ACTIVE

MXK2

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Financial year 2024 · closed on 31/12/2024

Net result

-939,9 €

-140.6% YoY

Gross margin

223,3 k €

+26.9% YoY

Equity

435,3 k €

-0.2% YoY

What does MXK2 do?

MXK2 is a Private limited company incorporated in 1994. Its main activity is: Buying and selling of own real estate. Its registered office is in Geraardsbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.365.627

Incorporation

01/09/1994

Legal form

Private limited company

Registered office

Rapidelaan(Oph) 48
9500 Geraardsbergen · FlandreSee on map

Contributed capital

7 436,80 €

Latest accounts

31/12/2024

Activities (NACE)

68110Buying and selling of own real estate· main 82100Office administrative and support activities

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	223,3 k €	+26.9%	176,0 k €	+85.4%	94,9 k €	-57.3%	222,3 k €	-5.7%	235,8 k €	+34.2%	175,7 k €	+9.1%	161,0 k €	-11.5%	181,9 k €	+19.1%	152,6 k €	-13.2%	175,8 k €	-5.2%	185,5 k €	-2.7%	190,7 k €	-10.6%	213,4 k €	+0.8%	211,6 k €	-9.7%	234,3 k €	+3.9%	225,6 k €	+35.1%	167,0 k €	-1.5%	169,5 k €	+7.1%	158,2 k €
EBITDA	14,6 k €	-64.1%	40,8 k €	+43.3%	28,4 k €	-75.3%	115,1 k €	-28.9%	161,8 k €	+111%	76,6 k €	+46.5%	52,3 k €	-48.5%	101,4 k €	+39.0%	73,0 k €	+34.7%	54,2 k €	-17.8%	65,9 k €	+114%	30,8 k €	-36.4%	48,5 k €	+4.9%	46,2 k €	-42.2%	79,9 k €	-30.2%	114,4 k €	+96.3%	58,3 k €	-4.5%	61,0 k €	-9.7%	67,6 k €
Operating result	12,8 k €	-65.7%	37,4 k €	+245%	10,8 k €	-87.9%	89,7 k €	-7.5%	97,0 k €	+79.4%	54,1 k €	+81.8%	29,7 k €	-49.0%	58,3 k €	+18.0%	49,4 k €	+265%	13,5 k €	-73.2%	50,5 k €	+204%	16,6 k €	-17.6%	20,2 k €	+236%	6,0 k €	-83.7%	36,9 k €	-39.1%	60,7 k €	+342%	13,7 k €	-34.1%	20,8 k €	-40.0%	34,7 k €
Net result	-939,9 €	-141%	2,3 k €	+26.3%	1,8 k €	-97.2%	65,2 k €	-9.2%	71,8 k €	+57.9%	45,5 k €	+86.4%	24,4 k €	-53.3%	52,3 k €	+61.4%	32,4 k €	+338%	7,4 k €	-74.8%	29,3 k €	+270%	7,9 k €	-28.9%	11,2 k €	+445%	-3,2 k €	-118%	17,9 k €	-48.1%	34,4 k €	+5736%	590,0 €	-88.4%	5,1 k €	-58.3%	12,3 k €
Balance sheet
Equity	435,3 k €	-0.2%	436,2 k €	+1.8%	428,6 k €	+0.4%	426,8 k €	+18.0%	361,5 k €	+24.8%	289,7 k €	+18.6%	244,2 k €	+11.1%	219,8 k €	+31.2%	167,5 k €	+24.0%	135,2 k €	+5.8%	127,8 k €	+29.8%	98,4 k €	+8.8%	90,5 k €	+14.1%	79,3 k €	-3.9%	82,6 k €	+27.6%	64,7 k €	+114%	30,3 k €	+2.0%	29,7 k €	+20.8%	24,6 k €
Total assets	557,2 k €	-3.5%	577,7 k €	+1.0%	572,2 k €	-13.8%	663,9 k €	-4.0%	692,0 k €	-2.3%	708,3 k €	+11.4%	635,6 k €	+6.3%	598,0 k €	+20.4%	496,7 k €	+4.2%	476,6 k €	+9.7%	434,6 k €	+7.3%	405,2 k €	+3.8%	390,2 k €	+1.2%	385,8 k €	-15.4%	455,8 k €	-5.7%	483,4 k €	+20.3%	401,7 k €	-2.2%	410,6 k €	-1.9%	418,4 k €
Cash	63,3 k €	+1410%	4,2 k €	-92.6%	56,7 k €	-44.3%	101,8 k €	+4.1%	97,8 k €	+22.3%	80,0 k €	+93.6%	41,3 k €	+9.9%	37,6 k €	+315%	9,1 k €	+198%	3,0 k €	+539%	476,0 €	-41.1%	808,0 €	-93.8%	13,0 k €	+433%	2,4 k €	-86.1%	17,6 k €	-58.7%	42,7 k €	+0.6%	42,4 k €	+65.3%	25,7 k €		–
Debts	122,0 k €	-13.8%	141,5 k €	+8.2%	130,8 k €	-41.7%	224,3 k €	-29.4%	317,6 k €	-21.7%	405,7 k €	+7.2%	378,5 k €	+3.6%	365,3 k €	+15.5%	316,3 k €	-3.7%	328,6 k €	+11.8%	293,9 k €	+0.0%	293,9 k €	+2.4%	286,9 k €	-2.3%	293,6 k €	-19.0%	362,3 k €	-11.1%	407,8 k €	+11.6%	365,4 k €	-2.6%	375,1 k €	-4.5%	392,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		2,5 ETP	-7.4%	2,7 ETP	-6.9%	2,9 ETP	-9.4%	3,2 ETP	+3.2%	3,1 ETP	0.0%	3,1 ETP	+14.8%	2,7 ETP	0.0%	2,7 ETP	0.0%	2,7 ETP	+22.7%	2,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

Maxime Kemal

Director · since 17 mars 2023

Active

Ended mandates

Georges Doublet

Mandate

Ended

Maxime KEMAL

Mandate

Ended

Vera VAN LAETHEM

Mandate

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/09/2025	19/09/2024	29/09/2023	28/09/2022	31/08/2021	29/08/2020
General meeting	30/06/2025	30/06/2024	30/06/2023	22/07/2022	18/05/2021	19/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	30/06/2025	29/09/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	19/09/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	29/09/2023	Dutch	PDF
Micro model	31/12/2021	22/07/2022	28/09/2022	Dutch	PDF
Micro model	31/12/2020	18/05/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	19/05/2020	29/08/2020	Dutch	PDF
Micro model	31/12/2018	21/05/2019	29/08/2019	Dutch	PDF
Micro model	31/12/2017	15/05/2018	29/08/2018	Dutch	PDF
Micro model	31/12/2016	16/05/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/05/2015	17/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/05/2014	20/06/2014	Dutch	PDF
Abridged model	31/12/2012	21/05/2013	19/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/05/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	17/05/2011	16/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/05/2010	15/07/2010	Dutch	PDF
Abridged model	31/12/2008	19/05/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/05/2008	01/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	20/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

Maxime Kemal

Director · since 17 mars 2023

Active

Ended mandates

Georges Doublet

Mandate

Ended

Maxime KEMAL

Mandate

Ended

Vera VAN LAETHEM

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other15/12/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ALGEMENE VERGADERING
PDF
Mandates25/04/2023
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates07/12/2021
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024-939,9 €↓
2023
Annual accounts 20232,3 k €↑
2022
Annual accounts 20221,8 k €↓
2021
Annual accounts 202165,2 k €↓
2020
Annual accounts 202071,8 k €↑
2019
Annual accounts 201945,5 k €↑
2018
Annual accounts 201824,4 k €↓
2017
Annual accounts 201752,3 k €↑
2016
Annual accounts 201632,4 k €↑
2015
Annual accounts 20157,4 k €↓
2014
Annual accounts 201429,3 k €↑
2013
Annual accounts 20137,9 k €↓
2012
Annual accounts 201211,2 k €↑
2011
Annual accounts 2011-3,2 k €↓
2010
Annual accounts 201017,9 k €↓
2009
Annual accounts 200934,4 k €↑
2008
Annual accounts 2008590,0 €↓
2007
Annual accounts 20075,1 k €↓
2006
Annual accounts 200612,3 k €
01/09/1994
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MXK2

Overview

What does MXK2 do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline