Equity
€10,810 ▲ 35×
MasterGrad has made a profit without a break since 2023.
MasterGrad
Lifetime
6 annual accounts with figures on one time axispeak €52,752 (2020)
€18,608▲ 191%
lowest -€43,890 (2022)
€10,503▲ 32×
peak €41,227 (2020)
€10,810▲ 35×
€77,367▼ 13.4%
Board2 names since 2019
2 directors and 1 other
Documentsfilings and deeds
15-07-202616 days before the deadline
2025micro format
Gross margin from €6,395 to €18,608Result from €333 to €10,503Equity from €307 to €10,810Investments €3,471
Key points
from the 2025 annual accountsTurnover
≈ €240,000 estimated
The micro format states no turnover.
Debts
€77,367 88% of the balance sheet
Financial debts 33%Suppliers 48%Taxes and wages 15%Other 3%
Of this, €76,835 falls due within a year.
Investments
€3,471 1.9 × depreciation
Green is investment, beige is depreciation.
Filings
6 annual accounts 1 late
The 2020 accounts came 48 days late. The other five were filed on time.
Position in the sector
12.3%
Lower solvency than 84% of companies in specialised construction. Sector median 46.8% · 37,211 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,715 companies had the same profile as MasterGrad has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,715 companies, not a prediction for MasterGrad. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 14-11-2019
Director, since 14-11-2019
- founderdeed of 19-11-2019
- founderdeed of 19-11-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0737673617
Incorporation
Founding capital of €10,000, 100 shares · Founders: (constituant) and (constituant) · Appointments: (director) and (director) · published on 19-11-2019 · Gazette deed
First establishment
MASTERGRAD SRL, Rue de la Montagne 37C, Ramillies
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MasterGrad Ramillies | €88,176 | €18,608 | 12.3% | - |
| RB TECHNICS Lokeren | €85,507 | €22,425 | 60.8% | - |
| ATELIER PYCK Merelbeke-Melle | €81,336 | €15,491 | 91.0% | - |
| Buvens Dominic Hasselt | €89,249 | €21,454 | 39.9% | - |
| JAVO KARWEIWERKEN Rijkevorsel | €69,354 | €20,089 | 49.0% | - |
| NHA Merksplas | €81,791 | €24,109 | 33.4% | - |
| PASCAL DEWAELE Veurne | €100,877 | €23,305 | 73.4% | - |
These companies have the same main activity as MasterGrad: bricklaying and masonry work (NACE 43910). They are comparable in size and age: total assets between €69,400 and €101,000, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 14-11-2019Normal situation
- Activity
- Bricklaying and masonry workNACE 43910and 9 others
- Establishment unit
- 2.297.802.5141367 Ramillies, since 14-11-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 15-11-2024
Annual accounts 2025
- €88,176▼ 1.7%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on MasterGrad
MasterGrad files the micro format. That format states no turnover. The gross margin fell from €52,752 in 2020 to €18,608 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MasterGrad
- What is the company number of MasterGrad?
- The company number of MasterGrad is 0737.673.617. The VAT number is the same number with BE in front: BE 0737.673.617.
- Where is MasterGrad based?
- The registered office is at Rue de la Montagne 37C, 1367 Ramillies.Company details
- What does MasterGrad do?
- According to the KBO register, the main activity is bricklaying and masonry work (NACE 43910).
- What is the legal form of MasterGrad?
- MasterGrad is a private limited company (BV).
- When was MasterGrad founded?
- MasterGrad was founded on 14-11-2019.
- Is MasterGrad still active?
- Yes, MasterGrad is an active enterprise in the KBO register.
- How many employees does MasterGrad have?
- MasterGrad had an average of 0.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of MasterGrad?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €18,608 and 209 comparable companies (NACE 439). It probably lies between €130,000 and €480,000. It is a rough estimate.
- Is MasterGrad profitable?
- In financial year 2025, MasterGrad made a profit of €10,503.
- Where can I find the annual accounts of MasterGrad?
- MasterGrad filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MasterGrad due?
- MasterGrad must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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