FREDERIC MASIL
ActiveFREDERIC MASIL has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €448k and a net result of €8k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 72% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▼-2
Solvency86▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 3.89 in 2023; short-term debt: 9.1% and cash: 11.3% of total assets), and 39.4% 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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
not confirmed
2024
26 d late
2023
65 d late
2022
43 d late
2021
143 d late
2020
60 d late
2019
67 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€448k▼ 23.5%
2023 · €585k
2018: €283k
2019: €321k
2020: €350k
2021: €417k
2022: €562k
2023: €585k
2018 → 2024
Total assets
€739k▼ 20.1%
2023 · €925k
2018: €515k
2019: €532k
2020: €699k
2021: €836k
2022: €997k
2023: €925k
2018 → 2024
Net result
€8k▼ 64.4%
2023 · €23k
2018: €3k
2019: €37k
2020: €29k
2021: €67k
2022: €145k
2023: €23k
2018 → 2024
Working capital
€95k▼ 58.7%
2023 · €230k
2018: €83k
2019: €104k
2020: €122k
2021: €131k
2022: €233k
2023: €230k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€350k-€417k▲ 19.3%€562k▲ 34.7%€585k▲ 4.1%€448k▼ 23.5%
Operating result€45k-€100k▲ 124%€219k▲ 120%€44k▼ 80.0%€20k▼ 55.3%
Net result€29k-€67k▲ 130%€145k▲ 115%€23k▼ 84.2%€8k▼ 64.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 55% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €739k
Fixed assets
€577k▼ 6.4%
Current assets
€162k▼ 47.5%
Equity and liabilities €739k
Equity
€448k▼ 23.5%
Debt
€291k▼ 14.4%
The debt ratio rises from 36.7% to 39.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€59k▼
2023 · €85k
Cash flow
€48k▼
2023 · €64k
Solvency
60.6%▼
2023 · 63.3%
Current ratio
2.40▼
2023 · 3.89
Quick ratio
2.40▼
2023 · 3.89
Debt / equity
0.65▲
2023 · 0.58
ROE
1.8%▼
2023 · 3.9%
ROA
1.1%▼
2023 · 2.5%
Interest coverage
7.88▼
2023 · 11.54
Debt
€291k▼
2023 · €340k
Debt ≤ 1 year
€68k▼
2023 · €80k
Debt > 1 year
€224k▼
2023 · €260k
Income taxes
€5k▼
2023 · €14k
Staff costs
€-5▼
2023 · €611
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€925k€739k▼
Fixed assets21/28€616k€577k▼
Tangible fixed assets22/27€612k€574k▼
Land and buildings22€557k€533k▼
Plant, machinery and equipment23€914€587▼
Furniture and vehicles24€55k€41k▼
Financial fixed assets28€3k€2k▼
Current assets29/58€309k€162k▼
Amounts receivable within one year40/41€85k€74k▼
Trade receivables40€32k€57k▲
Other amounts receivable41€53k€16k▼
Current investments50/53€4k€4k▲
Cash at bank and in hand54/58€217k€84k▼
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€925k€739k▼
Equity10/15€585k€448k▼
Contributions10/11€6k€6k=
Reserves13€579k€442k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€577k€442k▼
Amounts payable17/49€340k€291k▼
Amounts payable after more than one year17€260k€224k▼
Financial debts170/4€260k€224k▼
Amounts payable within one year42/48€80k€68k▼
Current portion of amounts payable after more than one year42€36k€37k▲
Trade debts44€4k€12k▲
Suppliers440/4€4k€12k▲
Taxes, remuneration and social security45€25k€8k▼
Taxes450/3€22k€4k▼
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€14k€11k▼
Income statement
Code20232024
Remuneration, social security and pensions62€611€-5▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€40k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€91k€64k▼
Operating profit (loss)9901€44k€20k▼
Financial income75/76B€311€1k▲
Recurring financial income75€311€1k▲
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€37k€13k▼
Income taxes67/77€14k€5k▼
Profit (loss) for the period9904€23k€8k▼
Profit (loss) for the period to be appropriated9905€23k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€8k▼
Transfer from equity791/2-€145k
Transfer to equity691/2€23k€8k▼
To other reserves6921€23k€8k▼
Profit to be distributed694/7-€145k
Return on contributions (dividend)694-€145k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 43 days late
2022
31-12
Financial
Highest result since 2018net €145k ▲115%
Operating result €219k, net result €145k, both a record.
31-12
Financial
Equity above €500kEq €562k ▲34.7%
5 profitable years in a row build equity to €562k.
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 143 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2005
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.
Richard Neyberghlaan 391020 BrusselGround area
466 m²
Building footprint
139 m²
Volume, LiDAR
1,215 m³
Parcel 21815D0036/00T008, Brussels · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FREDERIC MASIL
since 20052.145.467.972
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0036/00T008 | Brussels | 466 m² | 1 · 139 m² | 13.0 m · 3 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
IMMO BE
BE 0874.709.475
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DENIMMO
BE 0436.954.217
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Fomotty
BE 0405.483.853
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SUDIMMO
BE 0770.337.673
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BXL CAPITAL PARTNERS
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Of 11,750 companies in sector 68310 we hold annual accounts for 6,907. 4,695 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-02-2005
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
74142
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.