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Complete company report
Generated 23-07-2026
Active BE 0781.767.540Private limited company

Master Mech

IJskelderstraat 50 ·2660 Antwerpen, Belgium· 4 yrs active
Sector: NACE 25210 (25210)
Conclusion Checked

The computed 12-month bankruptcy probability of Master Mech is 2.5% (moderate). The 2023 annual accounts show equity of €277k and a net result of €136k. Its solvency ranks better than 67% of 577 sector peers (fiscal year 2023). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €277k
Net result €136k
Staff (FTE) 8.3
Better than sector 67%
Snowflake analysis 5 axes · computed by Checked
Health93Profitability100Solvency95Growth52Stability94
87 / 100

Exceptional profile, strong across almost every axis.

Health 93
Profitability 100
Solvency 95
Growth 52
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
2.5% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2023 · computed
93 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 01-10-2024 with the NBB · fiscal year 2023 · micro
€0€50k€100k€150k€200kOperating result 2022: €178k€178kNet result 2022: €138k€138kOperating result 2023: €176k€176kNet result 2023: €136k€136k20222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 25 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 50.5% 36.4%
better than 67% of 577 sector peers
Net result €136k €12k
better than 95% of 573 sector peers
Equity €277k €30k
better than 95% of 577 sector peers
Gross operating margin €567k €37k
better than 95% of 572 sector peers
Staff costs €380k €36k
higher than 95% of 204 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€178k
- ≈ vs sector
Net profit
€136k
-1.7% +146% vs sector
Cash flow
€138k
- +6% vs sector
Total assets
€549k
+93.1% -30% vs sector
Equity
€277k
+96.2% -56% vs sector
Working capital
€267k
+86.7% -47% vs sector
Employees (FTE)
8
+245.8% +202% vs sector
Staff costs
€380k
+239.4% +105% vs sector
Income taxes
€40k
+0.1% +80% vs sector
Debt
€272k
+90.1% -15% vs sector
Debt ≤ 1y
€272k
+92.5% -6% vs sector
Current ratio
1.98
-1.5% -8% vs sector
Quick ratio
1.98
-1.5% +126% vs sector
Solvency
50.5%
+1.6% -15% vs sector
Debt / equity
0.98
-3.1% +42% vs sector
ROE
49.0%
-49.9% far above sector median
ROA
24.7%
-49.1% far above sector median
Interest coverage
358.99
- far above sector median
Figures by fiscal year
Fiscal year2023
Revenue-
EBITDA€178k
Net profit€136k
Cash flow€138k
Staff costs€380k
Income taxes€40k
Dividends-
Total assets€549k
Equity€277k
Debt€272k
of which ≤ 1y€272k
of which > 1y-
Working capital€267k
Employees (FTE)8.3
Ratios (computed)
2023
Current ratio1.98
Quick ratio1.98
Working capital ratio48.6%
Solvency50.5%
Debt / equity0.98
Long-term debt ratio-
Interest coverage358.99
Gross margin-
Net margin-
ROA24.7%
ROE49.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€549k
Fixed assets 21/28€10k
Tangible fixed assets 22/27€10k
Current assets 29/58€539k
Amounts receivable within one year 40/41€410k
Cash & bank 54/58€129k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€549k
Equity 10/15€277k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€274k
Amounts payable 17/49€272k
Amounts payable within one year 42/48€272k
Trade debts payable within one year 44€43k
Income statement
Gross operating margin 9900€567k
Operating result 9901€176k
Financial income 75€1
Financial charges 65€496
Result before taxes 9903€176k
Income taxes 67/77€40k
Net result for the period 9904€136k
Result to be appropriated 9905€136k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 25210
Legal form Private limited company(610)
Incorporation09-02-2022
StatusActive
Postal code2660
Establishment units 1 location
Master Mech
IJskelderstraat 50, 2660 AntwerpenVervaardiging van wapens en munitie
since 20222.330.071.345
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11383B0275/00P038 Flanders 232 m² 1 · 62 m² 9.6 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
01-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
01-07-2024
State Gazette act Registered-office change
2023
16-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
Belgisch Staatsblad, acts 1 acts
Address history · 1
01-07-2024
Registered-office move
All acts · 1 updated 2 years ago
2024
01-07-2024 Registered office moved to Antwerpen Registered-office change
  • ljskelderstraat 50, 2660 Antwerpen
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": null,
        "city": "Antwerpen",
        "region": "vlaams_gewest",
        "street": "ljskelderstraat",
        "country": "BE",
        "postcode": "2660",
        "box_number": null,
        "street_number": "50",
        "locality_suffix": null
      },
      "old_address": null,
      "effective_date": null,
      "evidence_quote": "De vergadering kennis neemt van de adreswijziging waarbij de zetel van de vennootschap wordt verplaatst naar ljskelderstraat 50 te 2660 Antwerpen.",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "inferred",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": null,
      "statutaire_vs_werkelijke": null,
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-07-01",
    "filing_date": "2024-02-29",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2024-02-29",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0781.767.540",
    "name_full": null,
    "legal_form": "BV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Yasin Komut",
    "org_rep_person_name": null,
    "person_role_at_subject": "Gevolmachtigd"
  },
  "co_filed_documents": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Vervaardiging van radiatoren, stoomketels en ketels voor centrale verwarming25210Vervaardiging van stoomketels, exclusief warmwaterketels voor centrale verwarming25300
Primary activity highlighted.
Names & trade names
Legal nameNL Master Mech
Registered office
IJskelderstraat 50
2660 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative