Equity
€181,103 ▲ 71.7%
Equity rose in 2025 from €105,473 to €181,103.
MK Projects
Lifetime
5 annual accounts with figures on one time axispeak €217,214 (2025)
€217,214▲ 8.1%
peak €75,630 (2025)
€75,630▲ 69.3%
peak €181,103 (2025)
€181,103▲ 71.7%
€549,946▲ 22.7%
Board2 names since 2020
1 directorBÖLÜKBAS Muhammed
Documentsfilings and deeds
28-07-20263 days before the deadline
2025micro format
Result from €44,668 to €75,630Resignation: Kizilkaya Kürsat (director) 12-12Equity from €105,473 to €181,103Debts from €448,386 to €549,946Cash from €103,262 to €38,649
Key points
from the 2025 annual accountsDebts
€549,946 75% of the balance sheet
Financial debts 6%Suppliers 84%Taxes and wages 9%Other 1%
Of this, €518,741 falls due within a year.
Staff
3 employees on 31-12-2025
In 2025, 1 person joined and 1 left.
Filings
5 annual accounts 4 late
The 2022 accounts came latest: 168 days after the end of the period.
Board
1 left
A director left. Latest change 12-12-2025 · 1 in office.
Position in the sector
€75,630
Higher net result than 92% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Checked score
68
Healthy
Financially stronger than 47% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.2%
01-2025: 2.1%▼ -0.1 percentage points vs 12-2024
02-2025: 2.2%▲ +0.1 percentage points vs 01-2025
03-2025: 2.2%● unchanged vs 02-2025
04-2025: 2.2%● unchanged vs 03-2025
05-2025: 2.3%▲ +0.1 percentage points vs 04-2025
06-2025: 2.3%● unchanged vs 05-2025
07-2025: 2.4%▲ +0.1 percentage points vs 06-2025
08-2025: 3.0%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 0.9%▼ -2.1 percentage points vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 1.0%▲ +0.1 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 0.9%▼ -0.1 percentage points vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.8%▼ -0.1 percentage points vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
1 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
Founded in 2020
lowers risk
Size: total assets €731,050
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 26% of them on solvency, 10% on liquidity, 63% on profitability and 88% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as MK Projects has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MK Projects itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for MK Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.37 (1.32 in 2024), below the usual 1.5. Short-term debt is 71% and cash 5.3% of total assets. 75.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 days early
2024
31 days late
2023
16 days late
2022
168 days late
2021
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 48 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- KIZILKAYA Kürsat 50 sharesdeed of 02-09-2020
- BÖLÜKBAS Muhammed 50 sharesdeed of 02-09-2020
Recent changes
Resignation: Kizilkaya Kürsat (director)
Director discharge: Kizilkaya Kürsat · General meeting of 28-11-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0753495010
Registered office moved within Maasmechelen
New registered office: Bevrijdingslaan 7 3630 Maasmechelen · Previous registered office: Heirstraat 307 3630 Maasmechelen · General meeting of 22-06-2022 · Gazette deed
First establishment
Bevrijdingslaan 7, Maasmechelen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MK Projects Maasmechelen | €731,050 | €217,214 | 24.8% | - |
| ELEC.RIGO Bilzen-Hoeselt | €650,627 | €211,725 | 43.5% | - |
| BELMATIC Tielt | €755,960 | €207,767 | 20.4% | 2.5 |
| VDM-T Izegem | €729,832 | €214,501 | 72.7% | - |
| DEB-CO Zwevegem | €690,591 | €232,469 | 89.7% | - |
| Karweiwerken Pieter Tips Balen | €654,402 | €234,956 | 66.3% | 1.9 |
| B.PRO-TEC Hotton | €765,840 | €188,080 | 10.5% | - |
These companies have the same main activity as MK Projects: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €651,000 and €766,000, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 31-08-2020Normal situation
- Activity
- General electrical installation workNACE 43211and 5 others
- Establishment unit
- 2.306.613.2803630 Maasmechelen, since 07-09-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 06-12-2025
Annual accounts 2025
- ≈ €650,000estimated
- €731,050▲ 32.0%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on MK Projects
MK Projects files the micro format. That format states no turnover. The gross margin rose from €6,970 in 2021 to €217,214 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MK Projects
- What is the company number of MK Projects?
- The company number of MK Projects is 0753.495.010. The VAT number is the same number with BE in front: BE 0753.495.010.
- Where is MK Projects based?
- The registered office is at Bevrijdingslaan 7, 3630 Maasmechelen.Company details
- What does MK Projects do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of MK Projects?
- MK Projects is a private limited company (BV).
- When was MK Projects founded?
- MK Projects was founded on 31-08-2020.
- Is MK Projects still active?
- Yes, MK Projects is an active enterprise in the KBO register.
- How many employees does MK Projects have?
- MK Projects had an average of 2.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MK Projects?
- The turnover in financial year 2025 is ≈ €650,000. This figure is estimated from the gross margin of €217,214 and 38 comparable companies (NACE 43211). It probably lies between €440,000 and €790,000.
- Is MK Projects profitable?
- In financial year 2025, MK Projects made a profit of €75,630.
- Where can I find the annual accounts of MK Projects?
- MK Projects filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MK Projects due?
- MK Projects must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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