MASARE
ActiveSummary
MASARE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€37,251) and a net result of €3,242. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
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Signals
This company filed its last 6 accounts on average 8 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,798 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €55 | €57 | €64 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €505 | - |
| Other operating charges640/8 | - | €448 | €450 | €2,318 | €505 | ▼ 78.2% |
| Gross operating margin9900 | €6,936 | -€55 | -€57 | -€64 | €4,280 | ▲ 6,788% |
| Operating profit (loss)9901 | €6,488 | -€503 | -€507 | -€2,382 | €3,270 | ▲ 237% |
| Financial charges65/66B | - | €41 | €43 | €24 | €28 | ▲ 16.7% |
| Recurring financial charges65 | €293 | €41 | €43 | €24 | €28 | ▲ 16.7% |
| Profit (loss) for the period before taxes9903 | €6,195 | -€544 | -€550 | -€2,406 | €3,242 | ▲ 235% |
| Profit (loss) for the period9904 | €6,195 | -€544 | -€550 | -€2,406 | €3,242 | ▲ 235% |
| Profit (loss) for the period to be appropriated9905 | €6,195 | -€544 | -€550 | -€2,406 | €3,242 | ▲ 235% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31 | €37 | €36 | €330 | €3,799 | ▲ 1,051% |
| Current assets29/58 | €31 | €37 | €36 | €330 | €3,799 | ▲ 1,051% |
| Amounts receivable within one year40/41 | - | - | - | - | €600 | - |
| Trade receivables40 | - | - | - | - | €600 | - |
| Cash at bank and in hand54/58 | €31 | €37 | €36 | €330 | €3,199 | ▲ 869% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31 | €37 | €36 | €330 | €3,799 | ▲ 1,051% |
| Equity10/15 | -€36,993 | -€37,537 | -€38,087 | -€40,493 | -€37,251 | ▲ 8.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €20,404 | €18,592 | ▼ 8.9% |
| Capital10 | - | €18,592 | €18,592 | - | - | - |
| Issued capital100 | - | €18,592 | €18,592 | - | - | - |
| Reserves13 | €1,812 | €1,812 | €1,812 | - | €1,812 | - |
| Non-distributable reserves130/1 | - | €1,812 | €1,812 | - | €1,812 | - |
| Legal reserve130 | - | €1,812 | €1,812 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,812 | - |
| Profit (loss) carried forward14 | -€57,397 | -€57,941 | -€58,491 | -€60,897 | -€57,655 | ▲ 5.3% |
| Amounts payable17/49 | €37,024 | €37,574 | €38,123 | €40,823 | €41,050 | ▲ 0.6% |
| Amounts payable after more than one year17 | €37,024 | €37,574 | €38,123 | €38,123 | €38,123 | = |
| Financial debts170/4 | - | €37,574 | €38,123 | €38,123 | €38,123 | = |
| Amounts payable within one year42/48 | - | - | - | €2,700 | €2,927 | ▲ 8.4% |
| Trade debts44 | - | - | - | - | €27 | - |
| Suppliers440/4 | - | - | - | - | €27 | - |
| Other amounts payable47/48 | - | - | - | €2,700 | €2,900 | ▲ 7.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,195 | -€544 | -€550 | -€2,406 | €3,242 | ▲ 235% |
| Operating cash flow (approximation) | €6,195 | -€544 | -€550 | -€2,406 | €3,242 | ▲ 235% |
| Change in cash | - | €6 | -€1 | €294 | €2,869 | ▲ 876% |
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
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.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0259/00Y000 | Flanders | 1,511 m² | 1 · 735 m² | 15.4 m · 4 fl. |
| 11001C0271/00T002 | Flanders | 465 m² | 1 · 303 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
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Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.