MASTAT - LIFE SCIENCES
ActiveMASTAT - LIFE SCIENCES has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76k and a net result of €42k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 256 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▼-1
Solvency65▲+9
Growth71=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.41 in 2024; short-term debt: 59.8% and cash: 63% of total assets), but 59.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.2%
Return on assets
22.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 5 filingsDeviation from the deadline
2025
30 d late
2024
31 d late
2023
61 d late
2022
31 d late
2021
31 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€248k▲ 24.8%
2021 · €198k
2021: €198k
2021 → 2024
EBIT margin
29.3%▲ 12.9pp
2021 · 16.4%
2021: 16.4%
2021 → 2024
Net result
€42k▼ 28.4%
2024 · €59k
2021: €32k
2023: €46k
2024: €59k
2021 → 2025
Working capital
€68k▼ 8.7%
2024 · €75k
2021: €42k
2023: €117k
2024: €75k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€198k-€248k
Equity€46k-€122k€81k▼ 33.8%€76k▼ 6.2%
Operating result€33k-€60k€73k▲ 20.9%€49k▼ 32.0%
Net result€32k-€46k€59k▲ 26.4%€42k▼ 28.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €189k
Fixed assets
€8k▲ 24.7%
Current assets
€181k▼ 29.6%
Equity and liabilities €189k
Equity
€76k▼ 6.2%
Debt
€113k▼ 38.2%
The debt ratio falls from 69.3% to 59.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€52k▼
2024 · €76k
Cash flow
€45k▼
2024 · €62k
Solvency
40.2%▲
2024 · 30.7%
Current ratio
1.60▲
2024 · 1.41
Quick ratio
1.60▲
2024 · 1.41
Debt / equity
1.49▼
2024 · 2.26
ROE
55.5%▼
2024 · 72.7%
ROA
22.3%▼
2024 · 22.3%
Interest coverage
458.56▲
2024 · 381.46
Debt
€113k▼
2024 · €183k
Debt ≤ 1 year
€113k▼
2024 · €183k
Income taxes
€7k▼
2024 · €14k
Staff costs
€45k▼
2024 · €50k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€264k€189k▼
Fixed assets21/28€6k€8k▲
Tangible fixed assets22/27€6k€8k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€3k€3k▲
Other tangible fixed assets26€927€3k▲
Current assets29/58€257k€181k▼
Amounts receivable within one year40/41€57k€59k▲
Trade receivables40€26k€35k▲
Other amounts receivable41€31k€23k▼
Cash at bank and in hand54/58€201k€119k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€264k€189k▼
Equity10/15€81k€76k▼
Contributions10/11€14k€14k=
Capital10€14k€14k=
Issued capital100€14k€14k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€65k€60k▼
Amounts payable17/49€183k€113k▼
Amounts payable within one year42/48€183k€113k▼
Trade debts44€35k€25k▼
Suppliers440/4€35k€25k▼
Taxes, remuneration and social security45€50k€58k▲
Taxes450/3€22k€22k▲
Remuneration and social security454/9€28k€36k▲
Other amounts payable47/48€98k€30k▼
Income statement
Code20242025
Turnover70€248k-
Goods, raw materials, services and sundry goods60/61€127k€103k▼
Remuneration, social security and pensions62€50k€45k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€2k€532▼
Gross operating margin9900€127k€98k▼
Operating profit (loss)9901€73k€49k▼
Financial charges65/66B€198€114▼
Recurring financial charges65€198€114▼
Profit (loss) for the period before taxes9903€72k€49k▼
Income taxes67/77€14k€7k▼
Profit (loss) for the period9904€59k€42k▼
Profit (loss) for the period to be appropriated9905€59k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€165k€107k▼
Profit (loss) brought forward from the previous period14P€107k€65k▼
Profit to be distributed694/7€100k€47k▼
Return on contributions (dividend)694€100k€47k▼
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
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2021net €59k ▲26.4%
Operating result €73k, net result €59k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Jans-Molenbeek · 1 establishment unit since 2020
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.
Joseph Baecklaan 741080 Sint-Jans-MolenbeekGround area
7,563 m²
Building footprint
363 m²
Volume, LiDAR
10,874 m³
2 parcels, Brussels · tallest building 37.2 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
MASTAT - LIFE SCIENCES
since 20202.309.384.116
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0861/00D000 | Brussels | 7,479 m² | 1 · 280 m² | 37.2 m · 12 fl. |
| 21305B0225/00X002 | Brussels | 83 m² | 1 · 83 m² | 16.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WIKIFLOW
BE 0685.510.084
Anhée · Eq €76k
WASIIT
BE 0732.675.345
Namur · Eq €76k
ZorgSoftware
BE 0879.982.515
Temse · Eq €75k
ADMANT KARIM SERVICES
BE 0715.661.842
Seraing · Eq €75k
LDR SOFT
BE 0876.743.309
Asse · Eq €77k
Of 1,284 companies in sector 58290 we hold annual accounts for 593. 465 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-2020
Fiscal year end31-12
Activities, NACEBEL
58290Other software publishing
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
70200Business and other management consultancy
70220Business consulting
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.