MASTI
ActiveMASTI has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €-15k. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 31584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▼-41
Solvency38▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.15 in 2024; short-term debt: 56.8% and cash: 0.8% of total assets), and 86.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 31584 sector peers (2025).
NBB · sector comparisonPosition among 31584 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 9 filingsDeviation from the deadline
2025
18 d late
2024
25 d late
2023
13 d early
2022
31 d late
2021
31 d late
2020
37 d early
2019
66 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€104k▼ 12.8%
2024 · €119k
2018: €48k
2019: €74k
2020: €75k
2021: €96k
2022: €98k
2023: €104k
2024: €119k
2018 → 2025
Total assets
€771k▲ 9.5%
2024 · €704k
2018: €489k
2019: €531k
2020: €808k
2021: €766k
2022: €765k
2023: €487k
2024: €704k
2018 → 2025
Net result
€-15k
2024 · €15k
2018: €41k
2019: €27k
2020: €522
2021: €21k
2022: €2k
2023: €6k
2024: €15k
2018 → 2025
Working capital
€-420k▼ 44.6%
2024 · €-290k
2018: €-293k
2019: €-302k
2020: €-298k
2021: €-290k
2022: €-270k
2023: €-260k
2024: €-290k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€98k▲ 1.9%€104k▲ 6.4%€119k▲ 14.6%€104k▼ 12.8%
Operating result€40k-€9k▼ 78.0%€21k▲ 142%€67k▲ 215%€-9k
Net result€21k-€2k▼ 91.5%€6k▲ 248%€15k▲ 142%€-15k
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 €9k after €67k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €771k
Fixed assets
€753k▲ 15.0%
Current assets
€19k▼ 62.5%
Equity and liabilities €771k
Equity
€104k▼ 12.8%
Provisions
€43k▼ 3.1%
Debt
€624k▲ 15.5%
The debt ratio rises from 76.8% to 80.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€13k▼
2024 · €124k
Cash flow
€6k▼
2024 · €73k
Solvency
13.5%▼
2024 · 17.0%
Current ratio
0.04▼
2024 · 0.15
Quick ratio
0.04▼
2024 · 0.15
Debt / equity
6.00▲
2024 · 4.53
ROE
-14.7%▼
2024 · 12.8%
ROA
-2.0%▼
2024 · 2.2%
Interest coverage
1.65▼
2024 · 17.60
Debt
€624k▲
2024 · €540k
Debt ≤ 1 year
€438k▲
2024 · €340k
Debt > 1 year
€185k▼
2024 · €200k
Income taxes
€207▼
2024 · €226
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€704k€771k▲
Fixed assets21/28€654k€753k▲
Tangible fixed assets22/27€654k€753k▲
Land and buildings22€652k€743k▲
Plant, machinery and equipment23€251€150▼
Furniture and vehicles24€2k€9k▲
Current assets29/58€50k€19k▼
Amounts receivable within one year40/41€42k€9k▼
Trade receivables40€42k€9k▼
Cash at bank and in hand54/58€4k€6k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€704k€771k▲
Equity10/15€119k€104k▼
Contributions10/11€19k€19k=
Reserves13€218k€214k▼
Tax-exempt reserves132€133k€129k▼
Distributable reserves133€86k€86k=
Profit (loss) carried forward14€-118k€-129k▼
Provisions and deferred taxes16€44k€43k▼
Deferred taxes168€44k€43k▼
Amounts payable17/49€540k€624k▲
Amounts payable after more than one year17€200k€185k▼
Financial debts170/4€200k€185k▼
Amounts payable within one year42/48€340k€438k▲
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Taxes, remuneration and social security45€8k€11k▲
Taxes450/3€8k€11k▲
Other amounts payable47/48€310k€407k▲
Accrued charges and deferred income492/3€630€1k▲
Income statement
Code20242025
Non-recurring operating income76A€181k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€22k▼
Other operating charges640/8€9k€7k▼
Gross operating margin9900€134k€20k▼
Operating profit (loss)9901€67k€-9k▼
Financial income75/76B€5€8▲
Recurring financial income75€5€8▲
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€60k€-16k▼
Transfer from deferred taxes780€967€1k▲
Transfer to deferred taxes680€45k-
Income taxes67/77€226€207▼
Profit (loss) for the period9904€15k€-15k▼
Transfer from tax-exempt reserves789€3k€4k▲
Transfer to tax-exempt reserves689€136k-
Profit (loss) for the period to be appropriated9905€-118k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-118k€-129k▼
Profit (loss) brought forward from the previous period14P-€-118k
The notes to these accounts (8 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Weakest financial yearnet €-15k ▼200%
Net result drops to €-15k, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €104k ▲6.4%
6 profitable years in a row build equity to €104k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 66 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
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, Retie · 1 establishment unit since 2016
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.
Laarstraat 132470 RetieGround area
1,035 m²
Building footprint
159 m²
Volume, LiDAR
924 m³
Parcel 13036C0725/00M000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MASTI
since 20162.259.409.617
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13036C0725/00M000 | Flanders | 1,035 m² | 1 · 159 m² | 9.5 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.
Similar companies · same sector, comparable size
Lvl-Up Management
BE 1006.159.224
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CEDEC MANAGEMENT
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Drie-E
BE 0783.286.579
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SKIPTOBUILD
BE 0795.249.649
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SJB Consulting
BE 0659.820.922
Tervuren · Eq €104k
Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 40,650 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68121Development of residential building projects
69203Activities of company auditors
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.