MASTER-FISCO
ActiveMASTER-FISCO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24k and a net result of €6k. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 15369 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▲+12
Solvency82▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 15.05 against 3.03 in 2023; short-term debt: 6.6% and cash: 19.9% of total assets), and 43.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
56.9%
Return on assets
13.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
28 d early
2022
1 d early
2021
6 d early
2020
19 d early
2019
77 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€24k▲ 31.9%
2023 · €18k
2018: €3k
2019: €7k
2020: €11k
2021: €15k
2022: €16k
2023: €18k
2018 → 2024
Total assets
€42k▲ 12.2%
2023 · €37k
2018: €10k
2019: €15k
2020: €14k
2021: €32k
2022: €39k
2023: €37k
2018 → 2024
Net result
€6k▲ 247%
2023 · €2k
2018: €2k
2019: €4k
2020: €3k
2021: €4k
2022: €2k
2023: €2k
2018 → 2024
Working capital
€39k▲ 82.4%
2023 · €22k
2018: €5k
2019: €7k
2020: €11k
2021: €12k
2022: €15k
2023: €22k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€11k-€15k▲ 35.3%€16k▲ 12.8%€18k▲ 10.1%€24k▲ 31.9%
Operating result€4k-€4k▲ 15.4%€3k▼ 31.5%€2k▼ 29.4%€7k▲ 251%
Net result€3k-€4k▲ 12.5%€2k▼ 51.0%€2k▼ 10.4%€6k▲ 247%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 251% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €42k
Equity
€24k▲ 31.9%
Debt
€18k▼ 6.2%
The debt ratio falls from 51.6% to 43.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12k▲
2023 · €7k
Cash flow
€11k▲
2023 · €7k
Solvency
56.9%▲
2023 · 48.4%
Current ratio
15.05▲
2023 · 3.03
Quick ratio
15.05▲
2023 · 3.03
Debt / equity
0.76▼
2023 · 1.07
ROE
24.2%▲
2023 · 9.2%
ROA
13.8%▲
2023 · 4.5%
Interest coverage
41.54▲
2023 · 22.58
Debt
€18k▼
2023 · €19k
Debt ≤ 1 year
€3k▼
2023 · €11k
Debt > 1 year
€15k▲
2023 · €9k
Income taxes
€924
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€37k€42k▲
Fixed assets21/28€5k-
Tangible fixed assets22/27€5k-
Furniture and vehicles24€5k-
Current assets29/58€32k€42k▲
Amounts receivable within one year40/41€20k€34k▲
Trade receivables40€20k€21k▲
Other amounts receivable41-€12k
Cash at bank and in hand54/58€12k€8k▼
Equity and liabilities
Total equity and liabilities10/49€37k€42k▲
Equity10/15€18k€24k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Profit (loss) carried forward14€12k€18k▲
Amounts payable17/49€19k€18k▼
Amounts payable after more than one year17€9k€15k▲
Financial debts170/4€9k€15k▲
Amounts payable within one year42/48€11k€3k▼
Current portion of amounts payable after more than one year42€5k-
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€3k€134▼
Taxes450/3€3k€134▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Gross operating margin9900€7k€12k▲
Operating profit (loss)9901€2k€7k▲
Financial charges65/66B€325€297▼
Recurring financial charges65€325€297▼
Profit (loss) for the period before taxes9903€2k€7k▲
Income taxes67/77-€924
Profit (loss) for the period9904€2k€6k▲
Profit (loss) for the period to be appropriated9905€2k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€18k▲
Profit (loss) brought forward from the previous period14P€10k€12k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €6k ▲247%
Operating result €7k, net result €6k, both a record.
31-12
Financial
Liquidity times 5current ratio 15.05
Current ratio from 3.03 to 15.05; short-term debt falls from €11k to €3k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €2k ▼10.4%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 4.10
Current ratio from 1.96 to 4.10; short-term debt falls from €8k to €3k.
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 77 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Agatha-Berchem · 1 establishment unit since 2017
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.
Technologiestraat 11C1082 Sint-Agatha-BerchemGround area
1,439 m²
Building footprint
1,458 m²
Volume, LiDAR
10,782 m³
Parcel 21003A0335/00V003, Brussels · tallest building 13.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MASTER-FISCO
since 20172.294.768.887
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0335/00V003 | Brussels | 1,438 m² | 1 · 1,458 m² | 13.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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SOTIL
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CALISTER
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BECKERS COMP
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STIMAA-PEETERS
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Of 12,172 companies in sector 69201 we hold annual accounts for 7,638. 4,748 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-02-2017
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.