Checked.be
Active
BE 0798.751.745Private limited company
Must Technology
Ekelbeke 26 ·9220 Hamme (Vl.), Belgium· 3 yrs active
Sector: Specialised construction
(43120)
Conclusion
The computed 12-month bankruptcy probability of Must Technology is 4.3% (elevated). The 2025 annual accounts show negative equity (€-3k) and a net result of €-3k. Its solvency ranks better than 5% of 2862 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Key figures
| Equity | €-3k |
| Net result | €-3k |
| Better than sector | 5% |
| Active | 3 yrs |
Snowflake analysis
58
/ 100
Mixed profile: strong on profitability, weaker on health.
Health
22
Profitability
100
Solvency
42
Growth
32
Stability
94
Bankruptcy probability (12 mo)
4.3%
Elevated
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+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
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2023, 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
No administrative flags
Health barometer
22
/ 100
Critical
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview
Annual accounts filed on 03-02-2026 with the NBB · fiscal year 2025 · micro
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -13.9% | 43.4% | |
| Net result | €-3k | €14k | |
| Equity | €-3k | €44k | |
| Gross operating margin | €-430 | €39k | |
| Total assets | €21k | €115k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€990
-
-95% vs sector
€-3k
-133.9%
far below sector median
€653
-
-96% vs sector
€21k
-15.1%
-80% vs sector
€-3k
-
far below sector median
€-3k
-
far below sector median
€24k
-1.2%
-60% vs sector
€24k
-1.2%
-53% vs sector
0.88
-14.1%
-41% vs sector
0.88
-14.1%
-41% vs sector
-13.9%
-
far below sector median
-8.19
-
far below sector median
118.1%
-
far above sector median
-16.4%
-175.6%
far below sector median
2.94
-
-76% vs sector
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-3k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €21k |
| Equity | €-3k |
| Debt | €24k |
| of which ≤ 1y | €24k |
| of which > 1y | - |
| Working capital | €-3k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.88 |
| Quick ratio | 0.88 |
| Working capital ratio | -13.9% |
| Solvency | -13.9% |
| Debt / equity | -8.19 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -16.4% |
| ROE | 118.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €21k |
| Current assets | 29/58 | €21k |
| Amounts receivable within one year | 40/41 | €19k |
| Cash & bank | 54/58 | €24 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €21k |
| Equity | 10/15 | €-3k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €-5k |
| Amounts payable | 17/49 | €24k |
| Amounts payable within one year | 42/48 | €24k |
| Trade debts payable within one year | 44 | €16k |
| Income statement | ||
| Gross operating margin | 9900 | €-430 |
| Operating result | 9901 | €-2k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-3k |
| Net result for the period | 9904 | €-3k |
| Result to be appropriated | 9905 | €-3k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Legal Structure
| NACE primary | Specialised construction(43120) |
| Legal form | Private limited company(610) |
| Incorporation | 22-02-2023 |
| Status | Active |
| Postal code | 9220 |
Establishment units
Must Technology
since 20232.341.945.135
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
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. |
|---|---|---|---|---|
| 42452D0925/00V000 | Flanders | 917 m² | 1 · 159 m² | - |
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
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
03-02-2026
NBB filing
Annual accounts filed
2025
05-02-2025
NBB filing
Annual accounts filed
Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE)
Activities
Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220
Primary activity highlighted.
Names & trade names
| Legal nameNL | Must Technology |
Registered office
Ekelbeke 26
9220 Hamme (Vl.), Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies
DE VLIEGER THEO
BE 0446.946.207 · Hamme (Vl.)
GRONDWERKEN NORBERT THIERENS
BE 0417.108.908 · Hamme (Vl.)
GRONDWERKEN SMEKENS GEBR.
BE 0467.929.087 · Hamme (Vl.)
REKA
BE 0431.305.649 · Hamme (Vl.)
VAN GEYTE GEBROEDERS
BE 0440.681.193 · Hamme (Vl.)