MKASSL
ActiveSummary
MKASSL has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €20,618. Equity is growing by ~6.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Financials · fiscal year 2025, abbreviated schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result stays negative: a loss of €13,208 in 2025 against €2,932 in 2024; the loss grows.
What the company sold each fiscal 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.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 6,049 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,472 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% | 1.0% |
| 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% 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 6,049 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €9,104 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €1,019 | €1,020 | €1,119 | €1,136 | €1,168 | ▲ 2.9% |
| Non-recurring operating charges66A | - | - | - | - | €50,003 | - | - | - | - |
| Gross operating margin9900 | -€2,865 | -€1,737 | -€1,443 | -€1,318 | €7,544 | -€1,350 | -€1,796 | -€12,039 | ▼ 570% |
| Operating profit (loss)9901 | -€3,879 | -€3,168 | -€2,461 | -€2,337 | -€43,480 | -€2,470 | -€2,932 | -€13,208 | ▼ 351% |
| Financial income75/76B | - | - | - | €9,998 | €30 | €403,417 | €12,843 | €38,737 | ▲ 202% |
| Recurring financial income75 | €207,554 | €207,264 | €24,450 | €9,998 | €30 | €403,417 | €12,843 | €38,737 | ▲ 202% |
| Financial charges65/66B | - | - | - | €1,154 | €1,121 | €1,122 | €2,739 | €2,849 | ▲ 4.0% |
| Recurring financial charges65 | €139 | €1,288 | €244 | €1,154 | €1,121 | €1,122 | €2,739 | €2,849 | ▲ 4.0% |
| Profit (loss) for the period before taxes9903 | €203,536 | €202,807 | €21,746 | €6,507 | -€44,571 | €399,826 | €7,172 | €22,680 | ▲ 216% |
| Income taxes67/77 | €19,156 | €18,990 | €4,982 | €1,983 | - | €32,296 | €1,760 | €2,062 | ▲ 17.1% |
| Profit (loss) for the period9904 | €184,380 | €183,817 | €16,764 | €4,524 | -€44,571 | €367,530 | €5,412 | €20,618 | ▲ 281% |
| Profit (loss) for the period to be appropriated9905 | €184,380 | €183,817 | €16,764 | €4,524 | -€44,571 | €367,530 | €5,412 | €20,618 | ▲ 281% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €1.2m | €1.2m | €1.2m | €1.1m | €1.5m | €1.5m | €1.5m | ▲ 1.5% |
| Fixed assets21/28 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Financial fixed assets28 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Current assets29/58 | €1.0m | €1.1m | €1.1m | €1.1m | €1.1m | €1.5m | €1.5m | €1.5m | ▲ 1.6% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | - | €0.001m | €0.001m | €0.001m | €0.005m | €0.004m | ▼ 26.2% |
| Trade receivables40 | - | - | - | - | - | €0.001m | €0.005m | €0.004m | ▼ 15.1% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.001m | - | €0.001m | - | - |
| Current investments50/53 | €0.4m | €0.4m | €0.5m | €0.7m | €0.9m | €0.9m | €0.9m | €0.9m | ▲ 4.4% |
| Cash at bank and in hand54/58 | €0.3m | €0.5m | €0.6m | €0.4m | €0.2m | €0.6m | €0.6m | €0.5m | ▼ 2.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €1.2m | €1.2m | €1.2m | €1.1m | €1.5m | €1.5m | €1.5m | ▲ 1.5% |
| Equity10/15 | €1.0m | €1.1m | €1.2m | €1.2m | €1.1m | €1.5m | €1.5m | €1.5m | ▲ 1.4% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.9m | €1.1m | €1.1m | €1.1m | €1.1m | €1.5m | €1.5m | €1.5m | ▲ 1.4% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | - | - |
| Distributable reserves133 | - | - | - | €1.1m | €1.1m | €1.5m | €1.5m | €1.5m | ▲ 1.5% |
| Profit (loss) carried forward14 | - | - | - | - | -€0.04m | - | - | - | - |
| Amounts payable17/49 | €0.04m | €0.04m | €0.02m | €0.001m | €0.001m | €0.03m | €0.001m | €0.003m | ▲ 220% |
| Amounts payable within one year42/48 | €0.04m | €0.04m | €0.02m | €0.001m | €0.001m | €0.03m | €0.001m | €0.003m | ▲ 220% |
| Trade debts44 | - | €50 | €59 | €59 | €35 | €64 | €72 | €24 | ▼ 66.8% |
| Suppliers440/4 | - | - | - | €59 | €35 | €64 | €72 | €24 | ▼ 66.8% |
| Taxes, remuneration and social security45 | - | - | - | €153 | - | €0.03m | - | €0.002m | - |
| Taxes450/3 | - | - | - | €153 | - | €0.03m | - | €0.002m | - |
| Other amounts payable47/48 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €184,380 | €183,817 | €16,764 | €4,524 | -€44,571 | €367,530 | €5,412 | €20,618 | ▲ 281% |
| Operating cash flow (approximation) | €184,380 | €183,817 | €16,764 | €4,524 | -€44,571 | €367,530 | €5,412 | €20,618 | ▲ 281% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €182,404 | €142,564 | -€209,803 | -€240,985 | €398,978 | -€30,325 | -€14,507 | ▲ 52.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.