MKmotiv
ActiveSummary
MKmotiv has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €560k and a net result of €111k. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+3
Solvency45▲+3
Growth52=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.2 in 2024; short-term debt: 79.1% and cash: 4.7% of total assets), and 79.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.4%
Return on assets
4%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
25 d early
2024
24 d early
2023
22 d late
2022
13 d early
2021
20 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€560k▲ 24.6%
2024 · €450k
2021: €158klowest in 5 years
2022: €388k▲ +145% vs 2021
2023: €403k▲ +3.7% vs 2022
2024: €450k▲ +11.7% vs 2023
2025: €560k▲ +24.6% vs 2024highest in 5 years
2021 → 2025
Total assets
€2.75M▲ 5.7%
2024 · €2.60M
2021: €1.04Mlowest in 5 years
2022: €2.18M▲ +110% vs 2021
2023: €2.45M▲ +12.3% vs 2022
2024: €2.60M▲ +6.3% vs 2023
2025: €2.75M▲ +5.7% vs 2024highest in 5 years
2021 → 2025
Net result
€111k▲ 135%
2024 · €47k
2021: €153k
2022: €230k▲ +50.2% vs 2021highest in 5 years
2023: €14k▼ -93.8% vs 2022lowest in 5 years
2024: €47k▲ +229% vs 2023
2025: €111k▲ +135% vs 2024
2021 → 2025
Working capital
€412k▲ 1.5%
2024 · €406k
2021: €124klowest in 5 years
2022: €677k▲ +444% vs 2021highest in 5 years
2023: €531k▼ -21.6% vs 2022
2024: €406k▼ -23.6% vs 2023
2025: €412k▲ +1.5% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€158k-€388k▲ 145%€403k▲ 3.7%€450k▲ 11.7%€560k▲ 24.6%
2021: €158klowest in 5 years
2022: €388k▲ +145% vs 2021
2023: €403k▲ +3.7% vs 2022
2024: €450k▲ +11.7% vs 2023
2025: €560k▲ +24.6% vs 2024highest in 5 years
Operating result€214k-€335k▲ 56.3%€45k▼ 86.5%€80k▲ 76.9%€172k▲ 116%
2021: €214k
2022: €335k▲ +56.3% vs 2021highest in 5 years
2023: €45k▼ -86.5% vs 2022lowest in 5 years
2024: €80k▲ +76.9% vs 2023
2025: €172k▲ +116% vs 2024
Net result€153k-€230k▲ 50.2%€14k▼ 93.8%€47k▲ 229%€111k▲ 135%
2021: €153k
2022: €230k▲ +50.2% vs 2021highest in 5 years
2023: €14k▼ -93.8% vs 2022lowest in 5 years
2024: €47k▲ +229% vs 2023
2025: €111k▲ +135% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 116% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.75M
Fixed assets
€162k ▼ 22.2%
Current assets
€2.59M ▲ 8.1%
Equity and liabilities €2.75M
Equity
€560k ▲ 24.6%
Debt
€2.19M ▲ 1.8%
Debt's share of the balance-sheet total falls from 82.7% to 79.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€221k▲
2024 · €128k
Cash flow
€159k▲
2024 · €96k
Current ratio
1.19▼
2024 · 1.20
Quick ratio
0.18▼
2024 · 0.18
Debt to equity
3.91▼
2024 · 4.79
ROE
19.8%▲
2024 · 10.5%
ROA
4.0%▲
2024 · 1.8%
Interest coverage
19.52▲
2024 · 10.25
Debt ≤ 1 year
€2.18M▲
2024 · €1.99M
Debt > 1 year
€4k▼
2024 · €164k
Income taxes
€50k▲
2024 · €20k
Staff costs
€48k▲
2024 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.60M€2.75M▲
Fixed assets21/28€208k€162k▼
Tangible fixed assets22/27€208k€161k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€61k€43k▼
Leasing and similar rights25€28k€16k▼
Other tangible fixed assets26€111k€97k▼
Financial fixed assets28€500€500=
Current assets29/58€2.39M€2.59M▲
Stocks and contracts in progress3€2.04M€2.21M▲
Stocks30/36€2.04M€2.21M▲
Amounts receivable within one year40/41€155k€238k▲
Trade receivables40€64k€238k▲
Other amounts receivable41€91k-
Cash at bank and in hand54/58€198k€129k▼
Deferred charges and accrued income490/1€1k€14k▲
Equity and liabilities
Total equity and liabilities10/49€2.60M€2.75M▲
Equity10/15€450k€560k▲
Contributions10/11€5k€5k=
Reserves13€445k€555k▲
Distributable reserves133€445k€555k▲
Amounts payable17/49€2.15M€2.19M▲
Amounts payable after more than one year17€164k€4k▼
Financial debts170/4€164k€4k▼
Amounts payable within one year42/48€1.99M€2.18M▲
Current portion of amounts payable after more than one year42€166k€160k▼
Trade debts44€235k€77k▼
Suppliers440/4€235k€77k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€36k€72k▲
Taxes450/3€23k€63k▲
Remuneration and social security454/9€13k€9k▼
Other amounts payable47/48€1.55M€1.87M▲
Accrued charges and deferred income492/3-€9k
Income statement
Code20242025
Remuneration, social security and pensions62€46k€48k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€49k▲
Other operating charges640/8€6k€8k▲
Gross operating margin9900€181k€277k▲
Operating profit (loss)9901€80k€172k▲
Financial income75/76B€11€4▼
Recurring financial income75€11€4▼
Financial charges65/66B€13k€11k▼
Recurring financial charges65€13k€11k▼
Profit (loss) for the period before taxes9903€67k€161k▲
Income taxes67/77€20k€50k▲
Profit (loss) for the period9904€47k€111k▲
Profit (loss) for the period to be appropriated9905€47k€111k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€111k▲
Transfer to equity691/2€47k€111k▲
To other reserves6921€47k€111k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €15k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €33k | €67k | €46k | €48k | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €26k | €40k | €48k | €49k | ▲ 0.1% |
| Other operating charges640/8 | €2k | €9k | €5k | €6k | €8k | ▲ 20.2% |
| Non-recurring operating charges66A | - | €9k | €49 | - | - | - |
| Gross operating margin9900 | €229k | €411k | €158k | €181k | €277k | ▲ 52.9% |
| Operating profit (loss)9901 | €214k | €335k | €45k | €80k | €172k | ▲ 116% |
| Financial income75/76B | €1k | €109 | €44 | €11 | €4 | ▼ 66.7% |
| Recurring financial income75 | €1k | €109 | €44 | €11 | €4 | ▼ 66.7% |
| Financial charges65/66B | €4k | €9k | €24k | €13k | €11k | ▼ 9.5% |
| Recurring financial charges65 | €4k | €9k | €24k | €13k | €11k | ▼ 9.5% |
| Profit (loss) for the period before taxes9903 | €211k | €325k | €21k | €67k | €161k | ▲ 139% |
| Income taxes67/77 | €58k | €95k | €6k | €20k | €50k | ▲ 149% |
| Profit (loss) for the period9904 | €153k | €230k | €14k | €47k | €111k | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €153k | €230k | €14k | €47k | €111k | ▲ 135% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.04M | €2.18M | €2.45M | €2.60M | €2.75M | ▲ 5.7% |
| Fixed assets21/28 | €110k | €203k | €203k | €208k | €162k | ▼ 22.2% |
| Tangible fixed assets22/27 | €110k | €203k | €202k | €208k | €161k | ▼ 22.2% |
| Plant, machinery and equipment23 | €6k | €32k | €9k | €7k | €5k | ▼ 32.1% |
| Furniture and vehicles24 | €36k | €49k | €83k | €61k | €43k | ▼ 30.2% |
| Leasing and similar rights25 | - | €52k | €40k | €28k | €16k | ▼ 42.0% |
| Other tangible fixed assets26 | €68k | €70k | €69k | €111k | €97k | ▼ 12.2% |
| Financial fixed assets28 | - | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €927k | €1.98M | €2.25M | €2.39M | €2.59M | ▲ 8.1% |
| Stocks and contracts in progress3 | €798k | €1.55M | €1.99M | €2.04M | €2.21M | ▲ 8.2% |
| Stocks30/36 | €798k | €1.55M | €1.99M | €2.04M | €2.21M | ▲ 8.2% |
| Amounts receivable within one year40/41 | €105k | €287k | €138k | €155k | €238k | ▲ 53.6% |
| Trade receivables40 | €84k | €287k | €99k | €64k | €238k | ▲ 270% |
| Other amounts receivable41 | €21k | - | €39k | €91k | - | - |
| Cash at bank and in hand54/58 | €24k | €132k | €120k | €198k | €129k | ▼ 34.8% |
| Deferred charges and accrued income490/1 | €158 | €8k | €1k | €1k | €14k | ▲ 1,334% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.04M | €2.18M | €2.45M | €2.60M | €2.75M | ▲ 5.7% |
| Equity10/15 | €158k | €388k | €403k | €450k | €560k | ▲ 24.6% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €153k | €383k | €398k | €445k | €555k | ▲ 24.9% |
| Distributable reserves133 | €153k | €383k | €398k | €445k | €555k | ▲ 24.9% |
| Amounts payable17/49 | €879k | €1.79M | €2.05M | €2.15M | €2.19M | ▲ 1.8% |
| Amounts payable after more than one year17 | €75k | €491k | €329k | €164k | €4k | ▼ 97.5% |
| Financial debts170/4 | €75k | €491k | €329k | €164k | €4k | ▼ 97.5% |
| Amounts payable within one year42/48 | €803k | €1.30M | €1.71M | €1.99M | €2.18M | ▲ 9.5% |
| Current portion of amounts payable after more than one year42 | - | €157k | €161k | €166k | €160k | ▼ 3.5% |
| Trade debts44 | €39k | €73k | €184k | €235k | €77k | ▼ 67.4% |
| Suppliers440/4 | €39k | €73k | €184k | €235k | €77k | ▼ 67.4% |
| Advances received on contracts in progress46 | €3k | - | - | - | €2k | - |
| Taxes, remuneration and social security45 | €59k | €216k | €117k | €36k | €72k | ▲ 103% |
| Taxes450/3 | €59k | €209k | €104k | €23k | €63k | ▲ 173% |
| Remuneration and social security454/9 | - | €8k | €12k | €13k | €9k | ▼ 25.0% |
| Other amounts payable47/48 | €702k | €852k | €1.25M | €1.55M | €1.87M | ▲ 20.3% |
| Accrued charges and deferred income492/3 | €1k | €1k | €1k | - | €9k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €153k | €230k | €14k | €47k | €111k | ▲ 135% |
| + Depreciation and write-downs630 | €13k | €26k | €40k | €48k | €49k | ▲ 0.1% |
| Operating cash flow (approximation) | €166k | €256k | €55k | €96k | €159k | ▲ 66.8% |
| Investment in fixed assets (approximation) | - | €-119k | €-40k | €-54k | €-2k | ▲ 95.7% |
| Change in cash | - | €108k | €-12k | €78k | €-69k | ▼ 189% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500kEq €560k ▲24.6%
5 profitable years in a row build equity to €560k.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
31-12
Financial
Weakest financial yearnet €14k ▼93.8%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2021net €230k ▲50.2%
Operating result €335k, net result €230k, both a record.
31-12
Financial
Equity above €200kEq €388k ▲145%
2 profitable years in a row build equity to €388k.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Boortmeerbeek · 1 establishment unit since 2020
Ground area
1,915 m²
Building footprint
467 m²
Volume, LiDAR
2,958 m³
Parcel 24014D0049/00F000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Leuvensesteenweg 294, 3190 Boortmeerbeek
since 20202.312.215.823
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24014D0049/00F000 | Flanders | 1,915 m² | 1 · 467 m² | 7.1 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.
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Of 345 companies in sector 47812 we hold annual accounts for 205. 140 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
Founded18-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
Contact
E-mail
info@mkmotiv.com
Scores and ratios are computed by Checked and are not a credit decision.