MASAKO
ActiveSummary
The computed 12-month bankruptcy probability of MASAKO is 3.3% (moderate). The 2024 annual accounts show equity of €89k and a net result of €5k. Equity is growing by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 1763 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-24
Solvency100=
Growth69=
Track record100
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 6.69 against 7.88 in 2023; short-term debt: 14.6% and cash: 37.2% of total assets), and 15.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
28 d late
2022
29 d late
2021
225 d late
2020
97 d late
2019
109 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€144k▼ 11.7%
2019 · €163k
EBIT margin
8.8%▼ 1.2pp
2019 · 10.0%
Net result
€5k▼ 78.5%
2023 · €24k
Working capital
€88k▲ 7.2%
2023 · €82k
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
Line20202021202220232024
Turnover€144k▼ 11.7%
Operating result€13k▼ 22.4%€5k▼ 57.4%€4k▼ 30.8%€30k▲ 698%€5k▼ 84.5%
Net result€13k▼ 10.3%€4k▼ 68.1%€3k▼ 19.0%€24k▲ 609%€5k▼ 78.5%
EBIT margin8.8%▼ 1.2pp
Equity€33k▲ 65.5%€37k▲ 12.6%€60k▲ 63.5%€84k▲ 39.4%€89k▲ 6.1%
Total assets€115k▼ 10.2%€46k▼ 60.1%€73k▲ 59.5%€97k▲ 32.1%€106k▲ 8.8%
Debt€83k▼ 23.9%€9k▼ 88.7%€13k▲ 43.5%€13k▼ 0.9%€17k▲ 26.0%
Working capital€28k▲ 86.1%€34k▲ 18.4%€59k▲ 74.8%€82k▲ 38.8%€88k▲ 7.2%
Staff (FTE)1▼ 33.3%1=1
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 85% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €106k
Fixed assets
€3k ▼ 25.0%
Current assets
€103k ▲ 10.1%
Equity and liabilities €106k
Equity
€89k ▲ 6.1%
Debt
€17k ▲ 26.0%
Debt's share of the balance-sheet total rises from 13.7% to 15.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5k▼
2023 · €30k
Cash flow
€6k▼
2023 · €24k
Current ratio
6.69▼
2023 · 7.88
Quick ratio
6.64▼
2023 · 7.82
Debt to equity
0.19▲
2023 · 0.16
ROE
5.7%▼
2023 · 28.3%
ROA
4.8%▼
2023 · 24.4%
Interest coverage
260.19▲
2023 · 77.20
Debt ≤ 1 year
€15k▲
2023 · €12k
Income taxes
€2k▼
2023 · €7k
Staff costs
€4k▲
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €144k | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €4k | €5k | €1k | €4k | ▲ 313% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €925 | €494 | €895 | ▲ 81.2% |
| Other operating charges640/8 | - | €388 | €40 | €812 | €563 | ▼ 30.7% |
| Gross operating margin9900 | €18k | €11k | €10k | €32k | €10k | ▼ 67.4% |
| Operating profit (loss)9901 | €13k | €5k | €4k | €30k | €5k | ▼ 84.5% |
| Financial income75/76B | - | €4 | €807 | €1k | €2k | ▲ 83.6% |
| Recurring financial income75 | €2k | €4 | €807 | €1k | €2k | ▲ 83.6% |
| Financial charges65/66B | - | €152 | €258 | €389 | €21 | ▼ 94.6% |
| Recurring financial charges65 | €165 | €152 | €258 | €389 | €21 | ▼ 94.6% |
| Profit (loss) for the period before taxes9903 | €14k | €5k | €4k | €30k | €7k | ▼ 77.8% |
| Income taxes67/77 | €1k | €1k | €913 | €7k | €2k | ▼ 75.1% |
| Profit (loss) for the period9904 | €13k | €4k | €3k | €24k | €5k | ▼ 78.5% |
| Profit (loss) for the period to be appropriated9905 | €13k | €4k | €3k | €24k | €5k | ▼ 78.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115k | €46k | €73k | €97k | €106k | ▲ 8.8% |
| Fixed assets21/28 | €4k | €3k | €3k | €4k | €3k | ▼ 25.0% |
| Tangible fixed assets22/27 | €2k | €852 | €1k | €2k | €1k | ▼ 38.3% |
| Plant, machinery and equipment23 | - | €475 | - | - | - | - |
| Furniture and vehicles24 | - | €377 | €1k | €2k | €1k | ▼ 38.3% |
| Financial fixed assets28 | €2k | €2k | €2k | €1k | €1k | = |
| Current assets29/58 | €111k | €43k | €70k | €93k | €103k | ▲ 10.1% |
| Stocks and contracts in progress3 | €2k | €5k | €2k | €659 | €638 | ▼ 3.2% |
| Stocks30/36 | - | €5k | €2k | €659 | €638 | ▼ 3.2% |
| Amounts receivable within one year40/41 | €93k | - | €22k | €26k | €62k | ▲ 143% |
| Trade receivables40 | - | - | €39 | - | €5k | - |
| Other amounts receivable41 | - | - | €22k | €26k | €58k | ▲ 125% |
| Cash at bank and in hand54/58 | €16k | €38k | €45k | €67k | €39k | ▼ 41.5% |
| Deferred charges and accrued income490/1 | - | - | €822 | - | €566 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115k | €46k | €73k | €97k | €106k | ▲ 8.8% |
| Equity10/15 | €33k | €37k | €60k | €84k | €89k | ▲ 6.1% |
| Contributions10/11 | €10k | €10k | €30k | €30k | €30k | = |
| Outside capital11 | - | €10k | €30k | €30k | €30k | = |
| Other1109/19 | - | €10k | €30k | €30k | €30k | = |
| Reserves13 | €3k | €26k | €30k | €53k | €58k | ▲ 9.4% |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | - | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €23k | €27k | €50k | €55k | ▲ 10.0% |
| Profit (loss) carried forward14 | €20k | €733 | €71 | €749 | €830 | ▲ 10.8% |
| Amounts payable17/49 | €83k | €9k | €13k | €13k | €17k | ▲ 26.0% |
| Amounts payable within one year42/48 | €83k | €9k | €11k | €12k | €15k | ▲ 29.7% |
| Trade debts44 | €1k | €3k | €8k | €4k | €4k | ▼ 0.6% |
| Suppliers440/4 | - | €3k | €8k | €4k | €4k | ▼ 0.6% |
| Advances received on contracts in progress46 | - | €195 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €6k | €3k | €8k | €11k | ▲ 45.0% |
| Taxes450/3 | - | €6k | €3k | €8k | €9k | ▲ 11.6% |
| Remuneration and social security454/9 | - | €920 | - | - | €3k | - |
| Other amounts payable47/48 | - | €150 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €2k | €1k | €1k | ▼ 4.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €4k | €3k | €24k | €5k | ▼ 78.5% |
| + Depreciation and write-downs630 | €1k | €1k | €925 | €494 | €895 | ▲ 81.2% |
| Operating cash flow (approximation) | €14k | €5k | €4k | €24k | €6k | ▼ 75.3% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €-809 | €0 | ▲ 100% |
| Change in cash | - | €22k | €7k | €22k | €-28k | ▼ 227% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Highest result since 2018net €24k ▲609%
Operating result €30k, net result €24k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
13-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 225 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 4.59
Current ratio from 1.34 to 4.59; short-term debt falls from €83k to €9k.
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 97 days late
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
06-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 98 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Evere · 1 establishment unit since 2024
Ground area
223 m²
Building footprint
114 m²
Volume, LiDAR
799 m³
Parcel 21372C0029/00D002, Brussels · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Panda Noodles
since 20242.369.606.070
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0029/00D002 | Brussels | 223 m² | 1 · 114 m² | 14.0 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEvere2.369.606.070
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,452. 9,687 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
Founded03-05-2017
Fiscal year end31-12
Trade name FR
SUSHIYA
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.