Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MAKOA from Sint-Martens-Latem, company number BE0848642508, closed financial year 2025 with a result of € 1.4 million after tax. For that financial year MAKOA recorded revenue of € 27.5 million and equity of € 7.6 million. Compared with financial year 2024, the result moved from € 1.2 million to € 1.4 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ 7.6 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.4 million
▲ 20% vs 2024
Profit after tax over the fiscal year.
€ 109,781
▼ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.2 million paid out
85 % of the profit went to the shareholders, mostly to POLY-BRAND (85 % of the shares). That is where the money ends up.
People and assets in 2025
8.2
▲ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 715,049
▲ 36% vs 2024
€ 87,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 178,981
▼ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5.3 million
▲ 20% vs 2024
€ 26,184 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 2.3 million
▲ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 34 days on average.
€ 248,443
▲ 269% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 19,941,551 | € 30,428,464 | € 20,803,870 | € 27,458,193 | ▲ 32% |
| Profit after taxes | € 1,430,373 | € 2,898,196 | € 1,155,078 | € 1,385,060 | ▲ 20% |
| Equity | € 3,643,041 | € 6,412,747 | € 7,415,606 | € 7,625,146 | ▲ 3% |
| Total debts | € 5,117,329 | € 1,363,579 | € 6,410,306 | € 8,103,413 | ▲ 26% |
| Cash | € 633,837 | € 87,522 | € 191,836 | € 109,781 | ▼ 43% |
| Retained profit | € 3,624,441 | € 6,394,147 | € 7,397,006 | € 7,606,546 | ▲ 3% |
| Dividend | € 0 | € 128,490 | € 152,219 | € 1,175,521 | ▲ € 1 million |
| Bank debt | € 4,095,071 | € 586,140 | € 4,422,445 | € 5,295,454 | ▲ 20% |
| Balance sheet total | € 8,760,370 | € 7,776,326 | € 13,825,912 | € 15,728,558 | ▲ 14% |
| Employees (FTE) | 6.1 | 5.8 | 5 | 8.2 | ▲ 3.2 |
Key figures of MAKOA, fiscal years 2022 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 MAKOA?
What happened at MAKOA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.4 million (▲ 20% vs 2024). filed late Source: NBB ↗
- POLY-BRAND BV became a director. NBB
- New establishment in Ath. KBO
- Katrien Castelein became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.4 million profit in 2022 to € 1.4 million profit in 2025.
Paid € 2.3 million in corporate taxes since 2022.
Best year ever: 2023, with € 2.9 million profit.
Paid out € 1.5 million in dividends to the owners in total.
A new publication or filing at MAKOA? We notify you, reason included.
Follow MAKOADatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
The stake of POLY-BRAND comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MAKOABehind MAKOA are POLY-BRAND BV and Katrien Castelein. The shares are held by POLY-BRAND (84.8%). It owns 100% of TOCA Distribution itself.
Directors
According to the 2025 annual accounts
Director · represented by Fabian Tondreau
since 2025
since 2023
Shareholders
84.8%
Participations
TOCA Distribution
100%
Establishments
Establishment units
Physical locations of this company
Brandstraat 16
9830 Sint-Martens-Latem
Avenue des Artisans(GHI) 12
7822 Ath
Active since 1 June 2025
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0848.642.508
- VAT number
- BE 0848.642.508
- Registered office
- Brandstraat 16, 9830 Sint-Martens-Latem
- Names & denominations
- MAKOA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 September 2012
- Peppol
- Active · Active since 16 Sept 2025
- Contact
- makoa.be
- Activities · NACE
Overige niet-gespecialiseerde detailhandel
Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren
Detailhandel via postorderbedrijven of via internet
Vervaardiging van poets- en reinigingsmiddelen