MASCAB
ActiveSummary
The computed 12-month bankruptcy probability of MASCAB is 6.4% (elevated). The 2025 annual accounts show equity of €250k and a net result of €28k. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 13417 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-19
Solvency53▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
6.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days only on tighter terms
Liquidity tight (current ratio 1.2 against 0.94 in 2024; short-term debt: 33.6% and cash: 27% of total assets), and 71.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.2%
Return on assets
3.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 6 filingsDeviation from the deadline
2025
25 d late
2024
28 d late
2023
8 d late
2022
27 d early
2021
30 d early
2020
3 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€250k▲ 12.8%
2024 · €222k
2020: €28klowest in 6 years
2021: €44k▲ +60.0% vs 2020
2022: €109k▲ +147% vs 2021
2023: €179k▲ +64.7% vs 2022
2024: €222k▲ +23.5% vs 2023
2025: €250k▲ +12.8% vs 2024highest in 6 years
2020 → 2025
Total assets
€886k▲ 42.5%
2024 · €622k
2020: €56klowest in 6 years
2021: €116k▲ +109% vs 2020
2022: €248k▲ +114% vs 2021
2023: €393k▲ +58.5% vs 2022
2024: €622k▲ +58.4% vs 2023
2025: €886k▲ +42.5% vs 2024highest in 6 years
2020 → 2025
Net result
€28k▼ 75.3%
2024 · €115k
2020: €24k
2021: €17k▼ -29.8% vs 2020lowest in 6 years
2022: €65k▲ +293% vs 2021
2023: €70k▲ +8.5% vs 2022
2024: €115k▲ +62.8% vs 2023highest in 6 years
2025: €28k▼ -75.3% vs 2024
2020 → 2025
Working capital
€59k
2024 · €-15k
2020: €-14k
2021: €-11k▲ +19.5% vs 2020
2022: €35k▲ +410% vs 2021
2023: €147k▲ +323% vs 2022highest in 6 years
2024: €-15k▼ -110% vs 2023lowest in 6 years
2025: €59k▲ +504% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€109k▲ 147%€179k▲ 64.7%€222k▲ 23.5%€250k▲ 12.8%
2021: €44klowest in 5 years
2022: €109k▲ +147% vs 2021
2023: €179k▲ +64.7% vs 2022
2024: €222k▲ +23.5% vs 2023
2025: €250k▲ +12.8% vs 2024highest in 5 years
Operating result€20k-€88k▲ 337%€105k▲ 18.9%€171k▲ 63.2%€57k▼ 66.4%
2021: €20klowest in 5 years
2022: €88k▲ +337% vs 2021
2023: €105k▲ +18.9% vs 2022
2024: €171k▲ +63.2% vs 2023highest in 5 years
2025: €57k▼ -66.4% vs 2024
Net result€17k-€65k▲ 293%€70k▲ 8.5%€115k▲ 62.8%€28k▼ 75.3%
2021: €17klowest in 5 years
2022: €65k▲ +293% vs 2021
2023: €70k▲ +8.5% vs 2022
2024: €115k▲ +62.8% vs 2023highest in 5 years
2025: €28k▼ -75.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €886k
Fixed assets
€530k ▲ 35.0%
Current assets
€356k ▲ 55.1%
Equity and liabilities €886k
Equity
€250k ▲ 12.8%
Debt
€636k ▲ 58.9%
Debt's share of the balance-sheet total rises from 64.4% to 71.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€182k▼
2024 · €231k
Cash flow
€153k▼
2024 · €175k
Current ratio
1.20▲
2024 · 0.94
Quick ratio
1.06▲
2024 · 0.87
Debt to equity
2.55▲
2024 · 1.81
ROE
11.3%▼
2024 · 51.8%
ROA
3.2%▼
2024 · 18.4%
Interest coverage
7.96▼
2024 · 19.99
Debt ≤ 1 year
€298k▲
2024 · €244k
Debt > 1 year
€339k▲
2024 · €156k
Income taxes
€6k▼
2024 · €45k
Staff costs
€949k▲
2024 · €571k
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€622k€886k▲
Fixed assets21/28€392k€530k▲
Tangible fixed assets22/27€387k€523k▲
Land and buildings22€44k€83k▲
Plant, machinery and equipment23€283k€364k▲
Furniture and vehicles24€35k€61k▲
Leasing and similar rights25€26k€15k▼
Financial fixed assets28€5k€7k▲
Current assets29/58€230k€356k▲
Stocks and contracts in progress3€17k€40k▲
Stocks30/36€17k€40k▲
Amounts receivable within one year40/41€64k€48k▼
Trade receivables40€11k€12k▲
Other amounts receivable41€53k€37k▼
Current investments50/53-€5k
Cash at bank and in hand54/58€148k€239k▲
Deferred charges and accrued income490/1€1k€23k▲
Equity and liabilities
Total equity and liabilities10/49€622k€886k▲
Equity10/15€222k€250k▲
Contributions10/11€4k€4k=
Reserves13€218k€246k▲
Distributable reserves133€218k€246k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€400k€636k▲
Amounts payable after more than one year17€156k€339k▲
Financial debts170/4€156k€339k▲
Amounts payable within one year42/48€244k€298k▲
Current portion of amounts payable after more than one year42€67k€138k▲
Trade debts44€63k€1k▼
Suppliers440/4€63k€1k▼
Taxes, remuneration and social security45€42k€154k▲
Taxes450/3€24k€13k▼
Remuneration and social security454/9€18k€141k▲
Other amounts payable47/48€72k€4k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€571k€949k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€125k▲
Other operating charges640/8€522€18k▲
Gross operating margin9900€803k€1.15M▲
Operating profit (loss)9901€171k€57k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€12k€23k▲
Recurring financial charges65€12k€23k▲
Profit (loss) for the period before taxes9903€159k€35k▼
Income taxes67/77€45k€6k▼
Profit (loss) for the period9904€115k€28k▼
Profit (loss) for the period to be appropriated9905€115k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€115k€28k▼
Transfer to equity691/2€42k€28k▼
To other reserves6921€42k€28k▼
Profit to be distributed694/7€72k€0▼
Return on contributions (dividend)694€72k€0▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3k | €0 | - | - |
| Remuneration, social security and pensions62 | €66k | €225k | €268k | €571k | €949k | ▲ 66.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €33k | €38k | €60k | €125k | ▲ 107% |
| Other operating charges640/8 | €2k | €2k | €9k | €522 | €18k | ▲ 3,261% |
| Gross operating margin9900 | €98k | €347k | €420k | €803k | €1.15M | ▲ 43.1% |
| Operating profit (loss)9901 | €20k | €88k | €105k | €171k | €57k | ▼ 66.4% |
| Financial income75/76B | €172 | €67 | €149 | €0 | €0 | ▼ 66.7% |
| Recurring financial income75 | €172 | €67 | €149 | €0 | €0 | ▼ 66.7% |
| Financial charges65/66B | €2k | €3k | €5k | €12k | €23k | ▲ 97.8% |
| Recurring financial charges65 | €2k | €3k | €5k | €12k | €23k | ▲ 97.8% |
| Profit (loss) for the period before taxes9903 | €18k | €85k | €100k | €159k | €35k | ▼ 78.3% |
| Income taxes67/77 | €2k | €20k | €29k | €45k | €6k | ▼ 86.1% |
| Profit (loss) for the period9904 | €17k | €65k | €70k | €115k | €28k | ▼ 75.3% |
| Profit (loss) for the period to be appropriated9905 | €17k | €65k | €70k | €115k | €28k | ▼ 75.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116k | €248k | €393k | €622k | €886k | ▲ 42.5% |
| Fixed assets21/28 | €91k | €145k | €161k | €392k | €530k | ▲ 35.0% |
| Tangible fixed assets22/27 | €91k | €145k | €161k | €387k | €523k | ▲ 34.9% |
| Land and buildings22 | - | - | - | €44k | €83k | ▲ 89.5% |
| Plant, machinery and equipment23 | €91k | €91k | €115k | €283k | €364k | ▲ 28.6% |
| Furniture and vehicles24 | - | €7k | €10k | €35k | €61k | ▲ 75.3% |
| Leasing and similar rights25 | - | €48k | €37k | €26k | €15k | ▼ 41.5% |
| Financial fixed assets28 | - | - | - | €5k | €7k | ▲ 41.0% |
| Current assets29/58 | €25k | €103k | €231k | €230k | €356k | ▲ 55.1% |
| Stocks and contracts in progress3 | €5k | €11k | €9k | €17k | €40k | ▲ 140% |
| Stocks30/36 | €5k | €11k | €9k | €17k | €40k | ▲ 140% |
| Amounts receivable within one year40/41 | €255 | €43k | €97k | €64k | €48k | ▼ 24.1% |
| Trade receivables40 | - | €1k | €45k | €11k | €12k | ▲ 4.6% |
| Other amounts receivable41 | €255 | €42k | €53k | €53k | €37k | ▼ 30.1% |
| Current investments50/53 | - | - | - | - | €5k | - |
| Cash at bank and in hand54/58 | €7k | €49k | €125k | €148k | €239k | ▲ 61.6% |
| Deferred charges and accrued income490/1 | €13k | €0 | - | €1k | €23k | ▲ 1,767% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116k | €248k | €393k | €622k | €886k | ▲ 42.5% |
| Equity10/15 | €44k | €109k | €179k | €222k | €250k | ▲ 12.8% |
| Contributions10/11 | €4k | €4k | €4k | €4k | €4k | = |
| Reserves13 | €40k | €105k | €175k | €218k | €246k | ▲ 13.0% |
| Distributable reserves133 | €40k | €105k | €175k | €218k | €246k | ▲ 13.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €72k | €139k | €213k | €400k | €636k | ▲ 58.9% |
| Amounts payable after more than one year17 | €35k | €71k | €129k | €156k | €339k | ▲ 117% |
| Financial debts170/4 | €35k | €71k | €129k | €156k | €339k | ▲ 117% |
| Amounts payable within one year42/48 | €36k | €68k | €84k | €244k | €298k | ▲ 21.8% |
| Current portion of amounts payable after more than one year42 | €10k | €20k | €43k | €67k | €138k | ▲ 106% |
| Trade debts44 | €8k | €26k | €11k | €63k | €1k | ▼ 98.4% |
| Suppliers440/4 | €8k | €26k | €11k | €63k | €1k | ▼ 98.4% |
| Taxes, remuneration and social security45 | €5k | €21k | €29k | €42k | €154k | ▲ 269% |
| Taxes450/3 | €3k | €20k | €29k | €24k | €13k | ▼ 46.1% |
| Remuneration and social security454/9 | €2k | €1k | €0 | €18k | €141k | ▲ 693% |
| Other amounts payable47/48 | €14k | €0 | - | €72k | €4k | ▼ 93.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €65k | €70k | €115k | €28k | ▼ 75.3% |
| + Depreciation and write-downs630 | €10k | €33k | €38k | €60k | €125k | ▲ 107% |
| Operating cash flow (approximation) | €26k | €98k | €108k | €175k | €153k | ▼ 12.5% |
| Investment in fixed assets (approximation) | - | €-87k | €-54k | €-291k | €-262k | ▲ 10.0% |
| Change in cash | - | €41k | €76k | €23k | €91k | ▲ 291% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2020net €115k ▲62.8%
Operating result €171k, net result €115k, both a record.
31-12
Financial
Equity above €200kEq €222k ▲23.5%
5 profitable years in a row build equity to €222k.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Equity above €150kEq €179k ▲64.7%
4 profitable years in a row build equity to €179k.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.51
Current ratio from 0.69 to 1.51.
31-12
Financial
Equity above €100kEq €109k ▲147%
3 profitable years in a row build equity to €109k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €17k ▼29.8%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mouscron · 4 establishment units since 2020
Ground area
9.4 ha
Building footprint
2,760 m²
Volume, LiDAR
2,517 m³
4 parcels, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
4 establishment units
MASCAB
since 20202.315.009.324
MASCAB
since 20212.324.604.802
MASCAB
since 20242.360.574.677
MASCAB
since 20252.374.659.869
4 parcels
Wallonia
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54006M0743/00K000 | Wallonia | 6.8 ha | 1 · 2,409 m² | - |
| 57042C0377/00V004 | Wallonia | 2.6 ha | 1 · 24 m² | - |
| 57072D0457/00G000 | Wallonia | 638 m² | 1 · 199 m² | 9.8 m · 3 fl. |
| 57003A0862/00F000 | Wallonia | 157 m² | 1 · 128 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels 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
4 sitesMouscron/Moeskroen2.374.659.869
Antoing2.360.574.677
Rumes2.315.009.324
Tournai2.324.604.802
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 6,189 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
Founded17-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56111Full-service restaurants
Contact
E-mail
info@delpiazza.be
Scores and ratios are computed by Checked and are not a credit decision.