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MASTER-A

Active Private limited companyfounded 2014active for 12 yearsStefaniastraat 45, 1020 BrusselsKBO/BCE: BE 0545.725.067
MASTER-A
Financial year 2025
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Annual accounts 2025

micro format, filed on 31-07-2026, on the day of the deadline
€169,937
-€10,640
▼ €36,619
-
-
-7.6%
▼ 10.5 percentage points
0.93
▼ 0.10

Money flows

of every €100 of turnover, €6.83 was lost in 2025

Balance sheet

balance sheet total €111,867 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-7.6%

Higher than 19% of 22,924 companies in 2025.

0.93

Higher than 28% of 22,052 companies in 2025.

-10.4%

Higher than 17% of 22,202 companies in 2025.

MASTER-A Middle half of the sector 80% of the sector Micro accounts in retail trade (NACE 47)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017
Balance sheet: assets
20/58 111,867108,448105,844103,09381,44379,86759,39539,59033,771
29/58 111,867108,448105,844103,09381,44379,86759,39539,59033,771
3 69,00069,00075,00075,00075,00075,00055,86736,35030,000
30/36 69,00069,00075,00075,00075,00075,00055,86736,35030,000
40/41 36,73237,10325,35527,3464,1903,6561,6381,6301,203
40 32,87932,87920,00022,500-----
41 3,8544,2255,3554,8464,1903,6561,6381,6301,203
54/58 6,1352,3445,4897482,2531,2111,8901,6102,568
Balance sheet: equity and liabilities
10/49 111,867108,448105,844103,09381,44379,86759,39539,59033,771
10/15 -8,5373,074-22,905-26,708-27,033-16,078-7,847-9,09511,039
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,600
10 -18,60018,60018,60018,600----
100 -18,60018,60018,60018,60018,60018,60018,60018,600
14 -27,137-15,526-41,505-45,308-45,633-34,678-26,447-27,695-7,561
17/49 120,404105,373128,749129,802108,47695,94567,24248,68522,732
42/48 120,404105,373128,749129,802108,47695,94567,24248,68522,732
44 18,4449043731,3264883,4579,23748,60322,732
440/4 18,4449043731,3264883,4579,23748,60322,732
45 -2,6002,5772,5777,0772,5771,927--
454/9 -2,6002,5772,5777,0772,5771,927--
47/48 101,960101,870125,799125,899100,91189,91156,07882-
Income statement
70 169,937--44,825-----
9900 -10,34966,49548,97345,14917,32229,70440,87221,57530,978
60/61 180,286--------
640/8 29140,51645,17044,82528,27737,93539,62341,70938,540
9901 -10,64025,9793,803325-10,955-8,2311,248-20,134-7,561
65/66B 971--------
65 971--------
9903 -11,61125,9793,803325-10,955-8,2311,248-20,134-7,561
9904 -11,61125,9793,803325-10,955-8,2311,248-20,134-7,561
9905 -11,61125,9793,803325-10,955-8,2311,248-20,134-7,561
Appropriation of the result
9906 -27,137-15,526-41,505-45,308-45,633-34,678-26,447-27,695-7,561
14P -15,526-41,505-45,308-45,633-34,678----
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The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 31-07-2026 2026-00383694 PDF
31-12-2024 micro format 27-07-2025 2025-00343707 PDF
31-12-2023 micro format 03-09-2024 2024-00449008 PDF
31-12-2022 micro format 27-08-2023 2023-00371950 PDF
31-12-2021 micro format 31-08-2022 2022-20407735 PDF
31-12-2020 micro format 30-08-2021 2021-56000018 PDF
31-12-2019 micro format 15-10-2020 2020-61500301 PDF
31-12-2018 micro format 30-08-2019 2019-57100015 PDF
31-12-2017 micro format 03-08-2018 2018-43700056 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017
3,791-3,1454,742-1,5061,042-679280-958-
-8,5373,074-22,905-26,708-27,033-16,078-7,847-9,09511,039
-6.3%--0.7%-----
-7.6%2.8%-21.6%-25.9%-33.2%-20.1%-13.2%-23.0%32.7%
0.931.030.820.790.750.830.880.811.49
0.360.370.240.220.060.050.050.070.17
-34.27------2.06
-845.0%-------68.5%
-10.4%24.0%3.6%0.3%-13.5%-10.3%2.1%-50.9%-22.4%
71 days--183 days-----
37 days--------

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on MASTER-A

The operating result for 2025 is a loss of €10,640, after a profit of €25,979 in 2024. It is the lowest result since 2021.

Equity is negative. Debt (€120,404) exceeds the balance-sheet total (€111,867).

Next steps

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