Masterbuild
ActiveSummary
For Masterbuild, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €1,111 and a net result of -€3,260. Equity is shrinking by ~30.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 95% of 36378 sector peers (fiscal year 2024). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability0=
Solvency100▲+21
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Age of the figures
Age of the figures
27 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 242 days later.
NBB · 10 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 31-01-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
on the day
2023
on the day
2022
9 d late
2021
on the day
2020
2 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€1,111▼ 74.6%
2023 · €4,371
Total assets
€1,111▼ 86.2%
2023 · €8,024
Net result
-€3,260▲ 1.8%
2023 · -€3,318
Working capital
€4,371▼ 43.2%
2022 · €7,690
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€21,633-€3,670-€1,315▲ 64.2%-€3,257▼ 148%-€3,199▲ 1.8%
Net result€22,026within the sector's middle half-€3,733below the sector's middle half-€1,382below the sector's middle half▲ 63.0%-€3,318below the sector's middle half▼ 140%-€3,260below the sector's middle half▲ 1.8%
Equity€12,805below the sector's middle half€9,072below the sector's middle half▼ 29.2%€7,690below the sector's middle half▼ 15.2%€4,371below the sector's middle half▼ 43.2%€1,111below the sector's middle half▼ 74.6%
Total assets€75,448within the sector's middle half▲ 71.7%€11,675below the sector's middle half▼ 84.5%€9,915below the sector's middle half▼ 15.1%€8,024below the sector's middle half▼ 19.1%€1,111below the sector's middle half▼ 86.2%
Debt€62,643▲ 17.9%€2,603▼ 95.8%€2,226▼ 14.5%€3,653▲ 64.2%
Working capital€31,285within the sector's middle half▲ 238%€9,072within the sector's middle half▼ 71.0%€7,690within the sector's middle half▼ 15.2%€4,371within the sector's middle half▼ 43.2%
Solvency17.0%below the sector's middle half▲ 38.0pp77.7%above the sector's middle half▲ 60.7pp77.6%above the sector's middle half▼ 0.1pp54.5%within the sector's middle half▼ 23.1pp
Current ratio1.71within the sector's middle half▲ 0.444.48above the sector's middle half▲ 2.784.46above the sector's middle half▼ 0.032.20within the sector's middle half▼ 2.26
Return on assets (ROA)29.2%above the sector's middle half▲ 40.0pp-32.0%below the sector's middle half▼ 61.2pp-13.9%below the sector's middle half▲ 18.0pp-41.4%below the sector's middle half▼ 27.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,199 in 2024 against €3,257 in 2023; the loss shrinks.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €479 | €619 | €532 | ▼ 13.9% |
| Gross operating margin9900 | €26,301 | -€3,138 | -€837 | -€2,639 | -€2,667 | ▼ 1.1% |
| Operating profit (loss)9901 | €21,633 | -€3,670 | -€1,315 | -€3,257 | -€3,199 | ▲ 1.8% |
| Financial income75/76B | - | - | - | €8 | - | - |
| Recurring financial income75 | €440 | - | - | €8 | - | - |
| Financial charges65/66B | - | - | €67 | €69 | €61 | ▼ 11.6% |
| Recurring financial charges65 | €47 | €63 | €67 | €69 | €61 | ▼ 11.6% |
| Profit (loss) for the period before taxes9903 | €22,026 | -€3,733 | -€1,382 | -€3,318 | -€3,260 | ▲ 1.8% |
| Profit (loss) for the period9904 | €22,026 | -€3,733 | -€1,382 | -€3,318 | -€3,260 | ▲ 1.8% |
| Profit (loss) for the period to be appropriated9905 | €22,026 | -€3,733 | -€1,382 | -€3,318 | -€3,260 | ▲ 1.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,448 | €11,675 | €9,915 | €8,024 | €1,111 | ▼ 86.2% |
| Current assets29/58 | €75,448 | €11,675 | €9,915 | €8,024 | €1,111 | ▼ 86.2% |
| Amounts receivable within one year40/41 | €75,230 | €11,279 | €9,515 | €7,760 | - | - |
| Other amounts receivable41 | - | - | €9,515 | €7,760 | - | - |
| Cash at bank and in hand54/58 | €218 | €396 | €400 | €265 | €1,111 | ▲ 320% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,448 | €11,675 | €9,915 | €8,024 | €1,111 | ▼ 86.2% |
| Equity10/15 | €12,805 | €9,072 | €7,690 | €4,371 | €1,111 | ▼ 74.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €2,395 | €2,395 | €2,395 | €2,395 | €2,395 | = |
| Non-distributable reserves130/1 | - | - | €620 | €620 | €620 | = |
| Legal reserve130 | - | - | €620 | €620 | €620 | = |
| Distributable reserves133 | - | - | €1,775 | €1,775 | €1,775 | = |
| Profit (loss) carried forward14 | -€51,590 | -€55,323 | -€56,705 | -€60,024 | -€63,284 | ▼ 5.4% |
| Amounts payable17/49 | €62,643 | €2,603 | €2,226 | €3,653 | - | - |
| Amounts payable after more than one year17 | €18,481 | - | - | - | - | - |
| Amounts payable within one year42/48 | €44,163 | €2,603 | €2,226 | €3,653 | - | - |
| Other amounts payable47/48 | - | - | €2,226 | €3,653 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,026 | -€3,733 | -€1,382 | -€3,318 | -€3,260 | ▲ 1.8% |
| Operating cash flow (approximation) | €22,026 | -€3,733 | -€1,382 | -€3,318 | -€3,260 | ▲ 1.8% |
| Change in cash | - | €177 | €5 | -€136 | €846 | ▲ 723% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity triplescurrent ratio 4.48
Current ratio from 1.71 to 4.48; short-term debt falls from €44,163 to €2,603.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €22,026
Net result €22,026 after one loss-making year.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Katelijne-Waver · 1 establishment unit since 1995
Ground area
477 m²
Building footprint
426 m²
Volume, LiDAR
7,535 m³
2 parcels, Flanders · tallest building 24.2 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
W.M. Management
since 19952.102.830.831
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025D0874/00W000 | Flanders | 364 m² | 1 · 314 m² | 24.2 m · 7 fl. |
| 12027C0140/00R002 | Flanders | 113 m² | 1 · 113 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 751 companies in this sector we hold annual accounts for 424. 46 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded04-10-1991
Fiscal year end30-06
Activities, NACEBEL 2025
43422Screed work
70200Business and other management consultancy
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43211General electrical installation work
43230Insulation installation
43331Floor and wall tiling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445324327
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.