Turnover
≈ €330,000 estimated
The micro format states no turnover.
MASTERTECH
Overview
Lifetime
1 annual account with figurespeak €63,616 (2025)
€63,616
peak €47,341 (2025)
€47,341
peak €49,341 (2025)
€49,341
€22,719
Board2 names since 2024
2 directorsYILMAZ Emir and 1 other
Documentsfilings and deeds
29-09-202660 days late
2025micro format
First year with figures
Key points
from the 2025 annual accountsBoard
1 joined
New director. Latest change 01-02-2026 · 2 in office.
Position in the sector
€47,341
Higher net result than 86% of companies in construction of buildings. Sector median €8,556 · 9,461 companies.
2025 accounts filed 60 days after the deadline
Checked score
41
Weak
Financially stronger than 69% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
4.4% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 3.6%lowest value
02-2026: 3.7%▲ +0.1 percentage points vs 01-2026
03-2026: 4.1%▲ +0.4 percentage points vs 02-2026
04-2026: 4.2%▲ +0.1 percentage points vs 03-2026
05-2026: 4.6%▲ +0.4 percentage points vs 04-2026
06-2026: 4.6%● unchanged vs 05-2026
07-2026: 5.0%▲ +0.4 percentage points vs 06-2026highest value
08-2026: 5.0%● unchanged vs 07-2026
09-2026: 4.8%▼ -0.2 percentage points vs 08-2026
10-2026: 4.4%▼ -0.4 percentage points vs 09-2026
11-2026: 4.4%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Size: total assets €72,060
Sector: Construction of residential and non-residential buildings (NACE 41)
Last filed accounts filed 60 days late; 1 of the last 3 accounts late
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 78% of them on solvency, 38% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as MASTERTECH has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of MASTERTECH itself is higher: 4.4% within 12 months. It rests on far more data about MASTERTECH than the profile alone.
Test of the method
The method was tested on the 497,448 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 11,279 companies, not a prediction for MASTERTECH. 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 of up to €2,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 3.17, above the usual 1.5. Short-term debt is 31.5% and cash 3.4% of total assets. 31.5% of the assets are financed with debt and provisions.
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
Five signals.
raises risk
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
60 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Appointment: Taner Redzheb (director)
General meeting of 26-01-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1016922462
Incorporation
Founder: YILMAZ Emir · 100 shares · Appointment: YILMAZ Emir (director) · published on 05-12-2024 · Gazette deed
First establishment
Dendermondestraat 66, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MASTERTECH Antwerp | €72,060 | €63,616 | 68.5% | - |
| TBT SOLUTIONS Crisnée | €75,783 | €59,096 | 50.8% | - |
| ROB MAES CONSTRUCT Beveren-Kruibeke-Zwijndrecht | €82,769 | €71,050 | 73.3% | - |
| WALLAUER SOLUTIONS Sint-Pieters-Leeuw | €89,239 | €48,386 | 40.6% | - |
| IMMO-GECO Voeren | €79,357 | €82,050 | 74.7% | - |
| CONSTRUGYP Aalst | €89,405 | €58,938 | 56.8% | - |
| BXL CONSTRUCT Schaerbeek | €86,591 | €89,098 | 76.2% | - |
These companies have the same main activity as MASTERTECH: general construction of other non-residential buildings (NACE 41003). They are comparable in size and age: total assets between €75,800 and €89,400, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 03-12-2024Normal situation
- Activity
- General construction of other non-residential buildingsNACE 41003and 5 others
- Establishment unit
- 2.367.195.3242018 Antwerp, since 03-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 03-11-2025
Insights on MASTERTECH
The computed 12-month bankruptcy probability of MASTERTECH is 4.4% (elevated). The 2025 annual accounts show equity of €49,341 and a net result of €47,341.
Its solvency ranks better than 77% of 9,471 sector peers (NACE 41, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-09-2026, 60 days late€63,616
€63,496
€47,341
€49,341
68.5%
3.17
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €330,000. Estimated: probably between €240,000 and €530,000.
Balance sheet
balance sheet total €72,060 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
68.5%
Higher than 77% of 9,471 companies in 2025.
3.17
Higher than 76% of 9,219 companies in 2025.
65.7%
Higher than 95% of 9,291 companies in 2025.
MASTERTECH
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
72,060 | |
29/58 |
72,060 | |
40/41 |
69,591 | |
40 |
5,738 | |
41 |
63,854 | |
54/58 |
2,469 | |
| Balance sheet: equity and liabilities | ||
10/49 |
72,060 | |
10/15 |
49,341 | |
10/11 |
2,000 | |
13 |
47,341 | |
133 |
47,341 | |
17/49 |
22,719 | |
42/48 |
22,719 | |
44 |
1,919 | |
440/4 |
1,919 | |
45 |
20,800 | |
450/3 |
20,800 | |
| Income statement | ||
9900 |
63,616 | |
640/8 |
120 | |
9901 |
63,496 | |
75/76B |
1,705 | |
75 |
1,705 | |
65/66B |
0 | |
65 |
0 | |
9903 |
65,200 | |
67/77 |
17,860 | |
9904 |
47,341 | |
9905 |
47,341 | |
| Appropriation of the result | ||
9906 |
47,341 | |
691/2 |
47,341 | |
6921 |
47,341 | |
| Document | ||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 60 days after the deadline. Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00529638.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-09-2026 | 2026-00529638 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 49,341 | ||
| 68.5% | ||
| 3.17 | ||
| 0.46 | ||
| 95.9% | ||
| 65.7% |
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.
Insights on MASTERTECH
Debt's share of the balance-sheet total is 31.5%.
Board & ownership
Board
2 directors, no change since February 2026Director (not named in the articles)
since 03-12-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 29-09-2026
Director (not named in the articles)
since 01-02-2026
term without a fixed end
listed in the 2025 annual accounts, filed on 29-09-2026
Mandates through the years
2 names, the dashed line is todayYILMAZ Emir
Director (not named in the articles)
Director (not named in the articles)
Taner Redzheb
Director (not named in the articles)
Director (not named in the articles)
Boardmandate already running before its first mention
Mandates as a list
- YILMAZ Emir
- Director (not named in the articles), from 03-12-2024 to date
- Taner Redzheb
- Director (not named in the articles), since before 31-12-2025
Control
Founder
YILMAZ Emir
This company
MASTERTECH
Equity €49,341
Profit €47,341 in 2025
Capital
- Contribution
- €2,000
- Shares
- 100
- Contribution per share
- €20
- Equity per share
- €493 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 05-12-2024 (in Dutch)- 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.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 22 June at 20:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Founder
At incorporation
deed of 05-12-2024 ↗
- YILMAZ Emir sole founder · 100% at incorporation
Capital transactions
Capital over time
- 05-12-2024 Incorporation · 100 shares
- 05-12-2024 Incorporation · 100 shares
Network & group
No group
MASTERTECH has no parent and no holdings in its annual accounts. MASTERTECH shares no director with another company.
At the same address
Dendermondestraat 66, 2018 Antwerp · 1 other company| Yilmaz, Emir (sole trader)
establishment since 31-07-2020 |
founded in 2020 0671.868.520 |
Timeline
Timeline
5 events since 2024Board
Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 60 days late
- General meeting, 26-01-2026
- Director appointment, Taner Redzheb (director (not named in the articles))
- Power of attorney, BV Kasian
- Related document, 26-01-2026
- The deed holds 1 more point.
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1016922462
2024
IncorporationFounder: YILMAZ Emir · 100 shares · Appointment: YILMAZ Emir (director) · published on 05-12-20245 points ▸
- Founder, YILMAZ Emir
- 100 shares, mentioned twice in the deed
- Registered office clause, Dendermondestraat 66, 2018 Antwerpen
- Board rule, 1
- Director appointment, YILMAZ Emir (director (not named in the articles))
- The deed holds 1 more point.
First establishment Dendermondestraat 66, Antwerp
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 1016.922.462
- VAT number
- BE 1016.922.462
- Peppol ID
- 0208:1016922462
- Other Peppol ID
- 9925:BE1016922462
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 03-12-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 22 June at 20:00deed of 05-12-2024 (in Dutch)
- Peppol
- Reachable since 03-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MASTERTECH in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 05-12-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 05-12-2024 (in Dutch)
Activities
NACEBEL 202541003
General construction of other non-residential buildings main activity
43230
Insulation installation
43320
Joinery installation
43410
Roofing work
Codes under NACEBEL 2008
41203
Construction of residential and non-residential buildings main activity
43291
Specialised construction activities
43320
Joinery installation
43390
Specialised construction activities
43910
Specialised construction activities
56102
Limited-service restaurants
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het uitbaten van een café, restaurant, snackbar, meeneemrestaurant; Het uitbaten van een pizzeria; Het uitbaten van een kebab-zaak; De aan-…”deed of 05-12-2024 (in Dutch)
27 activities
- Het uitbaten van een café, restaurant, snackbar, meeneemrestaurant
- Het uitbaten van een pizzeria
- Het uitbaten van een kebab-zaak
- De aan-, verkoop en handel in allerhande voedingswaren en meeneemgerechten
- Het aankleden en inrichten van diverse restaurants, snackbars, enzovoorts.
- De uitoefening van alle aanverwante activiteiten
- Het uitvoeren of laten uitvoeren van alle renovatiewerken
- Het optrekken van ruwbouw van gebouwen
- Algemene coördinatie van bouwwerkzaamheden
- Dakbedekking en bouw van dakconstructies
- Het plaatsen van dakbedekking van ongeacht welk materiaal -het plaatsen van dakgoten en regenafvoerbuizen
- Het waterdicht maken van daken en dakterrassen
- Onderneming voor het bouwen van schoorstenen en industriële ovens
- Onderneming voor het uitvoeren van voegwerken
- Het aanbrengen in gebouwen en andere bouwwerken van isolatiemateriaal
- Het aanbrengen van pleister- en stukadoorswerk aan de binnen- of buitenzijde van gebouwen; het plaatsen van tussenwanden van gipsplaten
- Schrijnwerk van hout of van kunststof
- De installatie van al dan niet verplaatsbare tussenwanden, de bekleding van wanden, plafonds, enz.
- De montage van buiten- en binnenschrijnwerk in metaal: deuren, vensters, kozijnen, trappen, muurkasten, enzovoorts.
- De installatie van al dan niet verplaatsbare tussenwanden, de bekleding van wanden, plafonds, enz.
- De montage van serres, veranda's enz. in metaal -de montage van buiten- en binnenschrijnwerk van kunststof
- Het behandelen van muren met vochtwerende en waterafstotende producten
- Gevelreinigingswerken, gevelbeschermingswerken, gevelrenovatiewerken, gevelisolatie en gevelbekledingen
- Betonwerken, betonherstellingen, werken aan bruggen en industriële gebouwen,
- Overige werkzaamheden in verband met de afwerking van gebouwen
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen, alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de bouw, de verbouwing, de binnenhuisinrichting en decoratie, de huur- en verhuur, de ruil, de verkaveling en, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, van onroerende goederen of onroerende zakelijke rechten.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan - en verkoop, de huur- en verhuur, de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen; -Het verwerven en aanhouden van participaties, in eender welke vorm, in alle bestaande of op te richten, industriële, commerciële, financiële, landbouw- of immobiliënvennootschappen of – ondernemingen; het stimuleren, de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen, waarin ze een participatie aanhoudt; het deelnemen aan hun beheer, bestuur, vereffening, en toezicht alsmede het verlenen van technische, administratieve en financiële bijstand aan deze vennootschappen en ondernemingen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Dendermondestraat 66 registered office 2018 Antwerp | 03-12-2024 | 2.367.195.324 |
Buildings and parcels at the address
- Ground area
- 58 m²
- Buildings
- 58 m²
- Volume, LiDAR
- 671 m³
- Tallest building
- 14.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11811L3778/00B003 | 58 m² | 1 · 58 m² | 14.9 m · 5 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1016.922.462