Equity
-€135,751
Debts exceed assets in financial year 2024.
Maastery
Lifetime
19 annual accounts with figures on one time axis, 24 filings since 2001peak €203,886 (2010)
€37,178▲ 490%
lowest -€105,716 (2020)
€18,474▲ €116,767
peak €227,689 (2014)
-€135,751▲ €18,249
€402,170▼ 3.7%
peak 4.1 FTE (2010)
-not published
Board2 names since 2020
Owners
Documentsfilings and deeds
18-08-202518 days late
2024financial year
Gross margin from €6,304 to €37,178Back to profit: €18,474Cash from €39,470 to €11,815
Key points
from the 2024 annual accountsResult
€18,474 €18,474
Back in profit in 2024, after a loss of €98,293 in 2023.
Turnover
≈ €130,000 estimated
The accounts state no turnover.
Debts
€402,170 151% of the balance sheet
Suppliers 29%Taxes and wages 8%Other 63%
Filings
24 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-50.9%
Lower solvency than 94% of companies in computer programming and consultancy. Sector median 42.1% · 1,531 companies.
Checked score
53
Fair
Financially stronger than 21% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.3%highest value
01-2025: 3.3%● unchanged vs 12-2024highest value
02-2025: 3.3%● unchanged vs 01-2025highest value
03-2025: 3.2%▼ -0.1 percentage points vs 02-2025
04-2025: 3.2%● unchanged vs 03-2025
05-2025: 3.1%▼ -0.1 percentage points vs 04-2025
06-2025: 3.0%▼ -0.1 percentage points vs 05-2025
07-2025: 3.1%▲ +0.1 percentage points vs 06-2025
08-2025: 3.0%▼ -0.1 percentage points vs 07-2025
09-2025: 0.4%▼ -2.6 percentage points vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026lowest value
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.2 percentage points vs 07-2026
09-2026: 0.8%▲ +0.2 percentage points vs 08-2026
10-2026: 1.0%▲ +0.2 percentage points vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Figures for financial year 2024 (filed on 18-08-2025)
Negative equity -€135,751
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €266,625
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 3% of them on solvency, 3% on liquidity, 19% on profitability and 58% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,794 companies had the same profile as Maastery has now. Each dot stands for 10 companies, two years later.
91.5%
were still trading
5.3%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Maastery itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,794 companies, not a prediction for Maastery. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.65 (0.62 in 2023), below 1. Short-term debt is 150.8% and cash 4.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 1531 sector peers (2024).
NBB · sector comparisonPosition among 1531 sector peers
Solvency
better than 6%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 18 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
18 days late
2023
30 days late
2022
31 days late
2021
26 days late
2020
31 days late
2019
7 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 24 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Virtuology International consolidatesscore 78equity €3.9m (2025) · annual accounts 2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0474071959
Registered office moved to Brussels
New registered office: Avenue George Bermann 70 1050 Bruxelles · Board meeting of 15-05-2023 · Gazette deed
Company renamed from Telio to Maastery
Resignation: Tailor Made Solutions (director) · Appointment: ROUSSEAUX Olivier Marie François Véronique (director) · “article 3 du nouveau texte des statuts” (deed in French) · General meeting of 05-02-2020 · Gazette deed
New manager
Tailor Made Solutions SPRL appointed, Pierre Losson resigned · Permanent representative: Cédric Donck · General meeting of 01-07-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Maastery Ixelles | €266,625 | €37,178 | -50.9% | - |
| MASH CONSULTING Sint-Gillis (bij-Brussel) | €290,643 | €41,086 | 89.9% | - |
| AVISEC Uccle | €285,224 | €41,964 | 71.1% | - |
| MANUFACTURING EXECUTION SYSTEM CONSULTANCY Molenbeek-Saint-Jean | €238,688 | €32,539 | 91.0% | - |
| JAMASAKI Hasselt | €266,005 | €36,108 | 28.7% | - |
| CITELEC Mons | €255,181 | €38,246 | 33.4% | - |
| D&D FACTORY Grez-Doiceau | €248,786 | €38,468 | 69.6% | - |
These companies have the same main activity as Maastery: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €239,000 and €291,000, founded between 2000 and 2003.
Official details
Source: KBO- Status
- Active since 12-02-2001Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.098.145.6321050 Ixelles, since 13-06-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 01-02-2026
Insights on Maastery
Maastery has existed since 2001. The gross margin fell from €118,496 in 2022 to €6,304 in 2023 and staff from 2.7 to 1.2 full-time equivalents.
Solvency rose in 2024 from -58.4% to -50.9% because of the retained profit.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Maastery
- What is the company number of Maastery?
- The company number of Maastery is 0474.071.959. The VAT number is the same number with BE in front: BE 0474.071.959.
- Where is Maastery based?
- The registered office is at George Bergmannlaan 70, 1050 Ixelles.Company details
- What does Maastery do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of Maastery?
- Maastery is a private limited company (BV).
- When was Maastery founded?
- Maastery was founded on 12-02-2001.
- Is Maastery still active?
- Yes, Maastery is an active enterprise in the KBO register.
- How many employees does Maastery have?
- Maastery had an average of 1.2 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does Maastery fall under?
- In its 2024 annual accounts, Maastery states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Maastery?
- The turnover in financial year 2024 is ≈ €130,000. This figure is estimated from the gross margin of €37,178 and 81 comparable companies (NACE 62200). It probably lies between €100,000 and €180,000.
- Is Maastery profitable?
- In financial year 2024, Maastery made a profit of €18,474.
- Where can I find the annual accounts of Maastery?
- Maastery filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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