MAS
ActiveMAS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €625k and a net result of €-25k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 46% of 4530 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▼-51
Solvency59▼-41
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 4.24 in 2024; short-term debt: 65.9% and cash: 1% of total assets), and 66.4% 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 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
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
21 d early
2023
84 d early
2022
18 d late
2021
3 d early
2020
12 d late
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-25k
2024 · €60k
2018: €110k
2019: €59k
2020: €-55k
2021: €-13k
2022: €58k
2023: €66k
2024: €60k
2018 → 2025
Working capital
€161k▼ 12.7%
2024 · €184k
2018: €202k
2019: €295k
2020: €275k
2021: €294k
2022: €382k
2023: €418k
2024: €184k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€573k-€632k▲ 10.2%€640k▲ 1.3%€650k▲ 1.6%€625k▼ 3.9%
Operating result€-10k-€63k€83k▲ 30.2%€80k▼ 2.9%€1k▼ 98.2%
Net result€-13k-€58k€66k▲ 13.7%€60k▼ 9.5%€-25k
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 98% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.86M
Fixed assets
€472k▲ 0.8%
Current assets
€1.39M▲ 474%
Equity and liabilities €1.86M
Equity
€625k▼ 3.9%
Debt
€1.23M▲ 1,987%
The debt ratio rises from 8.3% to 66.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€37k▼
2024 · €109k
Cash flow
€10k▼
2024 · €89k
Solvency
33.6%▼
2024 · 91.7%
Current ratio
1.13▼
2024 · 4.24
Quick ratio
1.13▼
2024 · 4.24
Debt / equity
1.97▲
2024 · 0.09
ROE
-4.1%▼
2024 · 9.2%
ROA
-1.4%▼
2024 · 8.5%
Interest coverage
1.37▼
2024 · 144.65
Debt
€1.23M▲
2024 · €59k
Debt ≤ 1 year
€1.23M▲
2024 · €57k
Income taxes
€0▼
2024 · €20k
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€709k€1.86M▲
Fixed assets21/28€468k€472k▲
Tangible fixed assets22/27€218k€472k▲
Land and buildings22€192k€446k▲
Plant, machinery and equipment23€24k€24k▲
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€250k€0▼
Current assets29/58€241k€1.39M▲
Amounts receivable within one year40/41€115k€1.37M▲
Trade receivables40€74k€6k▼
Other amounts receivable41€40k€1.36M▲
Cash at bank and in hand54/58€121k€18k▼
Deferred charges and accrued income490/1€5k€65▼
Equity and liabilities
Total equity and liabilities10/49€709k€1.86M▲
Equity10/15€650k€625k▼
Contributions10/11€600k€600k=
Capital10€600k€600k=
Issued capital100€600k€600k=
Reserves13€36k€36k=
Non-distributable reserves130/1€36k€36k=
Legal reserve130€36k€36k=
Profit (loss) carried forward14€14k€-12k▼
Amounts payable17/49€59k€1.23M▲
Amounts payable within one year42/48€57k€1.23M▲
Current portion of amounts payable after more than one year42-€1.16M
Trade debts44€2k€61k▲
Suppliers440/4€2k€61k▲
Taxes, remuneration and social security45€4k€0▼
Taxes450/3€4k€0▼
Other amounts payable47/48€50k€4k▼
Accrued charges and deferred income492/3€2k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€35k▲
Other operating charges640/8€10k€14k▲
Gross operating margin9900€119k€51k▼
Operating profit (loss)9901€80k€1k▼
Financial income75/76B€767€1▼
Recurring financial income75€767€1▼
Financial charges65/66B€752€27k▲
Recurring financial charges65€752€27k▲
Profit (loss) for the period before taxes9903€80k€-25k▼
Income taxes67/77€20k€0▼
Profit (loss) for the period9904€60k€-25k▼
Profit (loss) for the period to be appropriated9905€60k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€-12k▼
Profit (loss) brought forward from the previous period14P€7k€14k▲
Transfer to equity691/2€3k€0▼
To the legal reserve6920€3k€0▼
Profit to be distributed694/7€50k€0▼
Return on contributions (dividend)694€50k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (13 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Back to profitnet €58k
Net result €58k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 22.08
Current ratio from 5.60 to 22.08; short-term debt falls from €64k to €18k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Weakest financial yearnet €-55k ▼194%
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Ukkel · 1 establishment unit since 2000
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.
Wellingtonlaan 1241180 UkkelGround area
1,888 m²
Building footprint
471 m²
Volume, LiDAR
4,251 m³
2 parcels, Brussels · tallest building 21.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MAS SA
since 20002.096.529.690
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0008/00B041 | Brussels | 1,496 m² | 1 · 324 m² | 9.3 m · 2 fl. |
| 21805E0061/00K000 | Brussels | 391 m² | 1 · 147 m² | 21.4 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
64886IX527N7KJMP7268
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VEGA IMMO
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PRODEKA
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COBANE
BE 0786.882.311
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BERSTO
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The Quint
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 4,368 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-01-2000
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
70203
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.