MK HOLDING
ActiveSummary
MK HOLDING has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233,058 and a net result of -€32,062. Equity is growing by ~21.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 14462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-95
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 5.57 against 9.18 in 2024; short-term debt: 17.9% and cash: 0% of total assets), and 20.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-08-2026, 8 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 · 7 filingsDeviation from the deadline
2025
8 d late
2024
28 d late
2023
21 d early
2022
29 d late
2021
19 d early
2020
4 d early
2019
12 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 1 day after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 8 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€233,058▼ 12.1%
2024 · €265,120
Total assets
€291,577▼ 7.7%
2024 · €316,048
Net result
-€32,062
2024 · €95,669
Working capital
€238,956▼ 14.8%
2024 · €280,557
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€37,002▼ 39.8%€63,457▲ 71.5%€25,543▼ 59.7%€46,889▲ 83.6%-€44,895
Net result€24,646within the sector's middle half▼ 46.0%€53,085above the sector's middle half▲ 115%€13,265within the sector's middle half▼ 75.0%€95,669above the sector's middle half▲ 621%-€32,062below the sector's middle half
Equity€103,101within the sector's middle half▲ 31.4%€156,186within the sector's middle half▲ 51.5%€169,451within the sector's middle half▲ 8.5%€265,120within the sector's middle half▲ 56.5%€233,058within the sector's middle half▼ 12.1%
Total assets€211,536within the sector's middle half▲ 3.6%€296,737within the sector's middle half▲ 40.3%€287,617within the sector's middle half▼ 3.1%€316,048within the sector's middle half▲ 9.9%€291,577within the sector's middle half▼ 7.7%
Debt€108,435▼ 13.7%€140,551▲ 29.6%€118,166▼ 15.9%€50,929▼ 56.9%€58,519▲ 14.9%
Working capital-€32,602within the sector's middle half▲ 29.0%-€30,506within the sector's middle half▲ 6.4%-€38,489within the sector's middle half▼ 26.2%€280,557above the sector's middle half€238,956above the sector's middle half▼ 14.8%
Solvency48.7%within the sector's middle half▲ 10.3pp52.6%within the sector's middle half▲ 3.9pp58.9%within the sector's middle half▲ 6.3pp83.9%above the sector's middle half▲ 25.0pp79.9%above the sector's middle half▼ 4.0pp
Current ratio0.35below the sector's middle half▲ 0.210.48within the sector's middle half▲ 0.140.37below the sector's middle half▼ 0.129.18above the sector's middle half▲ 8.825.57above the sector's middle half▼ 3.61
Return on assets (ROA)11.7%above the sector's middle half▼ 10.7pp17.9%above the sector's middle half▲ 6.2pp4.6%within the sector's middle half▼ 13.3pp30.3%above the sector's middle half▲ 25.7pp-11.0%below the sector's middle half▼ 41.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €44,895 after €46,889 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €291,577
Fixed assets
€321 ▼ 73.2%
Current assets
€291,256 ▼ 7.5%
Equity and liabilities €291,577
Equity
€233,058 ▼ 12.1%
Debt
€58,519 ▲ 14.9%
Debt's share of the balance-sheet total rises from 16.1% to 20.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€44,017▼
2024 · €47,909
Cash flow
-€31,184▼
2024 · €96,688
Debt to equity
0.25▲
2024 · 0.19
ROE
-13.8%▼
2024 · 36.1%
Interest coverage
-35.48▼
2024 · 19.20
Debt ≤ 1 year
€52,299▲
2024 · €34,292
Debt > 1 year
€6,220▼
2024 · €16,637
Income taxes
€395▼
2024 · €11,802
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,592 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €888 | €1,247 | €1,020 | €878 | ▼ 13.9% |
| Other operating charges640/8 | €410 | €409 | €446 | €984 | €462 | ▼ 53.1% |
| Gross operating margin9900 | €37,412 | €64,754 | €27,236 | €48,893 | -€43,555 | ▼ 189% |
| Operating profit (loss)9901 | €37,002 | €63,457 | €25,543 | €46,889 | -€44,895 | ▼ 196% |
| Financial income75/76B | €2,312 | €6,135 | - | €63,076 | €14,469 | ▼ 77.1% |
| Recurring financial income75 | €2,312 | €6,135 | - | €63,076 | €14,469 | ▼ 77.1% |
| Non-recurring financial income76B | - | - | - | €63,076 | - | - |
| Financial charges65/66B | €903 | €2,022 | €2,084 | €2,495 | €1,241 | ▼ 50.3% |
| Recurring financial charges65 | €903 | €2,022 | €2,084 | €2,495 | €1,241 | ▼ 50.3% |
| Profit (loss) for the period before taxes9903 | €38,412 | €67,569 | €23,458 | €107,470 | -€31,666 | ▼ 129% |
| Income taxes67/77 | €13,766 | €14,484 | €10,194 | €11,802 | €395 | ▼ 96.7% |
| Profit (loss) for the period9904 | €24,646 | €53,085 | €13,265 | €95,669 | -€32,062 | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | €24,646 | €53,085 | €13,265 | €95,669 | -€32,062 | ▼ 134% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211,536 | €296,737 | €287,617 | €316,048 | €291,577 | ▼ 7.7% |
| Fixed assets21/28 | €194,337 | €268,021 | €265,449 | €1,199 | €321 | ▼ 73.2% |
| Tangible fixed assets22/27 | - | €7,531 | €4,959 | €1,199 | €321 | ▼ 73.2% |
| Plant, machinery and equipment23 | - | - | €2,741 | - | - | - |
| Furniture and vehicles24 | - | €7,531 | €2,218 | €1,199 | €321 | ▼ 73.2% |
| Financial fixed assets28 | €194,337 | €260,490 | €260,490 | - | - | - |
| Current assets29/58 | €17,199 | €28,716 | €22,168 | €314,850 | €291,256 | ▼ 7.5% |
| Amounts receivable after more than one year29 | - | - | - | €273,279 | €260,714 | ▼ 4.6% |
| Other amounts receivable291 | - | - | - | €273,279 | €260,714 | ▼ 4.6% |
| Amounts receivable within one year40/41 | €3,657 | €5,000 | €5,000 | - | - | - |
| Trade receivables40 | €3,657 | €5,000 | €5,000 | - | - | - |
| Cash at bank and in hand54/58 | €13,542 | €23,716 | €15,239 | €2,583 | €52 | ▼ 98.0% |
| Deferred charges and accrued income490/1 | - | - | €1,928 | €38,987 | €30,490 | ▼ 21.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211,536 | €296,737 | €287,617 | €316,048 | €291,577 | ▼ 7.7% |
| Equity10/15 | €103,101 | €156,186 | €169,451 | €265,120 | €233,058 | ▼ 12.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,329 | €1,329 | €1,329 | €1,329 | €1,329 | = |
| Non-distributable reserves130/1 | €1,329 | €1,329 | - | - | - | - |
| Reserves not available under the articles1311 | €1,329 | €1,329 | - | - | - | - |
| Distributable reserves133 | - | - | €1,329 | €1,329 | €1,329 | = |
| Profit (loss) carried forward14 | €95,572 | €148,657 | €161,922 | €257,590 | €225,528 | ▼ 12.4% |
| Amounts payable17/49 | €108,435 | €140,551 | €118,166 | €50,929 | €58,519 | ▲ 14.9% |
| Amounts payable after more than one year17 | €58,634 | €81,328 | €57,509 | €16,637 | €6,220 | ▼ 62.6% |
| Financial debts170/4 | €58,634 | €81,328 | €57,509 | €16,637 | €6,220 | ▼ 62.6% |
| Amounts payable within one year42/48 | €49,801 | €59,222 | €60,657 | €34,292 | €52,299 | ▲ 52.5% |
| Current portion of amounts payable after more than one year42 | €13,757 | €23,416 | €41,373 | €10,116 | €10,417 | ▲ 3.0% |
| Financial debts43 | - | - | - | - | €4,977 | - |
| Credit institutions430/8 | - | - | - | - | €4,977 | - |
| Trade debts44 | - | €10,483 | €1,928 | €2,010 | €4,107 | ▲ 104% |
| Suppliers440/4 | - | €10,483 | €1,928 | €2,010 | €4,107 | ▲ 104% |
| Advances received on contracts in progress46 | - | - | €1,000 | - | - | - |
| Taxes, remuneration and social security45 | €29,000 | €20,500 | €10,025 | €21,933 | €12,564 | ▼ 42.7% |
| Taxes450/3 | €29,000 | €20,500 | €10,025 | €21,933 | €12,564 | ▼ 42.7% |
| Other amounts payable47/48 | €7,045 | €4,823 | €6,331 | €234 | €20,234 | ▲ 8,565% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,646 | €53,085 | €13,265 | €95,669 | -€32,062 | ▼ 134% |
| + Depreciation and write-downs630 | - | €888 | €1,247 | €1,020 | €878 | ▼ 13.9% |
| Operating cash flow (approximation) | €24,646 | €53,974 | €14,512 | €96,688 | -€31,184 | ▼ 132% |
| Investment in fixed assets (approximation) | - | -€74,573 | €1,325 | €263,231 | €0 | ▼ 100% |
| Change in cash | - | €10,174 | -€8,477 | -€12,656 | -€2,531 | ▲ 80.0% |
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
08-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 8 days late
2025
31-12
Financial
Weakest financial yearnet -€32,062
Net result drops to -€32,062, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2019net €95,669 ▲621%
Net result €95,669, the highest in the series.
31-12
Financial
Liquidity times 25current ratio 9.18
Current ratio from 0.37 to 9.18; short-term debt falls from €60,657 to €34,292.
31-12
Financial
Equity above €200,000Eq €265,120 ▲56.5%
6 profitable years in a row build equity to €265,120.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Equity above €150,000Eq €156,186 ▲51.5%
4 profitable years in a row build equity to €156,186.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €103,101 ▲31.4%
3 profitable years in a row build equity to €103,101.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Maasmechelen · 1 establishment unit since 2018
Ground area
2,222 m²
Building footprint
975 m²
Volume, LiDAR
5,040 m³
Parcel 73048E0931/00A024, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MK HOLDING
since 20182.277.262.565
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048E0931/00A024 | Flanders | 2,222 m² | 1 · 975 m² | 10.0 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 12,040 companies in this sector we hold annual accounts for 6,007. 4,319 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded07-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
56210Event catering
77223Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0695753779
Also
9925:BE0695753779
Registered
26-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.