Master Gyp Construction
ActiveMaster Gyp Construction has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €31k and a net result of €7k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability59▼-21
Solvency65▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.66 against 1.34 in 2023; short-term debt: 59% and cash: 3.5% of total assets), but 59.6% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
40.4%
Return on assets
8.7%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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
not confirmed
2024
69 d late
2023
145 d late
2022
69 d late
2021
91 d late
2020
216 d late
2019
131 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€144k▼ 9.2%
2023 · €159k
2018: €318k
2019: €163k
2020: €68k
2021: €132k
2022: €231k
2023: €159k
2018 → 2024
EBIT margin
8.8%▼ 3.9pp
2023 · 12.7%
2018: 1.6%
2019: 6.0%
2020: -27.7%
2021: 6.2%
2022: 2.6%
2023: 12.7%
2018 → 2024
Net result
€7k▼ 35.2%
2023 · €10k
2018: €170
2019: €3k
2020: €-26k
2021: €12k
2022: €1k
2023: €10k
2018 → 2024
Working capital
€30k▲ 38.1%
2023 · €22k
2018: €8k
2019: €18k
2020: €-8k
2021: €11k
2022: €18k
2023: €22k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€68k-€132k▲ 94.6%€231k▲ 75.5%€159k▼ 31.2%€144k▼ 9.2%
Equity€839-€13k▲ 1,397%€14k▲ 11.8%€24k▲ 73.2%€31k▲ 27.4%
Operating result€-19k-€8k€6k▼ 25.7%€20k▲ 230%€13k▼ 37.0%
Net result€-26k-€12k€1k▼ 87.4%€10k▲ 594%€7k▼ 35.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 37% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €77k
Fixed assets
€2k▼ 41.9%
Current assets
€75k▼ 12.3%
Equity and liabilities €77k
Equity
€31k▲ 27.4%
Debt
€46k▼ 28.7%
The debt ratio falls from 72.5% to 59.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14k▼
2023 · €21k
Cash flow
€8k▼
2023 · €11k
Solvency
40.4%▲
2023 · 27.5%
Current ratio
1.66▲
2023 · 1.34
Quick ratio
1.66▲
2023 · 1.34
Debt / equity
1.47▼
2023 · 2.63
ROE
21.5%▼
2023 · 42.3%
ROA
8.7%▼
2023 · 11.6%
Interest coverage
3.53▼
2023 · 6.14
Debt
€46k▼
2023 · €64k
Debt ≤ 1 year
€45k▼
2023 · €64k
Income taxes
€3k▼
2023 · €7k
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€88k€77k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€400€400=
Current assets29/58€86k€75k▼
Amounts receivable within one year40/41€74k€72k▼
Trade receivables40€60k€58k▼
Other amounts receivable41€14k€14k▼
Cash at bank and in hand54/58€68€3k▲
Deferred charges and accrued income490/1€12k€796▼
Equity and liabilities
Total equity and liabilities10/49€88k€77k▼
Equity10/15€24k€31k▲
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€19k-
Uncalled capital101€12k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k-
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€16k€23k▲
Amounts payable17/49€64k€46k▼
Amounts payable within one year42/48€64k€45k▼
Current portion of amounts payable after more than one year42€16k€11k▼
Financial debts43€12k€8k▼
Credit institutions430/8€12k€8k▼
Trade debts44€28k€12k▼
Suppliers440/4€28k€12k▼
Taxes, remuneration and social security45€8k€8k▲
Taxes450/3€8k-
Remuneration and social security454/9-€8k
Other amounts payable47/48€1k€7k▲
Accrued charges and deferred income492/3-€389
Income statement
Code20232024
Turnover70€159k€144k▼
Goods, raw materials, services and sundry goods60/61€137k€130k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€609€893▲
Non-recurring operating charges66A€223-
Gross operating margin9900€22k€15k▼
Operating profit (loss)9901€20k€13k▼
Financial income75/76B€280€828▲
Recurring financial income75€280€828▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€17k€10k▼
Income taxes67/77€7k€3k▼
Profit (loss) for the period9904€10k€7k▼
Profit (loss) for the period to be appropriated9905€10k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€23k▲
Profit (loss) brought forward from the previous period14P€6k€16k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 145 days late
2023
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 69 days late
2022
30-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 91 days late
04-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 216 days late
2021
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
2020
31-12
Financial
Weakest financial yearnet €-26k ▼1058%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 131 days late
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 195 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 56 days late
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 85 days late
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2015
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
28-02-2015
Resigned as Managing director
Location & real-estate footprint
Registered office, Wemmel · 1 establishment unit since 2015
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.
Lt. Graffplein 151780 WemmelGround area
287 m²
Building footprint
283 m²
Volume, LiDAR
2,960 m³
2 parcels, Flanders · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Master Gyp Construction
since 20152.238.811.369
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0387/00R004 | Flanders | 147 m² | 1 · 144 m² | 14.9 m · 4 fl. |
| 22662B0081/00E003indicative | Flanders | 140 m² | 1 · 139 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
14 connected companiesNetwork connections
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Of 4,097 companies in sector 43240 we hold annual accounts for 1,631. 1,243 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2014
Fiscal year end31-12
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
43120Site preparation
43310Plastering work
43331Floor and wall tiling
43992Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.master-gyp.be
E-mail:Info@master-gyp.be