MASALETO
ActiveMASALETO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2k) and a net result of €-5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 1024 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▼-59
Solvency23▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 1.04 in 2024; short-term debt: 102.2% and cash: 4.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-2.2%
Return on assets
-6.1%
Age of the figures
9 mo
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-2k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 10 filingsDeviation from the deadline
2025
19 d late
2024
25 d late
2023
27 d late
2022
29 d late
2021
28 d late
2020
91 d late
2019
122 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-2k
2024 · €3k
2018: €-14k
2019: €-32k
2020: €-16k
2021: €8k
2022: €15k
2023: €-19k
2024: €3k
2018 → 2025
Total assets
€85k▼ 7.3%
2024 · €91k
2018: €33k
2019: €29k
2020: €50k
2021: €69k
2022: €76k
2023: €93k
2024: €91k
2018 → 2025
Net result
€-5k
2024 · €22k
2018: €-21k
2019: €-18k
2020: €15k
2021: €24k
2022: €6k
2023: €-33k
2024: €22k
2018 → 2025
Working capital
€-2k
2024 · €3k
2018: €-14k
2019: €-21k
2020: €-4k
2021: €2k
2022: €10k
2023: €-21k
2024: €3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€15k▲ 80.8%€-19k€3k€-2k
Operating result€30k-€11k▼ 63.6%€-25k€32k€3k▼ 91.6%
Net result€24k-€6k▼ 73.2%€-33k€22k€-5k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 92% below 2024.
Key figures and ratios
Solvency
-2.2%▼
2024 · 3.7%
Current ratio
0.98▼
2024 · 1.04
Quick ratio
0.59▼
2024 · 0.66
Debt / equity
-47.02▼
2024 · 26.38
ROA
-6.1%▼
2024 · 24.2%
Debt
€87k▼
2024 · €88k
Debt ≤ 1 year
€87k▼
2024 · €88k
Income taxes
€214▼
2024 · €1k
Staff costs
€362▼
2024 · €11k
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€91k€85k▼
Current assets29/58€91k€85k▼
Stocks and contracts in progress3€33k€34k▲
Stocks30/36€33k€34k▲
Amounts receivable within one year40/41€55k€44k▼
Trade receivables40€40k€44k▲
Other amounts receivable41€15k-
Cash at bank and in hand54/58€2k€4k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€91k€85k▼
Equity10/15€3k€-2k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€594€594=
Non-distributable reserves130/1€594€594=
Legal reserve130€594€594=
Profit (loss) carried forward14€-59k€-64k▼
Amounts payable17/49€88k€87k▼
Amounts payable within one year42/48€88k€87k▼
Financial debts43€19k€32k▲
Credit institutions430/8€19k€32k▲
Trade debts44€21k€4k▼
Suppliers440/4€21k€4k▼
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€5k€7k▲
Other amounts payable47/48€43k€43k▲
Income statement
Code20242025
Non-recurring operating income76A€5k-
Remuneration, social security and pensions62€11k€362▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€15k€1k▼
Gross operating margin9900€62k€6k▼
Operating profit (loss)9901€32k€3k▼
Financial income75/76B€5€4▼
Recurring financial income75€5€4▼
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€23k€-5k▼
Income taxes67/77€1k€214▼
Profit (loss) for the period9904€22k€-5k▼
Profit (loss) for the period to be appropriated9905€22k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-59k€-64k▼
Profit (loss) brought forward from the previous period14P€-81k€-59k▲
The notes to these accounts (2 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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €-33k ▼613%
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-12
Financial
Highest result since 2018net €24k ▲57.5%
Net result €24k, the highest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 91 days late
2020
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 373 days late
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 86 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, Courcelles · 2 establishment units since 2002
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.
Rue Champ Falnuée(CO) 446180 CourcellesGround area
1,308 m²
Building footprint
175 m²
Volume, LiDAR
1,219 m³
2 parcels, Wallonia · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
AUTOS SELECTION SA
since 20022.099.150.670
AUTOS SELECTION SA
since 20222.329.652.265
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52322B0036/00L013 | Wallonia | 912 m² | 1 · 115 m² | 7.2 m · 2 fl. |
| 52363D0294/00K048 | Wallonia | 396 m² | 1 · 59 m² | 11.7 m · 3 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.
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BE 0845.355.295
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A&S Automobile Court
BE 1008.204.736
Court-Saint-Etienne · Eq €3k
Timeless Car Care
BE 1011.126.515
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Of 7,377 companies in sector 95311 we hold annual accounts for 2,957. 654 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-07-2002
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
50103
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
43320Joinery installation
47522Retail trade
47529Retail trade
70200Business and other management consultancy
70220Business consulting
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.