MAKES SENSE
ActiveSummary
MAKES SENSE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €33k. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 7029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+6
Solvency29▼-71
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.4%
Return on assets
73.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7029 sector peers (2025).
NBB · sector comparisonPosition among 7029 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-04-2026, 119 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
119 d early
2024
20 d early
2023
15 d early
2022
27 d early
2021
23 d early
2020
26 d early
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 98.8%
2024 · €166k
2019: €29k
2020: €63k
2021: €99k
2022: €131k
2023: €165k
2024: €166k
2019 → 2025
Total assets
€45k▼ 79.1%
2024 · €217k
2019: €61k
2020: €85k
2021: €126k
2022: €146k
2023: €172k
2024: €217k
2019 → 2025
Net result
€33k▼ 23.0%
2024 · €43k
2019: €27k
2020: €34k
2021: €36k
2022: €32k
2023: €34k
2024: €43k
2019 → 2025
Working capital
€-2k
2024 · €160k
2019: €29k
2020: €60k
2021: €97k
2022: €129k
2023: €161k
2024: €160k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€99k-€131k▲ 32.9%€165k▲ 26.0%€166k▲ 0.5%€2k▼ 98.8%
Operating result€45k-€41k▼ 8.7%€43k▲ 5.1%€52k▲ 21.1%€42k▼ 19.1%
Net result€36k-€32k▼ 8.8%€34k▲ 4.9%€43k▲ 26.9%€33k▼ 23.0%
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 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45k
Fixed assets
€4k ▼ 38.2%
Current assets
€42k ▼ 80.2%
Equity and liabilities €45k
Equity
€2k ▼ 98.8%
Debt
€43k ▼ 14.7%
Debt's share of the balance-sheet total rises from 23.4% to 95.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€44k▼
2024 · €53k
Cash flow
€36k▼
2024 · €45k
Current ratio
0.96▼
2024 · 4.15
Debt to equity
21.67▲
2024 · 0.31
ROA
73.4%▲
2024 · 19.9%
Interest coverage
797.30▼
2024 · 973.13
Debt ≤ 1 year
€43k▼
2024 · €51k
Income taxes
€9k▼
2024 · €11k
A ratio outside any meaningful range has been withheld (balance sheet total €45k, equity €2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€217k€45k▼
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€211k€42k▼
Amounts receivable within one year40/41€11k€11k▼
Trade receivables40€11k€9k▼
Other amounts receivable41€285€1k▲
Cash at bank and in hand54/58€200k€31k▼
Deferred charges and accrued income490/1€488€0▼
Equity and liabilities
Total equity and liabilities10/49€217k€45k▼
Equity10/15€166k€2k▼
Contributions10/11€2k€2k=
Reserves13€164k€0▼
Distributable reserves133€164k€0▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€51k€43k▼
Amounts payable within one year42/48€51k€43k▼
Trade debts44€490€56▼
Suppliers440/4€490€56▼
Taxes, remuneration and social security45€11k€13k▲
Taxes450/3€11k€13k▲
Other amounts payable47/48€40k€30k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€569€863▲
Gross operating margin9900€54k€45k▼
Operating profit (loss)9901€52k€42k▼
Financial income75/76B€2k€0▼
Recurring financial income75€2k€0▼
Financial charges65/66B€55€55▲
Recurring financial charges65€55€55▲
Profit (loss) for the period before taxes9903€54k€42k▼
Income taxes67/77€11k€9k▼
Profit (loss) for the period9904€43k€33k▼
Profit (loss) for the period to be appropriated9905€43k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€33k▼
Transfer from equity791/2-€164k
Transfer to equity691/2€865€0▼
To other reserves6921€865€0▼
Profit to be distributed694/7€42k€197k▲
Return on contributions (dividend)694€42k€197k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €43k ▲26.9%
Operating result €52k, net result €43k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 23.38
Current ratio from 9.60 to 23.38; short-term debt falls from €15k to €7k.
31-12
Financial
Equity above €150kEq €165k ▲26%
5 profitable years in a row build equity to €165k.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 9.60
Current ratio from 4.56 to 9.60; short-term debt falls from €27k to €15k.
31-12
Financial
Equity above €100kEq €131k ▲32.9%
4 profitable years in a row build equity to €131k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lange Beeldekensstraat 2382060 AntwerpenGround area
252 m²
Building footprint
80 m²
Volume, LiDAR
693 m³
Parcel 11805E1297/00A000, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAKES SENSE
since 20192.296.879.133
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11805E1297/00A000 | Flanders | 252 m² | 1 · 79 m² | 13.8 m · 3 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.
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GRAVITATION
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Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 825 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.