MASTER ONE
Bankruptcy closedInactive since 21-04-2026; last annual accounts for fiscal year 2020.
Summary
MASTER ONE was declared bankrupt on 29-11-2021 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 14-04-2026, published in the Belgian State Gazette on 24-04-2026.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-09-2021, 61 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
61 d late
2019
300 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Turnover
€24k▼ 37.4%
2019 · €39k
2019: €39k
2020: €24k▼ -37.4% vs 2019
2019 → 2020
EBIT margin
-13.3%▼ 9.3pp
2019 · -4.0%
2019: -4.0%
2020: -13.3%▼ -232% vs 2019
2019 → 2020
Net result
€-3k▼ 77.8%
2019 · €-2k
2019: €-2k
2020: €-3k▼ -77.8% vs 2019
2019 → 2020
Working capital
€17k▼ 17.0%
2019 · €21k
2019: €21k
2020: €17k▼ -17.0% vs 2019
2019 → 2020
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020Trend
Turnover€39k-€24k▼ 37.4%
2019: €39k
2020: €24k▼ -37.4% vs 2019
Equity€22k-€18k▼ 16.0%
2019: €22k
2020: €18k▼ -16.0% vs 2019
Operating result€-2k-€-3k▼ 108%
2019: €-2k
2020: €-3k▼ -108% vs 2019
Net result€-2k-€-3k▼ 77.8%
2019: €-2k
2020: €-3k▼ -77.8% vs 2019
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2020 against €2k in 2019; the loss grows.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €21k
Fixed assets
€1k =
Current assets
€20k ▼ 29.9%
Equity and liabilities €21k
Equity
€18k ▼ 16.0%
Debt
€3k ▼ 63.9%
Debt's share of the balance-sheet total falls from 26.4% to 13.4%. Equity and debt are lower.
Key figures and ratios
Current ratio
7.05▲
2019 · 3.63
ROE
-19.1%▼
2019 · -9.0%
ROA
-16.5%▼
2019 · -6.6%
Debt ≤ 1 year
€3k▼
2019 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 23 lines
Balance sheet
Code20192020
Assets
Total assets20/58€30k€21k▼
Fixed assets21/28€1k€1k=
Tangible fixed assets22/27€1k€1k=
Financial fixed assets28€190€190=
Current assets29/58€28k€20k▼
Amounts receivable within one year40/41€4k€4k▼
Current investments50/53€5k€5k=
Cash at bank and in hand54/58€18k€10k▼
Equity and liabilities
Total equity and liabilities10/49€30k€21k▼
Equity10/15€22k€18k▼
Contributions10/11€19k€19k=
Reserves13€215€215=
Profit (loss) carried forward14€3k€-484▼
Amounts payable17/49€8k€3k▼
Amounts payable within one year42/48€8k€3k▼
Trade debts44€6k€2k▼
Income statement
Code20192020
Turnover70€39k€24k▼
Gross operating margin9900€1k€-1k▼
Operating profit (loss)9901€-2k€-3k▼
Recurring financial charges65€402€250▼
Profit (loss) for the period before taxes9903€-2k€-3k▼
Profit (loss) for the period9904€-2k€-3k▼
Profit (loss) for the period to be appropriated9905€-2k€-3k▼
Accounts by statement
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €39k | €24k | ▼ 37.4% |
| Gross operating margin9900 | €1k | €-1k | ▼ 198% |
| Operating profit (loss)9901 | €-2k | €-3k | ▼ 108% |
| Recurring financial charges65 | €402 | €250 | ▼ 37.8% |
| Profit (loss) for the period before taxes9903 | €-2k | €-3k | ▼ 77.8% |
| Profit (loss) for the period9904 | €-2k | €-3k | ▼ 77.8% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-3k | ▼ 77.8% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €30k | €21k | ▼ 28.6% |
| Fixed assets21/28 | €1k | €1k | = |
| Tangible fixed assets22/27 | €1k | €1k | = |
| Financial fixed assets28 | €190 | €190 | = |
| Current assets29/58 | €28k | €20k | ▼ 29.9% |
| Amounts receivable within one year40/41 | €4k | €4k | ▼ 6.3% |
| Current investments50/53 | €5k | €5k | = |
| Cash at bank and in hand54/58 | €18k | €10k | ▼ 45.0% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €30k | €21k | ▼ 28.6% |
| Equity10/15 | €22k | €18k | ▼ 16.0% |
| Contributions10/11 | €19k | €19k | = |
| Reserves13 | €215 | €215 | = |
| Profit (loss) carried forward14 | €3k | €-484 | ▼ 116% |
| Amounts payable17/49 | €8k | €3k | ▼ 63.9% |
| Amounts payable within one year42/48 | €8k | €3k | ▼ 63.9% |
| Trade debts44 | €6k | €2k | ▼ 60.6% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-3k | ▼ 77.8% |
| Operating cash flow (approximation) | €-2k | €-3k | ▼ 77.8% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €-8k | - |
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
2026
24-04
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · event 14-04-2026
2021
09-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 29-11-2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 300 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2013
30-09
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 61 days late
2011
31-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 31 days late
06-04
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 249 days late
2010
04-05
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 277 days late
SignalNBB filing
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Etterbeek
Ground area
75 m²
Building footprint
63 m²
Volume, LiDAR
859 m³
Parcel 21364B0183/00H003, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
64
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21364B0183/00H003 | Brussels | 75 m² | 1 · 63 m² | 17.8 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | EMMANUELLE BOUILLON CHAUSSEE DE LA
HULPE 187, 1170 BRUXELLES 17 |
29-11-2021 → 14-04-2026 |
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Of 6,685 companies in sector 49330 we hold annual accounts for 2,296. 1,988 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 (pre-2019)
Founded24-09-2007
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
Scores and ratios are computed by Checked and are not a credit decision.