MASTERDAK
ActiveSummary
MASTERDAK has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €16k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 38% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+34
Solvency61▼-4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.8 in 2024; short-term debt: 63.7% and cash: 1.1% of total assets), and 63.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 43
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
274 d late
2022
185 d late
2021
30 d late
2020
30 d late
2019
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▲ 6.4%
2024 · €39k
2019: €26k
2020: €35k
2021: €40k
2022: €35k
2023: €32k
2024: €39k
2019 → 2025
Total assets
€113k▲ 18.2%
2024 · €96k
2019: €81k
2020: €81k
2021: €70k
2022: €66k
2023: €55k
2024: €96k
2019 → 2025
Net result
€16k▲ 139%
2024 · €7k
2019: €13k
2020: €9k
2021: €4k
2022: €-5k
2023: €-3k
2024: €7k
2019 → 2025
Working capital
€-6k▲ 48.5%
2024 · €-11k
2019: €22k
2020: €25k
2021: €30k
2022: €17k
2023: €18k
2024: €-11k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€35k▼ 11.9%€32k▼ 8.3%€39k▲ 20.6%€41k▲ 6.4%
Operating result€8k-€-1k€2k€19k▲ 1,042%€29k▲ 53.4%
Net result€4k-€-5k€-3k▲ 38.3%€7k€16k▲ 139%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 53% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €113k
Fixed assets
€47k ▼ 6.0%
Current assets
€67k ▲ 44.3%
Equity and liabilities €113k
Equity
€41k ▲ 6.4%
Debt
€72k ▲ 26.2%
Debt's share of the balance-sheet total rises from 59.7% to 63.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30k▲
2024 · €22k
Cash flow
€17k▲
2024 · €10k
Current ratio
0.92▲
2024 · 0.80
Debt to equity
1.76▲
2024 · 1.48
ROE
38.4%▲
2024 · 17.1%
ROA
14.0%▲
2024 · 6.9%
Interest coverage
5.34▲
2024 · 2.35
Debt ≤ 1 year
€72k▲
2024 · €57k
Income taxes
€7k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€96k€113k▲
Fixed assets21/28€50k€47k▼
Tangible fixed assets22/27€10k€7k▼
Land and buildings22€4k€6k▲
Plant, machinery and equipment23-€930
Furniture and vehicles24€5k€0▼
Other tangible fixed assets26€464€0▼
Financial fixed assets28€40k€40k=
Current assets29/58€46k€67k▲
Amounts receivable within one year40/41€43k€45k▲
Trade receivables40€40k€41k▲
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1-€20k
Equity and liabilities
Total equity and liabilities10/49€96k€113k▲
Equity10/15€39k€41k▲
Contributions10/11€6k€6k=
Reserves13€33k€35k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€31k€33k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€57k€72k▲
Amounts payable within one year42/48€57k€72k▲
Financial debts43€405€0▼
Credit institutions430/8€405€0▼
Trade debts44€20k€20k▲
Suppliers440/4€20k€20k▲
Taxes, remuneration and social security45€3k€14k▲
Taxes450/3€3k€14k▲
Other amounts payable47/48€34k€38k▲
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Other operating charges640/8€386€751▲
Non-recurring operating charges66A€0-
Gross operating margin9900€23k€31k▲
Operating profit (loss)9901€19k€29k▲
Financial income75/76B€94€0▼
Recurring financial income75€94€0▼
Financial charges65/66B€10k€6k▼
Recurring financial charges65€10k€6k▼
Profit (loss) for the period before taxes9903€9k€23k▲
Income taxes67/77€3k€7k▲
Profit (loss) for the period9904€7k€16k▲
Profit (loss) for the period to be appropriated9905€7k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€16k▲
Transfer from equity791/2€0€13k▲
Transfer to equity691/2€7k€16k▲
To other reserves6921€7k€16k▲
Profit to be distributed694/7-€13k
Return on contributions (dividend)694-€13k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €16k ▲139%
Operating result €29k, net result €16k, both a record.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 274 days late
31-03
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
2023
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 185 days late
2022
31-03
Financial
Weakest financial yearnet €-5k ▼209%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brasschaat · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Simonslei 192930 BrasschaatGround area
717 m²
Building footprint
148 m²
Volume, LiDAR
774 m³
Parcel 11323F0025/00W002, Flanders · tallest building 16.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Simonslei 19, 2930 Brasschaat
since 20122.208.450.270
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0025/00W002 | Flanders | 717 m² | 1 · 148 m² | 16.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AGRO-BAT
BE 1013.760.955
Vilvoorde · Eq €41,252
NIVELLE DAK- EN BOUWWERKEN
BE 1001.621.802
Riemst · Eq €41,092
CORBO
BE 0864.613.161
Gent · Eq €41,087
DAKWERKEN VINCKIER
BE 0802.793.180
Mesen · Eq €41,069
DEBOTZ JEROME
BE 0803.721.511
Jodoigne · Eq €41,343
Of 8,561 companies in sector 43410 we hold annual accounts for 4,357. 3,585 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-03-2012
Fiscal year end31-03
Activities, NACEBEL 2025
43410Roofing work
43221Plumbing work
43421Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.