MasPro
ActiveSummary
MasPro has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146,209 and a net result of €23,165. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-9
Solvency43▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.88 against 2.43 in 2024; short-term debt: 12.5% and cash: 1.3% of total assets), but 82.1% of the assets are financed with debt.
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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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
17.9%
Return on assets
2.8%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 28051 sector peers (2025).
NBB · sector comparisonPosition among 28051 sector peers
Solvency
better than 20%
← weakest
strongest →
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
58 d early
2023
57 d early
2022
55 d early
2021
52 d early
2020
53 d early
2019
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 55 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€146,209▼ 10.6%
2024 · €163,510
Total assets
€817,937▲ 6.6%
2024 · €767,137
Net result
€23,165▼ 64.2%
2024 · €64,682
Working capital
€89,451▼ 17.0%
2024 · €107,746
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
Line20212022202320242025
Operating result€31,833▲ 4.1%€25,052▼ 21.3%€36,409▲ 45.3%€89,112▲ 145%€47,237▼ 47.0%
Net result€21,556▲ 19.1%€10,622▼ 50.7%€19,983▲ 88.1%€64,682▲ 224%€23,165▼ 64.2%
Equity€68,223▲ 46.2%€78,845▲ 15.6%€98,828▲ 25.3%€163,510▲ 65.4%€146,209▼ 10.6%
Total assets€747,516▲ 15.3%€689,777▼ 7.7%€737,013▲ 6.8%€767,137▲ 4.1%€817,937▲ 6.6%
Debt€679,293▲ 12.9%€610,932▼ 10.1%€638,185▲ 4.5%€603,627▼ 5.4%€671,728▲ 11.3%
Working capital€71,868▲ 227%€39,124▼ 45.6%€47,200▲ 20.6%€107,746▲ 128%€89,451▼ 17.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €817,937
Fixed assets
€626,411 ▲ 7.3%
Current assets
€191,526 ▲ 4.6%
Equity and liabilities €817,937
Equity
€146,209 ▼ 10.6%
Debt
€671,728 ▲ 11.3%
Debt's share of the balance-sheet total rises from 78.7% to 82.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€112,354▼
2024 · €143,198
Cash flow
€88,282▼
2024 · €118,768
Current ratio
1.88▼
2024 · 2.43
Quick ratio
0.51▼
2024 · 1.29
Debt to equity
4.59▲
2024 · 3.69
ROE
15.8%▼
2024 · 39.6%
ROA
2.8%▼
2024 · 8.4%
Interest coverage
5.76▼
2024 · 7.51
Debt ≤ 1 year
€102,075▲
2024 · €75,391
Debt > 1 year
€569,518▲
2024 · €528,022
Income taxes
€8,011▼
2024 · €8,527
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10,558 | €250 | €12,606 | ▲ 4,942% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,071 | €49,568 | €49,890 | €54,086 | €65,117 | ▲ 20.4% |
| Other operating charges640/8 | €68 | €122 | €206 | €151 | €95 | ▼ 37.6% |
| Gross operating margin9900 | €75,973 | €74,742 | €86,505 | €143,349 | €112,449 | ▼ 21.6% |
| Operating profit (loss)9901 | €31,833 | €25,052 | €36,409 | €89,112 | €47,237 | ▼ 47.0% |
| Financial income75/76B | €5,327 | €1,981 | €929 | €3,177 | €3,442 | ▲ 8.3% |
| Recurring financial income75 | €5,327 | €1,981 | €929 | €3,177 | €3,442 | ▲ 8.3% |
| Financial charges65/66B | €13,449 | €15,349 | €15,357 | €19,080 | €19,503 | ▲ 2.2% |
| Recurring financial charges65 | €13,449 | €15,349 | €15,357 | €19,080 | €19,503 | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | €23,712 | €11,684 | €21,982 | €73,209 | €31,176 | ▼ 57.4% |
| Income taxes67/77 | €2,156 | €1,062 | €1,998 | €8,527 | €8,011 | ▼ 6.1% |
| Profit (loss) for the period9904 | €21,556 | €10,622 | €19,983 | €64,682 | €23,165 | ▼ 64.2% |
| Profit (loss) for the period to be appropriated9905 | €21,556 | €10,622 | €19,983 | €64,682 | €23,165 | ▼ 64.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €747,516 | €689,777 | €737,013 | €767,137 | €817,937 | ▲ 6.6% |
| Fixed assets21/28 | €633,652 | €594,404 | €632,450 | €584,000 | €626,411 | ▲ 7.3% |
| Tangible fixed assets22/27 | €633,652 | €594,404 | €632,450 | €584,000 | €626,411 | ▲ 7.3% |
| Land and buildings22 | €527,637 | €505,114 | €476,124 | €442,732 | €409,339 | ▼ 7.5% |
| Plant, machinery and equipment23 | €100,615 | €85,266 | €149,264 | €135,981 | €185,591 | ▲ 36.5% |
| Furniture and vehicles24 | €5,400 | €4,024 | €7,062 | €5,287 | €31,481 | ▲ 495% |
| Current assets29/58 | €113,865 | €95,373 | €104,563 | €183,138 | €191,526 | ▲ 4.6% |
| Stocks and contracts in progress3 | €45,014 | €79,059 | €74,768 | €85,911 | €139,270 | ▲ 62.1% |
| Stocks30/36 | €45,014 | €79,059 | €74,768 | €85,911 | €139,270 | ▲ 62.1% |
| Amounts receivable within one year40/41 | €18,280 | €8,012 | €13,282 | €75,986 | €40,451 | ▼ 46.8% |
| Trade receivables40 | €9,607 | €5,965 | €13,261 | €75,965 | €40,451 | ▼ 46.7% |
| Other amounts receivable41 | €8,673 | €2,048 | €21 | €21 | - | - |
| Cash at bank and in hand54/58 | €32,066 | €7,016 | €11,469 | €20,133 | €10,232 | ▼ 49.2% |
| Deferred charges and accrued income490/1 | €18,506 | €1,286 | €5,044 | €1,108 | €1,572 | ▲ 41.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €747,516 | €689,777 | €737,013 | €767,137 | €817,937 | ▲ 6.6% |
| Equity10/15 | €68,223 | €78,845 | €98,828 | €163,510 | €146,209 | ▼ 10.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €62,023 | €72,645 | €92,628 | €157,310 | €140,009 | ▼ 11.0% |
| Distributable reserves133 | €62,023 | €72,645 | €92,628 | €157,310 | €140,009 | ▼ 11.0% |
| Amounts payable17/49 | €679,293 | €610,932 | €638,185 | €603,627 | €671,728 | ▲ 11.3% |
| Amounts payable after more than one year17 | €612,192 | €554,500 | €580,323 | €528,022 | €569,518 | ▲ 7.9% |
| Financial debts170/4 | €612,192 | €554,500 | €580,323 | €528,022 | €569,518 | ▲ 7.9% |
| Amounts payable within one year42/48 | €41,997 | €56,250 | €57,363 | €75,391 | €102,075 | ▲ 35.4% |
| Current portion of amounts payable after more than one year42 | €33,202 | €39,070 | €42,223 | €43,201 | €48,746 | ▲ 12.8% |
| Trade debts44 | €5,611 | €15,760 | €6,021 | €15,546 | €6,642 | ▼ 57.3% |
| Suppliers440/4 | €5,611 | €15,760 | €6,021 | €15,546 | €6,642 | ▼ 57.3% |
| Taxes, remuneration and social security45 | €2,156 | €1,306 | €6,719 | €13,503 | €5,764 | ▼ 57.3% |
| Taxes450/3 | €2,156 | €1,306 | €6,719 | €13,503 | €5,764 | ▼ 57.3% |
| Other amounts payable47/48 | €1,029 | €113 | €2,400 | €3,142 | €40,924 | ▲ 1,203% |
| Accrued charges and deferred income492/3 | €25,104 | €183 | €499 | €214 | €135 | ▼ 37.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,556 | €10,622 | €19,983 | €64,682 | €23,165 | ▼ 64.2% |
| + Depreciation and write-downs630 | €44,071 | €49,568 | €49,890 | €54,086 | €65,117 | ▲ 20.4% |
| Operating cash flow (approximation) | €65,627 | €60,189 | €69,874 | €118,768 | €88,282 | ▼ 25.7% |
| Investment in fixed assets (approximation) | - | -€10,320 | -€87,936 | -€5,636 | -€107,529 | ▼ 1,808% |
| Change in cash | - | -€25,050 | €4,454 | €8,664 | -€9,901 | ▼ 214% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €64,682 ▲224%
Operating result €89,112, net result €64,682, both a record.
31-12
Financial
Equity above €150,000Eq €163,510 ▲65.4%
7 profitable years in a row build equity to €163,510.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Beerse · 1 establishment unit since 2015
Ground area
880 m²
Building footprint
487 m²
Volume, LiDAR
40 m³
Parcel 13004D0330/00F000, Flanders · tallest building 11.4 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MasPro
since 20152.241.507.672
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004D0330/00F000 | Flanders | 880 m² | 1 · 487 m² | 11.4 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 255 EUR awarded · 255 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 255 EUR | 255 EUR |
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Of 20,028 companies in sector 43320 we hold annual accounts for 9,135. 7,641 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
Founded30-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.