MAJSTER
ActiveMAJSTER has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €71k and a net result of €1k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 57% of 9981 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability40▼-19
Solvency74▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.31 in 2023; short-term debt: 49.2% of total assets), but 51.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
48.6%
Return on assets
0.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
30 d late
2022
81 d late
2021
61 d late
2020
60 d late
2019
67 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€71k▲ 1.7%
2023 · €69k
2018: €37k
2019: €46k
2020: €43k
2021: €42k
2022: €64k
2023: €69k
2018 → 2024
Total assets
€145k▲ 15.7%
2023 · €125k
2018: €198k
2019: €185k
2020: €226k
2021: €256k
2022: €261k
2023: €125k
2018 → 2024
Net result
€1k▼ 78.0%
2023 · €5k
2018: €689
2019: €9k
2020: €-3k
2021: €-631
2022: €22k
2023: €5k
2018 → 2024
Working capital
€67k▲ 4.3%
2023 · €64k
2018: €34k
2019: €45k
2020: €41k
2021: €36k
2022: €58k
2023: €64k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€43k-€42k▼ 1.5%€64k▲ 52.6%€69k▲ 8.3%€71k▲ 1.7%
Operating result€-2k-€4k€31k▲ 609%€12k▼ 61.2%€7k▼ 40.8%
Net result€-3k-€-631▲ 80.9%€22k€5k▼ 76.0%€1k▼ 78.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 41% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €145k
Fixed assets
€7k▼ 45.1%
Current assets
€138k▲ 22.2%
Equity and liabilities €145k
Equity
€71k▲ 1.7%
Debt
€74k▲ 33.0%
The debt ratio rises from 44.7% to 51.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▼
2023 · €18k
Cash flow
€7k▼
2023 · €11k
Solvency
48.6%▼
2023 · 55.3%
Current ratio
1.94▼
2023 · 2.31
Quick ratio
1.94▼
2023 · 2.31
Debt / equity
1.06▲
2023 · 0.81
ROE
1.6%▼
2023 · 7.6%
ROA
0.8%▼
2023 · 4.2%
Interest coverage
2.39▼
2023 · 4.17
Debt
€74k▲
2023 · €56k
Debt ≤ 1 year
€71k▲
2023 · €49k
Debt > 1 year
€3k▼
2023 · €7k
Income taxes
€646▼
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€125k€145k▲
Fixed assets21/28€12k€7k▼
Tangible fixed assets22/27€11k€6k▼
Plant, machinery and equipment23€2k€937▼
Furniture and vehicles24€565€386▼
Leasing and similar rights25€9k€5k▼
Financial fixed assets28€722€722=
Current assets29/58€113k€138k▲
Amounts receivable within one year40/41€113k€138k▲
Trade receivables40€63k€36k▼
Other amounts receivable41€50k€102k▲
Equity and liabilities
Total equity and liabilities10/49€125k€145k▲
Equity10/15€69k€71k▲
Contributions10/11€19k€19k=
Reserves13€51k€52k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€49k€50k▲
Amounts payable17/49€56k€74k▲
Amounts payable after more than one year17€7k€3k▼
Financial debts170/4€7k€3k▼
Amounts payable within one year42/48€49k€71k▲
Current portion of amounts payable after more than one year42€5k€4k▼
Financial debts43€28k€29k▲
Credit institutions430/8€28k€29k▲
Trade debts44€2k€8k▲
Suppliers440/4€2k€8k▲
Taxes, remuneration and social security45€15k€5k▼
Taxes450/3€15k€5k▼
Other amounts payable47/48-€24k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Other operating charges640/8€821€1k▲
Gross operating margin9900€18k€14k▼
Operating profit (loss)9901€12k€7k▼
Financial income75/76B€151€42▼
Recurring financial income75€151€42▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€8k€2k▼
Income taxes67/77€2k€646▼
Profit (loss) for the period9904€5k€1k▼
Profit (loss) for the period to be appropriated9905€5k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€1k▼
Profit (loss) brought forward from the previous period14P€44k-
Transfer to equity691/2€49k€1k▼
To other reserves6921€49k€1k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 81 days late
2022
31-12
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Weakest financial yearnet €-3k ▼138%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
01-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 62 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Herzele · 1 establishment unit since 2004
Cannot 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.
Arestraat 889550 HerzeleGround area
501 m²
Building footprint
61 m²
Volume, LiDAR
416 m³
Parcel 41027B1087/00L003, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAJSTER
since 20042.139.652.427
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41027B1087/00L003 | Flanders | 501 m² | 1 · 61 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GAL projects
BE 0801.726.675
Hasselt · Eq €70k
ADB - Construct
BE 0802.637.188
Ronse · Eq €71k
BOLLAERS PATRICK
BE 0548.827.285
Tongeren-Borgloon · Eq €71k
RSRF
BE 0743.778.974
Grimbergen · Eq €70k
STORE CONSTRUCT
BE 0787.825.387
Grimbergen · Eq €71k
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 13,237 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-07-2004
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.