MASTERVIEW
ActiveSummary
MASTERVIEW has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.30M) and a net result of €-1.37M. Equity is shrinking by ~76.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-26
Solvency0▼-27
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 9.91 against 85.23 in 2024; short-term debt: 3.3% and cash: 0.3% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-71.3%
Return on assets
-74.9%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-1.30M
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
27 d early
2022
20 d early
2021
17 d late
2020
27 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€-1.30M
2024 · €65k
2019: €401k
2020: €288k
2021: €158k
2022: €16k
2023: €-55k
2024: €65k
2019 → 2025
Total assets
€1.83M▼ 41.7%
2024 · €3.13M
2019: €3.05M
2020: €3.12M
2021: €3.21M
2022: €3.27M
2023: €3.25M
2024: €3.13M
2019 → 2025
Net result
€-1.37M
2024 · €120k
2019: €-133k
2020: €-113k
2021: €-130k
2022: €-142k
2023: €-71k
2024: €120k
2019 → 2025
Working capital
€536k▼ 20.2%
2024 · €672k
2019: €1.65M
2020: €1.77M
2021: €1.89M
2022: €1.76M
2023: €1.72M
2024: €672k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€158k-€16k▼ 89.9%€-55k€65k€-1.30M
Operating result€40k-€45k▲ 12.7%€61k▲ 36.4%€61k▼ 0.5%€-827k
Net result€-130k-€-142k▼ 9.3%€-71k▲ 49.9%€120k€-1.37M
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €827k after €61k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.83M
Fixed assets
€1.23M ▼ 49.9%
Current assets
€596k ▼ 12.3%
Key figures and ratios
EBITDA
€-805k▼
2024 · €84k
Cash flow
€-1.34M▼
2024 · €143k
Solvency
-71.3%▼
2024 · 2.1%
Current ratio
9.91▼
2024 · 85.23
Debt to equity
-0.07▼
2024 · 0.60
ROA
-74.9%▼
2024 · 3.8%
Interest coverage
-1.22▼
2024 · 0.33
Debt
€93k▲
2024 · €39k
Debt ≤ 1 year
€60k▲
2024 · €8k
Debt > 1 year
€150=
2024 · €150
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.13M€1.83M▼
Fixed assets21/28€2.45M€1.23M▼
Tangible fixed assets22/27€1.25M€1.23M▼
Land and buildings22€1.25M€1.23M▼
Furniture and vehicles24€4k€4k=
Financial fixed assets28€1.20M-
Current assets29/58€680k€596k▼
Amounts receivable within one year40/41€127k€52k▼
Trade receivables40€107k€50k▼
Other amounts receivable41€20k€3k▼
Current investments50/53€447k€531k▲
Cash at bank and in hand54/58€96k€6k▼
Deferred charges and accrued income490/1€10k€7k▼
Equity and liabilities
Total equity and liabilities10/49€3.13M€1.83M▼
Equity10/15€65k€-1.30M▼
Contributions10/11€12k€12k=
Outside capital11€12k€12k=
Other1109/19€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€51k€-1.32M▼
Provisions and deferred taxes16€3.03M€3.03M▲
Provisions for liabilities and charges160/5€3.03M€3.03M▲
Other liabilities and charges164/5€3.03M€3.03M▲
Amounts payable17/49€39k€93k▲
Amounts payable after more than one year17€150€150=
Other amounts payable178/9€150€150=
Amounts payable within one year42/48€8k€60k▲
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€3k€57k▲
Accrued charges and deferred income492/3€31k€33k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€22k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1.00M
Other operating charges640/8€10k€12k▲
Gross operating margin9900€94k€207k▲
Operating profit (loss)9901€61k€-827k▼
Financial income75/76B€315k€121k▼
Recurring financial income75€315k€121k▼
Financial charges65/66B€256k€661k▲
Recurring financial charges65€256k€661k▲
Profit (loss) for the period before taxes9903€120k€-1.37M▼
Profit (loss) for the period9904€120k€-1.37M▼
Profit (loss) for the period to be appropriated9905€120k€-1.37M▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€-1.32M▼
Profit (loss) brought forward from the previous period14P€-70k€51k▲
The notes to these accounts (7 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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-1.37M
Net result drops to €-1.37M, the lowest in the series.
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €120k
Net result €120k after 5 loss-making years.
31-03
Financial
Liquidity times 11current ratio 85.23
Current ratio from 7.72 to 85.23; short-term debt falls from €256k to €8k.
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Koksijde · 1 establishment unit since 2005
Ground area
3,745 m²
Building footprint
609 m²
Volume, LiDAR
6,828 m³
Parcel 38502F0520/00G000, Flanders · tallest building 22.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MasterView
since 20052.150.050.728
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502F0520/00G000 | Flanders | 3,745 m² | 1 · 609 m² | 22.6 m · 4 fl. |
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.
Similar companies · same sector, comparable size
SoRH
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Nola Services
BE 1002.562.504
Waterloo · Eq €64,764
STRIKE FORCE ALPHA
BE 0771.376.464
Kaprijke · Eq €64,764
Devaughn Meuwissen Management
BE 1004.356.212
Genk · Eq €64,764
FAVER AGENCY
BE 0600.953.206
Lasne · Eq €64,762
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 39,332 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 (pre-2019)
Founded28-10-2005
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:mv@masterview.be