MKR3
ActiveSummary
The computed 12-month bankruptcy probability of MKR3 is 2.5% (moderate). The 2024 annual accounts show equity of €45,952 and a net result of -€6,868. Equity is growing by ~43% per year across the filed fiscal years. Its solvency ranks better than 80% of 2091 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability25▼-60
Solvency89▲+13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.33 in 2023; short-term debt: 35.6% and cash: 27.7% of total assets), and 35.6% of the assets are financed with debt.
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Signals
Four 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% 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 2024Solvency, return and age of the figures
Solvency
64.4%
Return on assets
-9.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-08-2025, 2 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
2 d late
2023
122 d late
2022
32 d late
2021
25 d late
2020
25 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 40 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€45,952▼ 13.0%
2023 · €52,820
Total assets
€71,362▼ 31.6%
2023 · €104,380
Net result
-€6,868
2023 · €13,820
Working capital
€18,514▲ 8.1%
2023 · €17,134
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€2,964▲ 18.6%€17,889€29,600▲ 65.5%€27,584▼ 6.8%€3,550▼ 87.1%
Net result-€3,232within the sector's middle half▲ 12.6%€18,310within the sector's middle half€21,420within the sector's middle half▲ 17.0%€13,820within the sector's middle half▼ 35.5%-€6,868below the sector's middle half
Equity-€730below the sector's middle half€17,580within the sector's middle half€39,001within the sector's middle half▲ 122%€52,820within the sector's middle half▲ 35.4%€45,952within the sector's middle half▼ 13.0%
Total assets€32,320below the sector's middle half▲ 323%€58,164below the sector's middle half▲ 80.0%€74,979below the sector's middle half▲ 28.9%€104,380within the sector's middle half▲ 39.2%€71,362below the sector's middle half▼ 31.6%
Debt€33,050▲ 543%€40,584▲ 22.8%€35,978▼ 11.3%€51,560▲ 43.3%€25,410▼ 50.7%
Working capital-€4,419within the sector's middle half€15,224within the sector's middle half€32,604within the sector's middle half▲ 114%€17,134within the sector's middle half▼ 47.4%€18,514within the sector's middle half▲ 8.1%
Solvency-2.3%below the sector's middle half▼ 35.0pp30.2%within the sector's middle half▲ 32.5pp52.0%within the sector's middle half▲ 21.8pp50.6%within the sector's middle half▼ 1.4pp64.4%above the sector's middle half▲ 13.8pp
Current ratio0.87within the sector's middle half▼ 0.401.38within the sector's middle half▲ 0.511.91within the sector's middle half▲ 0.531.33within the sector's middle half▼ 0.571.73within the sector's middle half▲ 0.40
Return on assets (ROA)-10.0%below the sector's middle half▲ 38.4pp31.5%above the sector's middle half▲ 41.5pp28.6%above the sector's middle half▼ 2.9pp13.2%within the sector's middle half▼ 15.3pp-9.6%below the sector's middle half▼ 22.9pp
Staff (FTE)35.4▲ 80.0%4.5▼ 16.7%4.6▲ 2.2%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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 has fallen two years in a row; 2024 is 87% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €71,362
Fixed assets
€27,438 ▼ 23.1%
Current assets
€43,924 ▼ 36.1%
Equity and liabilities €71,362
Equity
€45,952 ▼ 13.0%
Debt
€25,410 ▼ 50.7%
Debt's share of the balance-sheet total falls from 49.4% to 35.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11,798▼
2023 · €33,922
Cash flow
€1,380▼
2023 · €20,158
Quick ratio
1.61▲
2023 · 1.27
Debt to equity
0.55▼
2023 · 0.98
ROE
-14.9%▼
2023 · 26.2%
Interest coverage
2.20▼
2023 · 6.88
Debt ≤ 1 year
€25,410▼
2023 · €51,560
Income taxes
€5,619▼
2023 · €8,996
Staff costs
€136,812▼
2023 · €151,266
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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 497,340 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 3,441 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €68,772 | €71,837 | €151,266 | €136,812 | ▼ 9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,467 | €1,333 | €2,472 | €6,338 | €8,248 | ▲ 30.1% |
| Other operating charges640/8 | - | €1,089 | €647 | €1,461 | €6,228 | ▲ 326% |
| Gross operating margin9900 | -€1,264 | €89,083 | €104,555 | €186,649 | €154,837 | ▼ 17.0% |
| Operating profit (loss)9901 | -€2,964 | €17,889 | €29,600 | €27,584 | €3,550 | ▼ 87.1% |
| Financial income75/76B | - | €1,296 | - | €165 | €569 | ▲ 246% |
| Recurring financial income75 | - | €1,296 | - | €165 | €569 | ▲ 246% |
| Financial charges65/66B | - | €875 | €4,634 | €4,933 | €5,368 | ▲ 8.8% |
| Recurring financial charges65 | €103 | €875 | €4,634 | €4,933 | €5,368 | ▲ 8.8% |
| Profit (loss) for the period before taxes9903 | -€3,067 | €18,310 | €24,966 | €22,816 | -€1,249 | ▼ 105% |
| Income taxes67/77 | €165 | - | €3,545 | €8,996 | €5,619 | ▼ 37.5% |
| Profit (loss) for the period9904 | -€3,232 | €18,310 | €21,420 | €13,820 | -€6,868 | ▼ 150% |
| Profit (loss) for the period to be appropriated9905 | -€3,232 | €18,310 | €21,420 | €13,820 | -€6,868 | ▼ 150% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32,320 | €58,164 | €74,979 | €104,380 | €71,362 | ▼ 31.6% |
| Fixed assets21/28 | €3,690 | €2,356 | €6,397 | €35,686 | €27,438 | ▼ 23.1% |
| Intangible fixed assets21 | - | - | - | €14,400 | €10,800 | ▼ 25.0% |
| Tangible fixed assets22/27 | €3,690 | €2,356 | €6,397 | €21,286 | €16,638 | ▼ 21.8% |
| Plant, machinery and equipment23 | - | €579 | €3,420 | €8,560 | €6,600 | ▼ 22.9% |
| Furniture and vehicles24 | - | €1,778 | €2,064 | €12,726 | €10,038 | ▼ 21.1% |
| Other tangible fixed assets26 | - | - | €912 | - | - | - |
| Current assets29/58 | €28,630 | €55,808 | €68,582 | €68,694 | €43,924 | ▼ 36.1% |
| Stocks and contracts in progress3 | €2,750 | €2,750 | €2,650 | €3,000 | €3,000 | = |
| Stocks30/36 | - | €2,750 | €2,650 | €3,000 | €3,000 | = |
| Amounts receivable within one year40/41 | €15,321 | €42,225 | €44,135 | €45,835 | €17,349 | ▼ 62.1% |
| Trade receivables40 | - | €564 | €2,646 | €17,931 | €17,349 | ▼ 3.2% |
| Other amounts receivable41 | - | €41,660 | €41,489 | €27,903 | - | - |
| Cash at bank and in hand54/58 | €10,560 | €10,833 | €20,614 | €17,172 | €19,782 | ▲ 15.2% |
| Deferred charges and accrued income490/1 | - | - | €1,183 | €2,688 | €3,793 | ▲ 41.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32,320 | €58,164 | €74,979 | €104,380 | €71,362 | ▼ 31.6% |
| Equity10/15 | -€730 | €17,580 | €39,001 | €52,820 | €45,952 | ▼ 13.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€6,930 | €11,380 | €32,801 | €46,620 | €39,752 | ▼ 14.7% |
| Amounts payable17/49 | €33,050 | €40,584 | €35,978 | €51,560 | €25,410 | ▼ 50.7% |
| Amounts payable within one year42/48 | €33,050 | €40,584 | €35,978 | €51,560 | €25,410 | ▼ 50.7% |
| Trade debts44 | €15,459 | €21,107 | €6,939 | €17,487 | €4,562 | ▼ 73.9% |
| Suppliers440/4 | - | €21,107 | €6,939 | €17,487 | €4,562 | ▼ 73.9% |
| Taxes, remuneration and social security45 | - | €19,477 | €29,039 | €34,073 | €20,848 | ▼ 38.8% |
| Taxes450/3 | - | €6,065 | €6,701 | €13,488 | €5,027 | ▼ 62.7% |
| Remuneration and social security454/9 | - | €13,412 | €22,337 | €20,585 | €15,820 | ▼ 23.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,232 | €18,310 | €21,420 | €13,820 | -€6,868 | ▼ 150% |
| + Depreciation and write-downs630 | €1,467 | €1,333 | €2,472 | €6,338 | €8,248 | ▲ 30.1% |
| Operating cash flow (approximation) | -€1,765 | €19,643 | €23,892 | €20,158 | €1,380 | ▼ 93.2% |
| Investment in fixed assets (approximation) | - | €0 | -€6,512 | -€35,628 | €0 | ▲ 100% |
| Change in cash | - | €273 | €9,781 | -€3,442 | €2,611 | ▲ 176% |
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
2025
02-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 2 days late
2024
31-12
Financial
Weakest financial yearnet -€6,868
Net result drops to -€6,868, the lowest in the series.
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2019net €21,420 ▲17%
Operating result €29,600, net result €21,420, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Back to profitnet €18,310
Net result €18,310 after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Vilvoorde · 1 establishment unit since 2019
Ground area
149 m²
Building footprint
46 m²
Volume, LiDAR
459 m³
Parcel 23643G0470/00Y002, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MKR3
since 20192.288.591.571
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643G0470/00Y002 | Flanders | 149 m² | 1 · 46 m² | 13.2 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVilvoorde2.288.591.571
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Of 4,230 companies in sector 10712 we hold annual accounts for 1,875. 1,515 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 (pre-2019)
Founded12-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
E-invoicing
Reachable via Peppol
Peppol ID
0208:0724838636
Also
9925:BE0724838636
Registered
12-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.