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 3 of the last 3 fiscal years.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MA'KO from Antwerpen, company number BE0834480013, closed financial year 2025 with a result of € 85,467 after tax. For that financial year MA'KO recorded a gross margin of € 95,250 and equity of € -73,146. Compared with financial year 2024, the result moved from € -6,980 to € 85,467. Profitable, and profit is growing. 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 January 28, 2026.
€ -73,146
▲ € 85,467 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 85,467
▲ still € 6,980 loss in 2024
Profit after tax over the fiscal year.
€ 32,628
▲ € 32,597 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -74,146.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 115,680
▼ 2% vs 2024
Loans from banks and other lenders, long and short.
€ 121,005
▲ 267% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,135
▲ € 29,076 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 13,241 | € -7,000 | € 95,250 | ▲ € 102,250 |
| Profit after taxes | € 6,453 | € -6,980 | € 85,467 | ▲ € 92,447 |
| Equity | € -151,633 | € -158,613 | € -73,146 | ▲ € 85,467 |
| Total debts | € 152,522 | € 166,806 | € 271,120 | ▲ 63% |
| Cash | € 47 | € 30 | € 32,628 | ▲ € 32,597 |
| Retained profit | € -152,633 | € -159,613 | € -74,146 | ▲ € 85,467 |
| Bank debt | € 120,200 | € 117,740 | € 115,680 | ▼ 2% |
| Balance sheet total | € 889 | € 8,193 | € 197,973 | ▲ € 189,781 |
Key figures of MA'KO, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MA'KO?
What happened at MA'KO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 85,467. Source: NBB ↗
- New establishment in Antwerpen. KBO
- Koen Maes became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 6,453 profit in 2023 to € 85,467 profit in 2025.
Best year ever: 2025, with € 85,467 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MA'KO is Koen Maes. Koen Maes is also behind Intense Activities.
Directors
According to the 2025 annual accounts
since 2011
Establishments
Establishment units
Physical locations of this company
Krugerstraat 232 box 10
2660 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →STUDIO TIMOTHY SEGERS
€ 12,472 gross margin · 2023
Bandoco
€ 50,014 gross margin · 2025
Rombachs glas
Blikfabriek
Skate Depot
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0834.480.013
- VAT number
- BE 0834.480.013
- Registered office
- Krugerstraat 232 bus 10, 2660 Antwerpen
- Names & denominations
- MA'KO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 March 2011
- Peppol
- Active · Active since 3 Oct 2025
- Activities · NACE
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