MASTER AND CO

Active

Private limited companyfounded 20224 yrs activeUniestraat 37, 1210 Sint-Joost-ten-Node, BelgiumKBO/BCE: BE 0780.713.111

The computed 12-month bankruptcy probability of MASTER AND CO is 6.4% (elevated). The 2025 annual accounts show negative equity (€-25k) and a net result of €-47k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 18024 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

12 / 100

Critical▲ +5 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability33▲+27

Solvency45▲+24

Growth53▼-15

Stability94

Bankruptcy probability, 12 months

6.4% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.02 against 1.18 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-6.6%

Return on assets

-12.4%

Age of the figures

9 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

22232425

2022 to 2025 · latest year -€25k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

11 d late

2024

6 d late

2023

14 d early

2022

225 d late

← before the deadline after the deadline →

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 months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€256k▼ 18.6%

2024 · €314k

2022: €155k 2023: €253k 2024: €314k

2022 → 2025

EBIT margin

-18.0%▼ 16.9pp

2024 · -1.2%

2022: 6.5% 2023: 6.2% 2024: -1.2%

2022 → 2025

Net result

€-47k▼ 993%

2024 · €-4k

2022: €8k 2023: €12k 2024: €-4k

2022 → 2025

Working capital

€6k▼ 81.8%

2024 · €35k

2022: €17k 2023: €39k 2024: €35k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Turnover€155k-€253k▲ 63.9%€314k▲ 24.1%€256k▼ 18.6%

Equity€8k-€26k▲ 228%€22k▼ 16.5%€-25k

Operating result€10k-€16k▲ 56.9%€-4k€-46k▼ 1,160%

Net result€8k-€12k▲ 51.8%€-4k€-47k▼ 993%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €46k in 2025 against €4k in 2024; the loss grows and 2025 is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €378k

98.9%

Fixed assets €4k▼ 30.4%

Current assets €374k▲ 62.5%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-44k▼

2024 · €-2k

Cash flow

€-45k▼

2024 · €-3k

Solvency

-6.6%▼

2024 · 9.2%

Current ratio

1.02▼

2024 · 1.18

Quick ratio

0.03▼

2024 · 0.07

Debt / equity

-16.04▼

2024 · 9.91

ROE

186.0%▲

2024 · -19.8%

ROA

-12.4%▼

2024 · -1.8%

Interest coverage

-75.80▼

2024 · -4.97

Debt

€403k▲

2024 · €214k

Debt ≤ 1 year

€368k▲

2024 · €195k

Debt > 1 year

€35k▲

2024 · €19k

Staff costs

€2k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€236k€378k▲

Fixed assets21/28€6k€4k▼

Tangible fixed assets22/27€6k€4k▼

Furniture and vehicles24€6k€4k▼

Financial fixed assets28-€200

Current assets29/58€230k€374k▲

Stocks and contracts in progress3€217k€362k▲

Stocks30/36€217k€362k▲

Amounts receivable within one year40/41€12k€11k▼

Trade receivables40€12k€7k▼

Other amounts receivable41-€5k

Cash at bank and in hand54/58€2k€129▼

Deferred charges and accrued income490/1-€142

Equity and liabilities

Total equity and liabilities10/49€236k€378k▲

Equity10/15€22k€-25k▼

Contributions10/11€6k€6k=

Profit (loss) carried forward14€16k€-31k▼

Amounts payable17/49€214k€403k▲

Amounts payable after more than one year17€19k€35k▲

Other amounts payable178/9€19k€35k▲

Amounts payable within one year42/48€195k€368k▲

Trade debts44€184k€352k▲

Suppliers440/4€184k€352k▲

Taxes, remuneration and social security45€11k€15k▲

Taxes450/3€5k€15k▲

Remuneration and social security454/9€6k€13▼

Income statement Code20242025

Turnover70€314k€256k▼

Goods, raw materials, services and sundry goods60/61€331k€297k▼

Remuneration, social security and pensions62-€2k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲

Other operating charges640/8€567€1k▲

Gross operating margin9900€-1k€-41k▼

Operating profit (loss)9901€-4k€-46k▼

Financial charges65/66B€409€583▲

Recurring financial charges65€409€583▲

Profit (loss) for the period before taxes9903€-4k€-47k▼

Income taxes67/77€202-

Profit (loss) for the period9904€-4k€-47k▼

Profit (loss) for the period to be appropriated9905€-4k€-47k▼

Appropriation of the result

Profit (loss) to be appropriated9906€16k€-31k▼

Profit (loss) brought forward from the previous period14P€20k€16k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 11 days late

2025

31-12

Financial Weakest financial yearnet €-47k

Net result drops to €-47k, the lowest in the series.

06-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 6 days late

2024

17-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

12-03

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 225 days late

2023

31-12

Financial Highest result since 2022net €12k ▲51.8%

Operating result €16k, net result €12k, both a record.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Sint-Joost-ten-Node · 3 establishment units since 2022

establishment All 3 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Uniestraat 371210 Sint-Joost-ten-Node

Ground area

636 m²

Building footprint

562 m²

Volume, LiDAR

5,643 m³

4 parcels, Brussels · tallest building 20.8 m, ±5 floors. Linked by address, not a title deed.

3 establishment units

MASTER AND CO

Brogniezstraat 93, 1070 AnderlechtWholesale of electrical household appliances and audio-video equipment

since 20222.327.971.393

EURO SHOP

Brogniezstraat 72, 1070 AnderlechtWholesale of electrical household appliances and audio-video equipment

since 20222.332.127.250

master and co 3

Brogniezstraat 70/72, 1070 AnderlechtWholesale of electrical household appliances and audio-video equipment

since 20252.378.063.084

4 parcels

Brussels 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21305B0209/00M022	Brussels	178 m²	1 · 176 m²	16.7 m · 1 fl.
21305B0204/00F037	Brussels	177 m²	1 · 177 m²	19.8 m · 2 fl.
21572B0580/00G010	Brussels	148 m²	1 · 76 m²	16.8 m · 5 fl.
21305B0204/00E012	Brussels	132 m²	1 · 133 m²	20.8 m · 3 fl.