MXK2
ActiveMXK2 has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €435k and a net result of €-940. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 83% of 19339 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
65
/ 100
Healthy▼ -29 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-3
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 4.43 against 3.95 in 2023), and 21.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
78.1%
Return on assets
-0.2%
Age of the figures
20 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 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
50 d late
2022
60 d late
2021
59 d late
2020
31 d late
2019
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€435k▼ 0.2%
2023 · €436k
2021: €427k
2022: €429k
2023: €436k
2021 → 2024
Total assets
€557k▼ 3.5%
2023 · €578k
2021: €664k
2022: €572k
2023: €578k
2021 → 2024
Net result
€-940
2023 · €2k
2021: €65k
2022: €2k
2023: €2k
2021 → 2024
Working capital
€406k▼ 2.8%
2023 · €418k
2021: €415k
2022: €427k
2023: €418k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€427k-€429k▲ 0.4%€436k▲ 1.8%€435k▼ 0.2%
Operating result€90k-€11k▼ 87.9%€37k▲ 245%€13k▼ 65.7%
Net result€65k-€2k▼ 97.2%€2k▲ 26.3%€-940
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 2024; 2024 is 66% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €557k
Fixed assets
€33k▲ 77.6%
Current assets
€524k▼ 6.2%
Equity and liabilities €557k
Equity
€435k▼ 0.2%
Debt
€122k▼ 13.8%
The debt ratio falls from 24.5% to 21.9%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€15k▼
2023 · €41k
Cash flow
€839▼
2023 · €6k
Solvency
78.1%▲
2023 · 75.5%
Current ratio
4.43▲
2023 · 3.95
Quick ratio
4.39▲
2023 · 3.92
Debt / equity
0.28▼
2023 · 0.32
ROE
-0.2%▼
2023 · 0.5%
ROA
-0.2%▼
2023 · 0.4%
Interest coverage
2.50▼
2023 · 13.48
Debt
€122k▼
2023 · €142k
Debt ≤ 1 year
€118k▼
2023 · €142k
Debt > 1 year
€4k
Income taxes
€8k▼
2023 · €33k
Staff costs
€137k▲
2023 · €131k
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 · 2024 against 2023
Balance sheet
Code20232024
Total assets
20/58€578k€557k▼
Fixed assets
21/28€18k€33k▲
Tangible fixed assets
22/27€18k€33k▲
Current assets
29/58€559k€524k▼
Stocks & contracts in progress
3€4k€4k=
Amounts receivable within one year
40/41€551k€457k▼
Cash & bank
54/58€4k€63k▲
Total equity & liabilities
10/49€578k€557k▼
Equity
10/15€436k€435k▼
Contributions / capital
10/11€7k€7k=
Reserves
13€2k€2k=
Accumulated profits (losses)
14€427k€426k▼
Amounts payable
17/49€142k€122k▼
Amounts payable after one year
17-€4k
Amounts payable within one year
42/48€142k€118k▼
Trade debts payable within one year
44€51k€35k▼
Income statement
Code20232024
Gross operating margin
9900€176k€223k▲
Operating result
9901€37k€13k▼
Financial income
75€596€1▼
Financial charges
65€3k€6k▲
Result before taxes
9903€35k€7k▼
Income taxes
67/77€33k€8k▼
Net result for the period
9904€2k€-940▼
Result to be appropriated
9905€2k€-940▼
Timeline · acts, filings and financial milestones
2025
15-12
State Gazette act
Statutes amendment
v3.2
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-940 ▼141%
Net result drops to €-940, the lowest in the series.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
25-04
State Gazette act
Director changes
v3.2
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
2021
07-12
State Gazette act
Director changes
v3.2
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
3 of 3 acts read
Directors · office · real estate
Directors
2 directors, no change since 2023
Maxime Kemal
CurrentDirector · since 01-04-2023
25-04-2023
Van Laethem Vera: Resigned as Director
01-04-2023
Maxime Kemal: Appointed as Director
18-09-2021
Van Laethem Vera: Appointed as Manager
Location & real-estate footprint
Registered office, Geraardsbergen · 1 establishment unit since 1994
Ground area
1,330 m²
Building footprint
664 m²
Volume, LiDAR
4,458 m³
Parcel 41053A0234/00N000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rapidelaan(Oph) 48, 9500 Geraardsbergen
since 19942.068.889.343
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41053A0234/00N000 | Flanders | 1,330 m² | 1 · 664 m² | 8.3 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.
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
22 Invest
BE 0741.573.908
Antwerpen · Eq €436k
SBT IMMO
BE 0837.268.465
Pelt · Eq €435k
SINABEL CONSULTING
BE 0568.451.573
Bonheiden · Eq €436k
GROENMOLEN
BE 0865.886.435
Oudsbergen · Eq €436k
CHRISTIAENS PROJECTS
BE 0686.622.616
Brugge · Eq €437k
Of 7,278 companies in sector 68110 we hold annual accounts for 5,184. 3,661 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-1994
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 3 actsNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 15-07-2026. Scores and ratios are computed by Checked and are not a credit decision.