Mast Projects
ActiveSummary
Mast Projects has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97,688 and a net result of €92,688. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €97,688
- Profit
- €92,688
Why 87raises riskFounded in 2024lowers riskSize: total assets €582,369No main activity registeredFigures for financial year 2025 (filed 23-06-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 26% on solvency, 13% on liquidity and 60% on profitability.
The bankruptcy probability was computed on 19-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointments: Lambrecht Matthias Roger Marie…
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 1,602 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,602 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2025 |
|---|---|
| Other operating charges640/8 | €882 |
| Gross operating margin9900 | €117,940 |
| Operating profit (loss)9901 | €117,057 |
| Financial income75/76B | €1 |
| Recurring financial income75 | €1 |
| Financial charges65/66B | €145 |
| Recurring financial charges65 | €145 |
| Profit (loss) for the period before taxes9903 | €116,913 |
| Income taxes67/77 | €24,226 |
| Profit (loss) for the period9904 | €92,688 |
| Profit (loss) for the period to be appropriated9905 | €92,688 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €582,369 | |
| Current assets29/58 | €582,369 | |
| Stocks and contracts in progress3 | €505,520 | |
| Stocks30/36 | €505,520 | |
| Cash at bank and in hand54/58 | €76,849 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €582,369 | |
| Equity10/15 | €97,688 | |
| Contributions10/11 | €5,000 | |
| Reserves13 | €92,688 | |
| Distributable reserves133 | €92,688 | |
| Amounts payable17/49 | €484,682 | |
| Amounts payable within one year42/48 | €484,682 | |
| Trade debts44 | €276 | |
| Suppliers440/4 | €276 | |
| Advances received on contracts in progress46 | €80,000 | |
| Taxes, remuneration and social security45 | €24,226 | |
| Taxes450/3 | €24,226 | |
| Other amounts payable47/48 | €380,180 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €92,688 |
| Operating cash flow (approximation) | €92,688 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00186451 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
26-03
Gazette deed
IncorporationAppointments: Lambrecht Matthias Roger Marie (director) and De Blieck Steven Livien Lucienne (director) · Founder · Founding capital15 facts ▸
- Incorporation, “Mast Projects” (deed in Dutch)
- Founder, Lambrecht Matthias Roger Marie
- Founder, De Blieck Steven Livien Lucienne
- Other provision, “wettelijke samenwoning, wettelijk samenwonende partner” (deed in Dutch)
- Other provision, “huwelijk, echtgenoot” (deed in Dutch)
- Founding capital, €5,000
- Bank account, “bijzondere rekening”, 5000 (deed in Dutch)
- Other provision, “bevestiging deponering, deponering overeenkomstig Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “uitwerking slot- en overgangsbepalingen, eenparig” (deed in Dutch)
- Registered office clause, “9160 Lokeren, Bautschoot 20 bus 1” (deed in Dutch)
- Board rule, 2, “vergadering” (deed in Dutch)
- Director appointment, Lambrecht Matthias Roger Marie (director)
- +3 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 20 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46007C0017/00P000 | Flanders | 968 m² | 1 · 226 m² | 13.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Elke dienstverlening op het gebied van management,in de ruimste zin bijstand,advies en diensten verlenen,rechtstreeks of onrechtstreeks op…” (deed in Dutch)
17 activities (deed in Dutch)
- Elke dienstverlening op het gebied van management,in de ruimste zin bijstand,advies en diensten verlenen,rechtstreeks of onrechtstreeks op het vlak van administratie en financiën,verkoop,incasso,productie en algemeen bestuur aan bedrijven,personen en vennootschappen
- Alle financiële en beheersverrichtingen met betrekking tot eigen roerend vermogen en onroerend vermogen,onder meer,krediet en financiering,belegging van eigen roerend vermogen en van onroerend vermogen,beheren van eigen roerend en van onroerend vermogen,hypothecaire en andere borgstelling,commissie- en delcredereverrichtingen,voor zover dit alles wettelijk is toegelaten
- Het verwerven en huren met het oog op het verhuren en onderverhuren van onroerende goederen en roerende installaties
- Het optreden als bestuurder of vereffenaar in andere vennootschappen
- Een patrimonium bestaande uit eigen roerende en onroerende goederen te verwerven,te behouden,in de ruimste zin van het woord te beheren en oordeelkundig uit te breiden.Binnen dit kader mag de vennootschap overgaan tot het aankopen,verkopen,bouwen,verbouwen,uitrusten,opschikken,herstellen,valoriseren,verhuren,onderverhuren of in pand nemen,maar ook eventueel verkopen van alle onroerende goederen,al dan niet gemeubeld
- Het optreden als commissionair,tussenpersoon,zowel voor eigen rekening als voor rekening van derden bij alle commerciële activiteiten
- Het nemen van participaties onder welke vorm ook,in alle bestaande en op te richten vennootschappen en ondernemingen,het beheren en valoriseren van eigen roerende waarden en participaties,het verlenen van financiële en andere bijstand aan de vennootschappen en ondernemingen waarin ze belangen heeft
- Algemene bouwcoördinatie-projectmanagement
- Het uitdenken,ontwerpen,ontwikkelen,produceren en op de markt brengen van allerhande consumptieartikelen
- De aan- en verkoop,in- en export van alle mogelijke consumptieartikelen
- Bouwkundige expertises(gerechtelijk en buitengerechterlijk)
- Haalbaarheidsstudies vastgoedinvesteringen en verlenen van adviezen desbetreffend
- Projectontwikkeling,projectbouw en algemene aannemingen
- Het inrichten en houden van voordrachten,bijeenkomsten,cursussen,seminaries,met betrekking tot vastgoed en aanverwante materies
- De organisatie,promotie en uitvoering van diverse evenementen,happenings en soortgelijke activiteiten in de meest ruime zin
- Levering en verzorging van alle vormen van catering zowel in eigen beheer als door derden
- Het uitbaten van een evenementenbureau
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Mast Projects
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, Artikel 2” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, één of meer bestuurders” (deed in Dutch)“Bedrag vaste of evenredige vergoeding, algemene kosten, los van representatie-, reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager, helft koper(s) naar evenredigheid aantal bij meer kopers, nietigheid” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Ten minste vijftien dagen vanaf openstelling intekening, eerst aan bestaande aandeelhouders naar evenredigheid aandelenbezit” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar benoemd, bestuurder(s) in functie” (deed in Dutch)