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MAST

Active
Private limited companyfounded 1999active for 27 yearsZuidkaai 22, 8870 Izegem, BelgiumKBO/BCE: BE 0465.866.650
Summary

The computed 12-month bankruptcy probability of MAST is 7.6% (elevated). For MAST, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €296,558 and a net result of -€25,415. Equity remains stable across the filed financial years (±0.4% per year). Its solvency ranks better than 95% of 17,661 sector peers (NACE 56, financial year 2023). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.

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MASTActive
Risk analysis ReportCompare

Overview

Activity
Cafés and bars
NACE 56301Nightclubs NACE 56302
1 site
Size
€328,420total assets 2023
Staff
12.9 FTE
Equity
€296,558
Loss
-€25,415
Turnover not published (abbreviated or micro format)
Financial health
Bankruptcy probabilitywithin 12 months
7.6%
2023 figures too old to score
Structure
Accounts 442 days overdue1 of 6 deeds read
Signalsraises riskFigures for financial year 2023 (filed 22-10-2024)2 financial years not filed after the legal deadline; latest accounts 82 days late; 2 of the last 3 lateSize: total assets €328,420Two or more financial years not filedlowers riskEquity €296,558 (90.3% of total assets)neutralFiled after the deadlineShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Strong
Solvency 100=
equity 90.3% of total assets
Liquidity 56-5
short-term debt 8.0% · cash 5.1%
Profitability 59-22
return on assets -7.7%
Bankruptcy probability, 12 months
7.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,728 companies, NACE 56, micro)
Last 24 months 11-2024: 1.6% 12-2024: 1.6%● unchanged vs 11-2024 01-2025: 1.6%● unchanged vs 12-2024 02-2025: 1.6%● unchanged vs 01-2025 03-2025: 1.6%● unchanged vs 02-2025 04-2025: 1.6%● unchanged vs 03-2025 05-2025: 1.5%▼ -0.1 percentage points vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025lowest value 07-2025: 1.6%▲ +0.1 percentage points vs 06-2025 08-2025: 1.9%▲ +0.3 percentage points vs 07-2025 09-2025: 2.0%▲ +0.1 percentage points vs 08-2025 10-2025: 2.5%▲ +0.5 percentage points vs 09-2025 11-2025: 2.6%▲ +0.1 percentage points vs 10-2025 12-2025: 3.1%▲ +0.5 percentage points vs 11-2025 01-2026: 6.1%▲ +3.0 percentage points vs 12-2025 02-2026: 6.1%● unchanged vs 01-2026 03-2026: 6.2%▲ +0.1 percentage points vs 02-2026 04-2026: 5.7%▼ -0.5 percentage points vs 03-2026 05-2026: 5.7%● unchanged vs 04-2026 06-2026: 5.7%● unchanged vs 05-2026 07-2026: 5.7%● unchanged vs 06-2026 08-2026: 7.6%▲ +1.9 percentage points vs 07-2026highest value 09-2026: 7.6%● unchanged vs 08-2026highest value 10-2026: 7.6%● unchanged vs 09-2026highest value
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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2023 (filed 22-10-2024)
NBB · annual accounts
raises risk · 2 financial years not filed after the legal deadline; latest accounts 82 days late; 2 of the last 3 late
NBB · filings
raises risk · Size: total assets €328,420
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €296,558 (90.3% of total assets)
NBB · annual accounts
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2024 year end31-07-2025 deadline16-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 21-10-2024, 82 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
not filed
2023
82 days late
2022
70 days late
2021
30 days late
2020
145 days late
2019
121 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 90 days after the deadline; the sector median (NACE 56) for financial year 2024 is 6 days after the deadline, and 53% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2023 · micro…
  2. Resignation: Seys Marc (manager)Appointment: Seys Marc (director) ·…
  3. Annual accounts filedfinancial year 2022 · micro…

Key points

  • Risk: Accounts not fileddeadline was 31-07-2025 442 days late View
  • Caution: From profit to loss in 2023after €34,769 in 2022 -€25,415 View
  • Caution: Among the weakest 12% on net resultsector median €3,656 · 17,628 companies -€25,415 View

By topic

Financials

Financial year
2023
Total assets
€328,420
Loss
-€25,415
Solvency
90.3%
Total assets▼ 6.5%
Net result
20182023
Go to Financials

Timeline

Events
27
Since
2001
  1. 30-08-2022Annual accounts filed
  2. 31-12-2021Back to profit
  3. 23-12-2021Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Cafés and barsNACE 56301
Founded
13-04-1999
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

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