HOUSEMASTER
ActiveSummary
HOUSEMASTER has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€403,644) and a net result of -€50,026. Equity is shrinking by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 8% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability25▲+2
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.44 in 2023; short-term debt: 51.3% and cash: 6.9% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-63.6%
Return on assets
-7.9%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€403,644
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
49 d late
2022
70 d late
2021
60 d late
2020
54 d late
2019
39 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 50 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€403,644▼ 14.1%
2023 · -€353,618
Total assets
€635,157▼ 20.9%
2023 · €803,458
Net result
-€50,026▲ 8.9%
2023 · -€54,917
Working capital
-€242,705▼ 1.4%
2023 · -€239,252
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€67,828▼ 890%-€81,835▼ 20.7%€20,698-€40,395-€36,101▲ 10.6%
Net result-€69,828▼ 287%-€83,232▼ 19.2%€12,738-€54,917-€50,026▲ 8.9%
Equity-€228,207▼ 44.1%-€311,439▼ 36.5%-€298,701▲ 4.1%-€353,618▼ 18.4%-€403,644▼ 14.1%
Total assets€1.3m▲ 59.1%€911,204▼ 28.8%€1.5m▲ 60.0%€803,458▼ 44.9%€635,157▼ 20.9%
Debt€1.5m▲ 56.7%€1.2m▼ 18.9%€1.8m▲ 43.7%€1.2m▼ 34.1%€1.0m▼ 10.2%
Working capital-€59,461▼ 33.7%-€99,512▼ 67.4%-€250,919▼ 152%-€239,252▲ 4.6%-€242,705▼ 1.4%
Staff (FTE)0.7
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets +60% on 2021. Cause not known from the registers.
- 2020 Total assets +59% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36,101 in 2024 against €40,395 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €635,157
Fixed assets
€552,274 ▼ 10.0%
Current assets
€82,883 ▼ 56.3%
Key figures and ratios
EBITDA
€26,128▲
2023 · €21,559
Cash flow
€12,204▲
2023 · €7,036
Solvency
-63.6%▼
2023 · -44.0%
Current ratio
0.25▼
2023 · 0.44
Debt to equity
-2.57▲
2023 · -3.27
ROA
-7.9%▼
2023 · -6.8%
Interest coverage
1.88▲
2023 · 1.48
Debt ≤ 1 year
€325,588▼
2023 · €428,788
Debt > 1 year
€708,348▼
2023 · €722,063
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.7%
went bankrupt
3.9%
stopped otherwise
93%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,242 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,148 | €45,452 | €48,967 | €61,953 | €62,230 | ▲ 0.4% |
| Other operating charges640/8 | - | €7,616 | €3,651 | €3,730 | €3,949 | ▲ 5.8% |
| Gross operating margin9900 | €5,356 | -€28,767 | €73,315 | €25,289 | €30,077 | ▲ 18.9% |
| Operating profit (loss)9901 | -€67,828 | -€81,835 | €20,698 | -€40,395 | -€36,101 | ▲ 10.6% |
| Financial charges65/66B | - | €1,397 | €7,960 | €14,522 | €13,925 | ▼ 4.1% |
| Recurring financial charges65 | €2,000 | €1,397 | €7,960 | €14,522 | €13,925 | ▼ 4.1% |
| Profit (loss) for the period before taxes9903 | -€69,828 | -€83,232 | €12,738 | -€54,917 | -€50,026 | ▲ 8.9% |
| Profit (loss) for the period9904 | -€69,828 | -€83,232 | €12,738 | -€54,917 | -€50,026 | ▲ 8.9% |
| Profit (loss) for the period to be appropriated9905 | -€69,828 | -€83,232 | €12,738 | -€54,917 | -€50,026 | ▲ 8.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €911,204 | €1.5m | €803,458 | €635,157 | ▼ 20.9% |
| Fixed assets21/28 | €223,352 | €178,470 | €693,603 | €613,922 | €552,274 | ▼ 10.0% |
| Tangible fixed assets22/27 | €218,352 | €173,470 | €693,603 | €613,922 | €552,274 | ▼ 10.0% |
| Land and buildings22 | - | €163,333 | €689,908 | €608,115 | €548,227 | ▼ 9.8% |
| Plant, machinery and equipment23 | - | €244 | €171 | €98 | €25 | ▼ 74.8% |
| Furniture and vehicles24 | - | €9,893 | €3,524 | €5,710 | €4,022 | ▼ 29.6% |
| Financial fixed assets28 | €5,000 | €5,000 | - | - | - | - |
| Current assets29/58 | €1.1m | €732,733 | €764,359 | €189,535 | €82,883 | ▼ 56.3% |
| Stocks and contracts in progress3 | €534,274 | €628,753 | €463,200 | - | - | - |
| Contracts in progress37 | - | €628,753 | €463,200 | - | - | - |
| Amounts receivable within one year40/41 | €511,865 | €88,514 | €24,986 | €50,143 | €15,048 | ▼ 70.0% |
| Trade receivables40 | - | - | €1,558 | - | €4,840 | - |
| Other amounts receivable41 | - | €88,514 | €23,427 | €50,143 | €10,208 | ▼ 79.6% |
| Cash at bank and in hand54/58 | €5,313 | €10,548 | €7,770 | €135,925 | €43,803 | ▼ 67.8% |
| Deferred charges and accrued income490/1 | - | €4,918 | €268,403 | €3,467 | €24,032 | ▲ 593% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €911,204 | €1.5m | €803,458 | €635,157 | ▼ 20.9% |
| Equity10/15 | -€228,207 | -€311,439 | -€298,701 | -€353,618 | -€403,644 | ▼ 14.1% |
| Contributions10/11 | - | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €10,538 | €10,538 | €10,538 | €10,538 | €10,538 | = |
| Non-distributable reserves130/1 | - | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Reserves not available under the articles1311 | - | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Distributable reserves133 | - | €8,638 | €8,638 | €8,638 | €8,638 | = |
| Profit (loss) carried forward14 | -€257,745 | -€340,977 | -€328,239 | -€383,156 | -€433,182 | ▼ 13.1% |
| Amounts payable17/49 | €1.5m | €1.2m | €1.8m | €1.2m | €1.0m | ▼ 10.2% |
| Amounts payable after more than one year17 | €391,523 | €385,323 | €739,385 | €722,063 | €708,348 | ▼ 1.9% |
| Financial debts170/4 | - | €10,323 | €364,385 | €347,063 | €333,348 | ▼ 4.0% |
| Other amounts payable178/9 | - | €375,000 | €375,000 | €375,000 | €375,000 | = |
| Amounts payable within one year42/48 | €1.1m | €832,245 | €1.0m | €428,788 | €325,588 | ▼ 24.1% |
| Financial debts43 | - | €136,210 | €212,882 | €17,322 | €13,716 | ▼ 20.8% |
| Credit institutions430/8 | - | €136,210 | €18,882 | €17,322 | €13,716 | ▼ 20.8% |
| Other loans439 | - | - | €194,000 | - | - | - |
| Trade debts44 | €30,420 | €8,193 | €72,755 | €23,211 | €10,143 | ▼ 56.3% |
| Suppliers440/4 | - | €8,193 | €72,755 | €23,211 | €10,143 | ▼ 56.3% |
| Taxes, remuneration and social security45 | - | - | €6,941 | €206 | - | - |
| Taxes450/3 | - | - | €6,941 | €206 | - | - |
| Other amounts payable47/48 | - | €687,842 | €722,700 | €388,049 | €301,730 | ▼ 22.2% |
| Accrued charges and deferred income492/3 | - | €5,075 | €2,000 | €6,225 | €4,866 | ▼ 21.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€69,828 | -€83,232 | €12,738 | -€54,917 | -€50,026 | ▲ 8.9% |
| + Depreciation and write-downs630 | €45,148 | €45,452 | €48,967 | €61,953 | €62,230 | ▲ 0.4% |
| Operating cash flow (approximation) | -€24,680 | -€37,780 | €61,704 | €7,036 | €12,204 | ▲ 73.4% |
| Investment in fixed assets (approximation) | - | -€570 | -€564,099 | €17,728 | -€582 | ▼ 103% |
| Change in cash | - | €5,235 | -€2,778 | €128,155 | -€92,121 | ▼ 172% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Back to profitnet €12,738
Net result €12,738 after 4 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Weakest financial yearnet -€83,232
Net result drops to -€83,232, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 54 days late
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 39 days late
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 68 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 55 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 56 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Kapellen · 1 establishment unit since 1988
Ground area
7,143 m²
Building footprint
792 m²
Volume, LiDAR
12,549 m³
2 parcels, Flanders · tallest building 24.7 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Establishment
since 19882.033.593.815
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023I0112/00T000 | Flanders | 5,607 m² | 1 · 245 m² | 16.3 m · 2 fl. |
| 11802B2037/00L000 | Flanders | 1,536 m² | 1 · 548 m² | 24.7 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,711 companies in sector 73200 we hold annual accounts for 1,781. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-12-1987
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432940890
Also
9925:BE0432940890
Registered
24-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.