MAST Consultancy
ActiveSummary
MAST Consultancy has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-748) and a net result of €-3k. Equity is shrinking by ~67.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-34
Solvency20▼-21
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.68 against 0.67 in 2024; short-term debt: 104.6% and cash: 37.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
-4.6%
Return on assets
-18.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-748
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
28 d late
2024
1 d early
2023
5 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-748
2024 · €2k
2023: €2k
2024: €2k▲ +7.5% vs 2023highest in 3 years
2025: €-748▼ -133% vs 2024lowest in 3 years
2023 → 2025
Total assets
€16k▲ 13.0%
2024 · €15k
2023: €10klowest in 3 years
2024: €15k▲ +38.8% vs 2023
2025: €16k▲ +13.0% vs 2024highest in 3 years
2023 → 2025
Net result
€-3k
2024 · €159
2023: €627highest in 3 years
2024: €159▼ -74.7% vs 2023
2025: €-3k▼ -2009% vs 2024lowest in 3 years
2023 → 2025
Working capital
€-6k▼ 38.5%
2024 · €-4k
2023: €627highest in 3 years
2024: €-4k▼ -741% vs 2023
2025: €-6k▼ -38.5% vs 2024lowest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€2k-€2k▲ 7.5%€-748
2023: €2k
2024: €2k▲ +7.5% vs 2023highest in 3 years
2025: €-748▼ -133% vs 2024lowest in 3 years
Operating result€1k-€2k▲ 45.5%€-2k
2023: €1k
2024: €2k▲ +45.5% vs 2023highest in 3 years
2025: €-2k▼ -186% vs 2024lowest in 3 years
Net result€627-€159▼ 74.7%€-3k
2023: €627highest in 3 years
2024: €159▼ -74.7% vs 2023
2025: €-3k▼ -2009% vs 2024lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €2k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16k
Fixed assets
€5k ▼ 23.5%
Current assets
€12k ▲ 41.1%
Key figures and ratios
EBITDA
€1k▼
2024 · €3k
Cash flow
€-393▼
2024 · €2k
Solvency
-4.6%▼
2024 · 15.7%
Current ratio
0.68▲
2024 · 0.67
ROA
-18.5%▼
2024 · 1.1%
Interest coverage
0.75▼
2024 · 2.38
Debt
€17k▲
2024 · €12k
Debt ≤ 1 year
€17k▲
2024 · €12k
Income taxes
€56▼
2024 · €406
Equity ratios withheld: equity of €-748 is too small for a meaningful ratio.
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 · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€15k€16k▲
Fixed assets21/28€6k€5k▼
Tangible fixed assets22/27€6k€5k▼
Plant, machinery and equipment23€6k€5k▼
Current assets29/58€8k€12k▲
Amounts receivable within one year40/41€1k€5k▲
Trade receivables40€1k€5k▲
Cash at bank and in hand54/58€7k€6k▼
Deferred charges and accrued income490/1€643€0▼
Equity and liabilities
Total equity and liabilities10/49€15k€16k▲
Equity10/15€2k€-748▼
Contributions10/11€2k€2k=
Reserves13€786€0▼
Distributable reserves133€786€0▼
Profit (loss) carried forward14-€-2k
Amounts payable17/49€12k€17k▲
Amounts payable within one year42/48€12k€17k▲
Trade debts44€1k€934▼
Suppliers440/4€1k€934▼
Taxes, remuneration and social security45€5k€5k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€6k€11k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€3k▲
Other operating charges640/8€234€226▼
Gross operating margin9900€3k€1k▼
Operating profit (loss)9901€2k€-2k▼
Financial income75/76B€41€0▼
Recurring financial income75€41€0▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€565€-3k▼
Income taxes67/77€406€56▼
Profit (loss) for the period9904€159€-3k▼
Profit (loss) for the period to be appropriated9905€159€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€159€-3k▼
Transfer from equity791/2-€786
Transfer to equity691/2€159€0▼
To other reserves6921€159€0▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3 | €1k | €3k | ▲ 96.2% |
| Other operating charges640/8 | - | €234 | €226 | ▼ 3.5% |
| Gross operating margin9900 | €1k | €3k | €1k | ▼ 64.0% |
| Operating profit (loss)9901 | €1k | €2k | €-2k | ▼ 186% |
| Financial income75/76B | - | €41 | €0 | ▼ 100% |
| Recurring financial income75 | - | €41 | €0 | ▼ 100% |
| Financial charges65/66B | €341 | €1k | €1k | ▲ 0.1% |
| Recurring financial charges65 | €341 | €1k | €1k | ▲ 0.1% |
| Profit (loss) for the period before taxes9903 | €951 | €565 | €-3k | ▼ 627% |
| Income taxes67/77 | €324 | €406 | €56 | ▼ 86.2% |
| Profit (loss) for the period9904 | €627 | €159 | €-3k | ▼ 2,009% |
| Profit (loss) for the period to be appropriated9905 | €627 | €159 | €-3k | ▼ 2,009% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €10k | €15k | €16k | ▲ 13.0% |
| Fixed assets21/28 | €1k | €6k | €5k | ▼ 23.5% |
| Tangible fixed assets22/27 | €1k | €6k | €5k | ▼ 23.5% |
| Plant, machinery and equipment23 | €1k | €6k | €5k | ▼ 23.5% |
| Current assets29/58 | €9k | €8k | €12k | ▲ 41.1% |
| Amounts receivable within one year40/41 | €4k | €1k | €5k | ▲ 430% |
| Trade receivables40 | €4k | €1k | €5k | ▲ 430% |
| Cash at bank and in hand54/58 | €4k | €7k | €6k | ▼ 5.5% |
| Deferred charges and accrued income490/1 | €957 | €643 | €0 | ▼ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €10k | €15k | €16k | ▲ 13.0% |
| Equity10/15 | €2k | €2k | €-748 | ▼ 133% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €627 | €786 | €0 | ▼ 100% |
| Distributable reserves133 | €627 | €786 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | €-2k | - |
| Amounts payable17/49 | €8k | €12k | €17k | ▲ 40.2% |
| Amounts payable within one year42/48 | €8k | €12k | €17k | ▲ 40.2% |
| Trade debts44 | €3k | €1k | €934 | ▼ 34.1% |
| Suppliers440/4 | €3k | €1k | €934 | ▼ 34.1% |
| Taxes, remuneration and social security45 | €5k | €5k | €5k | ▲ 7.7% |
| Taxes450/3 | €2k | €2k | €3k | ▲ 15.3% |
| Remuneration and social security454/9 | €2k | €2k | €2k | = |
| Other amounts payable47/48 | €295 | €6k | €11k | ▲ 83.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €627 | €159 | €-3k | ▼ 2,009% |
| + Depreciation and write-downs630 | €3 | €1k | €3k | ▲ 96.2% |
| Operating cash flow (approximation) | €630 | €2k | €-393 | ▼ 126% |
| Investment in fixed assets (approximation) | - | €-6k | €-1k | ▲ 81.2% |
| Change in cash | - | €3k | €-359 | ▼ 112% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Schelle · 1 establishment unit since 2023
Ground area
173 m²
Building footprint
52 m²
Volume, LiDAR
433 m³
Parcel 11038A0266/00B002, Flanders · tallest building 9.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MAST Consultancy
since 20232.347.228.665
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11038A0266/00B002 | Flanders | 173 m² | 1 · 52 m² | 9.0 m · 3 fl. |
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 · 576 EUR awarded · 576 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 576 EUR | 576 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 9,369 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
Founded19-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.