Equity
€138,927 ▲ 57.8%
Equity rose in 2024 from €88,027 to €138,927.
Masters
Lifetime
4 annual accounts with figures on one time axispeak €147,773 (2024)
€147,773▲ 49.5%
peak €50,899 (2024)
€50,899▲ 150%
peak €138,927 (2024)
€138,927▲ 57.8%
€95,426▲ 97.7%
Board1 name since 2020
-
Documentsfilings and deeds
31-12-2025153 days late
2024micro format
Gross margin from €98,853 to €147,773Result from €20,368 to €50,899Transfer of 10 shares from to 07-08Equity from €88,027 to €138,927Debts from €48,279 to €95,426Investments €20,500
Key points
from the 2024 annual accountsTurnover
≈ €490,000 estimated
The micro format states no turnover.
Investments
€20,500 2.2 × depreciation
Green is investment, beige is depreciation. Machinery stands 24.0% higher than in 2023.
Filings
4 annual accounts 105 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Starting capital
€6,000 100 shares
Position in the sector
€50,899
Higher net result than 87% of companies in specialised construction. Sector median €9,463 · 36,017 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,969 companies had the same profile as Masters has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
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 497,331 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 26,969 companies, not a prediction for Masters. 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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Signals
Board and ownership
last known boardDirector, last mentioned in 2020
- 90%deed of 10-07-2026
- 10%deed of 10-07-2026
Recent changes
Share transfer
Transfer of 10 shares from to · Transfer of 10 shares from to · holds 90% of the shares · General meeting of 31-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0750656076
Transfer of 10 shares from to
holds 70% of the shares · holds 10% of the shares · holds 10% of the shares · General meeting of 15-04-2024 · Gazette deed
Transfer of 10 shares from to
holds 80% of the shares · holds 10% of the shares · holds 10% of the shares · General meeting of 07-07-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Masters Ghent | €234,353 | €147,773 | 59.3% | - |
| Twin-Technics Lokeren | €205,482 | €147,524 | -16.9% | - |
| DE SMEDT OMGEVINGSWERKEN Lebbeke | €243,972 | €180,769 | 21.9% | - |
| BOS A&F Wetteren | €263,206 | €122,549 | 59.6% | - |
| Grondwerken VRB Ingelmunster | €220,082 | €145,087 | 38.8% | - |
| Grond- en tuinwerken Wouters Balen | €232,158 | €167,095 | 49.6% | - |
| JASPER LAMOTE Blankenberge | €228,825 | €163,534 | 7.5% | - |
These companies have the same main activity as Masters: site preparation (NACE 43120). They are comparable in size and age: total assets between €205,000 and €263,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 14-07-2020Normal situation
- Activity
- Site preparationNACE 43120
- Establishment unit
- 2.306.724.8319000 Ghent, since 14-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Insights on Masters
Masters files the micro format. That format states no turnover. The gross margin rose from €96,444 in 2021 to €147,773 in 2024.
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 Masters
- What is the company number of Masters?
- The company number of Masters is 0750.656.076. The VAT number is the same number with BE in front: BE 0750.656.076.
- Where is Masters based?
- The registered office is at Doornzelestraat 3, 9000 Ghent.Company details
- What does Masters do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of Masters?
- Masters is a private limited company (BV).
- When was Masters founded?
- Masters was founded on 14-07-2020.
- Is Masters still active?
- Yes, Masters is an active enterprise in the KBO register.
- What is the turnover of Masters?
- The turnover in financial year 2024 is ≈ €490,000. This figure is estimated from the gross margin of €147,773 and 232 comparable companies (NACE 43). It probably lies between €370,000 and €680,000.Financials
- Is Masters profitable?
- In financial year 2024, Masters made a profit of €50,899.
- Where can I find the annual accounts of Masters?
- Masters filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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