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MK

Active
Private limited company (pre-2019)founded 20188 yrs activeKraanweg(BOR) 10, 2880 Bornem, BelgiumKBO/BCE: BE 0691.566.151

MK has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €221k and a net result of €128k. Equity is growing by ~89.9% per year across the filed fiscal years. Its solvency ranks better than 66% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Checked score

Score 2024
79 / 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+15
Solvency86▲+24
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 0.91 in 2023; short-term debt: 33.7% and cash: 26.4% of total assets), and 39.3% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.
+raises riskneutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies more bankruptcies →
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
elevated failure risk from 2 to 8 years 8 years 0 10 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-06-2025, 57 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
not confirmed
2024
57 d early
2023
40 d early
2022
32 d early
2021
22 d late
2020
41 d late
2019
31 d late
← before the deadline after the 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

Financials · fiscal year 2024, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Turnover
€339k
EBIT margin
1.6%
Net result
€128k▲ 297%
2023 · €32k
2019: €2k 2020: €26k 2021: €-3k 2022: €30k 2023: €32k
2019 → 2024
Working capital
€115k
2023 · €-10k
2019: €-21k 2020: €-12k 2021: €-56k 2022: €-23k 2023: €-10k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Equity€34k-€31k▼ 8.8%€61k▲ 97.4%€93k▲ 52.4%€221k▲ 137%
Operating result€39k-€2k▼ 95.4%€45k▲ 2,410%€50k▲ 12.2%€183k▲ 264%
Net result€26k-€-3k€30k€32k▲ 6.2%€128k▲ 297%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-50k€0€50k€100k€150k€200kOperating result 2020: €39k€39kNet result 2020: €26k€26kOperating result 2021: €2k€2kNet result 2021: €-3k€-3kOperating result 2022: €45k€45kNet result 2022: €30k€30kOperating result 2023: €50k€50kNet result 2023: €32k€32kOperating result 2024: €183k€183kNet result 2024: €128k€128k20202021202220232024
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 264% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €365k
Fixed assets €127k▼ 12.5%
Current assets €238k▲ 121%
Equity and liabilities €365k
Equity €221k▲ 137%
Debt €143k▼ 10.0%
The debt ratio falls from 63.0% to 39.3%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€245k
2023 · €95k
Cash flow
€190k
2023 · €77k
Solvency
60.7%
2023 · 37.0%
Current ratio
1.93
2023 · 0.91
Quick ratio
1.93
2023 · 0.91
Debt / equity
0.65
2023 · 1.70
ROE
57.7%
2023 · 34.4%
ROA
35.0%
2023 · 12.7%
Interest coverage
40.01
2023 · 17.42
Debt
€143k
2023 · €159k
Debt ≤ 1 year
€123k
2023 · €118k
Debt > 1 year
€21k
2023 · €42k
Income taxes
€47k
2023 · €13k
Staff costs
€122k
2023 · €109k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet Code20232024
Assets
Total assets20/58€253k€365k
Fixed assets21/28€145k€127k
Tangible fixed assets22/27€143k€125k
Plant, machinery and equipment23€41k€34k
Furniture and vehicles24€52k€57k
Leasing and similar rights25€50k€34k
Financial fixed assets28€2k€2k=
Current assets29/58€108k€238k
Amounts receivable within one year40/41€100k€139k
Trade receivables40€67k€37k
Other amounts receivable41€33k€103k
Cash at bank and in hand54/58€3k€96k
Deferred charges and accrued income490/1€5k€2k
Equity and liabilities
Total equity and liabilities10/49€253k€365k
Equity10/15€93k€221k
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€85k€213k
Amounts payable17/49€159k€143k
Amounts payable after more than one year17€42k€21k
Financial debts170/4€42k€21k
Amounts payable within one year42/48€118k€123k
Current portion of amounts payable after more than one year42€30k€36k
Trade debts44€71k€30k
Suppliers440/4€71k€30k
Taxes, remuneration and social security45€17k€57k
Taxes450/3€16k€46k
Remuneration and social security454/9€899€10k
Income statement Code20232024
Non-recurring operating income76A€757-
Remuneration, social security and pensions62€109k€122k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€62k
Other operating charges640/8€14k€39k
Gross operating margin9900€218k€406k
Operating profit (loss)9901€50k€183k
Financial income75/76B€763€2k
Recurring financial income75€763€2k
Financial charges65/66B€6k€9k
Recurring financial charges65€5k€6k
Non-recurring financial charges66B€642€3k
Profit (loss) for the period before taxes9903€45k€175k
Income taxes67/77€13k€47k
Profit (loss) for the period9904€32k€128k
Profit (loss) for the period to be appropriated9905€32k€128k
Appropriation of the result
Profit (loss) to be appropriated9906€85k€213k
Profit (loss) brought forward from the previous period14P€53k€85k

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
04-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2019net €128k ▲297%
Operating result €183k, net result €128k, both a record.
31-12
Financial Liquidity doublescurrent ratio 1.93
Current ratio from 0.91 to 1.93.
31-12
Financial Equity above €200kEq €221k ▲137%
3 profitable years in a row build equity to €221k.
21-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €30k
Net result €30k after one loss-making year.
22-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial Weakest financial yearnet €-3k ▼112%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
10-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 41 days late
2020
31-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
4 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, Bornem · 1 establishment unit since 2018
establishment The establishment unit on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Kraanweg(BOR) 102880 Bornem
Ground area
158 m²
Building footprint
84 m²
Volume, LiDAR
425 m³
Parcel 12007B0939/00H000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kraanweg(BOR) 10, 2880 Bornem
Construction of roads and motorways
since 20182.273.890.232
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12007B0939/00H000 Flanders 158 m² 1 · 84 m² 8.4 m · 2 fl.
Linked by address, not proof of ownership
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.

Similar companies · same sector, comparable size

Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,574 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company (pre-2019)
Founded28-02-2018
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
42110Construction of roads and motorways
42219Civil engineering
42220Construction of utility projects for electricity and telecommunications
43130Specialised construction activities
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.