Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
MASTERALBUMS from Gent, company number BE0867145851, closed financial year 2022 with a result of € -4,401 after tax. For that financial year MASTERALBUMS recorded a gross margin of € -681 and equity of € -5,522. Compared with financial year 2021, the result moved from € 19,868 to € -4,401. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2023.
€ -5,522
▼ € 4,401 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,401
▼ still € 19,868 profit in 2021
Profit after tax over the fiscal year.
€ 7
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -11,722.
People and assets in 2022
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2022
€ 25,713
Loans from banks and other lenders, long and short.
€ 1,219
▲ 63% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 12,308
▲ 19% vs 2021
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 24,945 | € -681 | ▼ € 25,627 |
| Profit after taxes | € 19,868 | € -4,401 | ▼ € 24,269 |
| Equity | € -1,121 | € -5,522 | ▼ € 4,401 |
| Total debts | € 36,750 | € 39,240 | ▲ 7% |
| Cash | € 7 | € 7 | |
| Retained profit | € -7,321 | € -11,722 | ▼ € 4,401 |
| Bank debt | € 25,665 | € 25,713 | |
| Balance sheet total | € 35,629 | € 33,718 | ▼ 5% |
Key figures of MASTERALBUMS, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to MASTERALBUMS?
What happened at MASTERALBUMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MASTERALBUMS is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2022: loss of € 4,401 (▼ € 24,269 vs 2021). Source: NBB ↗
- New establishment in Gent. KBO
- Alfons FEREMANS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 19,868 profit in 2021 to € 4,401 loss in 2022.
Paid € 860 in corporate taxes since 2021.
Best year ever: 2021, with € 19,868 profit.
Management
Behind MASTERALBUMS is Alfons FEREMANS.
Directors
According to the 2022 annual accounts
Alfons FEREMANS
Director
since 2004
Establishments
Establishment units
Physical locations of this company
Rozier 19
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0867.145.851
- VAT number
- BE 0867.145.851
- Registered office
- Rozier 19, 9000 Gent
- Names & denominations
- MASTERALBUMS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 3 September 2004
- Peppol
- Not registered
- Activities · NACE
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