Masters in ceramics
ActiveMasters in ceramics has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €286k and a net result of €177k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 265 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▼-3
Solvency62▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.6 in 2024; short-term debt: 63.1% and cash: 33.1% of total assets), and 63.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.9%
Return on assets
22.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
40 d early
2024
39 d early
2023
14 d early
2022
14 d early
2021
39 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€286k=
2024 · €286k
2021: €117k
2022: €212k
2023: €335k
2024: €286k
2021 → 2025
Total assets
€776k▲ 27.3%
2024 · €609k
2021: €204k
2022: €284k
2023: €459k
2024: €609k
2021 → 2025
Net result
€177k▲ 12.5%
2024 · €158k
2021: €112k
2022: €95k
2023: €123k
2024: €158k
2021 → 2025
Working capital
€208k▲ 7.9%
2024 · €193k
2021: €79k
2022: €183k
2023: €297k
2024: €193k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€117k-€212k▲ 81.0%€335k▲ 58.1%€286k▼ 14.8%€286k=
Operating result€149k-€121k▼ 19.4%€181k▲ 50.1%€218k▲ 20.5%€231k▲ 6.2%
Net result€112k-€95k▼ 15.4%€123k▲ 29.9%€158k▲ 27.7%€177k▲ 12.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €776k
Fixed assets
€78k▼ 16.4%
Current assets
€698k▲ 35.2%
Equity and liabilities €776k
Equity
€286k=
Debt
€490k▲ 51.5%
The debt ratio rises from 53.1% to 63.1%. Debt is higher.
Key figures and ratios
EBITDA
€262k▲
2024 · €236k
Cash flow
€208k▲
2024 · €176k
Solvency
36.9%▼
2024 · 46.9%
Current ratio
1.43▼
2024 · 1.60
Quick ratio
1.01▼
2024 · 1.11
Debt / equity
1.71▲
2024 · 1.13
ROE
62.0%▲
2024 · 55.1%
ROA
22.8%▼
2024 · 25.9%
Interest coverage
483.44▼
2024 · 23628498.00
Debt
€490k▲
2024 · €323k
Debt ≤ 1 year
€490k▲
2024 · €323k
Income taxes
€54k▼
2024 · €66k
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€609k€776k▲
Fixed assets21/28€93k€78k▼
Tangible fixed assets22/27€93k€78k▼
Plant, machinery and equipment23€1k€15k▲
Furniture and vehicles24€92k€63k▼
Current assets29/58€516k€698k▲
Stocks and contracts in progress3€158k€201k▲
Stocks30/36€158k€201k▲
Amounts receivable within one year40/41€189k€235k▲
Trade receivables40€184k€234k▲
Other amounts receivable41€5k€716▼
Cash at bank and in hand54/58€166k€257k▲
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€609k€776k▲
Equity10/15€286k€286k=
Contributions10/11€5k€5k=
Reserves13€281k€281k=
Distributable reserves133€281k€281k=
Profit (loss) carried forward14€103€52▼
Amounts payable17/49€323k€490k▲
Amounts payable within one year42/48€323k€490k▲
Trade debts44€35k€46k▲
Suppliers440/4€35k€46k▲
Taxes, remuneration and social security45€40k€49k▲
Taxes450/3€40k€49k▲
Other amounts payable47/48€249k€394k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€31k▲
Other operating charges640/8€18k€2k▼
Gross operating margin9900€254k€264k▲
Operating profit (loss)9901€218k€231k▲
Financial income75/76B€6k€64▼
Recurring financial income75€6k€64▼
Financial charges65/66B€0€542▲
Recurring financial charges65€0€542▲
Profit (loss) for the period before taxes9903€224k€231k▲
Income taxes67/77€66k€54k▼
Profit (loss) for the period9904€158k€177k▲
Profit (loss) for the period to be appropriated9905€158k€177k▲
Appropriation of the result
Profit (loss) to be appropriated9906€365k€177k▼
Profit (loss) brought forward from the previous period14P€207k€103▼
Transfer to equity691/2€158k-
To other reserves6921€158k-
Profit to be distributed694/7€207k€177k▼
Return on contributions (dividend)694€207k€177k▼
The notes to these accounts (5 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
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2021net €177k ▲12.5%
Operating result €231k, net result €177k, both a record.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
17-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €95k ▼15.4%
Net result drops to €95k, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €200kEq €212k ▲81%
2 profitable years in a row build equity to €212k.
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Niklaas · 1 establishment unit since 2020
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.
Atomiumstraat 189100 Sint-NiklaasGround area
2,453 m²
Building footprint
1,007 m²
Parcel 46021A0795/00G003, Flanders. Linked by address, not a title deed.
1 establishment unit
Masters in ceramics
since 20202.302.207.797
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46021A0795/00G003 | Flanders | 2,453 m² | 1 · 1,007 m² | 0.0 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.
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Of 44 companies in sector 23310 we hold annual accounts for 15. 13 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-05-2020
Fiscal year end30-06
Abbreviation NL
MIC
Activities, NACEBEL
23310Manufacture of other non-metallic mineral products
22240Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.