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Generated 22-07-2026
Active BE 0787.945.252Private limited company

BELGOTEC MASTER

Van der Schuerenstraat(Ned) 50 ·9400 Ninove, Belgium· 4 yrs active
Sector: Construction of buildings (41001)
Conclusion Checked

The computed 12-month bankruptcy probability of BELGOTEC MASTER is 13.9% (high). The 2023 annual accounts show equity of €2k and a net result of €-3k. Its solvency ranks better than 70% of 3087 sector peers (fiscal year 2023). The company has been active since 2022 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €2k
Net result €-3k
Better than sector 70%
Active 4 yrs
Snowflake analysis 5 axes · computed by Checked
Health55Profitability0Solvency97Growth50Stability63
53 / 100

Mixed profile: strong on solvency, weaker on profitability.

Health 55
Profitability 0
Solvency 97
Growth 50
Stability 63
Bankruptcy probability (12 mo) Checked model v1 · free
13.9% High
0%0,5%1,5%4%10%≥25%
Young company +Recent warning signals +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
3 / 100
Low risk
Components
· 1 administrative flag (+3)
Trust signals 2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administrative Flags 2 events
Address struckAddress strikeout annulled
Health barometer FY 2023 · computed
55 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 30-08-2024 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 55.9% 37.6%
better than 70% of 3087 sector peers
Net result €-3k €9k
better than 16% of 3080 sector peers
Equity €2k €25k
better than 14% of 3092 sector peers
Gross operating margin €-2k €27k
better than 10% of 3075 sector peers
Total assets €3k €79k
better than 5% of 3088 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2023
Revenue-
EBITDA€-2k
Net profit€-3k
Cash flow€-2k
Staff costs-
Income taxes-
Dividends-
Total assets€3k
Equity€2k
Debt€1k
of which ≤ 1y€1k
of which > 1y-
Working capital€2k
Employees (FTE)-
Ratios (computed)
2023
Current ratio2.27
Quick ratio2.27
Working capital ratio55.9%
Solvency55.9%
Debt / equity0.79
Long-term debt ratio-
Interest coverage-17.86
Gross margin-
Net margin-
ROA-128.0%
ROE-228.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€3k
Current assets 29/58€3k
Amounts receivable within one year 40/41€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3k
Equity 10/15€2k
Contributions / capital 10/11€5k
Accumulated profits (losses) 14€-3k
Amounts payable 17/49€1k
Amounts payable within one year 42/48€1k
Trade debts payable within one year 44€1k
Income statement
Gross operating margin 9900€-2k
Operating result 9901€-3k
Financial income 75€58
Financial charges 65€126
Result before taxes 9903€-3k
Net result for the period 9904€-3k
Result to be appropriated 9905€-3k
Ratios computed by Checked.
Legal Structure
NACE primary Construction of buildings(41001)
Legal form Private limited company(610)
Incorporation01-07-2022
StatusActive
Postal code9400
Establishment units 1 location
BELGOTEC MASTER
Ruelle Martin(THN) 2, 6530 ThuinAlgemene bouw van residentiële gebouwen
since 20252.379.209.268
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
41044A0424/00T002 Flanders 326 m² 1 · 107 m² 11.1 m · 2 fl.
56078E0213/00Z000 Wallonia 41 m² 1 · 41 m² 9.2 m · 3 fl.
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.
Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
05-09-2025
KBO administration Address strikeout annulled
29-08-2025
KBO administration Address struck
29-08-2025
State Gazette act Director changes
2024
30-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
Lifecycle & Insolvency Signals 2 events
05-09-2025
KBO administration Address strikeout annulled
 · Publications in State Gazette ↗
29-08-2025
KBO administration Address struck
 · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-08-29 · KBO administration · Address struck2025-09-05 · KBO administration · Address strikeout annulled
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 10 months ago
2025
29-08-2025 1 director appointed, 1 resigning Director changes
  • BUISSART Michel, Bestuurder
  • TETIK Fatih, Bestuurder
Technical details 
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  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "TETIK Fatih",
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        "birth_place": null
      },
      "reason": "end_of_term",
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Mijnheer TETIK Fatih wordt ontslagen als Bestuurder. Er wordt kwijting gegeven voor zijn beheer tot op heden.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
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      "person": {
        "rrn": null,
        "name": "BUISSART Michel",
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        "birth_date": "1965-11-23",
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      },
      "reason": null,
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      "evidence_quote": "Mijnheer BUISSART Michel benoemd Bestuurder met ingang van vandaag.",
      "decharge_status": null,
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      "effective_date_qualifier": "immediate"
    },
    {
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      "evidence_quote": "Er wordt kwijting gegeven voor zijn beheer tot op heden.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": "dagelijks_bestuur",
      "person": {
        "rrn": null,
        "name": "BUISSART Michel",
        "address": null,
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      },
      "reason": null,
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      "evidence_quote": "",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "substantive_delegation",
      "role": "dagelijks_bestuur",
      "person": {
        "rrn": null,
        "name": "TETIK Fatih",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
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      "via_org": null,
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      "evidence_quote": "",
      "decharge_status": null,
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      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brul",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-08-29",
    "filing_date": "2025-08-22",
    "act_kind_objet": "Modificatie"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2025-06-26",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0787.945.252",
    "name_full": "BELCOTEC MASTER",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "BUISSART Michel",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van andere niet-residentiële gebouwen41003Handelsbemiddeling in de groothandel in andere specifieke goederen46180
Primary activity highlighted.
Names & trade names
Legal nameNL BELGOTEC MASTER
Registered office
Van der Schuerenstraat(Ned) 50
9400 Ninove, Belgium
Registration history
  1. 05-09-2025 Address strikeout annulled
  2. 29-08-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative