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MARKET MAKER

Active
Public limited companyfounded 1989active for 37 yearsBlektestraat 79, 9308 Aalst, BelgiumKBO/BCE: BE 0437.633.316
Summary

MARKET MAKER has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €921,753 and a net result of €24,142. Equity has been stable since 2019 (±0.1% per year). Its solvency ranks better than 95% of 2,083 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 06-06-1989 Normal situation
Activity
Market research and public opinion polling NACE 73200
Establishment unit
2.043.872.053 9308 Aalst, since 11-05-1993
Financial year end
30 June
Peppol
Not found in the Peppol Directory

Board and ownership

Board
Shareholders

Financial position

94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 30-06-2025
Gross margin
-€2,273
▼ 77.4%
Profit
€24,142
Equity
€921,753
▲ 2.7%
Total assets
€921,956
▲ 2.7%
Turnover not published (abbreviated format)
Score breakdownraises riskLiquidity: current ratio 4541.66, cash €5,269, halvedlowers riskSize: total assets €921,956Founded in 1989Equity €921,753 (100.0% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 51% of micro companies in advertising and market research (NACE 73)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 100.0% of total assets
Liquidity 51-1
short-term debt 0.0% · cash 0.6%
Profitability 44+44
return on assets 2.6%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,227 companies, NACE 73, micro)
Last 24 months 12-2024: < 0.1%lowest value 01-2025: 0.2%▲ +0.2 percentage points vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.3%▲ +0.1 percentage points vs 12-2025highest value 02-2026: < 0.1%▼ -0.3 percentage points vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €85,000 on 30-day terms is acceptable
Short-term debt is 0% and cash 0.6% of total assets. 0% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 87% of them on solvency, 40% on liquidity, 27% on profitability and 50% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €921,956
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 4541.66, cash €5,269, halved
NBB · annual accounts
lowers risk · Founded in 1989
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €921,753 (100.0% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-01-2026, 20 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
20 days early
2024
31 days early
2023
26 days early
2022
15 days early
2021
24 days early
2020
23 days early
2019
42 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 7 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end03-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Back in profit in 2025after a loss of €291,235 in 2024 €24,142 View
  • Positive: Higher solvency than 95% of companies in advertising and market researchsector median 44.3% · 2,083 companies 100.0% View
  • Caution: Board changedlatest change 12-01-2026 · 1 in office 1 joined · 1 left View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Recent changes

  1. · Gazette deed Capital decrease of €250,000 to €1,491,342.19Change of role: WILFRIED D'HAESE, from director to niet statutaire enige bestuurder · Permanent representative: Wilfried D'HAESE
  2. · Gazette deed Reappointments: Wilfried D'haese BV (director) and Wilfried D'haese (director)
  3. · Gazette deed Incorporation
All 21 events

Comparable companies

These companies have the same main activity as MARKET MAKER: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €754,000 and €1.1m, founded between 1988 and 1991.

CompanyTotal assetsGross margin
MARKET MAKER Aalst€0.9m-€0.002m
NOVA - TEC Elsene€1.0m-€0.02m
PINTALI Antwerpen€0.9m-€0.01m
PEPPERMINT INVEST Ukkel€0.9m-€0.02m
ADEQUATE ADVICE Brugge€1.1m-€390
FINANCE AND ASSET MANAGEMENT Sint-Lambrechts-Woluwe€0.8m-€167
BALMAR Kortrijk€1.1m-€0.01m
Full comparison

Key facts about MARKET MAKER

What is the company number of MARKET MAKER?
The company number of MARKET MAKER is 0437.633.316. The VAT number is the same number with BE in front: BE 0437.633.316.
Where is MARKET MAKER based?
The registered office is at Blektestraat 79, 9308 Aalst.Company details
What does MARKET MAKER do?
According to the KBO register, the main activity is market research and public opinion polling (NACE 73200).
What is the legal form of MARKET MAKER?
The legal form of MARKET MAKER is Public limited company (NV).
When was MARKET MAKER founded?
MARKET MAKER was founded on 06-06-1989.
Is MARKET MAKER still active?
Yes, MARKET MAKER is an active enterprise in the KBO register.
What is the turnover of MARKET MAKER?
The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
Is MARKET MAKER profitable?
In financial year 2025, MARKET MAKER made a profit of €24,142.
Where can I find the annual accounts of MARKET MAKER?
MARKET MAKER filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MARKET MAKER due?
MARKET MAKER must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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