M A SOFTWARE TECHNOLOGIES
ActiveM A SOFTWARE TECHNOLOGIES has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €13k. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 86% of 10230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
90
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▼-2
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 4.1 against 5.95 in 2024), and 23.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
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
76.3%
Return on assets
15%
Age of the figures
8 mo
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 26-03-2026, 127 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
127 d early
2024
21 d early
2023
26 d early
2022
3 d early
2021
30 d late
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€66k▼ 0.4%
2024 · €66k
2018: €27k
2019: €3k
2020: €27k
2021: €38k
2022: €36k
2023: €47k
2024: €66k
2018 → 2025
Total assets
€87k▲ 3.9%
2024 · €84k
2018: €35k
2019: €7k
2020: €54k
2021: €49k
2022: €60k
2023: €70k
2024: €84k
2018 → 2025
Net result
€13k▼ 34.3%
2024 · €20k
2018: €7k
2019: €-25k
2020: €24k
2021: €11k
2022: €-1k
2023: €10k
2024: €20k
2018 → 2025
Working capital
€56k▼ 1.3%
2024 · €57k
2018: €27k
2019: €605
2020: €27k
2021: €30k
2022: €28k
2023: €40k
2024: €57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€36k▼ 3.1%€47k▲ 27.9%€66k▲ 42.5%€66k▼ 0.4%
Operating result€9k-€-317€15k€28k▲ 86.9%€19k▼ 33.6%
Net result€11k-€-1k€10k€20k▲ 94.6%€13k▼ 34.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87k
Fixed assets
€12k▼ 17.6%
Current assets
€75k▲ 8.5%
Equity and liabilities €87k
Equity
€66k▼ 0.4%
Debt
€21k▲ 20.6%
The debt ratio rises from 20.4% to 23.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€24k▼
2024 · €32k
Cash flow
€18k▼
2024 · €24k
Solvency
76.3%▼
2024 · 79.6%
Current ratio
4.10▼
2024 · 5.95
Quick ratio
4.10▼
2024 · 5.95
Debt / equity
0.31▲
2024 · 0.26
ROE
19.6%▼
2024 · 29.8%
ROA
15.0%▼
2024 · 23.7%
Interest coverage
93.68▼
2024 · 94.42
Debt
€21k▲
2024 · €17k
Debt ≤ 1 year
€18k▲
2024 · €12k
Debt > 1 year
€2k▼
2024 · €5k
Income taxes
€6k▼
2024 · €8k
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€84k€87k▲
Fixed assets21/28€15k€12k▼
Tangible fixed assets22/27€15k€12k▼
Furniture and vehicles24€15k€12k▼
Current assets29/58€69k€75k▲
Amounts receivable within one year40/41€19k€13k▼
Trade receivables40€10k€10k▼
Other amounts receivable41€9k€3k▼
Current investments50/53€40k€53k▲
Cash at bank and in hand54/58€9k€5k▼
Deferred charges and accrued income490/1€417€5k▲
Equity and liabilities
Total equity and liabilities10/49€84k€87k▲
Equity10/15€66k€66k▼
Contributions10/11€12k€1k▼
Reserves13€54k€65k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€54k€65k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€17k€21k▲
Amounts payable after more than one year17€5k€2k▼
Financial debts170/4€5k€2k▼
Amounts payable within one year42/48€12k€18k▲
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€1k€6k▲
Suppliers440/4€1k€6k▲
Taxes, remuneration and social security45€7k€9k▲
Taxes450/3€7k€9k▲
Other amounts payable47/48€0€147▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€839€906▲
Gross operating margin9900€33k€25k▼
Operating profit (loss)9901€28k€19k▼
Financial income75/76B€364€245▼
Recurring financial income75€364€245▼
Financial charges65/66B€341€254▼
Recurring financial charges65€341€254▼
Profit (loss) for the period before taxes9903€28k€19k▼
Income taxes67/77€8k€6k▼
Profit (loss) for the period9904€20k€13k▼
Profit (loss) for the period to be appropriated9905€20k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€13k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€13k
Transfer to equity691/2€20k€13k▼
To other reserves6921€20k€13k▼
Profit to be distributed694/7-€13k
Return on contributions (dividend)694-€13k
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
Next filing, fiscal year 2026, expected by
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.83
Current ratio from 1.13 to 2.83.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-25k ▼447%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2020
Anthony Jean-Pierre MAST
CurrentDirector · since 01-01-2020
01-01-2020
Resigned as Manager
01-01-2020
Appointed as Director
Location & real-estate footprint
Registered office, Laarne · 1 establishment unit since 2006
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.
Loveld 19270 LaarneGround area
550 m²
Building footprint
112 m²
Volume, LiDAR
550 m³
Parcel 42010C1032/00P000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M A SOFTWARE TECHOLOGIES
since 20062.158.216.940
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42010C1032/00P000 | Flanders | 550 m² | 1 · 112 m² | 8.2 m · 2 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
INTERFONE BELGIUM
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RIVICH - IMMO
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BE CONSULT & INVEST
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A.D WEBSYS
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Of 3,210 companies in sector 47400 we hold annual accounts for 1,795. 1,443 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2006
Fiscal year end31-12
Activities, NACEBEL
47400Retail sale of information and communication equipment
47410Retail trade
52487
62020IT consultancy
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
72600
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.