Result
€48,219 €48,219
Back in profit in 2026, after a loss of €20,548 in 2025.
MASITI
Lifetime
20 annual accounts with figures on one time axis, 23 filings since 2004peak €1.4m (2013)
€100,374▼ 71.1%
lowest -€172,159 (2019)
€48,219▲ €68,767
peak €5.8m (2017)
€3.8m▲ 0.7%
€2.6m▲ 12.8%
Board3 names since 2003
2 directorsWAES, Lode Dirk Jaak Leon and 1 other
Documentsfilings and deeds
29-10-20262 days before the deadline
2026micro format
Gross margin from €347,184 to €100,374Back to profit: €48,219Investments €597,415Cash from €81,618 to €130,029
Key points
from the 2026 annual accountsTurnover
≈ €170,000 estimated
The accounts state no turnover.
Investments
€727,520 10.5 × depreciation
Green is investment, beige is depreciation.
Filings
23 annual accounts since 2004
The last five annual accounts were filed 0 to 8 days before the end of the period.
At the same address
5 companies
Position in the sector
€3.8m
More equity than 95% of companies in head offices and management consultancy. Sector median €96,336 · 1,543 companies.
Checked score
92
Excellent
Financially stronger than 32% of small companies in head offices and management consultancy (NACE 70)
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: 0.1% across 4,522 companies (NACE 70, small).
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 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
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%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025highest value
11-2025: < 0.1%▼ -0.1 percentage points 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: < 0.1%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.86, cash €130,029
lowers risk
Size: total assets €6.4m
Figures for financial year 2026 (filed on 30-10-2026)
Sector: Activities of head offices; management consultancy activities (NACE 70)
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 70, small). It does better than 57% of them on solvency, 23% on liquidity, 13% on profitability and 36% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-03-2026.
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, 1,887 companies had the same profile as MASITI has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of MASITI 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 1,887 companies, not a prediction for MASITI. 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 €350,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.86 (1.18 in 2025), below 1. Short-term debt is 32.5% and cash 2% of total assets. 40.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 29-10-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
2 days early
2025
on the day
2024
8 days early
2023
4 days early
2022
3 days early
2021
16 days early
2020
1 day 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 5 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 28 October (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
08-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
- LODE WAESannual accounts 31-03-2021
Shares in 4 companies, including Steeg & Plein Projects and ARTES RENO
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0479826039
Company renamed from LODE WAES to MASITI
Change of role: WAES, Lode Dirk Jaak Leon, from statutory manager to statutory director · Appointment: DECALUWE Katrien Jakoba (successor statutory director) · “Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het uitoefenen van activiteit van…” (deed in Dutch) · Gazette deed
Appointment: Mathias Waes (director)
General meeting of 16-09-2022 · Gazette deed
Registered office moved from Melle to Ghent
New registered office: Galjoenstraat 12, bus 5.01, 9000 Gent · Previous registered office: Collegebaan 25A, 9090 Melle · Board meeting of 01-04-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MASITI Ghent | €6.4m | €100,374 | 59.7% | - |
| GIMMACO Berlare | €6.9m | €96,531 | 78.2% | - |
| MAT PACK Aalst | €7.2m | €85,701 | 94.1% | - |
| SOMNIUM Antwerp | €6.9m | €98,180 | 92.9% | - |
| VANBOCKRIJCK CONSULTING Maaseik | €6.5m | €103,489 | 99.2% | 0 |
| NABUCHODONOSOR Enghien | €5.8m | €92,021 | 25.0% | - |
| O.P.S. Koksijde | €6.8m | €113,911 | 3.5% | - |
These companies have the same main activity as MASITI: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €5.8m and €7.2m, founded between 2000 and 2004.
Official details
Source: KBO- Status
- Active since 21-03-2003Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.126.614.1429090 Merelbeke-Melle, since 14-04-2003
- Financial year end
- 31 March
- Peppol
- Reachable since 21-10-2026
Annual accounts to 31-03-2026
- €6.4m▲ 5.2%
- Filing
- Filed on 29-10-2026, 2 days before the end of the filing period
Companies linked to MASITI
Subsidiaries and holdings
- Artes Terra30%
- CAAAP30%
Insights on MASITI
MASITI files the micro format. That format states no turnover. The gross margin fell from €193,659 in 2007 to €100,374 in 2026.
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 MASITI
- What is the company number of MASITI?
- The company number of MASITI is 0479.826.039. The VAT number is the same number with BE in front: BE 0479.826.039.
- Where is MASITI based?
- The registered office is at Galjoenstraat 12, 9000 Ghent.Company details
- What does MASITI do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of MASITI?
- MASITI is a private limited company (BV).
- When was MASITI founded?
- MASITI was founded on 21-03-2003.
- Is MASITI still active?
- Yes, MASITI is an active enterprise in the KBO register.
- What is the turnover of MASITI?
- The turnover in financial year 2026 is ≈ €170,000. This figure is estimated from the gross margin of €100,374 and 109 comparable companies (NACE 70200). It probably lies between €140,000 and €200,000.Financials
- Is MASITI profitable?
- In financial year 2026, MASITI made a profit of €48,219.
- Where can I find the annual accounts of MASITI?
- MASITI filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of MASITI due?
- MASITI must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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