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Masterénovation
ActiveFrom the official registers: KBO 3 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of Masterénovation is 1.7% (moderate). The 2025 annual accounts show equity of €127,239 and a net result of €117,945. Its solvency ranks better than 69% of 34,855 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 15-01-2024 Normal situation
- Legal form
- Private limited company
- Registered office
- Excelsiorlaan 10, 1930 Zaventem
- Activity
- Roofing work NACE 43410and 7 others
- Establishment unit
- 2.356.257.583 6200 Châtelet, since 15-01-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 07-11-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 1.7%
Annual accounts 2025
- Gross margin
- €154,741
- ▲ 13×
- Turnover
- ≈ €500,000
- estimated
- Profit
- €117,945
- ▲ 13×
- Equity
- €127,239
- ▲ 14×
- Total assets
- €199,019
- ▲ 64.1%
Net result +1,169%: other schema2025 accounts 117 days early
Filed on 05-04-2026PDF
Why 57raises riskFounded in 20241 change of registered office in 24 months1 of the last 3 latelowers riskLiquidity: current ratio 2.43, cash €26,954Show the evidence
Checked score
Score 2025
57
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 77% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Strong
Solvency
89+56
equity 63.9% of total assets
Liquidity
51+1
short-term debt 35.8% · cash 13.5%
Profitability
100+43
return on assets 59.3%
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2025: 1.9%
03-2025: 1.9%● unchanged vs 02-2025
04-2025: 2.0%▲ +0.1 percentage points vs 03-2025
05-2025: 2.3%▲ +0.3 percentage points vs 04-2025
06-2025: 2.4%▲ +0.1 percentage points vs 05-2025
07-2025: 2.7%▲ +0.3 percentage points vs 06-2025
08-2025: 3.0%▲ +0.3 percentage points vs 07-2025
09-2025: 3.5%▲ +0.5 percentage points vs 08-2025
10-2025: 4.1%▲ +0.6 percentage points vs 09-2025
11-2025: 4.1%● unchanged vs 10-2025
12-2025: 4.1%● unchanged vs 11-2025
01-2026: 4.3%▲ +0.2 percentage points vs 12-2025
02-2026: 4.3%● unchanged vs 01-2026highest value
03-2026: 4.3%● unchanged vs 02-2026highest value
04-2026: 4.3%● unchanged vs 03-2026
05-2026: 1.2%▼ -3.1 percentage points vs 04-2026lowest value
06-2026: 1.2%● unchanged vs 05-2026lowest value
07-2026: 1.2%● unchanged vs 06-2026lowest value
08-2026: 1.2%● unchanged vs 07-2026lowest value
09-2026: 1.7%▲ +0.5 percentage points vs 08-2026
10-2026: 1.7%● unchanged vs 09-2026
Credit of up to €7,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity ample (current ratio 2.43, compared with 14.3 in 2024, above the usual 1.5; short-term debt: 35.8% and cash: 13.5% of total assets), and 36.1% of the assets are financed with debt and provisions.
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 43, micro): better than 70% on solvency, 45% on liquidity, 92% on profitability and 99% on growth.
The bankruptcy probability was computed on 31-10-2026 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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-04-2026, 117 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
117 days early
2024
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 59 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% 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.
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 05-04-2026
- Annual accounts 2024filed on 29-09-2025
- Annual accounts 2024filed on 31-07-2025
Acts in the Belgian Official Gazette
- Registered office · Other addresses · Resignations & appointmentsact of 28-08-2026
- Incorporationact of 17-01-2024
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
- Check the withholding obligationwith enterprise number 1004.684.725
Key facts about Masterénovation
- What is the company number of Masterénovation?
- 1004.684.725. In Belgium the VAT number is the company number with BE in front: BE 1004.684.725.
- Where is Masterénovation based?
- The registered office is at Excelsiorlaan 10, 1930 Zaventem.Company details
- What does Masterénovation do?
- According to the KBO register, the main activity is roofing work (NACE 43410).
- What is the legal form of Masterénovation?
- Private limited company (BV).
- When was Masterénovation founded?
- On 15-01-2024.
- Is Masterénovation still active?
- Yes, Masterénovation is an active enterprise in the KBO register.
- What is the turnover of Masterénovation?
- ≈ €500,000 in financial year 2025. Estimated from the gross margin of €154,741: probably between €390,000 and €700,000, based on 236 comparable companies, NACE 43.Financials
- Is Masterénovation profitable?
- In financial year 2025, Masterénovation made a profit of €117,945.
- Where can I find the annual accounts of Masterénovation?
- Masterénovation filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
- When are the next annual accounts of Masterénovation due?
- By 31-07-2027, for financial year 2026.Timeline
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