MK DECOR
ActiveSummary
The computed 12-month bankruptcy probability of MK DECOR is 2.1% (moderate). The 2025 annual accounts show equity of €100 and a net result of €29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 27965 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+4
Solvency25▼-57
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 dateAge against the risk zone
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
0.1%
Return on assets
26.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
23 d early
2024
20 d early
2023
22 d late
2022
18 d early
2021
25 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€100▼ 99.9%
2024 · €72k
Total assets
€112k▼ 11.5%
2024 · €127k
Net result
€29k▲ 7.5%
2024 · €27k
Working capital
€-12k
2024 · €59k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€62k-€42k▼ 32.6%€62k▲ 48.2%€38k▼ 38.0%€41k▲ 6.6%
Net result€47k-€30k▼ 36.2%€45k▲ 49.8%€27k▼ 38.9%€29k▲ 7.5%
Equity€47k-€77k▲ 63.7%€121k▲ 58.3%€72k▼ 40.6%€100▼ 99.9%
Total assets€72k-€112k▲ 54.5%€163k▲ 45.7%€127k▼ 22.3%€112k▼ 11.5%
Debt€26k-€35k▲ 37.8%€42k▲ 18.1%€55k▲ 31.3%€112k▲ 105%
Working capital€44k-€68k▲ 55.3%€112k▲ 65.5%€59k▼ 47.2%€-12k
Staff (FTE)1-1=1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €112k
Fixed assets
€13k ▼ 4.2%
Current assets
€100k ▼ 12.3%
Equity and liabilities €112k
Equity
€100 ▼ 99.9%
Debt
€112k ▲ 105%
Debt's share of the balance-sheet total rises from 43.1% to 99.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€44k▲
2024 · €41k
Cash flow
€32k▲
2024 · €30k
Current ratio
0.89▼
2024 · 2.08
Quick ratio
0.87▼
2024 · 2.07
ROA
26.2%▲
2024 · 21.6%
Interest coverage
202.60▲
2024 · 118.53
Debt ≤ 1 year
€112k▲
2024 · €55k
Income taxes
€11k▲
2024 · €11k
Staff costs
€51k▲
2024 · €45k
Equity ratios withheld: equity of €100 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €65k | €43k | €44k | €45k | €51k | ▲ 13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €3k | €3k | €3k | ▲ 4.3% |
| Other operating charges640/8 | €2k | €840 | €1k | €1k | €872 | ▼ 13.2% |
| Gross operating margin9900 | €130k | €87k | €110k | €87k | €95k | ▲ 9.6% |
| Operating profit (loss)9901 | €62k | €42k | €62k | €38k | €41k | ▲ 6.6% |
| Financial income75/76B | €134 | €94 | €428 | €484 | €38 | ▼ 92.1% |
| Recurring financial income75 | €134 | €94 | €428 | €484 | €38 | ▼ 92.1% |
| Financial charges65/66B | €1k | €375 | €331 | €345 | €152 | ▼ 56.0% |
| Recurring financial charges65 | €1k | €375 | €331 | €345 | €215 | ▼ 37.7% |
| Non-recurring financial charges66B | - | - | - | - | €-63 | - |
| Profit (loss) for the period before taxes9903 | €61k | €41k | €62k | €38k | €41k | ▲ 5.9% |
| Income taxes67/77 | €14k | €11k | €17k | €11k | €11k | ▲ 2.0% |
| Profit (loss) for the period9904 | €47k | €30k | €45k | €27k | €29k | ▲ 7.5% |
| Profit (loss) for the period to be appropriated9905 | €47k | €30k | €45k | €27k | €29k | ▲ 7.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72k | €112k | €163k | €127k | €112k | ▼ 11.5% |
| Fixed assets21/28 | €3k | €9k | €10k | €13k | €13k | ▼ 4.2% |
| Tangible fixed assets22/27 | €3k | €9k | €10k | €13k | €13k | ▼ 4.2% |
| Land and buildings22 | - | €7k | €7k | €6k | €5k | ▼ 12.6% |
| Plant, machinery and equipment23 | €2k | €957 | €2k | €1k | €3k | ▲ 151% |
| Furniture and vehicles24 | €2k | €780 | €1k | €6k | €4k | ▼ 25.7% |
| Current assets29/58 | €69k | €103k | €153k | €114k | €100k | ▼ 12.3% |
| Stocks and contracts in progress3 | - | - | €2k | €995 | €2k | ▲ 86.3% |
| Stocks30/36 | - | - | €2k | €995 | €2k | ▲ 86.3% |
| Amounts receivable within one year40/41 | €3k | €7k | €33k | €51k | €13k | ▼ 74.2% |
| Trade receivables40 | €2k | €4k | €21k | €43k | €13k | ▼ 69.5% |
| Other amounts receivable41 | €1k | €3k | €12k | €8k | €53 | ▼ 99.3% |
| Cash at bank and in hand54/58 | €59k | €90k | €117k | €60k | €82k | ▲ 38.0% |
| Deferred charges and accrued income490/1 | €6k | €7k | €1k | €2k | €2k | ▲ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72k | €112k | €163k | €127k | €112k | ▼ 11.5% |
| Equity10/15 | €47k | €77k | €121k | €72k | €100 | ▼ 99.9% |
| Contributions10/11 | €100 | €100 | €100 | €100 | €100 | = |
| Reserves13 | €47k | €77k | €121k | €72k | - | - |
| Distributable reserves133 | €47k | €77k | €121k | €72k | - | - |
| Amounts payable17/49 | €26k | €35k | €42k | €55k | €112k | ▲ 105% |
| Amounts payable within one year42/48 | €26k | €35k | €42k | €55k | €112k | ▲ 105% |
| Trade debts44 | €6k | €6k | €5k | €4k | €4k | ▼ 1.3% |
| Suppliers440/4 | €6k | €6k | €5k | €4k | €4k | ▼ 1.3% |
| Advances received on contracts in progress46 | - | - | €20k | €34k | €20k | ▼ 40.5% |
| Taxes, remuneration and social security45 | €18k | €30k | €17k | €17k | €5k | ▼ 70.6% |
| Taxes450/3 | €14k | €27k | €17k | €17k | €5k | ▼ 70.6% |
| Remuneration and social security454/9 | €4k | €3k | - | - | - | - |
| Other amounts payable47/48 | €1k | - | - | - | €83k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47k | €30k | €45k | €27k | €29k | ▲ 7.5% |
| + Depreciation and write-downs630 | €2k | €2k | €3k | €3k | €3k | ▲ 4.3% |
| Operating cash flow (approximation) | €49k | €31k | €48k | €30k | €32k | ▲ 7.2% |
| Investment in fixed assets (approximation) | - | €-7k | €-3k | €-6k | €-2k | ▲ 62.4% |
| Change in cash | - | €30k | €27k | €-57k | €23k | ▲ 140% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €27k ▼38.9%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Equity above €100kEq €121k ▲58.3%
3 profitable years in a row build equity to €121k.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Erpe-Mere · 1 establishment unit since 2020
Ground area
673 m²
Building footprint
117 m²
Volume, LiDAR
739 m³
Parcel 41006A0406/00F000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MK DECOR
since 20202.304.143.641
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41006A0406/00F000 | Flanders | 673 m² | 1 · 117 m² | 10.4 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.
Similar companies · same sector, comparable size
MNK rénovation
BE 1020.328.944
Tongeren-Borgloon · Eq €100
I.J RENOVATION
BE 0766.884.176
Dilbeek · Eq €114
WallprintBelgium
BE 1007.738.938
Antwerpen · Eq €83
GLOBAL PAINTING
BE 0553.938.690
Stekene · Eq €72
BAYER PROJECTEN
BE 0742.989.910
Sint-Niklaas · Eq €155
Of 7,867 companies in sector 43341 we hold annual accounts for 2,663. 39 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
Founded30-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
Scores and ratios are computed by Checked and are not a credit decision.