Masterwines

Active

Private limited companyfounded 2012active for 14 yearsSatenrozen 6A U006, 2550 Kontich, Belgium12 active companies are registered at this addressKBO/BCE: BE 0845.213.557

Summary

Masterwines has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€20,080) and a net result of €11,519. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 13,646 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow Report Compare

MasterwinesActiveChecked score 55/100

Risk analysis Report Compare

Activity

Wholesale of wines and spirits

NACE 46341Retail sale of wines and spirits NACE 47251

1 site

Size

€410,536total assets 2025

Equity: -€20,080
Profit: €11,519

Turnover not published (abbreviated or micro format)

Financial health

55 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.6%

Structure

Raijmaekers NathalieDirector

2025 accounts filed 30 days late2 of 6 deeds summarised

Why 55raises riskCapped at 59: negative equityNegative equity -€20,080Last filed accounts filed 30 days late; 1 of the last 3 latelowers riskSize: total assets €410,536Founded in 2012Show the evidence

Checked score

Score 2025

55 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 36% of its sector peers (NACE 46, micro)

Negative equity caps the score at 59. Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 20+4

equity -4.9% of total assets

Liquidity 7+5

short-term debt 81.7% · cash 1.7%

Profitability 43+38

return on assets 2.8%

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,881 companies, NACE 46, micro)

Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.5%▼ -0.1 percentage points vs 05-2025lowest value 07-2025: 0.7%▲ +0.2 percentage points vs 06-2025 08-2025: 1.1%▲ +0.4 percentage points vs 07-2025 09-2025: 1.8%▲ +0.7 percentage points vs 08-2025 10-2025: 1.8%● unchanged vs 09-2025 11-2025: 1.8%● unchanged vs 10-2025 12-2025: 1.8%● unchanged vs 11-2025 01-2026: 1.7%▼ -0.1 percentage points vs 12-2025 02-2026: 1.7%● unchanged vs 01-2026 03-2026: 1.7%● unchanged vs 02-2026 04-2026: 1.8%▲ +0.1 percentage points vs 03-2026 05-2026: 1.8%● unchanged vs 04-2026 06-2026: 1.7%▼ -0.1 percentage points vs 05-2026 07-2026: 1.7%● unchanged vs 06-2026 08-2026: 2.2%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 0.6%▼ -1.6 percentage points vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.99, compared with 0.83 in 2024, below 1; short-term debt: 81.7% and cash: 1.7% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 15% on solvency, 9% on liquidity, 34% on profitability and 84% on growth.

The bankruptcy probability was computed on 27-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises risk

Size: total assets €410,536

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 2012

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Negative equity -€20,080

NBB · annual accounts

Last filed accounts filed 30 days late; 1 of the last 3 late

NBB · filings

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 13646 sector peers (2025).

NBB · sector comparison

Position among 13646 sector peers

Solvency

better than 18%

← weakest strongest →

2025 accounts filed 30 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 10 filings

Deviation from the deadline

2025

30 days late

2024

31 days late

2023

21 days early

2022

2 days early

2021

5 days early

2020

30 days late

2019

31 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 13 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 filed years within 32 days of that day).

Companies Code · seven months

Where today falls in the filing period

28-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

30-08-2026 Annual accounts filedfinancial year 2025 · micro…
31-12-2025 Back to profitnet €11,519
31-08-2025 Annual accounts filedfinancial year 2024 · micro…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€20,080 View
Positive: Back in profit in 2025after -€39,991 in 2024 €11,519 View
Caution: Among the weakest 13% on equitysector median €56,557 · 13,676 companies -€20,080 View

By topic

Financials

Financial year: 2025
Total assets: €410,536
Profit: €11,519
Solvency: -4.9%

Total assets▲ 11.3%

Net result

20182025

Go to Financials

Board & ownership

Board: 1 member

Raijmaekers NathalieDirector

Go to Board & ownership

Timeline

Events: 19
Since: 2013
Next accounts: by 31-07-2027

31-12-2024Weakest financial year
24-07-2024Resignation: Hubert Mario (director)
10-07-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Wholesale of wines and spiritsNACE 46341
Founded: 12-04-2012
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 17

Annual meeting: Fourth Tuesday of May at 20:00

Go to Articles of association

Key facts about Masterwines

What is the company number of Masterwines?: 0845.213.557. In Belgium the VAT number is the company number with BE in front: BE 0845.213.557.
Where is Masterwines based?: The registered office is at Satenrozen 6A U006, 2550 Kontich.Company details
What does Masterwines do?: According to the KBO register, the main activity is wholesale of wines and spirits (NACE 46341).
What is the legal form of Masterwines?: Private limited company (BV).
When was Masterwines founded?: On 12-04-2012.
Is Masterwines still active?: Yes, Masterwines is an active enterprise in the KBO register.
How many employees does Masterwines have?: On average 1.4 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of Masterwines?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Masterwines profitable?: In financial year 2025, Masterwines made a profit of €11,519.
Where can I find the annual accounts of Masterwines?: Masterwines filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Masterwines due?: By 31-07-2027, for financial year 2026.Timeline