MASTER SOLUTIONS
Open bankruptcyA bankruptcy procedure is open for MASTER SOLUTIONS according to publications in the Belgian State Gazette; curator: GREGORY WILKIN.
Summary
The 2023 annual accounts show equity of €69,597 and a net result of €45,671.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 2 January 2025
- Supervising judge
- Peter De Vos
- Official Gazette
- 08-01-2025 (pdf) ↗search the document for 2025/100166
Curator
- Gregory WilkinLange Lozanastraat 262, 2018 Antwerpen 1faillissement@mastermindlaw.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 45 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Repair and maintenance of machinery sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
€524,267
EBIT margin
8.8%
Net result
€45,671▲ 90.9%
2022 · €23,924
Working capital
€69,597▲ 191%
2022 · €23,925
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023
Turnover€524,267
Operating result€23,924-€45,920▲ 91.9%
Net result€23,924-€45,671▲ 90.9%
EBIT margin8.8%
Equity€23,925-€69,597▲ 191%
Total assets€54,071-€206,598▲ 282%
Debt€30,146-€137,001▲ 354%
Working capital€23,925-€69,597▲ 191%
Staff (FTE)1
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Total assets +282% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result rises in 2023; 2023 is 92% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €206,598
Equity
€69,597 ▲ 191%
Debt
€137,001 ▲ 354%
Debt's share of the balance-sheet total rises from 55.8% to 66.3%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.51▼
2022 · 1.79
Debt to equity
1.97▲
2022 · 1.26
ROE
65.6%▼
2022 · 100.0%
ROA
22.1%▼
2022 · 44.2%
Debt ≤ 1 year
€137,001▲
2022 · €30,146
Staff costs
€11,614
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Turnover70 | - | €524,267 | - |
| Goods, raw materials, services and sundry goods60/61 | €26,984 | €466,596 | ▲ 1,629% |
| Remuneration, social security and pensions62 | - | €11,614 | - |
| Other operating charges640/8 | €350 | €137 | ▼ 60.8% |
| Gross operating margin9900 | €24,274 | €57,671 | ▲ 138% |
| Operating profit (loss)9901 | €23,924 | €45,920 | ▲ 91.9% |
| Financial income75/76B | - | €1 | - |
| Recurring financial income75 | - | €1 | - |
| Financial charges65/66B | - | €251 | - |
| Recurring financial charges65 | - | €251 | - |
| Profit (loss) for the period before taxes9903 | €23,924 | €45,671 | ▲ 90.9% |
| Profit (loss) for the period9904 | €23,924 | €45,671 | ▲ 90.9% |
| Profit (loss) for the period to be appropriated9905 | €23,924 | €45,671 | ▲ 90.9% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €54,071 | €206,598 | ▲ 282% |
| Current assets29/58 | €54,071 | €206,598 | ▲ 282% |
| Amounts receivable within one year40/41 | €54,070 | €205,975 | ▲ 281% |
| Trade receivables40 | €52,588 | €202,472 | ▲ 285% |
| Other amounts receivable41 | €1,482 | €3,504 | ▲ 136% |
| Cash at bank and in hand54/58 | €1 | €623 | ▲ 62,159% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €54,071 | €206,598 | ▲ 282% |
| Equity10/15 | €23,925 | €69,597 | ▲ 191% |
| Contributions10/11 | €1 | €1 | = |
| Profit (loss) carried forward14 | €23,924 | €69,596 | ▲ 191% |
| Amounts payable17/49 | €30,146 | €137,001 | ▲ 354% |
| Amounts payable within one year42/48 | €30,146 | €137,001 | ▲ 354% |
| Trade debts44 | €30,146 | €120,833 | ▲ 301% |
| Suppliers440/4 | €30,146 | €120,833 | ▲ 301% |
| Taxes, remuneration and social security45 | - | €16,168 | - |
| Taxes450/3 | - | €15,766 | - |
| Remuneration and social security454/9 | - | €402 | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €23,924 | €45,671 | ▲ 90.9% |
| Operating cash flow (approximation) | €23,924 | €45,671 | ▲ 90.9% |
| Change in cash | - | €622 | - |
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
2025
08-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 02-01-2025
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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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, Antwerpen · 1 establishment unit since 2022
Ground area
1.1 ha
Building footprint
254 m²
Parcel 11019B0187/00B004, Flanders. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
MASTER SOLUTIONS
since 20222.338.296.945
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11019B0187/00B004 | Flanders | 1.1 ha | 1 · 254 m² | - |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GREGORY WILKIN LANGE LOZANASTRAAT 262,
2018 ANTWERPEN 1 |
02-01-2025 → present |
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MD LIFTING
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DE WINTER
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Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 1,082 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
33140Repair and maintenance of electrical equipment
41003General construction of other non-residential buildings
43211General electrical installation work
43212Electrical installation work in industrial facilities
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
82920Office administrative, office support and other business support activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.