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Complete company report
Generated 28-06-2026
Active BE 0794.475.629Private limited company

MakinH

Fonteinstraat 19 ·9140 Temse, Belgium· 3 yrs active
Sector: NACE 58290 (58290)
Conclusion Checked

The computed 12-month bankruptcy probability of MakinH is 1.6% (average). The 2025 annual accounts show negative equity (€-27k) and a net result of €-37k. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €-27k
Net result €-37k
Active 3 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health7Profitability100Solvency33Growth32Stability94
53 / 100

Mixed profile: strong on profitability, weaker on health.

Health 7
Profitability 100
Solvency 33
Growth 32
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
1.6% Average
0%0,5%1,5%4%10%≥25%
Young company +Annual accounts: weaker financial profile +Lower-failure-rate sector −

Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2022 — past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
7 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 02-02-2026 with the NBB · fiscal year 2025 · micro
€-40k€-30k€-20k€-10k€0Operating result 2024: €-21k€-21kNet result 2024: €-21k€-21kOperating result 2025: €-37k€-37kNet result 2025: €-37k€-37k20242025
Operating resultNet result
EBITDA
€-34k
-75.8% -131% vs sector
Net profit
€-37k
-77.0% -146% vs sector
Cash flow
€-34k
-76.2% -140% vs sector
Total assets
€87k
+600.6% -58% vs sector
Equity
€-27k
— -116% vs sector
Working capital
€-57k
— -138% vs sector
Income taxes
€0
— -100% vs sector
Debt
€114k
+7083.0% +262% vs sector
Debt ≤ 1y
€114k
+7083.0% +274% vs sector
Current ratio
0.50
-87.7% -90% vs sector
Quick ratio
0.50
-87.7% -90% vs sector
Solvency
-30.4%
— -135% vs sector
Debt / equity
-4.29
— -2658% vs sector
ROE
141.0%
— +225% vs sector
ROA
-42.9%
+74.7% -215% vs sector
Interest coverage
-207.92
-123.7% -367% vs sector
Figures by fiscal year
Fiscal year2025
Revenue—
EBITDA€-34k
Net profit€-37k
Cash flow€-34k
Staff costs—
Income taxes—
Dividends—
Total assets€87k
Equity€-27k
Debt€114k
of which ≤ 1y€114k
of which > 1y—
Working capital€-57k
Employees (FTE)—
Ratios (computed)
2025
Current ratio0.50
Quick ratio0.50
Working capital ratio-65.0%
Solvency-30.4%
Debt / equity-4.29
Long-term debt ratio—
Interest coverage-207.92
Gross margin—
Net margin—
ROA-42.9%
ROE141.0%
EBITDA margin—
Days sales outstanding—
Days payable outstanding—
Inventory turnover—
Days inventory (DSI)—
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet — Assets
TOTAL ASSETS 20/58€87k
Fixed assets 21/28€30k
Formation expenses 20€210
Intangible fixed assets 21€28k
Financial fixed assets 28€2k
Current assets 29/58€57k
Amounts receivable within one year 40/41€15k
Cash & bank 54/58€38k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€87k
Equity 10/15€-27k
Contributions / capital 10/11€32k
Accumulated profits (losses) 14€-59k
Amounts payable 17/49€114k
Amounts payable within one year 42/48€114k
Trade debts payable within one year 44€31k
Income statement
Gross operating margin 9900€-33k
Operating result 9901€-37k
Financial charges 65€163
Result before taxes 9903€-37k
Net result for the period 9904€-37k
Result to be appropriated 9905€-37k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 58290
Legal form Private limited company(610)
Incorporation07-12-2022
StatusActive
Postal code9140
Establishment units 1 location
MakinH
Fonteinstraat 19, 9140 TemseInstallatie van hulpvoedingssystemen (generatoraggregaten)
since 20232.341.267.818
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46302D1042/00P004 Flanders 332 m² 1 · 85 m² —
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
02-02-2026
NBB filing Annual accounts filed
fiscal year 2025 · micro
2025
30-01-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
23-05-2024
State Gazette act Capital & shares
23-05-2024
State Gazette act Director changes
Belgisch Staatsblad — acts 2 acts
Capital history · 1
23-05-2024
Capital change
All acts · 2 updated 2 years ago
2024
23-05-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
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          "n_shares_subscribed": 75200,
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    {
      "kind": "eenhoofdigheid_declaration",
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  ],
  "notary": {
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    "office_city": "Gent",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-05-23",
    "filing_date": "2024-05-13",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "act_date": "2024-05-13",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-08-25"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0794.475.629",
    "name_full": "MAKIN H",
    "legal_form": "Besloten Vennootschap",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
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    "org_rep_person_name": null,
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  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": 23.5,
      "kind": "person",
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    },
    {
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      "n_shares": 75200,
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    },
    {
      "kbo": null,
      "pct": 6.0,
      "kind": "person",
      "name": "Veerle Balcaen",
      "role": "aandeelhouder",
      "n_shares": 19200,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": 23.5,
      "kind": "person",
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    },
    {
      "kbo": null,
      "pct": 23.5,
      "kind": "person",
      "name": "Mustafa Erkoc",
      "role": "aandeelhouder",
      "n_shares": 75200,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
23-05-2024 Balcaen Veerle appointed as director Director changes
  • Balcaen Veerle — Bestuurder
Technical details 
{
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    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Balcaen Veerle",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "additional",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2023-09-01",
      "evidence_quote": "Per 01/09/2023 werd mevrouw Balcaen Veerle benoemd als een nleuw bijkomend bestuurder.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
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    },
    {
      "kind": "decharge_granted",
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      "evidence_quote": "De bijzonder algemene vergadering verleent kwijting over zijn mandaat als bestuurder.",
      "decharge_status": "granted",
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      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "board_snapshot",
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      "effective_date": "2023-09-01",
      "evidence_quote": "De verdeling van de aandelen is bljgevoig vanaf de Effectieve Datum van 1 september 2023 de volgende:",
      "decharge_status": null,
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    {
      "kind": "sole_shareholder_declaration",
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      "rep_rotation_old_rep": null,
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    }
  ],
  "notary": {
    "name": null,
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    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-05-23",
    "filing_date": "2024-05-13",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
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      "date": "2023-08-25",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0794.475.629",
    "name_full": "MAKIN H",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": null,
    "org_name": "MakinH",
    "person_name": null,
    "org_rep_person_name": "Ludwig Cardon",
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Overige uitgeverijen van software58290Uitgeven van overige software58290Ontwerpen en programmeren van computerprogramma's62010Computerconsultancy-activiteiten62020Ontwerpen van computerprogramma’s62100Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Overige gespecialiseerde wetenschappelijke en technische activiteiten74909Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg74999
Primary activity highlighted.
Names & trade names
Legal nameNL MakinH
Registered office
Fonteinstraat 19
9140 Temse, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative