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Masterwatt BE

Active
Private limited companyfounded 20214 yrs activeRinglaan 17A, 2960 Brecht, BelgiumKBO/BCE: BE 0775.982.776
Summary

The computed 12-month bankruptcy probability of Masterwatt BE is 2.2% (moderate). The 2025 annual accounts show negative equity (-€137,428) and a net result of €11,685. Equity is shrinking by ~28.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 11293 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
Masterwatt BEActiveChecked score 53/100
Risk analysis ReportCompare

Overview

What they do
Retail sale of electrical household appliances
NACE 47540
1 site
How big
€47,794total assets 2025
Equity
-€137,428
Profit
€11,685
Turnover not published (abridged schema)
Financially healthy?
53 Fair Checked score 2025
Bankruptcy chance 12 m
2.2%
Who decides
Accounts 25 d early0 of 2 deeds read
Why 53- Negative equity -€137,428- 1 change of registered office in 24 months- Founded in 2021+ Figures for FY 2025 (filed 06-07-2026)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 43% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -287.5% of total assets
Liquidity 18+2
short-term debt 248.6% · cash 14.1%
Profitability 99+99
return on assets 24.4%
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (39,869 companies)
Last 24 months 11-2024: 2.4% 12-2024: 2.4%● 0.0% vs 11-2024 01-2025: 2.3%▼ -0.9% vs 12-2024 02-2025: 2.3%▼ -0.6% vs 01-2025 03-2025: 2.3%▼ -3.4% vs 02-2025 04-2025: 2.3%● 0.0% vs 03-2025 05-2025: 2.3%▲ +1.2% vs 04-2025 06-2025: 2.2%▼ -1.5% vs 05-2025 07-2025: 2.0%▼ -12.0% vs 06-2025lowest value 08-2025: 2.4%▲ +21.2% vs 07-2025 09-2025: 2.4%● 0.0% vs 08-2025 10-2025: 2.2%▼ -6.8% vs 09-2025 11-2025: 2.2%● 0.0% vs 10-2025 12-2025: 3.3%▲ +50.0% vs 11-2025 01-2026: 3.3%▼ -1.0% vs 12-2025 02-2026: 3.3%● 0.0% vs 01-2026 03-2026: 3.2%▼ -1.9% vs 02-2026 04-2026: 3.8%▲ +17.5% vs 03-2026 05-2026: 4.3%▲ +13.1% vs 04-2026 06-2026: 4.3%▼ -0.7% vs 05-2026 07-2026: 4.3%▲ +1.5% vs 06-2026highest value 08-2026: 2.3%▼ -46.2% vs 07-2026 09-2026: 2.3%▼ -1.6% vs 08-2026 10-2026: 2.2%▼ -3.0% vs 09-2026
  • Negative equity -€137,428 raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Figures for FY 2025 (filed 06-07-2026) lowers the probability
  • Founded in 2021 raises the probability for this profile
No credit on open account
Liquidity short (current ratio 0.29 against 0.46 in 2024; short-term debt: 248.6% and cash: 14.1% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 6%, liquidity 16%, profitability 91%, growth against the median 57%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity -€137,428
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Figures for FY 2025 (filed 06-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Founded in 2021
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 11293 sector peers (2025).
NBB · sector comparison
Position among 11293 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
25 d early
2024
13 d early
2023
14 d early
2022
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 19 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 13 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Back to profitnet €11,685
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€137,428 View
  • Caution: Among the weakest 5% on solvencysector median 37.2% · 11,293 companies -287.5% View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Total assets
€47,794
Profit
€11,685
Solvency
-287.5%
Total assets▼ 41.1%
Net result
20222025
Go to Financials

Timeline

Events
6
Since
2023
Next accounts
by 31-07-2027
  1. 06-07-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 18-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of electrical household appliancesNACE 47540
Founded
20-10-2021
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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