ACTIVE

M.A.K.

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Financial year 2025 · closed on 31/12/2025

Net result

895,6 €

-71.9% YoY

Gross margin

14 k €

-46.8% YoY

Equity

168,1 k €

+0.5% YoY

What does M.A.K. do?

M.A.K. is a Private company with limited liability incorporated in 2003. Its main activity is: Construction of buildings. Its registered office is in Beringen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.415.174

Incorporation

28/01/2003

Legal form

Private company with limited liability

Registered office

Oosthamsesteenweg 87
3581 Beringen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	14 k €	-46.8%	26,4 k €	-46.6%	49,4 k €	+22.4%	40,4 k €	-25.0%	53,8 k €	+165%	20,3 k €	+120%	9,2 k €	-77.9%	41,5 k €	-41.9%	71,5 k €	+83.8%	38,9 k €	-26.7%	53 k €	+351%	11,7 k €	-60.4%	29,6 k €	-53.5%	63,8 k €	+427%	12,1 k €	+176%	4,4 k €	-74.1%	16,9 k €	-38.4%	27,5 k €	+2.9%	26,7 k €
EBITDA	8,2 k €	-65.4%	23,6 k €	-48.9%	46,1 k €	+22.0%	37,8 k €	-26.6%	51,5 k €	+172%	18,9 k €	+344%	4,3 k €	-82.6%	24,5 k €	-57.5%	57,6 k €	+76.3%	32,7 k €	-36.6%	51,5 k €	+368%	11 k €	-61.6%	28,7 k €	-54.0%	62,3 k €	+548%	9,6 k €	+393%	2 k €	-85.8%	13,8 k €	-47.5%	26,3 k €	+105%	12,8 k €
Operating result	-4,3 k €	-1100%	431,6 €	-98.0%	21,6 k €	-8.9%	23,7 k €	-51.2%	48,5 k €	+173%	17,7 k €	+721%	2,2 k €	-90.3%	22,3 k €	-61.2%	57,6 k €	+78.2%	32,3 k €	+148%	13 k €	+79.6%	7,3 k €	-70.4%	24,5 k €	-54.3%	53,6 k €	+430%	-16,2 k €	-358%	-3,6 k €	-140%	8,8 k €	-57.8%	21 k €	+106%	10,2 k €
Net result	895,6 €	-71.9%	3,2 k €	-78.1%	14,5 k €	+7.5%	13,5 k €	-64.3%	37,9 k €	+307%	9,3 k €	+174%	-12,6 k €	-194%	13,4 k €	+82.8%	7,3 k €	-71.1%	25,3 k €	+668%	3,3 k €	+224%	1 k €	-93.5%	15,6 k €	-38.9%	25,6 k €	+237%	-18,7 k €	-215%	-5,9 k €	-321%	2,7 k €	-78.7%	12,6 k €	+66.1%	7,6 k €
Balance sheet
Equity	168,1 k €	+0.5%	167,3 k €	+1.9%	164,1 k €	+9.7%	149,5 k €	+9.9%	136 k €	+38.6%	98,2 k €	+10.5%	88,9 k €	-12.4%	101,5 k €	+15.2%	88,1 k €	+9.1%	80,8 k €	+45.7%	55,4 k €	+6.3%	52,1 k €	+2.0%	51,1 k €	+121%	23,1 k €	+1021%	-2,5 k €	-107%	35,2 k €	-14.4%	41,1 k €	+7.0%	38,4 k €	+48.9%	25,8 k €
Total assets	197,6 k €	-6.6%	211,5 k €	-3.5%	219,3 k €	-18.4%	268,9 k €	+26.4%	212,7 k €	+54.7%	137,5 k €	+7.6%	127,8 k €	-19.8%	159,4 k €	+19.1%	133,8 k €	+23.6%	108,3 k €	-3.2%	111,9 k €	+4.0%	107,6 k €	+14.7%	93,8 k €	+18.4%	79,2 k €	-12.3%	90,4 k €	+41.3%	64 k €	-31.1%	92,8 k €	-5.5%	98,2 k €	+35.0%	72,7 k €
Cash	906,5 €	+177%	327,2 €	-89.3%	3 k €	+92510%	3,3 €	-100.0%	20,7 k €	-26.1%	28 k €	-7.6%	30,3 k €	-24.7%	40,2 k €	-13.4%	46,5 k €	+329%	10,8 k €	+170649%	6,4 €	+5.8%	6 €	-5.5%	6,4 €	0.0%	6,4 €	+5.3%	6 €	-100.0%	18,2 k €	+3749%	473 €		–		–
Debts	29,4 k €	-33.6%	44,3 k €	-19.8%	55,3 k €	-49.4%	109,1 k €	+43.1%	76,3 k €	+94.1%	39,3 k €	+1.0%	38,9 k €	-32.8%	57,9 k €	+26.6%	45,7 k €	+66.2%	27,5 k €	-51.3%	56,5 k €	+1.8%	55,5 k €	+30.0%	42,7 k €	-22.8%	55,3 k €	-17.0%	66,6 k €	+231%	20,1 k €	-60.9%	51,5 k €	-13.8%	59,8 k €	+27.4%	46,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

Hatice KURS

Director · since 29 mai 2012

Active

Murat ERDALI

Director · since 28 mars 2003

Active

Ended mandates

ZIHNI ALIEV HYUSEINOV

Mandate · since 01 octobre 2016 · until 01 août 2017

Ended

ION HORTOLOMEI

Mandate · since 01 septembre 2015 · until 01 mars 2017

Ended

Hatice KURS

Manager · since 29 mai 2012

Ended

Murat ERDALI

Director · since 20 janvier 2003

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2026	08/10/2025	03/10/2024	01/12/2023	24/08/2022	25/08/2021
General meeting	06/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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	31/12/2025	06/06/2026	28/08/2026	Dutch	PDF
Micro model	31/12/2024	07/06/2025	08/10/2025	Dutch	PDF
Micro model	31/12/2023	01/06/2024	03/10/2024	Dutch	PDF
Micro model	31/12/2022	03/06/2023	01/12/2023	Dutch	PDF
Micro model	31/12/2021	04/06/2022	24/08/2022	Dutch	PDF
Micro model	31/12/2020	05/06/2021	25/08/2021	Dutch	PDF
Micro model	31/12/2019	06/06/2020	25/11/2020	Dutch	PDF
Micro model	31/12/2018	01/06/2019	26/09/2019	Dutch	PDF
Micro model	31/12/2017	02/06/2018	17/09/2018	Dutch	PDF
Micro model	31/12/2016	03/06/2017	27/09/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	29/09/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	24/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	01/03/2013	Dutch	PDF
Abridged model	31/12/2009	20/08/2010	27/10/2010	Dutch	PDF
Abridged model	31/12/2008	28/08/2009	29/10/2009	Dutch	PDF
Abridged model	31/12/2007	31/08/2008	29/10/2009	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	28/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 2 active · 14 ended

Active mandates

Hatice KURS

Director · since 29 mai 2012

Active

Murat ERDALI

Director · since 28 mars 2003

Active

Ended mandates

ZIHNI ALIEV HYUSEINOV

Mandate · since 01 octobre 2016 · until 01 août 2017

Ended

ION HORTOLOMEI

Mandate · since 01 septembre 2015 · until 01 mars 2017

Ended

Hatice KURS

Manager · since 29 mai 2012

Ended

Murat ERDALI

Director · since 20 janvier 2003

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office31/08/2022
MAATSCHAPPELIJKE ZETEL
PDF
Registered office18/10/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/09/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/02/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/11/2005
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/05/2005
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/03/2004
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

2025
Annual accounts 2025895,6 €↓
2024
Annual accounts 20243,2 k €↓
2023
Annual accounts 202314,5 k €↑
2022
Annual accounts 202213,5 k €↓
2021
Annual accounts 202137,9 k €↑
2020
Annual accounts 20209,3 k €↑
2019
Annual accounts 2019-12,6 k €↓
2018
Annual accounts 201813,4 k €↑
2017
Annual accounts 20177,3 k €↓
2016
Annual accounts 201625,3 k €↑
2015
Annual accounts 20153,3 k €↑
2014
Annual accounts 20141 k €↓
2013
Annual accounts 201315,6 k €↓
2012
Annual accounts 201225,6 k €↑
2011
Annual accounts 2011-18,7 k €↓
2009
Annual accounts 2009-5,9 k €↓
2008
Annual accounts 20082,7 k €↓
2007
Annual accounts 200712,6 k €↑
2006
Annual accounts 20067,6 k €
28/01/2003
IncorporationPrivate company with limited liability

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

M.A.K.

Overview

What does M.A.K. 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