MXK
ActiveFrom the official registers: KBO 7 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of MXK is 1.8% (moderate). The 2025 annual accounts show equity of €119,319 and a net result of €8,232. Equity is growing by about 49% per year across the filed financial years. Its solvency ranks better than 35% of 1,684 sector peers (NACE 33, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 19-06-2018 Normal situation
- Legal form
- Private limited company
- Registered office
- Stationsstraat 102, 9550 Herzele
- Activity
- Repair and maintenance of machinery NACE 33120and 3 others
- Establishment unit
- 2.277.411.332 9550 Herzele, since 19-06-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 01-12-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 1.8%
- Gross margin
- €88,728
- ▼ 34.8%
- Turnover
- ≈ €270,000
- estimated
- Profit
- €8,232
- ▼ 72.4%
- Equity
- €119,319
- ▲ 7.4%
- Total assets
- €365,232
- ▲ 60.5%
- Staff
- 1.9 FTE
- ▲ 5.6%
Why 53raises riskLast filed accounts filed 54 days late; 1 of the last 3 lateLiquidity: current ratio 1.65, cash €3,007, halvedSector: Repair, maintenance and installation of machinery and equipment (NACE 33)Profit of €8,232 (financial year 2025)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 33, micro): better than 36% on solvency, 15% on liquidity, 25% on profitability and 47% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 42 days after the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed late (54 days) Filed on 23 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00520471.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 23-09-2026
- Format
- micro format
- Reference
- 2026-00520471
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 67% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 33, Repair, maintenance and installation of machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 93.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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%.
| 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 5,047 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €8,333 | - | - | €1 | - |
| Remuneration, social security and pensions62 | - | - | €24,662 | €58,825 | €83,728 | €66,582 | €55,847 | ▼ 16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,057 | €16,928 | €25,413 | €16,897 | €11,897 | €14,542 | €12,954 | ▼ 10.9% |
| Other operating charges640/8 | - | - | €1,725 | €1,244 | €1,966 | €5,715 | €3,488 | ▼ 39.0% |
| Gross operating margin9900 | €31,129 | €27,290 | €83,407 | €105,205 | €130,335 | €136,083 | €88,728 | ▼ 34.8% |
| Operating profit (loss)9901 | €4,615 | €8,864 | €31,607 | €28,238 | €32,744 | €49,245 | €16,440 | ▼ 66.6% |
| Financial income75/76B | - | - | €10 | €1 | €3,802 | €2,881 | €2,794 | ▼ 3.0% |
| Recurring financial income75 | €85 | €55 | €10 | €1 | €3,802 | €2,881 | €2,794 | ▼ 3.0% |
| Financial charges65/66B | - | - | €10,143 | €5,073 | €3,028 | €9,059 | €6,473 | ▼ 28.5% |
| Recurring financial charges65 | €1,479 | €2,715 | €3,743 | €822 | €3,028 | €9,059 | €6,473 | ▼ 28.5% |
| Non-recurring financial charges66B | - | - | €6,400 | €4,251 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €3,221 | €6,204 | €21,474 | €23,167 | €33,518 | €43,067 | €12,761 | ▼ 70.4% |
| Income taxes67/77 | €2,008 | €400 | €7,150 | €7,561 | €7,857 | €13,188 | €4,529 | ▼ 65.7% |
| Profit (loss) for the period9904 | €1,213 | €5,804 | €14,324 | €15,606 | €25,661 | €29,880 | €8,232 | ▼ 72.4% |
| Profit (loss) for the period to be appropriated9905 | €1,213 | €5,804 | €14,324 | €15,606 | €25,661 | €29,880 | €8,232 | ▼ 72.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €116,931 | €90,741 | €125,507 | €185,687 | €282,724 | €227,506 | €365,232 | ▲ 60.5% |
| Fixed assets21/28 | €48,101 | €33,123 | €36,610 | €13,046 | €37,393 | €34,776 | €53,293 | ▲ 53.2% |
| Tangible fixed assets22/27 | €48,101 | €33,123 | €36,610 | €13,046 | €37,393 | €34,776 | €53,293 | ▲ 53.2% |
| Plant, machinery and equipment23 | - | - | €5,161 | €1,788 | €9,034 | €15,966 | €33,326 | ▲ 109% |
| Furniture and vehicles24 | - | - | €31,448 | €11,258 | €28,359 | €18,810 | €19,967 | ▲ 6.1% |
| Current assets29/58 | €68,830 | €57,618 | €88,897 | €172,641 | €245,331 | €192,730 | €311,939 | ▲ 61.9% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | €28,636 | - |
| Stocks30/36 | - | - | - | - | - | - | €28,636 | - |
| Amounts receivable within one year40/41 | €48,852 | €48,867 | €82,852 | €164,225 | €230,126 | €180,815 | €274,284 | ▲ 51.7% |
| Trade receivables40 | - | - | €80,670 | €86,104 | €174,238 | €73,458 | €105,619 | ▲ 43.8% |
| Other amounts receivable41 | - | - | €2,182 | €78,122 | €55,888 | €107,358 | €168,666 | ▲ 57.1% |
| Cash at bank and in hand54/58 | €19,978 | €8,751 | €6,045 | €8,416 | €15,205 | €8,355 | €3,007 | ▼ 64.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €3,559 | €6,012 | ▲ 68.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €116,931 | €90,741 | €125,507 | €185,687 | €282,724 | €227,506 | €365,232 | ▲ 60.5% |
| Equity10/15 | €13,613 | €19,417 | €33,741 | €55,547 | €81,208 | €111,088 | €119,319 | ▲ 7.4% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €100 | €100 | €100 | €15,706 | €41,367 | €71,247 | €79,478 | ▲ 11.6% |
| Non-distributable reserves130/1 | - | - | €100 | €100 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €100 | €100 | - | - | - | - |
| Distributable reserves133 | - | - | - | €15,606 | €41,367 | €71,247 | €79,478 | ▲ 11.6% |
| Profit (loss) carried forward14 | €1,113 | €6,917 | €21,241 | €21,241 | €21,241 | €21,241 | €21,241 | = |
| Amounts payable17/49 | €103,319 | €71,324 | €91,766 | €130,140 | €201,516 | €116,419 | €245,913 | ▲ 111% |
| Amounts payable after more than one year17 | €33,776 | €21,440 | €25,912 | €9,980 | €5,609 | €13,211 | €57,348 | ▲ 334% |
| Financial debts170/4 | - | - | €25,912 | €9,980 | €5,609 | €13,211 | €57,348 | ▲ 334% |
| Amounts payable within one year42/48 | €69,543 | €49,884 | €65,853 | €119,664 | €195,303 | €103,208 | €188,565 | ▲ 82.7% |
| Current portion of amounts payable after more than one year42 | - | - | €25,264 | €24,583 | €12,736 | €19,019 | €19,938 | ▲ 4.8% |
| Financial debts43 | - | - | - | - | - | €317 | €13,050 | ▲ 41× |
| Credit institutions430/8 | - | - | - | - | - | €317 | €13,050 | ▲ 41× |
| Trade debts44 | €30,538 | €14,605 | €32,255 | €77,076 | €151,564 | €50,506 | €119,654 | ▲ 137% |
| Suppliers440/4 | - | - | €32,255 | €77,076 | €151,564 | €50,506 | €119,654 | ▲ 137% |
| Taxes, remuneration and social security45 | - | - | €8,154 | €17,824 | €9,526 | €19,968 | €22,784 | ▲ 14.1% |
| Taxes450/3 | - | - | €8,004 | €15,564 | €9,526 | €19,707 | €16,927 | ▼ 14.1% |
| Remuneration and social security454/9 | - | - | €150 | €2,260 | - | €261 | €5,857 | ▲ 22× |
| Other amounts payable47/48 | - | - | €180 | €180 | €21,477 | €13,396 | €13,139 | ▼ 1.9% |
| Accrued charges and deferred income492/3 | - | - | - | €497 | €604 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,213 | €5,804 | €14,324 | €15,606 | €25,661 | €29,880 | €8,232 | ▼ 72.4% |
| + Depreciation and write-downs630 | €25,057 | €16,928 | €25,413 | €16,897 | €11,897 | €14,542 | €12,954 | ▼ 10.9% |
| Operating cash flow (approximation) | €26,270 | €22,733 | €39,737 | €32,503 | €37,558 | €44,422 | €21,185 | ▼ 52.3% |
| Investment in fixed assets (approximation) | - | -€1,950 | -€28,900 | €6,667 | -€36,244 | -€11,925 | -€31,471 | ▼ 164% |
| Change in cash | - | -€11,227 | -€2,706 | €2,371 | €6,789 | -€6,850 | -€5,348 | ▲ 21.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-09-2026 | 2026-00520471 | NBB |
| 31-12-2024 | micro format | 21-08-2025 | 2025-00388677 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00390434 | |
| 31-12-2022 | micro format | 05-10-2023 | 2023-00478884 | |
| 31-12-2021 | micro format | 08-08-2022 | 2022-20286259 | |
| 31-12-2020 | micro format | 23-09-2021 | 2021-68400230 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-58100142 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €21,013 awarded · €21,013 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €270 | €270 |
| 2024 | 1 | €8,166 | €8,166 |
| 2023 | 1 | €12,577 | €12,577 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Maxime Kemal |
|
How the board is organised
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, algemene vergadering”
Articles of association, deed of 09-11-2023 (in Dutch)
Owners and capital
Capital and shareholders
- 09-11-2023 Converted to unavailable equity
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Drie jaar, één of meerdere commissarissen”Other provision: “Toegang algemene vergadering, houder effecten op naam ingeschreven in register per categorie”Other provision: “Schriftelijke volmacht aan ieder ander persoon al dan niet aandeelhouder door alle middelen van overdracht, beraadslagingen algemene…”Liquidation distribution: “Na aanzuivering schulden,lasten,kosten of consignatie nodige sommen en na herstelling evenwicht bij niet-volgestorte aandelen, netto actief…”2 more provisions in the deed, see the deed of 09-11-2023
Articles of association, deed of 09-11-2023 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
09-11
Gazette deed
Resignation: Maxime Kemal (manager)Appointment: Maxime Kemal (director) · Amendment of the articles · Capital conversion12 facts ▸
- General meeting, 25-10-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, middelen beschikbaar voor uitkering” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Kind of shares, 186, “vergoeding voor inbrengen” (deed in Dutch)
- Other provision, “coördinatie statuten, opdracht aan ondergetekende notaris om coördinatie op te maken en te ondertekenen overeenkomstig vorig besluit en neerlegging in vennootsc…” (deed in Dutch)
- Director resignation, Maxime Kemal (manager)
- Director appointment, Maxime Kemal (director (not named in the articles))
- Director discharge, Maxime Kemal
- Power of attorney, FISCALBO
- Power of attorney, Martina De Deyn
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0698.601.621
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Onderhouds en herstellingswerken van mechanische aard voor rekening van derden; Bouw van autowegen, straten en andere wegen en paden voor…”
19 activities
- Onderhouds en herstellingswerken van mechanische aard voor rekening van derden
- Bouw van autowegen, straten en andere wegen en paden voor voertuigen en voetgangers (inclusief het plaatsen van vangrails)
- Bouw van spoorwegen: aanleggen van de bedding, plaatsen van de rails, uitvoeren en herstellingswerken
- Grondverzet: graven, ophogen, egaliseren en nivelleren van bouwterreinen, graven van sleuven en geulen, verwijderen van rotsen, grondverzet met behulp van explosieven
- Ruimen van bouwterreinen
- Isolatiewerkzaamheden
- Aanbrengen in gebouwen en andere bouwwerken van: thermische isolatiemateriaal – isolatiemateriaal tegen geluid en trillingen
- Isolatiewerkzaamheden aan verwarmingsleidingen en leidingen van koelsystemen
- Isolatie van koelkamers en –pakhuizen
- Installatie van stores en zonneschermen
- Plaatsen van vloer en wandtegels
- Aanbrengen in gebouwen en andere bouwwerven van: vloer of wandtegels van keramische stoffen, beton of gehouwen steen, vloerbedekking en wandbekleding van terrazzo marmer, graniet of lei enzovoort
- Gevelreiniging
- Onderneming voor het uitvoeren van voegwerken
- Chapewerken
- Kleinhandel in nieuwe en gebruikte auto’s voor personenvervoer, inclusief die voor bijzondere doeleinden (bv. ambulances)
- Lappen van ramen
- Vervaardiging van overige artikelen van leer of van kunstleer; drijfriemen, pakking, enz..
- Aan en verkoop van wagens, herstellingen aan wagens en dit in de ruimste zin van het woord
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MXK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
Articles of association, deed of 09-11-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41027B0274/00A003 | Flanders | 1,157 m² | 1 · 265 m² | 15.2 m · 4 |