Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Of this, €135,215 falls due within a year.
In 2025, 43 people joined and 33 left.
Four of the last ten came late. The 2022 accounts came latest: 57 days after the end of the period.
Lower solvency than 95% of companies in wholesale trade. Sector median 42.9% · 9,902 companies.
The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 46, small). It does better than 1% of them on solvency, 50% on liquidity, 1% on profitability and 4% 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 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
In July 2024, 598 companies had the same profile as MAASEIK BSS has now. Each dot stands for 2 companies, two years later.
Another 1.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MAASEIK BSS itself: 2.9% within 12 months.
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 598 companies, not a prediction for MAASEIK BSS. 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.
Liquidity is tight, with a current ratio of 1.05 (1.69 in 2024), below the usual 1.5. Short-term debt is 95.6% and cash 34.6% of total assets. Equity is negative.
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.
The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| MAASEIK BSS Maaseik | €141,459 | €347,963 | -186.8% | 11 |
| Topforce Zonhoven | €431,995 | €381,771 | 67.8% | 4 |
| NIKI 2002 Asse | €81,506 | €227,373 | 19.3% | - |
| IH COMPANY Verviers | €464,100 | €495,208 | -4.3% | 12.5 |
| PANDION EUROPE Bredene | €284,346 | €412,757 | 36.4% | - |
| MELI DELICE Brussels | €199,602 | €130,823 | 63.9% | - |
| K&M SOLUTIONS Keerbergen | €138,850 | €123,690 | 6.7% | - |
These companies have the same main activity as MAASEIK BSS: wholesale of solid, liquid and gaseous fuels and related products (NACE 46810). They are comparable in size and age: total assets between €81,500 and €464,000, founded between 2007 and 2016.
MAASEIK BSS files the abbreviated format. That format states no turnover. The gross margin rose from €270,067 in 2012 to €347,963 in 2025.
BRIM holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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