MASDIAM
ActiveSummary
MASDIAM has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €791k and a net result of €24k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 95% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability45▼-3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 20.93 against 40.45 in 2023; short-term debt: 4.8% and cash: 0.4% of total assets), and 4.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
95.2%
Return on assets
2.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
not confirmed
2024
71 d late
2023
29 d late
2022
38 d late
2021
164 d late
2020
89 d late
2019
143 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€791k▲ 1.2%
2023 · €782k
2018: €739k
2019: €740k▲ +0.1% vs 2018
2020: €724k▼ -2.1% vs 2019lowest in 7 years
2021: €728k▲ +0.5% vs 2020
2022: €749k▲ +2.9% vs 2021
2023: €782k▲ +4.4% vs 2022
2024: €791k▲ +1.2% vs 2023highest in 7 years
2018 → 2024
Total assets
€831k▲ 3.6%
2023 · €802k
2018: €770k
2019: €740k▼ -3.9% vs 2018
2020: €727k▼ -1.7% vs 2019lowest in 7 years
2021: €739k▲ +1.6% vs 2020
2022: €767k▲ +3.7% vs 2021
2023: €802k▲ +4.5% vs 2022
2024: €831k▲ +3.6% vs 2023highest in 7 years
2018 → 2024
Net result
€24k▼ 25.7%
2023 · €33k
2018: €772khighest in 7 years
2019: €529▼ -99.9% vs 2018
2020: €-16k▼ -3078% vs 2019lowest in 7 years
2021: €14k▲ +187% vs 2020
2022: €31k▲ +127% vs 2021
2023: €33k▲ +5.4% vs 2022
2024: €24k▼ -25.7% vs 2023
2018 → 2024
Working capital
€789k▲ 1.2%
2023 · €780k
2018: €739k
2020: €724klowest value
2021: €726k▲ +0.2% vs 2020
2022: €747k▲ +2.9% vs 2021
2023: €780k▲ +4.4% vs 2022
2024: €789k▲ +1.2% vs 2023highest value
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€724k-€728k▲ 0.5%€749k▲ 2.9%€782k▲ 4.4%€791k▲ 1.2%
2020: €724klowest in 5 years
2021: €728k▲ +0.5% vs 2020
2022: €749k▲ +2.9% vs 2021
2023: €782k▲ +4.4% vs 2022
2024: €791k▲ +1.2% vs 2023highest in 5 years
Operating result€-15k-€-2k▲ 89.6%€15k€19k▲ 24.7%€-390
2020: €-15klowest in 5 years
2021: €-2k▲ +89.6% vs 2020
2022: €15k▲ +1103% vs 2021
2023: €19k▲ +24.7% vs 2022highest in 5 years
2024: €-390▼ -102% vs 2023
Net result€-16k-€14k€31k▲ 127%€33k▲ 5.4%€24k▼ 25.7%
2020: €-16klowest in 5 years
2021: €14k▲ +187% vs 2020
2022: €31k▲ +127% vs 2021
2023: €33k▲ +5.4% vs 2022highest in 5 years
2024: €24k▼ -25.7% vs 2023
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 turns negative in 2024: a loss of €390 after €19k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €831k
Fixed assets
€2k =
Current assets
€829k ▲ 3.6%
Equity and liabilities €831k
Equity
€791k ▲ 1.2%
Debt
€40k ▲ 100%
Debt's share of the balance-sheet total rises from 2.5% to 4.8%. Equity and debt are higher.
Key figures and ratios
Current ratio
20.93▼
2023 · 40.45
Quick ratio
15.23▼
2023 · 30.38
Debt to equity
0.05▲
2023 · 0.03
ROE
3.1%▼
2023 · 4.2%
ROA
2.9%▼
2023 · 4.1%
Debt ≤ 1 year
€40k▲
2023 · €20k
Income taxes
€6k▼
2023 · €10k
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€802k€831k▲
Fixed assets21/28€2k€2k=
Financial fixed assets28€2k€2k=
Current assets29/58€800k€829k▲
Amounts receivable after more than one year29€35k€35k=
Other amounts receivable291€35k€35k=
Stocks and contracts in progress3€199k€226k▲
Stocks30/36€199k€226k▲
Amounts receivable within one year40/41€527k€565k▲
Trade receivables40€40k€12k▼
Other amounts receivable41€487k€553k▲
Cash at bank and in hand54/58€38k€3k▼
Deferred charges and accrued income490/1€226-
Equity and liabilities
Total equity and liabilities10/49€802k€831k▲
Equity10/15€782k€791k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€763k€773k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€761k€771k▲
Amounts payable17/49€20k€40k▲
Amounts payable within one year42/48€20k€40k▲
Trade debts44€3k€8k▲
Suppliers440/4€3k€8k▲
Taxes, remuneration and social security45€16k€16k▼
Taxes450/3€16k€16k▼
Other amounts payable47/48-€15k
Income statement
Code20232024
Other operating charges640/8€225€116▼
Gross operating margin9900€19k€-273▼
Operating profit (loss)9901€19k€-390▼
Financial income75/76B€23k€31k▲
Recurring financial income75€23k€31k▲
Financial charges65/66B-€19
Recurring financial charges65-€19
Profit (loss) for the period before taxes9903€43k€31k▼
Income taxes67/77€10k€6k▼
Profit (loss) for the period9904€33k€24k▼
Profit (loss) for the period to be appropriated9905€33k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€24k▼
Transfer to equity691/2€33k€9k▼
To other reserves6921€33k€9k▼
Profit to be distributed694/7-€15k
Directors or managers695-€15k
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €253 | €474 | €225 | €116 | ▼ 48.2% |
| Gross operating margin9900 | €-15k | €-1k | €16k | €19k | €-273 | ▼ 101% |
| Operating profit (loss)9901 | €-15k | €-2k | €15k | €19k | €-390 | ▼ 102% |
| Financial income75/76B | - | €15k | €22k | €23k | €31k | ▲ 32.4% |
| Recurring financial income75 | €278 | €15k | €22k | €23k | €31k | ▲ 32.4% |
| Financial charges65/66B | - | €191 | €16 | - | €19 | - |
| Recurring financial charges65 | €1k | €191 | €16 | - | €19 | - |
| Profit (loss) for the period before taxes9903 | €-16k | €14k | €37k | €43k | €31k | ▼ 28.0% |
| Income taxes67/77 | €1 | - | €6k | €10k | €6k | ▼ 35.6% |
| Profit (loss) for the period9904 | €-16k | €14k | €31k | €33k | €24k | ▼ 25.7% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €14k | €31k | €33k | €24k | ▼ 25.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €727k | €739k | €767k | €802k | €831k | ▲ 3.6% |
| Fixed assets21/28 | - | €2k | €2k | €2k | €2k | = |
| Financial fixed assets28 | - | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €727k | €737k | €765k | €800k | €829k | ▲ 3.6% |
| Amounts receivable after more than one year29 | - | €35k | €35k | €35k | €35k | = |
| Other amounts receivable291 | - | €35k | €35k | €35k | €35k | = |
| Stocks and contracts in progress3 | €129k | €208k | €221k | €199k | €226k | ▲ 13.5% |
| Stocks30/36 | - | €208k | €221k | €199k | €226k | ▲ 13.5% |
| Amounts receivable within one year40/41 | €221k | €289k | €382k | €527k | €565k | ▲ 7.1% |
| Trade receivables40 | - | €10k | €11k | €40k | €12k | ▼ 70.9% |
| Other amounts receivable41 | - | €279k | €371k | €487k | €553k | ▲ 13.6% |
| Cash at bank and in hand54/58 | €378k | €204k | €126k | €38k | €3k | ▼ 91.6% |
| Deferred charges and accrued income490/1 | - | €763 | €174 | €226 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €727k | €739k | €767k | €802k | €831k | ▲ 3.6% |
| Equity10/15 | €724k | €728k | €749k | €782k | €791k | ▲ 1.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | €19k | €19k | €19k | = |
| Other1109/19 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €721k | €721k | €730k | €763k | €773k | ▲ 1.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €720k | €729k | €761k | €771k | ▲ 1.2% |
| Profit (loss) carried forward14 | €-16k | €-12k | - | - | - | - |
| Amounts payable17/49 | €3k | €11k | €18k | €20k | €40k | ▲ 100% |
| Amounts payable within one year42/48 | €3k | €11k | €18k | €20k | €40k | ▲ 100% |
| Trade debts44 | €3k | €1k | €1k | €3k | €8k | ▲ 145% |
| Suppliers440/4 | - | €1k | €1k | €3k | €8k | ▲ 145% |
| Taxes, remuneration and social security45 | - | €26 | €6k | €16k | €16k | ▼ 0.8% |
| Taxes450/3 | - | €26 | €6k | €16k | €16k | ▼ 0.8% |
| Other amounts payable47/48 | - | €10k | €10k | - | €15k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €14k | €31k | €33k | €24k | ▼ 25.7% |
| Operating cash flow (approximation) | €-16k | €14k | €31k | €33k | €24k | ▼ 25.7% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | €-174k | €-78k | €-88k | €-35k | ▲ 60.1% |
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
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 38 days late
11-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 164 days late
2021
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
21-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 143 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 84 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brussel · 1 establishment unit since 2017
Ground area
2,881 m²
Building footprint
1,028 m²
Volume, LiDAR
29,132 m³
Parcel 21822R0522/00M000, Brussels · tallest building 33.8 m, ±10 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MASDIAM
since 20172.269.994.493
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0522/00M000 | Brussels | 2,881 m² | 1 · 1,028 m² | 33.8 m · 10 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.
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Of 1,229 companies in sector 46861 we hold annual accounts for 678. 490 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 (pre-2019)
Founded28-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46861Wholesale of diamonds and other precious stones
Scores and ratios are computed by Checked and are not a credit decision.