Mastersoft Engineering
ActiveMastersoft Engineering has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €112k and a net result of €29k. Equity is growing by ~45.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 2672 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth52▼-26
Stability94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 9.41 against 3.77 in 2024), and 10.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
89.4%
Return on assets
23.3%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
18 d late
2024
25 d late
2023
29 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€29k▼ 37.0%
2024 · €47k
2023: €35k
2024: €47k
2023 → 2025
Working capital
€112k▲ 36.2%
2024 · €82k
2023: €35k
2024: €82k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€37k-€83k▲ 127%€112k▲ 35.3%
Operating result€44k-€59k▲ 34.8%€38k▼ 35.1%
Net result€35k-€47k▲ 34.6%€29k▼ 37.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €126k
Fixed assets
€317▼ 61.7%
Current assets
€125k▲ 12.0%
Equity and liabilities €126k
Equity
€112k▲ 35.3%
Debt
€13k▼ 55.1%
The debt ratio falls from 26.3% to 10.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€39k▼
2024 · €60k
Cash flow
€30k▼
2024 · €47k
Solvency
89.4%▲
2024 · 73.7%
Current ratio
9.41▲
2024 · 3.77
Quick ratio
9.41▲
2024 · 3.77
Debt / equity
0.12▼
2024 · 0.36
ROE
26.1%▼
2024 · 56.0%
ROA
23.3%▼
2024 · 41.2%
Interest coverage
68.18▼
2024 · 390.57
Debt
€13k▼
2024 · €30k
Debt ≤ 1 year
€13k▼
2024 · €30k
Income taxes
€9k▼
2024 · €13k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€113k€126k▲
Fixed assets21/28€829€317▼
Tangible fixed assets22/27€829€317▼
Furniture and vehicles24€829€317▼
Current assets29/58€112k€125k▲
Amounts receivable within one year40/41€12k€13k▲
Trade receivables40€12k€10k▼
Other amounts receivable41-€3k
Cash at bank and in hand54/58€98k€109k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€113k€126k▲
Equity10/15€83k€112k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€81k€110k▲
Amounts payable17/49€30k€13k▼
Amounts payable within one year42/48€30k€13k▼
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€22k€12k▼
Taxes450/3€22k€12k▼
Other amounts payable47/48€3k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€512€512=
Other operating charges640/8€1k€1k▲
Gross operating margin9900€61k€40k▼
Operating profit (loss)9901€59k€38k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€153€572▲
Recurring financial charges65€153€572▲
Profit (loss) for the period before taxes9903€59k€38k▼
Income taxes67/77€13k€9k▼
Profit (loss) for the period9904€47k€29k▼
Profit (loss) for the period to be appropriated9905€47k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€110k▲
Profit (loss) brought forward from the previous period14P€35k€81k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
06-08
State Gazette act
Registered office · Resignations & appointmentsGeneral meeting · Registered-office move · Director appointment4 facts ▸
State Gazette act
Registered office · Resignations & appointments
General meeting · Registered-office move · Director appointment4 facts ▸
- General meeting, 24/04/2026
- Registered-office move, Rue de la Semeuse 28, 7100 La Louvière
- Director appointment, Assia ALILI (administrateur)
- Mandate compensation, Assia ALILI
2025
31-12
Financial
Weakest financial yearnet €29k ▼37%
Net result drops to €29k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 9.41
Current ratio from 3.77 to 9.41; short-term debt falls from €30k to €13k.
31-12
Financial
Equity above €100kEq €112k ▲35.3%
3 profitable years in a row build equity to €112k.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-12
Financial
Highest result since 2023net €47k ▲34.6%
Operating result €59k, net result €47k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Assia ALILI
CurrentDirector · since 24-04-2026
24-04-2026
Appointed as Director
Location & real-estate footprint
Registered office, La Louvière · 1 establishment unit since 2022
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.
Rue de la Semeuse(PAU) 287100 La LouvièreGround area
449 m²
Building footprint
248 m²
Volume, LiDAR
6,827 m³
Parcel 21905C0095/00L010, Brussels · tallest building 31.0 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
Mastersoft Engineering
since 20222.338.936.650
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0095/00L010 | Brussels | 449 m² | 1 · 248 m² | 31.0 m · 10 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 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
IT2ServU
BE 0882.396.825
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JYCO
BE 0501.620.355
Tessenderlo-Ham · Eq €112k
SYNERGIX CONSULTING
BE 1002.212.116
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CeSou
BE 0785.965.858
Kortrijk · Eq €112k
VAN DAMME
BE 0689.591.212
Hasselt · Eq €112k
Of 29,884 companies in sector 62200 we hold annual accounts for 18,321. 15,488 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-11-2022
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62010Computer programming, consultancy and related activities
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.