MASTE
Open bankruptcyA bankruptcy procedure is open for MASTE according to publications in the Belgian State Gazette; curator: MIEKE VERPLANCKE.
Summary
The 2021 annual accounts show negative equity (-€10,686) and a net result of €6,458.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Ghent division
- Declared bankrupt
- 19 March 2024
- Supervising judge
- Peter Broos
- Official Gazette
- 25-03-2024 (pdf) ↗search the document for 2024/112155
Deadlines
- Provisional date payments stopped
- 19 March 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 9 April 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 18 April 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 23 April 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 19 March 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Mieke VerplanckeZuidstationstraat 34-36, 9000 Gentmieke.verplancke@vaneeghem.com
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-07-2022, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
on the day
2020
2 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, abbreviated schema
Equity
-€10,686▲ 37.7%
2020 · -€17,143
Total assets
€1.0m▲ 1.2%
2020 · €1.0m
Net result
€6,458
2020 · -€27,444
Working capital
-€108,771▼ 52.7%
2020 · -€71,251
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result€41,763--€18,180-€24,714▼ 35.9%€5,516
Net result€29,785--€38,628-€27,444below the sector's middle half▲ 29.0%€6,458within the sector's middle half
Equity€48,929-€10,301▼ 78.9%-€17,143below the sector's middle half-€10,686below the sector's middle half▲ 37.7%
Total assets€1.1m-€1.1m=€1.0mabove the sector's middle half▼ 5.0%€1.0mabove the sector's middle half▲ 1.2%
Debt€1.0m-€1.1m▲ 3.7%€1.0m▼ 2.5%€1.0m▲ 0.6%
Working capital€22,946--€103,068-€71,251within the sector's middle half▲ 30.9%-€108,771below the sector's middle half▼ 52.7%
Solvency4.6%-1.0%▼ 3.6pp-1.7%below the sector's middle half▼ 2.6pp-1.0%below the sector's middle half▲ 0.6pp
Current ratio1.11-0.58▼ 0.530.65within the sector's middle half▲ 0.070.62below the sector's middle half▼ 0.03
Return on assets (ROA)2.8%--3.6%▼ 6.4pp-2.7%within the sector's middle half▲ 0.9pp0.6%within the sector's middle half▲ 3.3pp
Staff (FTE)1-1.7▲ 70.0%2.2below the sector's middle half▲ 29.4%3.1within the sector's middle half▲ 40.9%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €5,516 after a loss of €24,714 in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.0m
Fixed assets
€857,017 ▼ 3.3%
Current assets
€175,583 ▲ 31.6%
Key figures and ratios
EBITDA
€38,038▲
2020 · €11,147
Cash flow
€38,980▲
2020 · €8,417
Quick ratio
0.59▼
2020 · 0.62
Debt to equity
-97.63▼
2020 · -48.23
Interest coverage
1.61
Debt ≤ 1 year
€284,355▲
2020 · €204,670
Debt > 1 year
€748,407▼
2020 · €826,796
Staff costs
€88,571
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - |
| Remuneration, social security and pensions62 | - | - | - | €88,571 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,110 | €58,065 | €35,861 | €32,522 | ▼ 9.3% |
| Other operating charges640/8 | - | - | - | €1,710 | - |
| Gross operating margin9900 | €51,979 | €94,941 | €64,064 | €128,319 | ▲ 100% |
| Operating profit (loss)9901 | €41,763 | -€18,180 | -€24,714 | €5,516 | ▲ 122% |
| Financial income75/76B | - | - | - | €24,609 | - |
| Recurring financial income75 | €4,432 | €3,667 | €5,191 | €2,588 | ▼ 50.1% |
| Non-recurring financial income76B | - | - | - | €22,021 | - |
| Financial charges65/66B | - | - | - | €23,667 | - |
| Recurring financial charges65 | €14,502 | €24,019 | €26,384 | €23,667 | ▼ 10.3% |
| Profit (loss) for the period before taxes9903 | €31,693 | -€38,531 | -€27,444 | €6,458 | ▲ 124% |
| Income taxes67/77 | €1,907 | €97 | €0 | - | - |
| Profit (loss) for the period9904 | €29,785 | -€38,628 | -€27,444 | €6,458 | ▲ 124% |
| Profit (loss) for the period to be appropriated9905 | €29,785 | -€38,628 | -€27,444 | €6,458 | ▲ 124% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.1m | €1.1m | €1.0m | €1.0m | ▲ 1.2% |
| Formation expenses20 | €0 | - | - | - | - |
| Fixed assets21/28 | €836,423 | €933,049 | €886,673 | €857,017 | ▼ 3.3% |
| Intangible fixed assets21 | €2,473 | €1,854 | €1,236 | €618 | ▼ 50.0% |
| Tangible fixed assets22/27 | €833,950 | €931,194 | €885,437 | €856,398 | ▼ 3.3% |
| Land and buildings22 | - | - | - | €839,329 | - |
| Plant, machinery and equipment23 | - | - | - | €3,909 | - |
| Furniture and vehicles24 | - | - | - | €13,161 | - |
| Financial fixed assets28 | €0 | - | - | - | - |
| Current assets29/58 | €238,071 | €141,061 | €133,418 | €175,583 | ▲ 31.6% |
| Amounts receivable after more than one year29 | - | - | - | €95,000 | - |
| Other amounts receivable291 | - | - | - | €95,000 | - |
| Stocks and contracts in progress3 | €2,231 | €7,354 | €6,184 | €6,704 | ▲ 8.4% |
| Stocks30/36 | - | - | - | €6,704 | - |
| Amounts receivable within one year40/41 | €174,999 | €43,254 | €30,441 | €55,092 | ▲ 81.0% |
| Trade receivables40 | - | - | - | €19,881 | - |
| Other amounts receivable41 | - | - | - | €35,210 | - |
| Current investments50/53 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €2,454 | €2,339 | €2,879 | €1,194 | ▼ 58.5% |
| Deferred charges and accrued income490/1 | - | - | - | €17,595 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.0m | €1.0m | ▲ 1.2% |
| Equity10/15 | €48,929 | €10,301 | -€17,143 | -€10,686 | ▲ 37.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €28,469 | -€10,159 | -€37,603 | -€31,146 | ▲ 17.2% |
| Amounts payable17/49 | €1.0m | €1.1m | €1.0m | €1.0m | ▲ 0.6% |
| Amounts payable after more than one year17 | €810,441 | €819,680 | €826,796 | €748,407 | ▼ 9.5% |
| Financial debts170/4 | - | - | - | €748,407 | - |
| Amounts payable within one year42/48 | €215,125 | €244,129 | €204,670 | €284,355 | ▲ 38.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €94,015 | - |
| Financial debts43 | - | - | - | €77,097 | - |
| Credit institutions430/8 | - | - | - | €60,411 | - |
| Other loans439 | - | - | - | €16,686 | - |
| Trade debts44 | €102,959 | €94,003 | €67,898 | €85,887 | ▲ 26.5% |
| Suppliers440/4 | - | - | - | €85,887 | - |
| Advances received on contracts in progress46 | - | - | - | €6,658 | - |
| Taxes, remuneration and social security45 | - | - | - | €20,698 | - |
| Taxes450/3 | - | - | - | €11,187 | - |
| Remuneration and social security454/9 | - | - | - | €9,511 | - |
| Accrued charges and deferred income492/3 | - | - | - | €10,524 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,785 | -€38,628 | -€27,444 | €6,458 | ▲ 124% |
| + Depreciation and write-downs630 | €7,110 | €58,065 | €35,861 | €32,522 | ▼ 9.3% |
| Operating cash flow (approximation) | €36,896 | €19,437 | €8,417 | €38,980 | ▲ 363% |
| Investment in fixed assets (approximation) | - | -€154,690 | €10,514 | -€2,865 | ▼ 127% |
| Change in cash | - | -€115 | €540 | -€1,685 | ▼ 412% |
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
2024
25-03
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 19-03-2024
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €6,458
Net result €6,458 after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet -€38,628
Net result drops to -€38,628, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
02-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
24-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Gent · 1 establishment unit since 2013
Ground area
2,315 m²
Building footprint
1,571 m²
Volume, LiDAR
41,788 m³
Parcel 44807G0052/00X002, Flanders · tallest building 36.4 m, ±10 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Onder de toren
since 20132.218.271.818
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0052/00X002 | Flanders | 2,315 m² | 1 · 1,571 m² | 36.4 m · 10 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MIEKE VERPLANCKE ZUIDSTATIONSTRAAT 34-36,
9000 GENT |
19-03-2024 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.218.271.818
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 7,136 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 (pre-2019)
Founded02-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.