MAST
ActiveSummary
MAST has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €248k and a net result of €16k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 95% of 5894 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-10
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 11.62 against 6.98 in 2023; short-term debt: 7.2% and cash: 31.8% of total assets), and 8.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 81
Relative position
BE, all sectors
reference
Sector 81
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
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 13-07-2025, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
18 d early
2023
46 d early
2022
46 d early
2021
30 d early
2020
44 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€248k▲ 2.5%
2023 · €242k
2018: €108k
2019: €128k
2020: €157k
2021: €186k
2022: €211k
2023: €242k
2018 → 2024
Total assets
€271k▼ 1.4%
2023 · €275k
2018: €124k
2019: €151k
2020: €177k
2021: €209k
2022: €244k
2023: €275k
2018 → 2024
Net result
€16k▼ 57.0%
2023 · €37k
2018: €14k
2019: €30k
2020: €33k
2021: €37k
2022: €37k
2023: €37k
2018 → 2024
Working capital
€206k▲ 10.6%
2023 · €186k
2018: €107k
2019: €106k
2020: €136k
2021: €164k
2022: €190k
2023: €186k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€157k-€186k▲ 18.6%€211k▲ 13.6%€242k▲ 14.3%€248k▲ 2.5%
Operating result€43k-€47k▲ 9.9%€53k▲ 11.0%€54k▲ 2.5%€20k▼ 62.6%
Net result€33k-€37k▲ 12.4%€37k▲ 2.0%€37k▼ 0.2%€16k▼ 57.0%
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 2024; 2024 is 63% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €271k
Fixed assets
€46k ▼ 20.7%
Current assets
€226k ▲ 3.7%
Equity and liabilities €271k
Equity
€248k ▲ 2.5%
Debt
€24k ▼ 29.6%
Debt's share of the balance-sheet total falls from 12.2% to 8.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▼
2023 · €59k
Cash flow
€28k▼
2023 · €42k
Current ratio
11.62▲
2023 · 6.98
Quick ratio
11.49▲
2023 · 6.90
Debt to equity
0.10▼
2023 · 0.14
ROE
6.5%▼
2023 · 15.4%
ROA
5.9%▼
2023 · 13.5%
Interest coverage
822.72▼
2023 · 1675.94
Debt ≤ 1 year
€19k▼
2023 · €31k
Income taxes
€6k▼
2023 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€275k€271k▼
Fixed assets21/28€58k€46k▼
Tangible fixed assets22/27€58k€46k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€53k€42k▼
Current assets29/58€218k€226k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€45k€36k▼
Trade receivables40€45k€32k▼
Other amounts receivable41-€4k
Current investments50/53€50k€100k▲
Cash at bank and in hand54/58€119k€86k▼
Deferred charges and accrued income490/1€1k€727▼
Equity and liabilities
Total equity and liabilities10/49€275k€271k▼
Equity10/15€242k€248k▲
Contributions10/11€19k€19k=
Reserves13€135k€141k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€133k€139k▲
Profit (loss) carried forward14€88k€88k=
Amounts payable17/49€34k€24k▼
Amounts payable within one year42/48€31k€19k▼
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€14k€7k▼
Taxes450/3€14k€7k▼
Other amounts payable47/48€14k€10k▼
Accrued charges and deferred income492/3€3k€4k▲
Income statement
Code20232024
Non-recurring operating income76A€9k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€12k▲
Other operating charges640/8€2k€486▼
Gross operating margin9900€60k€33k▼
Operating profit (loss)9901€54k€20k▼
Financial income75/76B€496€2k▲
Recurring financial income75€496€2k▲
Financial charges65/66B€35€39▲
Recurring financial charges65€35€39▲
Profit (loss) for the period before taxes9903€54k€22k▼
Income taxes67/77€17k€6k▼
Profit (loss) for the period9904€37k€16k▼
Profit (loss) for the period to be appropriated9905€37k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€125k€104k▼
Profit (loss) brought forward from the previous period14P€88k€88k▲
Transfer from equity791/2€7k€10k▲
Transfer to equity691/2€37k€16k▼
To other reserves6921€37k€16k▼
Profit to be distributed694/7€7k€10k▲
Return on contributions (dividend)694€7k€10k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €37k ▲2%
Net result €37k, the highest in the series.
31-12
Financial
Equity above €200kEq €211k ▲13.6%
5 profitable years in a row build equity to €211k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €157k ▲22.3%
3 profitable years in a row build equity to €157k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ranst · 1 establishment unit since 2006
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.
Antwerpsesteenweg 542520 RanstGround area
3,395 m²
Building footprint
149 m²
Volume, LiDAR
883 m³
Parcel 11010C0130/00F000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MAST
since 20062.153.084.056
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11010C0130/00F000 | Flanders | 3,395 m² | 1 · 149 m² | 9.0 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.
Recognitions · licences · registrations
Legal Entity Identifier
9845009B8E5LAC645703
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Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 3,253 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-01-2006
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.