MasterBox
ActiveSummary
MasterBox has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,488 and a net result of €20,472. Equity is growing by about 75% per year across the filed financial years. Its solvency ranks better than 77% of 17,080 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €26,488
- Profit
- €20,472
- BIOT Antoine Jean-Louis JosephDirector
- LOZINGUEZ Alexandre Jean-Marie Jean-MichelDirector
- ZALUDKOWSKI RenaudDirector
Why 97raises riskSize: total assets €39,8982 of the last 3 latelowers riskLiquidity: current ratio 4.85, cash €27,853Sector: Real estate activities (NACE 68)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro): better than 75% on solvency, 93% on liquidity, 95% on profitability and 97% on growth.
The bankruptcy probability was computed on 28-10-2026 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).
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Signals
This company filed its last 3 accounts on average 31 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €20,472
- Liquidity more than doubledcurrent ratio 4.85
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result returns to profit in 2025: €24,475 after a loss of €4,484 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate 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).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 39,278 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €327 | €613 | ▲ 87.7% |
| Other operating charges640/8 | - | €3,380 | €5,046 | ▲ 49.3% |
| Gross operating margin9900 | €3,883 | -€778 | €30,134 | - |
| Operating profit (loss)9901 | €3,883 | -€4,484 | €24,475 | - |
| Financial income75/76B | €46 | €12 | €28 | ▲ 128% |
| Recurring financial income75 | €46 | €12 | €28 | ▲ 128% |
| Financial charges65/66B | €49 | €116 | €60 | ▼ 48.2% |
| Recurring financial charges65 | €49 | €116 | €60 | ▼ 48.2% |
| Profit (loss) for the period before taxes9903 | €3,881 | -€4,588 | €24,443 | - |
| Income taxes67/77 | €776 | - | €3,971 | - |
| Profit (loss) for the period9904 | €3,105 | -€4,588 | €20,472 | - |
| Profit (loss) for the period to be appropriated9905 | €3,105 | -€4,588 | €20,472 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €13,451 | €17,743 | €39,898 | ▲ 125% |
| Fixed assets21/28 | - | €1,512 | €899 | ▼ 40.5% |
| Intangible fixed assets21 | - | €1,512 | €899 | ▼ 40.5% |
| Current assets29/58 | €13,451 | €16,231 | €38,999 | ▲ 140% |
| Amounts receivable within one year40/41 | €4,124 | €406 | €5,336 | ▲ 13× |
| Trade receivables40 | €4,124 | - | €4,907 | - |
| Other amounts receivable41 | - | €406 | €429 | ▲ 5.6% |
| Cash at bank and in hand54/58 | €7,647 | €13,969 | €27,853 | ▲ 99.4% |
| Deferred charges and accrued income490/1 | €1,680 | €1,856 | €5,810 | ▲ 213% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €13,451 | €17,743 | €39,898 | ▲ 125% |
| Equity10/15 | €10,605 | €6,016 | €26,488 | ▲ 340% |
| Contributions10/11 | €7,500 | €7,500 | €7,500 | = |
| Reserves13 | - | - | €18,988 | - |
| Distributable reserves133 | - | - | €18,988 | - |
| Profit (loss) carried forward14 | €3,105 | -€1,484 | €0 | - |
| Amounts payable17/49 | €2,846 | €11,727 | €13,410 | ▲ 14.4% |
| Amounts payable within one year42/48 | €2,846 | €7,171 | €8,042 | ▲ 12.1% |
| Trade debts44 | €384 | €3,095 | - | - |
| Suppliers440/4 | €384 | €3,095 | - | - |
| Taxes, remuneration and social security45 | €2,195 | €2,708 | €6,674 | ▲ 146% |
| Taxes450/3 | €2,195 | €2,708 | €6,674 | ▲ 146% |
| Other amounts payable47/48 | €267 | €1,368 | €1,368 | = |
| Accrued charges and deferred income492/3 | - | €4,556 | €5,368 | ▲ 17.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,105 | -€4,588 | €20,472 | - |
| + Depreciation and write-downs630 | - | €327 | €613 | ▲ 87.7% |
| Operating cash flow (approximation) | €3,105 | -€4,262 | €21,085 | - |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | €6,322 | €13,884 | ▲ 120% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-07-2026 | 2026-00318529 |
| 31-12-2024 | micro format | 10-10-2025 | 2025-00539097 |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00442889 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BIOT Antoine Jean-Louis Joseph |
|
| LOZINGUEZ Alexandre Jean-Marie Jean-Michel |
|
| ZALUDKOWSKI Renaud |
|
The directors' other companies
1 other company of this director was struck off by the FPS Economy (2025).
- BANYNGA struck off on 08-09-2025Official Gazette
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it. Only boards we have read from the Gazette; other companies may still be missing.
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
17-11
Gazette deed
IncorporationAppointments: ZALUDKOWSKI Renaud, BIOT Antoine Jean-Louis Joseph and LOZINGUEZ Alexandre Jean-Marie Jean-Michel · Founder · Founding capital17 facts ▸
- Incorporation, “MasterBox” (deed in French)
- Founder, ZALUDKOWSKI Renaud
- Founder, BIOT Antoine Jean-Louis Joseph
- Founder, LOZINGUEZ Alexandre Jean-Marie Jean-Michel
- Founding capital, €7,500
- Bank account, 7500, EUR
- Other provision, 14-11-2022
- Other provision, “responsabilitédesfondateurs, faillitedanslestroisansdelaconstitution” (deed in French)
- Other provision, “dispositions finales efficacité, dépôt greffe expédition constitutive” (deed in French)
- Registered office clause, “1000 Bruxelles,rue de la Grosse Tour 7” (deed in French)
- Other provision, “site internet adresse électronique” (deed in French)
- Board rule, 3
- +5 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 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
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21807G0016/00A003 | Brussels | 332 m² | 1 · 492 m² | 25.5 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutesactivitésliéesdeprèsoudeloinaugardiennagedemeubles,locationsdelocauxdestinésaustockagedetoutemarchandiseouproduit,gardemeublessécurisé…” (deed in French)
19 activities (deed in French)
- Toutesactivitésliéesdeprèsoudeloinaugardiennagedemeubles,locationsdelocauxdestinésaustockagedetoutemarchandiseouproduit,gardemeublessécurisésounon,leself-stockage,miseàdispositiond'espacesdestockage,deparkings,d'espacesd'archivagestantpourlesentreprisesquepourlesparticuliersetl'entreposagedebiensdiversoumarchandisesparoupourcomptedetiers.
- Ellepeutaccomplirtoutesopérationsgénéralementquelconques,commerciales,industrielles,financières,mobilièresouimmobilières,serapportantdirectementouindirectementàsonobjet.
- Ellepeuts'intéresserpartoutesvoies,danstoutesaffaires,entreprisesousociétésayantunobjetidentique,analogueouconnexeouquisontdenatureàfavoriserledéveloppementdesonentreprise,àluiprocurerdesmatièrespremièresouàfaciliterl'écoulementdesesproduits.
- L'acquisition,lavente,l'échange,laconstruction,leleasing,lalocationmeubléeounontantcommebailleurquecommelocataire,ainsiquelamiseenvaleur,larénovation,l'aménagement,ladémolition,latransformation,ladécoration,lelotissement,l'expertise,larevente,lecourtage,lapromotion,detousbiensimmobiliersdequelquenature,situésenBelgiqueouàl'étranger.
- Toutesactivitéprofessionnelled'agentimmobilier,àsavoirlaréalisation,pourlecomptedetiers:desactivitésd'intermédiaireenmatièredévente,d'achat,d'échange,delocation,decessionoud'estimationdebiensimmobiliers,droitsimmobiliersoufondsdecommerce;desactivitésd'administrateurdeb iensassurant:soitlagestiondebiensimmobiliersoudedroitsimmobiliers;soitlafonctiondesyndicdebiensimmobiliersencopropriété.
- Lagestiondanslapluslargeacceptationduterme,desonpatrimoineimmobilierpropre.
- Lagestiondessociétésprivéesetd'immeublesencopropriété.L'administrationdebiensimmobiliers,résidentielsounon,pourcomptedetiersavec,s in écessaire,lapriseenchargeaunomdespropriétairesdel'ensembledesservicesnécessairesaufonctionnementdesimmeublesgérés.
- Lasociétépourraaccomplirtoutesprestationsdeservicesettravauxdenettoyageetd'entretienausenslargeetencecompris,toustravauxdanslesecteurdubâtiment.
- Lasociétépeutaccomplirtoutesopérationsgénéralementquelconquesmobilièresouimmobilières,industrielles,commercialesoufinancières,serapportantàsonobjetouquipeuventdirectementouindirectementenfavoriserlaréalisation.
- D'unemanièregénérale,lasociétépourraf airetouteopérationrelativeàl'importation,l'exportation,l'achat,lavente,lareprésentation,lafabrication,lacommercialisationetlenégoceengénéral,engrosouendétaildetouteespècedemarchandisesetdetoustypesdesupportenrapportavecl'objetdelasociété.
- L'acquisition,laventeoul'échangedetoutdroitmobilieretdetoutevaleurmobilière,encecomprisnotammentlaconstitutionetlagestiond'unportefeuilledevaleursmobilièrespoursoncomptepropreuniquement.
- Lasociétépeut,enoutre,prendrepart,directementouindirectementàl'activitédetoutessociétésouentreprisesayantunobjetidentique,similaireouconnexeoudontl'activitéesttellequ'unecollaborationavec cettesociétéouentreprisepeutprofiteràlasociétéetcenotammentparapport,fusion,collaboration,participation,interventionfinancièreoudetouteautrefaçon.
- Lasociétépeutseportergarantoufournirdessûretésréellespourdes sociétésoudespersonnesprivées,ausenslepluslarge.
- Ellepeutégalementexercerlesfonctionsd'administrateur,degérantoudeliquidateurdansd'autressociétés.
- Consentirtousprêts,créditsetavancessousquelqueformequesoit etpourquelqueduréequesoit,àtoutesentreprisesaffiliéesoudanslaquellelasociétépossèdeuneparticipation.
- Sevoiroctroyer,sousquelqueformequesoitetpourquelqueduréequesoit,tousprêts,créditsetavancespartoutepersonnephysiqueoumoraledanslecadredesesactivités.
- Donnercaution,avaloutoutesgarantiesgénéralementquelconques,tantpoursespropresengagementsquepourlesengagementsdetiers,entreautresendonnantsesbiensenhypothèqueouengage,ycomprissonfondsdecommerce;
- Elledispose,d'unemanièregénérale,d'unepleinecapacitéjuridiquepouraccomplirtouslesactesetopérationsayantunrapportdirectorindirectavec sonobjetouquiseraientdenatureàfaciliterdirectementouindirectement,entièrementoupartiellement,laréalisationdecetobjet.
- Lasociétépeutfairetoutplacementmobiliersetimmobilierspoursonproprecompte.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MasterBox
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)“Rémunération des administrateurs, portée aux frais généraux indépendamment frais représentation voyages déplacements” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement au nombre d'actions, cessions entre vifs à personne autre que celles visées à l'alinéa…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale, modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed