Meester In Glas
ActiveSummary
Meester In Glas has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €-11k. Equity is growing by ~37.3% per year across the filed fiscal years. Its solvency ranks better than 57% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency76▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 7.42 against 3.48 in 2024; short-term debt: 12.4% and cash: 41.2% of total assets), and 48.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
51.4%
Return on assets
-16.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
28 d late
2023
28 d late
2022
30 d late
2021
11 d early
2020
106 d early
2019
87 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€36k▼ 24.0%
2024 · €48k
2018: €-46k
2019: €-48k
2020: €-48k
2021: €-25k
2022: €-16k
2023: €14k
2024: €48k
2018 → 2025
Total assets
€71k▼ 28.5%
2024 · €99k
2018: €13k
2019: €28k
2020: €48k
2021: €80k
2022: €63k
2023: €144k
2024: €99k
2018 → 2025
Net result
€-11k
2024 · €34k
2018: €-3k
2019: €-2k
2020: €-2k
2021: €23k
2022: €9k
2023: €30k
2024: €34k
2018 → 2025
Working capital
€56k▼ 10.6%
2024 · €63k
2018: €-56k
2019: €-57k
2020: €15k
2021: €40k
2022: €23k
2023: €109k
2024: €63k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-25k-€-16k▲ 35.0%€14k€48k▲ 240%€36k▼ 24.0%
Operating result€28k-€11k▼ 58.4%€41k▲ 257%€46k▲ 13.1%€-11k
Net result€23k-€9k▼ 62.0%€30k▲ 249%€34k▲ 12.2%€-11k
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 turns negative in 2025: a loss of €11k after €46k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71k
Fixed assets
€5k ▼ 46.7%
Current assets
€65k ▼ 26.4%
Equity and liabilities €71k
Equity
€36k ▼ 24.0%
Debt
€34k ▼ 32.7%
Debt's share of the balance-sheet total falls from 51.6% to 48.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-7k▼
2024 · €51k
Cash flow
€-7k▼
2024 · €39k
Current ratio
7.42▲
2024 · 3.48
Debt to equity
0.94▼
2024 · 1.07
ROE
-31.6%▼
2024 · 70.6%
ROA
-16.3%▼
2024 · 34.2%
Interest coverage
-119.41▼
2024 · 2235.34
Debt ≤ 1 year
€9k▼
2024 · €25k
Debt > 1 year
€26k=
2024 · €26k
Income taxes
€0▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€99k€71k▼
Fixed assets21/28€10k€5k▼
Tangible fixed assets22/27€10k€5k▼
Furniture and vehicles24€10k€5k▼
Current assets29/58€88k€65k▼
Amounts receivable within one year40/41€14k€36k▲
Trade receivables40€4k€16k▲
Other amounts receivable41€10k€20k▲
Cash at bank and in hand54/58€74k€29k▼
Equity and liabilities
Total equity and liabilities10/49€99k€71k▼
Equity10/15€48k€36k▼
Contributions10/11€19k€19k=
Reserves13€29k€18k▼
Distributable reserves133€29k€18k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€51k€34k▼
Amounts payable after more than one year17€26k€26k=
Other amounts payable178/9€26k€26k=
Amounts payable within one year42/48€25k€9k▼
Trade debts44€4k€494▼
Suppliers440/4€4k€494▼
Advances received on contracts in progress46-€451
Taxes, remuneration and social security45€21k€7k▼
Taxes450/3€21k€7k▼
Other amounts payable47/48€537€537=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€909€749▼
Gross operating margin9900€52k€-6k▼
Operating profit (loss)9901€46k€-11k▼
Financial income75/76B-€60
Recurring financial income75-€60
Financial charges65/66B€23€56▲
Recurring financial charges65€23€56▲
Profit (loss) for the period before taxes9903€46k€-11k▼
Income taxes67/77€13k€0▼
Profit (loss) for the period9904€34k€-11k▼
Profit (loss) for the period to be appropriated9905€34k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€-11k▼
Profit (loss) brought forward from the previous period14P€-5k€0▲
Transfer from equity791/2-€11k
Transfer to equity691/2€29k€0▼
To other reserves6921€29k€0▼
The notes to these accounts (7 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
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 13 days late
2025
31-12
Financial
Weakest financial yearnet €-11k ▼134%
Net result drops to €-11k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 7.42
Current ratio from 3.48 to 7.42; short-term debt falls from €25k to €9k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €34k ▲12.2%
Operating result €46k, net result €34k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 4.38
Current ratio from 2.06 to 4.38.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €23k
Net result €23k after 3 loss-making years.
16-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 98current ratio 4.37
Current ratio from 0.04 to 4.37; short-term debt falls from €60k to €5k.
Show earlier events
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Bocholt · 1 establishment unit since 2009
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.
Rademakersstraat 373950 BocholtGround area
1.3 ha
Building footprint
6,028 m²
Volume, LiDAR
11 m³
Parcel 72003A1363/00H000, Flanders · tallest building 1.0 m. Linked by address, not a title deed.
1 establishment unit
MIG - Meester in Glas
since 20092.185.499.872
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72003A1363/00H000 | Flanders | 1.3 ha | 1 · 6,028 m² | 1.0 m |
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.
Similar companies · same sector, comparable size
BE HOME EUROPE
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FERONNI GASTRO EQUIPMENT
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Vase
BE 1001.423.347
Schilde · Eq €27k
MARO
BE 0543.696.282
Oostkamp · Eq €25k
Meyvaert Glass Projects
BE 0699.901.025
Nazareth-De Pinte · Eq €23k
Of 61 companies in sector 46441 we hold annual accounts for 40. 20 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-08-2009
Fiscal year end31-12
Activities, NACEBEL 2025
46441Wholesale trade
46150Agents in the wholesale of furniture, household goods and hardware
47120Other non-specialised retail sale
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.