MASTERING COMPANY
ActiveMASTERING COMPANY has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €83k and a net result of €10k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 45% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▲+15
Solvency51▲+11
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.16 in 2023; short-term debt: 73.5% and cash: 0.1% of total assets), and 73.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
26.5%
Return on assets
3.2%
Age of the figures
21 mo
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 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
68 d late
2022
32 d late
2021
4 d early
2020
30 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€83k▲ 14.0%
2023 · €73k
2018: €44k
2019: €57k
2020: €65k
2021: €68k
2022: €68k
2023: €73k
2018 → 2024
Total assets
€315k▼ 35.2%
2023 · €486k
2018: €140k
2019: €194k
2020: €164k
2021: €149k
2022: €178k
2023: €486k
2018 → 2024
Net result
€10k▲ 113%
2023 · €5k
2018: €23k
2019: €13k
2020: €8k
2021: €3k
2022: €463
2023: €5k
2018 → 2024
Working capital
€79k▲ 22.1%
2023 · €65k
2018: €35k
2019: €53k
2020: €59k
2021: €61k
2022: €62k
2023: €65k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€65k-€68k▲ 4.9%€68k▲ 0.7%€73k▲ 7.0%€83k▲ 14.0%
Operating result€10k-€12k▲ 21.3%€8k▼ 35.6%€17k▲ 123%€23k▲ 39.3%
Net result€8k-€3k▼ 60.3%€463▼ 85.5%€5k▲ 935%€10k▲ 113%
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 two years in a row; 2024 is 39% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €315k
Fixed assets
€5k▼ 47.0%
Current assets
€310k▼ 35.0%
Equity and liabilities €315k
Equity
€83k▲ 14.0%
Debt
€232k▼ 43.9%
The debt ratio falls from 85.0% to 73.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27k▲
2023 · €21k
Cash flow
€14k▲
2023 · €9k
Solvency
26.5%▲
2023 · 15.0%
Current ratio
1.34▲
2023 · 1.16
Quick ratio
0.44▲
2023 · 0.33
Debt / equity
2.78▼
2023 · 5.65
ROE
12.2%▲
2023 · 6.6%
ROA
3.2%▲
2023 · 1.0%
Interest coverage
6.99▲
2023 · 4.61
Debt
€232k▼
2023 · €413k
Debt ≤ 1 year
€232k▼
2023 · €413k
Income taxes
€9k▲
2023 · €7k
Staff costs
€9k▼
2023 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€486k€315k▼
Fixed assets21/28€9k€5k▼
Tangible fixed assets22/27€8k€4k▼
Land and buildings22€904€452▼
Plant, machinery and equipment23€8k€4k▼
Financial fixed assets28€160€160=
Current assets29/58€478k€310k▼
Stocks and contracts in progress3€343k€209k▼
Stocks30/36€343k€209k▼
Amounts receivable within one year40/41€65k€99k▲
Trade receivables40-€74k
Other amounts receivable41€65k€25k▼
Cash at bank and in hand54/58€8k€251▼
Deferred charges and accrued income490/1€62k€2k▼
Equity and liabilities
Total equity and liabilities10/49€486k€315k▼
Equity10/15€73k€83k▲
Contributions10/11€44k€44k=
Reserves13€30k€40k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€28k€38k▲
Amounts payable17/49€413k€232k▼
Amounts payable within one year42/48€413k€232k▼
Trade debts44€230k€202k▼
Suppliers440/4€230k€202k▼
Advances received on contracts in progress46€167k-
Taxes, remuneration and social security45€14k€12k▼
Taxes450/3€7k€9k▲
Remuneration and social security454/9€7k€2k▼
Other amounts payable47/48€2k€17k▲
Income statement
Code20232024
Remuneration, social security and pensions62€17k€9k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€42k€41k▼
Operating profit (loss)9901€17k€23k▲
Financial income75/76B€4€152▲
Recurring financial income75€4€152▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€12k€20k▲
Income taxes67/77€7k€9k▲
Profit (loss) for the period9904€5k€10k▲
Profit (loss) for the period to be appropriated9905€5k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€10k▲
Transfer to equity691/2€5k€10k▲
To other reserves6921€5k€10k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €463 ▼85.5%
Net result drops to €463, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-07
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.
Directors · office · real estate
Directors
5 acts for this company are 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, Waasmunster · 1 establishment unit since 2015
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.
Nijverheidslaan 2109250 WaasmunsterGround area
1,749 m²
Building footprint
174 m²
Volume, LiDAR
779 m³
Parcel 42023B0211/00S000, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MASTERING COMPANY
since 20152.240.435.427
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023B0211/00S000 | Flanders | 1,749 m² | 1 · 174 m² | 7.2 m · 1 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
KHEPRI
BE 0872.187.574
Farciennes · Eq €82k
DELGELEC
BE 0475.756.789
Huy · Eq €86k
ATRICO
BE 0461.914.394
Kontich · Eq €87k
JUMATOM
BE 0882.695.446
Etterbeek · Eq €90k
EXPANT
BE 0465.500.723
Bonheiden · Eq €77k
Of 949 companies in sector 47792 we hold annual accounts for 184. 132 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-03-2015
Fiscal year end31-12
Activities, NACEBEL
46423Wholesale of clothing, excluding workwear and underwear
47792Retail sale of second-hand clothing
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.