MKDK
ActiveSummary
MKDK has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,471) and a net result of -€15,419. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 1910 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▼-63
Solvency21▼-12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.54 against 1.01 in 2024; short-term debt: 16.6% and cash: 3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
-3.6%
Return on assets
-12.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€4,471
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
36 d late
2023
27 d late
2022
31 d late
2021
37 d early
2020
15 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
-€4,471
2024 · €12,505
Total assets
€123,137▼ 21.7%
2024 · €157,192
Net result
-€15,419
2024 · €23,228
Working capital
-€9,317
2024 · €304
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€7,119€5,807€14,939▲ 157%€29,847▲ 99.8%-€10,756
Net result-€13,691€5€9,356▲ 199,385%€23,228▲ 148%-€15,419
Equity-€20,084▼ 214%-€20,079=-€10,724▲ 46.6%€12,505-€4,471
Total assets€192,192▼ 12.1%€172,964▼ 10.0%€155,037▼ 10.4%€157,192▲ 1.4%€123,137▼ 21.7%
Debt€212,276▼ 5.7%€193,043▼ 9.1%€165,761▼ 14.1%€144,688▼ 12.7%€127,608▼ 11.8%
Working capital-€5,306-€6,934▼ 30.7%-€9,077▼ 30.9%€304-€9,317
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10,756 after €29,847 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123,137
Fixed assets
€112,043 ▼ 17.7%
Current assets
€11,094 ▼ 47.2%
Key figures and ratios
EBITDA
€11,397▼
2024 · €49,916
Cash flow
€6,734▼
2024 · €43,297
Solvency
-3.6%▼
2024 · 8.0%
Current ratio
0.54▼
2024 · 1.01
Debt to equity
-28.54▼
2024 · 11.57
ROA
-12.5%▼
2024 · 14.8%
Interest coverage
2.47▼
2024 · 8.88
Debt ≤ 1 year
€20,412▼
2024 · €20,706
Debt > 1 year
€107,196▼
2024 · €123,982
Income taxes
€80▼
2024 · €1,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,893 | €18,839 | €18,885 | €20,069 | €22,154 | ▲ 10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,750 | €3,167 | - | - | - |
| Other operating charges640/8 | €1,301 | €1,280 | €1,340 | €1,794 | €1,448 | ▼ 19.3% |
| Gross operating margin9900 | €13,075 | €27,676 | €38,331 | €51,710 | €12,846 | ▼ 75.2% |
| Operating profit (loss)9901 | -€7,119 | €5,807 | €14,939 | €29,847 | -€10,756 | ▼ 136% |
| Financial income75/76B | €0 | €39 | €4 | - | €31 | - |
| Recurring financial income75 | €0 | €39 | €4 | - | €31 | - |
| Non-recurring financial income76B | - | €39 | - | - | - | - |
| Financial charges65/66B | €6,573 | €5,842 | €5,588 | €5,619 | €4,614 | ▼ 17.9% |
| Recurring financial charges65 | €5,321 | €4,739 | €5,588 | €5,619 | €4,614 | ▼ 17.9% |
| Non-recurring financial charges66B | €1,252 | €1,102 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€13,691 | €5 | €9,356 | €24,228 | -€15,339 | ▼ 163% |
| Income taxes67/77 | - | - | - | €1,000 | €80 | ▼ 92.0% |
| Profit (loss) for the period9904 | -€13,691 | €5 | €9,356 | €23,228 | -€15,419 | ▼ 166% |
| Transfer from tax-exempt reserves789 | €2,670 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€11,021 | €5 | €9,356 | €23,228 | -€15,419 | ▼ 166% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €192,192 | €172,964 | €155,037 | €157,192 | €123,137 | ▼ 21.7% |
| Fixed assets21/28 | €181,277 | €162,438 | €146,859 | €136,183 | €112,043 | ▼ 17.7% |
| Tangible fixed assets22/27 | €181,277 | €162,438 | €146,859 | €136,183 | €112,043 | ▼ 17.7% |
| Plant, machinery and equipment23 | €98,559 | €88,287 | €78,280 | €68,915 | €58,687 | ▼ 14.8% |
| Furniture and vehicles24 | €739 | €370 | €2,996 | €9,883 | €4,168 | ▼ 57.8% |
| Other tangible fixed assets26 | €81,979 | €73,781 | €65,583 | €57,385 | €49,187 | ▼ 14.3% |
| Current assets29/58 | €10,915 | €10,526 | €8,178 | €21,010 | €11,094 | ▼ 47.2% |
| Amounts receivable within one year40/41 | €6,961 | €6,518 | €3,275 | €9,926 | €7,256 | ▼ 26.9% |
| Trade receivables40 | €5,516 | €6,456 | €1,519 | €8,609 | €7,256 | ▼ 15.7% |
| Other amounts receivable41 | €1,446 | €62 | €1,756 | €1,317 | - | - |
| Current investments50/53 | €0 | €0 | €4 | €8,004 | - | - |
| Cash at bank and in hand54/58 | €3,953 | €3,921 | €4,520 | €2,816 | €3,735 | ▲ 32.6% |
| Deferred charges and accrued income490/1 | - | €86 | €380 | €263 | €103 | ▼ 60.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €192,192 | €172,964 | €155,037 | €157,192 | €123,137 | ▼ 21.7% |
| Equity10/15 | -€20,084 | -€20,079 | -€10,724 | €12,505 | -€4,471 | ▼ 136% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€40,544 | -€40,539 | -€31,184 | -€7,955 | -€24,931 | ▼ 213% |
| Amounts payable17/49 | €212,276 | €193,043 | €165,761 | €144,688 | €127,608 | ▼ 11.8% |
| Amounts payable after more than one year17 | €196,055 | €175,584 | €148,505 | €123,982 | €107,196 | ▼ 13.5% |
| Financial debts170/4 | €172,026 | €155,906 | €140,334 | €123,982 | €107,196 | ▼ 13.5% |
| Other amounts payable178/9 | €24,029 | €19,677 | €8,171 | - | - | - |
| Amounts payable within one year42/48 | €16,221 | €17,460 | €17,256 | €20,706 | €20,412 | ▼ 1.4% |
| Current portion of amounts payable after more than one year42 | €14,606 | €15,450 | €15,596 | €16,172 | €16,717 | ▲ 3.4% |
| Trade debts44 | €215 | €2,009 | €1,659 | €2,420 | €2,911 | ▲ 20.3% |
| Suppliers440/4 | €215 | €2,009 | €1,659 | €2,420 | €2,911 | ▲ 20.3% |
| Taxes, remuneration and social security45 | €1,400 | - | - | €1,000 | €656 | ▼ 34.4% |
| Taxes450/3 | - | - | - | €1,000 | €656 | ▼ 34.4% |
| Remuneration and social security454/9 | €1,400 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €1,114 | €127 | ▼ 88.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,691 | €5 | €9,356 | €23,228 | -€15,419 | ▼ 166% |
| + Depreciation and write-downs630 | €18,893 | €18,839 | €18,885 | €20,069 | €22,154 | ▲ 10.4% |
| Operating cash flow (approximation) | €5,202 | €18,843 | €28,241 | €43,297 | €6,734 | ▼ 84.4% |
| Investment in fixed assets (approximation) | - | €0 | -€3,306 | -€9,393 | €1,986 | ▲ 121% |
| Change in cash | - | -€32 | €599 | -€1,704 | €919 | ▲ 154% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€15,419
Net result drops to -€15,419, the lowest in the series.
05-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 36 days late
2024
31-12
Financial
Highest result since 2018net €23,228 ▲148%
Operating result €29,847, net result €23,228, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.01
Current ratio from 0.47 to 1.01.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €5
Net result €5 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €13,661
Net result €13,661 after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Ternat · 1 establishment unit since 2009
Ground area
504 m²
Building footprint
157 m²
Volume, LiDAR
777 m³
Parcel 23091C0700/00L000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MKDK SRL
since 20092.180.542.479
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23091C0700/00L000 | Flanders | 504 m² | 1 · 157 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,892 EUR awarded · 1,892 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,892 EUR | 1,892 EUR |
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 863 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
Founded15-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25220Manufacture of fabricated metal products, except machinery and equipment
25999Manufacture of fabricated metal products, except machinery and equipment
43240Other construction installation
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.