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MASETTIMMO

Active
Private limited companyfounded 20242 yrs activeChemin du Bois Brulé, Lonzée 23, 5030 Gembloux, BelgiumKBO/BCE: BE 1005.832.095
Summary

The computed 12-month bankruptcy probability of MASETTIMMO is 3.8% (moderate). The 2024 annual accounts show equity of €95,711 and a net result of €92,711. Its solvency ranks better than 24% of 6718 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability83
Solvency37
Growth-
Track record67
Bankruptcy probability, 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.89; short-term debt: 30.4% and cash: 4.8% of total assets), and 88.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 6718 sector peers (2024).
NBB · sector comparison
Position among 6718 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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 · 1 filing
Deviation from the deadline
2024
56 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 56 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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

History

MASETTIMMO was incorporated on 9 February 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€95,711
Total assets
€813,187
Net result
€92,711
Working capital
-€26,967

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €813,187
Fixed assets €592,754
Current assets €220,433
Equity and liabilities €813,187
Equity €95,711
Debt €717,476
Debt finances 88.2% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€180,078
Cash flow
€145,171
Current ratio
0.89
Debt to equity
7.50
ROE
96.9%
ROA
11.4%
Interest coverage
11.34
Debt ≤ 1 year
€247,400
Debt > 1 year
€470,076
Income taxes
€19,026
Staff costs
€42,785

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 7,976 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
Filed annual accounts As filed with the NBB · 2024 · 43 lines
Balance sheet Code2024
Assets
Total assets20/58€813,187
Fixed assets21/28€592,754
Tangible fixed assets22/27€592,754
Plant, machinery and equipment23€1,063
Leasing and similar rights25€591,691
Current assets29/58€220,433
Amounts receivable within one year40/41€145,379
Trade receivables40€142,355
Other amounts receivable41€3,024
Cash at bank and in hand54/58€38,742
Deferred charges and accrued income490/1€36,312
Equity and liabilities
Total equity and liabilities10/49€813,187
Equity10/15€95,711
Contributions10/11€3,000
Reserves13€50,000
Distributable reserves133€50,000
Profit (loss) carried forward14€42,711
Amounts payable17/49€717,476
Amounts payable after more than one year17€470,076
Financial debts170/4€470,076
Amounts payable within one year42/48€247,400
Current portion of amounts payable after more than one year42€101,083
Trade debts44€101,956
Suppliers440/4€101,956
Advances received on contracts in progress46€10,000
Taxes, remuneration and social security45€32,046
Taxes450/3€30,300
Remuneration and social security454/9€1,746
Other amounts payable47/48€2,314
Income statement Code2024
Remuneration, social security and pensions62€42,785
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52,460
Other operating charges640/8€6,617
Gross operating margin9900€229,481
Operating profit (loss)9901€127,618
Financial charges65/66B€15,881
Recurring financial charges65€15,881
Profit (loss) for the period before taxes9903€111,736
Income taxes67/77€19,026
Profit (loss) for the period9904€92,711
Profit (loss) for the period to be appropriated9905€92,711
Appropriation of the result
Profit (loss) to be appropriated9906€92,711
Transfer to equity691/2€50,000
To other reserves6921€50,000

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€42,785
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52,460
Other operating charges640/8€6,617
Gross operating margin9900€229,481
Operating profit (loss)9901€127,618
Financial charges65/66B€15,881
Recurring financial charges65€15,881
Profit (loss) for the period before taxes9903€111,736
Income taxes67/77€19,026
Profit (loss) for the period9904€92,711
Profit (loss) for the period to be appropriated9905€92,711
Line2024
Assets
Total assets20/58€813,187
Fixed assets21/28€592,754
Tangible fixed assets22/27€592,754
Plant, machinery and equipment23€1,063
Leasing and similar rights25€591,691
Current assets29/58€220,433
Amounts receivable within one year40/41€145,379
Trade receivables40€142,355
Other amounts receivable41€3,024
Cash at bank and in hand54/58€38,742
Deferred charges and accrued income490/1€36,312
Equity and liabilities
Total equity and liabilities10/49€813,187
Equity10/15€95,711
Contributions10/11€3,000
Reserves13€50,000
Distributable reserves133€50,000
Profit (loss) carried forward14€42,711
Amounts payable17/49€717,476
Amounts payable after more than one year17€470,076
Financial debts170/4€470,076
Amounts payable within one year42/48€247,400
Current portion of amounts payable after more than one year42€101,083
Trade debts44€101,956
Suppliers440/4€101,956
Advances received on contracts in progress46€10,000
Taxes, remuneration and social security45€32,046
Taxes450/3€30,300
Remuneration and social security454/9€1,746
Other amounts payable47/48€2,314
Line2024
Profit (loss) for the period9904€92,711
+ Depreciation and write-downs630€52,460
Operating cash flow (approximation)€145,171

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
25-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gembloux · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
2,218 m²
Building footprint
212 m²
Parcel 92254A0393/00N000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MASETTIMMO
Chemin du Bois Brulé, Lonzée 23, 5030 GemblouxSite preparation
since 20242.357.600.737
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92254A0393/00N000 Wallonia 2,218 m² 1 · 212 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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

Of 12,582 companies in sector 49410 we hold annual accounts for 8,205. 6,328 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded09-02-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
49410Freight transport by road
43990Other specialised construction activities
Contact
E-mail masettithomas@icloud.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:1005832095
Registered 29-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.