MASELA
ActiveSummary
The computed 12-month bankruptcy probability of MASELA is 2.2% (moderate). The 2024 annual accounts show equity of €8,721 and a net result of €1,529. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 18930 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability42▲+12
Solvency40▲+1
Growth22=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.93 against 0.91 in 2023; short-term debt: 84.5% and cash: 11.7% of total assets), and 84.5% of the assets are financed with debt.
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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 · 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 2024Solvency, return and age of the figures
Solvency
15.5%
Return on assets
2.7%
Age of the figures
21 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
181920222324
2018 to 2024 · latest year €8,721
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
29 d late
2022
92 d late
2020
92 d late
2019
120 d late
2018
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 71 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Turnover
€149,580▼ 15.9%
2018 · €177,922
EBIT margin
-14.3%▼ 16.9pp
2018 · 2.6%
Net result
€1,529▼ 21.9%
2023 · €1,958
Working capital
-€3,402▲ 11.9%
2023 · -€3,862
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202220232024
Turnover€149,580▼ 15.9%
Operating result-€21,364€17,809-€15,866-€257€3,067▲ 1,093%
Net result-€26,855€17,256above the sector's middle half-€16,174below the sector's middle half-€1,958within the sector's middle half€1,529within the sector's middle half▼ 21.9%
EBIT margin-14.3%▼ 16.9pp
Equity€3,279▼ 89.1%€20,535within the sector's middle half▲ 526%€5,233within the sector's middle half-€7,192within the sector's middle half▲ 37.4%€8,721within the sector's middle half▲ 21.3%
Total assets€48,719▼ 16.5%€48,791within the sector's middle half▲ 0.1%€47,513within the sector's middle half-€49,920within the sector's middle half▲ 5.1%€56,316within the sector's middle half▲ 12.8%
Debt€45,440▲ 61.0%€28,256▼ 37.8%€42,280-€42,729▲ 1.1%€47,596▲ 11.4%
Working capital-€1,233€16,795within the sector's middle half€61within the sector's middle half--€3,862within the sector's middle half-€3,402within the sector's middle half▲ 11.9%
Solvency6.7%▼ 44.9pp42.1%within the sector's middle half▲ 35.4pp11.0%within the sector's middle half-14.4%within the sector's middle half▲ 3.4pp15.5%within the sector's middle half▲ 1.1pp
Current ratio0.97▼ 0.611.59within the sector's middle half▲ 0.621.00within the sector's middle half-0.91within the sector's middle half▼ 0.090.93within the sector's middle half▲ 0.02
Return on assets (ROA)-55.1%▼ 62.7pp35.4%above the sector's middle half▲ 90.5pp-34.0%below the sector's middle half-3.9%within the sector's middle half▲ 38.0pp2.7%within the sector's middle half▼ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 1,093% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €56,316
Fixed assets
€12,122 ▲ 9.7%
Current assets
€44,194 ▲ 13.7%
Equity and liabilities €56,316
Equity
€8,721 ▲ 21.3%
Debt
€47,596 ▲ 11.4%
Debt's share of the balance-sheet total falls from 85.6% to 84.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3,748▲
2023 · €909
Cash flow
€2,211▼
2023 · €2,611
Quick ratio
0.92▲
2023 · 0.90
Debt to equity
5.46▼
2023 · 5.94
ROE
17.5%▼
2023 · 27.2%
Interest coverage
2.44▲
2023 · 0.76
Debt ≤ 1 year
€47,596▲
2023 · €42,729
Staff costs
€36,060▲
2023 · €35,069
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 4,508 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.
Annual accounts
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €149,580 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €115,434 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €48,660 | €29,659 | €31,217 | €35,069 | €36,060 | ▲ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,256 | €3,711 | €419 | €652 | €681 | ▲ 4.5% |
| Other operating charges640/8 | €594 | €180 | €1,498 | €848 | €887 | ▲ 4.6% |
| Gross operating margin9900 | €34,146 | €51,359 | €17,267 | €36,826 | €40,696 | ▲ 10.5% |
| Operating profit (loss)9901 | -€21,364 | €17,809 | -€15,866 | €257 | €3,067 | ▲ 1,093% |
| Financial income75/76B | - | - | - | €2,900 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Non-recurring financial income76B | - | - | - | €2,900 | - | - |
| Financial charges65/66B | €835 | €553 | €307 | €1,199 | €1,538 | ▲ 28.3% |
| Recurring financial charges65 | €835 | €553 | €307 | €1,199 | €1,538 | ▲ 28.3% |
| Profit (loss) for the period before taxes9903 | -€22,199 | €17,256 | -€16,174 | €1,958 | €1,529 | ▼ 21.9% |
| Income taxes67/77 | €4,656 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€26,855 | €17,256 | -€16,174 | €1,958 | €1,529 | ▼ 21.9% |
| Profit (loss) for the period to be appropriated9905 | -€26,855 | €17,256 | -€16,174 | €1,958 | €1,529 | ▼ 21.9% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,719 | €48,791 | €47,513 | €49,920 | €56,316 | ▲ 12.8% |
| Fixed assets21/28 | €7,451 | €3,740 | €5,172 | €11,054 | €12,122 | ▲ 9.7% |
| Tangible fixed assets22/27 | €7,451 | €3,740 | €5,172 | €4,520 | €5,588 | ▲ 23.6% |
| Plant, machinery and equipment23 | €821 | €599 | €1,789 | €1,486 | €1,184 | ▼ 20.3% |
| Furniture and vehicles24 | €6,522 | €3,141 | €0 | - | - | - |
| Other tangible fixed assets26 | €108 | - | €3,383 | €3,033 | €4,404 | ▲ 45.2% |
| Financial fixed assets28 | - | - | - | €6,534 | €6,534 | = |
| Current assets29/58 | €41,268 | €45,051 | €42,341 | €38,867 | €44,194 | ▲ 13.7% |
| Stocks and contracts in progress3 | €636 | €742 | €491 | €402 | €347 | ▼ 13.6% |
| Stocks30/36 | €636 | €742 | €491 | €402 | €347 | ▼ 13.6% |
| Amounts receivable within one year40/41 | €40,407 | €40,915 | €39,923 | €37,018 | €37,263 | ▲ 0.7% |
| Trade receivables40 | - | - | €46 | - | - | - |
| Other amounts receivable41 | €40,407 | €40,915 | €39,877 | €37,018 | €37,263 | ▲ 0.7% |
| Cash at bank and in hand54/58 | €225 | €2,949 | €1,667 | €1,052 | €6,585 | ▲ 526% |
| Deferred charges and accrued income490/1 | - | €445 | €260 | €396 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,719 | €48,791 | €47,513 | €49,920 | €56,316 | ▲ 12.8% |
| Equity10/15 | €3,279 | €20,535 | €5,233 | €7,192 | €8,721 | ▲ 21.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Profit (loss) carried forward14 | -€2,921 | €14,335 | -€967 | €992 | €2,521 | ▲ 154% |
| Amounts payable17/49 | €45,440 | €28,256 | €42,280 | €42,729 | €47,596 | ▲ 11.4% |
| Amounts payable after more than one year17 | €2,939 | - | - | - | - | - |
| Financial debts170/4 | €2,939 | - | - | - | - | - |
| Amounts payable within one year42/48 | €42,501 | €28,256 | €42,280 | €42,729 | €47,596 | ▲ 11.4% |
| Current portion of amounts payable after more than one year42 | €2,520 | €2,939 | - | - | - | - |
| Financial debts43 | €26,017 | €1,127 | - | - | - | - |
| Credit institutions430/8 | €4,435 | €1,127 | - | - | - | - |
| Other loans439 | €21,582 | - | - | - | - | - |
| Trade debts44 | - | €15,062 | €12,933 | €7,989 | €11,136 | ▲ 39.4% |
| Suppliers440/4 | - | €15,062 | €12,933 | €7,989 | €11,136 | ▲ 39.4% |
| Taxes, remuneration and social security45 | €5,854 | €5,294 | €4,805 | €4,832 | €5,391 | ▲ 11.6% |
| Taxes450/3 | €1,918 | €932 | €0 | - | - | - |
| Remuneration and social security454/9 | €3,936 | €4,362 | €4,805 | €4,832 | €5,391 | ▲ 11.6% |
| Other amounts payable47/48 | €8,110 | €3,833 | €24,543 | €29,908 | €31,069 | ▲ 3.9% |
| Line | 2019 | 2020 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,855 | €17,256 | -€16,174 | €1,958 | €1,529 | ▼ 21.9% |
| + Depreciation and write-downs630 | €6,256 | €3,711 | €419 | €652 | €681 | ▲ 4.5% |
| Operating cash flow (approximation) | -€20,599 | €20,967 | -€15,755 | €2,611 | €2,211 | ▼ 15.3% |
| Investment in fixed assets (approximation) | - | €0 | - | -€6,534 | -€1,750 | ▲ 73.2% |
| Change in cash | - | €2,724 | - | -€615 | €5,533 | ▲ 1,000% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €1,958
Net result €1,958 after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
31-12
Financial
Back to profitnet €17,256
Net result €17,256 after one loss-making year.
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 120 days late
2019
31-12
Financial
Weakest financial yearnet -€26,855
Net result drops to -€26,855, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
19-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 19 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Braine-le-Château · 1 establishment unit since 2015
Ground area
2,890 m²
Building footprint
1,030 m²
Volume, LiDAR
4,442 m³
2 parcels, Wallonia · tallest building 5.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Le perroquet
since 20152.238.713.082
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105B0170/00F008 | Wallonia | 1,721 m² | 1 · 936 m² | 5.8 m · 2 fl. |
| 25111A0396/00E003 | Wallonia | 1,169 m² | 1 · 94 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 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
1 siteTubize2.238.713.082
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Of 21,835 companies in this sector we hold annual accounts for 9,786. 6,560 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded22-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Contact
E-mail
serge.vanlint@gmail.comTubize
E-invoicing
Reachable via Peppol
Peppol ID
0208:0568943602
Also
9925:BE0568943602
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.