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Maastery

Active Private limited companyfounded 2001active for 25 yearsGeorge Bergmannlaan 70, 1050 IxellesKBO/BCE: BE 0474.071.959 subsidiary of Virtuology International
Maastery
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Overview

Lifetime

19 annual accounts with figures on one time axis, 24 filings since 2001
peak €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
1 directorROUSSEAUX Olivier Marie François Véronique
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 accounts

Equity

-€135,751
201920202021202220232024

Debts exceed assets in financial year 2024.

Result

€18,474 €18,474
-€98,3002023€18,5002024

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
AprilJune31 JulyOctober20102020

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 strength
Weak

0=equity -50.9% of total assets
6-13short-term debt 150.8% · cash 4.4%
43+43return on assets 6.9%

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
  • Micro
  • 20 years or older
  • negative equity
  • a profit of 5% of the balance sheet or more

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed on 18-08-2025)
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Size: total assets €266,625
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€135,751
NBB · annual accounts
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 comparison
Position 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 filings
Position 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 filings
Deviation 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)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

RO
ROUSSEAUX Olivier Marie François Véronique
Director, since 05-02-2020
Board & ownership

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
All 39 events

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
Company details

Annual accounts 2024

€37,178▲ 490%
€18,474
-€135,751▲ 11.9%
€266,625▲ 1.1%
Filing
Filed on 18-08-2025
Financials

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.

Financials

Annual accounts 2024

full format, filed on 18-08-2025, 18 days late

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 9 November 2026.

€37,178
▲ 490%
€4,432
▲ €86,267
€18,474
▲ €116,767
-€142,000
▲ €12,047
-50.9%
▲ 7.5 percentage points
0.65
▲ 0.02

The turnover shown is an estimate from the gross margin.

Turnover ≈ €130,000. Estimated: probably between €100,000 and €180,000.

Balance sheet

balance sheet total €266,625 on 31-12-2024
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-50.9%

Higher than 6% of 1,531 companies in 2024.

0.65

Higher than 12% of 1,505 companies in 2024.

6.9%

Higher than 53% of 1,517 companies in 2024.

Maastery Middle half of the sector 80% of the sector Full accounts in computer programming and consultancy (NACE 62)

Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 266,625263,711311,240234,322115,852152,050239,766260,320507,309733,003603,588455,879268,597279,373313,546276,050302,260307,506158,507
21/28 6,45510,1985,0778,62015,6603,9125021561,70664,98436,34148,44755,23762,47346,30450,37654,12353,8108,930
21 4,6997,9904,9637,81114,1561,662--44,22342,0839,5848,28916,58124,875-----
22/27 7161,1681148091,5052,200-16517,43322,85126,75731,30733,93837,54946,25450,32754,07453,7608,831
22 --------16,66620,00023,33326,66630,00034,15538,30942,46446,61846,667-
23 7161,168-----1657672,8513,4244,6403,9381,8784,9117,6627,0597,0948,782
24 --1148091,5052,200-------1,5173,034201396-49
28 1,0401,040---5050505050-8,8514,718505050505099
29/58 260,170253,513306,163225,702100,191148,138239,716260,105445,603668,019567,247407,433213,360216,899267,242225,674248,137253,696149,577
40/41 239,928208,702267,928164,99758,421138,174232,253258,598417,145663,070557,065380,750200,592162,982178,826106,126131,669159,93586,194
40 234,443199,183261,398159,27552,98258,750149,213160,952335,597346,221253,333325,101182,199140,479165,420105,391131,477149,94878,146
41 5,4859,5196,5305,7225,43879,42483,04097,64681,547316,849303,73255,64918,39322,50313,4067341939,9878,048
50/53 -------------13,42313,38726,61420,1481-
54/58 11,81539,47024,46745,88729,0022,8821,54536717,0831,7348,18415,5859,72537,43468,59690,13091,59393,57262,533
490/1 8,4275,34113,76814,81712,7697,0815,9181,14111,3753,2151,99811,0983,0433,0606,4332,8044,726189850
Balance sheet: equity and liabilities
10/49 266,625263,711311,240234,322115,852152,050239,766260,320507,309733,003603,588455,879268,597279,373313,546276,050302,260307,506158,507
10/15 -135,751-154,000-55,557-54,663-84,53821,17737,77681,36551,44238,569227,68978,93451,60822,024139,873156,613159,751146,004113,355
10/11 9,3129,3129,3129,3129,3129,3129,3129,3129,3129,3129,3129,3129,3129,3129,3129,3129,3129,3129,312
100 -----20,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,00020,000
101 -----10,68810,68810,68810,68810,68810,68810,68810,68810,68810,68810,68810,68810,68810,688
13 25,91425,91425,91325,91325,91325,91325,91325,91325,91325,91325,91325,91325,91325,913125,91425,91325,91325,91325,913
130/1 2,0002,0002,0002,0002,000--------------
130 -----2,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,0002,000
1311 2,0002,0002,0002,0002,000--------------
132 ----23,91323,91323,91323,91323,91323,91323,91323,91323,91323,91323,91423,91323,91323,91323,913
133 23,91423,91423,91323,913----------100,000----
14 -171,596-190,070-91,852-89,889-119,764-14,0482,55046,13916,2163,343192,46343,70816,382-13,2024,647121,387124,525110,77878,129
15 6198441,069----------------
16 206281356----------------
168 206281356----------------
17/49 402,170417,430366,441288,985200,390130,872201,990178,955455,867694,434375,900376,946216,989257,349173,673119,437142,509161,50245,152
17 ----5,24010,66431,59283,41388,01793,667100,130102,16741,36444,86848,18651,32754,30256,889-
170/4 ----5,24010,66431,59283,41388,01793,667100,130102,16741,36444,86848,18651,32754,30256,889-
42/48 402,170407,560354,740271,197186,436117,074150,66393,926365,886587,017264,482262,649164,785210,103125,03768,11088,207104,61445,152
42 ---5,2405,4245,1364,8634,6045,6496,4639,2856,0183,5043,3183,1412,9742,5872,895-
43 --4,816--4,0444,9784,71365,65469,06158,830--------
430/8 --4,816--4,0444,9784,71365,65469,06158,830--------
44 117,45592,77834,37376,32145,30519,25768,13065,861253,349316,260167,793209,60783,69782,69978,73728,33758,14272,39521,789
440/4 117,45592,77834,37376,32145,30519,25768,13065,861253,349316,260167,793209,60783,69782,69978,73728,33758,14272,39521,789
46 -8,1938,193----------------
45 30,31415,18741,62233,6704,850-13,91915,70530,38510,49323,85142,30326,52024,16541,09833,33525,77929,32423,363
450/3 30,31415,18719,66829,2741,953-11,49715,70528,4178,35023,85142,30320,59618,36411,30218,10410,32823,7408,960
454/9 --21,9554,3952,896-2,422-1,9682,143--5,9245,80129,79615,23115,4505,58414,403
47/48 254,401291,402265,736155,967130,85688,63758,7723,04210,849184,7414,7224,72251,06499,9222,0613,4631,699--
492/3 -9,87011,70117,7888,7153,13419,7351,6161,96413,75011,28912,12910,8402,377450----
Income statement
76A -2,782-----24,490-180179,2111,9034,691--6,232---
9900 37,1786,304118,49674,177-81,892-16,819112,55650,23571,56251,928-8,28375,119117,943200,190203,886201,322188,932111,06253,584
62 2,92882,964103,32330,59114,038206114,239-35,05227,635-6712,70259,933184,957202,461165,618127,05950,53633,041
630 3,7434,9107,2737,0405,55760016560212,6958,53815,27213,59316,66916,99613,47810,41912,8908,6845,965
631/4 20,000------------8,763-----
635/8 -------8,763------------
640/8 3,5342656446402876389,7929356271,0211,2723,3064,1553,7673,0521,6091,0927,1142,248
66A 2,541------6,598----------188
9901 4,432-81,8357,25735,906-101,774-18,263-2,87742,10023,18814,734-24,76045,51737,186-14,294-15,10523,67747,89144,72812,330
75/76B 18,3982255703,4433,5103,5769,22111902211124634376638181,164535
75 3362255703,4433,5103,5761511902211124634376638181,164535
76B 18,062------9,206-----------
65/66B 4,35616,6836,7436,0317,3851,8465,8885,6207,3038,4645,7923,3384,1834,0214,4445,1904,7691,112518
65 4,35616,6836,7436,0317,3851,8465,8885,6207,3038,4645,7923,3384,1834,0214,4445,1904,7691,112518
9903 18,474-98,29357129,875-105,716-16,598-5,18945,70116,0046,451148,68144,08337,807-17,851-19,11225,38243,94144,78112,158
780 --19----------------
67/77 --2,553----6,60015,7783,13115,571-7416,7578,223-2-2,44416,7557,07212,1325,452
9904 18,474-98,293-1,96329,875-105,716-16,5981,41029,92412,873-9,120148,75527,32629,584-17,849-16,6688,62636,86932,6497,535
789 -75-23,913---------------
9905 18,474-98,218-1,96353,789-105,716-16,5981,41029,92412,873-9,120148,75527,32629,584-17,849-16,6688,62636,86932,6497,535
Appropriation of the result
9906 -171,596-190,070-91,852-65,975-119,764-14,04847,55046,13916,216183,343192,46343,70816,382-13,202104,647133,152147,646110,77878,129
14P -190,070-91,852-89,889-119,764---------------
791/2 -------------100,000-----
691/2 ---23,913----------100,000----
6921 ---23,913----------100,000----
694/7 ------45,000--180,000---100,000-11,76423,121--
694 ------45,000--180,000---100,000-11,76423,121--
Social balance sheet
9087 -1.22.71.90.6-2.1-11-0.21.34.14.13321
Hours worked1013 -2,2693,3592,0521,117-3,534-1,6341,797-4712,0147,1427,1424,2714,2711,6341,756
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 5 older financial years (2001-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 18-08-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2024 full format 18-08-2025 2025-00381344 PDF
31-12-2023 full format 30-08-2024 2024-00450261 PDF
31-12-2022 full format 31-08-2023 2023-00386736 PDF
31-12-2021 full format 26-08-2022 2022-20321613 PDF
31-12-2020 full format 31-08-2021 2021-58100011 PDF
31-12-2019 full format 07-08-2020 2020-39600064 PDF
31-12-2018 full format 30-08-2019 2019-55300181 PDF
31-12-2017 full format 31-08-2018 2018-54800212 PDF
31-12-2016 full format 31-08-2017 2017-50800251 PDF
31-12-2015 full format 31-08-2016 2016-51100465 PDF
31-12-2014 full format 27-08-2015 2015-47500586 PDF
31-12-2013 full format 31-07-2014 2014-36800378 PDF
31-12-2012 full format 22-08-2013 2013-44100571 PDF
31-12-2011 full format 31-08-2012 2012-53100084 PDF
31-12-2010 full format 24-08-2011 2011-43500580 PDF
31-12-2009 full format 30-08-2010 2010-49400340 PDF
31-12-2008 full format 25-08-2009 2009-63000001 PDF
31-12-2007 full format 24-07-2008 2008-46100325 PDF
31-12-2006 full format 30-07-2007 2007-51100243 PDF
31-12-2005 full format 25-08-2006 2006-67300621 PDF
31-12-2004 full format 23-09-2005 2005-70301784 PDF
31-12-2003 full format 02-09-2004 2004-62601600 PDF
31-12-2002 full format 10-09-2003 2003-65700508 PDF
31-12-2001 full format 04-11-2002 2002-69804341 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2024202320222021202020192018201720162015201420132012201120102009200820072006
8,175-76,92514,53042,946-96,217-17,663-2,71242,70235,88323,272-9,48859,11153,8552,702-1,62734,09660,78153,41218,295
22,217-93,3835,31036,916-100,159-15,9991,57530,52525,568-582164,02740,91946,253-853-3,19019,04549,75841,33313,501
010,0313,730017,3554,4620-60,88916,50037,18112,01815,07017,94833,1669,4066,67212,61253,61311,220
-27,65515,003-21,42116,88626,1191,3371,179-16,71615,349-6,450-7,4015,859-27,708-31,162-21,534-1,463-1,97931,039-
-142,000-154,047-48,577-45,495-86,24431,06489,053166,17979,71781,001302,765144,78348,5756,796142,205157,564159,930149,083104,425
-50.9%-58.4%-17.9%-23.3%-73.0%13.9%15.8%31.3%10.1%5.3%37.7%17.3%19.2%7.9%44.6%56.7%52.9%47.5%71.5%
0.650.620.860.830.541.271.592.771.221.142.141.551.291.032.143.312.812.433.31
-----6.185.352.208.8618.001.654.784.2011.681.240.760.891.110.40
------78.4%3.7%36.8%25.0%-23.6%65.3%34.6%57.3%-81.0%-11.9%5.5%23.1%22.4%6.6%
6.9%-37.3%-0.6%12.7%-91.3%-10.9%0.6%11.5%2.5%-1.2%24.6%6.0%11.0%-6.4%-5.3%3.1%12.2%10.6%4.8%
1.88-4.612.157.12---------------

EBIT margin: not included in this filing.

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202331-12-202231-12-2021
Employees at the balance-sheet date-23
full-time-23
in full-time equivalents-23
1.22.71.9
On a permanent contract-21
Joined232
Left241
Training hours-9881,649

Source: social balance sheet in the 2021 to 2023 annual accounts

Investments

fixed assets acquired
Item2024202320222021
Tangible fixed assets-€1,356--
Intangible fixed assets-€7,635€3,730-
Financial fixed assets-€1,040--
€3,743€4,910€7,273€7,040

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Insights on Maastery

The operating result for 2024 is a profit of €4,432, after a loss of €81,835 in 2023.

Equity is negative. Debt (€402,170) exceeds the balance-sheet total (€266,625).

Board & ownership

Board

1 director, last change in 2020
ROUSSEAUX Olivier Marie François Véronique
Director
since 05-02-2020 term without a fixed end
listed in the 2024 annual accounts, filed on 18-08-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 11. Pouvoirs de l'organe d'administration - Représentation de la société §1 Pouvoirs Les administrateurs peuvent accomplir tous…”
deed of 18-02-2020

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
ROUSSEAUX Olivier Marie François Véronique
Director
TAILOR MADE SOLUTIONS
Director
BoardEarliermandate already running before its first mention
Mandates as a list
  • ROUSSEAUX Olivier Marie François Véronique
    • Director, from 05-02-2020 to date
  • TAILOR MADE SOLUTIONS
    • Director, until 05-02-2020

See the board, name and registered office on a given date →

Control

Consolidating parent
Virtuology International
Equity €3.9m
Loss €167,714 in 2025 (loss €633,664 in 2024)
Checked score 78
Source: parent in own accounts 2022
consolidates
This company
Maastery
Equity -€135,751
Profit €18,474 in 2024

Capital

Contribution
€9,312
Source
2024 annual accounts

Owners through the years

as the annual accounts name them
VIRTUOLOGY INTERNATIONAL
99.9%75%
75%
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 18-02-2020 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Monday of May at 10:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Tous pouvoirs article 2:87 Code des sociétés et des associations,sans autorisation spéciale, assemblée générale peut limiter à tout moment à…”

Network & group

Holdings

own 2013 accounts, the bar shows equity in euros
This companyMaastery3 holdings, 2 countries 2013 accounts

Belgium 2 Year Equity Result

  • BE Smartelia66.67% 2025€27,577 result €52,824 (2025)
  • BE Startuuup66.67%no longer active 2025-€31,306 result -€10,844 (2025)

Africa 1 Year Equity Result

  • MG Smartelia Sàrl75% 2013€8,010 result €6,835 (2013)

Source: list of holdings in its own 2013 accounts. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.

Parent

Virtuology International
0466.644.333 · equity €3.9m · loss €167,714 (2025)
Checked score 78

At the same address

George Bergmannlaan 70, 1050 Ixelles · 4 other companies
Florence le Maire Gestion
registered office since 13-12-2021 · founded in 2021
 total assets €119,760 (2025)
0778.565.649
ORX
registered office since 31-03-2011 · founded in 2011
 total assets €118,161 (2025)
0835.420.121
Housiaux, Charlotte (sole trader)
establishment since 01-10-2024
 founded in 2024
1013.897.250
Association des copropriétaires de la Résidence HARLEMBERG sise à Ixelles, avenue George Bergmann 70
registered office since 20-10-2011
 founded in 2011
0840.464.418

Earlier ties

BLUE 2 PURPLE
via TAILOR MADE SOLUTIONS, at Maastery until 2020 · Director · deed of 27-09-2023
founded in 2008 · group VIRTUOLOGY INTERNATIONAL
 4.3 FTE (2025)
AFFILIO
via TAILOR MADE SOLUTIONS, at Maastery until 2020 · Director · deed of 22-10-2018
No longer active
 total assets €524 (2023)

Holdings through the years

2012 to 2013
Holdings through the years
Name20122013
Smartelia SàrlMG 75%
SMARTELIA 66.67%
VIRTUOLOGY ACADEMY 66.67%

Source: list of holdings in its own accounts

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

39 events since 2001
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0474071959
2025
Annual accounts 2024 filed PDFfull format · 18 days late
2024
Back to profit net €18,474 The net result is €18,474, after 2 loss-making years.
Annual accounts 2023 filed PDFfull format · 30 days late
2023
Registered office moved to BrusselsNew registered office: Avenue George Bermann 70 1050 Bruxelles · Board meeting of 15-05-20232 points ▸
  • Board meeting, 15-05-2023
  • Registered-office move, Avenue George Bermann 70 1050 Bruxelles
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFfull format · 31 days late
2022
Annual accounts 2021 filed PDFfull format · 26 days late
2021
Back to profit net €29,875 The net result is €29,875, after 2 loss-making years.
Annual accounts 2020 filed PDFfull format · 31 days late
2020
Weakest financial year net -€105,716 The net result drops to -€105,716, the lowest from 2006 to 2024. It recovers the following year.
Annual accounts 2019 filed PDFfull format · 7 days late
Company renamed from Telio to MaasteryResignation: Tailor Made Solutions (director) · Appointment: ROUSSEAUX Olivier Marie François Véronique (director) · “article 3 du nouveau texte des statuts” (deed in French) · General meeting of 05-02-20205 points ▸

Open the deed in the Belgian Official Gazette

2019
Annual accounts 2018 filed PDFfull format · 30 days late
2018
New managerTailor Made Solutions SPRL appointed, Pierre Losson resigned · Permanent representative: Cédric Donck · General meeting of 01-07-20185 points ▸
  • General meeting, 01-07-2018
  • Director resignation, Pierre Losson (manager)
  • Director appointment, Tailor Made Solutions SPRL (manager)
  • Permanent representative, Cédric Donck
  • Registered office clause, Avenue Louise 523-5è étage, 1050 BRUXELLES

Open the deed in the Belgian Official Gazette

Annual accounts 2017 filed PDFfull format · 31 days late
2017
Liquidity more than doubled current ratio 2.77 The current ratio rises from 1.22 to 2.77. Short-term debt falls from €365,886 to €93,926.
Annual accounts 2016 filed PDFfull format · 31 days late
2016
Back to profit net €12,873 The net result is €12,873, after one loss-making year.
Annual accounts 2015 filed PDFfull format · 31 days late
2015
Annual accounts 2014 filed PDFfull format · 27 days late
2014
Highest result from 2006 to 2024 net €148,755 ▲444% The net result of €148,755 is the highest of those years.
Equity above €200,000 equity €227,689 ▲188% After 3 profitable years in a row, equity reaches €227,689.
Annual accounts 2013 filed PDFfull format · on the deadline day
2013
Annual accounts 2012 filed PDFfull format · 22 days late
2012
Back to profit net €29,584 The net result is €29,584, after 2 loss-making years.
Annual accounts 2011 filed PDFfull format · 31 days late
2011
Annual accounts 2010 filed PDFfull format · 24 days late
2010
Annual accounts 2009 filed PDFfull format · 30 days late
2009
Annual accounts 2008 filed PDFfull format · 25 days late
2008
Equity above €150,000 equity €159,751 ▲9.4% With a profit in every financial year since 2006, equity grows to €159,751.
Annual accounts 2007 filed PDFfull format · 7 days before the deadline
2007
Annual accounts 2006 filed PDFfull format · 1 day before the deadline
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
First establishment George Bergmannlaan 70, Ixelles
Incorporation published on 22-02-2001

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 12 February 2001, Maastery was incorporated.1 Since 2020 the company has been called Maastery.2 In 2023 the registered office moved to Brussels.3 Total assets went from €239,766 in 2018 to €266,625 in 2024 and headcount from 2.1 full-time equivalents in 2018 to 1.2 in 2023.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 18-02-2020
  3. 3Belgian Official Gazette, 31-08-2023
  4. 4National Bank, annual accounts 2018, 2023 and 2024

Company details

Identity

Enterprise number
0474.071.959
VAT number
BE 0474.071.959
Peppol ID
0208:0474071959
Other Peppol ID
9925:BE0474071959
Legal form
Private limited company
Status
Active, normal situation
Founded
12-02-2001
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Monday of May at 10:00
deed of 18-02-2020 (in French)
Peppol
Reachable since 01-02-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Maastery in French
Former name
Telio until the deed of 18-02-2020
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 18-02-2020 (in French)

Activities

NACEBEL 2025
62200 Computer consultancy and computer facilities management main activity
62100 Computer programming
63100 Computing infrastructure, data processing, hosting and related activities
Joint committees annual accounts 2024
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
62020 IT consultancy main activity
62010 Computer programming, consultancy and related activities
63110 Computing infrastructure, data processing, hosting and other information service activities
Codes under NACEBEL 2003
72100 main activity
72220
72300
72400
PurposeThe purpose describes the activities the company may carry out under its articles.
“La société a pour objet,tant en Belgique qu'à l'étranger,le développement d'applications informatique,ainsi que le…”
5 activities
  1. La société a pour objet,tant en Belgique qu'à l'étranger,le développement d'applications informatique,ainsi que le management,l'assistance,le consulting,l'audit,en matière de marketing,de communication et de développement informatique.
  2. Elle peut faire toutes opérations commerciales,industrielles et financières,immobilières et mobilières,se rapportant directement ou indirectement à son objet ou susceptibles de favoriser son développement,à l'exception des opérations sur valeurs mobilières et immobilières réservées par la loi aux banques et aux sociétés de bourse.
  3. La société pourra exercer tous mandats relatifs à l'administration,à la gestion,à la direction,au contrôle et à la liquidation de toutes sociétés ou entreprises.
  4. La société peut,par voie d'apport en espèces ou en nature,de fusion,de souscription,de participation,d'intervention financière ou autrement,prendre des participations dans d'autres sociétés ou entreprises existantes ou à créer,que ce soit en Belgique ou à l'étranger,dont l'objet serait semblable ou analogue au sien ou de nature à favoriser son objet.
  5. Elle peut également consentir tous prêts ou garantir tous prêts consentis par des tiers,étant entendu que la société n'effectuera aucune activité dont l'exercice serait soumis à des dispositions légales ou réglementaires applicables aux établissements de crédits et/ou financiers.
deed of 18-02-2020 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
George Bergmannlaan 70 registered office 1050 Ixelles 4740011 Retail sale of information and communication equipment 13-06-2001 2.098.145.632

Buildings and parcels at the address

Ground area
349 m²
Buildings
126 m²
Volume, LiDAR
1,998 m³
Tallest building
19.4 m
Buildings to scale, each on its own parcel
126 m², 19.4 m 126 m², 19.4 m

Location

registered office establishment The establishment unit on the map
5 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21446D0030/00X010349 m² 1 · 126 m² 19.4 m · 6

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