M MASSON
ActiveM MASSON has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €35k and a net result of €2k. Equity is shrinking by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 90% of 19347 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
86
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability46▲+15
Solvency100=
Growth22▼-2
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 8.64 against 4.01 in 2023), and 11.6% 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 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
88.4%
Return on assets
4.5%
Age of the figures
20 mo
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €35k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-11-2025, 103 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
103 d late
2023
165 d late
2022
31 d late
2021
25 d late
2020
61 d late
2019
141 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€21k▼ 65.4%
2023 · €60k
2018: €89k
2019: €80k
2020: €96k
2021: €83k
2022: €82k
2023: €60k
2018 → 2024
EBIT margin
14.8%▲ 12.1pp
2023 · 2.7%
2018: 29.7%
2019: 1.6%
2020: -1.7%
2021: -18.5%
2022: -18.8%
2023: 2.7%
2018 → 2024
Net result
€2k▲ 11.1%
2023 · €2k
2018: €25k
2019: €-617
2020: €-2k
2021: €-16k
2022: €-16k
2023: €2k
2018 → 2024
Working capital
€35k▲ 5.3%
2023 · €33k
2018: €55k
2019: €56k
2020: €60k
2021: €55k
2022: €48k
2023: €33k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€96k-€83k▼ 13.4%€82k▼ 1.6%€60k▼ 27.2%€21k▼ 65.4%
Equity€63k-€48k▼ 24.8%€31k▼ 34.4%€33k▲ 5.0%€35k▲ 5.3%
Operating result€-2k-€-15k▼ 827%€-15k▼ 0.3%€2k€3k▲ 90.6%
Net result€-2k-€-16k▼ 619%€-16k▼ 4.2%€2k€2k▲ 11.1%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 91% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €39k
Equity
€35k▲ 5.3%
Debt
€5k▼ 58.4%
The debt ratio falls from 24.9% to 11.6%: equity grows while debt is paid down.
Key figures and ratios
Solvency
88.4%▲
2023 · 75.1%
Current ratio
8.64▲
2023 · 4.01
Quick ratio
8.64▲
2023 · 4.01
Debt / equity
0.13▼
2023 · 0.33
ROE
5.0%▲
2023 · 4.8%
ROA
4.5%▲
2023 · 3.6%
Debt
€5k▼
2023 · €11k
Debt ≤ 1 year
€5k▼
2023 · €11k
Income taxes
€-504▼
2023 · €13
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€44k€39k▼
Current assets29/58€44k€39k▼
Amounts receivable within one year40/41€6k€4k▼
Trade receivables40€3k€3k=
Other amounts receivable41€3k€1k▼
Cash at bank and in hand54/58€37k€35k▼
Deferred charges and accrued income490/1€90€90=
Equity and liabilities
Total equity and liabilities10/49€44k€39k▼
Equity10/15€33k€35k▲
Contributions10/11€12k€12k=
Capital10€12k€12k=
Issued capital100€19k€19k=
Uncalled capital101€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€19k€20k▲
Amounts payable17/49€11k€5k▼
Amounts payable within one year42/48€11k€5k▼
Trade debts44€363€1k▲
Suppliers440/4€363€1k▲
Taxes, remuneration and social security45€4k€11▼
Taxes450/3€4k€11▼
Other amounts payable47/48€6k€4k▼
Accrued charges and deferred income492/3€1-
Income statement
Code20232024
Turnover70€60k€21k▼
Goods, raw materials, services and sundry goods60/61€56k€17k▼
Other operating charges640/8€2k€387▼
Gross operating margin9900€4k€3k▼
Operating profit (loss)9901€2k€3k▲
Financial income75/76B€147-
Recurring financial income75€147-
Financial charges65/66B€171€2k▲
Recurring financial charges65€171€2k▲
Profit (loss) for the period before taxes9903€2k€1k▼
Income taxes67/77€13€-504▼
Profit (loss) for the period9904€2k€2k▲
Profit (loss) for the period to be appropriated9905€2k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€20k▲
Profit (loss) brought forward from the previous period14P€17k€19k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 103 days late
12-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 165 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 8.64
Current ratio from 4.01 to 8.64; short-term debt falls from €11k to €5k.
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 4 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 141 days late
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 139 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 61 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Chastre · 1 establishment unit since 2009
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.
Rue du Piroy 91450 ChastreGround area
1,101 m²
Building footprint
122 m²
Volume, LiDAR
570 m³
Parcel 25017B0434/00E000, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M MASSON SPRL
since 20092.181.792.690
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25017B0434/00E000 | Wallonia | 1,101 m² | 1 · 121 m² | 6.4 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
Brixter
BE 0766.901.695
Gent · Eq €35k
Robust Management
BE 0798.910.608
Brugge · Eq €35k
BESIMMO
BE 0563.946.518
Antwerpen · Eq €34k
Cocoon
BE 0456.218.417
Oostende · Eq €34k
BUILDERBERG
BE 0779.342.045
Gent · Eq €35k
Of 11,708 companies in sector 68310 we hold annual accounts for 6,875. 4,504 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-10-2009
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68321Property management for co-owned buildings (syndics)
68322Real estate activities
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:muriel.masson@skynet.be
Phone:010/656937
Fax:010/656937