MAKOHE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of MAKOHE is 1.4% (low). The 2025 annual accounts show equity of €2k and a net result of €57k. Equity is growing by ~76.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 856 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 856 sector peers (2025).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

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. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	03-04-2026	119 d early	2026-00073763
31-12-2024	31-07-2025	24-06-2025	37 d early	2025-00176705
31-12-2023	31-07-2024	25-06-2024	36 d early	2024-00161088
31-12-2022	31-07-2023	04-04-2023	118 d early	2023-00053305
31-12-2021	31-07-2022	30-08-2022	30 d late	2022-20351231

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.4% Low

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€57k+31.2%

Working capital€-2k

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 03-04-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~76.7%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	1.5%	35.5%	better than 20% of 856 sector peers
Net result	€57k	€10k	better than 83% of 855 sector peers
Equity	€2k	€40k	better than 21% of 857 sector peers
Gross operating margin	€79k	€31k	better than 73% of 854 sector peers
Staff costs	€140	€33k	higher than 10% of 223 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P20

Improving position over 2021-2025 · n=856-3354

Net result P83

Improving position over 2021-2025 · n=855-3341

Equity P21

Improving position over 2021-2025 · n=857-3361

Gross operating margin P73

Improving position over 2021-2025 · n=854-3327

Describes the position versus peers, not a forecast.

EBITDA

€77k

+23.7% 21-25

Net profit

€57k

+31.2% 21-25

Cash flow

€58k

+29.7% 21-25

Total assets

€136k

-7.6% 21-25

Equity

€2k

-97.5% 21-25

Working capital

€-2k

- 21-25

Staff costs

€140

-89.9% 21-25

Income taxes

€19k

+30.2% 21-25

Dividends

€134k

- 21-25

Debt

€134k

+97.7% 21-25

Debt ≤ 1y

€134k

+97.7% 21-25

Current ratio

0.98

-53.5% 21-25

Quick ratio

0.35

-65.1% 21-25

Solvency

1.5%

-97.3% 21-25

Debt / equity

66.80

+7721.3% 21-25

ROE

2851.1%

+5091.8% 21-25

ROA

42.1%

+42.0% 21-25

Interest coverage

27.92

+114.1% 21-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€77k
Net profit	€57k
Cash flow	€58k
Staff costs	€140
Income taxes	€19k
Dividends	€134k
Total assets	€136k
Equity	€2k
Debt	€134k
of which ≤ 1y	€134k
of which > 1y	-
Working capital	€-2k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.98
Quick ratio	0.35
Working capital ratio	-1.7%
Solvency	1.5%
Debt / equity	66.80
Long-term debt ratio	-
Interest coverage	27.92
Gross margin	-
Net margin	-
ROA	42.1%
ROE	2851.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €4k · 3.2% Current assets €131k · 96.8%

Equity & liabilities

Equity €2k · 1.5% Debt €134k · 98.5%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€136k
Fixed assets	21/28	€4k
Tangible fixed assets	22/27	€4k
Current assets	29/58	€131k
Stocks & contracts in progress	3	€85k
Amounts receivable within one year	40/41	€5k
Cash & bank	54/58	€41k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€136k
Equity	10/15	€2k
Contributions / capital	10/11	€2k
Reserves	13	€0
Accumulated profits (losses)	14	€0
Amounts payable	17/49	€134k
Amounts payable within one year	42/48	€134k
Trade debts payable within one year	44	€8k
Income statement
Gross operating margin	9900	€79k
Operating result	9901	€76k
Financial income	75	€3k
Financial charges	65	€3k
Result before taxes	9903	€76k
Income taxes	67/77	€19k
Net result for the period	9904	€57k
Result to be appropriated	9905	€57k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

48 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

1 director

Current directors & mandates

LEPPENS Helga Catharina Francine
Director
State Gazette act 24377554 (18-03-2024)

Current
18-03-2024 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Groothandel in levende dieren, muv levend vee(46232)
Legal form	Private limited company(610)
Incorporation	29-06-2021
Status	Active
Postal code	2440

Structure & network

Locations & real estate

Establishment units

1 location

MAKOHE

Winkelom 83 B5, 2440 GeelHandelsbemiddeling in nieuwe en gebruikte auto's voor personenvervoer, inclusief die voor bijzondere doeleinden (bv ambulances)

since 20212.318.951.185

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area2,951 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13373K0125/00C000	Flanders	2,951 m²	-	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

All acts · 1 updated 2 years ago

2024

18-03-2024 LEPPENS Helga Catharina Francine appointed as director Director changes·Tuur KENNIS

LEPPENS Helga Catharina Francine, Bestuurder

Notary: Tuur KENNIS · Oud-Turnhout

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

62 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 48

Profitability 100

Solvency 12

Growth 58

Stability 94

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers

Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon

The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Similar

Similar companies

Same sector, ranked by comparable size

Ali ORAYBI

BE 0786.934.472 · Menen

Eq €33k→

PKS

BE 0766.465.492 · Geetbets

Eq €34k→

WAL-CO

BE 0822.850.109 · Lennik

Eq €34k→

Zoopark Franky

BE 0695.550.475 · Geel

Eq €46k→

BT Company

BE 0802.328.669 · Aalst

Eq €55k→

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Groothandel in levende dieren, m.u.v. levend vee46232Groothandel in levende dieren, muv levend vee46232Detailhandel in huisdieren, voedsel voor huisdieren en benodigdheden daarvoor in gespecialiseerde winkels47762Detailhandel in huisdieren, voer voor huisdieren en benodigdheden daarvoor47762Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990Haarverzorging96021Kappers- en barbiersactiviteiten96210

Primary activity highlighted.

Names & trade names

Legal nameNL

MAKOHE

Registered office

Winkelom 83 B5

2440 Geel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.