MASTER SWITCH
ActiveSummary
MASTER SWITCH has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€311,022) and a net result of -€16,628. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 311 sector peers (NACE 79, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Activity
Travel agency activities
NACE 79110
6th oldest company in Watermaal-Bosvoorde, Administrative and support services sector1 site
Size
≈ €45,000turnover 2025, estimated
- Equity
- -€311,022
- Loss
- -€16,628
Turnover estimated from the gross margin
Structure
- Largest shareholder
- GINION GROUP · 50%
- A ET S SERTANGDirector · permanent representative STÉPHANE SERTANG
- VV ConsultingDirector · permanent representative VINCENT VANDENBROECK
2025 accounts filed 31 days late3 of 8 deeds summarised
Why 54raises riskCapped at 59: negative equity1 change of registered office in 24 monthsNegative equity -€311,022Loss of €16,628, the second in a row (financial year 2025)lowers riskSize: total assets €91,258Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 24% of its sector peers (NACE 79, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -340.8% of total assets
Liquidity
64+60
short-term debt 67.7% · cash 42.9%
Profitability
0=
return on assets -18.2%
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.1%
12-2024: 1.1%● unchanged vs 11-2024
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025lowest value
04-2025: 1.1%● unchanged vs 03-2025lowest value
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 2.7%▲ +1.6 percentage points vs 05-2025
07-2025: 3.0%▲ +0.3 percentage points vs 06-2025
08-2025: 3.6%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 2.3%▼ -1.3 percentage points vs 08-2025
10-2025: 2.3%● unchanged vs 09-2025
11-2025: 2.3%● unchanged vs 10-2025
12-2025: 2.3%● unchanged vs 11-2025
01-2026: 2.3%● unchanged vs 12-2025
02-2026: 2.3%● unchanged vs 01-2026
03-2026: 2.2%▼ -0.1 percentage points vs 02-2026
04-2026: 2.3%▲ +0.1 percentage points vs 03-2026
05-2026: 2.4%▲ +0.1 percentage points vs 04-2026
06-2026: 2.6%▲ +0.2 percentage points vs 05-2026
07-2026: 2.8%▲ +0.2 percentage points vs 06-2026
08-2026: 3.3%▲ +0.5 percentage points vs 07-2026
09-2026: 1.4%▼ -1.9 percentage points vs 08-2026
10-2026: 1.4%● unchanged vs 09-2026
No credit on open account
Liquidity tight (current ratio 1.44, compared with 0.25 in 2024, below the usual 1.5; short-term debt: 67.7% and cash: 42.9% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 79, micro): better than 4% on solvency, 56% on liquidity, 6% on profitability and 28% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€311,022
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
29 days late
2023
30 days late
2022
70 days late
2021
51 days early
2020
27 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days after the deadline; the sector median (NACE 79) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Liquidity more than 5 timescurrent ratio 1.44
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, abbreviated format
In the rankings
#6 oldest company in Watermaal-Bosvoorde, Administrative and support services sector
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00501944.
Turnover
≈ €45,000
Estimated: probably between €19,000 and €110,000
EBIT margin
Not included in this filing
Net result
-€16,628▲ 65.7%
2024 · -€48,417
Working capital
€27,483
2024 · -€297,517
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €4,288 in 2025 against €37,175 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€4,288
2025
Net result-€16,628
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€91,258
2025
Equity-€311,022
2025
Debt€402,281
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€27,483
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-18.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-340.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.44
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 79, Travel agency, tour operator and other reservation service and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€64,443--€25,213€3,428€65,566▲ 19×-€199,698-€125,440▲ 37.2%-€37,175▲ 70.4%-€4,288▲ 88.5%
Net result€48,829--€23,358€11,667above the sector's middle half€55,385above the sector's middle half▲ 375%-€200,432below the sector's middle half-€131,428below the sector's middle half▲ 34.4%-€48,417below the sector's middle half▲ 63.2%-€16,628below the sector's middle half▲ 65.7%
Equity€42,188-€18,830▼ 55.4%€30,497within the sector's middle half▲ 62.0%€85,882within the sector's middle half▲ 182%-€114,550below the sector's middle half-€245,978below the sector's middle half▼ 115%-€294,395below the sector's middle half▼ 19.7%-€311,022below the sector's middle half▼ 5.6%
Total assets€129,451-€425,184▲ 228%€419,074above the sector's middle half▼ 1.4%€425,198within the sector's middle half▲ 1.5%€217,660below the sector's middle half▼ 48.8%€121,597below the sector's middle half▼ 44.1%€103,544below the sector's middle half▼ 14.8%€91,258below the sector's middle half▼ 11.9%
Debt€87,263-€406,354▲ 366%€388,578▼ 4.4%€339,316▼ 12.7%€332,210▼ 2.1%€367,575▲ 10.6%€397,938▲ 8.3%€402,281▲ 1.1%
Working capital€39,601-€62,498▲ 57.8%€147,701above the sector's middle half▲ 136%€158,072within the sector's middle half▲ 7.0%-€58,434below the sector's middle half-€250,222below the sector's middle half▼ 328%-€297,517below the sector's middle half▼ 18.9%€27,483below the sector's middle half
Solvency32.6%-4.4%▼ 28.2pp7.3%below the sector's middle half▲ 2.8pp20.2%within the sector's middle half▲ 12.9pp-52.6%below the sector's middle half▼ 72.8pp-202.3%below the sector's middle half▼ 149.7pp-284.3%below the sector's middle half▼ 82.0pp-340.8%below the sector's middle half▼ 56.5pp
Current ratio1.45-1.17▼ 0.281.55within the sector's middle half▲ 0.371.59within the sector's middle half▲ 0.050.79below the sector's middle half▼ 0.810.32below the sector's middle half▼ 0.470.25below the sector's middle half▼ 0.071.44within the sector's middle half▲ 1.19
Return on assets (ROA)37.7%--5.5%▼ 43.2pp2.8%within the sector's middle half▲ 8.3pp13.0%above the sector's middle half▲ 10.2pp-92.1%below the sector's middle half▼ 105.1pp-108.1%below the sector's middle half▼ 16.0pp-46.8%below the sector's middle half▲ 61.3pp-18.2%below the sector's middle half▲ 28.5pp
above
within
below
the middle half of NACE 79, Travel agency, tour operator and other reservation service and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91,258
Fixed assets
€2,001 ▼ 35.9%
Current assets
€89,257 ▼ 11.1%
Equity and liabilities
Equity-€311,022
Debt€402,281
Equity is negative: debt (€402,281) exceeds the balance-sheet total (€91,258).
Key figures and ratios
EBITDA
-€3,167▲
2024 · -€36,053
Cash flow
-€15,506▲
2024 · -€47,295
Interest coverage
-0.26▲
2024 · -3.21
Debt ≤ 1 year
€61,774▼
2024 · €397,938
Debt > 1 year
€300,506
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,619 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.5% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84.5%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,619 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,299 | €1,292 | €886 | €296 | €417 | €1,121 | €1,121 | €1,121 | = |
| Other operating charges640/8 | - | - | - | €348 | €348 | €1,032 | €387 | €9,857 | ▲ 25× |
| Non-recurring operating charges66A | - | - | - | - | - | €10,000 | - | - | - |
| Gross operating margin9900 | €66,090 | -€23,568 | €4,662 | €66,209 | -€198,933 | -€113,288 | -€35,666 | €6,690 | - |
| Operating profit (loss)9901 | €64,443 | -€25,213 | €3,428 | €65,566 | -€199,698 | -€125,440 | -€37,175 | -€4,288 | ▲ 88.5% |
| Financial income75/76B | - | - | - | €745 | €44 | €484 | - | €3 | - |
| Recurring financial income75 | €7,790 | €3,670 | €9,438 | €745 | €44 | €484 | - | €3 | - |
| Financial charges65/66B | - | - | - | €1,237 | €778 | €6,472 | €11,242 | €12,343 | ▲ 9.8% |
| Recurring financial charges65 | €3,511 | €1,816 | €1,199 | €1,237 | €778 | €6,472 | €11,242 | €12,343 | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | €68,722 | -€23,358 | €11,667 | €65,074 | -€200,432 | -€131,428 | -€48,417 | -€16,628 | ▲ 65.7% |
| Income taxes67/77 | €19,893 | - | - | €9,689 | - | - | - | - | - |
| Profit (loss) for the period9904 | €48,829 | -€23,358 | €11,667 | €55,385 | -€200,432 | -€131,428 | -€48,417 | -€16,628 | ▲ 65.7% |
| Profit (loss) for the period to be appropriated9905 | €48,829 | -€23,358 | €11,667 | €55,385 | -€200,432 | -€131,428 | -€48,417 | -€16,628 | ▲ 65.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €129,451 | €425,184 | €419,074 | €425,198 | €217,660 | €121,597 | €103,544 | €91,258 | ▼ 11.9% |
| Fixed assets21/28 | €2,587 | €2,182 | €1,296 | €1,000 | €3,884 | €4,244 | €3,122 | €2,001 | ▼ 35.9% |
| Intangible fixed assets21 | - | - | - | - | - | €1,185 | €889 | €593 | ▼ 33.3% |
| Tangible fixed assets22/27 | €1,587 | €1,182 | €296 | €0 | €2,884 | €2,058 | €1,233 | €408 | ▼ 66.9% |
| Furniture and vehicles24 | - | - | - | €0 | €2,884 | €2,058 | €1,233 | €408 | ▼ 66.9% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €126,864 | €423,001 | €417,779 | €424,198 | €213,776 | €117,353 | €100,421 | €89,257 | ▼ 11.1% |
| Amounts receivable within one year40/41 | €86,742 | €275,721 | €136,071 | €120,051 | €137,546 | €105,468 | €96,931 | €49,212 | ▼ 49.2% |
| Trade receivables40 | - | - | - | €119,177 | €118,522 | €86,393 | €96,004 | €49,145 | ▼ 48.8% |
| Other amounts receivable41 | - | - | - | €874 | €19,024 | €19,075 | €927 | €67 | ▼ 92.8% |
| Cash at bank and in hand54/58 | €236 | €15,058 | €105,492 | €218,684 | €12,031 | €10,442 | €3,467 | €39,189 | ▲ 11× |
| Deferred charges and accrued income490/1 | - | - | - | €85,462 | €64,199 | €1,443 | €24 | €857 | ▲ 36× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €129,451 | €425,184 | €419,074 | €425,198 | €217,660 | €121,597 | €103,544 | €91,258 | ▼ 11.9% |
| Equity10/15 | €42,188 | €18,830 | €30,497 | €85,882 | -€114,550 | -€245,978 | -€294,395 | -€311,022 | ▼ 5.6% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €23,596 | €23,596 | €23,596 | €23,596 | €23,596 | €23,596 | €23,596 | €23,596 | = |
| Distributable reserves133 | - | - | - | €23,596 | €23,596 | €23,596 | €23,596 | €23,596 | = |
| Profit (loss) carried forward14 | - | -€23,358 | -€11,691 | €43,694 | -€156,738 | -€288,166 | -€336,583 | -€353,210 | ▼ 4.9% |
| Amounts payable17/49 | €87,263 | €406,354 | €388,578 | €339,316 | €332,210 | €367,575 | €397,938 | €402,281 | ▲ 1.1% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | - | €300,506 | - |
| Other amounts payable178/9 | - | - | - | - | - | - | - | €300,506 | - |
| Amounts payable within one year42/48 | €87,263 | €360,504 | €270,078 | €266,126 | €272,210 | €367,575 | €397,938 | €61,774 | ▼ 84.5% |
| Trade debts44 | €38,969 | €97,558 | €74,229 | €23,270 | €82,214 | €56,828 | €71,785 | €35,667 | ▼ 50.3% |
| Suppliers440/4 | - | - | - | €23,270 | €82,214 | €56,828 | €71,785 | €35,667 | ▼ 50.3% |
| Advances received on contracts in progress46 | - | - | - | €103,480 | €44,800 | €5,163 | €5,163 | €5,163 | = |
| Taxes, remuneration and social security45 | - | - | - | €27,690 | €9,689 | - | €12,019 | €7,796 | ▼ 35.1% |
| Taxes450/3 | - | - | - | €27,690 | €9,689 | - | €12,019 | €7,796 | ▼ 35.1% |
| Other amounts payable47/48 | - | - | - | €111,686 | €135,506 | €305,584 | €308,971 | €13,148 | ▼ 95.7% |
| Accrued charges and deferred income492/3 | - | - | - | €73,190 | €60,000 | - | - | €40,000 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,829 | -€23,358 | €11,667 | €55,385 | -€200,432 | -€131,428 | -€48,417 | -€16,628 | ▲ 65.7% |
| + Depreciation and write-downs630 | €1,299 | €1,292 | €886 | €296 | €417 | €1,121 | €1,121 | €1,121 | = |
| Operating cash flow (approximation) | €50,128 | -€22,065 | €12,553 | €55,681 | -€200,015 | -€130,307 | -€47,295 | -€15,506 | ▲ 67.2% |
| Investment in fixed assets (approximation) | - | -€888 | €0 | €0 | -€3,301 | -€1,481 | €0 | €0 | - |
| Change in cash | - | €14,823 | €90,434 | €113,192 | -€206,653 | -€1,589 | -€6,976 | €35,722 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 37 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00501944 |
| 31-12-2024 | full format | 29-08-2025 | 2025-00456450 |
| 31-12-2023 | full format | 30-08-2024 | 2024-00428244 |
| 31-12-2022 | full format | 09-10-2023 | 2023-00483466 |
| 31-12-2021 | full format | 10-06-2022 | 2022-20062723 |
| 31-12-2020 | micro format | 27-08-2021 | 2021-56700060 |
| 31-12-2019 | micro format | 31-08-2020 | 2020-50300091 |
| 31-12-2018 | micro format | 30-07-2019 | 2019-41100160 |
| 31-12-2017 | micro format | 27-08-2018 | 2018-52100160 |
| 31-12-2016 | full format | 15-06-2017 | 2017-19500200 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 1,430 active companies whose main activity is travel agency activities (NACE 79110), figures are known for 894. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, last change in 2023
Board 2
A ET S SERTANG
CurrentDirector · since 09-03-2023 · Private limited company · permanent representative: STÉPHANE SERTANG
VV Consulting
CurrentDirector · since 09-03-2023 · Private limited company · permanent representative: VINCENT VANDENBROECK
Permanent representatives 2
STÉPHANE SERTANG
CurrentPermanent representative · since 09-03-2023 · for A ET S SERTANG
VINCENT VANDENBROECK
CurrentPermanent representative · since 09-03-2023 · for VV Consulting
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
5 of this company's 8 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
4 people since 2023, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| A ET S SERTANG |
|
| VV Consulting |
|
| JACQUES BRUYNS |
|
| Vincent Vandenbroeck |
|
Owners and capital
Owners
2 ownersOwners 2
-
50%
-
50%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital over the years
- 08-02-2024 Converted to unavailable equity
Group and network
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format · 31 days late
2025
31-12
Financial
Liquidity more than 5 timescurrent ratio 1.44
Current ratio from 0.25 to 1.44; short-term debt falls from €397,938 to €61,774.
29-08
NBB filing
Annual accounts filed
financial year 2024 · full format · 29 days late
12-05
Gazette deed
Permanent representative: Vincent VandenbroeckRegistered-office move4 facts ▸
Gazette deed
Permanent representative: Vincent Vandenbroeck
Registered-office move4 facts ▸
- General meeting, 10-01-2025
- Registered-office move, Boulevard du Souverain 24 1170 Bruxelles
- Permanent representative, Vincent Vandenbroeck
- Director in office, VW Consulting SRL (director)
2024
30-08
NBB filing
Annual accounts filed
financial year 2023 · full format · 30 days late
08-02
Gazette deed
Registered office · Legal-form changeCapital conversion · Amendment of the articles · Registered-office move7 facts ▸
Gazette deed
Registered office · Legal-form change
Capital conversion · Amendment of the articles · Registered-office move7 facts ▸
- General meeting, 27-12-2023
- Capital conversion, “compte de capitaux propres statutairement indisponibles” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponibles ainsi créé, suppression” (deed in French)
- Amendment of the articles
- Registered-office move, 1170 Bruxelles,boulevard du Souverain,36
- Capital
- Power of attorney
2023
09-10
NBB filing
Annual accounts filed
financial year 2022 · full format · 70 days late
14-04
Gazette deed
Resignations: JACQUES BRUYNS (director) and VINCENT VANDENBROECK (director)Appointments: A ET S SERTANG (director) and VV Consulting (director) · Permanent representatives: STÉPHANE SERTANG and VINCENT VANDENBROECK · Director discharge9 facts ▸
Gazette deed
Resignations: JACQUES BRUYNS (director) and VINCENT VANDENBROECK (director)
Appointments: A ET S SERTANG (director) and VV Consulting (director) · Permanent representatives: STÉPHANE SERTANG and VINCENT VANDENBROECK · Director discharge9 facts ▸
- General meeting, 09-03-2023
- Director resignation, JACQUES BRUYNS (director)
- Director resignation, VINCENT VANDENBROECK (director)
- Director discharge, JACQUES BRUYNS
- Director discharge, VINCENT VANDENBROECK
- Director appointment, A ET S SERTANG (director)
- Director appointment, VV Consulting (director)
- Permanent representative, STÉPHANE SERTANG (representative)
- Permanent representative, VINCENT VANDENBROECK (director)
2022
31-12
Financial
Weakest financial yearnet -€200,432
Net result drops to -€200,432, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
financial year 2021 · full format
2021
31-12
Financial
Highest result from 2018 to 2025net €55,385 ▲375%
Operating result €65,566, net result €55,385, both a record.
27-08
NBB filing
Annual accounts filed
financial year 2020 · micro format · 27 days late
Show earlier events
2020
31-12
Financial
Back to profitnet €11,667
Net result €11,667 after one loss-making year.
31-08
NBB filing
Annual accounts filed
financial year 2019 · micro format · 31 days late
2019
30-07
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
27-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 27 days late
2017
15-06
NBB filing
Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 37 annual accounts filed, the latest 10 are here; all 37 are under Financials.
3 of 8 deeds read
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded17-12-1987
Financial year end31-12
Activities, NACEBEL 2025
79110Travel agency activities
70200Business and other management consultancy
73300Public relations and communication consultancy
79120Travel agency, tour operator and other reservation service and related activities
82100Office administrative and support services
82300Organisation of conventions and trade shows
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432696412
Also
9925:BE0432696412
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 1987
Ground area
2,183 m²
Building footprint
716 m²
Building volume
9,799 m³
Parcel 21652E0165/00Y007, Brussels · tallest building 19.5 m. Linked by address, not a title deed.
87
companies at this address
See who is registered here
1 establishment unit
MASTER SWITCH
since 1987unit no. 2.032.243.931
1 parcel
Brussels
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21652E0165/00Y007 | Brussels | 2,183 m² | 1 · 716 m² | 19.5 m · 5 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'agence d'assurance et de prêts,de consulting en assurances sous toutes ses formes; La fourniture des services d'animation,de…” (deed in French)
7 activities (deed in French)
- L'agence d'assurance et de prêts,de consulting en assurances sous toutes ses formes.
- La fourniture des services d'animation,de promotion,d'organisation,de publicité.de relations publiques,de conseil ou de consulting sous toutes ses formes en matière de compétition sportive,tant en Belgique qu’à l'étranger.
- L'achat,la vente,l'importation,l'exportation,la location,la préparation de véhicules automoteurs neuf ou d'occasion,la réparation mécanique au sens le plus large et de façon générale,toutes activités se rapportant de près ou de loin au secteur automobile.
- La fourniture des services de consulting,de publicité,d'imprimerie,d'édition,de diffusion,de programmation,de recrutement et de gestion de main d'œuvre pour toutes entreprises,projet,hôpitaux et fabriques,tant en Belgique qu'à l'étranger.
- L'importation,l'exportation,la fabrication,la production,l'acquisition,la vente,la composition,la manufacture,la confection,la distribution,l'échange,l'entreposage,la conservation,l'emballage,le transport et l'utilisation de tous produits quelconques,en matière premières ou produits finis ou semi-finis,denrées alimentaires,articles textiles,vêtements,bijoux et accessoires,ainsi que tous produits hygiéniques au sens large.
- L'achat,la vente,la location,la gestion,la rénovation,la construction et l'exploitation de tout immeuble,terrain ou construction,boutiques,supermarchés,logements,restaurants,hôtels,garages,ateliers ainsi que la consultation et le conseil en toute matière immobilière,tant en Belgique qu'à l’étranger.
- La fourniture de services de transport de courrier,colis ou tout autre bien,tant en Belgique qu'à l'étranger.
- Name clauseThe name the company operates under according to its articles.
- MASTER SWITCH
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- One provision in the deed
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Dans ce cas, l'assemblée générale, lors de sa première réunion, confirme ou non le mandat de l’ administrateur coopté. L'administrateur…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)“Représentant permanent personne morale administrateur ou délégué gestion journalière, règles conflit d'intérêt organe administration…” (deed in French)“Désigné et confirmé termine mandat prédécesseur, vacance place administrateur par décès,démission ou autre cause” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “État résumant situation active et passive arrêtée à date ne remontant pas à plus de trois mois, outre causes légales” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Hors dissolution judiciaire ou dissolution pouvant être prononcée par tribunal à demande de tout intéressé, solde réparti également entre…” (deed in French)