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MakinH

Active
Private limited companyfounded 20223 yrs activeFonteinstraat 19, 9140 Temse, BelgiumKBO/BCE: BE 0794.475.629
Summary

The computed 12-month bankruptcy probability of MakinH is 1.7% (moderate). The 2025 annual accounts show negative equity (-€26,529) and a net result of -€37,399. Its solvency ranks better than 17% of 683 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-100
Growth32
Track record94
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 4.07 in 2024; short-term debt: 130.4% and cash: 43.1% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-30.4%
Return on assets
-42.9%
Age of the figures
15 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2425
2024 to 2025 · latest year -€26,529
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 2 filings
Deviation from the deadline
2025
2 d late
2024
1 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 1 day after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close27-09-2026 today31-01-2027 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

MakinH was incorporated on 7 December 2022 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
-€26,529
2024 · €10,870
Total assets
€87,262▲ 601%
2024 · €12,455
Net result
-€37,399▼ 77.0%
2024 · -€21,130
Working capital
-€56,708
2024 · €4,863
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€21,088--€37,236▼ 76.6%
Net result-€21,130below the sector's middle half--€37,399below the sector's middle half▼ 77.0%
Equity€10,870within the sector's middle half--€26,529below the sector's middle half
Total assets€12,455below the sector's middle half-€87,262within the sector's middle half▲ 601%
Debt€1,584-€113,791▲ 7,083%
Working capital€4,863--€56,708
Solvency87.3%above the sector's middle half--30.4%below the sector's middle half▼ 117.7pp
above within below the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€30,000-€20,000-€10,000€0Operating result 2024: -€21,088-€21,088Net result 2024: -€21,130-€21,130Operating result 2025: -€37,236-€37,236Net result 2025: -€37,399-€37,39920242025-€40,000-€30,000-€20,000-€10,000€0Operating result 2024: -€21,088-€21,100Net result 2024: -€21,130-€21,100Operating result 2025: -€37,236-€37,200Net result 2025: -€37,399-€37,40020242025
The operating result stays negative: a loss of €37,236 in 2025 against €21,088 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87,052
Fixed assets €29,969 ▲ 457%
Current assets €57,083 ▲ 785%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€33,832▼
2024 · -€19,247
Cash flow
-€33,995▼
2024 · -€19,289
Current ratio
0.50▼
2024 · 4.07
Debt to equity
-4.29▼
2024 · 0.15
ROA
-42.9%▲
2024 · -169.7%
Interest coverage
-207.92▼
2024 · -92.96
Debt ≤ 1 year
€113,791▲
2024 · €1,584
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,663 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.4% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% 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 7,663 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 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€12,455€87,262▲
Formation expenses20€627€210▼
Fixed assets21/28€5,380€29,969▲
Intangible fixed assets21€2,980€27,569▲
Financial fixed assets28€2,400€2,400=
Current assets29/58€6,447€57,083▲
Amounts receivable within one year40/41€2,381€14,670▲
Trade receivables40-€12,573
Other amounts receivable41€2,381€2,097▼
Cash at bank and in hand54/58€4,066€37,615▲
Deferred charges and accrued income490/1-€4,798
Equity and liabilities
Total equity and liabilities10/49€12,455€87,262▲
Equity10/15€10,870-€26,529▼
Contributions10/11€32,000€32,000=
Profit (loss) carried forward14-€21,130-€58,529▼
Amounts payable17/49€1,584€113,791▲
Amounts payable within one year42/48€1,584€113,791▲
Financial debts43-€1,025
Credit institutions430/8-€1,025
Trade debts44€1,584€30,505▲
Suppliers440/4€1,584€30,505▲
Taxes, remuneration and social security45-€208
Taxes450/3-€208
Other amounts payable47/48-€82,053
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,841€3,404▲
Other operating charges640/8€905€416▼
Gross operating margin9900-€18,342-€33,416▼
Operating profit (loss)9901-€21,088-€37,236▼
Financial income75/76B€165-
Recurring financial income75€165-
Financial charges65/66B€207€163▼
Recurring financial charges65€207€163▼
Profit (loss) for the period before taxes9903-€21,130-€37,399▼
Income taxes67/77€0-
Profit (loss) for the period9904-€21,130-€37,399▼
Profit (loss) for the period to be appropriated9905-€21,130-€37,399▼
Appropriation of the result
Profit (loss) to be appropriated9906-€21,130-€58,529▼
Profit (loss) brought forward from the previous period14P--€21,130

The notes to these accounts (7 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€1,841€3,404▲ 84.9%
Other operating charges640/8€905€416▼ 54.0%
Gross operating margin9900-€18,342-€33,416▼ 82.2%
Operating profit (loss)9901-€21,088-€37,236▼ 76.6%
Financial income75/76B€165--
Recurring financial income75€165--
Financial charges65/66B€207€163▼ 21.4%
Recurring financial charges65€207€163▼ 21.4%
Profit (loss) for the period before taxes9903-€21,130-€37,399▼ 77.0%
Income taxes67/77€0--
Profit (loss) for the period9904-€21,130-€37,399▼ 77.0%
Profit (loss) for the period to be appropriated9905-€21,130-€37,399▼ 77.0%
Line20242025Change
Assets
Total assets20/58€12,455€87,262▲ 601%
Formation expenses20€627€210▼ 66.5%
Fixed assets21/28€5,380€29,969▲ 457%
Intangible fixed assets21€2,980€27,569▲ 825%
Financial fixed assets28€2,400€2,400=
Current assets29/58€6,447€57,083▲ 785%
Amounts receivable within one year40/41€2,381€14,670▲ 516%
Trade receivables40-€12,573-
Other amounts receivable41€2,381€2,097▼ 11.9%
Cash at bank and in hand54/58€4,066€37,615▲ 825%
Deferred charges and accrued income490/1-€4,798-
Equity and liabilities
Total equity and liabilities10/49€12,455€87,262▲ 601%
Equity10/15€10,870-€26,529▼ 344%
Contributions10/11€32,000€32,000=
Profit (loss) carried forward14-€21,130-€58,529▼ 177%
Amounts payable17/49€1,584€113,791▲ 7,083%
Amounts payable within one year42/48€1,584€113,791▲ 7,083%
Financial debts43-€1,025-
Credit institutions430/8-€1,025-
Trade debts44€1,584€30,505▲ 1,826%
Suppliers440/4€1,584€30,505▲ 1,826%
Taxes, remuneration and social security45-€208-
Taxes450/3-€208-
Other amounts payable47/48-€82,053-
Line20242025Change
Profit (loss) for the period9904-€21,130-€37,399▼ 77.0%
+ Depreciation and write-downs630€1,841€3,404▲ 84.9%
Operating cash flow (approximation)-€19,289-€33,995▼ 76.2%
Investment in fixed assets (approximation)--€27,993-
Change in cash-€33,548-

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 31-01-2027
2026
02-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are 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, Temse · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
332 m²
Building footprint
85 m²
Parcel 46302D1042/00P004, Flanders. Linked by address, not a title deed.
1 establishment unit
MakinH
Fonteinstraat 19, 9140 TemseInstallation of industrial machinery and equipment
since 20232.341.267.818
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46302D1042/00P004 Flanders 332 m² 1 · 85 m² -
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.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 2 entries · 10,388 EUR awarded · 10,388 EUR paid
Year Entries awardedpaid
2025 1 1,388 EUR1,388 EUR
2023 1 9,000 EUR9,000 EUR
Schemes
2 entries · 10,388 EUR · 10,388 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen

Similar companies · same sector, comparable size

Of 1,289 companies in sector 58290 we hold annual accounts for 594. 270 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
Founded07-12-2022
Fiscal year end30-06
Activities, NACEBEL 2025
58290Other software publishing
62100Computer programming
62200Computer consultancy and computer facilities management
74999Other professional, scientific and technical activities
Contact
E-mail info@makinh.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794475629
Also 9925:BE0794475629
Registered 23-12-2025

Register as of 27 September 2026 · Peppol Directory

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