Masergy Invest Brussels
ActiveMasergy Invest Brussels has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.53M and a net result of €125k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 61% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▲+4
Solvency77▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity ample (current ratio 13.09 against 15.91 in 2024; short-term debt: 4.8% and cash: 2% of total assets), and 48% 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
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 68
Relative position
BE, all sectors
reference
Sector 68
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
52%
Return on assets
0.7%
Age of the figures
9 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 29-07-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
3 d early
2023
on the day
2022
8 d early
2021
20 d early
2020
16 d early
2019
23 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€125k▲ 99.6%
2024 · €63k
2018: €112k
2019: €224k
2020: €391k
2021: €398k
2022: €262k
2023: €144k
2024: €63k
2018 → 2025
Working capital
€10.59M▼ 1.9%
2024 · €10.80M
2018: €5.47M
2019: €12.36M
2020: €12.45M
2021: €12.52M
2022: €14.52M
2023: €11.33M
2024: €10.80M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11.93M-€12.19M▲ 2.2%€9.34M▼ 23.4%€9.40M▲ 0.7%€9.53M▲ 1.3%
Operating result€329k-€370k▲ 12.4%€350k▼ 5.3%€236k▼ 32.5%€290k▲ 22.6%
Net result€398k-€262k▼ 34.1%€144k▼ 45.1%€63k▼ 56.5%€125k▲ 99.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18.33M
Fixed assets
€6.86M▼ 2.4%
Current assets
€11.47M▼ 0.5%
Equity and liabilities €18.33M
Equity
€9.53M▲ 1.3%
Provisions
€792k▼ 4.7%
Debt
€8.02M▼ 3.7%
The debt ratio falls from 44.9% to 43.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€592k▲
2024 · €501k
Cash flow
€427k▲
2024 · €327k
Solvency
52.0%▲
2024 · 50.7%
Current ratio
13.09▼
2024 · 15.91
Quick ratio
13.09▼
2024 · 15.91
Debt / equity
0.84▼
2024 · 0.89
ROE
1.3%▲
2024 · 0.7%
ROA
0.7%▲
2024 · 0.3%
Interest coverage
2.13▲
2024 · 1.70
Debt
€8.02M▼
2024 · €8.32M
Debt ≤ 1 year
€877k▲
2024 · €724k
Debt > 1 year
€6.77M▼
2024 · €7.15M
Income taxes
€85k▲
2024 · €73k
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€18.56M€18.33M▼
Fixed assets21/28€7.03M€6.86M▼
Tangible fixed assets22/27€7.03M€6.86M▼
Land and buildings22€6.68M€6.54M▼
Plant, machinery and equipment23€350k€327k▼
Current assets29/58€11.52M€11.47M▼
Amounts receivable after more than one year29€10.74M€180k▼
Trade receivables290€270k€180k▼
Other amounts receivable291€10.47M-
Amounts receivable within one year40/41€377k€10.89M▲
Trade receivables40€185k€230k▲
Other amounts receivable41€191k€10.66M▲
Current investments50/53€200€200▼
Cash at bank and in hand54/58€404k€358k▼
Deferred charges and accrued income490/1€6k€47k▲
Equity and liabilities
Total equity and liabilities10/49€18.56M€18.33M▼
Equity10/15€9.40M€9.53M▲
Contributions10/11€5.67M€5.67M=
Capital10€5.67M€5.67M=
Issued capital100€5.67M€5.67M=
Reserves13€2.83M€2.72M▼
Non-distributable reserves130/1€212k€224k▲
Legal reserve130€212k€224k▲
Tax-exempt reserves132€2.51M€2.40M▼
Distributable reserves133€103k€103k=
Profit (loss) carried forward14€902k€1.13M▲
Provisions and deferred taxes16€831k€792k▼
Deferred taxes168€831k€792k▼
Amounts payable17/49€8.32M€8.02M▼
Amounts payable after more than one year17€7.15M€6.77M▼
Financial debts170/4€6.38M€6.00M▼
Other amounts payable178/9€771k€771k=
Amounts payable within one year42/48€724k€877k▲
Current portion of amounts payable after more than one year42€375k€375k=
Financial debts43€68k€64k▼
Credit institutions430/8€68k€64k▼
Trade debts44€92k€96k▲
Suppliers440/4€92k€96k▲
Advances received on contracts in progress46€144k€146k▲
Taxes, remuneration and social security45€5k€12k▲
Taxes450/3€5k€12k▲
Other amounts payable47/48€40k€183k▲
Accrued charges and deferred income492/3€455k€368k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€264k€302k▲
Other operating charges640/8€68k€70k▲
Gross operating margin9900€568k€662k▲
Operating profit (loss)9901€236k€290k▲
Financial income75/76B€184k€160k▼
Recurring financial income75€184k€160k▼
Financial charges65/66B€324k€278k▼
Recurring financial charges65€295k€278k▼
Non-recurring financial charges66B€29k-
Profit (loss) for the period before taxes9903€96k€171k▲
Transfer from deferred taxes780€39k€39k=
Income taxes67/77€73k€85k▲
Profit (loss) for the period9904€63k€125k▲
Transfer from tax-exempt reserves789€117k€117k=
Profit (loss) for the period to be appropriated9905€180k€242k▲
Appropriation of the result
Profit (loss) to be appropriated9906€911k€1.14M▲
Profit (loss) brought forward from the previous period14P€732k€902k▲
Transfer to equity691/2€9k€12k▲
To the legal reserve6920€9k€12k▲
The notes to these accounts (13 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €63k ▼56.5%
Net result drops to €63k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 15.91
Current ratio from 4.12 to 15.91; short-term debt falls from €3.63M to €724k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €398k ▲1.8%
Net result €398k, the highest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 3.49
Current ratio from 1.70 to 3.49; short-term debt falls from €7.83M to €4.97M.
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
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-07-2025
PRIME RETAIL CONSULTANTS: Resigned as Director
06-01-2022
PROWINKO BELGIE HOLDING: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2018
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.
Louizalaan 321050 BrusselGround area
1,004 m²
Building footprint
1,003 m²
Volume, LiDAR
17,294 m³
Parcel 21009A0364/00W000, Brussels · tallest building 23.8 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Masergy Invest Brussels
since 20182.283.955.763
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0364/00W000 | Brussels | 1,004 m² | 1 · 1,003 m² | 23.8 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,139 companies in sector 68201 we hold annual accounts for 6,767. 2,248 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-12-2018
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.