MK & D
ActiveSummary
MK & D has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,715 and a net result of €15,663. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 64% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency84▲+84
Growth85▲+30
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.11 against 0.29 in 2024; short-term debt: 40.7% and cash: 79.2% of total assets), and 40.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.3%
Return on assets
79.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
9 d early
2022
35 d late
2021
13 d early
2020
34 d early
2019
62 d early
← 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 4 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Turnover
€54,574▲ 131%
2020 · €23,650
EBIT margin
0.9%▲ 42.6pp
2020 · -41.7%
Net result
€15,663
2024 · -€7,902
Working capital
€8,961
2024 · -€6,978
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€54,574▲ 131%
Operating result€489€26,021▲ 5,221%-€6,361-€7,723▼ 21.4%€16,853
Net result€143below the sector's middle half€23,971within the sector's middle half▲ 16,663%-€6,405below the sector's middle half-€7,902below the sector's middle half▼ 23.4%€15,663within the sector's middle half
EBIT margin0.9%▲ 42.6pp
Equity€6,389below the sector's middle half▲ 2.3%€10,360below the sector's middle half▲ 62.2%€3,955below the sector's middle half▼ 61.8%-€3,947below the sector's middle half€11,715below the sector's middle half
Total assets€14,764below the sector's middle half▲ 23.0%€13,409below the sector's middle half▼ 9.2%€7,306below the sector's middle half▼ 45.5%€5,830below the sector's middle half▼ 20.2%€19,756below the sector's middle half▲ 239%
Debt€8,375▲ 45.6%€3,049▼ 63.6%€3,351▲ 9.9%€9,777▲ 192%€8,041▼ 17.8%
Working capital€3,467▼ 44.5%€8,604▲ 148%€3,365▼ 60.9%-€6,978€8,961
Solvency43.3%within the sector's middle half▼ 8.8pp77.3%above the sector's middle half▲ 34.0pp54.1%within the sector's middle half▼ 23.1pp-67.7%below the sector's middle half▼ 121.8pp59.3%within the sector's middle half▲ 127.0pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16,853 after a loss of €7,723 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19,756
Fixed assets
€2,754 ▼ 9.1%
Current assets
€17,002 ▲ 507%
Equity and liabilities €19,756
Equity
€11,715
Debt
€8,041
Debt finances 40.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€17,658▲
2024 · -€7,604
Cash flow
€16,468▲
2024 · -€7,783
Current ratio
2.11▲
2024 · 0.29
Debt to equity
0.69▲
2024 · -2.48
ROE
133.7%
ROA
79.3%▲
2024 · -135.5%
Interest coverage
13.88▲
2024 · -42.48
Debt ≤ 1 year
€8,041▼
2024 · €9,777
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €54,574 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €52,897 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €578 | €1,166 | €1,166 | €119 | €805 | ▲ 576% |
| Other operating charges640/8 | €610 | €640 | - | €5,280 | €1,834 | ▼ 65.3% |
| Non-recurring operating charges66A | - | - | - | €90 | - | - |
| Gross operating margin9900 | €1,677 | €27,827 | -€5,195 | -€2,234 | €19,492 | ▲ 973% |
| Operating profit (loss)9901 | €489 | €26,021 | -€6,361 | -€7,723 | €16,853 | ▲ 318% |
| Financial income75/76B | - | €595 | €364 | - | €83 | - |
| Recurring financial income75 | - | €595 | €364 | - | €83 | - |
| Financial charges65/66B | €346 | €2,645 | €408 | €179 | €1,272 | ▲ 611% |
| Recurring financial charges65 | €346 | €2,645 | €408 | €179 | €1,272 | ▲ 611% |
| Profit (loss) for the period before taxes9903 | €143 | €23,971 | -€6,405 | -€7,902 | €15,663 | ▲ 298% |
| Profit (loss) for the period9904 | €143 | €23,971 | -€6,405 | -€7,902 | €15,663 | ▲ 298% |
| Profit (loss) for the period to be appropriated9905 | €143 | €23,971 | -€6,405 | -€7,902 | €15,663 | ▲ 298% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,764 | €13,409 | €7,306 | €5,830 | €19,756 | ▲ 239% |
| Fixed assets21/28 | €2,922 | €1,756 | €590 | €3,031 | €2,754 | ▼ 9.1% |
| Tangible fixed assets22/27 | €2,922 | €1,756 | €590 | €3,031 | €2,754 | ▼ 9.1% |
| Furniture and vehicles24 | €2,922 | €1,756 | €590 | €3,031 | €2,754 | ▼ 9.1% |
| Current assets29/58 | €11,842 | €11,653 | €6,716 | €2,799 | €17,002 | ▲ 507% |
| Amounts receivable within one year40/41 | €11,735 | €11,532 | €6,716 | €2,553 | €1,364 | ▼ 46.6% |
| Trade receivables40 | €4,100 | €6,372 | - | - | €1,364 | - |
| Other amounts receivable41 | €7,635 | €5,160 | €6,716 | €2,553 | - | - |
| Cash at bank and in hand54/58 | €107 | €121 | - | €246 | €15,638 | ▲ 6,257% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,764 | €13,409 | €7,306 | €5,830 | €19,756 | ▲ 239% |
| Equity10/15 | €6,389 | €10,360 | €3,955 | -€3,947 | €11,715 | ▲ 397% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €12,400 | €12,400 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €8,060 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €8,060 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €8,060 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€1,671 | €2,300 | -€4,105 | -€12,007 | €3,655 | ▲ 130% |
| Amounts payable17/49 | €8,375 | €3,049 | €3,351 | €9,777 | €8,041 | ▼ 17.8% |
| Amounts payable within one year42/48 | €8,375 | €3,049 | €3,351 | €9,777 | €8,041 | ▼ 17.8% |
| Current portion of amounts payable after more than one year42 | - | - | €170 | - | - | - |
| Trade debts44 | €7,247 | €3,049 | €1,931 | €9,695 | €8,041 | ▼ 17.1% |
| Suppliers440/4 | €7,247 | €3,049 | €1,931 | €9,695 | €8,041 | ▼ 17.1% |
| Taxes, remuneration and social security45 | €1,128 | - | €1,250 | - | - | - |
| Taxes450/3 | €1,128 | - | €1,250 | - | - | - |
| Other amounts payable47/48 | - | - | - | €82 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €143 | €23,971 | -€6,405 | -€7,902 | €15,663 | ▲ 298% |
| + Depreciation and write-downs630 | €578 | €1,166 | €1,166 | €119 | €805 | ▲ 576% |
| Operating cash flow (approximation) | €721 | €25,137 | -€5,239 | -€7,783 | €16,468 | ▲ 312% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,560 | -€528 | ▲ 79.4% |
| Change in cash | - | €14 | - | - | €15,392 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €15,663
Net result €15,663 after 2 loss-making years.
31-12
Financial
Liquidity times 7current ratio 2.11
Current ratio from 0.29 to 2.11; short-term debt falls from €9,777 to €8,041.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 35 days late
2022
31-12
Financial
Highest result since 2018net €23,971 ▲16,663%
Operating result €26,021, net result €23,971, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.82
Current ratio from 1.41 to 3.82; short-term debt falls from €8,375 to €3,049.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €143
Net result €143 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€10,128
Net result drops to -€10,128, the lowest in the series; recovery starts the following year.
Show earlier events
30-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
23-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Namur · 1 establishment unit since 2017
Ground area
486 m²
Building footprint
138 m²
Volume, LiDAR
620 m³
Parcel 92010D0188/00F002, Wallonia · tallest building 5.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MK & D
since 20172.263.903.190
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92010D0188/00F002 | Wallonia | 486 m² | 1 · 138 m² | 5.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,269 companies in sector 43230 we hold annual accounts for 1,239. 744 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43350Other building finishing work
43910Bricklaying and masonry work
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674818013
Also
9925:BE0674818013
Registered
10-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.