MASTER CONCEPT

Active

Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 2018active for 8 yearsDokter Zamenhoflaan 10, 1070 Anderlecht, Belgium22 active companies are registered at this addressKBO/BCE: BE 0708.933.210

Summary

MASTER CONCEPT has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €255,321 and a net result of €71,762. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 38% of 252 sector peers (NACE 43, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

MASTER CONCEPTActiveChecked score 92/100

Risk analysis Report Compare

Activity

Other specialised construction activities

NACE 43990

1 site

Size

€620,214total assets 2026

Equity: €255,321
Profit: €71,762

Financial health

92 Excellent Checked score 2026

Bankruptcy probabilitywithin 12 months: 0.2%

Structure

2026 accounts 16 days early2 deeds in the Belgian Official Gazette

Why 92raises riskSector: Specialised construction activities (NACE 43)lowers riskSize: total assets €620,214Liquidity: current ratio 1.50, cash €207,996Figures for financial year 2026 (filed 15-10-2026)Show the evidence

Checked score

Score 2026

92 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 62% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2025

Strong

Solvency 66+4

equity 41.2% of total assets

Liquidity 61-6

short-term debt 58.8% · cash 33.5%

Profitability 83+11

return on assets 11.6%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,639 companies, NACE 43, micro)

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.2%▼ -0.1 percentage points vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.4%▲ +0.1 percentage points vs 08-2025 10-2025: 0.5%▲ +0.1 percentage points vs 09-2025 11-2025: 0.8%▲ +0.3 percentage points vs 10-2025highest value 12-2025: 0.3%▼ -0.5 percentage points vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.2%▼ -0.1 percentage points vs 09-2026lowest value

Credit of up to €23,000 on 30-day terms is acceptable

Liquidity ample (current ratio 1.5, compared with 1.28 in 2025, above the usual 1.5; short-term debt: 58.8% and cash: 33.5% of total assets), but 58.8% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 44% on solvency, 59% on liquidity, 66% on profitability and 79% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Size: total assets €620,214

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 1.50, cash €207,996

NBB · annual accounts

Figures for financial year 2026 (filed 15-10-2026)

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Latest accounts filed on time

The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 15-10-2026, 16 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2026

16 days early

2025

on the day

2024

29 days early

2023

28 days early

2022

48 days early

2021

5 days early

2020

50 days 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 25 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 3 October (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

26-10-2026 today31-03-2027 year end31-10-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

15-10-2026 Annual accounts filedfinancial year 2026 · abbreviated…
31-03-2026 Equity above €200,000equity €255,321 ▲39.1%
31-10-2025 Annual accounts filedfinancial year 2025 · full…

Key points

Positive: Result rose in 2026from €14,499 to €71,762 ▲ 395% View
Positive: Always filed on timeaccounts within the deadline every year 8 years View
Positive: 8 profitable years in a rowprofit 2026: €71,762 8 years View

By topic

Financials

Financial year: 2026
Total assets: €620,214
Profit: €71,762
Solvency: 41.2%

Total assets▲ 23.5%

Net result

20192026

Go to Financials

Timeline

Events: 13
Since: 2019
Next accounts: by 31-10-2027

02-10-2024Annual accounts filed
03-10-2023Annual accounts filed
31-03-2023Equity above €200,000

Go to Timeline

Company details

Sites: 1

Legal form: Coöperatieve vennootschap met beperkte aansprakelijkheid
Activity: Other specialised construction activitiesNACE 43990
Founded: 11-10-2018
Year ends: 31-03
Peppol: Reachable for e-invoices

Go to Company details

Key facts about MASTER CONCEPT

What is the company number of MASTER CONCEPT?: 0708.933.210. In Belgium the VAT number is the company number with BE in front: BE 0708.933.210.
Where is MASTER CONCEPT based?: The registered office is at Dokter Zamenhoflaan 10, 1070 Anderlecht.Company details
What does MASTER CONCEPT do?: According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of MASTER CONCEPT?: Coöperatieve vennootschap met beperkte aansprakelijkheid.
When was MASTER CONCEPT founded?: On 11-10-2018.
Is MASTER CONCEPT still active?: Yes, MASTER CONCEPT is an active enterprise in the KBO register.
What is the turnover of MASTER CONCEPT?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is MASTER CONCEPT profitable?: In financial year 2026, MASTER CONCEPT made a profit of €71,762.
Where can I find the annual accounts of MASTER CONCEPT?: MASTER CONCEPT filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of MASTER CONCEPT due?: By 31-10-2027, for financial year 2027.Timeline