MASTER PRO
ActiveSummary
MASTER PRO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€229,864) and a net result of -€11,963. Equity is shrinking by ~34.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+37
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.24 in 2024; short-term debt: 113.2% and cash: 3.6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
-31.7%
Return on assets
-1.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€229,864
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
91 d late
2023
75 d late
2022
22 d late
2021
88 d late
2020
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 55 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€229,864▼ 5.5%
2024 · -€217,901
Total assets
€725,296▲ 5.0%
2024 · €690,675
Net result
-€11,963▲ 88.2%
2024 · -€101,397
Working capital
-€602,669▼ 17.5%
2024 · -€512,880
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€67,166▼ 35.2%€61,950-€49,398-€90,553▼ 83.3%-€914▲ 99.0%
Net result-€73,069below the sector's middle half▼ 28.4%€52,298within the sector's middle half-€59,844below the sector's middle half-€101,397below the sector's middle half▼ 69.4%-€11,963below the sector's middle half▲ 88.2%
Equity-€108,959below the sector's middle half▼ 204%-€56,660below the sector's middle half▲ 48.0%-€116,504below the sector's middle half▼ 106%-€217,901below the sector's middle half▼ 87.0%-€229,864below the sector's middle half▼ 5.5%
Total assets€497,057within the sector's middle half▼ 0.5%€815,201within the sector's middle half▲ 64.0%€718,443within the sector's middle half▼ 11.9%€690,675within the sector's middle half▼ 3.9%€725,296within the sector's middle half▲ 5.0%
Debt€606,015▲ 13.2%€871,861▲ 43.9%€834,947▼ 4.2%€908,577▲ 8.8%€955,160▲ 5.1%
Working capital-€164,470below the sector's middle half▼ 110%-€237,998below the sector's middle half▼ 44.7%-€346,433below the sector's middle half▼ 45.6%-€512,880below the sector's middle half▼ 48.0%-€602,669below the sector's middle half▼ 17.5%
Solvency-21.9%below the sector's middle half▼ 14.7pp-7.0%below the sector's middle half▲ 15.0pp-16.2%below the sector's middle half▼ 9.3pp-31.5%below the sector's middle half▼ 15.3pp-31.7%below the sector's middle half▼ 0.1pp
Current ratio0.60below the sector's middle half▼ 0.130.47below the sector's middle half▼ 0.140.30below the sector's middle half▼ 0.160.24below the sector's middle half▼ 0.070.27below the sector's middle half▲ 0.03
Return on assets (ROA)-14.7%below the sector's middle half▼ 3.3pp6.4%within the sector's middle half▲ 21.1pp-8.3%below the sector's middle half▼ 14.7pp-14.7%below the sector's middle half▼ 6.4pp-1.6%below the sector's middle half▲ 13.0pp
Staff (FTE)2.8within the sector's middle half▲ 86.7%2.6within the sector's middle half▼ 7.1%2.3within the sector's middle half▼ 11.5%2.8within the sector's middle half▲ 21.7%2.7within the sector's middle half▼ 3.6%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €914 in 2025 against €90,553 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €725,296
Fixed assets
€507,170 ▼ 4.4%
Current assets
€218,126 ▲ 36.3%
Key figures and ratios
EBITDA
€26,304▲
2024 · -€53,385
Cash flow
€15,256▲
2024 · -€64,229
Quick ratio
0.23▲
2024 · 0.19
Debt to equity
-4.16▲
2024 · -4.17
Interest coverage
2.38▲
2024 · -4.67
Debt ≤ 1 year
€820,796▲
2024 · €672,902
Debt > 1 year
€134,365▼
2024 · €235,675
Income taxes
€0▼
2024 · €106
Staff costs
€152,792▼
2024 · €160,458
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €747 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €161,053 | €216,912 | €107,938 | €160,458 | €152,792 | ▼ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,667 | €39,741 | €39,789 | €37,168 | €27,219 | ▼ 26.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,500 | - |
| Other operating charges640/8 | €2,501 | €2,311 | €2,645 | €2,340 | €7,475 | ▲ 219% |
| Gross operating margin9900 | €136,055 | €320,913 | €100,974 | €109,413 | €188,072 | ▲ 71.9% |
| Operating profit (loss)9901 | -€67,166 | €61,950 | -€49,398 | -€90,553 | -€914 | ▲ 99.0% |
| Financial income75/76B | €21 | €342 | €102 | €688 | €0 | ▼ 100% |
| Recurring financial income75 | €21 | €342 | €102 | €688 | €0 | ▼ 100% |
| Financial charges65/66B | €5,978 | €9,777 | €10,371 | €11,427 | €11,049 | ▼ 3.3% |
| Recurring financial charges65 | €5,978 | €9,777 | €10,371 | €11,427 | €11,049 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | -€73,123 | €52,515 | -€59,666 | -€101,292 | -€11,963 | ▲ 88.2% |
| Income taxes67/77 | -€54 | €217 | €177 | €106 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€73,069 | €52,298 | -€59,844 | -€101,397 | -€11,963 | ▲ 88.2% |
| Profit (loss) for the period to be appropriated9905 | -€73,069 | €52,298 | -€59,844 | -€101,397 | -€11,963 | ▲ 88.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €497,057 | €815,201 | €718,443 | €690,675 | €725,296 | ▲ 5.0% |
| Fixed assets21/28 | €245,473 | €607,611 | €567,822 | €530,654 | €507,170 | ▼ 4.4% |
| Intangible fixed assets21 | €120,125 | €104,625 | €89,125 | €73,625 | €58,125 | ▼ 21.1% |
| Tangible fixed assets22/27 | €125,349 | €101,555 | €77,266 | €55,598 | €43,879 | ▼ 21.1% |
| Plant, machinery and equipment23 | €39,595 | €26,445 | €11,188 | €1,242 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | €1,610 | €496 | €192 | ▼ 61.3% |
| Other tangible fixed assets26 | €85,753 | €75,110 | €64,467 | €53,859 | €43,687 | ▼ 18.9% |
| Financial fixed assets28 | - | €401,431 | €401,431 | €401,431 | €405,166 | ▲ 0.9% |
| Current assets29/58 | €251,583 | €207,590 | €150,621 | €160,022 | €218,126 | ▲ 36.3% |
| Stocks and contracts in progress3 | €37,530 | €37,530 | €37,530 | €29,557 | €26,145 | ▼ 11.5% |
| Stocks30/36 | €37,530 | €37,530 | €37,530 | €29,557 | €26,145 | ▼ 11.5% |
| Amounts receivable within one year40/41 | €124,151 | €78,589 | €93,167 | €93,804 | €163,910 | ▲ 74.7% |
| Trade receivables40 | €121,587 | €55,133 | €18,521 | €33,104 | €104,295 | ▲ 215% |
| Other amounts receivable41 | €2,564 | €23,456 | €74,646 | €60,700 | €59,615 | ▼ 1.8% |
| Cash at bank and in hand54/58 | €82,770 | €83,242 | €18,870 | €35,768 | €26,089 | ▼ 27.1% |
| Deferred charges and accrued income490/1 | €7,133 | €8,229 | €1,053 | €893 | €1,983 | ▲ 122% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €497,057 | €815,201 | €718,443 | €690,675 | €725,296 | ▲ 5.0% |
| Equity10/15 | -€108,959 | -€56,660 | -€116,504 | -€217,901 | -€229,864 | ▼ 5.5% |
| Contributions10/11 | €21,000 | €21,000 | €21,000 | €21,000 | €21,000 | = |
| Profit (loss) carried forward14 | -€129,959 | -€77,660 | -€137,504 | -€238,901 | -€250,864 | ▼ 5.0% |
| Amounts payable17/49 | €606,015 | €871,861 | €834,947 | €908,577 | €955,160 | ▲ 5.1% |
| Amounts payable after more than one year17 | €189,962 | €383,425 | €337,892 | €235,675 | €134,365 | ▼ 43.0% |
| Financial debts170/4 | €189,962 | €358,425 | €312,892 | €220,675 | €134,365 | ▼ 39.1% |
| Other amounts payable178/9 | - | €25,000 | €25,000 | €15,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €416,053 | €445,588 | €497,054 | €672,902 | €820,796 | ▲ 22.0% |
| Current portion of amounts payable after more than one year42 | €51,579 | €96,929 | €76,865 | €99,217 | €96,600 | ▼ 2.6% |
| Trade debts44 | €195,100 | €272,238 | €274,276 | €377,780 | €592,199 | ▲ 56.8% |
| Suppliers440/4 | €195,100 | €272,238 | €274,276 | €377,780 | €592,199 | ▲ 56.8% |
| Advances received on contracts in progress46 | €81,146 | €0 | €74,970 | €129,416 | €71,901 | ▼ 44.4% |
| Taxes, remuneration and social security45 | €68,430 | €44,198 | €36,563 | €47,849 | €31,757 | ▼ 33.6% |
| Taxes450/3 | €44,356 | €24,999 | €29,107 | €29,132 | €9,226 | ▼ 68.3% |
| Remuneration and social security454/9 | €24,075 | €19,199 | €7,456 | €18,716 | €22,531 | ▲ 20.4% |
| Other amounts payable47/48 | €19,798 | €32,222 | €34,381 | €18,640 | €28,338 | ▲ 52.0% |
| Accrued charges and deferred income492/3 | €0 | €42,849 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€73,069 | €52,298 | -€59,844 | -€101,397 | -€11,963 | ▲ 88.2% |
| + Depreciation and write-downs630 | €39,667 | €39,741 | €39,789 | €37,168 | €27,219 | ▼ 26.8% |
| Operating cash flow (approximation) | -€33,402 | €92,039 | -€20,055 | -€64,229 | €15,256 | ▲ 124% |
| Investment in fixed assets (approximation) | - | -€401,878 | €0 | €0 | -€3,735 | - |
| Change in cash | - | €473 | -€64,372 | €16,898 | -€9,680 | ▼ 157% |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 91 days late
2024
31-12
Financial
Weakest financial yearnet -€101,397
Net result drops to -€101,397, the lowest in the series; recovery starts the following year.
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 75 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
31-12
Financial
Back to profitnet €52,298
Net result €52,298 after 2 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 88 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2019
Ground area
896 m²
Building footprint
1,061 m²
Volume, LiDAR
6,465 m³
Parcel 11804D1200/00E000, Flanders · tallest building 17.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MASTER PRO
since 20192.292.056.847
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D1200/00E000 | Flanders | 896 m² | 1 · 1,061 m² | 17.6 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of MASTER PRO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 3,924 companies in sector 71112 we hold annual accounts for 1,296. 118 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
71112Activities of interior architects
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0730864217
Also
9925:BE0730864217
Registered
18-09-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.