MK Projects
ActiveSummary
MK Projects has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €31,318 and a net result of €12,725. Its solvency ranks better than 33% of 19364 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▼-14
Solvency37▲+3
Growth52
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.23 in 2023; short-term debt: 31.5% and cash: 0.2% of total assets), and 88.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
11.6%
Return on assets
4.7%
Age of the figures
21 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 26-06-2025, 35 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 33 days before 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€31,318▲ 68.4%
2023 · €18,593
Total assets
€269,143▲ 28.0%
2023 · €210,325
Net result
€12,725▼ 25.6%
2023 · €17,093
Working capital
-€74,448▼ 17.1%
2023 · -€63,555
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
Line20232024
Operating result€26,599-€25,980▼ 2.3%
Net result€17,093-€12,725▼ 25.6%
Equity€18,593-€31,318▲ 68.4%
Total assets€210,325-€269,143▲ 28.0%
Debt€191,732-€237,825▲ 24.0%
Working capital-€63,555--€74,448▼ 17.1%
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 €269,143
Fixed assets
€258,925 ▲ 35.1%
Current assets
€10,218 ▼ 45.2%
Equity and liabilities €269,143
Equity
€31,318 ▲ 68.4%
Debt
€237,825 ▲ 24.0%
Debt's share of the balance-sheet total falls from 91.2% to 88.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44,803▲
2023 · €42,972
Cash flow
€31,548▼
2023 · €33,465
Current ratio
0.12▼
2023 · 0.23
Debt to equity
7.59▼
2023 · 10.31
ROE
40.6%▼
2023 · 91.9%
ROA
4.7%▼
2023 · 8.1%
Interest coverage
4.84▼
2023 · 18.13
Debt ≤ 1 year
€84,666▲
2023 · €82,196
Debt > 1 year
€153,159▲
2023 · €107,205
Income taxes
€4,073▼
2023 · €7,175
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,373 | €18,823 | ▲ 15.0% |
| Other operating charges640/8 | €2,904 | €5,882 | ▲ 103% |
| Gross operating margin9900 | €45,875 | €50,685 | ▲ 10.5% |
| Operating profit (loss)9901 | €26,599 | €25,980 | ▼ 2.3% |
| Financial income75/76B | €39 | €71 | ▲ 81.0% |
| Recurring financial income75 | €39 | €71 | ▲ 81.0% |
| Financial charges65/66B | €2,370 | €9,252 | ▲ 290% |
| Recurring financial charges65 | €2,370 | €9,252 | ▲ 290% |
| Profit (loss) for the period before taxes9903 | €24,268 | €16,798 | ▼ 30.8% |
| Income taxes67/77 | €7,175 | €4,073 | ▼ 43.2% |
| Profit (loss) for the period9904 | €17,093 | €12,725 | ▼ 25.6% |
| Profit (loss) for the period to be appropriated9905 | €17,093 | €12,725 | ▼ 25.6% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €210,325 | €269,143 | ▲ 28.0% |
| Fixed assets21/28 | €191,685 | €258,925 | ▲ 35.1% |
| Tangible fixed assets22/27 | €191,685 | €258,925 | ▲ 35.1% |
| Land and buildings22 | €168,425 | €168,425 | = |
| Plant, machinery and equipment23 | €2,472 | €2,474 | ▲ 0.1% |
| Furniture and vehicles24 | €8,181 | €4,348 | ▼ 46.9% |
| Leasing and similar rights25 | €12,606 | €83,678 | ▲ 564% |
| Current assets29/58 | €18,640 | €10,218 | ▼ 45.2% |
| Amounts receivable within one year40/41 | €4,630 | €7,745 | ▲ 67.3% |
| Trade receivables40 | €4,436 | - | - |
| Other amounts receivable41 | €194 | €7,745 | ▲ 3,888% |
| Cash at bank and in hand54/58 | €3,415 | €513 | ▼ 85.0% |
| Deferred charges and accrued income490/1 | €10,595 | €1,960 | ▼ 81.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €210,325 | €269,143 | ▲ 28.0% |
| Equity10/15 | €18,593 | €31,318 | ▲ 68.4% |
| Contributions10/11 | €1,500 | €1,500 | = |
| Reserves13 | €17,093 | €29,818 | ▲ 74.4% |
| Distributable reserves133 | €17,093 | €29,818 | ▲ 74.4% |
| Amounts payable17/49 | €191,732 | €237,825 | ▲ 24.0% |
| Amounts payable after more than one year17 | €107,205 | €153,159 | ▲ 42.9% |
| Financial debts170/4 | €107,205 | €153,159 | ▲ 42.9% |
| Amounts payable within one year42/48 | €82,196 | €84,666 | ▲ 3.0% |
| Current portion of amounts payable after more than one year42 | €22,359 | €25,977 | ▲ 16.2% |
| Trade debts44 | €7,715 | €9,974 | ▲ 29.3% |
| Suppliers440/4 | €7,715 | €9,974 | ▲ 29.3% |
| Taxes, remuneration and social security45 | €12,567 | €11,270 | ▼ 10.3% |
| Taxes450/3 | €12,567 | €11,270 | ▼ 10.3% |
| Other amounts payable47/48 | €39,554 | €37,446 | ▼ 5.3% |
| Accrued charges and deferred income492/3 | €2,332 | - | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €17,093 | €12,725 | ▼ 25.6% |
| + Depreciation and write-downs630 | €16,373 | €18,823 | ▲ 15.0% |
| Operating cash flow (approximation) | €33,465 | €31,548 | ▼ 5.7% |
| Investment in fixed assets (approximation) | - | -€86,063 | - |
| Change in cash | - | -€2,902 | - |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
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, Tielt-Winge · 1 establishment unit since 2022
Ground area
1,150 m²
Building footprint
186 m²
Volume, LiDAR
1,565 m³
Parcel 24106D0276/00F000, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MK Projects
since 20222.336.606.769
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24106D0276/00F000 | Flanders | 1,150 m² | 1 · 186 m² | 12.8 m · 3 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 9,698 companies in sector 68121 we hold annual accounts for 7,385. 4,583 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
Founded06-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.