Equity
-€281,252
Debts exceed assets in financial year 2025.
MASTER PROJECT
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2002peak €47,452 (2024)
€15,579▼ 67.2%
lowest -€63,711 (2025)
-€63,711▼ €52,616
peak €55,522 (2006)
-€281,252▼ €63,711
€1.2m▼ 2.2%
Board5 names since 2016
2 directors and 1 other
Documentsfilings and deeds
16-09-202647 days late
2025micro format
Gross margin from €47,452 to €15,579Loss of €63,711Resignation: (director) 25-08Equity from -€217,540 to -€281,252Cash from €53,760 to €16,954
Key points
from the 2025 annual accountsLosses
-€228,149 in 13 years
Every financial year from 2013 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€1.2m 132% of the balance sheet
Financial debts 56%Suppliers 0%Other 44%
Of this, €1.1m falls due within a year.
2025 accounts filed 47 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,240 companies had the same profile as MASTER PROJECT has now. Each dot stands for 4 companies, two years later.
92.7%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,240 companies, not a prediction for MASTER PROJECT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Resignation: (director)
General meeting of 06-05-2025 · Gazette deed
Amendment of the articles
General meeting of 29-11-2023 · Gazette deed
Resignation: (director)
Appointment: (director) · General meeting of 03-09-2021 · Gazette deed
Reappointments: (managing director) and (director)
General meeting of 04-03-2021 · Gazette deed
Official details
Source: KBO- Status
- Active since 21-01-2002Normal situation
- Activity
- “L'acquisition sous toutes formes de biens mobiliers et immobiliers de toutes natures destinés à…” (deed in French)From the articles, 7 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.094.759.4411180 Uccle, since 21-06-2002
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on MASTER PROJECT
MASTER PROJECT files the micro format. That format states no turnover. The gross margin rose from -€2,964 in 2006 to €15,579 in 2025.
The balance sheet grew most from 2012 to 2013 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MASTER PROJECT
- What is the company number of MASTER PROJECT?
- The company number of MASTER PROJECT is 0476.713.923. The VAT number is the same number with BE in front: BE 0476.713.923.
- Where is MASTER PROJECT based?
- The registered office is at Rue Coleau 60, 1410 Waterloo.Company details
- What is the legal form of MASTER PROJECT?
- MASTER PROJECT is a public limited company (NV).
- When was MASTER PROJECT founded?
- MASTER PROJECT was founded on 21-01-2002.
- Is MASTER PROJECT still active?
- Yes, MASTER PROJECT is an active enterprise in the KBO register.
- What is the turnover of MASTER PROJECT?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €15,579 and 6,298 comparable companies of the same size. It probably lies between €54,000 and €280,000. It is a rough estimate.Financials
- Is MASTER PROJECT profitable?
- In financial year 2025, MASTER PROJECT made a loss of €63,711.
- Where can I find the annual accounts of MASTER PROJECT?
- MASTER PROJECT filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MASTER PROJECT due?
- MASTER PROJECT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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