MASTEL
Bankruptcy closedInactive since 21-05-2026; last annual accounts for fiscal year 2021.
Summary
MASTEL was declared bankrupt on 18-04-2023 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed by liquidation by judgment of 19-05-2026, published in the Belgian State Gazette on 26-05-2026.
Signals
Two 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
on the day
2020
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide 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?Process a list 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
-€133,089▼ 167%
2020 · -€49,823
Total assets
€86,383▲ 6.1%
2020 · €81,451
Net result
-€83,266▼ 51.9%
2020 · -€54,823
Working capital
-€88,156▼ 340%
2020 · -€20,021
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021
Operating result-€72,859--€94,092▼ 29.1%
Net result-€54,823below the sector's middle half--€83,266below the sector's middle half▼ 51.9%
Equity-€49,823below the sector's middle half--€133,089below the sector's middle half▼ 167%
Total assets€81,451below the sector's middle half-€86,383below the sector's middle half▲ 6.1%
Debt€131,274-€219,472▲ 67.2%
Working capital-€20,021within the sector's middle half--€88,156below the sector's middle half▼ 340%
Solvency-61.2%below the sector's middle half--154.1%below the sector's middle half▼ 92.9pp
Current ratio0.56within the sector's middle half-0.25below the sector's middle half▼ 0.31
Return on assets (ROA)-67.3%below the sector's middle half--96.4%below the sector's middle half▼ 29.1pp
Staff (FTE)1.8below the sector's middle half-2.1below the sector's middle half▲ 16.7%
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 stays negative: a loss of €94,092 in 2021 against €72,859 in 2020; the loss grows.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €86,383
Fixed assets
€57,011 ▲ 2.5%
Current assets
€29,372 ▲ 13.8%
Key figures and ratios
EBITDA
-€84,143▼
2020 · -€67,421
Cash flow
-€73,316▼
2020 · -€49,385
Quick ratio
0.19▼
2020 · 0.49
Debt to equity
-1.65▲
2020 · -1.71
Interest coverage
-16.62
Debt ≤ 1 year
€117,528▲
2020 · €45,836
Debt > 1 year
€101,331▲
2020 · €85,245
Staff costs
€66,982
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €66,982 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,438 | €9,949 | ▲ 83.0% |
| Other operating charges640/8 | - | €1,034 | - |
| Gross operating margin9900 | -€33,257 | -€16,127 | ▲ 51.5% |
| Operating profit (loss)9901 | -€72,859 | -€94,092 | ▼ 29.1% |
| Financial income75/76B | - | €15,888 | - |
| Recurring financial income75 | €356 | €0 | ▼ 99.9% |
| Non-recurring financial income76B | - | €15,888 | - |
| Financial charges65/66B | - | €5,061 | - |
| Recurring financial charges65 | €2,460 | €5,061 | ▲ 106% |
| Profit (loss) for the period before taxes9903 | -€54,823 | -€83,266 | ▼ 51.9% |
| Profit (loss) for the period9904 | -€54,823 | -€83,266 | ▼ 51.9% |
| Profit (loss) for the period to be appropriated9905 | -€54,823 | -€83,266 | ▼ 51.9% |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €81,451 | €86,383 | ▲ 6.1% |
| Fixed assets21/28 | €55,635 | €57,011 | ▲ 2.5% |
| Tangible fixed assets22/27 | €54,135 | €49,961 | ▼ 7.7% |
| Plant, machinery and equipment23 | - | €27,419 | - |
| Furniture and vehicles24 | - | €16,742 | - |
| Other tangible fixed assets26 | - | €5,800 | - |
| Financial fixed assets28 | €1,500 | €7,050 | ▲ 370% |
| Current assets29/58 | €25,816 | €29,372 | ▲ 13.8% |
| Stocks and contracts in progress3 | €3,163 | €6,904 | ▲ 118% |
| Stocks30/36 | - | €6,904 | - |
| Amounts receivable within one year40/41 | €17,966 | €19,000 | ▲ 5.8% |
| Trade receivables40 | - | €8,829 | - |
| Other amounts receivable41 | - | €10,171 | - |
| Cash at bank and in hand54/58 | €291 | €382 | ▲ 31.3% |
| Deferred charges and accrued income490/1 | - | €3,086 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €81,451 | €86,383 | ▲ 6.1% |
| Equity10/15 | -€49,823 | -€133,089 | ▼ 167% |
| Contributions10/11 | - | €5,000 | - |
| Profit (loss) carried forward14 | -€54,823 | -€138,089 | ▼ 152% |
| Amounts payable17/49 | €131,274 | €219,472 | ▲ 67.2% |
| Amounts payable after more than one year17 | €85,245 | €101,331 | ▲ 18.9% |
| Financial debts170/4 | - | €101,331 | - |
| Amounts payable within one year42/48 | €45,836 | €117,528 | ▲ 156% |
| Current portion of amounts payable after more than one year42 | - | €26,411 | - |
| Financial debts43 | - | €5,144 | - |
| Credit institutions430/8 | - | €5,144 | - |
| Trade debts44 | €15,481 | €34,928 | ▲ 126% |
| Suppliers440/4 | - | €34,928 | - |
| Advances received on contracts in progress46 | - | €6,615 | - |
| Taxes, remuneration and social security45 | - | €23,304 | - |
| Taxes450/3 | - | €5,555 | - |
| Remuneration and social security454/9 | - | €17,748 | - |
| Other amounts payable47/48 | - | €21,126 | - |
| Accrued charges and deferred income492/3 | - | €614 | - |
| Line | 2020 | 2021 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€54,823 | -€83,266 | ▼ 51.9% |
| + Depreciation and write-downs630 | €5,438 | €9,949 | ▲ 83.0% |
| Operating cash flow (approximation) | -€49,385 | -€73,316 | ▼ 48.5% |
| Investment in fixed assets (approximation) | - | -€11,325 | - |
| Change in cash | - | €91 | - |
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
2026
26-05
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Gent · event 19-05-2026
2023
24-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 18-04-2023
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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
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.
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 | PHILIPPE VAN LIEFFERINGE BOTERHOEK 3,
9860 OOSTERZELE |
18-04-2023 → 19-05-2026 |
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Of 20,500 companies in sector 56111 we hold annual accounts for 11,464. 2,420 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
Contact
E-mail
shop@mastel.be
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 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.