MASTER HOME
ActiveSummary
MASTER HOME has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €-22k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-91
Solvency100=
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 31.02 against 9.8 in 2024; short-term debt: 3% and cash: 28.6% of total assets), and 3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
97%
Return on assets
-30.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-10-2025, 100 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
100 d early
2024
60 d early
2023
121 d early
2022
127 d early
2021
7 d early
2020
5 d early
2019
85 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€66k▼ 24.2%
2024 · €87k
EBIT margin
-34.3%▼ 57.4pp
2024 · 23.1%
Net result
€-22k
2024 · €15k
Working capital
€64k▼ 22.7%
2024 · €83k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€255k€87k▼ 65.8%€66k▼ 24.2%
Operating result€20k▲ 658%€14k▼ 28.7%€20k▲ 36.3%€20k▲ 3.2%€-23k
Net result€14k▲ 1,099%€11k▼ 22.5%€16k▲ 40.3%€15k▼ 5.7%€-22k
EBIT margin7.7%23.1%▲ 15.5pp-34.3%▼ 57.4pp
Equity€60k▲ 32.2%€71k▲ 18.9%€77k▲ 8.1%€91k▲ 19.4%€70k▼ 23.9%
Total assets€140k▲ 47.4%€129k▼ 7.8%€110k▼ 14.6%€101k▼ 8.3%€72k▼ 28.9%
Debt€80k▲ 61.2%€58k▼ 27.7%€33k▼ 42.3%€9k▼ 71.9%€2k▼ 77.3%
Working capital€54k▲ 135%€62k▲ 14.9%€65k▲ 4.3%€83k▲ 27.6%€64k▼ 22.7%
Staff (FTE)1▲ 25.0%0.1▼ 90.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €23k after €20k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72k
Fixed assets
€6k ▼ 35.1%
Current assets
€66k ▼ 28.3%
Equity and liabilities €72k
Equity
€70k ▼ 23.9%
Debt
€2k ▼ 77.3%
Debt's share of the balance-sheet total falls from 9.3% to 3.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-20k▼
2024 · €23k
Cash flow
€-19k▼
2024 · €18k
Current ratio
31.02▲
2024 · 9.80
Quick ratio
17.83▲
2024 · 6.81
Debt to equity
0.03▼
2024 · 0.10
ROE
-31.4%▼
2024 · 16.3%
ROA
-30.4%▼
2024 · 14.7%
Interest coverage
-94.71▼
2024 · 110.97
Debt ≤ 1 year
€2k▼
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €255k | €87k | €66k | ▼ 24.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €233k | €64k | €85k | ▲ 31.6% |
| Remuneration, social security and pensions62 | - | €2k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €6k | €3k | €3k | €3k | = |
| Other operating charges640/8 | - | €2k | €1k | €1k | €1k | ▼ 15.4% |
| Gross operating margin9900 | €42k | €24k | €23k | €25k | €-18k | ▼ 175% |
| Operating profit (loss)9901 | €20k | €14k | €20k | €20k | €-23k | ▼ 212% |
| Financial income75/76B | - | €180 | €134 | €13 | €1k | ▲ 7,917% |
| Recurring financial income75 | €560 | €180 | €134 | €13 | €19 | ▲ 49.5% |
| Non-recurring financial income76B | - | - | - | - | €1k | - |
| Financial charges65/66B | - | €208 | €210 | €209 | €207 | ▼ 1.0% |
| Recurring financial charges65 | €2k | €208 | €210 | €209 | €207 | ▼ 1.0% |
| Profit (loss) for the period before taxes9903 | €18k | €14k | €19k | €20k | €-22k | ▼ 209% |
| Income taxes67/77 | €4k | €3k | €4k | €5k | - | - |
| Profit (loss) for the period9904 | €14k | €11k | €16k | €15k | €-22k | ▼ 247% |
| Profit (loss) for the period to be appropriated9905 | €14k | €11k | €16k | €15k | €-22k | ▼ 247% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140k | €129k | €110k | €101k | €72k | ▼ 28.9% |
| Fixed assets21/28 | €14k | €9k | €12k | €9k | €6k | ▼ 35.1% |
| Tangible fixed assets22/27 | €14k | €9k | €12k | €9k | €6k | ▼ 35.1% |
| Plant, machinery and equipment23 | - | €9k | €7k | €5k | €3k | ▼ 39.9% |
| Furniture and vehicles24 | - | €0 | €5k | €4k | €3k | ▼ 29.1% |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Current assets29/58 | €125k | €120k | €98k | €92k | €66k | ▼ 28.3% |
| Stocks and contracts in progress3 | €5k | €35k | €32k | €28k | €28k | = |
| Stocks30/36 | - | €5k | €3k | €3k | €3k | = |
| Contracts in progress37 | - | €30k | €29k | €25k | €25k | = |
| Amounts receivable within one year40/41 | €60k | €53k | €30k | €11k | €16k | ▲ 38.2% |
| Trade receivables40 | - | €50k | €30k | €11k | €15k | ▲ 36.5% |
| Other amounts receivable41 | - | €3k | €59 | €57 | €273 | ▲ 380% |
| Cash at bank and in hand54/58 | €20k | €30k | €35k | €51k | €21k | ▼ 59.9% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €2k | €2k | ▲ 15.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140k | €129k | €110k | €101k | €72k | ▼ 28.9% |
| Equity10/15 | €60k | €71k | €77k | €91k | €70k | ▼ 23.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | - | - | €19k | - | - |
| Share premium1100/10 | - | - | - | €19k | - | - |
| Reserves13 | €41k | €52k | €58k | €73k | €51k | ▼ 30.0% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €50k | €58k | €73k | €51k | ▼ 30.0% |
| Profit (loss) carried forward14 | €23k | - | - | - | - | - |
| Amounts payable17/49 | €80k | €58k | €33k | €9k | €2k | ▼ 77.3% |
| Amounts payable within one year42/48 | €71k | €58k | €33k | €9k | €2k | ▼ 77.3% |
| Trade debts44 | €14k | €2k | €20k | €8k | €1k | ▼ 83.1% |
| Suppliers440/4 | - | €2k | €20k | €8k | €1k | ▼ 83.1% |
| Taxes, remuneration and social security45 | - | - | €4k | €104 | - | - |
| Taxes450/3 | - | - | €4k | €104 | - | - |
| Other amounts payable47/48 | - | €56k | €9k | €873 | €709 | ▼ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €11k | €16k | €15k | €-22k | ▼ 247% |
| + Depreciation and write-downs630 | €11k | €6k | €3k | €3k | €3k | = |
| Operating cash flow (approximation) | €26k | €17k | €18k | €18k | €-19k | ▼ 205% |
| Investment in fixed assets (approximation) | - | €0 | €-6k | €0 | €1 | - |
| Change in cash | - | €10k | €5k | €16k | €-31k | ▼ 293% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
30-06
Financial
Liquidity triplescurrent ratio 31.02
Current ratio from 9.80 to 31.02; short-term debt falls from €9k to €2k.
2024
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Liquidity triplescurrent ratio 9.80
Current ratio from 2.94 to 9.80; short-term debt falls from €33k to €9k.
2023
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €16k ▲40.3%
Net result €16k, the highest in the series.
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
07-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Westerlo · 1 establishment unit since 1998
Ground area
492 m²
Building footprint
68 m²
Volume, LiDAR
560 m³
Parcel 13049A0903/00C000, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MASTER HOME
since 19982.087.026.066
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049A0903/00C000 | Flanders | 492 m² | 1 · 68 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 29,787 companies in sector 41001 we hold annual accounts for 16,036. 13,213 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-06-1998
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
52250Logistics services
Contact
E-mail
info@masterhome.beWesterlo
Scores and ratios are computed by Checked and are not a credit decision.