BEAU Masters
ActiveThe file of BEAU Masters contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The annual accounts of BEAU Masters for fiscal year 2025 show a net loss of 86% of the equity at the start of that year. The computed 12-month bankruptcy probability is 1.3% (low). The 2025 annual accounts show equity of €6k and a net result of €-39k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 7331 sector peers (fiscal year 2025).
Checked score
Score 2025
29
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-84
Solvency31▼-37
Growth52▼-26
Track record85
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.85 against 1.86 in 2024; short-term debt: 69.9% and cash: 0% of total assets), and 93.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.3%
Return on assets
-38.3%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7331 sector peers (2025).
NBB · sector comparisonPosition among 7331 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
19 d late
2024
29 d late
2023
26 d late
2022
3 d early
2021
37 d early
2020
43 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k▼ 85.9%
2024 · €46k
2019: €3k
2020: €1k
2021: €4k
2022: €14k
2023: €32k
2024: €46k
2019 → 2025
Total assets
€103k▼ 4.2%
2024 · €107k
2019: €4k
2020: €2k
2021: €7k
2022: €20k
2023: €56k
2024: €107k
2019 → 2025
Net result
€-39k
2024 · €13k
2019: €-9k
2020: €-2k
2021: €3k
2022: €10k
2023: €18k
2024: €13k
2019 → 2025
Working capital
€-11k
2024 · €24k
2019: €1k
2020: €-3
2021: €442
2022: €10k
2023: €27k
2024: €24k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4k-€14k▲ 272%€32k▲ 131%€46k▲ 41.6%€6k▼ 85.9%
Operating result€3k-€13k▲ 284%€26k▲ 105%€22k▼ 17.0%€-34k
Net result€3k-€10k▲ 276%€18k▲ 78.9%€13k▼ 26.6%€-39k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €34k after €22k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103k
Fixed assets
€42k▼ 25.6%
Current assets
€61k▲ 19.3%
Equity and liabilities €103k
Equity
€6k▼ 85.9%
Debt
€96k▲ 56.7%
The debt ratio rises from 57.3% to 93.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-20k▼
2024 · €33k
Cash flow
€-25k▼
2024 · €25k
Solvency
6.3%▼
2024 · 42.7%
Current ratio
0.85▼
2024 · 1.86
Quick ratio
0.85▼
2024 · 1.86
Debt / equity
14.95▲
2024 · 1.34
ROE
-610.4%▼
2024 · 29.4%
ROA
-38.3%▼
2024 · 12.5%
Interest coverage
-3.42▼
2024 · 8.17
Debt
€96k▲
2024 · €61k
Debt ≤ 1 year
€72k▲
2024 · €27k
Debt > 1 year
€24k▼
2024 · €34k
Income taxes
€321▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€107k€103k▼
Fixed assets21/28€56k€42k▼
Tangible fixed assets22/27€56k€42k▼
Plant, machinery and equipment23€838€628▼
Furniture and vehicles24€55k€41k▼
Current assets29/58€51k€61k▲
Amounts receivable within one year40/41€46k€61k▲
Trade receivables40€45k€22k▼
Other amounts receivable41€865€38k▲
Cash at bank and in hand54/58€5k€0▼
Deferred charges and accrued income490/1€348€46▼
Equity and liabilities
Total equity and liabilities10/49€107k€103k▼
Equity10/15€46k€6k▼
Contributions10/11€12k€12k=
Reserves13€33k€33k=
Distributable reserves133€33k€33k=
Profit (loss) carried forward14-€-39k
Amounts payable17/49€61k€96k▲
Amounts payable after more than one year17€34k€24k▼
Financial debts170/4€34k€24k▼
Amounts payable within one year42/48€27k€72k▲
Current portion of amounts payable after more than one year42€9k€10k▲
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€5k€48k▲
Suppliers440/4€5k€48k▲
Taxes, remuneration and social security45€12k€11k▼
Taxes450/3€10k€9k▼
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€1k€0▼
Accrued charges and deferred income492/3€27€387▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€14k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€34k€-18k▼
Operating profit (loss)9901€22k€-34k▼
Financial income75/76B€3€1k▲
Recurring financial income75€3€1k▲
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€18k€-39k▼
Income taxes67/77€4k€321▼
Profit (loss) for the period9904€13k€-39k▼
Profit (loss) for the period to be appropriated9905€13k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-39k▼
Transfer to equity691/2€13k€0▼
To other reserves6921€13k€0▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · BEAU MASTERS BV VENNESTRAAT 69 BUS 21, 3600 GENK · event 26-08-2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
23-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · BEAU MASTERS BV VENNE- STRAAT 69 BUS 21, 3600 GENK · event 15-07-2026
2025
31-12
Financial
Weakest financial yearnet €-39k ▼393%
Net result drops to €-39k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Highest result since 2019net €18k ▲78.9%
Operating result €26k, net result €18k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 2.76
Current ratio from 1.13 to 2.76.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lanaken · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molenweideplein 193620 LanakenGround area
3,226 m²
Building footprint
1,042 m²
Volume, LiDAR
5,346 m³
2 parcels, Flanders · tallest building 17.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BEAU Masters
since 20182.274.776.791
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71307H0353/00W000 | Flanders | 1,860 m² | 1 · 638 m² | 11.1 m |
| 73042D0783/00E002 | Flanders | 1,365 m² | 1 · 405 m² | 17.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MARK HUYGEN RIEMSTERWEG 7A, BUS 2,
3740 BILZEN-HOESELT |
15-07-2026 → present |
| Curator | MARTINE
CLAESEN RIEMSTERWEG 7A BUS 2, 3740 BILZEN-HOESELT- |
15-07-2026 → present |
Similar companies · same sector, comparable size
MK PROJECTS
BE 0820.313.954
Brugge · Eq €6k
Etablissements Minne
BE 1004.602.472
Ottignies-Louvain-la-Neuve · Eq €6k
OVI GROUP
BE 1002.592.592
Grimbergen · Eq €6k
BOUWWERKEN MICHIELS GEERT
BE 0477.183.580
Herselt · Eq €6k
NHL Construct
BE 0736.419.446
Opwijk · Eq €6k
Of 29,810 companies in sector 41001 we hold annual accounts for 16,032. 7,499 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-03-2018
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
25110Manufacture of metal structures and parts of structures
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
25999Manufacture of fabricated metal products, except machinery and equipment
33120Repair and maintenance of machinery
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43990Other specialised construction activities
43999Specialised construction activities
46649Wholesale of other machinery and equipment
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.