MAESTER PM
ActiveSummary
MAESTER PM has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122,188 and a net result of €53,063. Equity is growing by ~68.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+3
Solvency55▲+12
Growth78=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 0.82 in 2024; short-term debt: 19.1% and cash: 16.9% of total assets), and 69.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.1%
Return on assets
13.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
3 d early
2024
on the day
2023
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€122,188▲ 76.8%
2024 · €69,125
Total assets
€405,943▲ 6.2%
2024 · €382,326
Net result
€53,063▲ 27.5%
2024 · €41,609
Working capital
€5,821
2024 · -€12,797
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
Line202320242025
Operating result€47,151-€39,441▼ 16.4%€35,463▼ 10.1%
Net result€25,516-€41,609▲ 63.1%€53,063▲ 27.5%
Equity€27,516-€69,125▲ 151%€122,188▲ 76.8%
Total assets€358,787-€382,326▲ 6.6%€405,943▲ 6.2%
Debt€331,271-€313,201▼ 5.5%€283,755▼ 9.4%
Working capital-€20,946--€12,797▲ 38.9%€5,821
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €405,943
Fixed assets
€322,664 ▼ 0.1%
Current assets
€83,279 ▲ 40.6%
Equity and liabilities €405,943
Equity
€122,188 ▲ 76.8%
Debt
€283,755 ▼ 9.4%
Debt's share of the balance-sheet total falls from 81.9% to 69.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,889▼
2024 · €39,630
Cash flow
€53,490▲
2024 · €41,798
Current ratio
1.08▲
2024 · 0.82
Debt to equity
2.32▼
2024 · 4.53
ROE
43.4%▼
2024 · 60.2%
ROA
13.1%▲
2024 · 10.9%
Interest coverage
3.68▼
2024 · 3.69
Debt ≤ 1 year
€77,458▲
2024 · €72,032
Debt > 1 year
€201,653▼
2024 · €237,368
Income taxes
€14,916▲
2024 · €12,160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63 | €189 | €426 | ▲ 126% |
| Other operating charges640/8 | - | €118 | €120 | ▲ 1.7% |
| Non-recurring operating charges66A | - | €1,288 | €213 | ▼ 83.5% |
| Gross operating margin9900 | €47,214 | €41,036 | €36,222 | ▼ 11.7% |
| Operating profit (loss)9901 | €47,151 | €39,441 | €35,463 | ▼ 10.1% |
| Financial income75/76B | - | €25,073 | €42,264 | ▲ 68.6% |
| Recurring financial income75 | - | €25,073 | €35,000 | ▲ 39.6% |
| Non-recurring financial income76B | - | - | €7,264 | - |
| Financial charges65/66B | €9,372 | €10,745 | €9,747 | ▼ 9.3% |
| Recurring financial charges65 | €9,372 | €10,745 | €9,747 | ▼ 9.3% |
| Profit (loss) for the period before taxes9903 | €37,780 | €53,769 | €67,980 | ▲ 26.4% |
| Income taxes67/77 | €12,264 | €12,160 | €14,916 | ▲ 22.7% |
| Profit (loss) for the period9904 | €25,516 | €41,609 | €53,063 | ▲ 27.5% |
| Profit (loss) for the period to be appropriated9905 | €25,516 | €41,609 | €53,063 | ▲ 27.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €358,787 | €382,326 | €405,943 | ▲ 6.2% |
| Fixed assets21/28 | €323,160 | €323,091 | €322,664 | ▼ 0.1% |
| Tangible fixed assets22/27 | €1,160 | €1,091 | €664 | ▼ 39.1% |
| Furniture and vehicles24 | €1,160 | €1,091 | €664 | ▼ 39.1% |
| Financial fixed assets28 | €322,000 | €322,000 | €322,000 | = |
| Current assets29/58 | €35,627 | €59,235 | €83,279 | ▲ 40.6% |
| Amounts receivable within one year40/41 | €12,100 | - | €13,310 | - |
| Trade receivables40 | €12,100 | - | €13,310 | - |
| Current investments50/53 | €22,923 | €58,988 | - | - |
| Cash at bank and in hand54/58 | - | - | €68,602 | - |
| Deferred charges and accrued income490/1 | €604 | €247 | €1,367 | ▲ 455% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €358,787 | €382,326 | €405,943 | ▲ 6.2% |
| Equity10/15 | €27,516 | €69,125 | €122,188 | ▲ 76.8% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €25,516 | €67,125 | €120,188 | ▲ 79.1% |
| Distributable reserves133 | €25,516 | €67,125 | €120,188 | ▲ 79.1% |
| Amounts payable17/49 | €331,271 | €313,201 | €283,755 | ▼ 9.4% |
| Amounts payable after more than one year17 | €271,802 | €237,368 | €201,653 | ▼ 15.0% |
| Financial debts170/4 | €271,802 | €237,368 | €201,653 | ▼ 15.0% |
| Amounts payable within one year42/48 | €56,572 | €72,032 | €77,458 | ▲ 7.5% |
| Current portion of amounts payable after more than one year42 | €33,198 | €34,434 | €35,715 | ▲ 3.7% |
| Trade debts44 | €2,737 | €4,485 | €4,905 | ▲ 9.4% |
| Suppliers440/4 | €2,737 | €4,485 | €4,905 | ▲ 9.4% |
| Taxes, remuneration and social security45 | €20,637 | €32,908 | €36,432 | ▲ 10.7% |
| Taxes450/3 | €20,637 | €32,908 | €36,432 | ▲ 10.7% |
| Other amounts payable47/48 | - | €206 | €406 | ▲ 97.3% |
| Accrued charges and deferred income492/3 | €2,897 | €3,800 | €4,644 | ▲ 22.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,516 | €41,609 | €53,063 | ▲ 27.5% |
| + Depreciation and write-downs630 | €63 | €189 | €426 | ▲ 126% |
| Operating cash flow (approximation) | €25,578 | €41,798 | €53,490 | ▲ 28.0% |
| Investment in fixed assets (approximation) | - | -€120 | €0 | ▲ 100% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €53,063 ▲27.5%
Net result €53,063, the highest in the series.
31-12
Financial
Equity above €100,000Eq €122,188 ▲76.8%
3 profitable years in a row build equity to €122,188.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Herentals · 1 establishment unit since 2023
Ground area
1.0 ha
Building footprint
593 m²
Volume, LiDAR
1,391 m³
2 parcels, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Bovenrij(HRT) 48, 2200 Herentals
since 20232.340.615.641
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302G0444/00A000 | Flanders | 1.0 ha | 1 · 465 m² | - |
| 13302G0418/00V000 | Flanders | 156 m² | 1 · 128 m² | 14.9 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,504. 2,326 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
Founded11-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
73110Advertising agencies
73300Public relations and communication consultancy
85510Sports and recreation education
85599Other education
93199Other sports activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0797024650
Also
9925:BE0797024650
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.