BAS LES MASQUES
ActiveSummary
The annual accounts of BAS LES MASQUES for fiscal year 2025 show a net loss of 95% of the equity at the start of that year. The 2025 annual accounts show equity of €3,190 and a net result of -€61,433. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 396 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency27▼-36
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.72 against 1.06 in 2024; short-term debt: 95.1% and cash: 17.9% of total assets), and 98.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Nine 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 94
Relative position
BE, all sectors
reference
Activities of membership organisations (NACE 94)
about 92% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.9%
Return on assets
-35.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
181922232425
2018 to 2025 · latest year -€61,433
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 396 sector peers (2025).
NBB · sector comparisonPosition among 396 sector peers
Solvency
better than 7%
← 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 30-08-2026, 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 · 10 filingsDeviation from the deadline
2025
30 d late
2024
140 d late
2023
29 d late
2022
32 d late
2019
97 d late
2018
112 d late
2017
477 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 131 days after the deadline; the sector median for financial year 2024 is 29 days before the deadline, and 25% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 1 September (4 of the last 5 filed years within 66 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€61,433▲ 7.9%
2024 · -€66,701
Working capital
-€45,633
2024 · €6,028
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192022202320242025
Operating result-€25,397€70,961-€29,897▼ 57.9%-€63,125-€48,129▲ 23.8%
Net result-€27,738€67,184above the sector's middle half-€24,761within the sector's middle half▼ 63.1%-€66,701below the sector's middle half-€61,433below the sector's middle half▲ 7.9%
Equity€33,097▼ 15.7%€106,563within the sector's middle half-€131,324within the sector's middle half▲ 23.2%€64,623within the sector's middle half▼ 50.8%€3,190below the sector's middle half▼ 95.1%
Total assets€79,449▲ 9.4%€169,086within the sector's middle half-€217,290within the sector's middle half▲ 28.5%€170,266within the sector's middle half▼ 21.6%€171,917within the sector's middle half▲ 1.0%
Debt€46,351▲ 38.9%€62,523-€85,966▲ 37.5%€105,644▲ 22.9%€168,727▲ 59.7%
Working capital€30,334▼ 14.5%€78,362within the sector's middle half-€94,506within the sector's middle half▲ 20.6%€6,028below the sector's middle half▼ 93.6%-€45,633below the sector's middle half
Solvency41.7%▼ 12.4pp63.0%within the sector's middle half-60.4%within the sector's middle half▼ 2.6pp38.0%within the sector's middle half▼ 22.5pp1.9%below the sector's middle half▼ 36.1pp
Current ratio1.67▼ 0.392.28within the sector's middle half-2.23within the sector's middle half▼ 0.051.06below the sector's middle half▼ 1.170.72below the sector's middle half▼ 0.34
Return on assets (ROA)-34.9%▼ 45.4pp39.7%above the sector's middle half-11.4%within the sector's middle half▼ 28.3pp-39.2%below the sector's middle half▼ 50.6pp-35.7%below the sector's middle half▲ 3.4pp
Staff (FTE)2.4▲ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 94, Activities of membership organisations, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €48,129 in 2025 against €63,125 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171,917
Fixed assets
€54,013 ▼ 14.3%
Current assets
€117,904 ▲ 9.9%
Equity and liabilities €171,917
Equity
€3,190 ▼ 95.1%
Debt
€168,727 ▲ 59.7%
Debt's share of the balance-sheet total rises from 62.0% to 98.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€25,686▲
2024 · -€43,197
Cash flow
-€38,990▲
2024 · -€46,773
Quick ratio
0.63▼
2024 · 0.94
Debt to equity
52.90▲
2024 · 1.63
Interest coverage
-2.22▲
2024 · -26.41
Debt ≤ 1 year
€163,536▲
2024 · €101,238
Income taxes
€2,093▲
2024 · €1,951
Staff costs
€379,307▲
2024 · €350,351
A ratio outside any meaningful range has been withheld (balance sheet total €171,917, equity €3,190).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 540 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 86% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a loss of 10% of the balance sheet or more
5.2%
went bankrupt
8.3%
stopped otherwise
86%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 540 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €193,641 | €257,317 | €350,351 | €379,307 | ▲ 8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,444 | €9,448 | €14,012 | €19,928 | €22,443 | ▲ 12.6% |
| Other operating charges640/8 | - | €10,563 | €1,427 | €838 | €3,237 | ▲ 286% |
| Non-recurring operating charges66A | - | - | - | €1,654 | €137 | ▼ 91.7% |
| Gross operating margin9900 | €111,298 | €284,612 | €302,652 | €309,646 | €356,994 | ▲ 15.3% |
| Operating profit (loss)9901 | -€25,397 | €70,961 | €29,897 | -€63,125 | -€48,129 | ▲ 23.8% |
| Financial income75/76B | - | €70 | €343 | €11 | €377 | ▲ 3,426% |
| Recurring financial income75 | €1,985 | €70 | €343 | €11 | €377 | ▲ 3,426% |
| Financial charges65/66B | - | €472 | €3,566 | €1,636 | €11,588 | ▲ 608% |
| Recurring financial charges65 | €4,327 | €472 | €3,566 | €1,636 | €11,588 | ▲ 608% |
| Profit (loss) for the period before taxes9903 | -€27,738 | €70,559 | €26,675 | -€64,750 | -€59,340 | ▲ 8.4% |
| Income taxes67/77 | - | €3,376 | €1,914 | €1,951 | €2,093 | ▲ 7.3% |
| Profit (loss) for the period9904 | -€27,738 | €67,184 | €24,761 | -€66,701 | -€61,433 | ▲ 7.9% |
| Profit (loss) for the period to be appropriated9905 | -€27,738 | €67,184 | €24,761 | -€66,701 | -€61,433 | ▲ 7.9% |
| Line | 2019 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79,449 | €169,086 | €217,290 | €170,266 | €171,917 | ▲ 1.0% |
| Fixed assets21/28 | €3,964 | €29,552 | €45,727 | €63,001 | €54,013 | ▼ 14.3% |
| Intangible fixed assets21 | - | - | - | €26,055 | €21,389 | ▼ 17.9% |
| Tangible fixed assets22/27 | €2,964 | €24,772 | €40,597 | €33,066 | €28,694 | ▼ 13.2% |
| Plant, machinery and equipment23 | - | €24,565 | €38,242 | €31,356 | €26,245 | ▼ 16.3% |
| Furniture and vehicles24 | - | €207 | €2,355 | €1,709 | €2,450 | ▲ 43.3% |
| Financial fixed assets28 | €1,000 | €4,780 | €5,130 | €3,880 | €3,930 | ▲ 1.3% |
| Current assets29/58 | €75,484 | €139,534 | €171,563 | €107,266 | €117,904 | ▲ 9.9% |
| Stocks and contracts in progress3 | €10,624 | €10,716 | €13,004 | €12,209 | €14,478 | ▲ 18.6% |
| Stocks30/36 | - | €10,716 | €13,004 | €12,209 | €14,478 | ▲ 18.6% |
| Amounts receivable within one year40/41 | €44,836 | €49,386 | €36,841 | €44,120 | €37,579 | ▼ 14.8% |
| Trade receivables40 | - | €49,386 | €36,841 | €43,570 | €35,191 | ▼ 19.2% |
| Other amounts receivable41 | - | - | - | €550 | €2,388 | ▲ 334% |
| Cash at bank and in hand54/58 | €13,183 | €73,731 | €111,820 | €35,021 | €30,754 | ▼ 12.2% |
| Deferred charges and accrued income490/1 | - | €5,702 | €9,898 | €15,916 | €35,093 | ▲ 120% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79,449 | €169,086 | €217,290 | €170,266 | €171,917 | ▲ 1.0% |
| Equity10/15 | €33,097 | €106,563 | €131,324 | €64,623 | €3,190 | ▼ 95.1% |
| Contributions10/11 | - | - | - | €19,014 | €19,014 | = |
| Capital10 | - | - | - | €19,014 | €19,014 | = |
| Profit (loss) carried forward14 | -€6,519 | €87,549 | €112,310 | €45,609 | -€15,824 | ▼ 135% |
| Amounts payable17/49 | €46,351 | €62,523 | €85,966 | €105,644 | €168,727 | ▲ 59.7% |
| Amounts payable within one year42/48 | €45,150 | €61,172 | €77,057 | €101,238 | €163,536 | ▲ 61.5% |
| Current portion of amounts payable after more than one year42 | - | €295 | €60 | - | - | - |
| Financial debts43 | - | - | - | - | €20,000 | - |
| Other loans439 | - | - | - | - | €20,000 | - |
| Trade debts44 | €20,665 | €16,264 | €23,032 | €45,023 | €77,652 | ▲ 72.5% |
| Suppliers440/4 | - | €16,264 | €23,032 | €45,023 | €77,652 | ▲ 72.5% |
| Taxes, remuneration and social security45 | - | €44,613 | €53,895 | €56,215 | €65,885 | ▲ 17.2% |
| Taxes450/3 | - | €6,959 | €7,794 | - | - | - |
| Remuneration and social security454/9 | - | €37,654 | €46,101 | €56,215 | €65,885 | ▲ 17.2% |
| Accrued charges and deferred income492/3 | - | €1,351 | €8,909 | €4,406 | €5,191 | ▲ 17.8% |
| Line | 2019 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,738 | €67,184 | €24,761 | -€66,701 | -€61,433 | ▲ 7.9% |
| + Depreciation and write-downs630 | €1,444 | €9,448 | €14,012 | €19,928 | €22,443 | ▲ 12.6% |
| Operating cash flow (approximation) | -€26,294 | €76,632 | €38,773 | -€46,773 | -€38,990 | ▲ 16.6% |
| Investment in fixed assets (approximation) | - | - | -€30,187 | -€37,202 | -€13,455 | ▲ 63.8% |
| Change in cash | - | - | €38,089 | -€76,799 | -€4,267 | ▲ 94.4% |
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
Next filing, fiscal year 2026, expected by
2026
22-09
State Gazette act
Resignations: Marine CERCHIARI, Zoé du BOIS D'ENGHIEN and 5 othersAppointments: Héloïse LEYTENS, Valentine OTTE and 4 others15 facts ▸
State Gazette act
Resignations: Marine CERCHIARI, Zoé du BOIS D'ENGHIEN and 5 others
Appointments: Héloïse LEYTENS, Valentine OTTE and 4 others15 facts ▸
- General meeting, 30-06-2026
- Director resignation, Marine CERCHIARI (director)
- Director resignation, Zoé du BOIS D'ENGHIEN (director)
- Director resignation, Charlotte RAMET (director)
- Director resignation, Patrick VANDOORNE (director)
- Director appointment, Héloïse LEYTENS (director)
- Director appointment, Valentine OTTE (director)
- Director appointment, IMAGIN'AMO Asbl (director)
- Director resignation, Carol WLODARCZYK (daily management delegate)
- Director resignation, Marcela GONZALEZ PORTALES (daily management delegate)
- Director resignation, Delphine GEHAIN (daily management delegate)
- Director appointment, Marine FAUCONNIER (daily management delegate)
- +3 further facts in this act
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 140 days late
2024
31-12
Financial
Weakest financial yearnet -€66,701
Net result drops to -€66,701, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €67,184
Net result €67,184 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €106,563 ▲222%
Equity rises from €33,097 to €106,563.
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 97 days late
2019
20-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 112 days late
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 477 days late
14-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 836 days late
14-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 1201 days late
2015
04-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26118957). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
Héloïse LEYTENS
CurrentDirector · since 30-06-2026
IMAGIN'AMO Asbl
CurrentDirector · since 30-06-2026 · Legal entity · perm. rep.: Pierre CANTRAINE
Valentine OTTE
CurrentDirector · since 30-06-2026
Day-to-day management 3
Sarah SAMAIN
CurrentDaily management delegate · since 17-03-2025
Hélène VAN DEN BROUCKE
CurrentDaily management delegate · since 30-06-2025
Marine FAUCONNIER
CurrentDaily management delegate · since 01-03-2026
Permanent representatives 1
Pierre CANTRAINE
CurrentPermanent representative · since 30-06-2026 · for IMAGIN'AMO Asbl
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wavre · 6 establishment units since 2001
Ground area
3,077 m²
Building footprint
800 m²
Volume, LiDAR
5,384 m³
5 parcels, Brussels, Wallonia · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
6 establishment units
Entité de MSG-Walhain
since 20012.295.591.904
Entité de Gembloux
since 20162.295.592.595
Entité de Jette
since 20162.295.592.694
BAS LES MASQUES
since 20162.257.451.405
Entité de Wavre
since 20192.295.593.090
Entité de Nivelles
since 20192.295.593.387
5 parcels
Wallonia
4
(80%)
Brussels
1
(20%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25071D0098/00B002 | Wallonia | 898 m² | 1 · 291 m² | 12.4 m · 2 fl. |
| 92053D0235/00S004 | Wallonia | 801 m² | 1 · 65 m² | - |
| 21464D0129/00G007 | Brussels | 754 m² | - | - |
| 25004B0115/00F000 | Wallonia | 371 m² | 1 · 371 m² | 7.8 m · 2 fl. |
| 25112M0016/00D000 | Wallonia | 252 m² | 1 · 74 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
13 people since 2025, 6 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Héloïse LEYTENS |
|
| IMAGIN'AMO Asbl |
|
| Valentine OTTE |
|
| Sarah SAMAIN |
|
| Hélène VAN DEN BROUCKE |
|
| Marine FAUCONNIER |
|
| Marine CERCHIARI |
|
| Zoé du BOIS D'ENGHIEN |
|
| Charlotte RAMET |
|
| Patrick VANDOORNE |
|
| Carol WLODARCZYK |
|
| Marcela GONZALEZ PORTALES |
|
| Delphine GEHAIN |
|
Structure & network
Connections & network
6 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Wallonia-Brussels Federation
2023 to 2025 · 24 entries · 927,346 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 8 | 273,170 EUR |
| 2024 | 7 | 400,987 EUR |
| 2023 | 9 | 253,189 EUR |
Similar companies · same sector, comparable size
YOUNIQ
BE 1027.820.512
Lommel · Eq €4,180
Centre d'accueil et d'information jeunesse de Bruxelles-Nord-Ouest
BE 0418.279.539
Brussel · Eq €4,230
Chass'Info
BE 0749.856.223
Etterbeek · Eq €2,283
PEVA Speelplein De Krabbers
BE 0597.662.332
Drogenbos · Eq €8,066
Trackx
BE 0844.002.740
Brugge · Eq €9,312
Of 689 companies in sector 94991 we hold annual accounts for 172. 13 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded22-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
94991Youth work associations
Contact
Website
www.baslesmasques.be
E-mail
info@baslesmasques.be
Phone
010 87 08 77
E-mail
msg.walhain@baslesmasques.beWalhain
E-mail
gembloux@baslesmasques.beGembloux
Phone
081 98 07 15Gembloux
E-mail
jette@baslesmasques.beJette
Phone
02 319 40 62Jette
Phone
010 22 51 93Wavre
Phone
067 21 79 92Nivelles
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.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.