MASIMO
ActiveSummary
MASIMO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 2053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-1
Solvency37▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.55 in 2024; short-term debt: 34.2% and cash: 3.7% of total assets), and 88.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €39k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-01-2026, 12 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
12 d early
2024
4 d early
2023
27 d early
2022
1 d early
2021
42 d early
2020
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€39k▲ 20.5%
2024 · €32k
2020: €-14k
2021: €-39k▼ -176% vs 2020lowest in 6 years
2022: €-19k▲ +52.6% vs 2021
2023: €26k▲ +237% vs 2022
2024: €32k▲ +25.2% vs 2023
2025: €39k▲ +20.5% vs 2024highest in 6 years
2020 → 2025
Total assets
€326k▼ 3.3%
2024 · €337k
2020: €498khighest in 6 years
2021: €453k▼ -9.1% vs 2020
2022: €436k▼ -3.8% vs 2021
2023: €404k▼ -7.3% vs 2022
2024: €337k▼ -16.7% vs 2023
2025: €326k▼ -3.3% vs 2024lowest in 6 years
2020 → 2025
Net result
€7k▼ 23.9%
2024 · €9k
2020: €-20k
2021: €-25k▼ -22.9% vs 2020lowest in 6 years
2022: €21k▲ +182% vs 2021
2023: €44k▲ +114% vs 2022highest in 6 years
2024: €9k▼ -80.5% vs 2023
2025: €7k▼ -23.9% vs 2024
2020 → 2025
Working capital
€-93k▼ 158%
2024 · €-36k
2020: €-22k
2021: €-47k▼ -113% vs 2020
2022: €-42k▲ +9.8% vs 2021
2023: €-12k▲ +71.5% vs 2022highest in 6 years
2024: €-36k▼ -197% vs 2023
2025: €-93k▼ -158% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-39k-€-19k▲ 52.6%€26k€32k▲ 25.2%€39k▲ 20.5%
2021: €-39klowest in 5 years
2022: €-19k▲ +52.6% vs 2021
2023: €26k▲ +237% vs 2022
2024: €32k▲ +25.2% vs 2023
2025: €39k▲ +20.5% vs 2024highest in 5 years
Operating result€-17k-€28k€54k▲ 95.0%€20k▼ 62.9%€16k▼ 17.8%
2021: €-17klowest in 5 years
2022: €28k▲ +258% vs 2021
2023: €54k▲ +95.0% vs 2022highest in 5 years
2024: €20k▼ -62.9% vs 2023
2025: €16k▼ -17.8% vs 2024
Net result€-25k-€21k€44k▲ 114%€9k▼ 80.5%€7k▼ 23.9%
2021: €-25klowest in 5 years
2022: €21k▲ +182% vs 2021
2023: €44k▲ +114% vs 2022highest in 5 years
2024: €9k▼ -80.5% vs 2023
2025: €7k▼ -23.9% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €326k
Fixed assets
€307k ▲ 4.8%
Current assets
€19k ▼ 57.1%
Equity and liabilities €326k
Equity
€39k ▲ 20.5%
Debt
€287k ▼ 5.8%
Debt's share of the balance-sheet total falls from 90.5% to 88.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78k▼
2024 · €80k
Cash flow
€68k▼
2024 · €68k
Current ratio
0.17▼
2024 · 0.55
Debt to equity
7.44▼
2024 · 9.51
ROE
17.0%▼
2024 · 27.0%
ROA
2.0%▼
2024 · 2.6%
Interest coverage
7.91▲
2024 · 7.04
Debt ≤ 1 year
€111k▲
2024 · €80k
Debt > 1 year
€175k▼
2024 · €225k
Staff costs
€16k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€337k€326k▼
Fixed assets21/28€293k€307k▲
Tangible fixed assets22/27€290k€297k▲
Land and buildings22-€24k
Plant, machinery and equipment23€174k€138k▼
Furniture and vehicles24€3k€5k▲
Leasing and similar rights25€114k€130k▲
Financial fixed assets28€3k€10k▲
Current assets29/58€44k€19k▼
Amounts receivable within one year40/41€300€7k▲
Trade receivables40-€1k
Other amounts receivable41€300€6k▲
Cash at bank and in hand54/58€44k€12k▼
Equity and liabilities
Total equity and liabilities10/49€337k€326k▼
Equity10/15€32k€39k▲
Contributions10/11€19k€19k=
Reserves13€13k€20k▲
Distributable reserves133€13k€20k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€305k€287k▼
Amounts payable after more than one year17€225k€175k▼
Financial debts170/4€225k€175k▼
Amounts payable within one year42/48€80k€111k▲
Current portion of amounts payable after more than one year42€75k€81k▲
Trade debts44€2k€19k▲
Suppliers440/4€2k€19k▲
Taxes, remuneration and social security45€3k€1k▼
Taxes450/3€3k€199▼
Remuneration and social security454/9-€1k
Other amounts payable47/48-€10k
Accrued charges and deferred income492/3-€103
Income statement
Code20242025
Remuneration, social security and pensions62€15k€16k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€60k€61k▲
Other operating charges640/8€5k€5k▲
Gross operating margin9900€99k€99k▼
Operating profit (loss)9901€20k€16k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€9k€7k▼
Profit (loss) for the period9904€9k€7k▼
Profit (loss) for the period to be appropriated9905€9k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€7k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€15k€0▼
Transfer to equity691/2€9k€7k▼
To other reserves6921€9k€7k▼
Profit to be distributed694/7€15k€0▼
Return on contributions (dividend)694€15k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €12k | €9k | €15k | €16k | ▲ 8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57k | €58k | €59k | €60k | €61k | ▲ 2.6% |
| Other operating charges640/8 | - | €4k | €4k | €5k | €5k | ▲ 0.1% |
| Gross operating margin9900 | €48k | €101k | €127k | €99k | €99k | ▼ 0.7% |
| Operating profit (loss)9901 | €-17k | €28k | €54k | €20k | €16k | ▼ 17.8% |
| Financial income75/76B | - | €0 | €4 | €0 | - | - |
| Recurring financial income75 | €242 | €0 | €4 | €0 | - | - |
| Financial charges65/66B | - | €7k | €10k | €11k | €10k | ▼ 13.2% |
| Recurring financial charges65 | €8k | €7k | €10k | €11k | €10k | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €-25k | €21k | €44k | €9k | €7k | ▼ 23.9% |
| Profit (loss) for the period9904 | €-25k | €21k | €44k | €9k | €7k | ▼ 23.9% |
| Profit (loss) for the period to be appropriated9905 | €-25k | €21k | €44k | €9k | €7k | ▼ 23.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €453k | €436k | €404k | €337k | €326k | ▼ 3.3% |
| Fixed assets21/28 | €440k | €401k | €347k | €293k | €307k | ▲ 4.8% |
| Tangible fixed assets22/27 | €437k | €398k | €344k | €290k | €297k | ▲ 2.5% |
| Land and buildings22 | - | - | - | - | €24k | - |
| Plant, machinery and equipment23 | - | €235k | €205k | €174k | €138k | ▼ 20.8% |
| Furniture and vehicles24 | - | €5k | €4k | €3k | €5k | ▲ 107% |
| Leasing and similar rights25 | - | €158k | €136k | €114k | €130k | ▲ 14.6% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €10k | ▲ 238% |
| Current assets29/58 | €13k | €35k | €57k | €44k | €19k | ▼ 57.1% |
| Amounts receivable within one year40/41 | €3k | €13k | €300 | €300 | €7k | ▲ 2,178% |
| Trade receivables40 | - | €0 | - | - | €1k | - |
| Other amounts receivable41 | - | €13k | €300 | €300 | €6k | ▲ 1,770% |
| Cash at bank and in hand54/58 | €9k | €21k | €57k | €44k | €12k | ▼ 72.5% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €453k | €436k | €404k | €337k | €326k | ▼ 3.3% |
| Equity10/15 | €-39k | €-19k | €26k | €32k | €39k | ▲ 20.5% |
| Contributions10/11 | - | €6k | €6k | €19k | €19k | = |
| Reserves13 | - | - | €19k | €13k | €20k | ▲ 48.9% |
| Distributable reserves133 | - | - | €19k | €13k | €20k | ▲ 48.9% |
| Profit (loss) carried forward14 | €-46k | €-25k | €0 | €0 | €0 | - |
| Amounts payable17/49 | €492k | €454k | €378k | €305k | €287k | ▼ 5.8% |
| Amounts payable after more than one year17 | €432k | €377k | €309k | €225k | €175k | ▼ 22.0% |
| Financial debts170/4 | - | €377k | €309k | €225k | €175k | ▼ 22.0% |
| Amounts payable within one year42/48 | €60k | €77k | €69k | €80k | €111k | ▲ 39.9% |
| Current portion of amounts payable after more than one year42 | - | €72k | €67k | €75k | €81k | ▲ 8.7% |
| Trade debts44 | €3k | €5k | €1k | €2k | €19k | ▲ 740% |
| Suppliers440/4 | - | €5k | €1k | €2k | €19k | ▲ 740% |
| Taxes, remuneration and social security45 | - | - | €840 | €3k | €1k | ▼ 57.6% |
| Taxes450/3 | - | - | €840 | €3k | €199 | ▼ 93.1% |
| Remuneration and social security454/9 | - | - | - | - | €1k | - |
| Other amounts payable47/48 | - | - | - | - | €10k | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €103 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-25k | €21k | €44k | €9k | €7k | ▼ 23.9% |
| + Depreciation and write-downs630 | €57k | €58k | €59k | €60k | €61k | ▲ 2.6% |
| Operating cash flow (approximation) | €32k | €78k | €103k | €68k | €68k | ▼ 0.7% |
| Investment in fixed assets (approximation) | - | €-19k | €-5k | €-6k | €-75k | ▼ 1,261% |
| Change in cash | - | €12k | €35k | €-13k | €-32k | ▼ 142% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2020net €44k ▲114%
Operating result €54k, net result €44k, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Oostkamp · 1 establishment unit since 2019
Ground area
747 m²
Building footprint
152 m²
Volume, LiDAR
1,490 m³
Parcel 31022I0631/00L006, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kortrijksestraat 55, 8020 Oostkamp
since 20192.287.345.716
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31022I0631/00L006 | Flanders | 747 m² | 1 · 152 m² | 15.2 m · 3 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,420 EUR awarded · 2,420 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,420 EUR | 2,420 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Similar companies · same sector, comparable size
Chup
BE 1003.692.850
Harelbeke · Eq €38,547
MANVA
BE 0506.671.481
Schilde · Eq €38,404
P&T De Vloer
BE 0774.350.307
Kampenhout · Eq €38,918
HENRY GROUP
BE 0880.525.319
Jabbeke · Eq €38,102
GOLDPHIELD
BE 0807.009.613
Aartselaar · Eq €39,167
Of 13,496 companies in sector 85510 we hold annual accounts for 720. 595 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
Founded26-03-2019
Fiscal year end30-06
Activities, NACEBEL 2025
85510Sports and recreation education
93130Fitness centres
93110Operation of sports facilities
93199Other sports activities
Scores and ratios are computed by Checked and are not a credit decision.