MASTECA
ActiveSummary
MASTECA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €593k and a net result of €55k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 54% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+3
Solvency60▲+12
Growth85=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.02 in 2024; short-term debt: 42.8% and cash: 0.3% of total assets), and 65% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
35%
Return on assets
3.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
80 d early
2024
35 d late
2023
74 d early
2022
79 d early
2021
64 d early
2020
84 d early
2019
85 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
Turnover
€110k▲ 1.9%
2024 · €108k
2022: €36klowest in 4 years
2023: €60k▲ +65.7% vs 2022
2024: €108k▲ +82.1% vs 2023
2025: €110k▲ +1.9% vs 2024highest in 4 years
2022 → 2025
EBIT margin
49.9%▲ 56.0pp
2024 · -6.1%
2022: -77.5%lowest in 4 years
2023: 80.8%▲ +204% vs 2022highest in 4 years
2024: -6.1%▼ -108% vs 2023
2025: 49.9%▲ +912% vs 2024
2022 → 2025
Net result
€55k
2024 · €-10k
2018: €-38k
2019: €18k▲ +147% vs 2018
2020: €191k▲ +960% vs 2019highest in 8 years
2021: €-45k▼ -124% vs 2020lowest in 8 years
2022: €-42k▲ +7.3% vs 2021
2023: €44k▲ +205% vs 2022
2024: €-10k▼ -123% vs 2023
2025: €55k▲ +651% vs 2024
2018 → 2025
Working capital
€-722k▲ 34.1%
2024 · €-1.10M
2018: €196k
2019: €206k▲ +5.4% vs 2018highest in 8 years
2020: €-268k▼ -230% vs 2019
2021: €-172k▲ +35.9% vs 2020
2022: €-1.49M▼ -766% vs 2021lowest in 8 years
2023: €-1.32M▲ +11.4% vs 2022
2024: €-1.10M▲ +16.9% vs 2023
2025: €-722k▲ +34.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€36k€60k▲ 65.7%€108k▲ 82.1%€110k▲ 1.9%
2022: €36klowest in 4 years
2023: €60k▲ +65.7% vs 2022
2024: €108k▲ +82.1% vs 2023
2025: €110k▲ +1.9% vs 2024highest in 4 years
Equity€546k-€504k▼ 7.7%€548k▲ 8.7%€526k▼ 4.0%€593k▲ 12.7%
2021: €546k
2022: €504k▼ -7.7% vs 2021lowest in 5 years
2023: €548k▲ +8.7% vs 2022
2024: €526k▼ -4.0% vs 2023
2025: €593k▲ +12.7% vs 2024highest in 5 years
Operating result€-34k-€-28k▲ 19.3%€48k€-7k€55k
2021: €-34klowest in 5 years
2022: €-28k▲ +19.3% vs 2021
2023: €48k▲ +273% vs 2022
2024: €-7k▼ -114% vs 2023
2025: €55k▲ +927% vs 2024highest in 5 years
Net result€-45k-€-42k▲ 7.3%€44k€-10k€55k
2021: €-45klowest in 5 years
2022: €-42k▲ +7.3% vs 2021
2023: €44k▲ +205% vs 2022
2024: €-10k▼ -123% vs 2023
2025: €55k▲ +651% vs 2024highest in 5 years
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 returns to profit in 2025: €55k after a loss of €7k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.69M
Fixed assets
€1.69M ▼ 26.5%
Current assets
€4k ▼ 75.1%
Equity and liabilities €1.69M
Equity
€593k ▲ 12.7%
Provisions
€137k ▼ 3.2%
Debt
€965k ▼ 41.5%
Debt's share of the balance-sheet total falls from 71.2% to 56.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109k▲
2024 · €88k
Cash flow
€109k▲
2024 · €85k
Current ratio
0.01▼
2024 · 0.02
Debt to equity
1.63▼
2024 · 3.13
ROE
9.3%▲
2024 · -1.9%
ROA
3.2%▲
2024 · -0.4%
Interest coverage
22.96▲
2024 · 10.71
Debt ≤ 1 year
€726k▼
2024 · €1.11M
Debt > 1 year
€99k▼
2024 · €106k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.32M€1.69M▼
Fixed assets21/28€2.30M€1.69M▼
Intangible fixed assets21€808€567▼
Tangible fixed assets22/27€2.30M€1.69M▼
Land and buildings22€2.29M€1.68M▼
Furniture and vehicles24€8k€7k▼
Financial fixed assets28€375€375=
Current assets29/58€17k€4k▼
Amounts receivable within one year40/41€103€103=
Other amounts receivable41€103€103=
Current investments50/53€10k-
Cash at bank and in hand54/58€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€2.32M€1.69M▼
Equity10/15€526k€593k▲
Contributions10/11€362k€362k=
Reserves13€275k€266k▼
Tax-exempt reserves132€275k€266k▼
Profit (loss) carried forward14€-111k€-36k▲
Provisions and deferred taxes16€142k€137k▼
Deferred taxes168€142k€137k▼
Amounts payable17/49€1.65M€965k▼
Amounts payable after more than one year17€106k€99k▼
Financial debts170/4€106k€99k▼
Amounts payable within one year42/48€1.11M€726k▼
Current portion of amounts payable after more than one year42€6k€7k▲
Trade debts44€1k€436▼
Suppliers440/4€1k€436▼
Other amounts payable47/48€1.11M€719k▼
Accrued charges and deferred income492/3€429k€139k▼
Income statement
Code20242025
Turnover70€108k€110k▲
Non-recurring operating income76A-€16k
Goods, raw materials, services and sundry goods60/61€17k€12k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€54k▼
Other operating charges640/8€3k€5k▲
Gross operating margin9900€91k€114k▲
Operating profit (loss)9901€-7k€55k▲
Financial income75/76B€346€18▼
Recurring financial income75€346€18▼
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Profit (loss) for the period before taxes9903€-15k€50k▲
Transfer from deferred taxes780€5k€5k=
Profit (loss) for the period9904€-10k€55k▲
Transfer from tax-exempt reserves789€9k€9k=
Profit (loss) for the period to be appropriated9905€-1k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-99k€-36k▲
Profit (loss) brought forward from the previous period14P€-98k€-99k▼
Profit to be distributed694/7€12k-
Directors or managers695€12k-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €36k | €60k | €108k | €110k | ▲ 1.9% |
| Non-recurring operating income76A | €6k | - | - | - | €16k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €39k | €17k | €12k | ▼ 29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €43k | €51k | €95k | €54k | ▼ 42.7% |
| Other operating charges640/8 | €4k | €4k | €8k | €3k | €5k | ▲ 61.1% |
| Gross operating margin9900 | €4k | €19k | €107k | €91k | €114k | ▲ 25.2% |
| Operating profit (loss)9901 | €-34k | €-28k | €48k | €-7k | €55k | ▲ 927% |
| Financial income75/76B | €20 | - | €21 | €346 | €18 | ▼ 94.8% |
| Recurring financial income75 | €20 | - | €21 | €346 | €18 | ▼ 94.8% |
| Financial charges65/66B | €2k | €12k | €5k | €8k | €5k | ▼ 42.2% |
| Recurring financial charges65 | €2k | €12k | €5k | €8k | €5k | ▼ 42.2% |
| Profit (loss) for the period before taxes9903 | €-36k | €-40k | €43k | €-15k | €50k | ▲ 446% |
| Transfer from deferred taxes780 | €957 | €957 | €1k | €5k | €5k | = |
| Transfer to deferred taxes680 | €1k | - | - | - | - | - |
| Income taxes67/77 | €9k | €3k | €0 | - | - | - |
| Profit (loss) for the period9904 | €-45k | €-42k | €44k | €-10k | €55k | ▲ 651% |
| Transfer from tax-exempt reserves789 | €2k | €2k | €2k | €9k | €9k | = |
| Transfer to tax-exempt reserves689 | €2k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-46k | €-40k | €47k | €-1k | €64k | ▲ 5,969% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.25M | €2.62M | €2.41M | €2.32M | €1.69M | ▼ 26.8% |
| Fixed assets21/28 | €2.33M | €2.29M | €2.39M | €2.30M | €1.69M | ▼ 26.5% |
| Intangible fixed assets21 | €652 | €3k | €2k | €808 | €567 | ▼ 29.8% |
| Tangible fixed assets22/27 | €2.32M | €2.29M | €2.39M | €2.30M | €1.69M | ▼ 26.5% |
| Land and buildings22 | €943k | €908k | €2.38M | €2.29M | €1.68M | ▼ 26.5% |
| Plant, machinery and equipment23 | €15k | - | - | - | - | - |
| Furniture and vehicles24 | - | €13k | €10k | €8k | €7k | ▼ 10.1% |
| Assets under construction and advance payments27 | €1.37M | €1.37M | €0 | - | - | - |
| Financial fixed assets28 | €375 | €375 | €375 | €375 | €375 | = |
| Current assets29/58 | €921k | €327k | €17k | €17k | €4k | ▼ 75.1% |
| Amounts receivable within one year40/41 | €750 | - | - | €103 | €103 | = |
| Other amounts receivable41 | €750 | - | - | €103 | €103 | = |
| Current investments50/53 | €920k | - | - | €10k | - | - |
| Cash at bank and in hand54/58 | - | €327k | €17k | €7k | €4k | ▼ 42.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.25M | €2.62M | €2.41M | €2.32M | €1.69M | ▼ 26.8% |
| Equity10/15 | €546k | €504k | €548k | €526k | €593k | ▲ 12.7% |
| Contributions10/11 | €362k | €362k | €362k | €362k | €362k | = |
| Capital10 | €362k | - | - | - | - | - |
| Issued capital100 | €362k | - | - | - | - | - |
| Reserves13 | €288k | €287k | €284k | €275k | €266k | ▼ 3.2% |
| Tax-exempt reserves132 | €288k | €287k | €284k | €275k | €266k | ▼ 3.2% |
| Profit (loss) carried forward14 | €-105k | €-145k | €-98k | €-111k | €-36k | ▲ 68.1% |
| Provisions and deferred taxes16 | €148k | €148k | €146k | €142k | €137k | ▼ 3.2% |
| Deferred taxes168 | €148k | €148k | €146k | €142k | €137k | ▼ 3.2% |
| Amounts payable17/49 | €2.55M | €1.97M | €1.71M | €1.65M | €965k | ▼ 41.5% |
| Amounts payable after more than one year17 | €1.28M | - | €141k | €106k | €99k | ▼ 6.2% |
| Financial debts170/4 | €300k | - | €141k | €106k | €99k | ▼ 6.2% |
| Other amounts payable178/9 | €982k | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.09M | €1.82M | €1.34M | €1.11M | €726k | ▼ 34.8% |
| Current portion of amounts payable after more than one year42 | - | - | €6k | €6k | €7k | ▲ 4.1% |
| Trade debts44 | €339k | €7k | €2k | €1k | €436 | ▼ 68.1% |
| Suppliers440/4 | €339k | €7k | €2k | €1k | €436 | ▼ 68.1% |
| Taxes, remuneration and social security45 | €7k | €3k | - | - | - | - |
| Taxes450/3 | €7k | €3k | - | - | - | - |
| Other amounts payable47/48 | €747k | €1.81M | €1.33M | €1.11M | €719k | ▼ 35.0% |
| Accrued charges and deferred income492/3 | €178k | €151k | €238k | €429k | €139k | ▼ 67.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-45k | €-42k | €44k | €-10k | €55k | ▲ 651% |
| + Depreciation and write-downs630 | €34k | €43k | €51k | €95k | €54k | ▼ 42.7% |
| Operating cash flow (approximation) | €-11k | €884 | €95k | €85k | €109k | ▲ 28.6% |
| Investment in fixed assets (approximation) | - | €-8k | €-153k | €-583 | €554k | ▲ 95,056% |
| Change in cash | - | - | €-311k | €-9k | €-3k | ▲ 66.0% |
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
31-08
State Gazette act
Appointment: Willy Doms (managing director)2 facts ▸
State Gazette act
Appointment: Willy Doms (managing director)
2 facts ▸
- Board meeting, 15-08-2026
- Director appointment, Willy Doms (managing director)
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €55k
Net result €55k after one loss-making year.
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
18-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €44k
Net result €44k after 2 loss-making years.
13-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
08-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €191k ▲960%
Net result €191k, the highest in the series.
31-12
Financial
Equity above €500kEq €591k ▲47.8%
2 profitable years in a row build equity to €591k.
Show earlier events
07-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Willy Doms
CurrentManaging director · since 15-08-2026
15-08-2026
Appointed as Managing director
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Katelijne-Waver · 1 establishment unit since 1996
Ground area
656 m²
Building footprint
171 m²
Volume, LiDAR
1,278 m³
Parcel 12035E0320/00K003, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MASTECA NV
since 19962.055.616.278
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035E0320/00K003 | Flanders | 656 m² | 1 · 171 m² | 11.6 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.
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,398 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
Founded23-10-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.