MXK2
ActiveSummary
MXK2 has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €427,824 and a net result of -€7,430. Equity is growing by about 6% per year across the filed financial years. Its solvency ranks better than 85% of 16,985 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Staff
- 1.5 FTE
- Equity
- €427,824
- Loss
- -€7,430
Why 84raises riskLatest accounts 60 days late; 3 of the last 3 lateLiquidity: current ratio 4.54, cash €9,133, halvedlowers riskFounded in 1994Equity €427,824 (79.8% of total assets)Show the evidence
Checked score
About 4 in 1,000 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 68, micro): better than 91% on solvency, 40% on liquidity, 19% on profitability and 40% on growth.
The bankruptcy probability was computed on 21-10-2026 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 50 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€7,430
- Resignation: Kemal Maxime (manager)Appointment: Kemal Maxime (director) ·…
Financials · financial year 2025, micro format
2025 annual accounts filed late (60 days) Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00529008.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €4,061 after €12,837 in 2024, 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 68, Real estate activities: 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 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.2% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,473 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% | 1.0% |
| 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 12,322 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €89,000 | €117,263 | ▲ 31.8% |
| Remuneration, social security and pensions62 | - | - | - | €102,700 | €60,964 | €130,692 | €137,207 | €91,051 | ▼ 33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,517 | €22,518 | €22,516 | €25,449 | €17,603 | €3,361 | €1,779 | €4,237 | ▲ 138% |
| Other operating charges640/8 | - | - | - | €4,462 | €5,534 | €4,574 | €71,489 | €27,952 | ▼ 60.9% |
| Gross operating margin9900 | €160,954 | €175,651 | €235,753 | €222,270 | €94,947 | €176,028 | €223,312 | €119,179 | ▼ 46.6% |
| Operating profit (loss)9901 | €29,743 | €54,063 | €96,975 | €89,659 | €10,846 | €37,401 | €12,837 | -€4,061 | - |
| Financial income75/76B | - | - | - | - | €102 | €596 | €1 | €91 | ▲ 15,135% |
| Recurring financial income75 | - | - | - | - | €102 | €596 | €1 | €91 | ▲ 15,135% |
| Financial charges65/66B | - | - | - | €3,392 | €1,114 | €3,025 | €5,836 | €3,460 | ▼ 40.7% |
| Recurring financial charges65 | €5,345 | €5,247 | €4,868 | €3,392 | €1,114 | €3,025 | €5,836 | €3,460 | ▼ 40.7% |
| Profit (loss) for the period before taxes9903 | €24,398 | €48,816 | €100,107 | €86,267 | €9,834 | €34,972 | €7,001 | -€7,430 | - |
| Income taxes67/77 | - | €3,330 | €28,292 | €21,033 | €8,000 | €32,656 | €7,941 | - | - |
| Profit (loss) for the period9904 | €24,398 | €45,486 | €71,815 | €65,234 | €1,834 | €2,316 | -€940 | -€7,430 | ▼ 691% |
| Profit (loss) for the period to be appropriated9905 | €24,398 | €45,486 | €71,815 | €65,234 | €1,834 | €2,316 | -€940 | -€7,430 | ▼ 691% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €635,560 | €708,272 | €691,952 | €663,934 | €572,208 | €577,693 | €557,241 | €536,009 | ▼ 3.8% |
| Fixed assets21/28 | €49,971 | €27,453 | €53,937 | €35,622 | €17,915 | €18,436 | €32,747 | €45,070 | ▲ 37.6% |
| Tangible fixed assets22/27 | €49,971 | €27,453 | €53,937 | €35,622 | €17,915 | €18,436 | €32,747 | €45,070 | ▲ 37.6% |
| Land and buildings22 | - | - | - | €14,982 | €14,982 | €14,982 | €19,386 | €28,248 | ▲ 45.7% |
| Plant, machinery and equipment23 | - | - | - | - | - | €2,770 | €12,853 | €16,219 | ▲ 26.2% |
| Furniture and vehicles24 | - | - | - | €20,640 | €2,933 | €684 | €508 | €603 | ▲ 18.7% |
| Current assets29/58 | €585,589 | €680,819 | €638,015 | €628,312 | €554,293 | €559,257 | €524,494 | €490,939 | ▼ 6.4% |
| Stocks and contracts in progress3 | €11,212 | €11,212 | €11,212 | €11,212 | €4,212 | €4,212 | €4,212 | €4,212 | = |
| Stocks30/36 | - | - | - | €11,212 | €4,212 | €4,212 | €4,212 | €4,212 | = |
| Amounts receivable within one year40/41 | €533,079 | €589,634 | €528,993 | €515,291 | €493,399 | €550,855 | €456,753 | €477,324 | ▲ 4.5% |
| Trade receivables40 | - | - | - | €515,261 | €493,399 | €550,172 | €443,386 | €474,395 | ▲ 7.0% |
| Other amounts receivable41 | - | - | - | €30 | - | €683 | €13,367 | €2,929 | ▼ 78.1% |
| Cash at bank and in hand54/58 | €41,298 | €79,973 | €97,810 | €101,809 | €56,682 | €4,190 | €63,267 | €9,133 | ▼ 85.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €262 | €270 | ▲ 3.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €635,560 | €708,272 | €691,952 | €663,934 | €572,208 | €577,693 | €557,241 | €536,009 | ▼ 3.8% |
| Equity10/15 | €244,222 | €289,708 | €361,523 | €426,757 | €428,591 | €436,193 | €435,253 | €427,824 | ▼ 1.7% |
| Contributions10/11 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Capital10 | - | - | - | €7,437 | €7,437 | - | - | - | - |
| Issued capital100 | - | - | - | €18,592 | €7,437 | - | - | - | - |
| Uncalled capital101 | - | - | - | €11,155 | - | - | - | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €234,926 | €280,412 | €352,227 | €417,461 | €419,295 | €426,897 | €425,957 | €418,528 | ▼ 1.7% |
| Amounts payable17/49 | €391,338 | €418,564 | €330,429 | €237,177 | €143,617 | €141,500 | €121,988 | €108,185 | ▼ 11.3% |
| Amounts payable after more than one year17 | €35,153 | €9,219 | €18,964 | €11,467 | €3,853 | - | €3,503 | - | - |
| Financial debts170/4 | - | - | - | €11,467 | €3,853 | - | €3,503 | - | - |
| Amounts payable within one year42/48 | €343,330 | €396,490 | €298,610 | €212,855 | €126,909 | €141,500 | €118,484 | €108,185 | ▼ 8.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €13,558 | €4,032 | €3,503 | ▼ 13.1% |
| Financial debts43 | - | - | - | €7,496 | €7,616 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €7,496 | €7,616 | - | - | - | - |
| Trade debts44 | €148,585 | €159,177 | €134,066 | €106,765 | €75,516 | €50,714 | €35,245 | €20,872 | ▼ 40.8% |
| Suppliers440/4 | - | - | - | €106,765 | €75,516 | €50,714 | €35,245 | €20,872 | ▼ 40.8% |
| Taxes, remuneration and social security45 | - | - | - | €21,628 | €18,777 | €45,750 | €46,906 | €2,660 | ▼ 94.3% |
| Taxes450/3 | - | - | - | €12,971 | €12,873 | €33,394 | €34,579 | €2,660 | ▼ 92.3% |
| Remuneration and social security454/9 | - | - | - | €8,657 | €5,904 | €12,356 | €12,326 | - | - |
| Other amounts payable47/48 | - | - | - | €76,966 | €25,000 | €31,478 | €32,301 | €81,150 | ▲ 151% |
| Accrued charges and deferred income492/3 | - | - | - | €12,855 | €12,855 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,398 | €45,486 | €71,815 | €65,234 | €1,834 | €2,316 | -€940 | -€7,430 | ▼ 691% |
| + Depreciation and write-downs630 | €22,517 | €22,518 | €22,516 | €25,449 | €17,603 | €3,361 | €1,779 | €4,237 | ▲ 138% |
| Operating cash flow (approximation) | €46,915 | €68,004 | €94,331 | €90,683 | €19,437 | €5,677 | €839 | -€3,193 | - |
| Investment in fixed assets (approximation) | - | €0 | -€49,000 | -€7,134 | €104 | -€3,882 | -€16,090 | -€16,560 | ▼ 2.9% |
| Change in cash | - | €38,675 | €17,837 | €3,999 | -€45,127 | -€52,492 | €59,077 | -€54,134 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-09-2026 | 2026-00529008 |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00508888 |
| 31-12-2023 | micro format | 19-09-2024 | 2024-00465060 |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00466092 |
| 31-12-2021 | micro format | 28-09-2022 | 2022-20438374 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62700427 |
| 31-12-2019 | micro format | 29-08-2020 | 2020-50900462 |
| 31-12-2018 | micro format | 29-08-2019 | 2019-58900262 |
| 31-12-2017 | micro format | 29-08-2018 | 2018-55700270 |
| 31-12-2016 | micro format | 18-07-2017 | 2017-35400013 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Kemal Maxime |
|
Owners and capital
Capital and shareholders
- 15-12-2025 Converted to unavailable equity
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
15-12
Gazette deed
Resignation: Kemal Maxime (manager)Appointment: Kemal Maxime (director) · Name change · Purpose change15 facts ▸
- General meeting, 11-12-2025
- Name change, MXK2
- Other provision, “vrijstelling voorlezing bijzonder verslag, ontslag van voorlezing met éénparigheid van stemmen” (deed in Dutch)
- Other provision, “kennisname stukken, volledige kennis genomen voor heden” (deed in Dutch)
- Purpose change
- Other provision, “aanpassing statuten aan WVV met behoud rechtsvorm besloten vennootschap(BV), artikel39,§1,eerste en derde lid van de wet van 23maart2019 tot invoering van het W…” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Director resignation, Kemal Maxime (manager)
- Director appointment, Kemal Maxime (director (not named in the articles))
- Other provision, “verbodsverklaring en aanvaarding, uitoefening niet verboden en niet getroffen door wettelijke of reglementaire maatregel die zich verzet” (deed in Dutch)
- +3 further facts in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 22 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41053A0234/00N000 | Flanders | 1,330 m² | 1 · 664 m² | 8.3 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en…” (deed in Dutch)
4 activities (deed in Dutch)
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten(vruchtgebruik,recht van opstal,erfpacht),zoals de aan-en verkoop,de bouw de verbouwing,de binnenhuisinrichting en decoratie,de huur-en verhuur,de ruil,de verkaveling,en in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten,zoals onder meer het vruchtgebruik,het recht van opstal,de erfpacht,het recht van gebruik en bewoning,de onroerende leasing.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welk aard ook,zoals de aan-en verkoop,de huur-en verhuur,de ruil;in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen;
- Het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten,industriële,commerciële,financiële,landbouw-of immobiliënvennootschappen of-ondernemingen;het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt;het deelnemen aan hun beheer,bestuur,vereffening,en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen.
- Zij mag bij wijze van inbreng in speciën of in natura,van fusie,inschrijving,deelneming,financiële tussenkomst of op andere wijze,een aandeel nemen in alle bestaande of op te richten vennootschappen of bedrijven,in België of het buitenland,waarvan het maatschappelijk voorwerp identiek,gelijkaardig of verwant is met het hare,of van aard is de uitoefening van haar maatschappelijk voorwerp te bevorderen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MXK2
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, met of zonder beperking van duur” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met vermeldingen voorgeschreven door Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- 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 Thursday of June at 16:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment door beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed