MAKING IT LEGAL
InactiveMAKING IT LEGAL was declared bankrupt on 07-11-2023 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 14-10-2025, published in the Belgian State Gazette on 21-10-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2015.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2015. Since then, 10 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 6 filingsPosition against the passed deadline
31-12-2016 close31-07-2017 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2015 was due by 31-07-2016 and was filed on 28-08-2016, 28 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Financials · fiscal year 2015, abbreviated schema
Equity
€45k▲ 2,433%
2014 · €2k
2011: €27k
2012: €38k
2013: €-22k
2014: €2k
2011 → 2015
Total assets
€61k▲ 317%
2014 · €15k
2011: €48k
2012: €65k
2013: €29k
2014: €15k
2011 → 2015
Net result
€43k▲ 79.8%
2014 · €24k
2011: €16k
2012: €11k
2013: €-42k
2014: €24k
2011 → 2015
Working capital
€43k▲ 2,672%
2014 · €2k
2011: €12k
2012: €28k
2013: €-23k
2014: €2k
2011 → 2015
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20112012201320142015Trend
Equity€27k-€38k▲ 42.0%€-22k€2k€45k▲ 2,433%
Operating result€24k-€18k▼ 23.4%€-42k€26k€65k▲ 147%
Net result€16k-€11k▼ 29.8%€-42k€24k€43k▲ 79.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2013 the operating result has climbed two years in a row; 2015 is 147% above 2014 and is the highest result in the available series.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €61k
Fixed assets
€1k▲ 588%
Current assets
€59k▲ 313%
Equity and liabilities €61k
Equity
€45k▲ 2,433%
Debt
€16k▲ 23.0%
The debt ratio falls from 87.8% to 25.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66k▲
2014 · €28k
Cash flow
€44k▲
2014 · €25k
Solvency
74.1%▲
2014 · 12.2%
Current ratio
3.77▲
2014 · 1.12
Quick ratio
3.77▲
2014 · 1.12
ROE
96.1%
ROA
71.2%▼
2014 · 165.2%
Debt
€16k▲
2014 · €13k
Debt ≤ 1 year
€16k▲
2014 · €13k
Income taxes
€23k
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 · 2015 against 2014
Balance sheet
Code20142015
Assets
Total assets20/58€15k€61k▲
Fixed assets21/28€203€1k▲
Tangible fixed assets22/27€203€1k▲
Current assets29/58€14k€59k▲
Amounts receivable within one year40/41€14k€28k▲
Cash at bank and in hand54/58-€31k
Equity and liabilities
Total equity and liabilities10/49€15k€61k▲
Equity10/15€2k€45k▲
Contributions10/11€6k€6k=
Reserves13€14k€57k▲
Profit (loss) carried forward14€-18k€-18k=
Amounts payable17/49€13k€16k▲
Amounts payable within one year42/48€13k€16k▲
Trade debts44€3k€3k=
Income statement
Code20142015
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€750▼
Gross operating margin9900€29k€68k▲
Operating profit (loss)9901€26k€65k▲
Recurring financial income75-€833
Recurring financial charges65€2k€267▼
Profit (loss) for the period before taxes9903€24k€66k▲
Income taxes67/77-€23k
Profit (loss) for the period9904€24k€43k▲
Profit (loss) for the period to be appropriated9905€24k€43k▲
Timeline · acts, filings and financial milestones
2025
21-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · MAKING IT LEGAL BV VILLALAAN 77/5, 1190 FOREST · event 14-10-2025
2023
13-11
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · MAKING IT LEGAL BV VILLA- LAAN 77/5, 1190 FOREST · event 07-11-2023
2016
28-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 28 days late
28-02
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 212 days late
2015
31-12
Financial
Highest result since 2011net €43k ▲79.8%
Operating result €65k, net result €43k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.77
Current ratio from 1.12 to 3.77.
2014
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.12
Current ratio from 0.54 to 1.12; short-term debt falls from €50k to €13k.
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 27 days late
2013
31-12
Financial
Weakest financial yearnet €-42k ▼475%
Net result drops to €-42k, the lowest in the series.
02-10
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 63 days late
2012
02-10
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 63 days late
2011
16-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 16 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANOUK DE VLEESHOUWER PEGASUSLAAN 5,
1831 DIEGEM |
07-11-2023 → present |