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MASELA

Active
Private limited company (pre-2019)founded 201511 yrs activeRue du Try(W-B) 10, 1440 Braine-le-Château, BelgiumKBO/BCE: BE 0568.943.602
Summary

The computed 12-month bankruptcy probability of MASELA is 4.3% (elevated). 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 18932 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MASELAActiveChecked score 48/100
Risk analysis ReportCompare

Overview

Activity
Limited-service restaurants, excluding mobile food services
NACE 56112Limited-service restaurants NACE 56102
#10 oldest company in Braine-le-Château, Accommodation and food service sector1 site
Size
€56,316total assets 2024
Equity
€8,721
Profit
€1,529
Financial health
48 Fair Checked score 2024
Bankruptcy chance 12 m
4.3%
Structure
Accounts 64 d overdue0 of 5 deeds read
Why 48- Figures for FY 2024 (filed 04-09-2025)- Sector Food and beverage service activities (NACE 56)- 1 financial year not filed after the legal deadline; latest accounts 31 days late; 2 of the last 3 late+ Founded in 2015Show the evidence

Checked score

Score 2024
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 38% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 40+1
equity 15.5% of total assets
Liquidity 18+13
short-term debt 84.5% · cash 11.7%
Profitability 42+12
return on assets 2.7%
Bankruptcy probability, 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (23,449 companies)
Last 22 months 01-2025: 3.2% 02-2025: 3.2%● 0.0% vs 01-2025 03-2025: 3.2%▲ +0.4% vs 02-2025 04-2025: 3.3%▲ +1.7% vs 03-2025 05-2025: 3.2%▼ -1.0% vs 04-2025 06-2025: 3.1%▼ -3.4% vs 05-2025 07-2025: 2.8%▼ -9.8% vs 06-2025 08-2025: 3.5%▲ +23.9% vs 07-2025 09-2025: 4.0%▲ +14.8% vs 08-2025 10-2025: 2.3%▼ -41.9% vs 09-2025 11-2025: 2.4%▲ +1.2% vs 10-2025 12-2025: 2.4%● 0.0% vs 11-2025 01-2026: 2.4%▲ +0.7% vs 12-2025 02-2026: 2.3%▼ -2.6% vs 01-2026 03-2026: 2.3%▼ -1.2% vs 02-2026 04-2026: 2.3%▲ +0.5% vs 03-2026 05-2026: 2.2%▼ -5.1% vs 04-2026 06-2026: 2.1%▼ -3.1% vs 05-2026lowest value 07-2026: 2.1%▲ +1.3% vs 06-2026 08-2026: 3.0%▲ +39.5% vs 07-2026 09-2026: 3.4%▲ +12.3% vs 08-2026 10-2026: 4.3%▲ +26.7% vs 09-2026highest value
  • Figures for FY 2024 (filed 04-09-2025) raises the probability
  • Sector Food and beverage service activities (NACE 56) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 31 days late; 2 of the last 3 late raises the probability
  • Founded in 2015 lowers the probability for this profile
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.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 38%, liquidity 15%, profitability 32%, growth against the median 66%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 04-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Food and beverage service activities (NACE 56)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 31 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 2015
In the bankruptcy model this factor lowers the probability for this profile.
KBO
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 2024
Equity 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 filings
Deviation 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Back to profitnet €1,958

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View
  • Positive: Oldest company in Braine-le-Château, Accommodation and food service…in the Checked rankings #10 View
  • Total assets 20246 fiscal years filed €56,316 View

By topic

Financials

Fiscal year
2024
Total assets
€56,316
Profit
€1,529
Solvency
15.5%
Turnover▼ 15.9%
Net result
20182019
Go to Financials

Timeline

Events
12
Since
2016
  1. 31-08-2025Annual accounts filed
  2. 29-08-2024Annual accounts filed
  3. 31-12-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Limited-service restaurants, excluding mobile food servicesNACE 56112
Founded
22-01-2015
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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