MASTER PRO (0730.864.217): annual accounts, directors and company register

MASTER PRO

Antwerp ·KBO/BCE: BE 0730.864.217

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Company	Total assets	Gross margin	Solvency	Staff
MASTER PRO Antwerp	€0.7m	€188,072	-31.7%	2.7
ProjeKt 1892 Mechelen	€0.5m	€166,719	11.3%	3.1
KEUKEN Bruges	€0.6m	€247,751	-24.5%	3.6
AEBELE Antwerp	€0.8m	€146,493	48.7%	2.5
KREEMO Braine-l'Alleud	€0.6m	€286,301	22.8%	4.4
Artenic Meerhout	€0.5m	€259,912	55.8%	2.5
Maré Diest	€1.0m	€131,141	49.0%	1.5

Line	2025	2024	2023	2022	2021	2020
Balance sheet: assets
Total assets`20/58`	725,296	690,675	718,443	815,201	497,057	499,450
Fixed assets`21/28`	507,170	530,654	567,822	607,611	245,473	283,982
Intangible fixed assets`21`	58,125	73,625	89,125	104,625	120,125	135,625
Tangible fixed assets`22/27`	43,879	55,598	77,266	101,555	125,349	148,357
Plant, machinery and equipment`23`	0	1,242	11,188	26,445	39,595	51,961
Furniture and vehicles`24`	192	496	1,610	-	-	-
Other tangible fixed assets`26`	43,687	53,859	64,467	75,110	85,753	96,396
Financial fixed assets`28`	405,166	401,431	401,431	401,431	-	-
Current assets`29/58`	218,126	160,022	150,621	207,590	251,583	215,468
Stocks and contracts in progress`3`	26,145	29,557	37,530	37,530	37,530	114,019
Stocks`30/36`	26,145	29,557	37,530	37,530	37,530	114,019
Amounts receivable within one year`40/41`	163,910	93,804	93,167	78,589	124,151	59,199
Trade receivables`40`	104,295	33,104	18,521	55,133	121,587	59,096
Other amounts receivable`41`	59,615	60,700	74,646	23,456	2,564	103
Cash at bank and in hand`54/58`	26,089	35,768	18,870	83,242	82,770	34,230
Deferred charges and accrued income`490/1`	1,983	893	1,053	8,229	7,133	8,019
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	725,296	690,675	718,443	815,201	497,057	499,450
Equity`10/15`	-229,864	-217,901	-116,504	-56,660	-108,959	-35,889
Contributions`10/11`	21,000	21,000	21,000	21,000	21,000	21,000
Profit (loss) carried forward`14`	-250,864	-238,901	-137,504	-77,660	-129,959	-56,889
Amounts payable`17/49`	955,160	908,577	834,947	871,861	606,015	535,339
Amounts payable after more than one year`17`	134,365	235,675	337,892	383,425	189,962	241,541
Financial debts`170/4`	134,365	220,675	312,892	358,425	189,962	241,541
Other amounts payable`178/9`	0	15,000	25,000	25,000	-	-
Amounts payable within one year`42/48`	820,796	672,902	497,054	445,588	416,053	293,609
Current portion of amounts payable after more than one year`42`	96,600	99,217	76,865	96,929	51,579	49,569
Trade debts`44`	592,199	377,780	274,276	272,238	195,100	175,135
Suppliers`440/4`	592,199	377,780	274,276	272,238	195,100	175,135
Advances received on contracts in progress`46`	71,901	129,416	74,970	0	81,146	13,175
Taxes, remuneration and social security`45`	31,757	47,849	36,563	44,198	68,430	21,623
Taxes`450/3`	9,226	29,132	29,107	24,999	44,356	8,046
Remuneration and social security`454/9`	22,531	18,716	7,456	19,199	24,075	13,577
Other amounts payable`47/48`	28,338	18,640	34,381	32,222	19,798	34,108
Accrued charges and deferred income`492/3`	-	-	0	42,849	0	189
Income statement
Non-recurring operating income`76A`	-	-	0	747	-	-
Gross operating margin`9900`	188,072	109,413	100,974	320,913	136,055	160,692
Remuneration, social security and pensions`62`	152,792	160,458	107,938	216,912	161,053	161,444
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	27,219	37,168	39,789	39,741	39,667	41,718
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	1,500	-	-	-	-	-
Other operating charges`640/8`	7,475	2,340	2,645	2,311	2,501	7,202
Operating profit (loss)`9901`	-914	-90,553	-49,398	61,950	-67,166	-49,672
Financial income`75/76B`	0	688	102	342	21	63
Recurring financial income`75`	0	688	102	342	21	63
Financial charges`65/66B`	11,049	11,427	10,371	9,777	5,978	6,914
Recurring financial charges`65`	11,049	11,427	10,371	9,777	5,978	6,914
Profit (loss) for the period before taxes`9903`	-11,963	-101,292	-59,666	52,515	-73,123	-56,523
Income taxes`67/77`	0	106	177	217	-54	366
Profit (loss) for the period`9904`	-11,963	-101,397	-59,844	52,298	-73,069	-56,889
Profit (loss) for the period to be appropriated`9905`	-11,963	-101,397	-59,844	52,298	-73,069	-56,889
Appropriation of the result
Profit (loss) to be appropriated`9906`	-250,864	-238,901	-137,504	-77,660	-129,959	-56,889
Profit (loss) brought forward from the previous period`14P`	-238,901	-137,504	-77,660	-129,959	-56,889	-
Social balance sheet
Average staff (FTE)`9087`	2.7	2.8	2.3	2.6	2.8	1.5
Hours worked`1013`	5,441	5,484	3,945	4,902	5,333	3,810
Document	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	31-08-2026	2026-00503944	PDF
31-12-2024	abbreviated format	30-10-2025	2025-00561702	PDF
31-12-2023	abbreviated format	14-10-2024	2024-00507619	PDF
31-12-2022	abbreviated format	22-08-2023	2023-00341861	PDF
31-12-2021	abbreviated format	27-10-2022	2022-20473939	PDF
31-12-2020	abbreviated format	20-08-2021	2021-50700580	PDF

Line	2025	2024	2023	2022	2021	2020
EBITDA	26,304	-53,385	-9,608	101,691	-27,499	-7,954
Cash flow	15,256	-64,229	-20,055	92,039	-33,402	-15,171
Investment in fixed assets (approximation)	3,735	0	0	419,313	1,076	325,700
Change in cash	-9,680	16,898	-64,372	473	48,539	-
Working capital	-602,669	-512,880	-346,433	-237,998	-164,470	-78,142
Solvency	-31.7%	-31.5%	-16.2%	-7.0%	-21.9%	-7.2%
Current ratio	0.27	0.24	0.30	0.47	0.60	0.73
Quick ratio	0.23	0.19	0.23	0.38	0.51	0.35
ROA	-1.6%	-14.7%	-8.3%	6.4%	-14.7%	-11.4%
Interest coverage	2.38	-4.67	-0.93	10.40	-4.60	-

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	2	2	2	2	4
full-time	2	2	2	2	3
part-time	0	0	0	0	1
in full-time equivalents	2	2	2	2	3.2
Average over the year, in full-time equivalents	2.7	2.8	2.3	2.6	2.8
On a permanent contract	2	2	2	2	3
Joined	56	72	100	71	25
Left	56	72	100	73	23

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	-	€17,882	€1,076
Financial fixed assets	€3,735	-	-	€401,431	-
Depreciation and write-downs of the year	€27,219	€37,168	€39,789	€39,741	€39,667

Overview

Lifetime

Key points

Equity

Losses

Debts

Staff

Filings

Position in the sector

Checked score

Score breakdown

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on MASTER PRO

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-31.7%

Current ratio0.27

Return on assets-1.6%

Staff

Staff cost per FTE€56,590

Joined and left+0

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on MASTER PRO

Board & ownership

Board

Mandates through the years

Control

Capital

Network & group

Holdings

Belgium 1 Equity Result

Holdings and subsidiaries

Holdings 1

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels