MASIM
ActiveMASIM has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.46M and a net result of €162k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 66% of 13936 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+1
Solvency76▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.59 against 1.32 in 2024; short-term debt: 16.6% and cash: 1.1% of total assets), and 48.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
51.4%
Return on assets
5.7%
Age of the figures
9 mo
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
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 20-03-2026, 133 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
133 d early
2024
93 d early
2023
120 d early
2022
96 d early
2021
135 d early
2020
134 d early
2019
133 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.46M▲ 12.5%
2024 · €1.30M
2018: €438k
2019: €624k
2020: €680k
2021: €878k
2022: €921k
2023: €1.09M
2024: €1.30M
2018 → 2025
Total assets
€2.84M▲ 44.3%
2024 · €1.97M
2018: €966k
2019: €1.09M
2020: €1.23M
2021: €1.43M
2022: €1.60M
2023: €1.86M
2024: €1.97M
2018 → 2025
Net result
€162k▼ 19.9%
2024 · €202k
2018: €154k
2019: €186k
2020: €56k
2021: €198k
2022: €43k
2023: €173k
2024: €202k
2018 → 2025
Working capital
€-192k
2024 · €119k
2018: €-110k
2019: €-67k
2020: €-142k
2021: €-55k
2022: €-19k
2023: €-17k
2024: €119k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€878k-€921k▲ 4.9%€1.09M▲ 18.7%€1.30M▲ 18.5%€1.46M▲ 12.5%
Operating result€90k-€105k▲ 17.2%€98k▼ 6.6%€131k▲ 33.8%€123k▼ 5.9%
Net result€198k-€43k▼ 78.1%€173k▲ 299%€202k▲ 17.1%€162k▼ 19.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.84M
Fixed assets
€2.56M▲ 73.6%
Current assets
€280k▼ 43.3%
Equity and liabilities €2.84M
Equity
€1.46M▲ 12.5%
Debt
€1.38M▲ 106%
The debt ratio rises from 34.1% to 48.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€180k▼
2024 · €180k
Cash flow
€219k▼
2024 · €251k
Solvency
51.4%▼
2024 · 65.9%
Current ratio
0.59▼
2024 · 1.32
Quick ratio
0.59▼
2024 · 1.32
Debt / equity
0.95▲
2024 · 0.52
ROE
11.1%▼
2024 · 15.6%
ROA
5.7%▼
2024 · 10.3%
Interest coverage
5.83▲
2024 · 4.98
Debt
€1.38M▲
2024 · €670k
Debt ≤ 1 year
€471k▲
2024 · €374k
Debt > 1 year
€894k▲
2024 · €277k
Income taxes
€49k▼
2024 · €62k
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€1.97M€2.84M▲
Fixed assets21/28€1.47M€2.56M▲
Tangible fixed assets22/27€1.30M€1.51M▲
Land and buildings22€1.30M€1.51M▲
Financial fixed assets28€172k€1.05M▲
Current assets29/58€493k€280k▼
Amounts receivable within one year40/41-€17k
Other amounts receivable41-€17k
Current investments50/53€470k€230k▼
Cash at bank and in hand54/58€23k€30k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€1.97M€2.84M▲
Equity10/15€1.30M€1.46M▲
Contributions10/11€6k€6k=
Reserves13€1.31M€1.47M▲
Tax-exempt reserves132€125k€88k▼
Distributable reserves133€1.18M€1.38M▲
Profit (loss) carried forward14€-19k€-19k=
Amounts payable17/49€670k€1.38M▲
Amounts payable after more than one year17€277k€894k▲
Financial debts170/4€277k€894k▲
Amounts payable within one year42/48€374k€471k▲
Current portion of amounts payable after more than one year42€61k€116k▲
Trade debts44€11k€6k▼
Suppliers440/4€11k€6k▼
Taxes, remuneration and social security45€16k€11k▼
Taxes450/3€16k€11k▼
Other amounts payable47/48€286k€338k▲
Accrued charges and deferred income492/3€19k€14k▼
Income statement
Code20242025
Non-recurring operating income76A€27k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€57k▲
Other operating charges640/8€8k€38k▲
Gross operating margin9900€189k€218k▲
Operating profit (loss)9901€131k€123k▼
Financial income75/76B€169k€119k▼
Recurring financial income75€169k€118k▼
Non-recurring financial income76B-€881
Financial charges65/66B€36k€31k▼
Recurring financial charges65€36k€31k▼
Profit (loss) for the period before taxes9903€264k€211k▼
Income taxes67/77€62k€49k▼
Profit (loss) for the period9904€202k€162k▼
Transfer from tax-exempt reserves789€127k€38k▼
Transfer to tax-exempt reserves689€63k-
Profit (loss) for the period to be appropriated9905€266k€199k▼
Appropriation of the result
Profit (loss) to be appropriated9906€248k€181k▼
Profit (loss) brought forward from the previous period14P€-19k€-19k=
Transfer to equity691/2€266k€199k▼
To other reserves6921€266k€199k▼
The notes to these accounts (10 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
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €202k ▲17.1%
Net result €202k, the highest in the series.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €1MEq €1.09M ▲18.7%
6 profitable years in a row build equity to €1.09M.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €43k ▼78.1%
Net result drops to €43k, the lowest in the series; recovery starts the following year.
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €500kEq €624k ▲42.5%
2 profitable years in a row build equity to €624k.
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Zonnebeke · 1 establishment unit since 2014
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.
Passendalestraat 1798980 ZonnebekeGround area
640 m²
Building footprint
113 m²
Volume, LiDAR
764 m³
Parcel 33019D0667/00V000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MASIM
since 20142.230.146.695
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33019D0667/00V000 | Flanders | 640 m² | 1 · 113 m² | 9.2 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500K4O9PZO6E2NB82
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Of 12,016 companies in sector 68203 we hold annual accounts for 5,982. 3,884 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-03-2014
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
64200Holdings
64210Activities of holding companies
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.