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MASTER AUTO

Active
Private limited companyfounded 20215 yrs activeAssesteenweg 116, 1740 Ternat, BelgiumKBO/BCE: BE 0765.491.336
Summary

The computed 12-month bankruptcy probability of MASTER AUTO is 2.2% (moderate). The 2025 annual accounts show negative equity (-€7,414) and a net result of €19,038. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 10519 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency2▲+2
Growth58=
Track record94
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.81 against 0.29 in 2024; short-term debt: 122.8% and cash: 100% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 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
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · 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
-22.8%
Return on assets
58.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 10519 sector peers (2025).
NBB · sector comparison
Position among 10519 sector peers
Solvency
better than 9%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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
13 d late
2024
144 d late
2023
121 d late
2022
58 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 84 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

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. Usually files around 29 October (3 of the last 4 filed years within 54 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 22 March 2021, MASTER AUTO was incorporated as a Private limited company.1 Total assets went from EUR 3,373 in 2022 to EUR 32,533 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€7,414▲ 72.0%
2024 · -€26,452
Total assets
€32,533▲ 199%
2024 · €10,895
Net result
€19,038
2024 · -€3,737
Working capital
-€7,414▲ 72.0%
2024 · -€26,452
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result-€6,600--€18,732▼ 184%-€3,125▲ 83.3%€19,367
Net result-€6,621below the sector's middle half--€18,894below the sector's middle half▼ 185%-€3,737within the sector's middle half▲ 80.2%€19,038within the sector's middle half
Equity-€3,821below the sector's middle half--€22,715below the sector's middle half▼ 494%-€26,452below the sector's middle half▼ 16.5%-€7,414below the sector's middle half▲ 72.0%
Total assets€3,373below the sector's middle half-€6,726below the sector's middle half▲ 99.4%€10,895below the sector's middle half▲ 62.0%€32,533below the sector's middle half▲ 199%
Debt€7,194-€29,441▲ 309%€37,347▲ 26.9%€39,948▲ 7.0%
Working capital-€3,821within the sector's middle half--€22,715below the sector's middle half▼ 494%-€26,452below the sector's middle half▼ 16.5%-€7,414below the sector's middle half▲ 72.0%
Solvency-337.7%below the sector's middle half-242.8%below the sector's middle half▲ 94.9pp-22.8%below the sector's middle half▲ 220.0pp
Current ratio0.23below the sector's middle half0.29below the sector's middle half▲ 0.060.81below the sector's middle half▲ 0.52
Return on assets (ROA)-280.9%below the sector's middle half-34.3%below the sector's middle half▲ 246.6pp58.5%above the sector's middle half▲ 92.8pp
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2022: -€6,600-€6,600Net result 2022: -€6,621-€6,621Operating result 2023: -€18,732-€18,732Net result 2023: -€18,894-€18,894Operating result 2024: -€3,125-€3,125Net result 2024: -€3,737-€3,737Operating result 2025: €19,367€19,367Net result 2025: €19,038€19,0382022202320242025-€20,000-€10,000€0€10,000€20,000Operating result 2023: -€18,732-€18,700Net result 2023: -€18,894-€18,900Operating result 2024: -€3,125-€3,130Net result 2024: -€3,737-€3,740Operating result 2025: €19,367€19,400Net result 2025: €19,038€19,000202320242025
The operating result returns to profit in 2025: €19,367 after a loss of €3,125 in 2024, the highest result in the available series.
Key figures and ratios
2025 value · change against 2024
Debt to equity
-5.39▼
2024 · -1.41
Debt ≤ 1 year
€39,948▲
2024 · €37,347
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,178 companies that looked in July 2024 the way this one looks now, 4.3% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
4.3% went bankrupt
5.6% stopped otherwise
89% still going

A further 1.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,178 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet Code20242025
Assets
Total assets20/58€10,895€32,533▲
Current assets29/58€10,895€32,533▲
Cash at bank and in hand54/58€10,895€32,533▲
Equity and liabilities
Total equity and liabilities10/49€10,895€32,533▲
Equity10/15-€26,452-€7,414▲
Contributions10/11€2,800€2,800=
Capital10€2,800€2,800=
Issued capital100€2,800€2,800=
Profit (loss) carried forward14-€29,252-€10,214▲
Amounts payable17/49€37,347€39,948▲
Amounts payable within one year42/48€37,347€39,948▲
Trade debts44-€3,351
Suppliers440/4-€3,351
Taxes, remuneration and social security45€12,791€12,041▼
Taxes450/3€1,315€1,014▼
Remuneration and social security454/9€11,476€11,027▼
Other amounts payable47/48€24,556€24,556=
Income statement Code20242025
Remuneration, social security and pensions62€33,438-
Other operating charges640/8€717€1,412▲
Gross operating margin9900€31,030€20,779▼
Operating profit (loss)9901-€3,125€19,367▲
Financial charges65/66B€612€329▼
Recurring financial charges65€612€329▼
Profit (loss) for the period before taxes9903-€3,737€19,038▲
Profit (loss) for the period9904-€3,737€19,038▲
Profit (loss) for the period to be appropriated9905-€3,737€19,038▲
Appropriation of the result
Profit (loss) to be appropriated9906-€29,252-€10,214▲
Profit (loss) brought forward from the previous period14P-€25,515-€29,252▼
Line2022202320242025Change
Remuneration, social security and pensions62€28,158€35,362€33,438--
Other operating charges640/8€363€117€717€1,412▲ 96.9%
Gross operating margin9900€21,921€16,747€31,030€20,779▼ 33.0%
Operating profit (loss)9901-€6,600-€18,732-€3,125€19,367▲ 720%
Financial charges65/66B€21€162€612€329▼ 46.2%
Recurring financial charges65€21€162€612€329▼ 46.2%
Profit (loss) for the period before taxes9903-€6,621-€18,894-€3,737€19,038▲ 609%
Profit (loss) for the period9904-€6,621-€18,894-€3,737€19,038▲ 609%
Profit (loss) for the period to be appropriated9905-€6,621-€18,894-€3,737€19,038▲ 609%
Line2022202320242025Change
Assets
Total assets20/58€3,373€6,726€10,895€32,533▲ 199%
Current assets29/58€3,373€6,726€10,895€32,533▲ 199%
Cash at bank and in hand54/58€3,373€6,726€10,895€32,533▲ 199%
Equity and liabilities
Total equity and liabilities10/49€3,373€6,726€10,895€32,533▲ 199%
Equity10/15-€3,821-€22,715-€26,452-€7,414▲ 72.0%
Contributions10/11€2,800€2,800€2,800€2,800=
Capital10€2,800€2,800€2,800€2,800=
Issued capital100€2,800€2,800€2,800€2,800=
Profit (loss) carried forward14-€6,621-€25,515-€29,252-€10,214▲ 65.1%
Amounts payable17/49€7,194€29,441€37,347€39,948▲ 7.0%
Amounts payable within one year42/48€7,194€29,441€37,347€39,948▲ 7.0%
Trade debts44---€3,351-
Suppliers440/4---€3,351-
Taxes, remuneration and social security45€2,996€9,808€12,791€12,041▼ 5.9%
Taxes450/3€722€1,153€1,315€1,014▼ 22.9%
Remuneration and social security454/9€2,274€8,655€11,476€11,027▼ 3.9%
Other amounts payable47/48€4,198€19,633€24,556€24,556=
Line2022202320242025Change
Profit (loss) for the period9904-€6,621-€18,894-€3,737€19,038▲ 609%
Operating cash flow (approximation)-€6,621-€18,894-€3,737€19,038▲ 609%
Change in cash-€3,353€4,169€21,638▲ 419%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
31-12
Financial Back to profitnet €19,038
Net result €19,038 after 3 loss-making years.
22-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 144 days late
2024
29-11
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 121 days late
2023
31-12
Financial Weakest financial yearnet -€18,894
Net result drops to -€18,894, the lowest in the series; recovery starts the following year.
27-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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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, Ternat · 1 establishment unit since 2021
seat establishment approximate The establishment unit on the map
Ground area
82 m²
Building footprint
59 m²
Volume, LiDAR
495 m³
Parcel 23086A0354/00K002, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MASTER AUTO
Assesteenweg 116, 1740 TernatNACE 45111
since 20212.321.341.840
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23086A0354/00K002 Flanders 82 m² 1 · 58 m² 10.3 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 10,664 companies in sector 47811 we hold annual accounts for 5,226. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded22-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID 0208:0765491336
Registered 07-02-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.