MASTERBOUW
MASTERBOUW has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €76k and a net result of €135k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 38% of 9989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
| Equity | €76k |
| Net result | €135k |
| Better than sector | 38% |
| Active | 19 yrs |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 31.2% | 42.3% | |
| Net result | €135k | €8k | |
| Equity | €76k | €45k | |
| Gross operating margin | €154k | €31k | |
| Total assets | €244k | €125k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €146k | €-131k | €30k | €44k | €-56k |
| Net profit | €135k | €-144k | €27k | €40k | €-64k |
| Cash flow | €138k | €-142k | €29k | €42k | €-58k |
| Staff costs | - | - | - | - | - |
| Income taxes | €9k | €5k | - | €52 | €202 |
| Dividends | - | - | - | - | - |
| Total assets | €244k | €156k | €229k | €332k | €184k |
| Equity | €76k | €-59k | €85k | €58k | €18k |
| Debt | €168k | €215k | €144k | €274k | €166k |
| of which ≤ 1y | €167k | €208k | €125k | €255k | €138k |
| of which > 1y | - | €4k | €19k | €19k | €28k |
| Working capital | €68k | €-58k | €95k | €69k | €-3k |
| Employees (FTE) | - | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 1.41 | 0.72 | 1.76 | 1.27 | 0.97 |
| Quick ratio | 1.36 | 0.66 | 1.65 | 1.23 | 0.89 |
| Working capital ratio | 27.8% | -37.3% | 41.5% | 20.6% | -1.9% |
| Solvency | 31.2% | -38.0% | 37.0% | 17.5% | 9.8% |
| Debt / equity | 2.20 | -3.63 | 1.70 | 4.70 | 1.52 |
| Long-term debt ratio | - | -0.07 | 0.22 | 0.33 | 1.52 |
| Interest coverage | 115.98 | -21.10 | 25.84 | 19.36 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 55.4% | -92.5% | 11.6% | 12.1% | -34.7% |
| ROE | 177.7% | 243.5% | 31.4% | 69.0% | -352.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €244k | €156k | €229k | €332k | €184k |
| Fixed assets | 21/28 | €10k | €6k | €9k | €9k | €49k |
| Tangible fixed assets | 22/27 | €7k | €4k | €6k | €4k | €44k |
| Financial fixed assets | 28 | €3k | €3k | €3k | €5k | €5k |
| Current assets | 29/58 | €235k | €150k | €221k | €323k | €135k |
| Stocks & contracts in progress | 3 | €7k | €12k | €14k | €10k | €12k |
| Amounts receivable within one year | 40/41 | €127k | €106k | €171k | €297k | €116k |
| Cash & bank | 54/58 | €93k | €30k | €35k | €15k | €4k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €244k | €156k | €229k | €332k | €184k |
| Equity | 10/15 | €76k | €-59k | €85k | €58k | €18k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | - |
| Reserves | 13 | €203k | €68k | €68k | €68k | €68k |
| Accumulated profits (losses) | 14 | €-133k | €-133k | €11k | €-16k | €-56k |
| Amounts payable | 17/49 | €168k | €215k | €144k | €274k | €166k |
| Amounts payable after one year | 17 | - | €4k | €19k | €19k | €28k |
| Amounts payable within one year | 42/48 | €167k | €208k | €125k | €255k | €138k |
| Trade debts payable within one year | 44 | €52k | €42k | €68k | €216k | €95k |
| Income statement | ||||||
| Gross operating margin | 9900 | €154k | €-83k | €33k | €50k | €-53k |
| Operating result | 9901 | €144k | €-134k | €28k | €42k | €-61k |
| Financial income | 75 | €1k | €655 | €351 | €274 | €248 |
| Financial charges | 65 | €1k | €6k | €1k | €2k | €2k |
| Result before taxes | 9903 | €144k | €-139k | €27k | €40k | €-64k |
| Income taxes | 67/77 | €9k | €5k | - | €52 | €202 |
| Net result for the period | 9904 | €135k | €-144k | €27k | €40k | €-64k |
| Result to be appropriated | 9905 | €135k | €-144k | €27k | €40k | €-64k |
-
MAKSIMOWICZ Jerzy MarcinDirectorState Gazette act 25316094 (04-03-2025)Current04-03-2025 → present
| NACE primary | General construction of residential buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 29-12-2006 |
| Status | Active |
| Postal code | 9940 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44302E0526/00K000 | Flanders | 4,041 m² | 1 · 2,120 m² | 8.1 m · 2 fl. |
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
25-04-2025 Registered office moved within Evergem
- Westbekesluis 2/A5 - 9940 Evergem → Durmakker 25/A5 9940 Evergem
Technical details
{
"events": [
{
"kind": "zetel_clause_amendment_no_move",
"seat_type": "siege_social",
"new_address": {
"raw": "Durmakker 25/A5\n9940 Evergem",
"city": "Evergem",
"region": "vlaams_gewest",
"street": "Durmakker",
"country": "BE",
"postcode": "9940",
"box_number": "A5",
"street_number": "25",
"locality_suffix": null
},
"old_address": {
"raw": "Westbekesluis 2/A5 - 9940 Evergem",
"city": "Evergem",
"region": "vlaams_gewest",
"street": "Westbekesluis",
"country": "BE",
"postcode": "9940",
"box_number": "A5",
"street_number": "2",
"locality_suffix": null
},
"effective_date": "2025-02-27",
"evidence_quote": "Er blijkt uit de beslissing van de bestuurder d.d. 19 maart 2025 dat werd vastgesteld dat de zetel van de vennootschap middels notari\u00EBle akte d.d. 27 februari 2025 per misslag werd verplaatst naar: Westbekesluis 2/A5 9940 Evergem",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-04-25",
"filing_date": "2025-04-16",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "enige_bestuurder",
"date": "2025-03-19",
"unanimous": null
},
"subject_company": {
"kbo": "0886.033.533",
"name_full": "MASTERBOUW",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": "La Dullaert CommV",
"person_name": "Nele Dullaert",
"org_rep_person_name": null,
"person_role_at_subject": "zaakvoerder"
},
"co_filed_documents": []
}04-03-2025 Registered office moved to Evergem
- 9940 Evergem, Westbekesluis 2/A5
Technical details
{
"events": [
{
"kind": "zetel_transfer_cross_border_in",
"seat_type": "siege_social",
"new_address": {
"raw": "9940 Evergem, Westbekesluis 2/A5",
"city": "Evergem",
"region": "vlaams_gewest",
"street": "Westbekesluis",
"country": "BE",
"postcode": "9940",
"box_number": "A5",
"street_number": "2",
"locality_suffix": null
},
"old_address": null,
"effective_date": null,
"evidence_quote": "De buitengewone algemene vergadering beslist dat het adres van de zetel met een ingang vanaf heden zal verplaatst worden naar: 9940 Evergem, Westbekesluis 2/A5.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "INES HOUTSAEGER",
"firm_city": null,
"firm_name": null,
"office_city": "Sint-Niklaas",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-03-04",
"filing_date": "2025-02-28",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2025-02-27",
"unanimous": true
},
"subject_company": {
"kbo": "0886.033.533",
"name_full": "MASTERBOUW",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "CommV La Dullaert",
"person_name": null,
"org_rep_person_name": "Dullaert Nele",
"person_role_at_subject": null
},
"co_filed_documents": [
"een expeditie van de akte",
"geco\u00F6rdineerde statuten"
]
}| Legal nameNL | MASTERBOUW |