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Generated 01-08-2026
Active BE 0774.514.910Private limited company

Material Mastery

Adolf Baeyensstraat 134 i ·9040 Gent, Belgium· 4 yrs active
Sector: Head offices & management consulting (70200)
Conclusion Checked

The computed 12-month bankruptcy probability of Material Mastery is 0.5% (low). The 2025 annual accounts show equity of €59k and a net result of €-24k. Equity is shrinking by ~32.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 68% of 496 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €59k
Net result €-24k
Staff (FTE) 1
Better than sector 68%
Snowflake analysis 5 axes · computed by Checked
Health60Profitability0Solvency100Growth32Stability94
57 / 100

Mixed profile: strong on solvency, weaker on profitability.

Health 60
Profitability 0
Solvency 100
Growth 32
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
0.5% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
60 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 10-10-2025 with the NBB · fiscal year 2025 · verkort
€-50k€0€50k€100kOperating result 2023: €113k€113kNet result 2023: €113k€113kOperating result 2024: €-33k€-33kNet result 2024: €-33k€-33kOperating result 2025: €-23k€-23kNet result 2025: €-24k€-24k202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining At this pace, equity would indicatively turn negative around fiscal year 2028, assuming unchanged policy.
€-50k€0€50k€100k2026: €33k (€28k - €37k)2027: €6k (€1k - €11k)2028: €-21k (€-26k - €-16k)2023: €113k2024: €83k2025: €59k202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 65.1% 44.9%
better than 68% of 496 sector peers
Net result €-24k €56k
better than 8% of 496 sector peers
Equity €59k €214k
better than 24% of 496 sector peers
Gross operating margin €23k €98k
better than 20% of 496 sector peers
Staff costs €38k €138k
higher than 31% of 94 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-17k
+39.6% far below sector median
Net profit
€-24k
+28.0% far below sector median
Cash flow
€-18k
+38.8% far below sector median
Total assets
€91k
-37.4% +3% vs sector
Equity
€59k
-28.5% +115% vs sector
Working capital
€47k
-51.8% +112% vs sector
Employees (FTE)
1
+11.1% 23-25
Staff costs
€38k
+35.6% far above sector median
Debt
€32k
-49.1% -34% vs sector
Debt ≤ 1y
€32k
-12.6% -34% vs sector
Current ratio
2.47
-32.7% +60% vs sector
Quick ratio
2.47
-32.7% +60% vs sector
Solvency
65.1%
+14.1% +43% vs sector
Debt / equity
0.54
-28.8% -55% vs sector
ROE
-39.9%
-0.8% far below sector median
ROA
-26.0%
-15.0% far below sector median
Interest coverage
-34.39
+77.6% far below sector median
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€-17k
Net profit€-24k
Cash flow€-18k
Staff costs€38k
Income taxes-
Dividends-
Total assets€91k
Equity€59k
Debt€32k
of which ≤ 1y€32k
of which > 1y-
Working capital€47k
Employees (FTE)1.0
Ratios (computed)
2025
Current ratio2.47
Quick ratio2.47
Working capital ratio51.2%
Solvency65.1%
Debt / equity0.54
Long-term debt ratio-
Interest coverage-34.39
Gross margin-
Net margin-
ROA-26.0%
ROE-39.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€91k
Fixed assets 21/28€13k
Tangible fixed assets 22/27€12k
Financial fixed assets 28€500
Current assets 29/58€78k
Amounts receivable within one year 40/41€67k
Cash & bank 54/58€9k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€91k
Equity 10/15€59k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€56k
Amounts payable 17/49€32k
Amounts payable within one year 42/48€32k
Trade debts payable within one year 44€24k
Income statement
Gross operating margin 9900€23k
Operating result 9901€-23k
Financial income 75€186
Financial charges 65€509
Result before taxes 9903€-24k
Net result for the period 9904€-24k
Result to be appropriated 9905€-24k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Head offices & management consulting(70200)
Legal form Private limited company(610)
Incorporation23-09-2021
StatusActive
Postal code9040
Establishment units 1 location
Material Mastery
Adolf Baeyensstraat 134i, 9040 GentOverige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
since 20212.322.869.094
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44432C0996/00C003 Flanders 2,584 m² 1 · 219 m² 7.2 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
10-10-2025
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2024
05-11-2024
State Gazette act Director changes
30-10-2024
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2023
08-08-2023
NBB filing Annual accounts filed
fiscal year 2023 · micro
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2024
05-11-2024 Gueneau de Mussy, Jean Paul resigns as director (executive) Director changes
  • Gueneau de Mussy, Jean Paul, Directeur
Technical details 
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      },
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      "evidence_quote": "Het bestuursorgaan neemt kennis van het ontslag van de voornoemde heer Gueneau de Mussy, Jean Paul, aangeboden op 30/09/2022.",
      "decharge_status": null,
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    },
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      "evidence_quote": "Het bestuursorgaan neemt kennis van het ontslag van de voornoemde heer Gueneau de Mussy, Jean Paul, aangeboden op 30/09/2022.",
      "decharge_status": "granted",
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  ],
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    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2024-11-05",
    "filing_date": "2024-10-24",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-12-20",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0774.514.910",
    "name_full": "Material Mastery",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "org",
    "org_kbo": "0426.987.070",
    "org_name": "umain Gent",
    "person_name": null,
    "org_rep_person_name": "Angelo Pisonier",
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Ingenieurs en aanverwante technische adviseurs, exclusief landmeters71121Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121Ingenieurs en aanverwante technische adviseurs, exclusief landmeters71121Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121
Primary activity highlighted.
Names & trade names
Legal nameNL Material Mastery
Registered office
Adolf Baeyensstraat 134 i
9040 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative