€76,716▲
2024 · €64,129
Income taxes
€24,648▼
2024 · €29,691
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€136,425€209,633▲
Fixed assets21/28€7,181€8,143▲
Tangible fixed assets22/27€7,181€8,143▲
Furniture and vehicles24€7,181€6,202▼
Other tangible fixed assets26-€1,941
Current assets29/58€129,244€201,490▲
Amounts receivable within one year40/41€1,752€23,747▲
Trade receivables40€347€23,685▲
Other amounts receivable41€1,405€62▼
Cash at bank and in hand54/58€127,492€177,687▲
Deferred charges and accrued income490/1-€56
Equity and liabilities
Total equity and liabilities10/49€136,425€209,633▲
Equity10/15€71,673€132,294▲
Contributions10/11€1,000€1,000=
Reserves13€70,600€70,600=
Distributable reserves133€70,600€70,600=
Profit (loss) carried forward14€73€60,694▲
Amounts payable17/49€64,752€77,339▲
Amounts payable within one year42/48€64,129€76,716▲
Trade debts44€7,176€4,225▼
Suppliers440/4€7,176€4,225▼
Taxes, remuneration and social security45€56,953€72,467▲
Taxes450/3€52,503€68,017▲
Remuneration and social security454/9€4,450€4,450=
Other amounts payable47/48-€24
Accrued charges and deferred income492/3€623€623=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,246€2,530▲
Other operating charges640/8€126€475▲
Gross operating margin9900€101,641€100,816▼
Operating profit (loss)9901€100,269€97,811▼
Financial income75/76B€104€1,827▲
Recurring financial income75€104€1,827▲
Financial charges65/66B€9€84▲
Recurring financial charges65€9€84▲
Profit (loss) for the period before taxes9903€100,364€99,554▼
Income taxes67/77€29,691€24,648▼
Profit (loss) for the period9904€70,673€74,906▲
Profit (loss) for the period to be appropriated9905€70,673€74,906▲
Appropriation of the result
Profit (loss) to be appropriated9906€70,673€74,979▲
Profit (loss) brought forward from the previous period14P-€73
Transfer to equity691/2€70,600-
To other reserves6921€70,600-
Profit to be distributed694/7-€14,285
Return on contributions (dividend)694-€14,285

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,246€2,530▲ 103%
Other operating charges640/8€126€475▲ 277%
Gross operating margin9900€101,641€100,816▼ 0.8%
Operating profit (loss)9901€100,269€97,811▼ 2.5%
Financial income75/76B€104€1,827▲ 1,657%
Recurring financial income75€104€1,827▲ 1,657%
Financial charges65/66B€9€84▲ 833%
Recurring financial charges65€9€84▲ 833%
Profit (loss) for the period before taxes9903€100,364€99,554▼ 0.8%
Income taxes67/77€29,691€24,648▼ 17.0%
Profit (loss) for the period9904€70,673€74,906▲ 6.0%
Profit (loss) for the period to be appropriated9905€70,673€74,906▲ 6.0%
Line20242025Change
Assets
Total assets20/58€136,425€209,633▲ 53.7%
Fixed assets21/28€7,181€8,143▲ 13.4%
Tangible fixed assets22/27€7,181€8,143▲ 13.4%
Furniture and vehicles24€7,181€6,202▼ 13.6%
Other tangible fixed assets26-€1,941-
Current assets29/58€129,244€201,490▲ 55.9%
Amounts receivable within one year40/41€1,752€23,747▲ 1,255%
Trade receivables40€347€23,685▲ 6,726%
Other amounts receivable41€1,405€62▼ 95.6%
Cash at bank and in hand54/58€127,492€177,687▲ 39.4%
Deferred charges and accrued income490/1-€56-
Equity and liabilities
Total equity and liabilities10/49€136,425€209,633▲ 53.7%
Equity10/15€71,673€132,294▲ 84.6%
Contributions10/11€1,000€1,000=
Reserves13€70,600€70,600=
Distributable reserves133€70,600€70,600=
Profit (loss) carried forward14€73€60,694▲ 83,042%
Amounts payable17/49€64,752€77,339▲ 19.4%
Amounts payable within one year42/48€64,129€76,716▲ 19.6%
Trade debts44€7,176€4,225▼ 41.1%
Suppliers440/4€7,176€4,225▼ 41.1%
Taxes, remuneration and social security45€56,953€72,467▲ 27.2%
Taxes450/3€52,503€68,017▲ 29.5%
Remuneration and social security454/9€4,450€4,450=
Other amounts payable47/48-€24-
Accrued charges and deferred income492/3€623€623=
Line20242025Change
Profit (loss) for the period9904€70,673€74,906▲ 6.0%
+ Depreciation and write-downs630€1,246€2,530▲ 103%
Operating cash flow (approximation)€71,919€77,436▲ 7.7%
Investment in fixed assets (approximation)--€3,492-
Change in cash-€50,195-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
14-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Equity above €100,000Eq €132,294 ▲84.6%
2 profitable years in a row build equity to €132,294.
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Waterloo · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
719 m²
Building footprint
149 m²
Volume, LiDAR
969 m³
Parcel 25110S0026/02Y003, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Makesvalue
Avenue des Abeilles 28, 1410 WaterlooIntermediation services for non-specialised retail
since 20232.353.299.677
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25110S0026/02Y003 Wallonia 719 m² 1 · 149 m² 9.1 m · 2 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.

Similar companies · same sector, comparable size

Of 13,417 companies in sector 73300 we hold annual accounts for 6,899. 5,501 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded15-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003461634
Registered 25-10-2025

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.