Checked.be
Active
BE 0729.904.709Private limited company
MAKSCO
Juul Persijnstraat 59 ·2520 Ranst, Belgium· 7 yrs active
Sector: Advertising agencies
(73110)
Conclusion
MAKSCO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €196k and a net result of €124k. Equity is growing by ~35.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 6794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €196k |
| Net result | €124k |
| Better than sector | 60% |
| Active | 7 yrs |
Financial profile
96
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
100
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€20k
estimate, not credit advice
Score history
93
2021
73
2022
100
2023
93
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.08 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.08 (≥ 1.0)
+5
Leverage
Debt/equity 0.53 (< 1.0)
+10
Profitability
ROE 63% (≥ 10%)
+10
Interest coverage
Interest coverage 147.2× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 06-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~35.8%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 73, Advertising, market research and public relations activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 65.5% | 54.7% | |
| Net result | €124k | €14k | |
| Equity | €196k | €61k | |
| Gross operating margin | €175k | €37k | |
| Total assets | €299k | €139k |
€175k
+146.6%
21-25
€124k
+163.5%
21-25
€140k
+176.5%
21-25
€299k
+130.5%
21-25
€196k
+94.3%
21-25
€154k
+91.2%
21-25
€34k
+78.7%
21-25
€29k
+43.8%
21-25
€103k
+256.7%
21-25
€74k
+156.7%
21-25
€29k
-
21-25
3.08
-18.8%
21-25
3.08
-18.8%
21-25
65.5%
-15.7%
21-25
0.53
+83.5%
21-25
63.2%
+35.6%
21-25
41.4%
+14.3%
21-25
147.18
+196.0%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €175k | €71k | €87k | €48k | €46k |
| Net profit | €124k | €47k | €66k | €35k | €33k |
| Cash flow | €140k | €50k | €69k | €37k | €35k |
| Staff costs | - | - | - | - | - |
| Income taxes | €34k | €19k | €19k | €11k | €11k |
| Dividends | €29k | €20k | €20k | €95k | - |
| Total assets | €299k | €130k | €129k | €158k | €128k |
| Equity | €196k | €101k | €74k | €28k | €89k |
| Debt | €103k | €29k | €55k | €130k | €40k |
| of which ≤ 1y | €74k | €29k | €55k | €130k | €40k |
| of which > 1y | €29k | - | - | - | - |
| Working capital | €154k | €81k | €50k | €6k | €63k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 3.08 | 3.79 | 1.92 | 1.04 | 2.59 |
| Quick ratio | 3.08 | 3.79 | 1.92 | 1.04 | 2.59 |
| Working capital ratio | 51.5% | 62.0% | 39.0% | 3.5% | 49.2% |
| Solvency | 65.5% | 77.7% | 57.5% | 17.9% | 69.0% |
| Debt / equity | 0.53 | 0.29 | 0.74 | 4.59 | 0.45 |
| Long-term debt ratio | 0.15 | - | - | - | - |
| Interest coverage | 147.18 | 49.73 | 771.19 | 215.36 | 282.82 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 41.4% | 36.2% | 51.0% | 21.9% | 25.9% |
| ROE | 63.2% | 46.6% | 88.8% | 122.5% | 37.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €299k | €130k | €129k | €158k | €128k |
| Fixed assets | 21/28 | €71k | €20k | €24k | €23k | €26k |
| Tangible fixed assets | 22/27 | €71k | €20k | €24k | €23k | €26k |
| Current assets | 29/58 | €228k | €110k | €105k | €135k | €103k |
| Amounts receivable within one year | 40/41 | €28k | €22k | €48k | €15k | €12k |
| Investments | 50/53 | €119k | €59k | - | - | - |
| Cash & bank | 54/58 | €80k | €27k | €55k | €110k | €81k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €299k | €130k | €129k | €158k | €128k |
| Equity | 10/15 | €196k | €101k | €74k | €28k | €89k |
| Contributions / capital | 10/11 | €5k | €5k | €5k | €5k | €5k |
| Reserves | 13 | €191k | €96k | €69k | €23k | - |
| Accumulated profits (losses) | 14 | - | - | - | - | €84k |
| Amounts payable | 17/49 | €103k | €29k | €55k | €130k | €40k |
| Amounts payable after one year | 17 | €29k | - | - | - | - |
| Amounts payable within one year | 42/48 | €74k | €29k | €55k | €130k | €40k |
| Trade debts payable within one year | 44 | €2k | €282 | €2k | - | €1k |
| Income statement | ||||||
| Gross operating margin | 9900 | €175k | €72k | €89k | €50k | €47k |
| Operating result | 9901 | €159k | €67k | €84k | €45k | €44k |
| Financial income | 75 | €38 | €41 | €0 | €0 | €2 |
| Financial charges | 65 | €1k | €1k | €113 | €224 | €163 |
| Result before taxes | 9903 | €158k | €66k | €84k | €45k | €44k |
| Income taxes | 67/77 | €34k | €19k | €19k | €11k | €11k |
| Net result for the period | 9904 | €124k | €47k | €66k | €35k | €33k |
| Result to be appropriated | 9905 | €124k | €47k | €66k | €35k | €33k |
Legal Structure
| NACE primary | Advertising agencies(73110) |
| Legal form | Private limited company(610) |
| Incorporation | 08-07-2019 |
| Status | Active |
| Postal code | 2520 |
Establishment units
MAKSCO
since 20192.294.214.009
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11015A0346/00P000 | Flanders | 3,479 m² | 1 · 186 m² | 12.6 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-12
Financial
Highest result since 2021net €124k ▲164%
Operating result €159k, net result €124k, both a record.
31-12
Financial
Equity above €150kEq €196k ▲94.3%
5 profitable years in a row build equity to €196k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €101k ▲36.6%
4 profitable years in a row build equity to €101k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Advertising agencies73110Business and other management consultancy70200Activities of head offices; management consultancy activities70210Business consulting70220Public relations and communication consultancy73300
Names & trade names
| Legal nameNL | MAKSCO |
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