MAS
ActiveSummary
MAS has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €624,727 and a net result of -€25,382. Equity has been stable since 2018 (±1.3% per year). Its solvency ranks better than 46% of 5,801 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
Source: KBO- Status
- Active since 31-01-2000 Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203
- Establishment unit
- 2.096.529.690 1000 Brussel, since 09-05-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
- P.B.BRUSSELDaily manager · permanent representative Alain DE FRENNE
- FINALMADaily manager · permanent representative Jihad TALEB
- RAS EUROPE30.16%· score 512025 annual accounts of RAS EUROPE
- TAS EUROPROJECTS4.84%· score 942024 annual accounts of TAS EUROPROJECTS
- P.B Brussel· score 68annual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €50,944
- ▼ 57.0%
- Turnover
- ≈ €66,000
- estimated
- Loss
- €25,382
- Equity
- €624,727
- ▼ 3.9%
- Total assets
- €1.9m
- ▲ 162%
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 1.13, cash €18,393, halvedlowers riskSize: total assets €1.9mFigures for financial year 2025 (filed on 03-07-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 68, micro). It does better than 52% of them on solvency, 14% on liquidity, 25% on profitability and 36% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
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).
Credit check for an amount and term of your choice
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.
Signals
The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: From profit to loss in 2025after a profit of €60,079 in 2024 -€25,382 View
Recent changes
- · Gazette deed 1 director appointed, 3 directors resigningResignations: DIAZ WIAGGIO Maria, BERNIS CALATAYUD Jaime and RUIZ-TABOADA LUGONES Hugo · Appointment: FINALMA (director) · Permanent representative: Jihad TALEB
- · Gazette deed Registered office moved from Brussels to UkkelNew seat: avenue Wellington 124, 1180 Uccle · Previous seat: Rue de Spa 18, 1000 Bruxelles · Appointment: P.B.BRUSSEL (director)
- · Gazette deed 3 directors resigning, 3 directors reappointedResignations: DIAZ WIAGGIO Maria, BERNIS CALATAYUD Jaime and RUIZ-TABOADA LUGONES Hugo · Reappointments: DIAZ WIAGGIO Maria, BERNIS CALATAYUD Jaime and RUIZ-TABOADA LUGONES Hugo · “Acquérir,aliéner,apporter,louer,échanger,exploiter,construire,rénover,aménager,mettreenvaleuretgérertousbienso…” (deed in French)
Comparable companies
These companies have the same main activity as MAS: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.3m and €3.1m, founded between 1989 and 2006.
| Company | Total assets | Gross margin |
|---|---|---|
| MAS Ukkel | €1.9m | €0.05m |
| IMMOBILIERE JENNINGS Schaarbeek | €3.1m | €0.05m |
| JOMAGE TRADING Duffel | €2.3m | €0.06m |
| DERTIEN-ACHT Roeselare | €1.9m | €0.04m |
| WEVERIJ DEWEER Avelgem | €1.5m | €0.07m |
| DEN EYCK Roeselare | €1.3m | €0.04m |
| Van Mossel Leyssen Bree | €1.6m | €0.06m |
Key facts about MAS
- What is the company number of MAS?
- The company number of MAS is 0470.206.609. The VAT number is the same number with BE in front: BE 0470.206.609.
- Where is MAS based?
- The registered office is at Wellingtonlaan 124, 1180 Ukkel.Company details
- What does MAS do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of MAS?
- The legal form of MAS is Public limited company (NV).
- When was MAS founded?
- MAS was founded on 31-01-2000.
- Is MAS still active?
- Yes, MAS is an active enterprise in the KBO register.
- What is the turnover of MAS?
- The turnover in financial year 2025 is ≈ €66,000. This figure is estimated from the gross margin of €50,944 and 45 comparable companies (NACE 682). It probably lies between €57,000 and €84,000.Financials
- Is MAS profitable?
- In financial year 2025, MAS made a loss of €25,382.
- Where can I find the annual accounts of MAS?
- MAS filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MAS due?
- MAS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
See how customers, suppliers and banks see your own company and what to improve first.