Equity
-€25,108
Debts exceed assets in financial year 2025.
MAST
Lifetime
1 annual account with figurespeak €9,727 (2025)
€9,727
lowest -€30,108 (2025)
-€30,108
peak -€25,108 (2025)
-€25,108
€676,732
Board2 names since 2024
2 directorsGRYMONPREZ Marc Alfons and 1 other
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Loss of €30,108First year with figures
Key points
from the 2025 annual accountsDebts
€676,732 104% of the balance sheet
Position in the sector
-€30,108
Lower net result than 87% of companies in real estate. Sector median €5,986 · 17,185 companies.
2025 accounts filed 61 days after the deadline
Checked score
54
Fair
Financially stronger than 23% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 0.7%lowest value
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.8%▲ +0.1 percentage points vs 10-2025
12-2025: 0.9%▲ +0.1 percentage points vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 1.0%▲ +0.1 percentage points vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 0.9%▼ -0.1 percentage points vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 1.1%▲ +0.2 percentage points vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.1%● unchanged vs 07-2026
09-2026: 1.1%● unchanged vs 08-2026
10-2026: 1.3%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 1.3%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 0.00, cash €1,585
Last filed accounts filed 61 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €651,624
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 16% of them on solvency, 3% on liquidity and 50% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,251 companies had the same profile as MAST has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MAST itself is higher: 1.3% within 12 months. It rests on far more data about MAST than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,251 companies, not a prediction for MAST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.0, below 1. Short-term debt is 103.9% and cash 0.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 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 · 1 filingDeviation from the deadline
2025
61 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- GRYMONPREZ Marc Alfons 5 sharesdeed of 05-07-2024
- GRYMONPREZ Steve 95 sharesdeed of 05-07-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011125525
Incorporation
Founding capital of €5,000, 100 shares · Founders: GRYMONPREZ Marc Alfons and GRYMONPREZ Steve · Appointments: GRYMONPREZ Marc Alfons (statutory director) and GRYMONPREZ Steve (statutory director) · published on 05-07-2024 · Gazette deed
First establishment
Rumbeeksesteenweg 89, Roeselare
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MAST Roeselare | €651,624 | €9,727 | -3.9% | - |
| EMME DEVELOPPEMENT Sint-Gillis (bij-Brussel) | €562,215 | €9,407 | 94.8% | - |
| REVA CLINICS REAL ESTATE Leuven | €874,307 | €8,476 | 2.9% | - |
| Cuveele & De Smet Invest Bornem | €563,750 | €8,868 | 0.4% | - |
| DPC IMMO Namur | €564,826 | €11,126 | 0.4% | - |
| E.M IMMO Uccle | €704,447 | €9,595 | 0.9% | - |
| VIDIO Seraing | €469,075 | €11,484 | -16.0% | - |
These companies have the same main activity as MAST: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €469,000 and €874,000, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 03-07-2024Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 4 others
- Establishment unit
- 2.363.310.1768800 Roeselare, since 03-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 22-01-2026
Insights on MAST
MAST has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€25,108) and a net result of -€30,108.
Its solvency ranks better than 17% of 17,194 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MAST
- What is the company number of MAST?
- The company number of MAST is 1011.125.525. The VAT number is the same number with BE in front: BE 1011.125.525.
- Where is MAST based?
- The registered office is at Rumbeeksesteenweg 89, 8800 Roeselare.Company details
- What does MAST do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of MAST?
- MAST is a private limited company (BV).
- When was MAST founded?
- MAST was founded on 03-07-2024.
- Is MAST still active?
- Yes, MAST is an active enterprise in the KBO register.
- What is the turnover of MAST?
- The turnover in financial year 2025 is ≈ €26,000. This figure is estimated from the gross margin of €9,727 and 34 comparable companies (NACE 68201). It probably lies between €17,000 and €42,000. It is a rough estimate.Financials
- Is MAST profitable?
- In financial year 2025, MAST made a loss of €30,108.
- Where can I find the annual accounts of MAST?
- MAST filed 1 annual account with the National Bank of Belgium, for financial year 2025.
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