MK
ActiveSummary
MK has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,068 and a net result of €3,501. Equity has been stable since 2019 (±1.5% per year). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-02-1992 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.059.042.061 1050 Ixelles, since 02-10-1992
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Board and ownership
- KWYASSE AsmaaDirector
- MUNAWAR Sultana Khan375 sharesdeed of 08-08-2025
- MUNAWAR Salim Khan375 sharesdeed of 08-08-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €13,078
- ▼ 36.5%
- Turnover
- ≈ €100,000
- estimated
- Profit
- €3,501
- ▼ 47.9%
- Equity
- €74,068
- ▲ 5.0%
- Total assets
- €79,435
- ▼ 0.2%
- 2025 accounts filed 22 days after the deadline
Score breakdownraises riskLast filed accounts filed 22 days late; 1 of the last 3 accounts latelowers riskFounded in 1992Size: total assets €79,435Equity €74,068 (93.2% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, micro). It does better than 81% of them on solvency, 50% on liquidity, 56% on profitability and 60% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 18 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 22 days after the deadline Filed on 22 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00123653.
Annual accounts 2025 filed on 22-05-2026 PDF all 27 filings
Every figure per financial year
The operating result for 2025 is 65% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,109 | - | €1,509 | - |
| Depreciation and write-downs of the year | €4,590 | €4,806 | €4,667 | €4,715 | €5,045 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,590 | €4,590 | €4,590 | €4,806 | €4,667 | €4,715 | €5,045 | ▲ 7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €6,300 | -€6,300 | - | - | - | - |
| Other operating charges640/8 | - | - | €3,630 | €21,889 | €4,565 | €4,676 | €4,097 | ▼ 12.4% |
| Gross operating margin9900 | €9,538 | €15,527 | €7,051 | €16,405 | €12,429 | €20,583 | €13,078 | ▼ 36.5% |
| Operating profit (loss)9901 | €2,026 | €8,197 | -€7,469 | -€3,991 | €3,196 | €11,192 | €3,936 | ▼ 64.8% |
| Financial income75/76B | - | - | - | €3 | €25 | €4 | €0 | ▼ 91.6% |
| Recurring financial income75 | - | - | - | €3 | €25 | €4 | €0 | ▼ 91.6% |
| Non-recurring financial income76B | - | - | - | €3 | €25 | €4 | €0 | ▼ 91.6% |
| Financial charges65/66B | - | - | €100 | €92 | €142 | €773 | €217 | ▼ 71.9% |
| Recurring financial charges65 | €76 | €88 | €100 | €92 | €142 | €773 | €217 | ▼ 71.9% |
| Profit (loss) for the period before taxes9903 | €1,950 | €8,109 | -€7,569 | -€4,080 | €3,079 | €10,423 | €3,719 | ▼ 64.3% |
| Income taxes67/77 | €460 | €2,449 | €98 | €254 | €442 | €3,701 | €219 | ▼ 94.1% |
| Profit (loss) for the period9904 | €1,490 | €5,660 | -€7,666 | -€4,334 | €2,638 | €6,723 | €3,501 | ▼ 47.9% |
| Profit (loss) for the period to be appropriated9905 | €1,490 | €5,660 | -€7,666 | -€4,334 | €2,638 | €6,723 | €3,501 | ▼ 47.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €74,361 | €81,774 | €72,604 | €67,129 | €68,907 | €79,601 | €79,435 | ▼ 0.2% |
| Fixed assets21/28 | €52,214 | €47,624 | €43,033 | €39,336 | €34,668 | €31,463 | €26,418 | ▼ 16.0% |
| Tangible fixed assets22/27 | €52,112 | €47,522 | €42,932 | €39,234 | €34,567 | €31,361 | €26,316 | ▼ 16.1% |
| Land and buildings22 | - | - | €42,793 | €38,403 | €34,012 | €29,622 | €25,232 | ▼ 14.8% |
| Furniture and vehicles24 | - | - | €139 | €832 | €554 | €1,739 | €1,085 | ▼ 37.6% |
| Financial fixed assets28 | €102 | €102 | €102 | €102 | €102 | €102 | €102 | = |
| Current assets29/58 | €22,147 | €34,150 | €29,571 | €27,794 | €34,239 | €48,138 | €53,017 | ▲ 10.1% |
| Amounts receivable within one year40/41 | €2,866 | €17,819 | €7,900 | €8,078 | €8,589 | €11,180 | €14,654 | ▲ 31.1% |
| Trade receivables40 | - | - | - | - | - | €1,010 | €3,032 | ▲ 200% |
| Other amounts receivable41 | - | - | €7,900 | €8,078 | €8,589 | €10,170 | €11,622 | ▲ 14.3% |
| Cash at bank and in hand54/58 | €17,676 | €15,131 | €9,331 | €8,117 | €2,718 | €3,168 | €2,721 | ▼ 14.1% |
| Deferred charges and accrued income490/1 | - | - | €12,340 | €11,598 | €22,932 | €33,790 | €35,642 | ▲ 5.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €74,361 | €81,774 | €72,604 | €67,129 | €68,907 | €79,601 | €79,435 | ▼ 0.2% |
| Equity10/15 | €67,546 | €73,207 | €65,540 | €61,207 | €63,844 | €70,567 | €74,068 | ▲ 5.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | €18,592 | - | - | - | - | - |
| Issued capital100 | - | - | €18,592 | - | - | - | - | - |
| Reserves13 | €41,936 | €41,936 | €41,936 | €41,936 | €41,936 | €41,936 | €41,936 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | - | €1,859 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,859 | €1,859 | = |
| Other1319 | - | - | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | - | €40,077 | €40,077 | €40,077 | €40,077 | €40,077 | = |
| Profit (loss) carried forward14 | €7,018 | €12,679 | €5,012 | €678 | €3,316 | €10,039 | €13,540 | ▲ 34.9% |
| Amounts payable17/49 | €6,814 | €8,567 | €7,064 | €5,923 | €5,063 | €9,034 | €5,367 | ▼ 40.6% |
| Amounts payable within one year42/48 | €6,814 | €8,567 | €7,064 | €5,923 | €5,063 | €8,309 | €5,367 | ▼ 35.4% |
| Trade debts44 | €4,184 | €4,104 | €1,829 | €787 | €1,178 | €1,690 | €2,838 | ▲ 67.9% |
| Suppliers440/4 | - | - | €1,829 | €787 | €1,178 | €1,690 | €2,838 | ▲ 67.9% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €3,239 | - | - |
| Taxes450/3 | - | - | - | - | - | €3,239 | - | - |
| Other amounts payable47/48 | - | - | €5,235 | €5,136 | €3,885 | €3,380 | €2,528 | ▼ 25.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €725 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,490 | €5,660 | -€7,666 | -€4,334 | €2,638 | €6,723 | €3,501 | ▼ 47.9% |
| + Depreciation and write-downs630 | €4,590 | €4,590 | €4,590 | €4,806 | €4,667 | €4,715 | €5,045 | ▲ 7.0% |
| Operating cash flow (approximation) | €6,081 | €10,251 | -€3,076 | €472 | €7,305 | €11,438 | €8,545 | ▼ 25.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,109 | €0 | -€1,509 | €0 | - |
| Change in cash | - | -€2,544 | -€5,800 | -€1,214 | -€5,399 | €450 | -€447 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as MK has now. Two years later, 94.4% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MK itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for MK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 22-05-2026 | 2026-00123653 | |
| 30-09-2024 | micro format | 28-05-2025 | 2025-00116039 | |
| 30-09-2023 | micro format | 31-05-2024 | 2024-00114367 | |
| 30-09-2022 | micro format | 07-06-2023 | 2023-00113890 | |
| 30-09-2021 | micro format | 27-05-2022 | 2022-20045721 | |
| 30-09-2020 | micro format | 27-11-2020 | 2020-73200079 | |
| 30-09-2019 | full format | 31-12-2019 | 2019-78000135 | |
| 30-09-2016 | full format | 10-04-2017 | 2017-09200344 | |
| 30-09-2015 | full format | 12-07-2016 | 2016-31600569 | |
| 30-09-2014 | full format | 01-09-2015 | 2015-54800181 |
Board & ownership
Directors
Owners and capital
Shareholders
- MUNAWAR Sultana Khan 375 shares
- MUNAWAR Salim Khan 375 shares
- Hussain MUNAWAR to Salim MUNAWAR 375 shares
- Hussain MUNAWAR to Sultana MUNAWAR 375 shares
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| KWYASSE Asmaa |
|
| Hussain MUNAWAR |
|
Network & group
MK shares no director with another company.
Companies at the same address
4 other companies- JIVAN Registered office · since 14-10-2025Founded in 2025 1029.157.132
- Ahmadzai, Naeem (sole trader) Establishment · since 03-07-2021Founded in 2021 0770.612.639
- DOUZ FOOD Registered office · since 31-05-2016Founded in 2016 · turnover €1,925 (2023) · negative equity · accounts filed late 0655.807.496
- Abdel Hamide Mourssi, Samir (sole trader) Establishment · since 24-06-2010Founded in 2010 0826.981.319
Connections & network
1 current directorThe network starts from the directors of MK. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
08-08
Gazette deed
Reappointment: KWYASSE Asmaa (director)MUNAWAR Sultana Khan holds 375 shares · MUNAWAR Salim Khan holds 375 shares3 points ▸
- MUNAWAR Sultana Khan holds 375 shares
- MUNAWAR Salim Khan holds 375 shares
- Director reappointment, KWYASSE Asmaa
- The deed holds 1 more point.
26-01
Gazette deed
Resignation: Hussain MUNAWAR (director)Transfer of 375 shares from Hussain MUNAWAR to Salim MUNAWAR · Transfer of 375 shares from Hussain MUNAWAR to Sultana MUNAWAR · Appointment: Asmaa KWYASSE (director)5 points ▸
- General meeting, 29-10-2021
- Director resignation, Hussain MUNAWAR
- Share transfer, Hussain MUNAWAR → Salim MUNAWAR, 375 shares
- Share transfer, Hussain MUNAWAR → Sultana MUNAWAR, 375 shares
- Director appointment, Asmaa KWYASSE
- The deed holds 1 more point.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21445C0226/00T004 | Brussels | 149 m² | 1 · 61 m² | 16.1 m · 4 |