MASTER CLEANING
ActiveSummary
MASTER CLEANING has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32,517 and a net result of €3,293. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 5046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+19
Solvency27=
Growth48▼-2
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.13 against 1.07 in 2024; short-term debt: 85.8% and cash: 0.1% of total assets), and 97.9% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.1%
Return on assets
0.2%
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 5046 sector peers (2025).
NBB · sector comparisonPosition among 5046 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 30-08-2026, 30 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 · 10 filingsDeviation from the deadline
2025
30 d late
2024
57 d late
2023
31 d late
2022
37 d early
2021
9 d early
2020
72 d late
2019
108 d late
← 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 36 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€2.5m▲ 9.3%
2024 · €2.3m
EBIT margin
0.5%▲ 0.8pp
2024 · -0.3%
Net result
€3,293
2024 · -€17,717
Working capital
€172,528▲ 52.7%
2024 · €112,998
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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
Line20212022202320242025
Turnover€1.6m▼ 4.4%€1.8m▲ 11.7%€3.2m▲ 77.6%€2.3m▼ 27.2%€2.5m▲ 9.3%
Operating result-€6,385▲ 19.9%-€5,930▲ 7.1%€15,841-€6,099€13,257
Net result-€6,642below the sector's middle half-€6,414below the sector's middle half▲ 3.4%€6,626within the sector's middle half-€17,717below the sector's middle half€3,293within the sector's middle half
EBIT margin-0.4%▲ 0.1pp-0.3%▲ 0.1pp0.5%▲ 0.8pp-0.3%▼ 0.8pp0.5%▲ 0.8pp
Equity€46,728below the sector's middle half▼ 3.4%€40,315below the sector's middle half▼ 13.7%€46,941below the sector's middle half▲ 16.4%€29,224below the sector's middle half▼ 37.7%€32,517below the sector's middle half▲ 11.3%
Total assets€1.8mwithin the sector's middle half▲ 13.4%€1.3mwithin the sector's middle half▼ 25.7%€1.7mwithin the sector's middle half▲ 23.9%€1.8mwithin the sector's middle half▲ 5.4%€1.5mwithin the sector's middle half▼ 14.0%
Debt€1.8m▲ 13.9%€1.3m▼ 26.0%€1.6m▲ 24.2%€1.7m▲ 6.7%€1.5m▼ 14.4%
Working capital€64,130below the sector's middle half▼ 24.5%€70,283below the sector's middle half▲ 9.6%€64,734below the sector's middle half▼ 7.9%€112,998within the sector's middle half▲ 74.6%€172,528below the sector's middle half▲ 52.7%
Solvency2.6%below the sector's middle half▼ 0.4pp3.0%below the sector's middle half▲ 0.4pp2.8%below the sector's middle half▼ 0.2pp1.7%below the sector's middle half▼ 1.2pp2.1%below the sector's middle half▲ 0.5pp
Current ratio1.04below the sector's middle half▼ 0.021.06below the sector's middle half▲ 0.021.04below the sector's middle half▼ 0.021.07below the sector's middle half▲ 0.031.13below the sector's middle half▲ 0.06
Return on assets (ROA)-0.4%below the sector's middle half▼ 0.6pp-0.5%below the sector's middle half▼ 0.1pp0.4%within the sector's middle half▲ 0.9pp-1.0%below the sector's middle half▼ 1.4pp0.2%within the sector's middle half▲ 1.2pp
Staff (FTE)3below the sector's middle half=3below the sector's middle half=4within the sector's middle half▲ 33.3%2.9below the sector's middle half▼ 27.5%2.9below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €13,257 after a loss of €6,099 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€43,205 ▼ 1.3%
Current assets
€1.5m ▼ 14.3%
Equity and liabilities €1.5m
Equity
€32,517 ▲ 11.3%
Debt
€1.5m ▼ 14.4%
Debt's share of the balance-sheet total falls from 98.3% to 97.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,463▲
2024 · -€558
Cash flow
€9,499▲
2024 · -€12,176
Quick ratio
0.82▲
2024 · 0.67
Debt to equity
45.56▼
2024 · 59.24
ROE
10.1%▲
2024 · -60.6%
Interest coverage
2.96▲
2024 · -0.13
Debt ≤ 1 year
€1.3m▼
2024 · €1.6m
Debt > 1 year
€182,833▲
2024 · €126,833
Income taxes
€4,110▼
2024 · €7,349
Staff costs
€131,045▲
2024 · €114,453
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,377 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
1.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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%.
| 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 1,377 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.6m | €1.8m | €3.2m | €2.3m | €2.5m | ▲ 9.3% |
| Non-recurring operating income76A | - | - | - | €9,585 | €54 | ▼ 99.4% |
| Goods, raw materials, services and sundry goods60/61 | €1.5m | €1.7m | €3.0m | €2.2m | €2.3m | ▲ 7.2% |
| Remuneration, social security and pensions62 | €94,212 | €93,727 | €166,428 | €114,453 | €131,045 | ▲ 14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,422 | €3,445 | €4,902 | €5,541 | €6,206 | ▲ 12.0% |
| Other operating charges640/8 | €22,497 | €26,442 | €28,426 | €40,551 | €55,100 | ▲ 35.9% |
| Gross operating margin9900 | €111,746 | €117,684 | €215,597 | €154,446 | €205,608 | ▲ 33.1% |
| Operating profit (loss)9901 | -€6,385 | -€5,930 | €15,841 | -€6,099 | €13,257 | ▲ 317% |
| Financial income75/76B | €9,126 | €8,115 | €2,117 | - | €714 | - |
| Recurring financial income75 | €9,126 | €8,115 | €2,117 | - | €714 | - |
| Non-recurring financial income76B | €9,126 | €8,115 | - | - | - | - |
| Financial charges65/66B | €5,905 | €3,532 | €9,360 | €4,269 | €6,568 | ▲ 53.9% |
| Recurring financial charges65 | €5,905 | €3,532 | €4,186 | €4,269 | €6,568 | ▲ 53.9% |
| Non-recurring financial charges66B | - | - | €5,174 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€3,164 | -€1,347 | €8,598 | -€10,368 | €7,403 | ▲ 171% |
| Income taxes67/77 | €3,478 | €5,067 | €1,972 | €7,349 | €4,110 | ▼ 44.1% |
| Profit (loss) for the period9904 | -€6,642 | -€6,414 | €6,626 | -€17,717 | €3,293 | ▲ 119% |
| Profit (loss) for the period to be appropriated9905 | -€6,642 | -€6,414 | €6,626 | -€17,717 | €3,293 | ▲ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.3m | €1.7m | €1.8m | €1.5m | ▼ 14.0% |
| Fixed assets21/28 | €26,431 | €34,587 | €46,762 | €43,781 | €43,205 | ▼ 1.3% |
| Intangible fixed assets21 | - | - | €591 | - | - | - |
| Tangible fixed assets22/27 | €23,092 | €31,248 | €30,832 | €28,442 | €27,866 | ▼ 2.0% |
| Plant, machinery and equipment23 | - | - | €1,339 | €670 | - | - |
| Furniture and vehicles24 | €23,092 | €31,248 | €29,493 | €27,772 | €27,866 | ▲ 0.3% |
| Financial fixed assets28 | €3,339 | €3,339 | €15,339 | €15,339 | €15,339 | = |
| Current assets29/58 | €1.8m | €1.3m | €1.6m | €1.7m | €1.5m | ▼ 14.3% |
| Stocks and contracts in progress3 | €1.2m | €808,883 | €672,681 | €637,960 | €404,850 | ▼ 36.5% |
| Stocks30/36 | €1.2m | €808,883 | €672,681 | €637,960 | €404,850 | ▼ 36.5% |
| Amounts receivable within one year40/41 | €595,507 | €495,965 | €942,701 | €1.1m | €1.0m | ▼ 1.3% |
| Trade receivables40 | €594,855 | €493,156 | €922,465 | €1.1m | €1.0m | ▼ 1.3% |
| Other amounts receivable41 | €652 | €2,809 | €20,236 | €5,864 | €5,905 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €10,109 | €398 | €71 | €846 | €1,969 | ▲ 133% |
| Deferred charges and accrued income490/1 | €7,709 | €7,709 | €7,709 | €18,210 | €18,211 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.3m | €1.7m | €1.8m | €1.5m | ▼ 14.0% |
| Equity10/15 | €46,728 | €40,315 | €46,941 | €29,224 | €32,517 | ▲ 11.3% |
| Contributions10/11 | €17,200 | €17,200 | €17,200 | €17,200 | €17,200 | = |
| Capital10 | €17,200 | €17,200 | €17,200 | €17,200 | €17,200 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | €1,400 | €1,400 | €1,400 | €1,400 | €1,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €27,668 | €21,255 | €27,881 | €10,164 | €13,457 | ▲ 32.4% |
| Amounts payable17/49 | €1.8m | €1.3m | €1.6m | €1.7m | €1.5m | ▼ 14.4% |
| Amounts payable after more than one year17 | €43,833 | €63,833 | €63,833 | €126,833 | €182,833 | ▲ 44.2% |
| Financial debts170/4 | €43,833 | €63,833 | €63,833 | €126,833 | €182,833 | ▲ 44.2% |
| Amounts payable within one year42/48 | €1.7m | €1.2m | €1.6m | €1.6m | €1.3m | ▼ 19.0% |
| Current portion of amounts payable after more than one year42 | €4,812 | €4,812 | €4,812 | €4,812 | €4,812 | = |
| Financial debts43 | - | €21,151 | €31,373 | €3,566 | €28,373 | ▲ 696% |
| Credit institutions430/8 | - | €21,151 | €31,373 | €3,566 | €28,373 | ▲ 696% |
| Trade debts44 | €1.7m | €1.2m | €1.3m | €1.4m | €1.1m | ▼ 21.7% |
| Suppliers440/4 | €1.7m | €1.2m | €1.3m | €1.4m | €1.1m | ▼ 21.7% |
| Taxes, remuneration and social security45 | €4,080 | €9,823 | €96,439 | €67,944 | €103,151 | ▲ 51.8% |
| Taxes450/3 | €1,765 | €343 | €31,837 | €1,265 | €1,524 | ▲ 20.5% |
| Remuneration and social security454/9 | €2,315 | €9,480 | €64,602 | €66,679 | €101,627 | ▲ 52.4% |
| Other amounts payable47/48 | €17,176 | €18,379 | €93,953 | €100,953 | €45,556 | ▼ 54.9% |
| Accrued charges and deferred income492/3 | - | €722 | €722 | €722 | €383 | ▼ 47.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,642 | -€6,414 | €6,626 | -€17,717 | €3,293 | ▲ 119% |
| + Depreciation and write-downs630 | €1,422 | €3,445 | €4,902 | €5,541 | €6,206 | ▲ 12.0% |
| Operating cash flow (approximation) | -€5,220 | -€2,969 | €11,528 | -€12,176 | €9,499 | ▲ 178% |
| Investment in fixed assets (approximation) | - | -€11,601 | -€17,077 | -€2,560 | -€5,630 | ▼ 120% |
| Change in cash | - | -€9,711 | -€327 | €775 | €1,123 | ▲ 44.9% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
2025
31-12
Financial
Back to profitnet €3,293
Net result €3,293 after one loss-making year.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
2024
31-12
Financial
Weakest financial yearnet -€17,717
Net result drops to -€17,717, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Back to profitnet €6,626
Net result €6,626 after 2 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
11-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 72 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 108 days late
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 57 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 56 days late
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 39 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 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
19 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, Anderlecht · 2 establishment units since 2009
Ground area
5,678 m²
Building footprint
2,042 m²
Volume, LiDAR
19,961 m³
2 parcels, Brussels · tallest building 25.7 m, ±7 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Fernand Demetskaai 23, 1070 Anderlecht
since 20092.176.190.347
MASTER CLEANING
since 20232.371.409.577
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0261/00F002 | Brussels | 3,705 m² | 1 · 1,587 m² | 12.5 m · 2 fl. |
| 21304B0083/00V002 | Brussels | 1,973 m² | 1 · 454 m² | 25.7 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.371.409.577
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Of 472 companies in sector 46442 we hold annual accounts for 336. 169 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
Founded08-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46442Wholesale trade
46170Agents in the wholesale of food, beverages and tobacco
47260Retail trade
47621Retail sale of newspapers and periodicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808913385
Registered
29-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.