MASEA
ActiveMASEA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €3k. Equity is growing by ~30.3% per year across the filed fiscal years. Its solvency ranks better than 61% of 9384 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
93
/ 100
Excellent▲ +4 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-31
Solvency100▲+27
Growth52▼-26
Stability94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.96 against 1.26 in 2024), and 35.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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 2025Solvency, return and age of the figures
Solvency
64.8%
Return on assets
8.9%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-03-2026, 128 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
128 d early
2024
2 d early
2023
2 d early
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▲ 16.0%
2024 · €19k
2023: €11k
2024: €19k
2023 → 2025
Total assets
€34k▼ 19.8%
2024 · €43k
2023: €53k
2024: €43k
2023 → 2025
Net result
€3k▼ 64.1%
2024 · €9k
2023: €6k
2024: €9k
2023 → 2025
Working capital
€22k▲ 275%
2024 · €6k
2023: €-17k
2024: €6k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€11k-€19k▲ 80.6%€22k▲ 16.0%
Operating result€8k-€12k▲ 51.6%€7k▼ 43.5%
Net result€6k-€9k▲ 52.1%€3k▼ 64.1%
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 44% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34k
Fixed assets
€425▼ 97.0%
Current assets
€34k▲ 17.8%
Equity and liabilities €34k
Equity
€22k▲ 16.0%
Debt
€12k▼ 48.9%
The debt ratio falls from 55.2% to 35.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€7k▼
2024 · €26k
Cash flow
€3k▼
2024 · €22k
Solvency
64.8%▲
2024 · 44.8%
Current ratio
2.96▲
2024 · 1.26
Quick ratio
2.96▲
2024 · 1.26
Debt / equity
0.54▼
2024 · 1.23
ROE
13.8%▼
2024 · 44.6%
ROA
8.9%▼
2024 · 20.0%
Interest coverage
3.23▼
2024 · 25.34
Debt
€12k▼
2024 · €24k
Debt ≤ 1 year
€11k▼
2024 · €23k
Income taxes
€2k▼
2024 · €3k
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€43k€34k▼
Fixed assets21/28€14k€425▼
Tangible fixed assets22/27€14k€425▼
Furniture and vehicles24€14k€425▼
Current assets29/58€29k€34k▲
Amounts receivable within one year40/41€11€1k▲
Trade receivables40€0-
Other amounts receivable41€11€1k▲
Cash at bank and in hand54/58€27k€32k▲
Deferred charges and accrued income490/1€1k€148▼
Equity and liabilities
Total equity and liabilities10/49€43k€34k▼
Equity10/15€19k€22k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€14k€17k▲
Amounts payable17/49€24k€12k▼
Amounts payable within one year42/48€23k€11k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€469€3k▲
Suppliers440/4€469€3k▲
Taxes, remuneration and social security45€4k€1k▼
Taxes450/3€4k€1k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€18k€7k▼
Accrued charges and deferred income492/3€853€634▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€155▼
Other operating charges640/8€485€414▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€26k€10k▼
Operating profit (loss)9901€12k€7k▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€11k€5k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€9k€3k▼
Profit (loss) for the period to be appropriated9905€9k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€17k▲
Profit (loss) brought forward from the previous period14P€6k€14k▲
The notes to these accounts (7 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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €3k ▼64.1%
Net result drops to €3k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 2.96
Current ratio from 1.26 to 2.96; short-term debt falls from €23k to €11k.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €9k ▲52.1%
Operating result €12k, net result €9k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.26
Current ratio from 0.60 to 1.26; short-term debt falls from €42k to €23k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Saint-Georges-sur-Meuse · 1 establishment unit since 2022
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 Solovaz 114470 Saint-Georges-sur-MeuseGround area
2,727 m²
Building footprint
665 m²
Volume, LiDAR
904 m³
2 parcels, Wallonia · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MaseA
since 20222.339.476.979
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64065A1675/00F000 | Wallonia | 1,502 m² | 1 · 94 m² | 10.5 m · 3 fl. |
| 61031B0619/00Z003 | Wallonia | 1,224 m² | 1 · 571 m² | - |
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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Of 18,208 companies in sector 71111 we hold annual accounts for 6,292. 4,598 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2022
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:christophewidart@hotmail.com
Phone:+32486387848