Result
€1,674 €1,674
Back in profit in 2025, after a loss of €181,484 in 2024.
Etablissements Léon Masquelier
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €1.7m (2022)
€277,044▲ 11.4%
lowest -€181,484 (2024)
€1,674▲ €183,158
peak €3.8m (2023)
€3.6munchanged
€453,307▼ 5.9%
peak 8 FTE (2009)
5.5 FTE▼ 16.7%
Board4 names since 2020
2 directorsFly-Cab and 1 other
Owners2 names in the annual accounts
74.97%LYMVEST and 1 other
Documentsfilings and deeds
02-07-202629 days before the deadline
2025financial year
Back to profit: €1,674Staff from 6.6 FTE to 5.5 FTEInvestments €175,173
Key points
from the 2025 annual accountsTurnover
≈ €1.4m estimated
The accounts state no turnover.
Investments
€179,887 2.0 × depreciation
Green is investment, beige is depreciation. Machinery stands 106.1% higher than in 2024.
Staff
5.5 FTE from 8 in 2009
Between 2009 and 2025, 31% of the full-time equivalents disappeared.
Filings
49 annual accounts since 1977
The last five annual accounts were filed 23 to 37 days before the end of the period.
Position in the sector
88.8%
Higher solvency than 92% of companies in wholesale trade. Sector median 45.2% · 6,189 companies.
Checked score
95
Excellent
Financially stronger than 62% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,895 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 0.1%▼ -0.1 percentage points vs 06-2026
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1968
Liquidity: current ratio 8.03, cash €430,980
Equity €3.6m (88.8% of total assets)
Size: 5.5 FTE, total assets €4.0m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 90% of them on solvency, 69% on liquidity, 51% on profitability and 40% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as Etablissements Léon Masquelier has now. Each dot stands for 43 companies, two years later.
94.3%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Etablissements Léon Masquelier itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for Etablissements Léon Masquelier. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €330,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.03 (7.8 in 2024), above the usual 1.5. Short-term debt is 11.2% and cash 10.7% of total assets. 11.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 days early
2024
23 days early
2023
37 days early
2022
35 days early
2021
33 days early
2020
26 days early
2019
28 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- LYMVEST 74.97%score 80equity €625,415 (2025) · 2025 annual accounts of LYMVEST
- Fly-Cab 25.03%score 98equity €3.6m (2025) · 2025 annual accounts of Fly-Cab
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0401772614
1 director appointed
Change of role: FLY-CAB, from sole director to director · Appointment: LYMVEST (director) · Permanent representatives: CASSART Paul Emile and MASKENS Léon Yves Mickey Alexandre · General meeting of 06-10-2021 · Gazette deed
2 directors resigning
Change of role: FLY-CAB, from director to sole director · Resignations: CASSART Paul Emile and HOLVOET François · Permanent representative: CASSART Paul Emile · General meeting of 03-07-2020 · Gazette deed
Establishment taken over
Rue de la Croix du Maïeur (S-B) 26, La Louvière · in the KBO since 1938
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Etablissements Léon Masquelier La Louvière | €4.0m | €277,044 | 88.8% | 5.5 |
| SIMON et Cie Momignies | €3.0m | €461,982 | 66.0% | 5.7 |
| Transmétaux Charleroi | €1.9m | €404,063 | 67.9% | 3.7 |
| LAURYSSEN METALEN Brecht | €3.4m | €354,523 | 80.5% | 4 |
| GHEYSENS METALEN Kortrijk | €2.4m | €371,331 | 3.3% | 3.1 |
| Etablissements Gouthière et Vankerckem Charleroi | €1.5m | €617,112 | 75.0% | 8.5 |
| INTER PIPE TOOL Grimbergen | €2.4m | €676,496 | 60.9% | 4.5 |
These companies have the same main activity as Etablissements Léon Masquelier: wholesale trade (NACE 46820). They are comparable in size and age: total assets between €1.5m and €3.4m, founded between 1968 and 1984.
Official details
Source: KBO- Status
- ActiveNormal situation
- Activity
- Wholesale tradeNACE 46820
- Joint committees
- 149.04Metal trade
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.003.295.1717110 La Louvière, since 01-01-1938
- Financial year end
- 31 December
- Peppol
- Reachable since 29-09-2025
Annual accounts 2025
- €4.0m▼ 0.7%
- Employeeson 31-12-2025
- 5▼ 37.5%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on Etablissements Léon Masquelier
Etablissements Léon Masquelier has existed since 1968. The gross margin fell from €1.7m in 2022 to €248,725 in 2024.
LYMVEST holds 74.97% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Etablissements Léon Masquelier
- What is the company number of Etablissements Léon Masquelier?
- The company number of Etablissements Léon Masquelier is 0401.772.614. The VAT number is the same number with BE in front: BE 0401.772.614.
- Where is Etablissements Léon Masquelier based?
- The registered office is at Rue de la Croix du Maïeur (S-B) 26, 7110 La Louvière.Company details
- What does Etablissements Léon Masquelier do?
- According to the KBO register, the main activity is wholesale trade (NACE 46820).
- What is the legal form of Etablissements Léon Masquelier?
- Etablissements Léon Masquelier is a public limited company (NV).
- When was Etablissements Léon Masquelier founded?
- Etablissements Léon Masquelier was founded on 01-01-1968.
- Is Etablissements Léon Masquelier still active?
- Yes, Etablissements Léon Masquelier is an active enterprise in the KBO register.
- How many employees does Etablissements Léon Masquelier have?
- Etablissements Léon Masquelier had an average of 5.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Etablissements Léon Masquelier fall under?
- In its 2025 annual accounts, Etablissements Léon Masquelier states joint committees 149.04 (Metal trade) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Etablissements Léon Masquelier?
- The turnover in financial year 2025 is ≈ €1.4m. This figure is estimated from the gross margin of €277,044 and 139 comparable companies (NACE 46). It probably lies between €880,000 and €2.4m.
- Is Etablissements Léon Masquelier profitable?
- In financial year 2025, Etablissements Léon Masquelier made a profit of €1,674.
- Where can I find the annual accounts of Etablissements Léon Masquelier?
- Etablissements Léon Masquelier filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Etablissements Léon Masquelier due?
- Etablissements Léon Masquelier must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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