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MKS DEVO

Active
Private limited companyfounded 2023active for 3 yearsWittestraat 103, 2020 Antwerpen, Belgium10 active companies are registered at this addressKBO/BCE: BE 0804.322.515
Summary

MKS DEVO has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €138,052 and a net result of -€61,948. Its solvency ranks better than 59% of 9,771 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (13 days) Filed on 13 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00567690.

Equity
€138,052
Total assets
€267,679
Net result
-€61,948
Working capital
€138,052

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition
Equity and liabilities €267,679
Equity €138,052
Debt €129,627
Debt finances 48.4% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
-€58,547
Cash flow
-€59,595
Current ratio
2.06
Quick ratio
1.55
Debt to equity
0.94
ROE
-44.9%
ROA
-23.1%
Interest coverage
-54.80
Debt ≤ 1 year
€129,627

Peer companies

Historical observation

Of the 3,223 companies that looked in July 2024 the way this one looks now, 3.4% went bankrupt within 24 months and 87.7% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.4% went bankrupt
8.7% stopped otherwise
87.7% 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 1.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
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 74.5% 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 3,223 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
Filed annual accounts As filed with the NBB · 2025 · 31 lines
Balance sheet Code2025
Assets
Total assets20/58€267,679
Current assets29/58€267,679
Stocks and contracts in progress3€66,942
Stocks30/36€66,942
Amounts receivable within one year40/41€156,043
Trade receivables40€155,632
Other amounts receivable41€411
Cash at bank and in hand54/58€44,695
Equity and liabilities
Total equity and liabilities10/49€267,679
Equity10/15€138,052
Contributions10/11€200,000
Profit (loss) carried forward14-€61,948
Amounts payable17/49€129,627
Amounts payable within one year42/48€129,627
Trade debts44€102,388
Suppliers440/4€102,388
Taxes, remuneration and social security45€26,617
Taxes450/3€26,617
Other amounts payable47/48€622
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,353
Other operating charges640/8€118
Gross operating margin9900-€58,429
Operating profit (loss)9901-€60,900
Financial income75/76B€20
Recurring financial income75€20
Financial charges65/66B€1,068
Recurring financial charges65€1,068
Profit (loss) for the period before taxes9903-€61,948
Profit (loss) for the period9904-€61,948
Profit (loss) for the period to be appropriated9905-€61,948
Appropriation of the result
Profit (loss) to be appropriated9906-€61,948

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,353
Other operating charges640/8€118
Gross operating margin9900-€58,429
Operating profit (loss)9901-€60,900
Financial income75/76B€20
Recurring financial income75€20
Financial charges65/66B€1,068
Recurring financial charges65€1,068
Profit (loss) for the period before taxes9903-€61,948
Profit (loss) for the period9904-€61,948
Profit (loss) for the period to be appropriated9905-€61,948
Line2025
Assets
Total assets20/58€267,679
Current assets29/58€267,679
Stocks and contracts in progress3€66,942
Stocks30/36€66,942
Amounts receivable within one year40/41€156,043
Trade receivables40€155,632
Other amounts receivable41€411
Cash at bank and in hand54/58€44,695
Equity and liabilities
Total equity and liabilities10/49€267,679
Equity10/15€138,052
Contributions10/11€200,000
Profit (loss) carried forward14-€61,948
Amounts payable17/49€129,627
Amounts payable within one year42/48€129,627
Trade debts44€102,388
Suppliers440/4€102,388
Taxes, remuneration and social security45€26,617
Taxes450/3€26,617
Other amounts payable47/48€622
Line2025
Profit (loss) for the period9904-€61,948
+ Depreciation and write-downs630€2,353
Operating cash flow (approximation)-€59,595

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-03-2025 abbreviated format 13-11-2025 2025-00567690

Similar companies · same sector, comparable size

Of the 527 active companies whose main activity is wholesale trade (NACE 46120), figures are known for 305. 208 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.