Equity
Equity rose in 2025 from €71,673 to €132,294.
Equity rose in 2025 from €71,673 to €132,294.
The micro format states no turnover.
Higher net result than 85% of companies in advertising and market research. Sector median €14,755 · 8,618 companies.
In July 2024, 39,278 companies had the same profile as Makesvalue has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Makesvalue. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Makesvalue Waterloo | €209,633 | €100,816 | 63.1% | - |
| CHELONIA FINANCE Wavre | €248,452 | €114,058 | 51.7% | - |
| C2C Consulting La Hulpe | €191,767 | €116,248 | 80.9% | - |
| KVDG Management Mechelen | €207,414 | €103,595 | 84.3% | - |
| REGNIER Lierneux | €198,129 | €94,240 | 91.6% | - |
| SPORTSFLOW Kapellen | €197,404 | €98,128 | 78.9% | - |
| WRLP Torhout | €214,997 | €106,175 | 55.2% | - |
These companies have the same main activity as Makesvalue: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €192,000 and €248,000, founded between 2023 and 2024.
Makesvalue has been active since 2023 and the Belgian Official 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 59% of 8,617 sector peers (NACE 73, financial year 2025).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €140,000 and €370,000.
Higher than 59% of 8,617 companies in 2025.
Higher than 59% of 8,293 companies in 2025.
Higher than 82% of 8,402 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
209,633 | 136,425 | |
21/28 |
8,143 | 7,181 | |
22/27 |
8,143 | 7,181 | |
24 |
6,202 | 7,181 | |
26 |
1,941 | - | |
29/58 |
201,490 | 129,244 | |
40/41 |
23,747 | 1,752 | |
40 |
23,685 | 347 | |
41 |
62 | 1,405 | |
54/58 |
177,687 | 127,492 | |
490/1 |
56 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
209,633 | 136,425 | |
10/15 |
132,294 | 71,673 | |
10/11 |
1,000 | 1,000 | |
13 |
70,600 | 70,600 | |
133 |
70,600 | 70,600 | |
14 |
60,694 | 73 | |
17/49 |
77,339 | 64,752 | |
42/48 |
76,716 | 64,129 | |
44 |
4,225 | 7,176 | |
440/4 |
4,225 | 7,176 | |
45 |
72,467 | 56,953 | |
450/3 |
68,017 | 52,503 | |
454/9 |
4,450 | 4,450 | |
47/48 |
24 | - | |
492/3 |
623 | 623 | |
| Income statement | |||
9900 |
100,816 | 101,641 | |
630 |
2,530 | 1,246 | |
640/8 |
475 | 126 | |
9901 |
97,811 | 100,269 | |
75/76B |
1,827 | 104 | |
75 |
1,827 | 104 | |
65/66B |
84 | 9 | |
65 |
84 | 9 | |
9903 |
99,554 | 100,364 | |
67/77 |
24,648 | 29,691 | |
9904 |
74,906 | 70,673 | |
9905 |
74,906 | 70,673 | |
| Appropriation of the result | |||
9906 |
74,979 | 70,673 | |
14P |
73 | - | |
691/2 |
- | 70,600 | |
6921 |
- | 70,600 | |
694/7 |
14,285 | - | |
694 |
14,285 | - | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-07-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 100,341 | 101,515 | ||
| 77,436 | 71,919 | ||
| 3,492 | 8,427 | ||
| 50,195 | - | ||
| 124,774 | 65,115 | ||
| 63.1% | 52.5% | ||
| 2.63 | 2.02 | ||
| 0.58 | 0.90 | ||
| 56.6% | 98.6% | ||
| 35.7% | 51.8% | ||
| over 100 | over 100 |
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.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €3,492 | €8,427 |
| €2,530 | €1,246 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 2% lower than in 2024.
Debt's share of the balance-sheet total falls from 47.5% to 36.9%. Equity and debt are higher.
Makesvalue has no parent and no holdings in its annual accounts. is the only director. Makesvalue shares no director with another company.
| Papa, Alessandro (sole trader)
establishment since 01-02-2022 |
founded in 2022 0781.762.986 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Avenue des Abeilles 28 registered office 1410 Waterloo | 15-12-2023 | 2.353.299.677 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25110S0026/02Y003 | 719 m² | 1 · 149 m² | 9.1 m · 2 |
If something looks wrong or is missing, please tell us.