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Masters 247

Active
Public limited companyfounded 20215 yrs activeTorhoutse Steenweg 246, 8200 Brugge, BelgiumKBO/BCE: BE 0764.975.553
Summary

The computed 12-month bankruptcy probability of Masters 247 is 2.9% (moderate). The 2025 annual accounts show negative equity (-€260,316) and a net result of €132,106. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 9592 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
Masters 247ActiveChecked score 50/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46496
1 site
Size
€2.7mtotal assets 2025
Equity
-€260,316
Profit
€132,106
Turnover not published (abridged schema)
Financial health
50 Fair Checked score 2025
Bankruptcy chance 12 m
2.9%
Structure
Accounts filed 96 d late1 of 3 deeds read
Why 50- 1 change of registered office in 24 months- Latest accounts 96 days late; 3 of the last 3 late- Negative equity -€260,316+ Liquidity: current ratio 1.03, cash €384,083Show the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 30% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 15+15
equity -9.5% of total assets
Liquidity 18+13
short-term debt 93.4% · cash 14.0%
Profitability 75+75
return on assets 4.8%
Bankruptcy probability, 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,373 companies)
Last 24 months 11-2024: 5.2%highest value 12-2024: 5.2%● 0.0% vs 11-2024highest value 01-2025: 5.2%● 0.0% vs 12-2024highest value 02-2025: 5.2%● 0.0% vs 01-2025highest value 03-2025: 5.0%▼ -4.0% vs 02-2025 04-2025: 4.9%▼ -2.4% vs 03-2025 05-2025: 4.9%● 0.0% vs 04-2025 06-2025: 4.9%● 0.0% vs 05-2025 07-2025: 4.9%▲ +0.7% vs 06-2025 08-2025: 5.0%▲ +1.4% vs 07-2025 09-2025: 5.0%● 0.0% vs 08-2025 10-2025: 5.0%● 0.0% vs 09-2025 11-2025: 5.0%● 0.0% vs 10-2025 12-2025: 4.9%▼ -1.7% vs 11-2025 01-2026: 4.9%● 0.0% vs 12-2025 02-2026: 4.9%● 0.0% vs 01-2026 03-2026: 4.2%▼ -13.6% vs 02-2026 04-2026: 0.9%▼ -78.0% vs 03-2026 05-2026: 0.9%▼ -1.3% vs 04-2026lowest value 06-2026: 1.7%▲ +82.6% vs 05-2026 07-2026: 2.0%▲ +16.6% vs 06-2026 08-2026: 2.0%▲ +2.3% vs 07-2026 09-2026: 2.5%▲ +22.8% vs 08-2026 10-2026: 2.9%▲ +18.5% vs 09-2026
  • 1 change of registered office in 24 months raises the probability
  • Latest accounts 96 days late; 3 of the last 3 late raises the probability
  • Negative equity -€260,316 raises the probability
  • Liquidity: current ratio 1.03, cash €384,083 lowers the probability
No credit on open account
Liquidity tight (current ratio 1.03 against 1.07 in 2024; short-term debt: 93.4% and cash: 14% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 3%, liquidity 15%, profitability 71%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · Latest accounts 96 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Negative equity -€260,316
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.03, cash €384,083
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 9592 sector peers (2025).
NBB · sector comparison
Position among 9592 sector peers
Solvency
better than 10%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 06-03-2026, 96 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filings
Deviation from the deadline
2025
96 d late
2024
249 d late
2023
614 d late
2022
980 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 485 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Registered officeRegistered-office move
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€260,316 View
  • Caution: Among the weakest 5% on equitysector median €367,428 · 9,587 companies -€260,316 View
  • Positive: Back in profit in 2025after -€771,649 in 2024 €132,106 View
  • Caution: Latest accounts filed lateafter the legal deadline 96 d View

By topic

Financials

Fiscal year
2025
Total assets
€2.7m
Profit
€132,106
Solvency
-9.5%
Total assets▲ 72.5%
Net result
20222025
Go to Financials

Timeline

Events
7
Since
2024
  1. 12-05-2026Registered office
  2. 06-03-2026Annual accounts filed
  3. 06-03-2026Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46496
Founded
12-03-2021
Year ends
30-04
Peppol
Reachable for e-invoices
Go to Company details

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