ACTIVE

maKs

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Financial year 2025 · closed on 31/12/2025
Net result
-123,4 k €
-147.4% YoY
Gross margin
440,6 k €
-26.7% YoY
Equity
168,9 k €
-42.2% YoY
Workforce
9,1 ETP
-6.2% YoY

What does maKs do?

maKs is a Private limited company incorporated in 2009. Its main activity is: Electrical, plumbing and other construction installation activities. Its registered office is in Brugge. It employs on average 9,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0809.895.461
Incorporation
16/02/2009
Legal form
Private limited company
Registered office
Pathoekeweg 19/21
8000 Brugge · FlandreSee on map
Contributed capital
30 000,00 €
Latest accounts
31/12/2025
Average workforce
9,1 ETP
Activities (NACE)
43230Electrical, plumbing and other construction installation activities· main43291Other construction installation43422Specialised construction activities43996Other specialised construction activities n.e.c.41001Construction of buildings41101Development of building projects+4
Joint committees (5)
  • 124
  • 12400
  • 200
  • 20000
  • 218
Signals
Healthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin440,6 k €601,4 k €807,6 k €639,5 k €580,4 k €770,1 k €535,3 k €539,5 k €534,4 k €551,9 k €410,4 k €252,9 k €287,9 k €239,4 k €198,8 k €251,9 k €
EBITDA-129,3 k €-35 k €183,3 k €284,2 k €269,3 k €453,8 k €467,7 k €478,1 k €423,4 k €448 k €318,1 k €205,2 k €241,7 k €230,5 k €198,2 k €251,5 k €
Operating result-139,5 k €-46,6 k €165,1 k €260,7 k €237,3 k €449,3 k €436,7 k €442,7 k €401,2 k €437,7 k €312,6 k €197,9 k €238,9 k €227,9 k €197,1 k €248,9 k €
Net result-123,4 k €-49,9 k €118,7 k €188,9 k €172,3 k €330,8 k €304,1 k €310,6 k €260,3 k €291,1 k €208,3 k €135,9 k €160,4 k €153,8 k €129,4 k €161,9 k €
Balance sheet
Equity168,9 k €292,3 k €342,2 k €223,5 k €34,7 k €262,3 k €331,1 k €327 k €416,4 k €513,2 k €422,1 k €512,6 k €376,7 k €216,3 k €162,5 k €191,9 k €
Total assets852,4 k €495,4 k €1 M €855,7 k €807,3 k €899,5 k €894,2 k €745,5 k €836,6 k €724,1 k €564,8 k €622,3 k €456,9 k €357,2 k €395,9 k €299,5 k €
Cash154,5 k €89,9 k €548,9 k €460,5 k €347,5 k €342,9 k €372,6 k €313,3 k €301,5 k €358,8 k €311,1 k €138,1 k €351,1 k €260,6 k €149,6 k €192,2 k €
Debts683,5 k €203 k €663,7 k €632,1 k €772,7 k €637,1 k €563 k €418,5 k €420,1 k €210,8 k €142,6 k €109,6 k €80,1 k €53,4 k €233,4 k €107,6 k €
Other
Workforce9,1 ETP9,7 ETP10,0 ETP5,7 ETP5,4 ETP5,7 ETP1,0 ETP1,0 ETP2,0 ETP2,0 ETP2,0 ETP1,3 ETP1,0 ETP0,3 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 31/12/2025 · 3 active · 14 ended

Active mandates

Samuel Ernalsteen

Director · since 21 novembre 2024 · until 28 avril 2025

Active
J.L. MANAGEMENT

Managing director · since 16 avril 2024 · 0866.387.964

Represented by Hamelink Jan

Active
Jelilo BV

Director · since 16 avril 2024 · 1001.999.409

Represented by Bakker Jacob

Active

Ended mandates

Samuel Ernalsteen

Director · since 21 novembre 2024

Ended
Jelilo

Director · since 16 avril 2024 · 1001.999.409

Represented by Jacob Bakker

Ended
Carl Ghistelinck

Director · since 13 mai 2020 · until 16 avril 2024

Ended
Paco Ghistelinck

Director · since 13 mai 2020 · until 31 décembre 2023 · 0651.939.473

Represented by Ghistelinck PACO

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date28/07/202602/07/202509/04/202530/08/202331/08/202203/09/2021
General meeting15/06/202615/06/202508/04/202515/06/202321/06/202215/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/06/202628/07/2026DutchPDF
Abridged model31/12/202415/06/202502/07/2025DutchPDF
Abridged model31/12/202308/04/202509/04/2025DutchPDF
Abridged model31/12/202215/06/202330/08/2023DutchPDF
Abridged model31/12/202121/06/202231/08/2022DutchPDF
Abridged model31/12/202015/06/202103/09/2021DutchPDF
Abridged model31/12/201923/05/202027/08/2020DutchPDF
Abridged model31/12/201825/05/201926/06/2019DutchPDF
Abridged model31/12/201726/05/201830/05/2018DutchPDF
Abridged model31/12/201615/06/201703/07/2017DutchPDF
Abridged model31/12/201518/03/201623/03/2016DutchPDF
Abridged model31/12/201427/03/201526/05/2015DutchPDF
Abridged model31/12/201315/06/201405/07/2014DutchPDF
Abridged model31/12/201222/06/201302/07/2013DutchPDF
Abridged model31/12/201115/06/201205/07/2012DutchPDF
Abridged model31/12/201012/07/201114/07/2011DutchPDF
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 31/12/2025 · 3 active · 14 ended

Active mandates

Samuel Ernalsteen

Director · since 21 novembre 2024 · until 28 avril 2025

Active
J.L. MANAGEMENT

Managing director · since 16 avril 2024 · 0866.387.964

Represented by Hamelink Jan

Active
Jelilo BV

Director · since 16 avril 2024 · 1001.999.409

Represented by Bakker Jacob

Active

Ended mandates

Samuel Ernalsteen

Director · since 21 novembre 2024

Ended
Jelilo

Director · since 16 avril 2024 · 1001.999.409

Represented by Jacob Bakker

Ended
Carl Ghistelinck

Director · since 13 mai 2020 · until 16 avril 2024

Ended
Paco Ghistelinck

Director · since 13 mai 2020 · until 31 décembre 2023 · 0651.939.473

Represented by Ghistelinck PACO

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/05/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/06/2020
    MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
    PDF
  • Mandates01/06/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other27/02/2009
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025-123,4 k €↓
  2. 2024
    Annual accounts 2024-49,9 k €↓
  3. 2023
    Annual accounts 2023118,7 k €↓
  4. 2022
    Annual accounts 2022188,9 k €↑
  5. 2021
    Annual accounts 2021172,3 k €↓
  6. 2020
    Annual accounts 2020330,8 k €↑
  7. 2019
    Annual accounts 2019304,1 k €↓
  8. 2018
    Annual accounts 2018310,6 k €↑
  9. 2017
    Annual accounts 2017260,3 k €↓
  10. 2016
    Annual accounts 2016291,1 k €↑
  11. 2015
    Annual accounts 2015208,3 k €↑
  12. 2014
    Annual accounts 2014135,9 k €↓
  13. 2013
    Annual accounts 2013160,4 k €↑
  14. 2012
    Annual accounts 2012153,8 k €↑
  15. 2011
    Annual accounts 2011129,4 k €↓
  16. 2010
    Annual accounts 2010161,9 k €
  17. 16/02/2009
    IncorporationPrivate limited company