Equity
-€1.4m
Debts exceed assets in financial year 2026.
MASTERVIEW
Overview
Lifetime
20 annual accounts with figures on one time axispeak €946,299 (2012)
€102,560▼ 50.4%
lowest -€1.4m (2025)
-€114,927▲ €1.3m
peak €1.2m (2013)
-€1.4m▼ €114,927
€57,788▼ 38.2%
Board1 name since 2022
1 directorVergotte Marianne
Documentsfilings and deeds
27-10-20264 days before the deadline
2026abbreviated format
Gross margin from €206,606 to €102,560Loss of €114,927Debts from €93,436 to €57,788Cash from €5,596 to €10,442
Key points
from the 2026 annual accountsResult
-€114,927 ▲ 91.6%
The result rose in 2026: different schema filed.
Turnover
≈ €160,000 estimated
The accounts state no turnover.
Liquidity
18.85 was 9.91 in 2025
Short-term debts fell from €60,178 to €25,059.
Filings
20 annual accounts since 2007
Two of the last ten came late. The 2020 accounts came latest: 27 days after the end of the period.
Position in the sector
-84.4%
Lower solvency than 95% of companies in head offices and management consultancy. Sector median 54.4% · 563 companies.
Checked score
53
Fair
Financially stronger than 20% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.2%▲ +0.1 percentage points vs 09-2025
11-2025: 1.4%▲ +1.2 percentage points vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.4%● unchanged vs 03-2026
05-2026: 1.4%● unchanged vs 04-2026highest value
06-2026: 1.4%● unchanged vs 05-2026
07-2026: 1.4%● unchanged vs 06-2026
08-2026: 1.4%● unchanged vs 07-2026
09-2026: 1.3%▼ -0.1 percentage points vs 08-2026
10-2026: 0.4%▼ -0.9 percentage points vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€1.4m
Loss of €114,927, the second in a row (financial year 2026)
lowers risk
Size: total assets €1.7m
Sector: Activities of head offices; management consultancy activities (NACE 70)
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 70, micro). It does better than 3% of them on solvency, 37% on liquidity, 12% on profitability and 29% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 1,242 companies had the same profile as MASTERVIEW has now. Each dot stands for 4 companies, two years later.
92.8%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MASTERVIEW itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,242 companies, not a prediction for MASTERVIEW. 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
No credit on open account
Liquidity is ample, with a current ratio of 18.85 (9.91 in 2025), above the usual 1.5. Short-term debt is 1.5% and cash 0.6% of total assets. However, equity is negative.
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
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year -€1.4m
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 27-10-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
4 days early
2025
1 day early
2024
6 days early
2023
27 days early
2022
20 days early
2021
17 days late
2020
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 25 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0876996497
First establishment
Kluislaan 17, Koksijde
Incorporation
published on 09-11-2005 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MASTERVIEW Koksijde | €1.7m | €102,560 | -84.4% | - |
| FIROPAN Wevelgem | €1.9m | €101,713 | 26.4% | - |
| HUYGHE & VERSTRAETE Menen | €1.7m | €112,269 | 80.8% | - |
| COMAPE Bruges | €1.9m | €114,798 | 34.1% | - |
| TEN BERGHE Pittem | €2.0m | €100,059 | 74.5% | - |
| FRANCO-INVEST Knokke-Heist | €1.5m | €97,348 | 38.8% | - |
| STRACT Tielt | €1.7m | €87,978 | 10.7% | - |
These companies have the same main activity as MASTERVIEW: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.5m and €2m, founded between 2003 and 2005.
Official details
Source: KBO- Status
- Active since 28-10-2005Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.150.050.7288670 Koksijde, since 22-11-2005
- Financial year end
- 31 March
- Peppol
- Reachable since 02-10-2025
Annual accounts to 31-03-2026
- €102,560▼ 50.4%
- €114,927▼ 91.6%
- -€1.4m▼ 8.8%
- €1.7m▼ 8.0%
- Filing
- Filed on 27-10-2026, 4 days before the end of the filing period
Insights on MASTERVIEW
MASTERVIEW files the abbreviated format. That format states no turnover. The gross margin fell from €893,230 in 2007 to €102,560 in 2026.
The balance sheet grew most from 2011 to 2013 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2026
abbreviated format, filed on 27-10-2026, 4 days before the deadline€102,560
▼ 50.4%
€71,735
▲ €898,573
-€114,927
▲ €1.3m
€447,287
▼ 16.6%
-84.4%
▼ 13.0 percentage points
18.85
▲ 8.94
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €130,000 and €210,000.
Balance sheet
balance sheet total €1.7m on 31-03-2026What the company ownsHow it is paid for
in €m
in euro
Position in the sector
-84.4%
Lower than 95% of 10,855 companies in 2025.
18.85
Higher than 88% of 10,477 companies in 2025.
-6.8%
Lower than 95% of 10,724 companies in 2025.
MASTERVIEW
Middle half of the sector
80% of the sector
Abbreviated accounts in head offices and management consultancy (NACE 70)
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
1.7m | 1.8m | 3.1m | 3.3m | 3.3m | 3.2m | 3.1m | 3.0m | 3.1m | 3.1m | 3.4m | 3.5m | 3.9m | 3.9m | 3.4m | 3.3m | 3.3m | 3.3m | 3.3m | 3.2m | |
21/28 |
1.2m | 1.2m | 2.5m | 1.3m | 1.3m | 1.3m | 1.3m | 1.4m | 1.4m | 1.5m | 1.5m | 1.3m | 1.1m | 960,487 | 3.0m | 3.1m | 3.0m | 3.1m | 3.1m | 3.2m | |
22/27 |
1.2m | 1.2m | 1.3m | 1.3m | 1.3m | 1.3m | 1.3m | 1.4m | 1.4m | 1.5m | 1.5m | 1.3m | 1.1m | 960,487 | 541,331 | 583,834 | 549,124 | 583,154 | 621,769 | 651,341 | |
22 |
1.2m | 1.2m | 1.2m | 1.3m | 1.3m | 1.3m | 1.3m | 1.4m | 1.4m | 1.5m | 1.5m | 740,485 | 762,356 | 792,727 | 501,156 | 531,446 | 540,892 | 565,534 | 592,627 | 609,337 | |
23 |
- | - | - | - | - | 323 | 646 | - | - | - | - | 478 | 956 | - | - | - | - | - | 1,440 | 4,319 | |
24 |
3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 3,538 | 15,750 | 27,963 | 40,175 | 52,388 | 8,232 | 17,620 | 27,702 | 37,684 | |
27 |
- | - | - | - | - | - | - | - | - | - | - | 589,167 | 357,216 | 139,796 | - | - | - | - | - | - | |
28 |
- | - | 1.2m | - | - | - | - | - | - | - | - | - | - | - | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | |
29/58 |
472,346 | 596,224 | 679,544 | 2.0m | 2.0m | 1.9m | 1.8m | 1.7m | 1.7m | 1.6m | 1.9m | 2.2m | 2.8m | 3.0m | 316,858 | 204,478 | 218,865 | 262,388 | 183,164 | 6,125 | |
29 |
200,000 | - | - | - | - | - | - | - | - | - | - | 1.5m | 1.5m | 1.5m | - | - | - | - | - | - | |
291 |
200,000 | - | - | - | - | - | - | - | - | - | - | 1.5m | 1.5m | 1.5m | - | - | - | - | - | - | |
40/41 |
83,721 | 52,305 | 126,935 | 507,774 | 319,971 | 288,920 | 189,525 | 83,109 | 91,476 | 77,460 | 42,846 | 36,435 | 7,192 | 9,556 | 72,076 | 73,625 | 1,285 | 53,411 | 81,311 | - | |
40 |
42,721 | 49,562 | 107,044 | 99,932 | 105,333 | 68,998 | 35,210 | 54,606 | 80,221 | 58,165 | 30,546 | 34,309 | 4,867 | 9,556 | 71,914 | 73,497 | 1,053 | 46,536 | 52,987 | - | |
41 |
41,000 | 2,742 | 19,892 | 407,843 | 214,638 | 219,922 | 154,316 | 28,503 | 11,255 | 19,295 | 12,299 | 2,126 | 2,324 | - | 162 | 128 | 232 | 6,875 | 28,325 | - | |
50/53 |
175,568 | 530,892 | 446,529 | 1.4m | 1.6m | 1.6m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | - | - | - | - | 75,000 | 200,000 | 180,000 | 100,000 | - | |
54/58 |
10,442 | 5,596 | 95,627 | 37,938 | 44,784 | 38,230 | 21,187 | 23,251 | 27,143 | 12,604 | 318,788 | 645,983 | 1.2m | 1.4m | 244,782 | 55,853 | 17,580 | 28,977 | 1,853 | 6,125 | |
490/1 |
2,615 | 7,431 | 10,453 | 34,218 | 21,591 | 21,261 | 24,778 | 17,477 | 10,097 | 16,883 | 5,099 | 22,500 | 22,500 | 22,500 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
1.7m | 1.8m | 3.1m | 3.3m | 3.3m | 3.2m | 3.1m | 3.0m | 3.1m | 3.1m | 3.4m | 3.5m | 3.9m | 3.9m | 3.4m | 3.3m | 3.3m | 3.3m | 3.3m | 3.2m | |
10/15 |
-1.4m | -1.3m | 64,764 | -55,262 | 15,927 | 158,120 | 288,186 | 400,906 | 533,759 | 652,129 | 770,156 | 908,879 | 1.0m | 1.2m | 485,854 | 22,131 | 548,289 | 636,811 | 745,886 | 410,980 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-1.4m | -1.3m | 50,504 | -69,522 | 1,667 | 143,860 | 273,926 | 386,646 | 519,499 | 637,869 | 755,896 | 894,619 | 1.0m | 1.2m | 471,594 | 7,871 | 534,029 | 622,551 | 731,626 | 396,720 | |
16 |
3.0m | 3.0m | 3.0m | 3.0m | 3.0m | 3.0m | 2.8m | 2.6m | 2.4m | 2.3m | 2.1m | 2.1m | 2.6m | 2.6m | 2.6m | 2.6m | 2.5m | 2.5m | 2.5m | 2.0m | |
160/5 |
3.0m | 3.0m | 3.0m | 3.0m | 3.0m | 3.0m | 2.8m | 2.6m | 2.4m | 2.3m | 2.1m | 2.1m | 2.6m | 2.6m | 2.6m | 2.6m | 2.5m | 2.5m | 2.5m | 2.0m | |
164/5 |
3.0m | 3.0m | 3.0m | 3.0m | 3.0m | 3.0m | 2.8m | 2.6m | 2.4m | 2.3m | - | - | - | - | - | - | - | - | - | - | |
17/49 |
57,788 | 93,436 | 38,639 | 286,706 | 247,394 | 56,350 | 40,486 | 36,956 | 121,115 | 171,844 | 503,821 | 523,002 | 231,587 | 110,768 | 280,518 | 696,740 | 173,161 | 185,573 | 59,701 | 746,115 | |
17 |
420 | 150 | 150 | 150 | 150 | 150 | - | 1,780 | 1,780 | 1,780 | 1,780 | - | - | - | - | - | - | 50 | 50 | 50 | |
178/9 |
420 | 150 | 150 | 150 | 150 | 150 | - | 1,780 | 1,780 | 1,780 | 1,780 | - | - | - | - | - | - | 50 | 50 | 50 | |
42/48 |
25,059 | 60,178 | 7,973 | 256,205 | 217,333 | 26,799 | 11,653 | 6,962 | 91,786 | 143,219 | 475,931 | 497,654 | 207,021 | 86,999 | 257,555 | 674,589 | 147,824 | 8,105 | 11,433 | 735,565 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 690,000 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 190,000 | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 500,000 | |
44 |
1,333 | - | 1,381 | 6,112 | 1,467 | 16,975 | 5,537 | 266 | 3,106 | 8,436 | 24,394 | 2,422 | 75,790 | 55,973 | 5,319 | 2,438 | 2,714 | 3,904 | 6,141 | 15,644 | |
440/4 |
1,333 | - | 1,381 | 6,112 | 1,467 | 16,975 | 5,537 | 266 | 3,106 | 8,436 | 24,394 | 2,422 | 75,790 | 55,973 | 5,319 | 2,438 | 2,714 | 3,904 | 6,141 | 15,644 | |
45 |
2,538 | 3,543 | 3,412 | 3,492 | - | 1,335 | 2,720 | 4,696 | - | - | 2,250 | 3,947 | 4,402 | 19,712 | 226,560 | 5,326 | 1,897 | 4,030 | 5,292 | 29,921 | |
450/3 |
2,538 | 3,543 | 3,412 | 3,492 | - | 1,335 | 2,720 | 4,696 | - | - | 2,250 | 3,947 | 4,402 | 19,712 | 226,560 | 5,326 | 1,897 | 4,030 | 5,292 | 29,921 | |
47/48 |
21,187 | 56,635 | 3,181 | 246,600 | 215,867 | 8,489 | 3,396 | 2,000 | 88,680 | 134,783 | 449,288 | 491,284 | 126,828 | 11,313 | 25,676 | 666,826 | 143,214 | 170 | - | - | |
492/3 |
32,309 | 33,109 | 30,516 | 30,352 | 29,911 | 29,401 | 28,833 | 28,214 | 27,549 | 26,845 | 26,109 | 25,348 | 24,566 | 23,769 | 22,963 | 22,151 | 25,336 | 177,418 | 48,218 | 10,500 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | 13,606 | 513,525 | 11,951 | 10,986 | 10,099 | 9,283 | 11,689 | - | |
9900 |
102,560 | 206,606 | 93,879 | 93,200 | 81,194 | 97,870 | 95,175 | 77,138 | 84,415 | 65,200 | -28,603 | 15,622 | -15,125 | 533,367 | 946,299 | 414,746 | 136,719 | 120,495 | 706,551 | 893,230 | |
630 |
21,903 | 21,903 | 22,848 | 22,848 | 22,891 | 47,907 | 49,991 | 50,025 | 50,100 | 51,207 | 28,027 | 44,007 | 43,063 | 74,697 | 42,502 | 42,502 | 37,593 | 39,372 | 40,735 | 65,641 | |
631/4 |
- | 1.0m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
8,922 | 11,541 | 9,948 | 8,991 | 13,304 | 10,034 | 8,364 | 8,211 | 8,689 | 6,712 | 4,779 | 4,908 | 4,922 | 18,492 | 4,399 | 9,529 | 3,603 | 5,535 | 1,974 | 66,690 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | 26,750 | 25,804 | 25,088 | 20,664 | 17,410 | 18,527 | 15,529 | 9,174 | |
9901 |
71,735 | -826,838 | 61,083 | 61,361 | 44,999 | 39,929 | 36,820 | 18,903 | 25,625 | 7,281 | -61,410 | -33,293 | -63,109 | 440,179 | 899,398 | 362,715 | 95,522 | 75,588 | 663,842 | 760,899 | |
75/76B |
78,072 | 120,928 | 315,441 | 119,964 | 61,425 | 58,483 | 61,005 | 42,504 | 36,270 | 43,723 | 93,277 | 121,218 | 100,937 | 86,256 | 1,473 | 856 | 1,546 | 4,313 | 12,922 | 254 | |
75 |
78,072 | 120,928 | 315,441 | 119,964 | 61,425 | 58,483 | 61,005 | 42,504 | 36,270 | 43,723 | 93,277 | 121,218 | 100,937 | 86,256 | 1,473 | 856 | 1,546 | 4,313 | 12,922 | 254 | |
65/66B |
264,734 | 660,511 | 256,498 | 252,514 | 248,616 | 228,479 | 210,545 | 194,260 | 179,925 | 168,581 | 170,407 | 217,077 | 184,981 | 186,129 | 181,568 | 180,050 | 178,279 | 176,625 | 167,960 | 145,154 | |
65 |
264,734 | 660,511 | 256,498 | 252,514 | 248,616 | 228,479 | 210,545 | 194,260 | 179,925 | 168,581 | 170,407 | 217,077 | 184,981 | 186,129 | 181,568 | 180,050 | 178,279 | 176,625 | 167,960 | 145,154 | |
9903 |
-114,927 | -1.4m | 120,026 | -71,189 | -142,193 | -130,066 | -112,720 | -132,853 | -118,030 | -117,577 | -138,540 | -129,151 | -160,297 | 828,027 | 706,166 | 173,842 | -88,522 | -105,968 | 504,964 | 606,825 | |
67/77 |
- | - | - | - | - | - | - | - | 340 | 450 | 184 | 262 | 278 | 115,013 | 242,443 | - | - | 3,107 | 170,057 | 208,246 | |
9904 |
-114,927 | -1.4m | 120,026 | -71,189 | -142,193 | -130,066 | -112,720 | -132,853 | -118,370 | -118,027 | -138,723 | -129,413 | -160,575 | 713,013 | 463,723 | 173,842 | -88,522 | -109,076 | 334,907 | 398,580 | |
9905 |
-114,927 | -1.4m | 120,026 | -71,189 | -142,193 | -130,066 | -112,720 | -132,853 | -118,370 | -118,027 | -138,723 | -129,413 | -160,575 | 713,013 | 463,723 | 173,842 | -88,522 | -109,076 | 334,907 | 398,580 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-1.4m | -1.3m | 50,504 | -69,522 | 1,667 | 143,860 | 273,926 | 386,646 | 519,499 | 637,869 | 755,896 | 894,619 | 1.0m | 1.2m | 471,594 | 707,871 | 534,029 | 622,551 | 731,626 | 398,580 | |
14P |
-1.3m | 50,504 | -69,522 | 1,667 | 143,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 700,000 | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 700,000 | - | - | - | - | |
| Document | |||||||||||||||||||||
The notes to these accounts have 8 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 2026 at the NBB, filed on 27-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | abbreviated format | 27-10-2026 | 2026-00569016 | |
| 31-03-2025 | micro format | 30-10-2025 | 2025-00553744 | |
| 31-03-2024 | micro format | 25-10-2024 | 2024-00514106 | |
| 31-03-2023 | micro format | 04-10-2023 | 2023-00470161 | |
| 31-03-2022 | micro format | 11-10-2022 | 2022-20456831 | |
| 31-03-2021 | micro format | 17-11-2021 | 2021-77400232 | |
| 31-03-2020 | micro format | 27-11-2020 | 2020-72200059 | |
| 31-03-2019 | micro format | 30-10-2019 | 2019-72100149 | |
| 31-03-2018 | micro format | 31-10-2018 | 2018-70800120 | |
| 31-03-2017 | micro format | 31-10-2017 | 2017-68200431 | |
| 31-03-2016 | abbreviated format | 31-10-2016 | 2016-66600488 | |
| 31-03-2015 | abbreviated format | 30-09-2015 | 2015-62400088 | |
| 31-03-2014 | abbreviated format | 30-10-2014 | 2014-66100105 | |
| 31-03-2013 | abbreviated format | 31-10-2013 | 2013-65200566 | |
| 31-03-2012 | abbreviated format | 31-10-2012 | 2012-62300517 | |
| 31-03-2011 | abbreviated format | 03-11-2011 | 2011-59400520 | |
| 31-03-2010 | abbreviated format | 29-10-2010 | 2010-59400372 | |
| 31-03-2009 | abbreviated format | 30-10-2009 | 2009-83100309 | |
| 31-03-2008 | abbreviated format | 28-11-2008 | 2008-82700196 | |
| 31-03-2007 | abbreviated format | 31-10-2007 | 2007-78600261 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 93,638 | -804,935 | 83,931 | 84,209 | 67,889 | 87,836 | 86,811 | 68,928 | 75,725 | 58,488 | -33,382 | 10,714 | -20,047 | 514,876 | 941,900 | 405,217 | 133,116 | 114,960 | 704,577 | 826,540 | ||
| -93,024 | -1.3m | 142,874 | -48,341 | -119,302 | -82,159 | -62,729 | -82,828 | -68,270 | -66,820 | -110,696 | -85,406 | -117,513 | 787,710 | 506,225 | 216,345 | -50,929 | -69,704 | 375,641 | 464,221 | ||
| 0 | 200,000 | 1.2m | 0 | 27,697 | 0 | 969 | 0 | 0 | 2,360 | 232,021 | 241,397 | 218,854 | 493,852 | 0 | 81,906 | 3,563 | 757 | 11,063 | 3.2m | ||
| 4,845 | -90,030 | 57,689 | -6,846 | 6,554 | 17,043 | -2,064 | -3,892 | 14,539 | -306,183 | -327,195 | -592,722 | -191,482 | 1.2m | 188,930 | 38,273 | -11,397 | 27,124 | -4,272 | - | ||
| 447,287 | 536,046 | 671,571 | 1.7m | 1.8m | 1.9m | 1.8m | 1.7m | 1.6m | 1.5m | 1.4m | 1.7m | 2.6m | 2.9m | 59,303 | -470,111 | 71,040 | 254,283 | 171,731 | -729,440 | ||
| -84.4% | -71.3% | 2.1% | -1.7% | 0.5% | 4.9% | 9.2% | 13.2% | 17.3% | 21.0% | 22.6% | 25.7% | 26.6% | 30.6% | 14.5% | 0.7% | 16.8% | 19.0% | 22.6% | 13.0% | ||
| 18.85 | 9.91 | 85.23 | 7.72 | 9.09 | 71.70 | - | - | 18.01 | 11.26 | 3.92 | 4.43 | 13.37 | 34.05 | 1.23 | 0.30 | 1.48 | 32.38 | 16.02 | 0.01 | ||
| - | - | 0.60 | - | 15.53 | 0.36 | 0.14 | 0.09 | 0.23 | 0.26 | 0.65 | 0.58 | 0.22 | 0.09 | 0.58 | 31.48 | 0.32 | 0.29 | 0.08 | 1.82 | ||
| - | - | 185.3% | - | -892.8% | -82.3% | -39.1% | -33.1% | -22.2% | -18.1% | -18.0% | -14.2% | -15.5% | 59.5% | 95.4% | 785.5% | -16.1% | -17.1% | 44.9% | 97.0% | ||
| -6.8% | -74.9% | 3.8% | -2.2% | -4.3% | -4.0% | -3.6% | -4.4% | -3.8% | -3.8% | -4.1% | -3.7% | -4.1% | 18.2% | 13.8% | 5.3% | -2.7% | -3.3% | 10.1% | 12.6% | ||
| 0.35 | -1.22 | 0.33 | 0.33 | 0.27 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €27,697 |
| Financial fixed assets | - | €200,000 | €1.2m | - | - |
| €21,903 | €21,903 | €22,848 | €22,848 | €22,891 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Insights on MASTERVIEW
The operating result for 2026 is a profit of €71,735, after a loss of €826,838 in 2025. It is the highest result since 2013.
Equity is negative. Debt (€57,788) exceeds the balance-sheet total (€1.7m).
Large changes and their cause
- 2026 Net result +92% on 2025. The accounts now follow the abbreviated format, last year the micro format.
Board & ownership
Board
1 directorMandates through the years
1 name, the dashed line is todayVergotte Marianne
Director
Director
Boardmandate already running before its first mention
Mandates as a list
- Vergotte Marianne
- Director, since before 31-03-2022
Control
Capital
- Contribution
- €12,400
- Source
- 2026 annual accounts
Network & group
Holdings
own accounts to 31-03-2026This companyMASTERVIEW1 holding, 1 country
accounts to 31-03-2026
Belgium 1 Equity Result
- BE Art Nivo95%open bankruptcy -€875,012 result -€1.0m
Source: list of holdings in its own 31-03-2026 accounts. Every holding stands with its own latest accounts.
Holdings and subsidiaries
1 holdingHoldings 1
Share, source and own figures per holding (1)
- ART NIVOsubsidiaryEquity -€875,012 Loss of €1.0m in 2023 (loss of €328,070 in 2022) Checked score 6Sourceown accounts 31-03-202695%
Connections & network
1 current directorThe network starts from the directors of MASTERVIEW. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
36 events since 2005Filings
Financial
Establishments
20062008201020122014201620182020202220242026
Deadline for the 2027 accounts: 31-10-2027
2026
Annual accounts 2026 filed NBBabbreviated format · 4 days before the deadline
2025
Annual accounts 2025 filed PDFmicro format · 1 day before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0876996497
Weakest financial year net -€1.4m The net result drops to -€1.4m, the lowest from 2007 to 2026. It recovers the following year.
2024
Annual accounts 2024 filed PDFmicro format · 6 days before the deadline
Back to profit net €120,026 The net result is €120,026, after 10 loss-making years.
Liquidity times 11 current ratio 85.23 The current ratio rises from 7.72 to 85.23. Short-term debt falls from €256,205 to €7,973.
2023
Annual accounts 2023 filed PDFmicro format · 27 days before the deadline
2022
Annual accounts 2022 filed PDFmicro format · 20 days before the deadline
2021
Annual accounts 2021 filed PDFmicro format · 17 days late
2020
Annual accounts 2020 filed PDFmicro format · 27 days late
2019
Annual accounts 2019 filed PDFmicro format · 1 day before the deadline
Liquidity more than 13 times current ratio 238.23 The current ratio rises from 18.01 to 238.23. Short-term debt falls from €91,786 to €6,962.
2018
Annual accounts 2018 filed PDFmicro format · on the deadline day
2017
Annual accounts 2017 filed PDFmicro format · on the deadline day
Liquidity more than doubled current ratio 11.26 The current ratio rises from 3.92 to 11.26. Short-term debt falls from €475,931 to €143,219.
2016
Annual accounts 2016 filed PDFabbreviated format · on the deadline day
2015
Annual accounts 2015 filed PDFabbreviated format · 31 days before the deadline
2014
Annual accounts 2014 filed PDFabbreviated format · 1 day before the deadline
2013
Annual accounts 2013 filed PDFabbreviated format · on the deadline day
Highest result from 2007 to 2026 net €713,013 ▲53.8% The net result of €713,013 is the highest of those years.
Liquidity more than 27 times current ratio 34.05 The current ratio rises from 1.23 to 34.05. Short-term debt falls from €257,555 to €86,999.
Equity above €1m equity €1.2m ▲147% After 3 profitable years in a row, equity reaches €1.2m.
2012
Annual accounts 2012 filed PDFabbreviated format · on the deadline day
Liquidity more than quadruples current ratio 1.23 The current ratio rises from 0.30 to 1.23. Short-term debt falls from €674,589 to €257,555.
2011
Annual accounts 2011 filed PDFabbreviated format · 3 days late
Back to profit net €173,842 The net result is €173,842, after 2 loss-making years.
2010
Annual accounts 2010 filed PDFabbreviated format · 2 days before the deadline
2009
Annual accounts 2009 filed PDFabbreviated format · 1 day before the deadline
Liquidity doubles current ratio 32.38 The current ratio rises from 16.02 to 32.38. Short-term debt falls from €11,433 to €8,105.
2008
Annual accounts 2008 filed PDFabbreviated format · 28 days late
Liquidity more than 1924 times current ratio 16.02 The current ratio rises from 0.01 to 16.02. Short-term debt falls from €735,565 to €11,433.
Equity above €500,000 equity €745,886 ▲81.5% With a profit in every financial year since 2007, equity grows to €745,886.
2007
Annual accounts 2007 filed PDFabbreviated format · on the deadline day
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
Company details
Identity
- Enterprise number
- 0876.996.497
- VAT number
- BE 0876.996.497
- Peppol ID
- 0208:0876996497
- Other Peppol ID
- 9925:BE0876996497
- Legal form
- Private limited company (pre-2019)
- Status
- Active, normal situation
- Founded
- 28-10-2005
- Financial year
- ends on 31 March
- Peppol
- Reachable since 02-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MASTERVIEW in Dutch
- Entity type
- Legal entity
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
Codes under NACEBEL 2003
74142
main activity
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kluislaan 17 registered office 8670 Koksijde 7020001 Business and other management consultancy | 22-11-2005 | 2.150.050.728 |
Buildings and parcels at the address
- Ground area
- 3,745 m²
- Buildings
- 609 m²
- Volume, LiDAR
- 6,828 m³
- Tallest building
- 22.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 38502F0520/00G000 | 3,745 m² | 1 · 609 m² | 22.6 m · 4 |
Contact
E-mail
mv@masterview.be