Legamaster
ActiveSummary
Legamaster has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€734,568) and a net result of -€181,737. Equity is shrinking by ~47.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 8160 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
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 0.78 against 0.82 in 2024; short-term debt: 126.1% and cash: 14.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
-67.4%
Return on assets
-16.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192122232425
2018 to 2025 · latest year -€734,568
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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
11 d late
2024
67 d late
2023
68 d late
2022
23 d early
2021
79 d early
2019
9 d early
2018
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€734,568▼ 32.9%
2024 · -€552,830
Total assets
€1.1m▲ 6.9%
2024 · €1.0m
Net result
-€181,737▲ 44.6%
2024 · -€328,166
Working capital
-€305,582▼ 42.9%
2024 · -€213,873
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€251,057--€162,135▲ 35.4%€24,157-€323,853-€175,950▲ 45.7%
Net result-€260,690below the sector's middle half--€172,071below the sector's middle half▲ 34.0%€18,492within the sector's middle half-€328,166below the sector's middle half-€181,737below the sector's middle half▲ 44.6%
Equity-€71,086below the sector's middle half--€243,157below the sector's middle half▼ 242%-€224,665below the sector's middle half▲ 7.6%-€552,830below the sector's middle half▼ 146%-€734,568below the sector's middle half▼ 32.9%
Total assets€1.3mwithin the sector's middle half-€1.6mwithin the sector's middle half▲ 21.1%€1.3mwithin the sector's middle half▼ 17.3%€1.0mwithin the sector's middle half▼ 23.4%€1.1mwithin the sector's middle half▲ 6.9%
Debt€1.4m-€1.8m▲ 32.3%€1.5m▼ 16.2%€1.5m▲ 1.6%€1.8m▲ 16.7%
Working capital€250,581within the sector's middle half-€213,257within the sector's middle half▼ 14.9%€37,695below the sector's middle half▼ 82.3%-€213,873below the sector's middle half-€305,582below the sector's middle half▼ 42.9%
Solvency-5.3%below the sector's middle half--15.1%below the sector's middle half▼ 9.8pp-16.9%below the sector's middle half▼ 1.8pp-54.2%below the sector's middle half▼ 37.3pp-67.4%below the sector's middle half▼ 13.2pp
Current ratio1.23within the sector's middle half-1.15below the sector's middle half▼ 0.081.03below the sector's middle half▼ 0.120.82below the sector's middle half▼ 0.210.78below the sector's middle half▼ 0.04
Return on assets (ROA)-19.6%below the sector's middle half--10.7%below the sector's middle half▲ 8.9pp1.4%within the sector's middle half▲ 12.1pp-32.2%below the sector's middle half▼ 33.6pp-16.7%below the sector's middle half▲ 15.5pp
Staff (FTE)6.5within the sector's middle half-6.6within the sector's middle half▲ 1.5%5.6within the sector's middle half▼ 15.2%6.6within the sector's middle half▲ 17.9%6.5within the sector's middle half▼ 1.5%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €175,950 in 2025 against €323,853 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€20,850 ▼ 47.8%
Current assets
€1.1m ▲ 9.1%
Key figures and ratios
EBITDA
-€175,950▲
2024 · -€315,335
Cash flow
-€181,737▲
2024 · -€319,648
Debt to equity
-2.43▲
2024 · -2.77
Interest coverage
-37.66▲
2024 · -71.69
Debt ≤ 1 year
€1.4m▲
2024 · €1.2m
Income taxes
€1,129▲
2024 · €1,077
Staff costs
€769,180▼
2024 · €782,184
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 6,639 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €607,307 | €663,856 | €767,858 | €782,184 | €769,180 | ▼ 1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €795 | €691 | €4,640 | €8,518 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €44,556 | -€3,371 | €3,201 | €0 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €112,181 | €189,625 | €0 | - | - | - |
| Other operating charges640/8 | €657 | €3,668 | €960 | €7,947 | €8,406 | ▲ 5.8% |
| Non-recurring operating charges66A | - | - | €1,904 | €0 | €29,431 | - |
| Gross operating margin9900 | €514,439 | €692,332 | €802,721 | €474,796 | €631,067 | ▲ 32.9% |
| Operating profit (loss)9901 | -€251,057 | -€162,135 | €24,157 | -€323,853 | -€175,950 | ▲ 45.7% |
| Financial income75/76B | €1,358 | €998 | €0 | €1,163 | €14 | ▼ 98.8% |
| Recurring financial income75 | €1,358 | €998 | €0 | €1,163 | €14 | ▼ 98.8% |
| Financial charges65/66B | €9,880 | €9,686 | €4,768 | €4,399 | €4,672 | ▲ 6.2% |
| Recurring financial charges65 | €9,880 | €9,686 | €4,768 | €4,399 | €4,672 | ▲ 6.2% |
| Profit (loss) for the period before taxes9903 | -€259,579 | -€170,823 | €19,389 | -€327,089 | -€180,608 | ▲ 44.8% |
| Income taxes67/77 | €1,111 | €1,248 | €897 | €1,077 | €1,129 | ▲ 4.9% |
| Profit (loss) for the period9904 | -€260,690 | -€172,071 | €18,492 | -€328,166 | -€181,737 | ▲ 44.6% |
| Profit (loss) for the period to be appropriated9905 | -€260,690 | -€172,071 | €18,492 | -€328,166 | -€181,737 | ▲ 44.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.6m | €1.3m | €1.0m | €1.1m | ▲ 6.9% |
| Fixed assets21/28 | €13,099 | €12,408 | €48,454 | €39,936 | €20,850 | ▼ 47.8% |
| Tangible fixed assets22/27 | €2,595 | €1,904 | €37,949 | €29,431 | €0 | ▼ 100% |
| Furniture and vehicles24 | €2,595 | €1,904 | €37,949 | €29,431 | €0 | ▼ 100% |
| Financial fixed assets28 | €10,504 | €10,504 | €10,504 | €10,504 | €20,850 | ▲ 98.5% |
| Current assets29/58 | €1.3m | €1.6m | €1.3m | €980,157 | €1.1m | ▲ 9.1% |
| Amounts receivable within one year40/41 | €1.2m | €1.5m | €1.1m | €857,584 | €897,793 | ▲ 4.7% |
| Trade receivables40 | €1.2m | €1.5m | €1.1m | €853,548 | €897,043 | ▲ 5.1% |
| Other amounts receivable41 | €6,434 | €3,503 | €3,866 | €4,037 | €750 | ▼ 81.4% |
| Cash at bank and in hand54/58 | €123,837 | €113,530 | €118,718 | €97,617 | €157,121 | ▲ 61.0% |
| Deferred charges and accrued income490/1 | €18,924 | €14,053 | €20,302 | €24,956 | €14,867 | ▼ 40.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.6m | €1.3m | €1.0m | €1.1m | ▲ 6.9% |
| Equity10/15 | -€71,086 | -€243,157 | -€224,665 | -€552,830 | -€734,568 | ▼ 32.9% |
| Contributions10/11 | €12,408 | €12,408 | €12,408 | €12,408 | €12,408 | = |
| Capital10 | €12,408 | €12,408 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €6,192 | €6,192 | - | - | - | - |
| Reserves13 | €6,116 | €6,116 | €6,116 | €2,727 | €2,727 | = |
| Non-distributable reserves130/1 | €2,181 | €2,181 | €0 | - | - | - |
| Legal reserve130 | €2,181 | €2,181 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €0 | - | - | - |
| Tax-exempt reserves132 | €2,727 | €2,727 | €2,727 | €2,727 | €2,727 | = |
| Distributable reserves133 | €1,208 | €1,208 | €3,389 | €0 | - | - |
| Profit (loss) carried forward14 | -€89,610 | -€261,681 | -€243,189 | -€567,965 | -€749,702 | ▼ 32.0% |
| Provisions and deferred taxes16 | €44,563 | €58,936 | €50,999 | €44,299 | €41,575 | ▼ 6.2% |
| Provisions for liabilities and charges160/5 | €44,563 | €58,936 | €50,999 | €44,299 | €41,575 | ▼ 6.2% |
| Environmental obligations163 | €44,563 | €58,936 | €50,999 | €44,299 | €0 | ▼ 100% |
| Other liabilities and charges164/5 | - | - | - | - | €41,575 | - |
| Amounts payable17/49 | €1.4m | €1.8m | €1.5m | €1.5m | €1.8m | ▲ 16.7% |
| Amounts payable within one year42/48 | €1.1m | €1.4m | €1.2m | €1.2m | €1.4m | ▲ 15.2% |
| Trade debts44 | €950,346 | €1.2m | €1.1m | €1.1m | €1.3m | ▲ 14.8% |
| Suppliers440/4 | €950,346 | €1.2m | €1.1m | €1.1m | €1.3m | ▲ 14.8% |
| Taxes, remuneration and social security45 | €116,025 | €135,169 | €109,606 | €102,229 | €122,067 | ▲ 19.4% |
| Taxes450/3 | €60,835 | €68,357 | €48,066 | €39,330 | €48,585 | ▲ 23.5% |
| Remuneration and social security454/9 | €55,190 | €66,812 | €61,540 | €62,899 | €73,482 | ▲ 16.8% |
| Accrued charges and deferred income492/3 | €290,203 | €409,886 | €259,814 | €334,594 | €408,261 | ▲ 22.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€260,690 | -€172,071 | €18,492 | -€328,166 | -€181,737 | ▲ 44.6% |
| + Depreciation and write-downs630 | €795 | €691 | €4,640 | €8,518 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€259,895 | -€171,380 | €23,132 | -€319,648 | -€181,737 | ▲ 43.1% |
| Investment in fixed assets (approximation) | - | €0 | -€40,685 | €0 | €19,085 | - |
| Change in cash | - | -€10,307 | €5,189 | -€21,102 | €59,505 | ▲ 382% |
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
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
01-07
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 01-06-2026
- Registered-office move, Heffen-Dorp 6 Bis,2801 Mechelen
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 67 days late
2024
31-12
Financial
Weakest financial yearnet -€328,166
Net result drops to -€328,166, the lowest in the series; recovery starts the following year.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
31-12
Financial
Back to profitnet €18,492
Net result €18,492 after 3 loss-making years.
08-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 6 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2002
Ground area
464 m²
Building footprint
110 m²
Volume, LiDAR
743 m³
Parcel 12012C0496/00Z003, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Legamaster
since 20022.015.197.170
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12012C0496/00Z003 | Flanders | 464 m² | 1 · 110 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 332 companies in sector 46492 we hold annual accounts for 240. 186 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-06-1978
Fiscal year end31-12
Activities, NACEBEL 2025
46492Wholesale trade
46499Wholesale of other household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418575883
Also
9925:BE0418575883
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.