MASTERS ELEKTROTECHNIEK

Active

Private limited companyfounded 20197 yrs activeMeelbergstraat 102, 3583 Beringen, BelgiumKBO/BCE: BE 0721.773.040

Summary

The computed 12-month bankruptcy probability of MASTERS ELEKTROTECHNIEK is 2.1% (moderate). The 2024 annual accounts show equity of €42k and a net result of €27k. Equity is growing by ~18.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

82 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+35

Solvency100=

Growth85=

Track record100

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity ample (current ratio 3.95 against 6.38 in 2023; short-term debt: 25.3% and cash: 64.7% of total assets), and 25.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

37 d early

2023

34 d early

2022

3 d late

2021

33 d early

2020

11 d late

2019

40 d late

← before the deadline after the deadline →

Checked, nothing found (1)

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

Financials · fiscal year 2024, micro schema

Turnover

€245k▲ 98.4%

2019 · €123k

2019: €123k

2019 → 2020

EBIT margin

13.9%▲ 6.8pp

2019 · 7.0%

2019: 7.0%

2019 → 2020

Net result

€27k▲ 286%

2023 · €7k

2019: €6k 2020: €25k 2021: €-22k 2022: €2k 2023: €7k

2019 → 2024

Working capital

€42k▲ 68.1%

2023 · €25k

2019: €7k 2020: €34k 2021: €12k 2022: €15k 2023: €25k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€245k-

Equity€38k-€16k▼ 58.7%€18k▲ 13.7%€25k▲ 39.1%€42k▲ 68.1%

Operating result€34k-€-19k€8k€11k▲ 46.7%€37k▲ 236%

Net result€25k-€-22k€2k€7k▲ 225%€27k▲ 286%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2021 the operating result has climbed three years in a row; 2024 is 236% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €56k

74.7%

25.3%

Equity €42k ▲ 68.1%

Debt €14k ▲ 206%

Debt's share of the balance-sheet total rises from 15.7% to 25.3%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

Current ratio

3.95▼

2023 · 6.38

Quick ratio

3.84▼

2023 · 6.02

Debt to equity

0.34▲

2023 · 0.19

ROE

64.5%▲

2023 · 28.1%

ROA

48.2%▲

2023 · 23.7%

Debt ≤ 1 year

€14k▲

2023 · €5k

Income taxes

€7k▲

2023 · €104

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines

Balance sheet Code20232024

Assets

Total assets20/58€29k€56k▲

Current assets29/58€29k€56k▲

Stocks and contracts in progress3€2k€2k=

Stocks30/36€2k€2k=

Amounts receivable within one year40/41€19k€17k▼

Trade receivables40€8k€7k▼

Other amounts receivable41€11k€10k▼

Cash at bank and in hand54/58€8k€36k▲

Deferred charges and accrued income490/1€1k€1k▲

Equity and liabilities

Total equity and liabilities10/49€29k€56k▲

Equity10/15€25k€42k▲

Contributions10/11€6k€6k=

Reserves13€32k€32k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€30k€30k=

Profit (loss) carried forward14€-13k€4k▲

Amounts payable17/49€5k€14k▲

Amounts payable within one year42/48€5k€14k▲

Trade debts44-€866

Suppliers440/4-€866

Taxes, remuneration and social security45€2k€3k▲

Taxes450/3€105€3k▲

Remuneration and social security454/9€2k-

Other amounts payable47/48€2k€11k▲

Income statement Code20232024

Remuneration, social security and pensions62€32k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€196-

Other operating charges640/8€2k€2k▼

Non-recurring operating charges66A€4k-

Gross operating margin9900€49k€39k▼

Operating profit (loss)9901€11k€37k▲

Financial income75/76B€2k€2k▲

Recurring financial income75€2k€2k▲

Financial charges65/66B€6k€6k▲

Recurring financial charges65€6k€6k▲

Profit (loss) for the period before taxes9903€7k€34k▲

Income taxes67/77€104€7k▲

Profit (loss) for the period9904€7k€27k▲

Profit (loss) for the period to be appropriated9905€7k€27k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-13k€14k▲

Profit (loss) brought forward from the previous period14P€-20k€-13k▲

Profit to be distributed694/7-€10k

Return on contributions (dividend)694-€10k

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 10Financial 4Filings 6

2025

24-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2019net €27k ▲286%

Operating result €37k, net result €27k, both a record.

27-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Liquidity quadruplescurrent ratio 6.38

Current ratio from 1.65 to 6.38; short-term debt falls from €22k to €5k.

03-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 3 days late

2022

31-12

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

28-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Weakest financial yearnet €-22k ▼188%

Net result drops to €-22k, the lowest in the series; recovery starts the following year.

11-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 11 days late

2020

09-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 40 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Beringen · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Meelbergstraat 1023583 Beringen

Ground area

1,176 m²

Building footprint

161 m²

Parcel 71049A1087/00A000, Flanders. Linked by address, not a title deed.

1 establishment unit

MASTERS ELEKTROTECHNIEK

Meelbergstraat 102, 3583 BeringenRepair and maintenance of electrical equipment

since 20192.285.941.590

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71049A1087/00A000	Flanders	1,176 m²	1 · 161 m²	-

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.

Recognitions · licences · registrations

Recognised contractor

2 categories

MASTERS ELEKTROTECHNIEK BV42148

category C2, class 1 · category P1, class 1

decision 13-07-2022

Similar companies · same sector, comparable size

VANDERVEKEN CONSTRUCT

Poperinge · Eq €41,629

Aditech Solutions

BE 1004.650.279

Niel · Eq €41,636

Solutions, building and maintenance

BE 0892.759.393

Heusden-Zolder · Eq €41,636

Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,372 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded01-03-2019

Fiscal year end31-12

Activities, NACEBEL 2025

43211General electrical installation work

42219Civil engineering

43212Electrical installation work in industrial facilities

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

E-mail:masters.elektriciteit@gmail.com

Enterprise