MASTER CONCESSION

Active

Private limited company (pre-2019)founded 199333 yrs activeOdon Warlandlaan 16, 1090 Jette, BelgiumKBO/BCE: BE 0450.708.817

MASTER CONCESSION has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 66% of 18035 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Watch Print / PDF

Checked score

Score 2025

93 / 100

Excellent▲ +56 vs 2024

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

Axes · tick = 2024

Profitability100▲+100

Solvency97▲+77

Growth52▲+30

Stability100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

balance sheet total too small for a liquidity verdict.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Higher-failure-rate region

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

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €2k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 filings

Deviation from the deadline

2025

29 d late

2024

30 d late

2023

10 d late

2022

31 d late

2021

27 d late

2020

87 d late

2019

62 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

€18k▲ 0.7%

2020 · €18k

2018: €24k 2020: €18k

2018 → 2021

EBIT margin

-4.2%▼ 8.6pp

2020 · 4.4%

2018: 8.8% 2020: 4.4%

2018 → 2021

Net result

€2k

2024 · €-2k

2018: €2k 2019: €-964 2020: €730 2021: €-910 2022: €-642 2023: €2k 2024: €-2k

2018 → 2025

Working capital

€2k▲ 1,304%

2024 · €145

2018: €531 2019: €-433 2020: €297 2021: €-614 2022: €-1k 2023: €249 2024: €145

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€18k-

Equity€-564-€-1k▼ 114%€299€194▼ 34.9%€2k▲ 971%

Operating result€-770-€-574▲ 25.5%€2k€-1k€2k

Net result€-910-€-642▲ 29.5%€2k€-2k€2k

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

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €2k after a loss of €1k in 2024, the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €4k

98.7%

Fixed assets €50=

Current assets €4k▲ 103%

Equity and liabilities €4k

53.6%

46.4%

Equity €2k▲ 971%

Debt €2k▲ 3.2%

The debt ratio falls from 90.0% to 46.4%: equity grows faster than debt.

Key figures and ratios

2025 value · change against 2024

Debt

€2k▲

2024 · €2k

Debt ≤ 1 year

€2k▲

2024 · €2k

Ratios withheld: a balance sheet total of €4k is too small for a meaningful ratio.

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€2k€4k▲

Fixed assets21/28€50€50=

Financial fixed assets28€50€50=

Current assets29/58€2k€4k▲

Amounts receivable within one year40/41€543€4k▲

Trade receivables40€543€4k▲

Cash at bank and in hand54/58€1k€175▼

Equity and liabilities

Total equity and liabilities10/49€2k€4k▲

Equity10/15€194€2k▲

Contributions10/11€18k€18k=

Capital10€18k-

Issued capital100€19k-

Uncalled capital101€895-

Profit (loss) carried forward14€-18k€-16k▲

Amounts payable17/49€2k€2k▲

Amounts payable within one year42/48€2k€2k▲

Trade debts44€1k€1k▲

Suppliers440/4€1k€1k▲

Other amounts payable47/48€609€440▼

Income statement Code20242025

Goods, raw materials, services and sundry goods60/61€20k€18k▼

Other operating charges640/8€184-

Gross operating margin9900€-1k€2k▲

Operating profit (loss)9901€-1k€2k▲

Financial income75/76B€37-

Recurring financial income75€37-

Financial charges65/66B€153€161▲

Recurring financial charges65€153€161▲

Profit (loss) for the period before taxes9903€-2k€2k▲

Profit (loss) for the period9904€-2k€2k▲

Profit (loss) for the period to be appropriated9905€-2k€2k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-18k€-16k▲

Profit (loss) brought forward from the previous period14P€-16k€-18k▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

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

2026

29-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 29 days late

2025

31-12

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 30 days late

2024

31-12

Financial Weakest financial yearnet €-2k ▼207%

Net result drops to €-2k, the lowest in the series; recovery starts the following year.

10-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 10 days late

2023

31-12

Financial Back to profitnet €2k

Net result €2k after 2 loss-making years.

31-12

Financial Liquidity times 8current ratio 1.22

Current ratio from 0.14 to 1.22; short-term debt falls from €1k to €1k.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

27-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 27 days late

2021

26-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 87 days late

2020

31-12

Financial Back to profitnet €730

Net result €730 after one loss-making year.

01-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 62 days late

2019

31-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

04-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 4 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 31 days late

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

Directors · office · real estate

Directors

1 act for this company is 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, Jette · 1 establishment unit since 1993

establishment The establishment unit 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.

Odon Warlandlaan 161090 Jette

Ground area

462 m²

Building footprint

251 m²

Volume, LiDAR

2,651 m³

2 parcels, Brussels · tallest building 16.5 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

MASTER CONCESSION SPRL

de Levis Mirepoixlaan 152, 1090 JetteNACE 5010101

since 19932.063.463.479

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21464D0164/00Y003	Brussels	320 m²	1 · 174 m²	16.0 m · 3 fl.
21464D0164/00X003	Brussels	142 m²	1 · 77 m²	16.5 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Saint-Ghislain · Eq €3k

Of 907 companies in sector 47793 we hold annual accounts for 160. 39 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded12-08-1993

Fiscal year end31-12

Activities, NACEBEL

47793Retail sale of other second-hand goods, excluding clothing

Sources

Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.