MK DEVELOPMENT
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 28-06-2024 was due by 28-01-2025 and was filed on 04-07-2024, 208 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
208 d early
2023
48 d early
2022
67 d early
2021
82 d early
2020
50 d early
2019
21 d early
2018
54 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 76 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?Curalia · 10 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Turnover
€334,672▼ 29.5%
2022 · €474,547
EBIT margin
749.9%▲ 700.5pp
2022 · 49.4%
Net result
-€45,837
2023 · €2.1m
Working capital
€475,081▼ 9.2%
2022 · €523,427
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
Line20202021202220232024
Turnover€441,291▲ 0.4%€448,556▲ 1.6%€474,547▲ 5.8%€334,672▼ 29.5%
Operating result€218,405▲ 0.6%€225,616▲ 3.3%€234,487▲ 3.9%€2.5m▲ 970%-€50,262
Net result-€98,201▼ 1.0%-€91,160▲ 7.2%-€82,367▲ 9.6%€2.1m-€45,837
EBIT margin49.5%▲ 0.1pp50.3%▲ 0.8pp49.4%▼ 0.9pp749.9%▲ 700.5pp
Equity-€1.4m▼ 7.5%-€1.5m▼ 6.5%-€1.6m▼ 5.5%€475,081€429,243▼ 9.6%
Total assets€3.3m▼ 2.9%€3.2m▼ 2.7%€3.1m▼ 3.6%€486,489▼ 84.1%€429,243▼ 11.8%
Debt€4.7m=€4.7m=€4.6m▼ 0.7%€11,408▼ 99.8%
Working capital€523,427€475,081▼ 9.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €50,262 after €2.5m in 2023, the lowest result in the available series.
Key figures and ratios
Solvency
100.0%▲
2023 · 97.7%
ROE
-10.7%▼
2023 · 431.9%
ROA
-10.7%▼
2023 · 421.8%
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €441,291 | €448,556 | €474,547 | €334,672 | - | - |
| Non-recurring operating income76A | - | €3,198 | €3,326 | €2.4m | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €75,675 | €93,519 | €91,656 | €50,092 | ▼ 45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €154,989 | €154,989 | €154,989 | €135,615 | - | - |
| Other operating charges640/8 | - | €1,275 | €944 | €1,242 | €170 | ▼ 86.3% |
| Gross operating margin9900 | €374,565 | €381,880 | €390,420 | €2.6m | -€50,092 | ▼ 102% |
| Operating profit (loss)9901 | €218,405 | €225,616 | €234,487 | €2.5m | -€50,262 | ▼ 102% |
| Financial income75/76B | - | - | - | €2,307 | €4,794 | ▲ 108% |
| Recurring financial income75 | - | - | - | €2,307 | €4,794 | ▲ 108% |
| Financial charges65/66B | - | €316,777 | €316,854 | €270,332 | €369 | ▼ 99.9% |
| Recurring financial charges65 | €316,606 | €316,777 | €316,854 | €270,332 | €369 | ▼ 99.9% |
| Profit (loss) for the period before taxes9903 | -€98,201 | -€91,160 | -€82,367 | €2.2m | -€45,837 | ▼ 102% |
| Income taxes67/77 | - | - | - | €189,833 | - | - |
| Profit (loss) for the period9904 | -€98,201 | -€91,160 | -€82,367 | €2.1m | -€45,837 | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | -€98,201 | -€91,160 | -€82,367 | €2.1m | -€45,837 | ▼ 102% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €3.2m | €3.1m | €486,489 | €429,243 | ▼ 11.8% |
| Fixed assets21/28 | €2.8m | €2.7m | €2.5m | - | - | - |
| Tangible fixed assets22/27 | €2.8m | €2.7m | €2.5m | - | - | - |
| Land and buildings22 | - | €438,669 | €438,669 | - | - | - |
| Other tangible fixed assets26 | - | €2.3m | €2.1m | - | - | - |
| Current assets29/58 | €427,058 | €489,657 | €527,528 | €486,489 | €429,243 | ▼ 11.8% |
| Amounts receivable within one year40/41 | €37,187 | €42,405 | €0 | €11,453 | €10,167 | ▼ 11.2% |
| Trade receivables40 | - | €42,405 | €0 | €1,286 | - | - |
| Other amounts receivable41 | - | - | - | €10,167 | €10,167 | = |
| Current investments50/53 | - | - | - | €400,000 | - | - |
| Cash at bank and in hand54/58 | €384,570 | €441,757 | €513,002 | €68,253 | €419,076 | ▲ 514% |
| Deferred charges and accrued income490/1 | - | €5,496 | €14,526 | €6,783 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €3.2m | €3.1m | €486,489 | €429,243 | ▼ 11.8% |
| Equity10/15 | -€1.4m | -€1.5m | -€1.6m | €475,081 | €429,243 | ▼ 9.6% |
| Contributions10/11 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | -€1.6m | -€1.7m | -€1.8m | €275,081 | €229,243 | ▼ 16.7% |
| Amounts payable17/49 | €4.7m | €4.7m | €4.6m | €11,408 | - | - |
| Amounts payable after more than one year17 | €4.5m | €4.5m | €4.5m | €0 | - | - |
| Financial debts170/4 | - | €4.5m | €4.5m | €0 | - | - |
| Amounts payable within one year42/48 | - | - | €4,101 | €11,408 | - | - |
| Trade debts44 | - | - | €4,101 | €11,408 | - | - |
| Suppliers440/4 | - | - | €4,101 | €11,408 | - | - |
| Accrued charges and deferred income492/3 | - | €124,059 | €88,534 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€98,201 | -€91,160 | -€82,367 | €2.1m | -€45,837 | ▼ 102% |
| + Depreciation and write-downs630 | €154,989 | €154,989 | €154,989 | €135,615 | - | - |
| Operating cash flow (approximation) | €56,788 | €63,829 | €72,621 | €2.2m | -€45,837 | ▼ 102% |
| Investment in fixed assets (approximation) | - | -€3,198 | -€3,326 | - | - | - |
| Change in cash | - | €57,186 | €71,246 | -€444,749 | €350,823 | ▲ 179% |
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
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €2.1m
Net result €2.1m after 5 loss-making years.
31-12
Financial
Equity above €200,000Eq €475,081
Equity rises from -€1.6m to €475,081.
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
07-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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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Structure & network
Part of the group
Curalia
10 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- Curalia
- MK DEVELOPMENT
Highest known parent: Curalia. The sources do not say who stands above it.
Owners 1
- CuraliaparentSourceown accounts 28-06-2024100%
Holdings 0
The accounts to 28-06-2024 list no holdings, and no other source names one.
According to the annual accounts to 28-06-2024 of MK DEVELOPMENT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.