Mas
ActiveSummary
Mas has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €-23k. Its solvency ranks better than 43% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency68▼-8
Growth32
Track record82
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.42 in 2024; short-term debt: 57.4% and cash: 71% of total assets), and 57.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
42.6%
Return on assets
-23%
Age of the figures
9 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 01-06-2026, 60 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
60 d early
2024
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€42k▼ 35.0%
2024 · €65k
Total assets
€99k▼ 21.5%
2024 · €126k
Net result
€-23k
2024 · €63k
Working capital
€17k▼ 33.1%
2024 · €26k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€79k-€-23k
Net result€63k-€-23k
Equity€65k-€42k▼ 35.0%
Total assets€126k-€99k▼ 21.5%
Debt€61k-€57k▼ 7.2%
Working capital€26k-€17k▼ 33.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €23k after €79k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €99k
Fixed assets
€25k ▼ 36.3%
Current assets
€74k ▼ 14.9%
Equity and liabilities €99k
Equity
€42k ▼ 35.0%
Debt
€57k ▼ 7.2%
Debt's share of the balance-sheet total rises from 48.5% to 57.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-8k▼
2024 · €93k
Cash flow
€-9k▼
2024 · €77k
Current ratio
1.30▼
2024 · 1.42
Debt to equity
1.35▲
2024 · 0.94
ROE
-54.0%▼
2024 · 96.2%
ROA
-23.0%▼
2024 · 49.5%
Interest coverage
-44.61▼
2024 · 219.52
Debt ≤ 1 year
€57k▼
2024 · €61k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €14k | ▼ 0.3% |
| Other operating charges640/8 | €275 | €367 | ▲ 33.4% |
| Gross operating margin9900 | €93k | €-8k | ▼ 109% |
| Operating profit (loss)9901 | €79k | €-23k | ▼ 129% |
| Financial income75/76B | €102 | - | - |
| Recurring financial income75 | €102 | - | - |
| Financial charges65/66B | €423 | €188 | ▼ 55.6% |
| Recurring financial charges65 | €423 | €188 | ▼ 55.6% |
| Profit (loss) for the period before taxes9903 | €78k | €-23k | ▼ 129% |
| Income taxes67/77 | €16k | - | - |
| Profit (loss) for the period9904 | €63k | €-23k | ▼ 136% |
| Profit (loss) for the period to be appropriated9905 | €63k | €-23k | ▼ 136% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €126k | €99k | ▼ 21.5% |
| Fixed assets21/28 | €39k | €25k | ▼ 36.3% |
| Tangible fixed assets22/27 | €39k | €25k | ▼ 36.3% |
| Plant, machinery and equipment23 | €14k | €7k | ▼ 50.3% |
| Furniture and vehicles24 | €25k | €18k | ▼ 28.6% |
| Current assets29/58 | €87k | €74k | ▼ 14.9% |
| Amounts receivable within one year40/41 | €10k | €4k | ▼ 63.1% |
| Trade receivables40 | €10k | - | - |
| Other amounts receivable41 | €91 | €4k | ▲ 4,024% |
| Cash at bank and in hand54/58 | €77k | €70k | ▼ 8.6% |
| Deferred charges and accrued income490/1 | - | €46 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €126k | €99k | ▼ 21.5% |
| Equity10/15 | €65k | €42k | ▼ 35.0% |
| Contributions10/11 | €3k | €3k | = |
| Profit (loss) carried forward14 | €63k | €40k | ▼ 36.4% |
| Amounts payable17/49 | €61k | €57k | ▼ 7.2% |
| Amounts payable within one year42/48 | €61k | €57k | ▼ 7.2% |
| Trade debts44 | €4k | €553 | ▼ 84.6% |
| Suppliers440/4 | €4k | €553 | ▼ 84.6% |
| Taxes, remuneration and social security45 | €22k | €16k | ▼ 26.9% |
| Taxes450/3 | €17k | €16k | ▼ 7.9% |
| Remuneration and social security454/9 | €4k | - | - |
| Other amounts payable47/48 | €36k | €41k | ▲ 12.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €63k | €-23k | ▼ 136% |
| + Depreciation and write-downs630 | €14k | €14k | ▼ 0.3% |
| Operating cash flow (approximation) | €77k | €-9k | ▼ 111% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €-7k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Kortenaken · 1 establishment unit since 2023
Ground area
720 m²
Building footprint
167 m²
Volume, LiDAR
593 m³
Parcel 24115C0035/00F000, Flanders · tallest building 5.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Mas
since 20232.350.900.512
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24115C0035/00F000 | Flanders | 720 m² | 1 · 167 m² | 5.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,413. 6,775 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
25110Manufacture of metal structures and parts of structures
25401Forging of metal
25999Manufacture of fabricated metal products, except machinery and equipment
33120Repair and maintenance of machinery
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.