MAS DRIVE

Active

Private limited companyfounded 201610 yrs activeOssebergstraat 20, 3690 Zutendaal, BelgiumKBO/BCE: BE 0661.776.659

Summary

MAS DRIVE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11k and a net result of €-6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 59% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Watch Print / PDF

Checked score

Score 2024

46 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-8

Solvency75▲+3

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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 2024

Solvency, return and age of the figures

Solvency

50.2%

Return on assets

-26%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year €-6k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

34 d early

2022

34 d early

2021

32 d early

2020

10 d early

2019

35 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€11k▼ 34.1%

2023 · €16k

2018: €-375 2019: €-8k 2020: €15k 2021: €44k 2022: €20k 2023: €16k

2018 → 2024

Total assets

€22k▼ 38.4%

2023 · €35k

2018: €63k 2019: €36k 2020: €87k 2021: €78k 2022: €50k 2023: €35k

2018 → 2024

Net result

€-6k▼ 55.6%

2023 · €-4k

2018: €-5k 2019: €-8k 2020: €23k 2021: €29k 2022: €-24k 2023: €-4k

2018 → 2024

Working capital

€4k▼ 65.9%

2023 · €11k

2018: €-3k 2019: €6k 2020: €7k 2021: €18k 2022: €16k 2023: €11k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€15k-€44k▲ 185%€20k▼ 54.5%€16k▼ 18.0%€11k▼ 34.1%

Operating result€25k-€33k▲ 30.9%€-24k€-3k▲ 87.5%€-5k▼ 82.3%

Net result€23k-€29k▲ 22.3%€-24k€-4k▲ 85.0%€-6k▼ 55.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €5k in 2024 against €3k in 2023; the loss grows.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €22k

32.3%

67.7%

Fixed assets €7k ▼ 25.2%

Current assets €15k ▼ 43.2%

Equity and liabilities €22k

50.2%

49.8%

Equity €11k ▼ 34.1%

Debt €11k ▼ 42.2%

Debt's share of the balance-sheet total falls from 53.1% to 49.8%. Equity and debt are lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-3k▼

2023 · €187

Cash flow

€-3k▼

2023 · €-462

Current ratio

1.36▼

2023 · 1.79

Quick ratio

0.43▼

2023 · 1.07

Debt to equity

0.99▼

2023 · 1.13

ROE

-51.8%▼

2023 · -21.9%

ROA

-26.0%▼

2023 · -10.3%

Interest coverage

-12.25▼

2023 · 0.26

Debt ≤ 1 year

€11k▼

2023 · €14k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines

Balance sheet Code20232024

Assets

Total assets20/58€35k€22k▼

Fixed assets21/28€9k€7k▼

Tangible fixed assets22/27€9k€7k▼

Land and buildings22€5k€5k▼

Plant, machinery and equipment23€5k€2k▼

Current assets29/58€26k€15k▼

Stocks and contracts in progress3€10k€10k▼

Stocks30/36€10k€10k▼

Amounts receivable within one year40/41€2k€4k▲

Other amounts receivable41€2k€4k▲

Cash at bank and in hand54/58€13k€42▼

Deferred charges and accrued income490/1€447€167▼

Equity and liabilities

Total equity and liabilities10/49€35k€22k▼

Equity10/15€16k€11k▼

Contributions10/11€20k€20k=

Profit (loss) carried forward14€-4k€-9k▼

Amounts payable17/49€19k€11k▼

Amounts payable after more than one year17€4k-

Other amounts payable178/9€4k-

Amounts payable within one year42/48€14k€11k▼

Trade debts44€851€3k▲

Suppliers440/4€851€3k▲

Taxes, remuneration and social security45€2k-

Taxes450/3€2k-

Other amounts payable47/48€11k€8k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼

Other operating charges640/8€414€62▼

Gross operating margin9900€601€-3k▼

Operating profit (loss)9901€-3k€-5k▼

Financial income75/76B€68€24▼

Recurring financial income75€68€24▼

Financial charges65/66B€717€248▼

Recurring financial charges65€717€248▼

Profit (loss) for the period before taxes9903€-4k€-6k▼

Profit (loss) for the period9904€-4k€-6k▼

Profit (loss) for the period to be appropriated9905€-4k€-6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-4k€-9k▼

Profit (loss) brought forward from the previous period14P-€-4k

Transfer from equity791/2€18-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 11Financial 3Filings 8

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

27-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

27-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €-24k ▼184%

Net result drops to €-24k, the lowest in the series; recovery starts the following year.

29-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2018net €29k ▲22.3%

Operating result €33k, net result €29k, both a record.

21-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Back to profitnet €23k

Net result €23k after 2 loss-making years.

26-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

29-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 29 days late

2018

05-10

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 66 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Zutendaal · 1 establishment unit since 2016

establishment The establishment unit on the map

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.

Ossebergstraat 203690 Zutendaal

Ground area

3,824 m²

Building footprint

695 m²

Volume, LiDAR

2,281 m³

2 parcels, Flanders · tallest building 16.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

MAS DRIVE

Noordlaan 78, 3690 ZutendaalNACE 45113

since 20162.256.108.053

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71067B0567/00L000	Flanders	2,691 m²	1 · 258 m²	2.1 m
71067A0027/00V000	Flanders	1,133 m²	1 · 437 m²	16.7 m · 2 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.

Similar companies · same sector, comparable size

LDT

BE 0633.888.466

Verviers · Eq €10,725

SOLAR EXPORT

BE 0764.729.885

Kraainem · Eq €10,697

Laurence Dujardyn

BE 1009.993.692

Sint-Gillis (bij-Brussel) · Eq €10,962

Of 4,420 companies in sector 46180 we hold annual accounts for 1,886. 940 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded29-08-2016

Fiscal year end31-12

Activities, NACEBEL 2025

46180Agents specialised in the wholesale of other particular products

47811Retail sale of cars and light vans (up to 3.5 tonnes)

Sources

Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.