MASIMMO
ActiveSummary
MASIMMO has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €149,970, of which €135,670 non-recurring income. Equity is growing by about 5.2% per year across the filed financial years. Its solvency ranks better than 68% of 17,046 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €1.6m
- Profit
- €149,970
- Largest shareholder
- RIKIMMO · 40%
- Holdings
- 1
Why 95raises riskLiquidity: current ratio 23.86, cash €22,313lowers riskSize: total assets €3.0mFigures for financial year 2025 (filed 27-04-2026)Founded in 1995Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, small): better than 70% on solvency, 64% on liquidity, 42% on profitability and 73% on growth.
The bankruptcy probability was computed on 26-10-2026 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
This company filed its last 7 accounts on average 30 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Amendment of the articles · Resignations…Declaration · Director discharge ·…
- Liquidity more than doubledcurrent ratio 23.86
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 3% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.1% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 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 74.5% 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 14,766 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €135,670 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,404 | €5,586 | €8,128 | €8,128 | €8,128 | €9,036 | €12,891 | ▲ 42.7% |
| Other operating charges640/8 | - | - | - | €18,119 | €3,396 | €36,212 | €91,350 | ▲ 152% |
| Non-recurring operating charges66A | - | - | - | - | - | €12,472 | - | - |
| Gross operating margin9900 | €768,962 | €389,892 | €14,847 | €61,377 | €57,343 | €305,638 | €345,898 | ▲ 13.2% |
| Operating profit (loss)9901 | €764,045 | €383,611 | -€3,822 | €35,131 | €45,819 | €247,918 | €241,657 | ▼ 2.5% |
| Financial income75/76B | - | - | - | €57,071 | €78,470 | €71,169 | €33,597 | ▼ 52.8% |
| Recurring financial income75 | €41,343 | €51,204 | €47,132 | €51,071 | €72,470 | €71,169 | €33,597 | ▼ 52.8% |
| Non-recurring financial income76B | - | - | - | €6,000 | €6,000 | - | - | - |
| Financial charges65/66B | - | - | - | €56,984 | €101,136 | €180,271 | €118,451 | ▼ 34.3% |
| Recurring financial charges65 | €41,803 | €49,872 | €40,864 | €56,984 | €101,136 | €180,271 | €118,451 | ▼ 34.3% |
| Profit (loss) for the period before taxes9903 | €763,586 | €384,942 | €2,446 | €35,217 | €23,153 | €138,817 | €156,802 | ▲ 13.0% |
| Income taxes67/77 | €277,845 | €119,986 | €1,480 | €10,946 | €8,281 | €47,108 | €6,832 | ▼ 85.5% |
| Profit (loss) for the period9904 | €485,741 | €264,956 | €966 | €24,271 | €14,872 | €91,709 | €149,970 | ▲ 63.5% |
| Profit (loss) for the period to be appropriated9905 | €485,741 | €264,956 | €966 | €24,271 | €14,872 | €91,709 | €149,970 | ▲ 63.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.5m | €2.8m | €3.0m | €3.6m | €4.2m | €2.1m | €3.0m | ▲ 46.9% |
| Fixed assets21/28 | €0.009m | €0.2m | €0.2m | €0.2m | €0.2m | €0.5m | €0.5m | ▼ 2.7% |
| Tangible fixed assets22/27 | €0.005m | €0.2m | €0.2m | €0.2m | €0.2m | €0.5m | €0.5m | ▼ 2.8% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.5m | €0.5m | ▼ 2.8% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | - | - | - | - |
| Financial fixed assets28 | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Current assets29/58 | €2.4m | €2.6m | €2.9m | €3.5m | €4.0m | €1.6m | €2.6m | ▲ 61.5% |
| Stocks and contracts in progress3 | €2.0m | €2.2m | €2.6m | €2.0m | €3.1m | €1.0m | €2.1m | ▲ 110% |
| Stocks30/36 | - | - | - | €2.0m | €3.1m | €1.0m | €2.1m | ▲ 110% |
| Amounts receivable within one year40/41 | €0.3m | €0.4m | €0.2m | €0.5m | €0.8m | €0.6m | €0.5m | ▼ 19.5% |
| Trade receivables40 | - | - | - | - | €0.003m | €0.002m | €0.002m | ▼ 7.5% |
| Other amounts receivable41 | - | - | - | €0.5m | €0.8m | €0.6m | €0.5m | ▼ 19.6% |
| Cash at bank and in hand54/58 | €0.2m | €0.02m | €0.02m | €0.03m | €0.2m | €0.04m | €0.02m | ▼ 42.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.9m | - | €0.003m | €0.03m | ▲ 762% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.5m | €2.8m | €3.0m | €3.6m | €4.2m | €2.1m | €3.0m | ▲ 46.9% |
| Equity10/15 | €1.1m | €1.3m | €1.3m | €1.4m | €1.4m | €1.5m | €1.6m | ▲ 10.3% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €0.9m | €1.2m | €1.2m | €1.2m | €1.2m | €1.3m | €1.5m | ▲ 11.2% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €1.2m | €1.2m | €1.3m | €1.5m | ▲ 11.3% |
| Amounts payable17/49 | €1.4m | €1.5m | €1.7m | €2.3m | €2.8m | €0.6m | €1.4m | ▲ 135% |
| Amounts payable after more than one year17 | €0.9m | €1.4m | €1.6m | €1.7m | €2.7m | €0.5m | €1.3m | ▲ 185% |
| Financial debts170/4 | - | - | - | €1.7m | €2.7m | €0.5m | €1.3m | ▲ 185% |
| Amounts payable within one year42/48 | €0.4m | €0.1m | €0.1m | €0.6m | €0.1m | €0.2m | €0.1m | ▼ 28.2% |
| Financial debts43 | - | - | - | €0.5m | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0.5m | - | - | - | - |
| Trade debts44 | €0.06m | €0.05m | €0.07m | €0.05m | €0.09m | €0.09m | €0.07m | ▼ 18.1% |
| Suppliers440/4 | - | - | - | €0.05m | €0.09m | €0.09m | €0.07m | ▼ 18.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.06m | €0.04m | ▼ 41.9% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.06m | €0.04m | ▼ 41.9% |
| Other amounts payable47/48 | - | - | - | €0.05m | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.02m | - | €0.02m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €485,741 | €264,956 | €966 | €24,271 | €14,872 | €91,709 | €149,970 | ▲ 63.5% |
| + Depreciation and write-downs630 | €1,404 | €5,586 | €8,128 | €8,128 | €8,128 | €9,036 | €12,891 | ▲ 42.7% |
| Operating cash flow (approximation) | €487,145 | €270,542 | €9,094 | €32,399 | €22,999 | €100,745 | €162,861 | ▲ 61.7% |
| Investment in fixed assets (approximation) | - | -€192,693 | €0 | €0 | €0 | -€307,678 | €0 | - |
| Change in cash | - | -€167,150 | -€804 | €8,353 | €128,418 | -€115,099 | -€16,351 | ▲ 85.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 30 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 27-04-2026 | 2026-00088864 |
| 30-09-2024 | micro format | 10-03-2025 | 2025-00045765 |
| 30-09-2023 | micro format | 04-04-2024 | 2024-00057146 |
| 30-09-2022 | micro format | 31-03-2023 | 2023-00050737 |
| 30-09-2021 | micro format | 22-03-2022 | 2022-08200174 |
| 30-09-2020 | micro format | 31-03-2021 | 2021-09600523 |
| 30-09-2019 | micro format | 01-04-2020 | 2020-08200520 |
| 30-09-2018 | micro format | 29-03-2019 | 2019-08700084 |
| 30-09-2017 | micro format | 05-04-2018 | 2018-09200435 |
| 30-09-2016 | abbreviated format | 30-03-2017 | 2017-08100034 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 · 1 entry · €2,295 awarded · €2,295 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
1 ownerOwners 1
-
40%
According to the annual accounts to 30-09-2025 of MASIMMO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- Jonckheere Rik 2 shares
- Jonckheere Jamie 1,499 shares
- Jonckheere Axelle 1,499 shares
- RIKIMMO NV 2,000 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 10-11-2025 Capital stated in the deed · €123,946.76 · 5,000 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
36.5%
According to the annual accounts to 30-09-2025 of MASIMMO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
10-11
Gazette deed
Amendment of the articles · Resignations & appointmentsDeclaration · Director discharge · Share split15 facts ▸
- General meeting, 27-10-2025
- Declaration, “inlichting artikel 7:155 WVV, De vergadering verklaart door ondergetekende notaris te zijn ingelicht betreffende artikel 7:155 van het Wetboek van vennootschapp…” (deed in Dutch)
- Director discharge, KEVIN WILLEMS (notaris) (2 times)
- Board meeting, 27-10-2025
- Share split, “bestaande aandelen, splitsing” (deed in Dutch)
- Capital, €123,946.76 (2 times)
- Shareholding, 27-10-2025, “A” (deed in Dutch) (4 times)
- Shareholding, 27-10-2025, “B” (deed in Dutch)
- Amendment of the articles, 27
- Amendment of the articles
- Other provision, “coördinatie van de statuten opmaken en ondertekenen en neerlegging in vennootschapsdossier verzorgen, mandate to notary” (deed in Dutch)
- Power of attorney
- +3 further facts in this act
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0456.538.121
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31524D1447/00T000 | Flanders | 1,621 m² | 1 · 196 m² | 0.7 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het waarnemen van alle bestuursopdrachten, het uitoefenen van opdrachten en functies in andere ondernemingen of vennootschappen; Het beheer…” (deed in Dutch)
5 activities (deed in Dutch)
- Het waarnemen van alle bestuursopdrachten, het uitoefenen van opdrachten en functies in andere ondernemingen of vennootschappen
- Het beheer van een onroerend en roerend vermogen en de huurfinanciering van roerende en onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen
- De activiteiten van bouwpromotor
- Coördinatie bij bouwprojecten
- Tussenpersoon in de verkoop en verhuur van onroerende en roerende goederen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, kan worden overgebracht naar om het even welke plaats in het tweetalig gebied Brussel Hoofdstad of in het Nederlands…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- A managing director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bij gebrek aan bevestiging eindigt mandaat na afloop algemene vergadering, raad van bestuur” (deed in Dutch)“Alle handelingen nodig of dienstig tot verwezenlijking voorwerp, handelingen waarvoor alleen algemene vergadering bevoegd is” (deed in Dutch)“Andersluidende beslissing algemene vergadering, algemene vergadering kan zitpenningen toekennen” (deed in Dutch)“Alleen of gezamenlijk, kan hen op elk ogenblik ontslaan” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Hoedanigheid van de aandeelhouder die de aandelen verwerft, aandelen aangehouden door aandeelhouders-natuurlijke personen” (deed in Dutch)“Nieuwe aandelen ingeschreven door A-aandeelhouder(s) behoren van rechtswege toe aan soort A, nieuwe aandelen ingeschreven door…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Organisatie en bijeenroeping: De gewone algemene vergadering wordt jaarlijks gehouden op de twintigste februari om veertien uur. Indien die…” (deed in Dutch)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed