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MASTER 33

Active
Private limited companyfounded 2004active for 22 yearsVictor Allardstraat 79, 1180 Ukkel, BelgiumKBO/BCE: BE 0866.543.164
Summary

The computed 12-month bankruptcy probability of MASTER 33 is 3.8% (moderate). The 2025 annual accounts show equity of €62,438 and a net result of €10,858, of which €5,919 non-recurring income. Equity has been growing by about 9.1% per year since 2018. Its solvency ranks better than 48% of 9,394 sector peers (NACE 41, financial year 2025). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 27-07-2004 Normal situation
Activity
General construction of residential buildings NACE 41001
Establishment unit
2.139.434.473 1180 Ukkel, since 27-07-2004
Financial year end
31 December
Peppol
Reachable since 21-10-2026

Board and ownership

Board
  • Palamarchuk Aleksandr ViktorovitchDirector · since 20-07-2004

Financial position

48 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.8%
Annual accounts 2025
Gross margin
€13,392
Turnover
≈ €160,000
estimated
Profit
€10,858
Equity
€62,438
▼ 60.1%
Total assets
€150,748
▼ 24.8%
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 1.701 of the last 3 accounts lateSector: Construction of residential and non-residential buildings (NACE 41)Show the evidence

Checked score

Score 2025
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 38% of micro companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Strong
Solvency 66-34
equity 41.4% of total assets
Liquidity 39-54
short-term debt 58.6%
Profitability 78+59
return on assets 7.2%
Bankruptcy probability within 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,452 companies, NACE 41, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.6%▲ +0.4 percentage points vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 1.0%▲ +0.3 percentage points vs 07-2025 09-2025: 1.0%● unchanged vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 3.8%▲ +2.8 percentage points vs 02-2026 04-2026: 3.8%● unchanged vs 03-2026 05-2026: 3.8%● unchanged vs 04-2026 06-2026: 3.8%● unchanged vs 05-2026 07-2026: 3.8%● unchanged vs 06-2026 08-2026: 3.8%● unchanged vs 07-2026 09-2026: 3.8%● unchanged vs 08-2026 10-2026: 3.8%● unchanged vs 09-2026highest value 11-2026: 3.8%● unchanged vs 10-2026highest value
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.7 (4.5 in 2024), above the usual 1.5. Short-term debt is 58.6% of total assets. However, 58.6% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 (NACE 41, micro). It does better than 49% of them on solvency, 36% on liquidity, 57% on profitability and 9% on growth.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
raises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 1.70
NBB · annual accounts
raises risk · 1 of the last 3 accounts late
NBB · filings
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
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 04-02-2026, 177 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
177 days early
2024
59 days late
2023
77 days early
2022
42 days early
2021
87 days early
2020
134 days early
2019
12 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 64 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 May (4 of the last 5 accounts filed within 101 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Equity fell in 2025from €156,581 to €62,438 ▼ 60.1% View

Recent changes

  1. · Gazette deed Registered office moved from Molenbeek-Saint-Jean to Uccle
  2. · Gazette deed Incorporation
All 18 events

Comparable companies

These companies have the same main activity as MASTER 33: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €119,000 and €172,000, founded between 2004 and 2006.

CompanyTotal assetsGross margin
MASTER 33 Ukkel€150,748€13,392
EGR Partnership Watermaal-Bosvoorde€143,329€14,279
ARTINIS Jette€136,958€11,610
DECOTECH COMPANY Evere€140,650€15,170
E.G.I. Etterbeek€119,241€14,073
DESCHEEMAEKER BOUW Izegem€153,132€12,604
DONNAY CONSTRUCTION Verviers€172,050€12,473
Full comparison

Key facts about MASTER 33

What is the company number of MASTER 33?
The company number of MASTER 33 is 0866.543.164. The VAT number is the same number with BE in front: BE 0866.543.164.
Where is MASTER 33 based?
The registered office is at Victor Allardstraat 79, 1180 Ukkel.Company details
What does MASTER 33 do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of MASTER 33?
The legal form of MASTER 33 is Private limited company (BV).
When was MASTER 33 founded?
MASTER 33 was founded on 27-07-2004.
Is MASTER 33 still active?
Yes, MASTER 33 is an active enterprise in the KBO register.
What is the turnover of MASTER 33?
The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €13,392 and 266 comparable companies (NACE 41001). It probably lies between €85,000 and €300,000. It is a rough estimate.Financials
Is MASTER 33 profitable?
In financial year 2025, MASTER 33 made a profit of €10,858.
Where can I find the annual accounts of MASTER 33?
MASTER 33 filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MASTER 33 due?
MASTER 33 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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