MKARS
ActiveSummary
The computed 12-month bankruptcy probability of MKARS is 1.9% (moderate). The 2025 annual accounts show negative equity (-€11,180) and a net result of €20,612. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 18606 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+77
Solvency22▲+11
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.96 against 0.87 in 2024; short-term debt: 103.4% and cash: 2.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2025Solvency, return and age of the figures
Solvency
-3.4%
Return on assets
6.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 18606 sector peers (2025).
NBB · sector comparisonPosition among 18606 sector peers
Solvency
better than 21%
← weakest
strongest →
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 16-07-2026, 15 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
15 d early
2024
2 d early
2023
61 d late
2022
31 d late
2021
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 14 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 July (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€11,180▲ 64.8%
2024 · -€31,792
Total assets
€326,065▲ 48.1%
2024 · €220,115
Net result
€20,612
2024 · -€34,918
Working capital
-€11,943▲ 63.8%
2024 · -€32,968
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€347--€28,510€30,215-€34,781€21,340
Net result€226within the sector's middle half--€28,665below the sector's middle half€29,565above the sector's middle half-€34,918below the sector's middle half€20,612within the sector's middle half
Equity€2,226below the sector's middle half--€26,439below the sector's middle half€3,126within the sector's middle half-€31,792below the sector's middle half-€11,180below the sector's middle half▲ 64.8%
Total assets€15,386below the sector's middle half-€15,045below the sector's middle half▼ 2.2%€56,537below the sector's middle half▲ 276%€220,115within the sector's middle half▲ 289%€326,065within the sector's middle half▲ 48.1%
Debt€13,161-€41,485▲ 215%€53,411▲ 28.7%€251,907▲ 372%€337,246▲ 33.9%
Working capital€2,226within the sector's middle half--€26,439below the sector's middle half€4,618within the sector's middle half-€32,968below the sector's middle half-€11,943below the sector's middle half▲ 63.8%
Solvency14.5%within the sector's middle half--175.7%below the sector's middle half▼ 190.2pp5.5%within the sector's middle half▲ 181.3pp-14.4%below the sector's middle half▼ 20.0pp-3.4%below the sector's middle half▲ 11.0pp
Current ratio1.17within the sector's middle half-0.36below the sector's middle half▼ 0.811.09within the sector's middle half▲ 0.730.87within the sector's middle half▼ 0.220.96within the sector's middle half▲ 0.10
Return on assets (ROA)1.5%within the sector's middle half--190.5%below the sector's middle half▼ 192.0pp52.3%above the sector's middle half▲ 242.8pp-15.9%below the sector's middle half▼ 68.2pp6.3%within the sector's middle half▲ 22.2pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €21,340 after a loss of €34,781 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €326,065
Fixed assets
€762 ▼ 35.2%
Current assets
€325,303 ▲ 48.6%
Key figures and ratios
EBITDA
€21,754▲
2024 · -€34,717
Cash flow
€21,025▲
2024 · -€34,854
Quick ratio
0.28▼
2024 · 0.65
Debt to equity
-30.16▼
2024 · -7.92
Interest coverage
65.06▲
2024 · -254.11
Debt ≤ 1 year
€337,246▲
2024 · €251,907
Income taxes
€394
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.3%
went bankrupt
5.6%
stopped otherwise
89%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,178 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €64 | €413 | ▲ 542% |
| Other operating charges640/8 | €1,264 | €855 | €570 | €821 | - | - |
| Non-recurring operating charges66A | €310 | €112 | €958 | €749 | €355 | ▼ 52.6% |
| Gross operating margin9900 | €1,921 | -€27,543 | €31,743 | -€33,147 | €22,109 | ▲ 167% |
| Operating profit (loss)9901 | €347 | -€28,510 | €30,215 | -€34,781 | €21,340 | ▲ 161% |
| Financial charges65/66B | €121 | €155 | €650 | €137 | €334 | ▲ 145% |
| Recurring financial charges65 | €121 | €155 | €276 | €137 | €334 | ▲ 145% |
| Non-recurring financial charges66B | - | - | €374 | - | - | - |
| Profit (loss) for the period before taxes9903 | €226 | -€28,665 | €29,565 | -€34,918 | €21,006 | ▲ 160% |
| Income taxes67/77 | - | - | - | - | €394 | - |
| Profit (loss) for the period9904 | €226 | -€28,665 | €29,565 | -€34,918 | €20,612 | ▲ 159% |
| Profit (loss) for the period to be appropriated9905 | €226 | -€28,665 | €29,565 | -€34,918 | €20,612 | ▲ 159% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,386 | €15,045 | €56,537 | €220,115 | €326,065 | ▲ 48.1% |
| Fixed assets21/28 | - | - | - | €1,176 | €762 | ▼ 35.2% |
| Tangible fixed assets22/27 | - | - | - | €1,176 | €762 | ▼ 35.2% |
| Plant, machinery and equipment23 | - | - | - | €1,176 | €762 | ▼ 35.2% |
| Current assets29/58 | €15,386 | €15,045 | €56,537 | €218,939 | €325,303 | ▲ 48.6% |
| Stocks and contracts in progress3 | €6,340 | €7,760 | €21,952 | €56,134 | €231,529 | ▲ 312% |
| Stocks30/36 | €6,340 | €7,760 | €21,952 | €56,134 | €231,529 | ▲ 312% |
| Amounts receivable within one year40/41 | €4,506 | €300 | €29,950 | €154,530 | €84,926 | ▼ 45.0% |
| Trade receivables40 | €4,506 | €300 | €29,305 | €154,530 | €84,926 | ▼ 45.0% |
| Other amounts receivable41 | - | - | €646 | - | - | - |
| Cash at bank and in hand54/58 | €4,540 | €6,985 | €4,635 | €8,136 | €8,779 | ▲ 7.9% |
| Deferred charges and accrued income490/1 | - | - | - | €138 | €68 | ▼ 50.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,386 | €15,045 | €56,537 | €220,115 | €326,065 | ▲ 48.1% |
| Equity10/15 | €2,226 | -€26,439 | €3,126 | -€31,792 | -€11,180 | ▲ 64.8% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €226 | -€28,439 | €1,126 | -€33,792 | -€13,180 | ▲ 61.0% |
| Amounts payable17/49 | €13,161 | €41,485 | €53,411 | €251,907 | €337,246 | ▲ 33.9% |
| Amounts payable within one year42/48 | €13,161 | €41,485 | €51,919 | €251,907 | €337,246 | ▲ 33.9% |
| Trade debts44 | €6,592 | €3,395 | €41,300 | €194,918 | €230,463 | ▲ 18.2% |
| Suppliers440/4 | €6,592 | €3,395 | €41,300 | €194,918 | €230,463 | ▲ 18.2% |
| Taxes, remuneration and social security45 | €3,386 | €4,220 | - | €4,274 | €3,191 | ▼ 25.3% |
| Taxes450/3 | €386 | €1,220 | - | €4,274 | €3,191 | ▼ 25.3% |
| Remuneration and social security454/9 | €3,000 | €3,000 | - | - | - | - |
| Other amounts payable47/48 | €3,183 | €33,870 | €10,619 | €52,715 | €103,591 | ▲ 96.5% |
| Accrued charges and deferred income492/3 | - | - | €1,492 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €226 | -€28,665 | €29,565 | -€34,918 | €20,612 | ▲ 159% |
| + Depreciation and write-downs630 | - | - | - | €64 | €413 | ▲ 542% |
| Operating cash flow (approximation) | €226 | -€28,665 | €29,565 | -€34,854 | €21,025 | ▲ 160% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €2,446 | -€2,351 | €3,501 | €643 | ▼ 81.6% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
State Gazette act
Resignation: Moucheik Ali (director)Appointment: Uwaida Muhsen Bachir (director) · Share transfer · Shareholding7 facts ▸
State Gazette act
Resignation: Moucheik Ali (director)
Appointment: Uwaida Muhsen Bachir (director) · Share transfer · Shareholding7 facts ▸
- General meeting, 02-04-2026
- Director resignation, Moucheik Ali (director)
- Share transfer, Moucheik Ali → Uwaida Muhsen Bachir
- Director appointment, Uwaida Muhsen Bachir (director)
- Shareholding, 02-04-2026, 90
- Shareholding, 02-04-2026, 10
- Capital
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €20,612
Net result €20,612 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€34,918
Net result drops to -€34,918, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €29,565
Net result €29,565 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.09
Current ratio from 0.36 to 1.09.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Uwaida Muhsen Bachir
CurrentDirector · since 02-04-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Dilbeek · 1 establishment unit since 2020
Ground area
448 m²
Building footprint
443 m²
Volume, LiDAR
4,297 m³
2 parcels, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
484
companies at this address
See who is registered here
1 establishment unit
MKARS
since 20202.308.636.820
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016D0063/00W002 | Flanders | 300 m² | 1 · 299 m² | 12.6 m · 3 fl. |
| 22662B0387/00R004 | Flanders | 147 m² | 1 · 144 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Uwaida Muhsen Bachir |
|
| Moucheik Ali |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 28-08-2026 ↗
- Uwaida Muhsen Bachir 90 shares
- Moucheik Ali 10 shares
Share transfer
act of 28-08-2026 ↗
- Moucheik Ali to Uwaida Muhsen Bachir 90 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 28-08-2026 Capital stated in the act · 100 shares
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Of 10,663 companies in sector 47811 we hold annual accounts for 5,225. 1,251 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
Founded28-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Contact
E-mail
mkars1070@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753417905
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.