Summary
For the legal form of TextMaster, Checked does not compute a bankruptcy probability. The 2016 annual accounts show equity of €2.4m and a net result of -€712,413. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2016 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2016 · tick = 2015
Profitability1▲+1
Solvency75▲+7
Growth52=
Track record100
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Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2017 close31-07-2018 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 30-08-2017, 30 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2016, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€712,413▲ 52.7%
2015 · -€1.5m
Working capital
€2.8m▼ 16.4%
2015 · €3.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20122013201420152016
Operating result-€439,235--€846,261▼ 92.7%-€800,113▲ 5.5%-€1.4m▼ 73.7%-€673,771▲ 51.5%
Net result-€449,590--€861,997▼ 91.7%-€826,134▲ 4.2%-€1.5m▼ 82.2%-€712,413▲ 52.7%
Equity€1.3m-€474,893▼ 64.5%€658,503▲ 38.7%€3.1m▲ 378%€2.4m▼ 22.8%
Total assets€1.6m-€834,434▼ 46.4%€1.4m▲ 62.9%€7.3m▲ 437%€4.9m▼ 33.3%
Debt€218,596-€359,541▲ 64.5%€700,874▲ 94.9%€4.1m▲ 491%€2.4m▼ 41.2%
Working capital€1.4m-€376,859▼ 73.5%€621,766▲ 65.0%€3.3m▲ 434%€2.8m▼ 16.4%
Staff (FTE)412▲ 200%4▼ 66.7%4=
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €673,771 in 2016 against €1.4m in 2015; the loss shrinks.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €4.9m
Fixed assets
€766,178 ▲ 43.4%
Current assets
€4.1m ▼ 39.3%
Equity and liabilities €4.9m
Equity
€2.4m ▼ 22.8%
Debt
€2.4m ▼ 41.2%
Debt's share of the balance-sheet total falls from 56.8% to 50.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€222,341▲
2015 · -€1.1m
Cash flow
-€260,983▲
2015 · -€1.2m
Current ratio
3.09▲
2015 · 1.96
ROE
-29.3%▲
2015 · -47.8%
ROA
-14.6%▲
2015 · -20.6%
Debt ≤ 1 year
€1.3m▼
2015 · €3.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89,973 | €139,829 | €210,496 | €323,069 | €451,430 | ▲ 39.7% |
| Gross operating margin9900 | -€348,478 | -€542,570 | -€418,613 | -€982,616 | -€92,025 | ▲ 90.6% |
| Operating profit (loss)9901 | -€439,235 | -€846,261 | -€800,113 | -€1.4m | -€673,771 | ▲ 51.5% |
| Recurring financial income75 | €617 | €7,451 | €10,100 | €18,811 | €33,020 | ▲ 75.5% |
| Recurring financial charges65 | €10,972 | €23,187 | €36,121 | €108,192 | €71,662 | ▼ 33.8% |
| Profit (loss) for the period before taxes9903 | -€449,590 | -€861,997 | -€826,134 | -€1.5m | -€712,413 | ▲ 52.7% |
| Profit (loss) for the period9904 | -€449,590 | -€861,997 | -€826,134 | -€1.5m | -€712,413 | ▲ 52.7% |
| Profit (loss) for the period to be appropriated9905 | -€449,590 | -€861,997 | -€826,134 | -€1.5m | -€712,413 | ▲ 52.7% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €834,434 | €1.4m | €7.3m | €4.9m | ▼ 33.3% |
| Fixed assets21/28 | €80,502 | €296,673 | €485,623 | €534,120 | €766,178 | ▲ 43.4% |
| Intangible fixed assets21 | €79,024 | €186,719 | €287,408 | €372,428 | €557,122 | ▲ 49.6% |
| Tangible fixed assets22/27 | €1,478 | €3,369 | €3,630 | €6,692 | €4,056 | ▼ 39.4% |
| Financial fixed assets28 | - | €106,585 | €194,585 | €155,000 | €205,000 | ▲ 32.3% |
| Current assets29/58 | €1.5m | €537,761 | €873,754 | €6.8m | €4.1m | ▼ 39.3% |
| Amounts receivable within one year40/41 | €11,829 | €62,711 | €150,250 | €3.5m | €1.7m | ▼ 51.4% |
| Cash at bank and in hand54/58 | €1.5m | €468,961 | €721,682 | €3.3m | €2.3m | ▼ 28.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €834,434 | €1.4m | €7.3m | €4.9m | ▼ 33.3% |
| Equity10/15 | €1.3m | €474,893 | €658,503 | €3.1m | €2.4m | ▼ 22.8% |
| Contributions10/11 | €1.8m | €1.8m | €664,200 | €998,650 | €998,650 | = |
| Profit (loss) carried forward14 | -€449,590 | -€1.3m | -€826,134 | -€2.3m | -€3.0m | ▼ 30.6% |
| Amounts payable17/49 | €218,596 | €359,541 | €700,874 | €4.1m | €2.4m | ▼ 41.2% |
| Amounts payable within one year42/48 | €55,141 | €160,902 | €251,988 | €3.4m | €1.3m | ▼ 61.4% |
| Trade debts44 | €55,141 | €78,938 | €133,934 | €2.9m | €512,602 | ▼ 82.1% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€449,590 | -€861,997 | -€826,134 | -€1.5m | -€712,413 | ▲ 52.7% |
| + Depreciation and write-downs630 | €89,973 | €139,829 | €210,496 | €323,069 | €451,430 | ▲ 39.7% |
| Operating cash flow (approximation) | -€359,617 | -€722,168 | -€615,638 | -€1.2m | -€260,983 | ▲ 77.9% |
| Investment in fixed assets (approximation) | - | -€356,000 | -€399,446 | -€371,566 | -€683,488 | ▼ 83.9% |
| Change in cash | - | -€993,755 | €252,721 | €2.5m | -€929,158 | ▼ 137% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 92 days late
2015
31-12
Financial
Weakest financial yearnet -€1.5m
Net result drops to -€1.5m, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €2mEq €3.1m ▲378%
Equity rises from €658,503 to €3.1m.
24-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
31-12
Financial
Equity above €500,000Eq €658,503 ▲38.7%
Equity rises from €474,893 to €658,503.
04-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
31-10
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Identification & contact
Identification
Legal formForeign entity
Founded29-06-2011
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.