MASTER SERVICES
ActiveMASTER SERVICES has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €-10k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 26% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▼-62
Solvency50▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.28 against 1.37 in 2024; short-term debt: 75% and cash: 15.2% of total assets), and 75% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
25%
Return on assets
-6.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
35 d early
2023
42 d early
2022
62 d early
2021
61 d early
2020
31 d early
2019
69 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-10k
2024 · €6k
2018: €-2k
2019: €-16k
2020: €19k
2021: €8k
2022: €11k
2023: €5k
2024: €6k
2018 → 2025
Working capital
€33k▼ 23.8%
2024 · €43k
2018: €16k
2020: €12k
2021: €18k
2022: €30k
2023: €36k
2024: €43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€37k▲ 41.4%€42k▲ 14.0%€48k▲ 13.6%€38k▼ 20.0%
Operating result€8k-€11k▲ 39.2%€6k▼ 45.0%€8k▲ 25.2%€-8k
Net result€8k-€11k▲ 42.7%€5k▼ 52.3%€6k▲ 10.7%€-10k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8k after €8k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €154k
Fixed assets
€6k▲ 12.4%
Current assets
€148k▼ 7.0%
Equity and liabilities €154k
Equity
€38k▼ 20.0%
Debt
€115k▼ 0.9%
The debt ratio rises from 70.8% to 75.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-6k▼
2024 · €9k
Cash flow
€-8k▼
2024 · €7k
Solvency
25.0%▼
2024 · 29.2%
Current ratio
1.28▼
2024 · 1.37
Quick ratio
0.70▼
2024 · 1.37
Debt / equity
3.00▲
2024 · 2.42
ROE
-24.9%▼
2024 · 11.9%
ROA
-6.2%▼
2024 · 3.5%
Interest coverage
-3.78▼
2024 · 9.04
Debt
€115k▼
2024 · €116k
Debt ≤ 1 year
€115k▼
2024 · €116k
Staff costs
€48k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€164k€154k▼
Fixed assets21/28€5k€6k▲
Tangible fixed assets22/27€3k€4k▲
Furniture and vehicles24€3k€4k▲
Financial fixed assets28€2k€2k=
Current assets29/58€159k€148k▼
Stocks and contracts in progress3-€67k
Stocks30/36-€67k
Amounts receivable within one year40/41€67k€56k▼
Trade receivables40€49k€46k▼
Other amounts receivable41€18k€10k▼
Cash at bank and in hand54/58€90k€23k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€164k€154k▼
Equity10/15€48k€38k▼
Contributions10/11€46k€46k=
Profit (loss) carried forward14€2k€-8k▼
Amounts payable17/49€116k€115k▼
Amounts payable within one year42/48€116k€115k▼
Trade debts44€92k€92k▼
Suppliers440/4€59k€92k▲
Bills of exchange payable441€33k-
Taxes, remuneration and social security45€14k€15k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€12k€13k▲
Other amounts payable47/48€10k€8k▼
Income statement
Code20242025
Remuneration, social security and pensions62€18k€48k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€645€535▼
Gross operating margin9900€28k€42k▲
Operating profit (loss)9901€8k€-8k▼
Financial income75/76B€24€39▲
Recurring financial income75€24€39▲
Financial charges65/66B€973€2k▲
Recurring financial charges65€973€2k▲
Profit (loss) for the period before taxes9903€7k€-10k▼
Income taxes67/77€903-
Profit (loss) for the period9904€6k€-10k▼
Profit (loss) for the period to be appropriated9905€6k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-8k▼
Profit (loss) brought forward from the previous period14P€-4k€2k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
30-09
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
20-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 296 days late
2017
03-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Pieters-Leeuw · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koning Albertstraat 1241600 Sint-Pieters-LeeuwGround area
114 m²
Building footprint
113 m²
Volume, LiDAR
953 m³
Parcel 23077A0160/00Z017, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MASTER SERVICES
since 20122.213.626.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077A0160/00Z017 | Flanders | 114 m² | 1 · 113 m² | 10.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
LIMO ENERGY
BE 0838.633.690
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STAR CONSTRUCTION
BE 0803.304.708
Schaarbeek · Eq €38k
M.P. SERVICES ET MAINTENANCE
BE 0476.139.346
Ukkel · Eq €38k
ALL FOOD
BE 0718.879.965
Sint-Gillis (bij-Brussel) · Eq €38k
FRENDO
BE 0700.747.893
Braine-le-Comte · Eq €38k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,910 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-10-2012
Fiscal year end30-09
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.