Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAKEVI from Boutersem, company number BE0803687758, closed financial year 2025 with a result of € -51,082 after tax. For that financial year MAKEVI recorded a gross margin of € 76,805 and equity of € -71,479. Compared with financial year 2024, the result moved from € -35,398 to € -51,082. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 12, 2026.
€ -71,479
▼ € 51,082 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -51,082
▼ 44 % more loss than in 2024
Profit after tax over the fiscal year.
€ 16,940
▲ € 16,256 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -86,479.
Debts at end 2025
€ 1.2 million
€ 1 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 3,081
▼ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,559
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -20,602 | € 76,805 | ▲ € 97,408 |
| Profit after taxes | € -35,398 | € -51,082 | ▼ € 15,684 |
| Equity | € -20,398 | € -71,479 | ▼ € 51,082 |
| Total debts | € 1,413,899 | € 1,473,550 | ▲ 4% |
| Cash | € 684 | € 16,940 | ▲ € 16,256 |
| Land & buildings | € 1,392,818 | € 1,382,969 | ▼ 1% |
| Retained profit | € -35,398 | € -86,479 | ▼ € 51,082 |
| Bank debt | € 1,235,000 | € 1,237,000 | |
| Balance sheet total | € 1,393,502 | € 1,402,071 | ▲ 1% |
Key figures of MAKEVI, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MAKEVI?
What happened at MAKEVI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 51,082. Source: NBB ↗
- Maxim Ceulemans became a director. NBB
- Peter Ceulemans became a director. NBB
- New establishment in Boutersem. KBO
- Kevin Sy Ceulemans became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 35,398 loss in 2024 to € 51,082 loss in 2025.
Management
Behind MAKEVI are Kevin Sy Ceulemans, Maxim Ceulemans and Peter Ceulemans. Kevin Sy Ceulemans is also behind Ceulemans Consulting Group. Peter Ceulemans is also behind Dr. Peter Ceulemans.
Directors
According to the 2025 annual accounts
since 2023
Maxim Ceulemans
Director
since 2025
since 2025
Establishments
Establishment units
Physical locations of this company
Broekstraat 18
3370 Boutersem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0803.687.758
- VAT number
- BE 0803.687.758
- Registered office
- Broekstraat 18, 3370 Boutersem
- Names & denominations
- MAKEVI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 July 2023
- Peppol
- Active · Active since 22 Jan 2026