MKSD Immo
ActiveSummary
The computed 12-month bankruptcy probability of MKSD Immo is 2.4% (moderate). The 2025 annual accounts show negative equity (€-86k) and a net result of €-20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 830 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-1
Solvency4▼-3
Growth72▲+17
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.12 in 2024; short-term debt: 98.7% and cash: 0.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
-20.9%
Return on assets
-4.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192122232425
2018 to 2025 · latest year €-86k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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
20 d late
2024
46 d late
2023
13 d early
2022
32 d late
2021
50 d late
2020
31 d late
2019
53 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€71k▲ 27.3%
2024 · €56k
2021: €7k
2022: €924k
2023: €292k
2024: €56k
2021 → 2025
EBIT margin
0.9%▲ 189.6pp
2024 · -188.7%
2021: -652.5%
2022: 19.4%
2023: 23.5%
2024: -188.7%
2021 → 2025
Net result
€-20k▲ 81.7%
2024 · €-108k
2018: €-32k
2019: €-45k
2021: €-46k
2022: €165k
2023: €17k
2024: €-108k
2018 → 2025
Working capital
€-391k▼ 33.4%
2024 · €-293k
2018: €-534k
2019: €-562k
2021: €-616k
2022: €-258k
2023: €-216k
2024: €-293k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€7k-€924k▲ 13,801%€292k▼ 68.4%€56k▼ 80.9%€71k▲ 27.3%
Equity€-141k-€24k€41k▲ 69.9%€-66k€-86k▼ 29.8%
Operating result€-43k-€179k€69k▼ 61.7%€-105k€629
Net result€-46k-€165k€17k▼ 89.7%€-108k€-20k▲ 81.7%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €629 after a loss of €105k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €410k
Fixed assets
€397k ▲ 17.9%
Current assets
€13k ▼ 66.6%
Key figures and ratios
EBITDA
€45k▲
2024 · €42k
Cash flow
€25k▼
2024 · €40k
Solvency
-20.9%▼
2024 · -17.6%
Current ratio
0.03▼
2024 · 0.12
Debt to equity
-5.78▲
2024 · -6.68
ROA
-4.8%▲
2024 · -28.6%
Interest coverage
4.35▼
2024 · 19.24
Debt
€496k▲
2024 · €442k
Debt ≤ 1 year
€405k▲
2024 · €333k
Debt > 1 year
€91k▼
2024 · €109k
Income taxes
€10k
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€376k€410k▲
Fixed assets21/28€337k€397k▲
Tangible fixed assets22/27€337k€397k▲
Land and buildings22-€310k
Plant, machinery and equipment23€140k-
Furniture and vehicles24€23k€24k▲
Leasing and similar rights25€163k-
Assets under construction and advance payments27€10k€63k▲
Financial fixed assets28-€0
Current assets29/58€39k€13k▼
Amounts receivable within one year40/41€18k€6k▼
Trade receivables40€13k€1k▼
Other amounts receivable41€5k€5k▼
Cash at bank and in hand54/58€7k€711▼
Deferred charges and accrued income490/1€15k€6k▼
Equity and liabilities
Total equity and liabilities10/49€376k€410k▲
Equity10/15€-66k€-86k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-87k€-106k▼
Amounts payable17/49€442k€496k▲
Amounts payable after more than one year17€109k€91k▼
Financial debts170/4€109k€91k▼
Amounts payable within one year42/48€333k€405k▲
Current portion of amounts payable after more than one year42€18k€18k=
Trade debts44€113k€111k▼
Suppliers440/4€113k€111k▼
Taxes, remuneration and social security45-€13k
Taxes450/3-€13k
Other amounts payable47/48€202k€263k▲
Income statement
Code20242025
Turnover70€56k€71k▲
Goods, raw materials, services and sundry goods60/61€11k€21k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€147k€45k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€4k
Other operating charges640/8€3k€340▼
Gross operating margin9900€45k€50k▲
Operating profit (loss)9901€-105k€629▲
Financial income75/76B€32€2▼
Recurring financial income75€32€2▼
Financial charges65/66B€2k€10k▲
Recurring financial charges65€2k€10k▲
Profit (loss) for the period before taxes9903€-108k€-10k▲
Income taxes67/77-€10k
Profit (loss) for the period9904€-108k€-20k▲
Profit (loss) for the period to be appropriated9905€-108k€-20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-87k€-106k▼
Profit (loss) brought forward from the previous period14P€21k€-87k▼
The notes to these accounts (10 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
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 20 days late
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 46 days late
2024
31-12
Financial
Weakest financial yearnet €-108k ▼732%
Net result drops to €-108k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
31-12
Financial
Back to profitnet €165k
Net result €165k after 3 loss-making years.
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 50 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 53 days late
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 69 days late
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Jans-Molenbeek
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.
Opzichterstraat 1171080 Sint-Jans-MolenbeekGround area
241 m²
Building footprint
101 m²
Volume, LiDAR
1,183 m³
Parcel 21012A0125/00Z006, Brussels · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0125/00Z006 | Brussels | 241 m² | 1 · 101 m² | 17.3 m · 5 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.
Similar companies · same sector, comparable size
DSS CONSTRUCT
BE 0828.152.544
Ichtegem · Eq €41,410
IRON
BE 0460.079.710
Tubize · Eq €41,401
Ducastel & Fils
BE 0894.181.929
Leuze-en-Hainaut · Eq €41,396
IMM GROUP
BE 1002.896.955
Wezembeek-Oppem · Eq €41,423
Hooyberghs Michiel
BE 0778.890.994
Turnhout · Eq €41,387
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,891 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
68121Development of residential building projects
43110Demolition
43240Other construction installation
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.