Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MASTERART from Brussel, company number BE0861916165, closed financial year 2025 with a result of € -65,318 after tax. For that financial year MASTERART recorded a gross margin of € 106,414 and equity of € 29,468. Compared with financial year 2024, the result moved from € 8,304 to € -65,318. The company made a loss. The buffer shrank hard: equity is 69 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 3, 2026.
€ 29,468
▼ 69% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -65,318
▼ still € 8,304 profit in 2024
Profit after tax over the fiscal year.
€ 13,999
▼ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -307,213.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 142,443
▲ 15% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,797
▲ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 100,000
Loans from banks and other lenders, long and short.
€ 12,333
▲ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,578
▲ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 106,650 | € 92,698 | € 153,851 | € 106,414 | ▼ 31% |
| Profit after taxes | € -11,218 | € -33,767 | € 8,304 | € -65,318 | ▼ € 73,622 |
| Equity | € 120,249 | € 86,482 | € 94,786 | € 29,468 | ▼ 69% |
| Total debts | € 209,428 | € 159,053 | € 138,210 | € 237,897 | ▲ 72% |
| Cash | € 2,759 | € 22,355 | € 14,498 | € 13,999 | ▼ 3% |
| Retained profit | € -216,432 | € -250,199 | € -241,895 | € -307,213 | ▼ € 65,318 |
| Bank debt | € 182,133 | € 122,590 | € 100,000 | € 100,000 | |
| Balance sheet total | € 329,677 | € 245,535 | € 232,997 | € 267,365 | ▲ 15% |
Key figures of MASTERART, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MASTERART?
What happened at MASTERART in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 65,318 (▼ € 73,622 vs 2024). Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,218 loss in 2022 to € 65,318 loss in 2025.
Best year ever: 2024, with € 8,304 profit.
A new publication or filing at MASTERART? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Jérôme Terlinden
Director
Establishments
Establishment units
Physical locations of this company
Maria-Louizasquare 63
1000 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
DNS
GoDaddy DNS
Domain
Domain
masterart.com
Registered
2004-07-19
Registrar
Wild West Domains, LLC
Expires
2028-07-19
Website info
Features
Security
Details
- Company number
- 0861.916.165
- VAT number
- BE 0861.916.165
- Registered office
- Maria-Louizasquare 63, 1000 Brussel
- Names & denominations
- MASTERART
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 November 2003
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
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