MK PROJECTS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 03-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 51% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €1,348 | €6,484 |
| Financial fixed assets | €400 | - |
| Depreciation and write-downs of the year | €270 | €1,062 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €25,121 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €270 | €1,062 | ▲ 294% |
| Other operating charges640/8 | €890 | €784 | ▼ 11.9% |
| Gross operating margin9900 | €4,668 | €28,677 | ▲ 514% |
| Operating profit (loss)9901 | €3,508 | €1,710 | ▼ 51.3% |
| Financial income75/76B | €2 | €37 | ▲ 21× |
| Recurring financial income75 | €2 | €37 | ▲ 21× |
| Financial charges65/66B | €118 | €78 | ▼ 33.5% |
| Recurring financial charges65 | €118 | €78 | ▼ 33.5% |
| Profit (loss) for the period before taxes9903 | €3,393 | €1,668 | ▼ 50.8% |
| Income taxes67/77 | €1,012 | €1,188 | ▲ 17.5% |
| Profit (loss) for the period9904 | €2,381 | €480 | ▼ 79.8% |
| Profit (loss) for the period to be appropriated9905 | €2,381 | €480 | ▼ 79.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €11,777 | €18,908 | ▲ 60.6% |
| Fixed assets21/28 | €1,478 | €6,900 | ▲ 367% |
| Tangible fixed assets22/27 | €1,078 | €6,500 | ▲ 503% |
| Furniture and vehicles24 | €1,078 | €6,500 | ▲ 503% |
| Financial fixed assets28 | €400 | €400 | = |
| Current assets29/58 | €10,298 | €12,008 | ▲ 16.6% |
| Amounts receivable within one year40/41 | €5,921 | €2,582 | ▼ 56.4% |
| Trade receivables40 | €4,899 | - | - |
| Other amounts receivable41 | €1,022 | €2,582 | ▲ 153% |
| Cash at bank and in hand54/58 | €4,226 | €9,186 | ▲ 117% |
| Deferred charges and accrued income490/1 | €152 | €241 | ▲ 58.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €11,777 | €18,908 | ▲ 60.6% |
| Equity10/15 | €5,381 | €5,861 | ▲ 8.9% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €2,381 | €2,861 | ▲ 20.2% |
| Amounts payable17/49 | €6,396 | €13,048 | ▲ 104% |
| Amounts payable within one year42/48 | €6,396 | €13,048 | ▲ 104% |
| Trade debts44 | €2,921 | €5,027 | ▲ 72.1% |
| Suppliers440/4 | €2,921 | €5,027 | ▲ 72.1% |
| Taxes, remuneration and social security45 | €1,635 | €308 | ▼ 81.2% |
| Taxes450/3 | €85 | €308 | ▲ 264% |
| Remuneration and social security454/9 | €1,550 | - | - |
| Other amounts payable47/48 | €1,841 | €7,712 | ▲ 319% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €2,381 | €480 | ▼ 79.8% |
| + Depreciation and write-downs630 | €270 | €1,062 | ▲ 294% |
| Operating cash flow (approximation) | €2,650 | €1,542 | ▼ 41.8% |
| Investment in fixed assets (approximation) | - | -€6,484 | - |
| Change in cash | - | €4,959 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,546 companies had the same profile as MK PROJECTS has now. Two years later, 94.3% were still going and 2.3% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MK PROJECTS itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 2,546 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.