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Mastersoft Engineering

Active Private limited companyfounded 2022active for 3 yearsRue de la Semeuse 28, 7100 La LouvièreKBO/BCE: BE 0794.233.624
Mastersoft Engineering
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Overview

Lifetime

3 annual accounts with figures on one time axis
peak €61,209 (2024)
€40,437▼ 33.9%
peak €46,532 (2024)
€29,307▼ 37.0%
peak €112,420 (2025)
€112,420▲ 35.3%
€13,329▼ 55.1%
Board4 names since 2022
3 directors and 2 others
Documentsfilings and deeds
18-08-202618 days late
2025abbreviated format
Gross margin from €61,209 to €40,437Result from €46,532 to €29,307Equity from €83,112 to €112,420Debts from €29,717 to €13,329

Key points

from the 2025 annual accounts

Equity

€112,420 ▲ 35.3%

Mastersoft Engineering has made a profit in every financial year since 2023.

Turnover

≈ €140,000 estimated

The accounts state no turnover.

Liquidity

9.41 was 3.77 in 2024

Short-term debts fell from €29,717 to €13,329.

Filings

3 annual accounts 3 late
AprilJune31 JulyOctober202320242025

The 2023 accounts came latest: 29 days after the end of the period.

Board

1 joined

New director. Latest change 24-04-2026 · 3 in office.

Position in the sector

89.4%

Higher solvency than 92% of companies in computer programming and consultancy. Sector median 42.0% · 3,549 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 39,326 companies had the same profile as Mastersoft Engineering has now. Each dot stands for 99 companies, two years later.

95.7%
were still trading
2.4%
stopped another way
1.8%
went bankrupt
  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,326 companies, not a prediction for Mastersoft Engineering. 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

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director, since 30-11-2022
Director, since 23-11-2023
Director, since 24-04-2026
  • 100 sharesdeed of 02-12-2022
Board & ownership

Recent changes

Registered office moved from Evere to La Louvière New registered office: Rue de la Semeuse 28, 7100 La Louvière · Previous registered office: Rue du Tilleul 223, 1140 Evere · Appointment: (director) · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0794233624
Registered office moved from Schaerbeek to Evere New registered office: Rue de Tilleul 223, 1140 Evere · Previous registered office: Avenue Eugène Plasky 189 boite 12, 1030 Schaerbeek · General meeting of 19-02-2024 · Gazette deed
Appointment: (director) General meeting of 23-11-2023 · Gazette deed
All 13 events

Comparable companies

same main activity, similar in size and age
Company
Mastersoft Engineering La Louvière €125,749 €40,437 89.4% -
RENCOGNA Fleurus €129,801 €44,765 59.1% -
Goorts Consulting Beringen €133,404 €40,696 87.6% -
ELLEGLANCE Eghezée €119,378 €41,312 96.4% -
FFO CONSULTING Putte €120,609 €41,949 76.0% -
Black Box Quest Ghent €128,173 €38,031 90.4% -
NA.ON Ixelles €136,833 €39,958 26.4% -

These companies have the same main activity as Mastersoft Engineering: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €119,000 and €137,000, founded between 2022 and 2023.

Official details

Source: KBO
Status
Active since 30-11-2022Normal situation
Activity
Computer consultancy and computer facilities managementNACE 62200and 4 others
Establishment unit
2.338.936.6501030 Schaerbeek, since 30-11-2022
Financial year end
31 December
Peppol
Reachable since 22-12-2025
Company details

Annual accounts 2025

€40,437▼ 33.9%
€29,307▼ 37.0%
€112,420▲ 35.3%
€125,749▲ 11.5%
Filing
Filed on 18-08-2026
Financials

Insights on Mastersoft Engineering

Mastersoft Engineering files the abbreviated format. That format states no turnover. The gross margin fell from €44,480 in 2023 to €40,437 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 18-08-2026, 18 days late
€40,437
▼ 33.9%
€38,498
▼ 35.1%
€29,307
▼ 37.0%
€112,103
▲ 36.2%
89.4%
▲ 15.7 percentage points
9.41
▲ 5.64

The turnover shown is an estimate from the gross margin.

Turnover ≈ €140,000. Estimated: probably between €110,000 and €200,000.

Balance sheet

balance sheet total €125,749 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

89.4%

Higher than 92% of 3,549 companies in 2025.

9.41

Higher than 93% of 3,454 companies in 2025.

23.3%

Higher than 83% of 3,491 companies in 2025.

Mastersoft Engineering Middle half of the sector 80% of the sector Abbreviated accounts in computer programming and consultancy (NACE 62)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023
Balance sheet: assets
20/58 125,749112,82965,789
21/28 3178291,341
22/27 3178291,341
24 3178291,341
29/58 125,432112,00064,447
40/41 12,74712,28511,124
40 10,13512,28511,124
41 2,611--
54/58 109,42897,73049,362
490/1 3,2581,9853,961
Balance sheet: equity and liabilities
10/49 125,749112,82965,789
10/15 112,42083,11236,580
10/11 2,0002,0002,000
14 110,42081,11234,580
17/49 13,32929,71729,208
42/48 13,32929,71729,208
44 1,6675,1904,160
440/4 1,6675,1904,160
45 11,66221,89816,466
450/3 11,66221,89814,216
454/9 --2,250
47/48 -2,6298,583
Income statement
9900 40,43761,20944,480
630 512512195
640/8 1,4271,347270
9901 38,49859,35044,015
75/76B 00-
75 00-
65/66B 5721539
65 5721539
9903 37,92659,19844,006
67/77 8,61912,6669,426
9904 29,30746,53234,580
9905 29,30746,53234,580
Appropriation of the result
9906 110,42081,11234,580
14P 81,11234,580-
Document PDFPDFPDF

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 18-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 18 days after the deadline. Filed on 18 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00403643.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 18-08-2026 2026-00403643 PDF
31-12-2024 full format 25-08-2025 2025-00398034 PDF
31-12-2023 full format 29-08-2024 2024-00393138 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023
39,01059,86344,210
29,81947,04434,775
001,536
11,69848,368-
112,10382,28335,239
89.4%73.7%55.6%
9.413.772.21
0.120.360.80
26.1%56.0%94.5%
23.3%41.2%52.6%
68.18over 100over 100

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item202520242023
Tangible fixed assets--€1,536
€512€512€195

Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)

Insights on Mastersoft Engineering

The operating result for 2025 is 35% lower than in 2024 and the lowest since 2023.

Debt's share of the balance-sheet total falls from 26.3% to 10.6%. Equity is higher and debt is lower.

Board & ownership

Board

3 directors, no change since April 2026
Director
since 30-11-2022 term without a fixed end
listed in the 2025 annual accounts, filed on 18-08-2026
Director
since 23-11-2023
listed in the 2025 annual accounts, filed on 18-08-2026
Director
since 24-04-2026
listed in the 2025 annual accounts, filed on 18-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 06-08-2026

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today

Director

Director

Director

Director
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
    • Director, from 30-11-2022 to date
    • Director, from 23-11-2023 to date
    • Director, since before 31-12-2025
    • Director, appointed by deed of 13-12-2023, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

Founder
This company
Mastersoft Engineering
Equity €112,420
Profit €29,307 in 2025

Capital

Contribution
€2,000
Shares
100
Contribution per share
€20
Equity per share
€1,124 in 2025
Source
deed of 02-12-2022

Articles of association

deed of 02-12-2022 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
1 director
Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
100 shares
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Héritiers et légataires non de plein droit actionnaires sollicitent agrément mêmes formalités, déclaration de transfert inscrite au…”

Shareholders

At incorporation deed of 02-12-2022 ↗
  • 100 shares (100%) · €2,000 in cash

Network & group

No group

Mastersoft Engineering has no parent and no holdings in its annual accounts. Mastersoft Engineering shares no director with another company.

Timeline

Timeline

13 events since 2022

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 18 days late
Registered office moved from Evere to La LouvièreNew registered office: Rue de la Semeuse 28, 7100 La Louvière · Previous registered office: Rue du Tilleul 223, 1140 Evere · Appointment: (director)3 points ▸
  • Registered-office move, Rue de la Semeuse 28, 7100 La Louvière
  • Director appointment,
  • Power of attorney,

Open the deed in the Belgian Official Gazette

2025
Weakest financial year net €29,307 ▼37% The net result drops to €29,307, the lowest from 2023 to 2025.
Liquidity more than doubled current ratio 9.41 The current ratio rises from 3.77 to 9.41. Short-term debt falls from €29,717 to €13,329.
Equity above €100,000 equity €112,420 ▲35.3% With a profit in every financial year since 2023, equity grows to €112,420.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0794233624
Annual accounts 2024 filed PDFfull format · 25 days late
2024
Highest result from 2023 to 2025 net €46,532 ▲34.6% The operating result of €59,350 and the net result of €46,532 are both a record.
Annual accounts 2023 filed PDFfull format · 29 days late
Registered office moved from Schaerbeek to EvereNew registered office: Rue de Tilleul 223, 1140 Evere · Previous registered office: Avenue Eugène Plasky 189 boite 12, 1030 Schaerbeek · General meeting of 19-02-20242 points ▸
  • General meeting, 19-02-2024
  • Registered-office move, Rue de Tilleul 223, 1140 Evere

Open the deed in the Belgian Official Gazette

2023
Appointment: (director)General meeting of 23-11-20232 points ▸
  • General meeting, 23-11-2023
  • Director appointment,

Open the deed in the Belgian Official Gazette

2022
IncorporationFounding capital of €2,000, 100 shares · Founder: · Appointment: (director) · published on 02-12-20223 points ▸
  • Founder,
  • Founding capital, €2,000, 100 shares
  • Director appointment,
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

First establishment Eugène Plaskylaan 189, Schaerbeek

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 30 November 2022, Mastersoft Engineering was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 The registered office moved to Evere in 2024 and to La Louvière in 2026.34 Of the 3 current board members, has served longest, since 2022.5 Total assets went from €65,789 in 2023 to €125,749 in 2025.6

  1. 1KBO register
  2. 2Belgian Official Gazette, 02-12-2022
  3. 3Belgian Official Gazette, 11-03-2024
  4. 4Belgian Official Gazette, 06-08-2026
  5. 5National Bank, annual accounts 2025
  6. 6National Bank, annual accounts 2023 and 2025

Company details

Identity

Enterprise number
0794.233.624
VAT number
BE 0794.233.624
Peppol ID
0208:0794233624
Other Peppol ID
9925:BE0794233624
Legal form
Private limited company
Status
Active, normal situation
Founded
30-11-2022
Financial year
ends on 31 December
Peppol
Reachable since 22-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Mastersoft Engineering in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 02-12-2022 (in French)
Name clauseThe company operates under this name according to its articles.
Mastersoft Engineering
deed of 02-12-2022 (in French)

Activities

NACEBEL 2025
62200 Computer consultancy and computer facilities management main activity
62100 Computer programming
63100 Computing infrastructure, data processing, hosting and related activities
63910 Web portal activities
70200 Business and other management consultancy
Codes under NACEBEL 2008
62020 IT consultancy main activity
62010 Computer programming, consultancy and related activities
63110 Computing infrastructure, data processing, hosting and other information service activities
63120 Computing infrastructure, data processing, hosting and other information service activities
70220 Business consulting
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'ingénierie informatique, la consultance et les études informatiques,; La programmation informatique, le conseil informatique, la gestion…”
9 activities
  1. L'ingénierie informatique, la consultance et les études informatiques,
  2. La programmation informatique, le conseil informatique, la gestion d'installations informatiques et toutes autres activités dans le secteur de l'informatique
  3. L'analyse et le traitement des données, l'hébergement et activités connexes ;
  4. La création et gestion de sites et portails internet, d'applications mobiles et desktop ;
  5. La fabrication de produits, informatiques, électroniques et optiques
  6. La réparation d'ordinateurs et d'équipements périphériques ;
  7. La formation professionnelle ou non, l'enseignement de promotion sociale et toutes activités de soutien à l'enseignement ;
  8. L’achat, la vente, la gestion, la location, la rénovation, la transformation de tous biens et droits immobiliers et tous types d’investissements immobiliers en Belgique et à l’étranger ;
  9. Les investissements en valeurs mobilières.
deed of 02-12-2022 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue de la Semeuse 28 registered office 7100 La Louvière
Eugène Plaskylaan 189 1030 Schaerbeek 30-11-2022 2.338.936.650
2 former offices
  • Rue du Tilleul 223, 1140 Evere until 24-04-2026 · deed of 06-08-2026
  • Avenue Eugène Plasky 189 boite 12, 1030 Schaerbeek until 19-02-2024 · deed of 11-03-2024

Buildings and parcels at the addresses

Ground area
449 m²
Buildings
248 m²
Volume, LiDAR
6,827 m³
Tallest building
31.0 m
Buildings to scale, each on its own parcel
248 m², 31.0 m 248 m², 31.0 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
21905C0095/00L010449 m² 1 · 248 m² 31.0 m · 10

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