MK Projects
ActiveSummary
MK Projects has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24,563 and a net result of -€6,755. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 47% of 17,080 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €24,563
- Loss
- -€6,755
Why 89raises riskLoss of €6,755 (financial year 2025)lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 0.76, cash €25,680Size: total assets €98,919Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 45% on solvency, 76% on liquidity, 32% on profitability and 20% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 3 accounts on average 34 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€6,755
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result has fallen two years in a row; 2025 is 88% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,271 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,271 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,373 | €18,823 | €24,019 | ▲ 27.6% |
| Other operating charges640/8 | €2,904 | €5,882 | €3,668 | ▼ 37.6% |
| Gross operating margin9900 | €45,875 | €50,685 | €30,807 | ▼ 39.2% |
| Operating profit (loss)9901 | €26,599 | €25,980 | €3,120 | ▼ 88.0% |
| Financial income75/76B | €39 | €71 | €115 | ▲ 61.8% |
| Recurring financial income75 | €39 | €71 | €115 | ▲ 61.8% |
| Financial charges65/66B | €2,370 | €9,252 | €8,463 | ▼ 8.5% |
| Recurring financial charges65 | €2,370 | €9,252 | €8,463 | ▼ 8.5% |
| Profit (loss) for the period before taxes9903 | €24,268 | €16,798 | -€5,228 | - |
| Income taxes67/77 | €7,175 | €4,073 | €1,527 | ▼ 62.5% |
| Profit (loss) for the period9904 | €17,093 | €12,725 | -€6,755 | - |
| Profit (loss) for the period to be appropriated9905 | €17,093 | €12,725 | -€6,755 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €210,325 | €269,143 | €98,919 | ▼ 63.2% |
| Fixed assets21/28 | €191,685 | €258,925 | €69,441 | ▼ 73.2% |
| Tangible fixed assets22/27 | €191,685 | €258,925 | €67,441 | ▼ 74.0% |
| Land and buildings22 | €168,425 | €168,425 | - | - |
| Plant, machinery and equipment23 | €2,472 | €2,474 | €2,805 | ▲ 13.4% |
| Furniture and vehicles24 | €8,181 | €4,348 | €515 | ▼ 88.2% |
| Leasing and similar rights25 | €12,606 | €83,678 | €64,121 | ▼ 23.4% |
| Financial fixed assets28 | - | - | €2,000 | - |
| Current assets29/58 | €18,640 | €10,218 | €29,479 | ▲ 188% |
| Amounts receivable within one year40/41 | €4,630 | €7,745 | €593 | ▼ 92.3% |
| Trade receivables40 | €4,436 | - | €193 | - |
| Other amounts receivable41 | €194 | €7,745 | €400 | ▼ 94.8% |
| Cash at bank and in hand54/58 | €3,415 | €513 | €25,680 | ▲ 50× |
| Deferred charges and accrued income490/1 | €10,595 | €1,960 | €3,206 | ▲ 63.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €210,325 | €269,143 | €98,919 | ▼ 63.2% |
| Equity10/15 | €18,593 | €31,318 | €24,563 | ▼ 21.6% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | €17,093 | €29,818 | €23,063 | ▼ 22.7% |
| Distributable reserves133 | €17,093 | €29,818 | €23,063 | ▼ 22.7% |
| Amounts payable17/49 | €191,732 | €237,825 | €74,356 | ▼ 68.7% |
| Amounts payable after more than one year17 | €107,205 | €153,159 | €28,972 | ▼ 81.1% |
| Financial debts170/4 | €107,205 | €153,159 | €28,972 | ▼ 81.1% |
| Amounts payable within one year42/48 | €82,196 | €84,666 | €38,627 | ▼ 54.4% |
| Current portion of amounts payable after more than one year42 | €22,359 | €25,977 | €27,159 | ▲ 4.5% |
| Trade debts44 | €7,715 | €9,974 | €4,682 | ▼ 53.1% |
| Suppliers440/4 | €7,715 | €9,974 | €4,682 | ▼ 53.1% |
| Taxes, remuneration and social security45 | €12,567 | €11,270 | €4,623 | ▼ 59.0% |
| Taxes450/3 | €12,567 | €11,270 | €2,623 | ▼ 76.7% |
| Remuneration and social security454/9 | - | - | €2,000 | - |
| Other amounts payable47/48 | €39,554 | €37,446 | €2,163 | ▼ 94.2% |
| Accrued charges and deferred income492/3 | €2,332 | - | €6,757 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,093 | €12,725 | -€6,755 | - |
| + Depreciation and write-downs630 | €16,373 | €18,823 | €24,019 | ▲ 27.6% |
| Operating cash flow (approximation) | €33,465 | €31,548 | €17,264 | ▼ 45.3% |
| Investment in fixed assets (approximation) | - | -€86,063 | €165,465 | - |
| Change in cash | - | -€2,902 | €25,166 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 25-06-2026 | 2026-00197727 |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00184427 |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00220178 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| KATSCHMARSKYJ Markian |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
10-10
Gazette deed
IncorporationAppointment: KATSCHMARSKYJ Markian (director) · Founding capital · Founder9 facts ▸
- Incorporation, “MK Projects” (deed in Dutch)
- Founding capital, €1,500
- Founder, KATSCHMARSKYJ Markian
- Shareholding, 100
- Capital
- Registered office clause, “3390 Tielt-Winge,Leuvensesteenweg 29” (deed in Dutch)
- Board rule, 1
- Director appointment, KATSCHMARSKYJ Markian (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0791.966.495
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24106D0276/00F000 | Flanders | 1,150 m² | 1 · 186 m² | 12.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Algemene bouwonderneming met coördinatie van onderaanneming; algemene aanneming van grondwerken, burgerlijke bouwkunde en…” (deed in Dutch)
17 activities (deed in Dutch)
- Algemene bouwonderneming met coördinatie van onderaanneming; algemene aanneming van grondwerken, burgerlijke bouwkunde en metaalconstructies;
- Onderneming voor ruwbouwwerken, alle metsel- en betonwerken en technieken voor de inrichting en afwerking, niets uitgezonderd, aldus met inbegrip van timmeren schrijnwerk voor gebouwen, alle dakbedekkingswerken, alle tegel- en faiencewerken, het plafonneren, cementeren en alle andere pleisterwerken, chapes en industriële vloeren, het schilderen van gebouwen en industriële schilderwerken, het installeren van sanitaire inrichtingen, gasverwarming, thermische installaties en centrale verwarming, de installaties voor ventilatie, luchtverwarming en airconditioning, het plaatsen van elektrische en elektromechanische voorzieningen en installaties;
- De groot- en kleinhandel, de invoer- en uitvoerhandel en de vervaardiging van alle producten en materialen die nuttig of dienstig zijn voor het uitvoeren van bovenvermelde activiteiten. De vennootschap zal alle werken ter zake kunnen aannemen, uitvoeren en laten uitvoeren, mits dit gebeurt in overeenstemming met de wetten en reglementen
- Onderneming voor onderhouds-, herstellings- en transformatiewerken met betrekking tot alle bovenvermelde activiteiten;
- Het leveren van diensten van projectmanagement, waaronder het uitvoeren van haalbaarheidsstudies, het opstellen en laten opstellen van ontwerpen, plannen en beschrijvingen die in bestekken moeten worden ingelast;
- Het voorbereiden van documenten voor offerteaanvragen, met inbegrip van contractvoorwaarden;
- Het geven van advies op technisch vlak;
- Het beheer van de uitvoering van de werken;
- Het waarmerken van betalingsaanvragen;
- Het vaststellen van gebreken;
- Het nemen van maatregelen indien zich omstandigheden voordoen die de stipte uitvoering van de werken in het gedrag brengen;
- Het uitvoeren van inspecties en keuringen;
- Het verlenen van bijstand bij voorlopige en definitieve opleveringen;
- Projectontwikkeling voor de nieuwbouw en vernieuwbouw van individuele woningen, van appartementsgebouwen, van kantoorgebouwen, van hotels, commerciële en industriële centra, enzovoort, of voor renovatieprojecten, inclusief de volledige inrichting;
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan- en verkoop, de huur en verhuur, de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen;
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, daarin begrepen de aan- en verkoop van onroerende goederen, de onroerende leasing, de ruil, de verkaveling, en in het algemeen alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of het productief maken van onroerende goederen of onroerende zakelijke rechten; het bouwrijp maken van terreinen, het bebouwen ervan met woningen, appartementen, kantoren en bedrijfsgebouwen met het oog op de tekoopstelling, het verwerven, verbeteren, inrichten, bezitten en beheren van onroerende goederen van alle aard;
- Het verhuren en ter beschikking stellen onder alle vormen van alle onroerende goederen met alle bestemmingen;
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MK Projects
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit van het bestuursorgaan, administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, één of meer bestuurders” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Register van aandelen op naam, aandeelhouders mogen kennis nemen betreffende hun effecten” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor helft ten laste van overdrager en voor andere helft ten laste van koper(s), geen beroep op rechter tegen weigering” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Titel V - Algemene vergadering Artikel 16. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Algemene vergadering mag een of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en vergoeding bepalen, bestuurder(s) in functie als…” (deed in Dutch)