Age22 yrs
Real estate1 parcel · 557 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of LES MAITRES ARTISANS is 0.9% (low). The 2024 annual accounts show equity of €203k and a net result of €-7k. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 122 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.9%
Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Long track record
−Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 29 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 30-06-2025 | 31 d early | 2025-00211763 |
| 31-12-2023 | 31-07-2024 | 01-07-2024 | 30 d early | 2024-00192789 |
| 31-12-2022 | 31-07-2023 | 03-07-2023 | 28 d early | 2023-00192085 |
| 31-12-2021 | 31-07-2022 | 29-06-2022 | 32 d early | 2022-20116495 |
| 31-12-2020 | 31-07-2021 | 28-06-2021 | 33 d early | 2021-25600543 |
| 31-12-2019 | 31-07-2020 | 03-07-2020 | 28 d early | 2020-25700572 |
| 31-12-2018 | 31-07-2019 | 05-08-2019 | 5 d late | 2019-43600122 |
| 31-12-2017 | 31-07-2018 | 11-07-2018 | 20 d early | 2018-31900261 |
| 31-12-2016 | 31-07-2017 | 14-07-2017 | 17 d early | 2017-31200566 |
| 31-12-2015 | 31-07-2016 | 12-07-2016 | 19 d early | 2016-30200428 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 2003, 22 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-7k
Working capital€-233k-54.0%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 30-06-2025 with the NBB · fiscal year 2024 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~11.7%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 10, Food manufacturing · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 20.2% | 27.6% | |
| Net result | €-7k | €25k | |
| Equity | €203k | €396k | |
| Gross operating margin | €281k | €406k | |
| Staff costs | €166k | €506k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P41
Stable position over 2020-2024
· n=75-122
P22
Stable position over 2020-2024
· n=75-121
P42
Improving position over 2020-2024
· n=75-122
P37
Stable position over 2020-2024
· n=44-84
Describes the position versus peers, not a forecast.
€102k
-31.3%
18-24
€-7k
-
18-24
€78k
-32.5%
18-24
€1.01M
+21.1%
18-24
€203k
-5.5%
18-24
€-233k
-54.0%
18-24
4
+4.8%
18-24
€166k
+11.7%
18-24
Show 12 other metrics
€278
-98.0%
18-24
€3k
-67.9%
18-24
€797k
+30.9%
18-24
€339k
+27.4%
18-24
€458k
+33.6%
18-24
0.31
-27.5%
18-24
0.22
-34.1%
18-24
20.2%
-22.0%
18-24
3.93
+38.5%
18-24
-3.4%
-
18-24
-0.7%
-
18-24
3.68
-39.2%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €102k |
| Net profit | €-7k |
| Cash flow | €78k |
| Staff costs | €166k |
| Income taxes | €278 |
| Dividends | €3k |
| Total assets | €1.01M |
| Equity | €203k |
| Debt | €797k |
| of which ≤ 1y | €339k |
| of which > 1y | €458k |
| Working capital | €-233k |
| Employees (FTE) | 4.4 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.31 |
| Quick ratio | 0.22 |
| Working capital ratio | -23.1% |
| Solvency | 20.2% |
| Debt / equity | 3.93 |
| Long-term debt ratio | 2.26 |
| Interest coverage | 3.68 |
| Gross margin | - |
| Net margin | - |
| ROA | -0.7% |
| ROE | -3.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.01M |
| Fixed assets | 21/28 | €899k |
| Tangible fixed assets | 22/27 | €899k |
| Financial fixed assets | 28 | €250 |
| Current assets | 29/58 | €106k |
| Stocks & contracts in progress | 3 | €32k |
| Amounts receivable within one year | 40/41 | €51k |
| Cash & bank | 54/58 | €8k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.01M |
| Equity | 10/15 | €203k |
| Contributions / capital | 10/11 | €35k |
| Reserves | 13 | €145k |
| Accumulated profits (losses) | 14 | €82 |
| Provisions & deferred taxes | 16 | €5k |
| Amounts payable | 17/49 | €797k |
| Amounts payable after one year | 17 | €458k |
| Amounts payable within one year | 42/48 | €339k |
| Trade debts payable within one year | 44 | €74k |
| Income statement | ||
| Gross operating margin | 9900 | €281k |
| Operating result | 9901 | €18k |
| Financial income | 75 | €3k |
| Financial charges | 65 | €28k |
| Result before taxes | 9903 | €-8k |
| Income taxes | 67/77 | €278 |
| Net result for the period | 9904 | €-7k |
| Result to be appropriated | 9905 | €-4k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed20
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Rue du Centre 94950 WaimesEstablishment units
1 locationLes Maîtres Artisans SPRL
since 20042.134.187.565
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area557 m²
Buildings1
Building footprint146 m²
Volume (LiDAR)589 m³
Tallest building9.4 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63080F0281/00C000 | Wallonia | 557 m² | 1 · 146 m² | 9.4 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 act Capital history · 1
01-08-2023
Capital change
All acts · 1
updated 3 years ago
2023
01-08-2023 Capital decrease of €38,500 to €0
Analysis
Financial profile
5 of 5 axes measured37
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
20
Profitability
0
Solvency
14
Growth
52
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 53 of the 327 companies in this sector. 32 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Vervaardiging van producten van vlees of van vlees van gevogelte10130Vervaardiging van verse vleeswaren en van vleesconserven15131Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte47221Detailhandel in vlees en vleeswaren52220Groothandel in vlees en vleesproducten, uitgezonderd vlees van wild en van gevogelte46321Detailhandel in dranken, algemeen assortiment47252Detailhandel in zuivelproducten en eieren47271Detailhandel in zuivelproducten en eieren in gespecialiseerde winkels47291Groothandel in vlees en vleeswaren, exclusief vlees van gevogelte en van wild51321Detailhandel in alcoholische en andere dranken52250
Primary activity highlighted.
Names & trade names
| Legal nameFR | LES MAITRES ARTISANS |
Registered office
Rue du Centre 9
4950 Waimes, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.