Material Mastery
ActiveMaterial Mastery has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. 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 62% of 8623 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency90▲+8
Growth32=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.47 against 3.67 in 2024; short-term debt: 34.9% and cash: 9.4% of total assets), and 34.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.1%
Return on assets
-26%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year €-24k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-10-2025, 21 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
21 d early
2024
1 d early
2023
84 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€59k▼ 28.5%
2024 · €83k
2023: €113k
2024: €83k
2023 → 2025
Total assets
€91k▼ 37.4%
2024 · €145k
2023: €154k
2024: €145k
2023 → 2025
Net result
€-24k▲ 28.0%
2024 · €-33k
2023: €113k
2024: €-33k
2023 → 2025
Working capital
€47k▼ 51.8%
2024 · €97k
2023: €113k
2024: €97k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€113k-€83k▼ 26.5%€59k▼ 28.5%
Operating result€113k-€-33k€-23k▲ 28.6%
Net result€113k-€-33k€-24k▲ 28.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2025 against €33k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91k
Fixed assets
€13k▲ 4.4%
Current assets
€78k▼ 41.1%
Equity and liabilities €91k
Equity
€59k▼ 28.5%
Debt
€32k▼ 49.1%
The debt ratio falls from 42.9% to 34.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-17k▲
2024 · €-29k
Cash flow
€-18k▲
2024 · €-29k
Solvency
65.1%▲
2024 · 57.1%
Current ratio
2.47▼
2024 · 3.67
Quick ratio
2.47▼
2024 · 3.67
Debt / equity
0.54▼
2024 · 0.75
ROE
-39.9%▼
2024 · -39.6%
ROA
-26.0%▼
2024 · -22.6%
Interest coverage
-34.39▲
2024 · -153.55
Debt
€32k▼
2024 · €62k
Debt ≤ 1 year
€32k▼
2024 · €36k
Staff costs
€38k▲
2024 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€145k€91k▼
Fixed assets21/28€12k€13k▲
Tangible fixed assets22/27€12k€12k▲
Plant, machinery and equipment23-€5k
Furniture and vehicles24€8k€4k▼
Other tangible fixed assets26€3k€3k▼
Financial fixed assets28€500€500=
Current assets29/58€133k€78k▼
Amounts receivable within one year40/41€82k€67k▼
Trade receivables40€55k€53k▼
Other amounts receivable41€28k€15k▼
Cash at bank and in hand54/58€50k€9k▼
Deferred charges and accrued income490/1€340€2k▲
Equity and liabilities
Total equity and liabilities10/49€145k€91k▼
Equity10/15€83k€59k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€80k€56k▼
Amounts payable17/49€62k€32k▼
Amounts payable within one year42/48€36k€32k▼
Trade debts44€28k€24k▼
Suppliers440/4€28k€24k▼
Taxes, remuneration and social security45€8k€8k▼
Taxes450/3€3k€459▼
Remuneration and social security454/9€5k€7k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€26k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€28k€38k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€228€3k▲
Gross operating margin9900€-1k€23k▲
Operating profit (loss)9901€-33k€-23k▲
Financial income75/76B€39€186▲
Recurring financial income75€39€186▲
Financial charges65/66B€189€509▲
Recurring financial charges65€189€509▲
Profit (loss) for the period before taxes9903€-33k€-24k▲
Profit (loss) for the period9904€-33k€-24k▲
Profit (loss) for the period to be appropriated9905€-33k€-24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€80k€56k▼
Profit (loss) brought forward from the previous period14P€113k€80k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-33k ▼129%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Adolf Baeyensstraat 134 i9040 GentGround area
2,584 m²
Building footprint
219 m²
Volume, LiDAR
1,380 m³
Parcel 44432C0996/00C003, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Material Mastery
since 20212.322.869.094
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0996/00C003 | Flanders | 2,584 m² | 1 · 219 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 41,278 EUR awarded · 41,278 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | -8,722 EUR | 16,278 EUR |
| 2023 | 1 | 0 EUR | 25,000 EUR |
| 2022 | 1 | 50,000 EUR | 0 EUR |
Schemes
Innovatieprojecten in de context van een speerpuntcluster
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 38,954 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-09-2021
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.