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MNK

Active
Private limited companyfounded 20215 yrs activeKBO/BCE: BE 0774.629.825
Summary

The computed 12-month bankruptcy probability of MNK is 5.0% (elevated). The 2024 annual accounts show equity of €17,036 and a net result of €19,628. Equity is growing by ~171.6% per year across the filed fiscal years. Its solvency ranks better than 45% of 15869 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency58▲+58
Growth78▲+20
Track record86
Bankruptcy probability, 12 months
5.0% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.49; short-term debt: 67.3% and cash: 0.9% of total assets), and 67.3% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 2024
Solvency, return and age of the figures
Solvency
32.7%
Return on assets
37.7%
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 27-08-2025, 27 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
27 d late
2023
61 d late
2022
24 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 37 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

On 27 September 2021, MNK was incorporated as a Private limited company.1 The company has filed 3 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€17,036
2023 · -€5,593
Total assets
€52,059▲ 7,024%
2023 · €731
Net result
€19,628
2023 · -€3,433
Working capital
€17,036
2023 · -€5,593
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result-€11,700--€3,279▲ 72.0%€21,342
Net result-€12,159below the sector's middle half--€3,433within the sector's middle half▲ 71.8%€19,628within the sector's middle half
Equity-€2,159below the sector's middle half--€5,593below the sector's middle half▼ 159%€17,036within the sector's middle half
Total assets€75below the sector's middle half-€731below the sector's middle half▲ 875%€52,059below the sector's middle half▲ 7,024%
Debt€2,234-€6,323▲ 183%€35,023▲ 454%
Working capital-€2,159within the sector's middle half--€5,593within the sector's middle half▼ 159%€17,036within the sector's middle half
Solvency32.7%within the sector's middle half
Current ratio1.49within the sector's middle half
Return on assets (ROA)37.7%above the sector's middle half
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
-€20,000-€10,000€0€10,000€20,000Operating result 2022: -€11,700-€11,700Net result 2022: -€12,159-€12,159Operating result 2023: -€3,279-€3,279Net result 2023: -€3,433-€3,433Operating result 2024: €21,342€21,342Net result 2024: €19,628€19,628202220232024-€20,000-€10,000€0€10,000€20,000Operating result 2022: -€11,700-€11,700Net result 2022: -€12,159-€12,200Operating result 2023: -€3,279-€3,280Net result 2023: -€3,433-€3,430Operating result 2024: €21,342€21,300Net result 2024: €19,628€19,600202220232024
The operating result returns to profit in 2024: €21,342 after a loss of €3,279 in 2023, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €52,059
Equity €17,036
Debt €35,023
Debt finances 67.3% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
Debt to equity
2.06
ROE
115.2%
Debt ≤ 1 year
€35,023▲
2023 · €6,323
Income taxes
€1,151
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 5.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
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 26,975 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 · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€731€52,059▲
Current assets29/58€731€52,059▲
Amounts receivable within one year40/41€346€51,574▲
Trade receivables40-€51,020
Other amounts receivable41€346€554▲
Cash at bank and in hand54/58€60€485▲
Deferred charges and accrued income490/1€324-
Equity and liabilities
Total equity and liabilities10/49€731€52,059▲
Equity10/15-€5,593€17,036▲
Contributions10/11€10,000€13,000▲
Profit (loss) carried forward14-€15,593€4,036▲
Amounts payable17/49€6,323€35,023▲
Amounts payable within one year42/48€6,323€35,023▲
Trade debts44€889€28,639▲
Suppliers440/4€889€28,639▲
Taxes, remuneration and social security45-€1,151
Taxes450/3-€1,151
Other amounts payable47/48€5,434€5,234▼
Income statement Code20232024
Goods, raw materials, services and sundry goods60/61-€150,559
Other operating charges640/8€817€75▼
Gross operating margin9900-€2,462€21,417▲
Operating profit (loss)9901-€3,279€21,342▲
Financial income75/76B-€468
Recurring financial income75-€468
Financial charges65/66B€155€1,031▲
Recurring financial charges65€155€1,031▲
Profit (loss) for the period before taxes9903-€3,433€20,779▲
Income taxes67/77-€1,151
Profit (loss) for the period9904-€3,433€19,628▲
Profit (loss) for the period to be appropriated9905-€3,433€19,628▲
Appropriation of the result
Profit (loss) to be appropriated9906-€15,593€4,036▲
Profit (loss) brought forward from the previous period14P-€12,159-€15,593▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Goods, raw materials, services and sundry goods60/61--€150,559-
Other operating charges640/8€263€817€75▼ 90.8%
Gross operating margin9900-€11,437-€2,462€21,417▲ 970%
Operating profit (loss)9901-€11,700-€3,279€21,342▲ 751%
Financial income75/76B--€468-
Recurring financial income75--€468-
Financial charges65/66B€460€155€1,031▲ 567%
Recurring financial charges65€460€155€1,031▲ 567%
Profit (loss) for the period before taxes9903-€12,159-€3,433€20,779▲ 705%
Income taxes67/77--€1,151-
Profit (loss) for the period9904-€12,159-€3,433€19,628▲ 672%
Profit (loss) for the period to be appropriated9905-€12,159-€3,433€19,628▲ 672%
Line202220232024Change
Assets
Total assets20/58€75€731€52,059▲ 7,024%
Current assets29/58€75€731€52,059▲ 7,024%
Amounts receivable within one year40/41-€346€51,574▲ 14,801%
Trade receivables40--€51,020-
Other amounts receivable41-€346€554▲ 60.1%
Cash at bank and in hand54/58€75€60€485▲ 705%
Deferred charges and accrued income490/1-€324--
Equity and liabilities
Total equity and liabilities10/49€75€731€52,059▲ 7,024%
Equity10/15-€2,159-€5,593€17,036▲ 405%
Contributions10/11€10,000€10,000€13,000▲ 30.0%
Profit (loss) carried forward14-€12,159-€15,593€4,036▲ 126%
Amounts payable17/49€2,234€6,323€35,023▲ 454%
Amounts payable within one year42/48€2,234€6,323€35,023▲ 454%
Trade debts44-€889€28,639▲ 3,121%
Suppliers440/4-€889€28,639▲ 3,121%
Taxes, remuneration and social security45--€1,151-
Taxes450/3--€1,151-
Other amounts payable47/48€2,234€5,434€5,234▼ 3.7%
Line202220232024Change
Profit (loss) for the period9904-€12,159-€3,433€19,628▲ 672%
Operating cash flow (approximation)-€12,159-€3,433€19,628▲ 672%
Change in cash--€15€425▲ 2,998%

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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Timeline · acts, filings and financial milestones

2026
31-08
KBO administration Address struck
event 11-08-2026
20-03
State Gazette act Resignation: Riza Baysal (director)
Director discharge · Share transfer4 facts ▸
  • General meeting, 21/01/2026
  • Director resignation, Riza Baysal (director)
  • Director discharge, Riza Baysal
  • Share transfer, Riza Baysal → Mehdi Buyukkaplan
2025
27-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial Back to profitnet €19,628
Net result €19,628 after 2 loss-making years.
31-12
Financial Liquidity times 13current ratio 1.49
Current ratio from 0.12 to 1.49.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
24-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
SignalFinancial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts

Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1,907 m²
Building footprint
1,788 m²
Volume, LiDAR
27,322 m³
Parcel 21807G0089/00A007, Brussels · tallest building 32.0 m, ±2 floors. Linked by address, not a title deed.
227 companies at this address See who is registered here
1 establishment unit
MNK SRL
Wholesale of household textiles and bedding
since 20212.326.551.829
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0089/00A007 Brussels 1,907 m² 1 · 1,788 m² 32.0 m · 2 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.

Mandate history

1 person since 2026, 0 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Riza BAYSAL
  • Director, until 20-03-2026
See the board, name and seat on a given date →

Structure & network

Connections & network

No current directors or connected companies found in the register.

Capital and shareholders

Shareholders according to the acts
Share transfer act of 20-03-2026 ↗

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Similar companies · same sector, comparable size

Of 687 companies in sector 46412 we hold annual accounts for 518. 223 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
Founded27-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
46412Wholesale of household textiles and bedding
47512Retail sale of household textiles and bedding
74130Interior design
Contact
E-mail kaplan@mink.com.tr
Phone 026396910
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.