Masereelfonds
ActiveMasereelfonds has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €906k and a net result of €42k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 84% of 381 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +34 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▲+23
Solvency100=
Growth58=
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 6.47 against 11.03 in 2024), and 7.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Sector 94
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
92.7%
Return on assets
4.3%
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 26-07-2026, 5 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
5 d early
2024
360 d late
2023
104 d late
2022
121 d late
2021
16 d early
2020
93 d early
2019
8 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€906k▲ 4.9%
2024 · €863k
2018: €917k
2019: €834k
2020: €861k
2021: €881k
2022: €879k
2023: €867k
2024: €863k
2018 → 2025
Total assets
€977k▲ 3.2%
2024 · €947k
2018: €972k
2019: €880k
2020: €925k
2021: €954k
2022: €938k
2023: €939k
2024: €947k
2018 → 2025
Net result
€42k
2024 · €-4k
2018: €-4k
2019: €-83k
2020: €27k
2021: €20k
2022: €-2k
2023: €-12k
2024: €-4k
2018 → 2025
Working capital
€367k▼ 38.6%
2024 · €597k
2018: €573k
2019: €504k
2020: €547k
2021: €580k
2022: €588k
2023: €580k
2024: €597k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€881k-€879k▼ 0.3%€867k▼ 1.3%€863k▼ 0.5%€906k▲ 4.9%
Operating result€17k-€-9k€-1k▲ 85.9%€-25k▼ 1,832%€41k
Net result€20k-€-2k€-12k▼ 404%€-4k▲ 65.6%€42k
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 returns to profit in 2025: €41k after a loss of €25k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €977k
Fixed assets
€544k▲ 87.0%
Current assets
€434k▼ 33.9%
Equity and liabilities €977k
Equity
€906k▲ 4.9%
Debt
€72k▼ 14.4%
The debt ratio falls from 8.8% to 7.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€55k▲
2024 · €-11k
Cash flow
€57k▲
2024 · €10k
Solvency
92.7%▲
2024 · 91.2%
Current ratio
6.47▼
2024 · 11.03
Quick ratio
6.47▼
2024 · 11.03
Debt / equity
0.08▼
2024 · 0.10
ROE
4.7%▲
2024 · -0.5%
ROA
4.3%▲
2024 · -0.4%
Interest coverage
15.27▲
2024 · -12.01
Debt
€72k▼
2024 · €84k
Debt ≤ 1 year
€67k▲
2024 · €59k
Income taxes
€219
Staff costs
€337k▼
2024 · €415k
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€947k€977k▲
Fixed assets21/28€291k€544k▲
Tangible fixed assets22/27€255k€539k▲
Land and buildings22€253k€538k▲
Furniture and vehicles24€2k€908▼
Financial fixed assets28€36k€5k▼
Current assets29/58€656k€434k▼
Amounts receivable after more than one year29-€26k
Other amounts receivable291-€26k
Amounts receivable within one year40/41€35k€47k▲
Trade receivables40€405€390▼
Other amounts receivable41€35k€46k▲
Current investments50/53€324k€76k▼
Cash at bank and in hand54/58€283k€283k=
Deferred charges and accrued income490/1€14k€2k▼
Equity and liabilities
Total equity and liabilities10/49€947k€977k▲
Equity10/15€863k€906k▲
Reserves13€323k€323k=
Profit (loss) carried forward14€540k€583k▲
Amounts payable17/49€84k€72k▼
Amounts payable within one year42/48€59k€67k▲
Trade debts44€17k€28k▲
Suppliers440/4€17k€28k▲
Taxes, remuneration and social security45€42k€36k▼
Taxes450/3-€517
Remuneration and social security454/9€42k€35k▼
Accrued charges and deferred income492/3€24k€5k▼
Income statement
Code20242025
Remuneration, social security and pensions62€415k€337k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€2k€593▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€406k€394k▼
Operating profit (loss)9901€-25k€41k▲
Financial income75/76B€25k€5k▼
Recurring financial income75€25k€5k▼
Non-recurring financial income76B€80-
Financial charges65/66B€4k€4k▼
Recurring financial charges65€939€4k▲
Non-recurring financial charges66B€3k-
Profit (loss) for the period before taxes9903€-4k€43k▲
Income taxes67/77-€219
Profit (loss) for the period9904€-4k€42k▲
Profit (loss) for the period to be appropriated9905€-4k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€540k€583k▲
Profit (loss) brought forward from the previous period14P€544k€540k▼
Social balance
Average headcount (FTE)90876.5-
The notes to these accounts (11 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
26-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 360 days late
2025
31-12
Financial
Back to profitnet €42k
Net result €42k after 3 loss-making years.
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 104 days late
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 121 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €27k
Net result €27k after 2 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-83k
Net result drops to €-83k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 directors, no change since 2024
Frank Jacobs
CurrentSecretary · since 23-09-2024
Karim Zahidi
CurrentChair · since 23-09-2024
Leen Van Waes
CurrentDirector (executive) · since 23-09-2024
Philip Delmotte
CurrentTreasurer · since 23-09-2024
Angeline Van Den Rijse
CurrentDirector · since 04-12-2023
Hugo Buyssens
CurrentDirector · since 04-12-2023
+ 6 not shown in this overview
23-09-2024
Frank Jacobs: Appointed as Secretary
23-09-2024
Karim Zahidi: Appointed as Chair
23-09-2024
Leen Van Waes: Appointed as Director (executive)
23-09-2024
Philip Delmotte: Appointed as Treasurer
04-12-2023
Angeline Van Den Rijse: Appointed as Director
04-12-2023
Hugo Buyssens: Appointed as Director
04-12-2023
Kelly Franceus: Appointed as Director
04-12-2023
Kristien Merckx: Appointed as Director
04-12-2023
Nathalie Vallet: Appointed as Director
04-12-2023
Reinhard Van Gisteren: Appointed as Director
04-12-2023
Renate Coen: Appointed as Director
04-12-2023
Roland Van Syvertsen: Appointed as Director
04-12-2023
Eric Cabooter: Resigned as Director
04-12-2023
Erik Nobels: Resigned as Director
04-12-2023
Monique Van Lancker: Resigned as Director
Location & real-estate footprint
Registered office, Gent · 2 establishment units since 1975
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.
Sint-Jansvest 79000 GentGround area
445 m²
Building footprint
360 m²
Volume, LiDAR
3,701 m³
2 parcels, Flanders · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
nationaal secretariaat
since 19752.138.254.142
Sint-Jansvest 9, 9000 Gent
since 19752.138.254.241
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44803C0741/00C000 | Flanders | 236 m² | 1 · 152 m² | 11.5 m · 2 fl. |
| 44803C0743/00E000 | Flanders | 209 m² | 1 · 209 m² | 16.9 m · 4 fl. |
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.
Similar companies · same sector, comparable size
Association pour la Coopération Académique - Academic Cooperation Association
BE 0451.407.415
Brussel · Eq €902k
WALLONNE DU ROYAL SAINT - HUBERT CLUB DE BELGIQUE
BE 0478.927.602
Namur · Eq €913k
Socius – Steunpunt Sociaal-Cultureel Werk
BE 0430.838.564
Brussel · Eq €920k
Steunpunt voor Bovenlokale Cultuur
BE 0712.776.586
Brussel · Eq €921k
federation internationale des mouvements d'agriculture biologique-groupe regional europeen
BE 0881.175.417
Lidköping · Eq €886k
Of 3,125 companies in sector 94999 we hold annual accounts for 706. 489 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded16-01-1971
Fiscal year end31-12
Activities, NACEBEL
94999Other membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.