MKW
ActiveMKW has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-67k) and a net result of €488. Equity is shrinking by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 6963 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
8
/ 100
Critical▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.39 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-159.4%
Return on assets
1.2%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 6963 sector peers (2025).
NBB · sector comparisonPosition among 6963 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
27 d late
2023
58 d late
2022
49 d late
2021
79 d late
2020
30 d late
2019
27 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-67k▲ 0.7%
2024 · €-67k
2018: €-14k
2019: €-9k
2020: €100
2021: €-23k
2022: €-46k
2023: €-69k
2024: €-67k
2018 → 2025
Total assets
€42k▼ 6.4%
2024 · €45k
2018: €81k
2019: €120k
2020: €53k
2021: €57k
2022: €54k
2023: €60k
2024: €45k
2018 → 2025
Net result
€488▼ 60.9%
2024 · €1k
2018: €45k
2019: €21k
2020: €25k
2021: €-24k
2022: €-23k
2023: €-23k
2024: €1k
2018 → 2025
Working capital
€-68k▼ 1.4%
2024 · €-67k
2018: €-21k
2019: €-13k
2020: €-3k
2021: €6k
2022: €-25k
2023: €-59k
2024: €-67k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-23k-€-46k▼ 96.5%€-69k▼ 48.9%€-67k▲ 1.8%€-67k▲ 0.7%
Operating result€-23k-€-20k▲ 12.2%€-21k▼ 3.8%€3k€2k▼ 39.2%
Net result€-24k-€-23k▲ 3.9%€-23k▲ 0.5%€1k€488▼ 60.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €42k
Fixed assets
€1k▼ 48.1%
Current assets
€41k▼ 4.0%
Key figures and ratios
EBITDA
€3k▼
2024 · €4k
Cash flow
€2k▼
2024 · €3k
Solvency
-159.4%▼
2024 · -150.3%
Current ratio
0.37▼
2024 · 0.39
Quick ratio
0.21▼
2024 · 0.23
Debt / equity
-1.63▲
2024 · -1.67
ROE
-0.7%▲
2024 · -1.9%
ROA
1.2%▼
2024 · 2.8%
Interest coverage
3.10▼
2024 · 3.40
Debt
€109k▼
2024 · €112k
Debt ≤ 1 year
€109k▼
2024 · €110k
Income taxes
€184▲
2024 · €178
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€45k€42k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€1k€781▼
Furniture and vehicles24€1k€478▼
Current assets29/58€42k€41k▼
Stocks and contracts in progress3€17k€18k▲
Stocks30/36€17k€18k▲
Amounts receivable within one year40/41€25k€21k▼
Trade receivables40€20k€21k▲
Other amounts receivable41€5k€28▼
Cash at bank and in hand54/58-€1,000
Deferred charges and accrued income490/1€661€480▼
Equity and liabilities
Total equity and liabilities10/49€45k€42k▼
Equity10/15€-67k€-67k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-86k€-86k▲
Amounts payable17/49€112k€109k▼
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€110k€109k▼
Current portion of amounts payable after more than one year42€10k€3k▼
Financial debts43€187€12k▲
Credit institutions430/8€187€12k▲
Trade debts44€11k€11k▲
Suppliers440/4€11k€11k▲
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€3k▼
Other amounts payable47/48€85k€80k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€5k€4k▼
Operating profit (loss)9901€3k€2k▼
Financial income75/76B€4€0▼
Recurring financial income75€4€0▼
Financial charges65/66B€1k€876▼
Recurring financial charges65€1k€876▼
Profit (loss) for the period before taxes9903€1k€672▼
Income taxes67/77€178€184▲
Profit (loss) for the period9904€1k€488▼
Profit (loss) for the period to be appropriated9905€1k€488▼
Appropriation of the result
Profit (loss) to be appropriated9906€-86k€-86k▲
Profit (loss) brought forward from the previous period14P€-87k€-86k▲
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 49 days late
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 79 days late
2021
31-12
Financial
Weakest financial yearnet €-24k ▼193%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Koekelare · 1 establishment unit since 2004
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.
Berkenlaan 368680 KoekelareGround area
692 m²
Building footprint
202 m²
Volume, LiDAR
962 m³
Parcel 32010C1130/00L004, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MKW
since 20042.139.266.803
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32010C1130/00L004 | Flanders | 692 m² | 1 · 202 m² | 7.9 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKoekelare2.139.266.803
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NUBIWI
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Of 9,807 companies in sector 73110 we hold annual accounts for 3,724. 58 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-09-2004
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
73120Media representation
73200Market research and public opinion polling
82200Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@mkwijnen.be
Phone:0474586186