MK Solutions

Active

Private limited companyfounded 20205 yrs activeKoraalwortelstraat 36, 9041 Gent, BelgiumKBO/BCE: BE 0755.949.110

The computed 12-month bankruptcy probability of MK Solutions is 2.3% (moderate). The 2024 annual accounts show equity of €122k and a net result of €18k. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 78% of 36373 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

77 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability82▲+2

Solvency98▲+6

Growth52=

Track record94

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €9k at 30 days acceptable

Liquidity ample (current ratio 5.05 against 3.46 in 2023; short-term debt: 15.4% and cash: 33.9% of total assets), and 27.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

28 d late

2023

34 d early

2022

11 d early

2021

26 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€122k▲ 17.2%

2023 · €105k

2021: €51k 2022: €90k 2023: €105k

2021 → 2024

Total assets

€169k▲ 7.8%

2023 · €157k

2021: €91k 2022: €137k 2023: €157k

2021 → 2024

Net result

€18k▲ 22.7%

2023 · €15k

2021: €41k 2022: €39k 2023: €15k

2021 → 2024

Working capital

€106k▲ 20.0%

2023 · €88k

2021: €46k 2022: €89k 2023: €88k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€51k-€90k▲ 75.7%€105k▲ 16.3%€122k▲ 17.2%

Operating result€57k-€50k▼ 12.2%€20k▼ 60.6%€24k▲ 23.1%

Net result€41k-€39k▼ 5.9%€15k▼ 62.3%€18k▲ 22.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 23% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €169k

22.1%

77.9%

Fixed assets €37k▲ 13.0%

Current assets €132k▲ 6.4%

Equity and liabilities €169k

72.5%

27.5%

Equity €122k▲ 17.2%

Debt €46k▼ 11.1%

The debt ratio falls from 33.3% to 27.5%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€32k▲

2023 · €27k

Cash flow

€25k▲

2023 · €22k

Solvency

72.5%▲

2023 · 66.7%

Current ratio

5.05▲

2023 · 3.46

Quick ratio

3.84▲

2023 · 1.97

Debt / equity

0.38▼

2023 · 0.50

ROE

14.6%▲

2023 · 14.0%

ROA

10.6%▲

2023 · 9.3%

Interest coverage

10.75▼

2023 · 13.29

Debt

€46k▼

2023 · €52k

Debt ≤ 1 year

€26k▼

2023 · €36k

Debt > 1 year

€20k▲

2023 · €16k

Income taxes

€4k▲

2023 · €3k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€157k€169k▲

Fixed assets21/28€33k€37k▲

Tangible fixed assets22/27€33k€37k▲

Plant, machinery and equipment23€851€670▼

Furniture and vehicles24€32k€37k▲

Current assets29/58€124k€132k▲

Stocks and contracts in progress3€53k€31k▼

Stocks30/36€53k€31k▼

Amounts receivable within one year40/41€17k€41k▲

Trade receivables40€12k€15k▲

Other amounts receivable41€4k€26k▲

Cash at bank and in hand54/58€53k€57k▲

Deferred charges and accrued income490/1€1k€2k▲

Equity and liabilities

Total equity and liabilities10/49€157k€169k▲

Equity10/15€105k€122k▲

Contributions10/11€10k€10k=

Reserves13€95k€112k▲

Distributable reserves133€95k€112k▲

Amounts payable17/49€52k€46k▼

Amounts payable after more than one year17€16k€20k▲

Financial debts170/4€16k€20k▲

Amounts payable within one year42/48€36k€26k▼

Current portion of amounts payable after more than one year42€5k€6k▲

Trade debts44€16k€14k▼

Suppliers440/4€16k€14k▼

Taxes, remuneration and social security45€15k€4k▼

Taxes450/3€15k€4k▼

Other amounts payable47/48€356€2k▲

Accrued charges and deferred income492/3-€65

Income statement Code20232024

Non-recurring operating income76A€0-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€366

Other operating charges640/8€1k€1k▲

Non-recurring operating charges66A-€3k

Gross operating margin9900€28k€36k▲

Operating profit (loss)9901€20k€24k▲

Financial income75/76B€129€502▲

Recurring financial income75€129€502▲

Financial charges65/66B€2k€3k▲

Recurring financial charges65€2k€3k▲

Profit (loss) for the period before taxes9903€18k€22k▲

Income taxes67/77€3k€4k▲

Profit (loss) for the period9904€15k€18k▲

Profit (loss) for the period to be appropriated9905€15k€18k▲

Appropriation of the result

Profit (loss) to be appropriated9906€15k€18k▲

Transfer to equity691/2€15k€18k▲

To other reserves6921€15k€18k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

2024

27-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €15k ▼62.3%

Net result drops to €15k, the lowest in the series; recovery starts the following year.

31-12

Financial Equity above €100kEq €105k ▲16.3%

3 profitable years in a row build equity to €105k.

20-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

05-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Gent · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Koraalwortelstraat 369041 Gent

Ground area

997 m²

Building footprint

157 m²

Parcel 44051C0115/00D000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.

1 establishment unit

MK Solutions

Koraalwortelstraat 36, 9041 GentManufacture of fabricated metal products, except machinery and equipment

since 20202.308.241.494

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44051C0115/00D000	Flanders	997 m²	1 · 157 m²	0.1 m

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

Geraardsbergen · Eq €122k

Of 7,294 companies in sector 43350 we hold annual accounts for 2,361. 1,950 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded09-10-2020

Fiscal year end31-12

Activities, NACEBEL

43350Other building finishing work

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.