M.A.S.E.
ActiveM.A.S.E. has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106k and a net result of €2k. Equity is growing by ~38.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 12627 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-91
Solvency12=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity short (current ratio 0.45 against 0.53 in 2024), and 82.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.6%
Return on assets
0.3%
Age of the figures
14 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 12627 sector peers (2025).
NBB · sector comparisonPosition among 12627 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
27 d late
2024
1 d early
2023
on the day
2022
on the day
2021
on the day
2020
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€106k▲ 1.8%
2024 · €104k
2020: €11k
2021: €28k
2022: €51k
2023: €49k
2024: €104k
2020 → 2025
Total assets
€603k▼ 3.4%
2024 · €624k
2020: €164k
2021: €475k
2022: €638k
2023: €615k
2024: €624k
2020 → 2025
Net result
€2k▼ 96.5%
2024 · €55k
2020: €11k
2021: €17k
2022: €23k
2023: €-2k
2024: €55k
2020 → 2025
Working capital
€-59k▼ 29.8%
2024 · €-46k
2020: €-20k
2021: €-87k
2022: €-79k
2023: €-103k
2024: €-46k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€51k▲ 80.9%€49k▼ 3.8%€104k▲ 111%€106k▲ 1.8%
Operating result€29k-€36k▲ 21.7%€6k▼ 82.8%€74k▲ 1,108%€11k▼ 84.8%
Net result€17k-€23k▲ 32.9%€-2k€55k€2k▼ 96.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 85% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €603k
Fixed assets
€555k▼ 3.1%
Current assets
€48k▼ 6.7%
Equity and liabilities €603k
Equity
€106k▲ 1.8%
Debt
€497k▼ 4.5%
The debt ratio falls from 83.3% to 82.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€29k▼
2024 · €96k
Cash flow
€20k▼
2024 · €77k
Solvency
17.6%▲
2024 · 16.7%
Current ratio
0.45▼
2024 · 0.53
Quick ratio
0.45▼
2024 · 0.53
Debt / equity
4.68▼
2024 · 4.99
ROE
1.8%▼
2024 · 52.7%
ROA
0.3%▼
2024 · 8.8%
Interest coverage
3.87▼
2024 · 13.67
Debt
€497k▼
2024 · €520k
Debt ≤ 1 year
€107k▲
2024 · €97k
Debt > 1 year
€389k▼
2024 · €422k
Income taxes
€2k▼
2024 · €17k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€624k€603k▼
Fixed assets21/28€573k€555k▼
Tangible fixed assets22/27€569k€551k▼
Land and buildings22€302k€289k▼
Furniture and vehicles24€32k€27k▼
Other tangible fixed assets26€235k€235k=
Financial fixed assets28€4k€4k=
Current assets29/58€51k€48k▼
Amounts receivable within one year40/41€40k€41k▲
Trade receivables40€29k€30k▲
Other amounts receivable41€11k€12k▲
Current investments50/53€1k€457▼
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€624k€603k▼
Equity10/15€104k€106k▲
Contributions10/11€100€100=
Reserves13€104k€106k▲
Distributable reserves133€104k€106k▲
Amounts payable17/49€520k€497k▼
Amounts payable after more than one year17€422k€389k▼
Financial debts170/4€422k€389k▼
Amounts payable within one year42/48€97k€107k▲
Current portion of amounts payable after more than one year42€49k€37k▼
Financial debts43€1€1k▲
Credit institutions430/8€1€1k▲
Trade debts44€9k€3k▼
Suppliers440/4€9k€3k▼
Taxes, remuneration and social security45€19k€23k▲
Taxes450/3€19k€23k▲
Other amounts payable47/48€22k€43k▲
Accrued charges and deferred income492/3€857€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€18k▼
Other operating charges640/8€5k€2k▼
Gross operating margin9900€102k€32k▼
Operating profit (loss)9901€74k€11k▼
Financial income75/76B€4k€38▼
Recurring financial income75€4k€38▼
Financial charges65/66B€7k€8k▲
Recurring financial charges65€7k€8k▲
Profit (loss) for the period before taxes9903€72k€4k▼
Income taxes67/77€17k€2k▼
Profit (loss) for the period9904€55k€2k▼
Profit (loss) for the period to be appropriated9905€55k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€55k€2k▼
Transfer to equity691/2€55k€2k▼
To contributions691-€0
To other reserves6921€55k€2k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €55k
Net result €55k after one loss-making year.
30-06
Financial
Equity above €100kEq €104k ▲111%
Equity rises from €49k to €104k.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-2k ▼109%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Blankenberge · 1 establishment unit since 2019
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.
Zeedijk 698370 BlankenbergeGround area
204 m²
Building footprint
192 m²
Volume, LiDAR
5,739 m³
Parcel 31004A0741/00G037, Flanders · tallest building 33.0 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
M.A.S.E.
since 20192.293.968.836
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31004A0741/00G037 | Flanders | 204 m² | 1 · 192 m² | 33.0 m · 10 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 254 EUR awarded · 254 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 119 EUR | 119 EUR |
| 2022 | 1 | 135 EUR | 135 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,752 companies in sector 69109 we hold annual accounts for 1,205. 943 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-09-2019
Fiscal year end30-06
Activities, NACEBEL
69109Other legal services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:M.A.S.E.bv@outlook.be