MK Grondwerken
ActiveMK Grondwerken has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.04M and a net result of €317k. Equity is growing by ~67.8% per year across the filed fiscal years. Its solvency ranks better than 85% of 1630 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
93
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 4.81 against 2.99 in 2023), and 19.7% 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.
−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 33
Relative position
BE, all sectors
reference
Sector 33
higher
← 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 2024Solvency, return and age of the figures
Solvency
80.3%
Return on assets
24.5%
Age of the figures
20 mo
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 29-07-2025, 2 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
30 d early
2022
31 d early
2021
31 d late
2020
12 d late
2019
90 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€1.04M▲ 46.5%
2023 · €708k
2018: €44k
2019: €92k
2020: €161k
2021: €220k
2022: €386k
2023: €708k
2018 → 2024
Total assets
€1.29M▲ 9.2%
2023 · €1.18M
2018: €122k
2019: €193k
2020: €254k
2021: €362k
2022: €652k
2023: €1.18M
2018 → 2024
Net result
€317k▼ 1.4%
2023 · €322k
2018: €37k
2019: €49k
2020: €68k
2021: €59k
2022: €167k
2023: €322k
2018 → 2024
Working capital
€970k▲ 36.6%
2023 · €710k
2018: €12k
2019: €71k
2020: €143k
2021: €195k
2022: €344k
2023: €710k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€161k-€220k▲ 36.9%€386k▲ 75.8%€708k▲ 83.2%€1.04M▲ 46.5%
Operating result€87k-€78k▼ 10.5%€283k▲ 263%€443k▲ 56.3%€433k▼ 2.3%
Net result€68k-€59k▼ 13.3%€167k▲ 181%€322k▲ 93.0%€317k▼ 1.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 2% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.29M
Fixed assets
€68k▼ 42.1%
Current assets
€1.22M▲ 14.8%
Equity and liabilities €1.29M
Equity
€1.04M▲ 46.5%
Debt
€254k▼ 46.4%
The debt ratio falls from 40.1% to 19.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€487k▼
2023 · €494k
Cash flow
€371k▼
2023 · €372k
Solvency
80.3%▲
2023 · 59.9%
Current ratio
4.81▲
2023 · 2.99
Quick ratio
4.81▲
2023 · 2.99
Debt / equity
0.25▼
2023 · 0.67
ROE
30.6%▼
2023 · 45.4%
ROA
24.5%▼
2023 · 27.2%
Interest coverage
406.00▼
2023 · 2497.40
Debt
€254k▼
2023 · €475k
Debt ≤ 1 year
€254k▼
2023 · €356k
Income taxes
€115k▼
2023 · €121k
Staff costs
€122k▲
2023 · €89k
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€1.18M€1.29M▲
Fixed assets21/28€117k€68k▼
Tangible fixed assets22/27€115k€66k▼
Plant, machinery and equipment23€37k€26k▼
Furniture and vehicles24€79k€40k▼
Financial fixed assets28€1k€1k=
Current assets29/58€1.07M€1.22M▲
Amounts receivable within one year40/41€128k€5k▼
Trade receivables40€120k-
Other amounts receivable41€9k€5k▼
Cash at bank and in hand54/58€938k€1.22M▲
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.29M▲
Equity10/15€708k€1.04M▲
Contributions10/11€6k€19k▲
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€700k€1.02M▲
Amounts payable17/49€475k€254k▼
Amounts payable within one year42/48€356k€254k▼
Trade debts44€120k€41k▼
Suppliers440/4€120k€41k▼
Taxes, remuneration and social security45€162k€212k▲
Taxes450/3€162k€204k▲
Remuneration and social security454/9-€8k
Other amounts payable47/48€75k€768▼
Accrued charges and deferred income492/3€119k-
Income statement
Code20232024
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€89k€122k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€54k▲
Other operating charges640/8€4k€6k▲
Non-recurring operating charges66A€588€15k▲
Gross operating margin9900€588k€630k▲
Operating profit (loss)9901€443k€433k▼
Financial income75/76B€5€3▼
Recurring financial income75€5€3▼
Non-recurring financial income76B€5-
Financial charges65/66B€198€1k▲
Recurring financial charges65€198€1k▲
Non-recurring financial charges66B€198-
Profit (loss) for the period before taxes9903€443k€432k▼
Income taxes67/77€121k€115k▼
Profit (loss) for the period9904€322k€317k▼
Profit (loss) for the period to be appropriated9905€322k€317k▼
Appropriation of the result
Profit (loss) to be appropriated9906€700k€1.02M▲
Profit (loss) brought forward from the previous period14P€378k€700k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €1MEq €1.04M ▲46.5%
7 profitable years in a row build equity to €1.04M.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €322k ▲93%
Operating result €443k, net result €322k, both a record.
31-12
Financial
Equity above €500kEq €708k ▲83.2%
6 profitable years in a row build equity to €708k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €200kEq €220k ▲36.9%
4 profitable years in a row build equity to €220k.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Equity above €150kEq €161k ▲74%
3 profitable years in a row build equity to €161k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
09-05-2025
Resigned as Director
Location & real-estate footprint
Registered office, Ranst · 1 establishment unit since 2017
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.
Nieuwelaan 552520 RanstGround area
396 m²
Building footprint
118 m²
Volume, LiDAR
555 m³
Parcel 11031A0464/00G000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MK Grondwerken
since 20172.270.471.773
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11031A0464/00G000 | Flanders | 396 m² | 1 · 118 m² | 8.0 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.
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Of 642 companies in sector 33140 we hold annual accounts for 199. 66 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-10-2017
Fiscal year end31-12
Activities, NACEBEL
33140Repair and maintenance of electrical equipment
43120Site preparation
42110Construction of roads and motorways
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.