Debts
€35,117 87% of the balance sheet
Suppliers 42%Taxes and wages 51%Other 7%
MASTERY CONCEPT
Lifetime
3 annual accounts with figures on one time axispeak €14,051 (2024)
-€11,358▼ €25,409
lowest -€13,842 (2025)
-€13,842▼ €23,365
peak €19,097 (2024)
€5,255▼ 72.5%
€35,117▼ 59.4%
Board1 name since 2023
1 directorPICCININ Daniel
Documentsfilings and deeds
11-08-202611 days late
2025micro format
Gross margin from €14,051 to -€11,358Loss of €13,842Equity from €19,097 to €5,255Debts from €86,600 to €35,117Cash from €2,591 to €739
Key points
from the 2025 annual accountsFilings
3 annual accounts 3 late
The 2023 accounts came latest: 27 days after the end of the period.
Position in the sector
-€13,842
Lower net result than 90% of companies in specialised construction. Sector median €10,189 · 35,113 companies.
Turnover not published (micro format)
Checked score
48
Fair
Financially stronger than 7% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024lowest value
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 1.0%▲ +0.1 percentage points vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.1%▲ +0.1 percentage points vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.6%▲ +0.5 percentage points vs 07-2025
09-2025: 2.9%▲ +1.3 percentage points vs 08-2025
10-2025: 2.9%● unchanged vs 09-2025
11-2025: 2.8%▼ -0.1 percentage points vs 10-2025
12-2025: 2.5%▼ -0.3 percentage points vs 11-2025
01-2026: 2.5%● unchanged vs 12-2025
02-2026: 2.5%● unchanged vs 01-2026
03-2026: 2.5%● unchanged vs 02-2026
04-2026: 2.6%▲ +0.1 percentage points vs 03-2026
05-2026: 2.6%● unchanged vs 04-2026
06-2026: 2.6%● unchanged vs 05-2026
07-2026: 2.7%▲ +0.1 percentage points vs 06-2026
08-2026: 3.3%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 2.9%▼ -0.4 percentage points vs 08-2026
10-2026: 2.9%● unchanged vs 09-2026
11-2026: 2.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2023
Sector: Specialised construction activities (NACE 43)
Liquidity: current ratio 1.11, cash €739, halved
Equity €5,255 (13.0% of total assets)
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 43, micro). It does better than 16% of them on solvency, 4% on liquidity, 4% on profitability and 6% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 1,207 companies had the same profile as MASTERY CONCEPT has now. Each dot stands for 4 companies, two years later.
90.1%
were still trading
4.6%
stopped another way
4.6%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MASTERY CONCEPT itself: 2.9% 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 1,207 companies, not a prediction for MASTERY CONCEPT. 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 publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.11 (1.2 in 2024), below the usual 1.5. Short-term debt is 87% and cash 1.8% of total assets. 87% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 35125 sector peers (2025).
NBB · sector comparisonPosition among 35125 sector peers
Solvency
better than 16%
← weakest
strongest →
raises risk · 2025 accounts filed 11 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 · 3 filingsDeviation from the deadline
2025
11 days late
2024
13 days late
2023
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 17 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · 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 13 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800259007
Incorporation
Founder: PICCININ Daniel (comparant) · Appointment: PICCININ Daniel (director) · 100 shares · published on 04-04-2023 · Gazette deed
First establishment
Rue Saint-Roch, Biesme 11A, Mettet
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MASTERY CONCEPT Mettet | €40,372 | -€11,358 | 13.0% | - |
| CCA TERRASSEMENT Namur | €38,462 | -€2,015 | 13.8% | - |
| RECYCLAGE, MATERIEL ET TRANSPORT Herstal | €43,429 | -€3,660 | -103.7% | - |
| DEBARSY TERRASSEMENT Gesves | €24,122 | -€8,824 | 0.4% | - |
| DICA TRAVAUX Liège | €37,275 | €849 | 96.9% | - |
| RPS GROUP Auderghem | €30,109 | -€1,986 | 2.6% | - |
| MADIMMO Binche | €48,156 | -€1,723 | 100.0% | - |
These companies have the same main activity as MASTERY CONCEPT: site preparation (NACE 43120). They are comparable in size and age: total assets between €24,100 and €48,200, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 31-03-2023Normal situation
- Activity
- Site preparationNACE 43120and 4 others
- Establishment unit
- 2.344.893.1435640 Mettet, since 31-03-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 11-06-2025
Insights on MASTERY CONCEPT
MASTERY CONCEPT files the micro format. That format states no turnover. The gross margin fell from €6,942 in 2023 to -€11,358 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MASTERY CONCEPT
- What is the company number of MASTERY CONCEPT?
- The company number of MASTERY CONCEPT is 0800.259.007. The VAT number is the same number with BE in front: BE 0800.259.007.
- Where is MASTERY CONCEPT based?
- The registered office is at Rue Saint-Roch, Biesme 11A, 5640 Mettet.Company details
- What does MASTERY CONCEPT do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of MASTERY CONCEPT?
- MASTERY CONCEPT is a private limited company (BV).
- When was MASTERY CONCEPT founded?
- MASTERY CONCEPT was founded on 31-03-2023.
- Is MASTERY CONCEPT still active?
- Yes, MASTERY CONCEPT is an active enterprise in the KBO register.
- What is the turnover of MASTERY CONCEPT?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is MASTERY CONCEPT profitable?
- In financial year 2025, MASTERY CONCEPT made a loss of €13,842.
- Where can I find the annual accounts of MASTERY CONCEPT?
- MASTERY CONCEPT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MASTERY CONCEPT due?
- MASTERY CONCEPT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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