Equity
€10,380 from €50,598 in 2023
Equity fell by 79% in 2 years.
MASTER CRAFT
Lifetime
18 annual accounts with figures on one time axispeak €48,866 (2023)
€19,803▲ €21,379
lowest -€20,901 (2025)
-€20,901▼ €1,584
peak €50,598 (2023)
€10,380▼ 66.8%
€120,353▲ 91.6%
Board2 names since 2020
1 directorSTEPIEN Pawel Jan
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from -€1,576 to €19,803Loss of €20,901Equity from €31,282 to €10,380Debts from €62,806 to €120,353Investments €64,165Cash from €48,757 to €64,883
Key points
from the 2025 annual accountsLosses
-€40,218 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€120,353 92% of the balance sheet
Financial debts 62%Suppliers 9%Taxes and wages 0%Other 29%
Of this, €45,641 falls due within a year.
Investments
€62,665 2.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 83.1% higher than in 2024.
Filings
18 annual accounts since 2008
The last five annual accounts were filed 0 to 36 days before the end of the period.
Position in the sector
-€20,901
Lower net result than 94% of companies in building services and landscaping. Sector median €9,343 · 5,724 companies.
Checked score
54
Fair
Financially stronger than 30% of micro companies in building services and landscaping (NACE 81)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 7,710 companies (NACE 81, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025lowest value
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: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.7%● unchanged vs 08-2026highest value
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €20,901, the second in a row (financial year 2025)
Sector: Services to buildings and landscape activities (NACE 81)
Equity €10,380 (7.9% of total assets)
lowers risk
Size: total assets €130,734
Calculation
The band follows from the bankruptcy probability. 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 81, micro). It does better than 16% of them on solvency, 86% on liquidity, 13% on profitability and 7% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 642 companies had the same profile as MASTER CRAFT has now. Each dot stands for 2 companies, two years later.
89.9%
were still trading
5.5%
stopped another way
3.6%
went bankrupt
Another 1.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MASTER CRAFT itself is lower: 0.7% within 12 months. It rests on far more data about MASTER CRAFT than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 642 companies, not a prediction for MASTER CRAFT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 1.7 (3.83 in 2024), above the usual 1.5. Short-term debt is 34.9% and cash 49.6% of total assets. However, 92.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€20,901
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 5728 sector peers (2025).
NBB · sector comparisonPosition among 5728 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
21 days early
2023
36 days early
2022
28 days early
2021
33 days early
2020
36 days early
2019
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0895474603
Company renamed from POLSKA PAINT to MASTER CRAFT
General meeting of 20-09-2023 · Gazette deed
Registered office moved from Zoersel to Beerse
New registered office: Oostmalseweg 113 te 2340 Beerse · Previous registered office: Wandelweg 21, 2980 Zoersel · General meeting of 04-10-2021 · Gazette deed
Registered office moved from Antwerp to Zoersel
New registered office: Wandelweg 21, 2980 Zoersel · Previous registered office: Lange Leemstraat 209, 2018 Antwerpen · Resignation: TOMALA Robert Marek (sole director) · General meeting of 28-10-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MASTER CRAFT Beerse | €130,734 | €19,803 | 7.9% | - |
| RADMON Mortsel | €130,363 | €23,036 | 91.3% | - |
| SPA MAISON Woluwe-Saint-Lambert | €157,651 | €19,595 | 64.6% | - |
| ISO-SPOUW Zonhoven | €136,114 | €26,064 | 30.6% | - |
| VD CLEANING Bruges | €115,401 | €21,371 | 69.1% | - |
| CLEANING BROTHERS Zoersel | €112,340 | €20,358 | 72.6% | - |
| Hydro-Clean Schoten | €127,539 | €13,547 | 71.7% | - |
These companies have the same main activity as MASTER CRAFT: other building cleaning and industrial cleaning (NACE 81220). They are comparable in size and age: total assets between €112,000 and €158,000, founded between 2005 and 2010.
Official details
Source: KBO- Status
- Active since 05-02-2008Normal situation
- Activity
- Other building cleaning and industrial cleaningNACE 81220and 5 others
- Establishment unit
- 2.169.567.3262340 Beerse, since 15-02-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 29-04-2026
Annual accounts 2025
- ≈ €170,000estimated
- €130,734▲ 38.9%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on MASTER CRAFT
MASTER CRAFT files the micro format. That format states no turnover. The gross margin rose from €11,847 in 2008 to €19,803 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MASTER CRAFT
- What is the company number of MASTER CRAFT?
- The company number of MASTER CRAFT is 0895.474.603. The VAT number is the same number with BE in front: BE 0895.474.603.
- Where is MASTER CRAFT based?
- The registered office is at Oostmalseweg 113, 2340 Beerse.Company details
- What does MASTER CRAFT do?
- According to the KBO register, the main activity is other building cleaning and industrial cleaning (NACE 81220).
- What is the legal form of MASTER CRAFT?
- MASTER CRAFT is a private limited company (BV).
- When was MASTER CRAFT founded?
- MASTER CRAFT was founded on 05-02-2008.
- Is MASTER CRAFT still active?
- Yes, MASTER CRAFT is an active enterprise in the KBO register.
- What is the turnover of MASTER CRAFT?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €19,803 and 40 comparable companies (NACE 81220). It probably lies between €98,000 and €450,000. It is a rough estimate.Financials
- Is MASTER CRAFT profitable?
- In financial year 2025, MASTER CRAFT made a loss of €20,901.
- Where can I find the annual accounts of MASTER CRAFT?
- MASTER CRAFT filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MASTER CRAFT due?
- MASTER CRAFT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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