MKR2
ActiveMKR2 has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €580k and a net result of €636k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 29% of 10253 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▼-4
Solvency44▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 2.19 against 1.54 in 2024; short-term debt: 44.1% and cash: 34.5% of total assets), but 81.1% of the assets are financed with debt.
Credit advice for your own amount and term
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
18.9%
Return on assets
20.7%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 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 · 7 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
29 d late
2022
8 d late
2020
48 d late
2019
1 d early
2018
13 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€580k▲ 0.1%
2024 · €579k
2018: €435k
2019: €838k
2020: €1.40M
2022: €602k
2023: €572k
2024: €579k
2018 → 2025
Total assets
€3.06M▲ 10.6%
2024 · €2.77M
2018: €3.06M
2019: €2.75M
2020: €3.46M
2022: €2.93M
2023: €3.07M
2024: €2.77M
2018 → 2025
Net result
€636k▼ 6.1%
2024 · €677k
2018: €398k
2019: €508k
2020: €566k
2022: €367k
2023: €274k
2024: €677k
2018 → 2025
Working capital
€1.61M▲ 76.6%
2024 · €914k
2018: €1.49M
2019: €1.09M
2020: €1.69M
2022: €968k
2023: €1.04M
2024: €914k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€1.40M-€602k▼ 57.0%€572k▼ 4.9%€579k▲ 1.2%€580k▲ 0.1%
Operating result€608k-€355k▼ 41.6%€225k▼ 36.7%€777k▲ 245%€688k▼ 11.4%
Net result€566k-€367k▼ 35.2%€274k▼ 25.3%€677k▲ 147%€636k▼ 6.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.06M
Fixed assets
€97k▼ 38.7%
Current assets
€2.97M▲ 13.6%
Equity and liabilities €3.06M
Equity
€580k▲ 0.1%
Debt
€2.48M▲ 13.4%
The debt ratio rises from 79.1% to 81.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€749k▼
2024 · €844k
Cash flow
€697k▼
2024 · €744k
Solvency
18.9%▼
2024 · 20.9%
Current ratio
2.19▲
2024 · 1.54
Quick ratio
1.64▲
2024 · 1.14
Debt / equity
4.28▲
2024 · 3.78
ROE
109.6%▼
2024 · 116.9%
ROA
20.7%▼
2024 · 24.4%
Interest coverage
19.34▼
2024 · 20.40
Debt
€2.48M▲
2024 · €2.19M
Debt ≤ 1 year
€1.35M▼
2024 · €1.70M
Debt > 1 year
€1.13M▲
2024 · €493k
Income taxes
€215k▼
2024 · €232k
Staff costs
€862k▼
2024 · €974k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.77M€3.06M▲
Fixed assets21/28€159k€97k▼
Tangible fixed assets22/27€158k€97k▼
Plant, machinery and equipment23€79k€61k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€74k€33k▼
Financial fixed assets28€595€595=
Current assets29/58€2.61M€2.97M▲
Stocks and contracts in progress3€669k€743k▲
Stocks30/36€669k€743k▲
Amounts receivable within one year40/41€444k€481k▲
Trade receivables40€314k€268k▼
Other amounts receivable41€130k€213k▲
Current investments50/53€1.05M€660k▼
Cash at bank and in hand54/58€429k€1.06M▲
Deferred charges and accrued income490/1€18k€26k▲
Equity and liabilities
Total equity and liabilities10/49€2.77M€3.06M▲
Equity10/15€579k€580k▲
Contributions10/11€20k€20k=
Reserves13€559k€560k▲
Distributable reserves133€559k€560k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€2.19M€2.48M▲
Amounts payable after more than one year17€493k€1.13M▲
Trade debts175€493k€1.13M▲
Amounts payable within one year42/48€1.70M€1.35M▼
Current portion of amounts payable after more than one year42€172k€172k=
Trade debts44€624k€377k▼
Suppliers440/4€624k€377k▼
Taxes, remuneration and social security45€146k€132k▼
Taxes450/3€13k€0▼
Remuneration and social security454/9€133k€132k▼
Other amounts payable47/48€755k€671k▼
Income statement
Code20242025
Remuneration, social security and pensions62€974k€862k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€61k▼
Other operating charges640/8€4k€6k▲
Gross operating margin9900€1.82M€1.62M▼
Operating profit (loss)9901€777k€688k▼
Financial income75/76B€174k€201k▲
Recurring financial income75€174k€201k▲
Financial charges65/66B€41k€39k▼
Recurring financial charges65€41k€39k▼
Profit (loss) for the period before taxes9903€909k€850k▼
Income taxes67/77€232k€215k▼
Profit (loss) for the period9904€677k€636k▼
Profit (loss) for the period to be appropriated9905€677k€636k▼
Appropriation of the result
Profit (loss) to be appropriated9906€677k€636k▼
Transfer to equity691/2€7k€613▼
To other reserves6921€7k€613▼
Profit to be distributed694/7€670k€635k▼
Return on contributions (dividend)694€670k€635k▼
Social balance
Average headcount (FTE)908734.918.6▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2024
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
31-03
Financial
Highest result since 2018net €677k ▲147%
Operating result €777k, net result €677k, both a record.
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
31-03
Financial
Weakest financial yearnet €274k ▼25.3%
Net result drops to €274k, the lowest in the series; recovery starts the following year.
2022
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2021
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 48 days late
2020
31-12
Financial
Equity above €1MEq €1.40M ▲67.1%
3 profitable years in a row build equity to €1.40M.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €500kEq €838k ▲92.8%
2 profitable years in a row build equity to €838k.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 2017
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.
Oudenaardsesteenweg 809000 GentGround area
1.6 ha
Building footprint
6,113 m²
Volume, LiDAR
53,632 m³
Parcel 44809I0526/00S000, Flanders · tallest building 15.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AD Zwijnaarde
since 20172.267.525.448
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0526/00S000 | Flanders | 1.6 ha | 1 · 6,112 m² | 15.0 m · 3 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 3,500 EUR awarded · 3,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
Schemes
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.267.525.448
Dual-learning approval
3 live approvals · 9 endedOnthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 10,530 companies in sector 47110 we hold annual accounts for 5,858. 2,951 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-08-2017
Fiscal year end31-03
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47114Supermarkets
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.