MAKOA

Active

Private limited companyfounded 2012active for 14 yearsBrandstraat 16, 9830 Sint-Martens-Latem, BelgiumKBO/BCE: BE 0848.642.508

Summary

MAKOA has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.6m and a net result of €1.4m. Equity is growing by about 66% per year across the filed financial years. Its solvency ranks better than 54% of 6,141 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow Report Compare

MAKOAActiveChecked score 86/100

Risk analysis Report Compare

Activity

Agents in the wholesale of textiles, clothing, fur, footwear and leather goods

NACE 46160Other non-specialised retail sale NACE 47120

4th largest company by equity in Sint-Martens-Latem, Wholesale and retail trade sector2 sites

Size

€27.5mturnover 2025

Staff: 8.2 FTE
Equity: €7.6m
Profit: €1.4m

Financial health

86 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.3%

Structure

Parent: POLY-BRAND · 84.78%
Holdings: 1

POLY-BRANDDirector · permanent representative Fabian TONDREAU
CASTELEIN KatrienDirector

Auditor: A&C - Bedrijfsrevisor2025 accounts filed 24 days late4 of 7 deeds summarised

Why 86raises riskLiquidity: current ratio 1.92, cash €109,781lowers riskFounded in 2012Profit of €1.4m (financial year 2025)Figures for financial year 2025 (filed 25-08-2026)Show the evidence

Checked score

Score 2025

86 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 50% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 73-6

equity 48.5% of total assets

Liquidity 25-5

short-term debt 51.0% · cash 0.7%

Profitability 70=

return on assets 8.8%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,882 companies, NACE 46, micro)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.1%▼ -0.1 percentage points vs 01-2025lowest value 03-2025: 0.2%▲ +0.1 percentage points vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.5%▲ +0.2 percentage points vs 07-2025 09-2025: 0.2%▼ -0.3 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.3%▲ +0.1 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.4 percentage points vs 07-2026highest value 09-2026: 0.3%▼ -0.4 percentage points vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026

Credit of up to €650,000 on 30-day terms is acceptable

Liquidity ample (current ratio 1.92, compared with 2.17 in 2024, above the usual 1.5; short-term debt: 51% and cash: 0.7% of total assets), but 51.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 56% on solvency, 23% on liquidity, 54% on profitability and 67% on growth.

The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises risk

Liquidity: current ratio 1.92, cash €109,781

NBB · annual accounts

Founded in 2012

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Profit of €1.4m (financial year 2025)

NBB · annual accounts

Figures for financial year 2025 (filed 25-08-2026)

NBB · annual accounts

2025 accounts filed 24 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

24 days late

2024

29 days late

2023

23 days late

2022

7 days late

2021

25 days late

2020

30 days late

2019

49 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 27 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

24-08-2026 Annual accounts filedfinancial year 2025 · full…
16-02-2026 Resignation: Fabian TONDREAU (director)Appointment: POLY-BRAND (director) · Permanent…
06-10-2025 Reappointment: A&C - Bedrijfsrevisor (statutory auditor)Gazette deed

Key points

Positive: Staff rose in 2025from 5 FTE to 8.2 FTE ▲ 64.0% View
Positive: Among the best 15% on net resultsector median €112,347 · 6,076 companies €1.4m View
Positive: 8 profitable years in a rowprofit 2025: €1.4m 8 years View
Controlled by POLY-BRANDthe company in turn controls 1 companies 84.78% View
Board changedlatest change 01-11-2025 · 2 in office 1 joined · 1 left View

By topic

Financials

Financial year: 2025
Turnover: €27.5m
Profit: €1.4m
Solvency: 48.5%

Turnover▲ 32.0%

Net result

20222025

Go to Financials

Board & ownership

Board: 2 members
Parent: POLY-BRAND · 84.78%
Auditor: A&C - Bedrijfsrevisor

POLY-BRANDDirector
CASTELEIN KatrienDirector

Go to Board & ownership

Network & group

Subsidiaries: 1

1 subsidiary

Go to Network & group

Timeline

Events: 23
Since: 2014
Next accounts: by 31-07-2027

29-08-2025Annual accounts filed
21-10-2024Amendment of the articles
23-08-2024Annual accounts filed

Go to Timeline

Company details

Sites: 2

Legal form: Private limited company
Activity: Agents in the wholesale of textiles, clothing, fur…NACE 46160
Founded: 07-09-2012
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 16

Annual meeting: Last Friday of June at 18:00
Purpose: “Aankoop en verkoop van schoonmaakproducten,onderhouds- en…” (deed in Dutch)

Go to Articles of association

Key facts about MAKOA

What is the company number of MAKOA?: 0848.642.508. In Belgium the VAT number is the company number with BE in front: BE 0848.642.508.
Where is MAKOA based?: The registered office is at Brandstraat 16, 9830 Sint-Martens-Latem.Company details
What does MAKOA do?: According to the KBO register, the main activity is agents in the wholesale of textiles, clothing, fur, footwear and leather goods (NACE 46160).
What is the legal form of MAKOA?: Private limited company (BV).
When was MAKOA founded?: On 07-09-2012.
Is MAKOA still active?: Yes, MAKOA is an active enterprise in the KBO register.
How many employees does MAKOA have?: On average 8.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MAKOA?: €27.5m in financial year 2025, according to the filed annual accounts.
Is MAKOA profitable?: In financial year 2025, MAKOA made a profit of €1.4m.
Where can I find the annual accounts of MAKOA?: MAKOA filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MAKOA due?: By 31-07-2027, for financial year 2026.Timeline