Master-Sign
ActiveThe computed 12-month bankruptcy probability of Master-Sign is 3.5% (moderate). The 2025 annual accounts show equity of €40k and a net result of €4k. Equity is growing by ~82% per year across the filed fiscal years. Its solvency ranks better than 48% of 13240 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-14
Solvency53▲+6
Growth78=
Track record94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.74 in 2024; short-term debt: 71.8% and cash: 50.2% of total assets), and 71.8% 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.2%
Return on assets
2.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-09-2026, 36 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 · 4 filingsDeviation from the deadline
2025
36 d late
2024
54 d late
2023
112 d late
2022
432 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€40k▲ 11.2%
2024 · €36k
2022: €-13k
2023: €13k
2024: €36k
2022 → 2025
Total assets
€140k▼ 11.8%
2024 · €159k
2022: €107k
2023: €156k
2024: €159k
2022 → 2025
Net result
€4k▼ 82.2%
2024 · €22k
2022: €-18k
2023: €26k
2024: €22k
2022 → 2025
Working capital
€-19k▲ 43.0%
2024 · €-33k
2022: €-96k
2023: €-63k
2024: €-33k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-13k-€13k€36k▲ 170%€40k▲ 11.2%
Operating result€-15k-€30k€24k▼ 19.7%€13k▼ 43.6%
Net result€-18k-€26k€22k▼ 15.1%€4k▼ 82.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €140k
Fixed assets
€58k▼ 14.7%
Current assets
€82k▼ 9.6%
Equity and liabilities €140k
Equity
€40k▲ 11.2%
Debt
€101k▼ 18.4%
The debt ratio falls from 77.6% to 71.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▼
2024 · €35k
Cash flow
€16k▼
2024 · €34k
Solvency
28.2%▲
2024 · 22.4%
Current ratio
0.82▲
2024 · 0.74
Quick ratio
0.78▲
2024 · 0.71
Debt / equity
2.54▼
2024 · 3.47
ROE
10.1%▼
2024 · 62.9%
ROA
2.8%▼
2024 · 14.1%
Interest coverage
16.14▼
2024 · 188.47
Debt
€101k▼
2024 · €123k
Debt ≤ 1 year
€101k▼
2024 · €123k
Income taxes
€8k▲
2024 · €1k
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€159k€140k▼
Fixed assets21/28€68k€58k▼
Tangible fixed assets22/27€68k€58k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€3k€3k▼
Other tangible fixed assets26€62k€54k▼
Current assets29/58€91k€82k▼
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€3k€6k▲
Trade receivables40€3k€6k▲
Other amounts receivable41€113€120▲
Cash at bank and in hand54/58€82k€70k▼
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€159k€140k▼
Equity10/15€36k€40k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€31k€35k▲
Amounts payable17/49€123k€101k▼
Amounts payable within one year42/48€123k€101k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€8k€6k▼
Taxes450/3€8k€6k▼
Remuneration and social security454/9€177€177=
Other amounts payable47/48€114k€91k▼
Income statement
Code20242025
Remuneration, social security and pensions62€175-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€39k€27k▼
Operating profit (loss)9901€24k€13k▼
Financial income75/76B€15€30▲
Recurring financial income75€15€30▲
Financial charges65/66B€187€2k▲
Recurring financial charges65€187€2k▲
Profit (loss) for the period before taxes9903€24k€12k▼
Income taxes67/77€1k€8k▲
Profit (loss) for the period9904€22k€4k▼
Profit (loss) for the period to be appropriated9905€22k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€35k▲
Profit (loss) brought forward from the previous period14P€8k€31k▲
The notes to these accounts (5 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
05-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 36 days late
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 112 days late
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 432 days late
2023
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Tongeren-Borgloon · 1 establishment unit since 2021
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.
Kruissteenweg 13700 Tongeren-BorgloonGround area
102 m²
Building footprint
102 m²
Volume, LiDAR
742 m³
Parcel 73347A0884/00D002, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Master-Sign
since 20212.321.184.264
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73347A0884/00D002 | Flanders | 102 m² | 1 · 102 m² | 10.9 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTongeren-Borgloon2.321.184.264
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,783. 8,458 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-08-2021
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
47120Other non-specialised retail sale
47910Retail trade
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.