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Masereelfonds

Active
Non-profit associationfounded 1971active for 55 yearsSint-Jansvest 7, 9000 Gent, BelgiumKBO/BCE: BE 0408.047.722
Summary

Masereelfonds has been active since 1971 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €905,692 and a net result of €42,389. Equity remains stable across the filed financial years (±0.1% per year). Its solvency ranks better than 84% of 497 sector peers (NACE 94, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
MasereelfondsActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Other membership organisations
NACE 94999
2 sites
Size
≈ €470,000turnover 2025, estimated
Staff
5.5 FTE
Equity
€905,692
Surplus
€42,389
Turnover estimated from the gross margin
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
14 members
2025 accounts 5 days early3 of 10 deeds summarised
Why 96raises risk2 of the last 3 latelowers riskLegal form: non-profit associationSector: Activities of membership organisations (NACE 94)Liquidity: current ratio 6.47, cash €283,058Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 64% of its sector peers (NACE 94, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 92.7% of total assets
Liquidity 86-1
short-term debt 6.9% · cash 29.0%
Profitability 74+56
return on assets 4.3%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (1,220 companies, NACE 94, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: 0.1%▲ +0.1 percentage points vs 12-2025highest value 02-2026: 0.1%● unchanged vs 01-2026highest value 03-2026: 0.1%● unchanged vs 02-2026highest value 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €85,000 on 30-day terms is acceptable
Liquidity ample (current ratio 6.47, compared with 11.03 in 2024, above the usual 1.5; short-term debt: 6.9% and cash: 29% of total assets), and 7.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 94, micro): better than 79% on solvency, 55% on liquidity, 67% on profitability and 57% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Legal form: non-profit association
KBO
lowers risk · Sector: Activities of membership organisations (NACE 94)
KBO
raises risk · 2 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 6.47, cash €283,058
NBB · annual accounts
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 26-07-2026, 5 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
5 days early
2024
360 days late
2023
104 days late
2022
121 days late
2021
16 days early
2020
93 days early
2019
8 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 66 days after the deadline; the sector median (NACE 94) for financial year 2024 is 29 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 November (4 of the last 5 filed years within 121 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Back to profitnet €42,389

Key points

  • Positive: Among the best 14% on equitysector median €147,707 · 497 companies €905,692 View
  • Flemish supportawarded from 2022 to 2025 €1.4m View
  • Active since 1971founded 16-01-1971 55 years View

By topic

Financials

Financial year
2025
Total assets
€977,260
Profit
€42,389
Solvency
92.7%
Total assets▲ 3.2%
Net result
20182025
Go to Financials

Board & ownership

Board
14 members
  • Karim ZahidiChair
  • Hugo BuyssensDirector
  • Kelly FranceusDirector
  • Kristien MerckxDirector
  • Nathalie ValletDirector

and 9 other directors

Go to Board & ownership

Timeline

Events
14
Since
2019
Next accounts
by 31-07-2027
  1. 12-11-2024Annual accounts filed
  2. 23-09-2024Appointments: Karim Zahidi, Frank Jacobs and 2…
  3. 12-04-2024Appointments: Karim Zahidi, Frank Jacobs and 2…
Go to Timeline

Company details

Sites
2
Legal form
Non-profit association
Activity
Other membership organisationsNACE 94999
Founded
16-01-1971
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
26
Purpose
“Progressieve sociaal-culturele vereniging, kritisch, vrij en vrank, zonder dogma's…” (deed in Dutch)
Go to Articles of association

Key facts about Masereelfonds

What is the company number of Masereelfonds?
0408.047.722. In Belgium the VAT number is the company number with BE in front: BE 0408.047.722.
Where is Masereelfonds based?
The registered office is at Sint-Jansvest 7, 9000 Gent.Company details
What does Masereelfonds do?
According to the KBO register, the main activity is other membership organisations (NACE 94999).
What is the legal form of Masereelfonds?
Non-profit association (VZW).
When was Masereelfonds founded?
On 16-01-1971.
Is Masereelfonds still active?
Yes, Masereelfonds is an active enterprise in the KBO register.
How many employees does Masereelfonds have?
On average 5.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Masereelfonds?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Masereelfonds profitable?
In financial year 2025, Masereelfonds made a profit of €42,389.
Where can I find the annual accounts of Masereelfonds?
Masereelfonds filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Masereelfonds due?
By 31-07-2027, for financial year 2026.Timeline

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