MK PROJECTION
ActiveSummary
MK PROJECTION has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €144,416 and a net result of €30,251. Equity is growing by ~43.6% per year across the filed fiscal years. Its solvency ranks better than 62% of 36381 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▼-16
Solvency83▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.34 against 3.34 in 2023; short-term debt: 42.4% and cash: 28.9% of total assets), and 42.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
90 d late
2022
92 d late
2021
92 d late
2020
31 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 81 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
In the rankings
#10 company by equity in Bernissart, Construction sector
Equity
€144,416▲ 9.3%
2023 · €132,165
Total assets
€250,546▲ 34.0%
2023 · €187,008
Net result
€30,251▼ 50.9%
2023 · €61,553
Working capital
€141,704▲ 10.2%
2023 · €128,569
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€30,202€43,030▲ 42.5%€7,823▼ 81.8%€84,001▲ 974%€41,809▼ 50.2%
Net result€30,448above the sector's middle half€34,193above the sector's middle half▲ 12.3%€8,023within the sector's middle half▼ 76.5%€61,553above the sector's middle half▲ 667%€30,251above the sector's middle half▼ 50.9%
Equity€28,395within the sector's middle half€62,588within the sector's middle half▲ 120%€70,611within the sector's middle half▲ 12.8%€132,165above the sector's middle half▲ 87.2%€144,416above the sector's middle half▲ 9.3%
Total assets€299,797above the sector's middle half▲ 19.5%€354,033above the sector's middle half▲ 18.1%€343,494above the sector's middle half▼ 3.0%€187,008within the sector's middle half▼ 45.6%€250,546within the sector's middle half▲ 34.0%
Debt€271,402▲ 7.3%€291,445▲ 7.4%€272,883▼ 6.4%€54,843▼ 79.9%€106,130▲ 93.5%
Working capital€23,840within the sector's middle half€60,868within the sector's middle half▲ 155%€67,767within the sector's middle half▲ 11.3%€128,569above the sector's middle half▲ 89.7%€141,704above the sector's middle half▲ 10.2%
Solvency9.5%below the sector's middle half▲ 10.3pp17.7%below the sector's middle half▲ 8.2pp20.6%below the sector's middle half▲ 2.9pp70.7%above the sector's middle half▲ 50.1pp57.6%within the sector's middle half▼ 13.0pp
Current ratio1.09below the sector's middle half▲ 0.131.21within the sector's middle half▲ 0.121.25within the sector's middle half▲ 0.043.34above the sector's middle half▲ 2.102.34within the sector's middle half▼ 1.01
Return on assets (ROA)10.2%within the sector's middle half▲ 11.5pp9.7%within the sector's middle half▼ 0.5pp2.3%within the sector's middle half▼ 7.3pp32.9%above the sector's middle half▲ 30.6pp12.1%within the sector's middle half▼ 20.8pp
Staff (FTE)4.2above the sector's middle half▲ 13.5%5▲ 19.0%4.6▼ 8.0%2.8▼ 39.1%1.1▼ 60.7%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 falls in 2024; 2024 is 50% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €250,546
Fixed assets
€2,712 ▼ 24.6%
Current assets
€247,834 ▲ 35.1%
Equity and liabilities €250,546
Equity
€144,416 ▲ 9.3%
Debt
€106,130 ▲ 93.5%
Debt's share of the balance-sheet total rises from 29.3% to 42.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43,741▼
2023 · €85,908
Cash flow
€32,183▼
2023 · €63,461
Debt to equity
0.73▲
2023 · 0.41
ROE
20.9%▼
2023 · 46.6%
Interest coverage
215.61▼
2023 · 426.96
Debt ≤ 1 year
€106,130▲
2023 · €54,843
Income taxes
€11,355▼
2023 · €22,442
Staff costs
€48,951▼
2023 · €88,866
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.2% 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 497,338 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% | 1.9% |
| 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 34,696 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €111,248 | €121,223 | €88,866 | €48,951 | ▼ 44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,135 | €3,855 | €1,053 | €1,907 | €1,932 | ▲ 1.3% |
| Other operating charges640/8 | - | €1,486 | €2,205 | €401 | €1,387 | ▲ 246% |
| Gross operating margin9900 | €138,248 | €159,620 | €132,304 | €175,175 | €94,079 | ▼ 46.3% |
| Operating profit (loss)9901 | €30,202 | €43,030 | €7,823 | €84,001 | €41,809 | ▼ 50.2% |
| Financial income75/76B | - | €3,943 | €3,611 | €195 | €0 | ▼ 100.0% |
| Recurring financial income75 | €2,614 | €3,943 | €3,611 | €195 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €218 | €148 | €201 | €203 | ▲ 0.8% |
| Recurring financial charges65 | €249 | €218 | €148 | €201 | €203 | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | €32,567 | €46,755 | €11,286 | €83,995 | €41,606 | ▼ 50.5% |
| Income taxes67/77 | €2,119 | €12,562 | €3,263 | €22,442 | €11,355 | ▼ 49.4% |
| Profit (loss) for the period9904 | €30,448 | €34,193 | €8,023 | €61,553 | €30,251 | ▼ 50.9% |
| Profit (loss) for the period to be appropriated9905 | €30,448 | €34,193 | €8,023 | €61,553 | €30,251 | ▼ 50.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €299,797 | €354,033 | €343,494 | €187,008 | €250,546 | ▲ 34.0% |
| Fixed assets21/28 | €4,556 | €1,721 | €3,058 | €3,595 | €2,712 | ▼ 24.6% |
| Tangible fixed assets22/27 | €4,421 | €1,586 | €2,923 | €3,460 | €2,577 | ▼ 25.5% |
| Plant, machinery and equipment23 | - | €839 | €499 | €159 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €746 | €2,424 | €3,301 | €2,577 | ▼ 21.9% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €295,241 | €352,313 | €340,436 | €183,412 | €247,834 | ▲ 35.1% |
| Amounts receivable within one year40/41 | €248,943 | €293,760 | €298,490 | €106,267 | €175,482 | ▲ 65.1% |
| Trade receivables40 | - | €292,349 | €297,073 | €99,594 | €145,920 | ▲ 46.5% |
| Other amounts receivable41 | - | €1,411 | €1,417 | €6,673 | €29,562 | ▲ 343% |
| Cash at bank and in hand54/58 | €46,298 | €58,553 | €41,946 | €77,146 | €72,353 | ▼ 6.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €299,797 | €354,033 | €343,494 | €187,008 | €250,546 | ▲ 34.0% |
| Equity10/15 | €28,395 | €62,588 | €70,611 | €132,165 | €144,416 | ▲ 9.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €7,935 | €42,128 | €50,151 | €111,705 | €123,956 | ▲ 11.0% |
| Amounts payable17/49 | €271,402 | €291,445 | €272,883 | €54,843 | €106,130 | ▲ 93.5% |
| Amounts payable within one year42/48 | €271,402 | €291,445 | €272,669 | €54,843 | €106,130 | ▲ 93.5% |
| Trade debts44 | €21,987 | €26,033 | €6,580 | €15,543 | €30,008 | ▲ 93.1% |
| Suppliers440/4 | - | €26,033 | €6,580 | €15,543 | €30,008 | ▲ 93.1% |
| Advances received on contracts in progress46 | - | €228,350 | €228,350 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €32,295 | €37,419 | €39,264 | €52,870 | ▲ 34.7% |
| Taxes450/3 | - | €27,184 | €35,205 | €38,208 | €51,500 | ▲ 34.8% |
| Remuneration and social security454/9 | - | €5,111 | €2,214 | €1,056 | €1,371 | ▲ 29.8% |
| Other amounts payable47/48 | - | €4,767 | €320 | €37 | €23,252 | ▲ 63,258% |
| Accrued charges and deferred income492/3 | - | - | €214 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,448 | €34,193 | €8,023 | €61,553 | €30,251 | ▼ 50.9% |
| + Depreciation and write-downs630 | €4,135 | €3,855 | €1,053 | €1,907 | €1,932 | ▲ 1.3% |
| Operating cash flow (approximation) | €34,584 | €38,048 | €9,076 | €63,461 | €32,183 | ▼ 49.3% |
| Investment in fixed assets (approximation) | - | -€1,020 | -€2,391 | -€2,445 | -€1,049 | ▲ 57.1% |
| Change in cash | - | €12,255 | -€16,607 | €35,199 | -€4,793 | ▼ 114% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
31-12
Financial
Highest result since 2018net €61,553 ▲667%
Operating result €84,001, net result €61,553, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.34
Current ratio from 1.25 to 3.34; short-term debt falls from €272,669 to €54,843.
31-12
Financial
Equity above €100,000Eq €132,165 ▲87.2%
4 profitable years in a row build equity to €132,165.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €30,448
Net result €30,448 after one loss-making year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet -€3,480
Net result drops to -€3,480, the lowest in the series; recovery starts the following year.
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 55 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 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, Bernissart · 1 establishment unit since 2016
Ground area
1,139 m²
Building footprint
158 m²
Volume, LiDAR
988 m³
Parcel 51009B0692/00E002, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MK PROJECTION
since 20162.257.243.547
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51009B0692/00E002 | Wallonia | 1,139 m² | 1 · 158 m² | 8.2 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
J&S ECOBOUW
BE 0842.792.121
Riemst · Eq €145,414
EFC CONSULT
BE 0797.875.676
Charleroi · Eq €143,276
VP CONCEPT
BE 0564.779.035
Péruwelz · Eq €145,572
A.C.A. CONSTRUCTION - RENOVATION
BE 0440.183.030
Les Bons Villers · Eq €143,261
YFA
BE 0707.662.609
Brussel · Eq €145,661
Of 4,269 companies in sector 43230 we hold annual accounts for 1,241. 1,029 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 (pre-2019)
Founded30-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0655767708
Also
9925:BE0655767708
Registered
10-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.