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MASTER PNEUS

Active
Private limited companyfounded 2024active for 2 yearsBergense Steenweg 88, 1070 Anderlecht, BelgiumKBO/BCE: BE 1015.080.452
Summary

The computed 12-month bankruptcy probability of MASTER PNEUS is 2.6% (moderate). The 2025 annual accounts show equity of €21,540 and a net result of €11,540. Its solvency ranks better than 62% of 3,232 sector peers (NACE 95, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
€21,540
Total assets
€43,380
Net result
€11,540
Working capital
€7,587

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €43,380
Fixed assets €13,953
Current assets €29,427
Equity and liabilities €43,380
Equity €21,540
Debt €21,840
Debt finances 50.3% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€17,350
Cash flow
€13,475
Current ratio
1.35
Quick ratio
0.21
Debt to equity
1.01
ROE
53.6%
ROA
26.6%
Interest coverage
17.06
Debt ≤ 1 year
€21,840
Income taxes
€2,982

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€43,380
Fixed assets21/28€13,953
Tangible fixed assets22/27€13,953
Plant, machinery and equipment23€4,689
Furniture and vehicles24€9,264
Current assets29/58€29,427
Stocks and contracts in progress3€24,938
Stocks30/36€24,938
Cash at bank and in hand54/58€4,489
Equity and liabilities
Total equity and liabilities10/49€43,380
Equity10/15€21,540
Contributions10/11€10,000
Profit (loss) carried forward14€11,540
Amounts payable17/49€21,840
Amounts payable within one year42/48€21,840
Trade debts44€2,388
Suppliers440/4€2,388
Taxes, remuneration and social security45€10,321
Taxes450/3€10,321
Other amounts payable47/48€9,131
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,935
Other operating charges640/8€1,423
Gross operating margin9900€18,773
Operating profit (loss)9901€15,415
Financial income75/76B€124
Recurring financial income75€124
Financial charges65/66B€1,017
Recurring financial charges65€1,017
Profit (loss) for the period before taxes9903€14,522
Income taxes67/77€2,982
Profit (loss) for the period9904€11,540
Profit (loss) for the period to be appropriated9905€11,540
Appropriation of the result
Profit (loss) to be appropriated9906€11,540

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,935
Other operating charges640/8€1,423
Gross operating margin9900€18,773
Operating profit (loss)9901€15,415
Financial income75/76B€124
Recurring financial income75€124
Financial charges65/66B€1,017
Recurring financial charges65€1,017
Profit (loss) for the period before taxes9903€14,522
Income taxes67/77€2,982
Profit (loss) for the period9904€11,540
Profit (loss) for the period to be appropriated9905€11,540
Line2025
Assets
Total assets20/58€43,380
Fixed assets21/28€13,953
Tangible fixed assets22/27€13,953
Plant, machinery and equipment23€4,689
Furniture and vehicles24€9,264
Current assets29/58€29,427
Stocks and contracts in progress3€24,938
Stocks30/36€24,938
Cash at bank and in hand54/58€4,489
Equity and liabilities
Total equity and liabilities10/49€43,380
Equity10/15€21,540
Contributions10/11€10,000
Profit (loss) carried forward14€11,540
Amounts payable17/49€21,840
Amounts payable within one year42/48€21,840
Trade debts44€2,388
Suppliers440/4€2,388
Taxes, remuneration and social security45€10,321
Taxes450/3€10,321
Other amounts payable47/48€9,131
Line2025
Profit (loss) for the period9904€11,540
+ Depreciation and write-downs630€1,935
Operating cash flow (approximation)€13,475

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 16-06-2026 2026-00164093

Similar companies · same sector, comparable size

Of the 997 active companies whose main activity is tyre services (NACE 95315), figures are known for 430. 251 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.