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MASIMO

Active Private limited companyfounded 2019active for 7 yearsKortrijksestraat 55, 8020 OostkampKBO/BCE: BE 0723.599.313

Lifetime

6 annual accounts with figures on one time axis
peak €126,694 (2023)
€98,604▼ 0.7%
lowest -€25,087 (2021)
€6,570▼ 23.9%
peak €38,605 (2025)
€38,605▲ 20.5%
€287,062▼ 5.8%
Board2 names since 2019
2 directorsFITNEASY and 1 other
Documentsfilings and deeds
19-01-202612 days before the deadline
2025micro format
Equity from €32,035 to €38,605Cash from €43,525 to €11,982

Key points

from the 2025 annual accounts

Turnover

≈ €300,000 estimated

The micro format states no turnover.

Debts

€287,062 88% of the balance sheet
Financial debts 61%Suppliers 7%Taxes and wages 0%Other 32%

Of this, €111,491 falls due within a year.

Filings

6 annual accounts since 2020
deadline202020222024

The last five annual accounts were filed 1 to 42 days before the end of the period.

Checked score

88
Excellent
Financially stronger than 40% of micro companies in education (NACE 85)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 3,825 companies (NACE 85, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.2%▲ +0.1 percentage points vs 12-2024 02-2025: 0.1%▼ -0.1 percentage points vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.2%▲ +0.1 percentage points vs 10-2025 12-2025: 0.1%▼ -0.1 percentage points vs 11-2025 01-2026: 0.2%▲ +0.1 percentage points vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026highest value 11-2026: 0.2%● unchanged vs 10-2026

Financial strength
Average

37+2equity 11.9% of total assets
39-19short-term debt 34.2% · cash 3.7%
71-1return on assets 2.0%

Score breakdown

raises risk
Liquidity: current ratio 0.17, cash €11,982, halved
Equity €38,605 (11.9% of total assets)
lowers risk
Sector: Education (NACE 85)
Size: total assets €325,667
Calculation

The band follows from the bankruptcy probability. 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 85, micro). It does better than 23% of them on solvency, 21% on liquidity, 44% on profitability and 71% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 30-06-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 3,274 companies had the same profile as MASIMO has now. Each dot stands for 9 companies, two years later.

94.7%
were still trading
2.5%
stopped another way
2.5%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of MASIMO itself is lower: 0.2% within 12 months. It rests on far more data about MASIMO than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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% 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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 3,274 companies, not a prediction for MASIMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €3,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.17 (0.55 in 2024), below 1. Short-term debt is 34.2% and cash 3.7% of total assets. 88.1% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Sector: Education (NACE 85)
KBO
lowers risk · Size: total assets €325,667
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.17, cash €11,982, halved
NBB · annual accounts
raises risk · Equity €38,605 (11.9% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 2612 sector peers (2025).
NBB · sector comparison
Position among 2612 sector peers
Solvency
better than 25%
← weakest strongest →
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 2025
Equity per financial year
202122232425
2020 to 2025 · latest year €38,605
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 filings
Deviation from the deadline
2025
12 days early
2024
4 days early
2023
27 days early
2022
1 day early
2021
42 days early
2020
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 14 days before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 19 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

F
Director, Tijl Maenhout
G
Director, Gérard Sinnaeve
Board & ownership

Recent changes

Changes of role: GSI (director) and FITNEASY (director) Permanent representatives: Gérard Sinnaeve and Tijl Maenhout · General meeting of 29-11-2023 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0723599313
Registered office moved from Jabbeke to Oostkamp New registered office: KORTRIJKSESTRAAT 55, 8020 OOSTKAMP · Previous registered office: TEMPELIERSSTRAAT 4, 8490 JABBEKE · Permanent representative: SINNAEVE GERARD · General meeting of 01-09-2019 · Gazette deed
First establishment Kortrijksestraat 55, Oostkamp
All 14 events

Comparable companies

same main activity, similar in size and age
Company
MASIMO Oostkamp €325,667 €98,604 11.9% -
Physixfit Maaseik €323,336 €97,991 63.3% -
Kinesitherapie Seeuws - Nimmegeers Zottegem €296,030 €117,353 59.2% -
Coaching For Health Roeselare €407,822 €82,916 27.8% -
K² HT&O Koksijde €423,812 €77,437 97.4% -
LJKine Langemark-Poelkapelle €465,266 €90,352 43.7% -
ALAMMAX Knokke-Heist €496,923 €127,336 80.0% 0

These companies have the same main activity as MASIMO: sports and recreation education (NACE 85510). They are comparable in size and age: total assets between €296,000 and €497,000, founded between 2017 and 2020.

Official details

Source: KBO
Status
Active since 26-03-2019Normal situation
Activity
Sports and recreation educationNACE 85510and 3 others
Joint committee
314Hairdressing and beauty care · annual accounts 30-06-2025
Establishment unit
2.287.345.7168020 Oostkamp, since 01-04-2019
Financial year end
30 June
Peppol
Reachable since 24-11-2023
Company details

Annual accounts to 30-06-2025

€325,667▼ 3.3%
Filing
Filed on 19-01-2026, 12 days before the end of the filing period
Financials

Insights on MASIMO

MASIMO files the micro format. That format states no turnover. The gross margin rose from €53,247 in 2020 to €98,604 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about MASIMO

What is the company number of MASIMO?
The company number of MASIMO is 0723.599.313. The VAT number is the same number with BE in front: BE 0723.599.313.
Where is MASIMO based?
The registered office is at Kortrijksestraat 55, 8020 Oostkamp.Company details
What does MASIMO do?
According to the KBO register, the main activity is sports and recreation education (NACE 85510).
What is the legal form of MASIMO?
MASIMO is a private limited company (BV).
When was MASIMO founded?
MASIMO was founded on 26-03-2019.
Is MASIMO still active?
Yes, MASIMO is an active enterprise in the KBO register.
How many employees does MASIMO have?
MASIMO had an average of 0.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does MASIMO fall under?
In its 30-06-2025 annual accounts, MASIMO states joint committee 314 (Hairdressing and beauty care).
What is the turnover of MASIMO?
The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €98,604 and 2,667 comparable companies of the same size. It probably lies between €200,000 and €510,000. It is a rough estimate.
Is MASIMO profitable?
In financial year 2025, MASIMO made a profit of €6,570.
Where can I find the annual accounts of MASIMO?
MASIMO filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MASIMO due?
MASIMO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline

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