Summary
Master Chips Management is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €37,807 and a net result of €33,977. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 33% of 8094 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
6 d early
2024
6 d early
2023
7 d early
2022
13 d early
2021
36 d early
2020
42 d early
2019
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 24 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€37,807=
2024 · €37,807
Net result
€33,977▲ 149%
2024 · €13,663
Total assets
€122,943▼ 33.6%
2024 · €185,087
Solvency
30.8%▲ 10.3pp
2024 · 20.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€16,495▼ 12.4%€26,939▲ 63.3%€31,686▲ 17.6%€19,517▼ 38.4%€43,793▲ 124%
Net result€10,131within the sector's middle half▼ 20.3%€17,375within the sector's middle half▲ 71.5%-€40,382below the sector's middle half€13,663within the sector's middle half€33,977within the sector's middle half▲ 149%
Equity€47,151below the sector's middle half▲ 27.4%€64,526below the sector's middle half▲ 36.9%€24,144below the sector's middle half▼ 62.6%€37,807below the sector's middle half▲ 56.6%€37,807within the sector's middle half=
Total assets€195,131below the sector's middle half▲ 17.5%€222,741below the sector's middle half▲ 14.1%€200,912below the sector's middle half▼ 9.8%€185,087below the sector's middle half▼ 7.9%€122,943below the sector's middle half▼ 33.6%
Debt€147,980▲ 14.7%€158,215▲ 6.9%€176,767▲ 11.7%€147,279▼ 16.7%€85,136▼ 42.2%
Working capital-€136,867within the sector's middle half▼ 41.8%-€153,175within the sector's middle half▼ 11.9%€1,995within the sector's middle half€18,806within the sector's middle half▲ 843%€18,004within the sector's middle half▼ 4.3%
Solvency24.2%within the sector's middle half▲ 1.9pp29.0%within the sector's middle half▲ 4.8pp12.0%below the sector's middle half▼ 17.0pp20.4%below the sector's middle half▲ 8.4pp30.8%within the sector's middle half▲ 10.3pp
Current ratio0.04below the sector's middle half▼ 0.030.03below the sector's middle half▼ 0.011.02within the sector's middle half▲ 0.991.17within the sector's middle half▲ 0.151.28within the sector's middle half▲ 0.11
Return on assets (ROA)5.2%within the sector's middle half▼ 2.5pp7.8%within the sector's middle half▲ 2.6pp-20.1%below the sector's middle half▼ 27.9pp7.4%within the sector's middle half▲ 27.5pp27.6%above the sector's middle half▲ 20.3pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
The operating result recovers in 2025; 2025 is 124% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122,943
Fixed assets
€41,124 ▼ 23.6%
Current assets
€81,819 ▼ 37.7%
Equity and liabilities €122,943
Equity
€37,807 =
Debt
€85,136 ▼ 42.2%
Debt's share of the balance-sheet total falls from 79.6% to 69.2%. Debt is lower.
Key figures and ratios
ROE
89.9%▲
2024 · 36.1%
Debt ≤ 1 year
€63,816▼
2024 · €112,465
Debt > 1 year
€21,320▼
2024 · €34,814
Income taxes
€9,536▲
2024 · €4,823
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €249 | €4,081 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €888 | €2,225 | €9,306 | €16,093 | €15,998 | ▼ 0.6% |
| Other operating charges640/8 | - | €0 | €725 | €315 | €261 | ▼ 17.3% |
| Gross operating margin9900 | €17,874 | €29,164 | €41,716 | €35,925 | €60,051 | ▲ 67.2% |
| Operating profit (loss)9901 | €16,495 | €26,939 | €31,686 | €19,517 | €43,793 | ▲ 124% |
| Financial income75/76B | - | €5 | €1,272 | €1,801 | €1,672 | ▼ 7.2% |
| Recurring financial income75 | €15 | €5 | €1,272 | €1,801 | €1,672 | ▼ 7.2% |
| Financial charges65/66B | - | €1,115 | €66,611 | €2,832 | €1,952 | ▼ 31.1% |
| Recurring financial charges65 | €1,595 | €1,115 | €66,611 | €2,832 | €1,952 | ▼ 31.1% |
| Profit (loss) for the period before taxes9903 | €14,916 | €25,828 | -€33,653 | €18,486 | €43,512 | ▲ 135% |
| Income taxes67/77 | €4,785 | €8,453 | €6,729 | €4,823 | €9,536 | ▲ 97.7% |
| Profit (loss) for the period9904 | €10,131 | €17,375 | -€40,382 | €13,663 | €33,977 | ▲ 149% |
| Profit (loss) for the period to be appropriated9905 | €10,131 | €17,375 | -€40,382 | €13,663 | €33,977 | ▲ 149% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €195,131 | €222,741 | €200,912 | €185,087 | €122,943 | ▼ 33.6% |
| Fixed assets21/28 | €189,684 | €218,150 | €69,909 | €53,816 | €41,124 | ▼ 23.6% |
| Tangible fixed assets22/27 | €5,808 | €13,556 | €69,909 | €53,816 | €41,124 | ▼ 23.6% |
| Plant, machinery and equipment23 | - | €134 | €0 | - | €3,234 | - |
| Furniture and vehicles24 | - | €13,421 | €69,909 | €53,816 | €37,890 | ▼ 29.6% |
| Financial fixed assets28 | €183,875 | €204,595 | €0 | - | - | - |
| Current assets29/58 | €5,448 | €4,591 | €131,003 | €131,271 | €81,819 | ▼ 37.7% |
| Amounts receivable after more than one year29 | - | - | €91,272 | €90,000 | €45,000 | ▼ 50.0% |
| Trade receivables290 | - | - | €91,272 | €90,000 | €45,000 | ▼ 50.0% |
| Amounts receivable within one year40/41 | €215 | €27 | €10,451 | €12,357 | €12,548 | ▲ 1.5% |
| Trade receivables40 | - | - | €9,680 | €9,680 | €9,680 | = |
| Other amounts receivable41 | - | €27 | €771 | €2,677 | €2,868 | ▲ 7.2% |
| Cash at bank and in hand54/58 | €4,082 | €3,265 | €27,976 | €25,839 | €21,053 | ▼ 18.5% |
| Deferred charges and accrued income490/1 | - | €1,299 | €1,303 | €3,076 | €3,218 | ▲ 4.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €195,131 | €222,741 | €200,912 | €185,087 | €122,943 | ▼ 33.6% |
| Equity10/15 | €47,151 | €64,526 | €24,144 | €37,807 | €37,807 | = |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €28,551 | €45,926 | €45,926 | €19,207 | €19,207 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €44,066 | €44,066 | €19,207 | €19,207 | = |
| Profit (loss) carried forward14 | - | - | -€40,382 | €0 | €0 | - |
| Amounts payable17/49 | €147,980 | €158,215 | €176,767 | €147,279 | €85,136 | ▼ 42.2% |
| Amounts payable after more than one year17 | €5,217 | €0 | €47,759 | €34,814 | €21,320 | ▼ 38.8% |
| Financial debts170/4 | - | €0 | €47,759 | €34,814 | €21,320 | ▼ 38.8% |
| Amounts payable within one year42/48 | €142,314 | €157,766 | €129,008 | €112,465 | €63,816 | ▼ 43.3% |
| Current portion of amounts payable after more than one year42 | - | €5,217 | €12,419 | €12,945 | €13,494 | ▲ 4.2% |
| Trade debts44 | €5,413 | €2,413 | €3,644 | €897 | €491 | ▼ 45.2% |
| Suppliers440/4 | - | €2,413 | €3,644 | €897 | €491 | ▼ 45.2% |
| Taxes, remuneration and social security45 | - | €8,664 | €7,828 | €6,768 | €6,917 | ▲ 2.2% |
| Taxes450/3 | - | €3,832 | €5,753 | €4,693 | €4,842 | ▲ 3.2% |
| Remuneration and social security454/9 | - | €4,831 | €2,075 | €2,075 | €2,075 | = |
| Other amounts payable47/48 | - | €141,472 | €105,117 | €91,855 | €42,913 | ▼ 53.3% |
| Accrued charges and deferred income492/3 | - | €449 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,131 | €17,375 | -€40,382 | €13,663 | €33,977 | ▲ 149% |
| + Depreciation and write-downs630 | €888 | €2,225 | €9,306 | €16,093 | €15,998 | ▼ 0.6% |
| Operating cash flow (approximation) | €11,019 | €19,600 | -€31,076 | €29,756 | €49,974 | ▲ 67.9% |
| Investment in fixed assets (approximation) | - | -€30,692 | €138,936 | €0 | -€3,306 | - |
| Change in cash | - | -€816 | €24,711 | -€2,137 | -€4,786 | ▼ 124% |
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
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €33,977 ▲149%
Operating result €43,793, net result €33,977, both a record.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Back to profitnet €13,663
Net result €13,663 after one loss-making year.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Weakest financial yearnet -€40,382
Net result drops to -€40,382, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 35current ratio 1.02
Current ratio from 0.03 to 1.02; short-term debt falls from €157,766 to €129,008.
17-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Pajottegem · 1 establishment unit since 2017
Ground area
1,241 m²
Building footprint
186 m²
Volume, LiDAR
1,061 m³
Parcel 23090C0636/00S000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Master Chips Management
since 20172.270.109.806
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23090C0636/00S000 | Flanders | 1,241 m² | 1 · 186 m² | 8.0 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2022 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the annual accounts to 30-09-2022 of Master Chips Management and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,800. 9,525 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-11-2017
Fiscal year end30-09
Abbreviation NL
MCM
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
82100Office administrative and support services
82990Other business support services
Contact
E-mail
peter.neirynck@masterchips.bePajottegem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0684618971
Also
9925:BE0684618971
Registered
19-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.