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Mk-electro

Active
Private limited companyfounded 20232 yrs activeGodfried van Bouillonstraat 66, 1210 Sint-Joost-ten-Node, BelgiumKBO/BCE: BE 1001.390.782
Summary

The computed 12-month bankruptcy probability of Mk-electro is 3.9% (moderate). The 2025 annual accounts show equity of €47,252 and a net result of €5,998. Equity is growing by ~40.5% per year across the filed fiscal years. Its solvency ranks better than 57% of 28184 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability77▼-23
Solvency78▲+7
Growth52▼-26
Track record82
Bankruptcy probability, 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.39 against 2.68 in 2024; short-term debt: 23.8% and cash: 26.7% of total assets), and 47.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
52.9%
Return on assets
6.7%
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 26-08-2026, 26 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 · 3 filings
Deviation from the deadline
2025
26 d late
2024
26 d early
2023
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 9 days after 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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 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

History

Mk-electro was incorporated on 19 October 2023 as a Private limited company.1 Total assets rose from EUR 19,744 in 2023 to EUR 89,249 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€47,252▲ 14.5%
2024 · €41,253
Total assets
€89,249▼ 0.4%
2024 · €89,635
Net result
€5,998▼ 78.1%
2024 · €27,378
Working capital
€29,421▼ 6.5%
2024 · €31,452
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
Line202320242025
Operating result€13,594-€35,797▲ 163%€11,741▼ 67.2%
Net result€10,875-€27,378▲ 152%€5,998▼ 78.1%
Equity€13,875-€41,253▲ 197%€47,252▲ 14.5%
Total assets€19,744-€89,635▲ 354%€89,249▼ 0.4%
Debt€5,869-€48,382▲ 724%€41,997▼ 13.2%
Working capital€13,875-€31,452▲ 127%€29,421▼ 6.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000€40,000Operating result 2023: €13,594€13,594Net result 2023: €10,875€10,875Operating result 2024: €35,797€35,797Net result 2024: €27,378€27,378Operating result 2025: €11,741€11,741Net result 2025: €5,998€5,998202320242025€0€10,000€20,000€30,000€40,000Operating result 2023: €13,594€13,600Net result 2023: €10,875€10,900Operating result 2024: €35,797€35,800Net result 2024: €27,378€27,400Operating result 2025: €11,741€11,700Net result 2025: €5,998€6,000202320242025
The operating result falls in 2025; 2025 is 67% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89,249
Fixed assets €38,618 ▼ 2.3%
Current assets €50,631 ▲ 1.0%
Equity and liabilities €89,249
Equity €47,252 ▲ 14.5%
Debt €41,997 ▼ 13.2%
Debt's share of the balance-sheet total falls from 54.0% to 47.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€26,531▼
2024 · €41,689
Cash flow
€20,789▼
2024 · €33,270
Current ratio
2.39▼
2024 · 2.68
Debt to equity
0.89▼
2024 · 1.17
ROE
12.7%▼
2024 · 66.4%
ROA
6.7%▼
2024 · 30.5%
Interest coverage
9.20▼
2024 · 25.56
Debt ≤ 1 year
€21,210▲
2024 · €18,676
Debt > 1 year
€20,788▼
2024 · €29,706
Income taxes
€2,886▼
2024 · €7,030
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 39,275 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€89,635€89,249▼
Fixed assets21/28€39,508€38,618▼
Tangible fixed assets22/27€39,508€38,618▼
Furniture and vehicles24€39,508€38,618▼
Current assets29/58€50,127€50,631▲
Amounts receivable within one year40/41€22,390€25,332▲
Trade receivables40€22,000€23,440▲
Other amounts receivable41€390€1,892▲
Cash at bank and in hand54/58€26,669€23,811▼
Deferred charges and accrued income490/1€1,068€1,488▲
Equity and liabilities
Total equity and liabilities10/49€89,635€89,249▼
Equity10/15€41,253€47,252▲
Contributions10/11€3,000€3,000=
Reserves13€38,253€44,252▲
Distributable reserves133€38,253€44,252▲
Amounts payable17/49€48,382€41,997▼
Amounts payable after more than one year17€29,706€20,788▼
Financial debts170/4€29,706€20,788▼
Amounts payable within one year42/48€18,676€21,210▲
Financial debts43€10,627€18,321▲
Credit institutions430/8€10,627€18,321▲
Taxes, remuneration and social security45€7,030€2,888▼
Taxes450/3€7,030€2,888▼
Other amounts payable47/48€1,019-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,892€14,790▲
Other operating charges640/8€4,606€1,898▼
Gross operating margin9900€46,295€28,429▼
Operating profit (loss)9901€35,797€11,741▼
Financial income75/76B€242€27▼
Recurring financial income75€242€27▼
Financial charges65/66B€1,631€2,884▲
Recurring financial charges65€1,631€2,884▲
Profit (loss) for the period before taxes9903€34,408€8,884▼
Income taxes67/77€7,030€2,886▼
Profit (loss) for the period9904€27,378€5,998▼
Profit (loss) for the period to be appropriated9905€27,378€5,998▼
Appropriation of the result
Profit (loss) to be appropriated9906€38,253€5,998▼
Profit (loss) brought forward from the previous period14P€10,875-
Transfer to equity691/2€38,253€5,998▼
To other reserves6921€38,253€5,998▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€5,892€14,790▲ 151%
Other operating charges640/8-€4,606€1,898▼ 58.8%
Gross operating margin9900€13,594€46,295€28,429▼ 38.6%
Operating profit (loss)9901€13,594€35,797€11,741▼ 67.2%
Financial income75/76B€0€242€27▼ 89.0%
Recurring financial income75€0€242€27▼ 89.0%
Financial charges65/66B-€1,631€2,884▲ 76.8%
Recurring financial charges65-€1,631€2,884▲ 76.8%
Profit (loss) for the period before taxes9903€13,594€34,408€8,884▼ 74.2%
Income taxes67/77€2,719€7,030€2,886▼ 59.0%
Profit (loss) for the period9904€10,875€27,378€5,998▼ 78.1%
Profit (loss) for the period to be appropriated9905€10,875€27,378€5,998▼ 78.1%
Line202320242025Change
Assets
Total assets20/58€19,744€89,635€89,249▼ 0.4%
Fixed assets21/28-€39,508€38,618▼ 2.3%
Tangible fixed assets22/27-€39,508€38,618▼ 2.3%
Furniture and vehicles24-€39,508€38,618▼ 2.3%
Current assets29/58€19,744€50,127€50,631▲ 1.0%
Amounts receivable within one year40/41€15,641€22,390€25,332▲ 13.1%
Trade receivables40€15,547€22,000€23,440▲ 6.5%
Other amounts receivable41€94€390€1,892▲ 385%
Cash at bank and in hand54/58€4,103€26,669€23,811▼ 10.7%
Deferred charges and accrued income490/1-€1,068€1,488▲ 39.3%
Equity and liabilities
Total equity and liabilities10/49€19,744€89,635€89,249▼ 0.4%
Equity10/15€13,875€41,253€47,252▲ 14.5%
Contributions10/11€3,000€3,000€3,000=
Reserves13-€38,253€44,252▲ 15.7%
Distributable reserves133-€38,253€44,252▲ 15.7%
Profit (loss) carried forward14€10,875---
Amounts payable17/49€5,869€48,382€41,997▼ 13.2%
Amounts payable after more than one year17-€29,706€20,788▼ 30.0%
Financial debts170/4-€29,706€20,788▼ 30.0%
Amounts payable within one year42/48€5,869€18,676€21,210▲ 13.6%
Financial debts43-€10,627€18,321▲ 72.4%
Credit institutions430/8-€10,627€18,321▲ 72.4%
Taxes, remuneration and social security45€4,469€7,030€2,888▼ 58.9%
Taxes450/3€2,719€7,030€2,888▼ 58.9%
Remuneration and social security454/9€1,750---
Other amounts payable47/48€1,400€1,019--
Line202320242025Change
Profit (loss) for the period9904€10,875€27,378€5,998▼ 78.1%
+ Depreciation and write-downs630-€5,892€14,790▲ 151%
Operating cash flow (approximation)€10,875€33,270€20,789▼ 37.5%
Investment in fixed assets (approximation)---€13,900-
Change in cash-€22,566-€2,858▼ 113%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial Weakest financial yearnet €5,998 ▼78.1%
Net result drops to €5,998, the lowest in the series.
05-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2023net €27,378 ▲152%
Operating result €35,797, net result €27,378, both a record.
28-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 28 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.

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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, Sint-Joost-ten-Node · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
81 m²
Building footprint
82 m²
Volume, LiDAR
902 m³
Parcel 21014A0306/02R000, Brussels · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Mk-electro
Godfried van Bouillonstraat 66, 1210 Sint-Joost-ten-NodeGeneral electrical installation work
since 20232.352.133.402
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21014A0306/02R000 Brussels 81 m² 1 · 82 m² 16.2 m · 5 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

Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,519 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
Founded19-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
41001General construction of residential buildings
43212Electrical installation work in industrial facilities
43240Other construction installation
43350Other building finishing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1001390782
Registered 23-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.