Financials
- Fiscal year
- 2025
- Total assets
- €52,071
- Loss
- -€58,566
- Solvency
- -69.6%
Total assets▼ 7.4%
Net result
20202025
Masinope
ActiveSummary
The computed 12-month bankruptcy probability of Masinope is 6.4% (elevated). The 2025 annual accounts show negative equity (-€36,231) and a net result of -€58,566. Equity is shrinking by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 34931 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
Size
€52,071total assets 2025
- Equity
- -€36,231
- Loss
- -€58,566
Turnover not published (abridged schema)
Structure
- Parent
- TILEVATE · 65%
Accounts filed 21 d late0 of 5 deeds read
Why 32- 2 changes of registered office in 24 months- Negative equity -€36,231+ Sector Activities of head offices; management consultancy activities (NACE 70)+ Size: total assets €52,071Show the evidence
Checked score
Score 2025
32
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 3% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
0-65
equity -69.6% of total assets
Liquidity
5-16
short-term debt 143.0% · cash 3.6%
Profitability
0-60
return on assets -112.5%
Bankruptcy probability, 12 months
6.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 13 months
10-2025: 1.3%lowest value
11-2025: 3.6%▲ +168% vs 10-2025
12-2025: 3.6%● 0.0% vs 11-2025
01-2026: 3.5%▼ -0.5% vs 12-2025
02-2026: 3.5%● 0.0% vs 01-2026
03-2026: 3.6%▲ +2.5% vs 02-2026
04-2026: 3.8%▲ +3.7% vs 03-2026
05-2026: 3.7%▼ -0.7% vs 04-2026
06-2026: 3.6%▼ -2.1% vs 05-2026
07-2026: 3.8%▲ +3.5% vs 06-2026
08-2026: 5.0%▲ +32.8% vs 07-2026
09-2026: 6.4%▲ +28.0% vs 08-2026highest value
10-2026: 6.4%● 0.0% vs 09-2026highest value
- 2 changes of registered office in 24 months raises the probability
- Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
- Negative equity -€36,231 raises the probability
- Size: total assets €52,071 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.61 against 1.51 in 2024; short-term debt: 143% and cash: 3.6% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 3%, liquidity 3%, profitability 4%, growth against the median 1%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€36,231
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 6 filingsDeviation from the deadline
2025
21 d late
2024
53 d late
2023
43 d late
2022
105 d late
2021
88 d late
2020
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 71 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 22 September (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€58,566
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Board & ownership
- Parent
- TILEVATE · 65%
Timeline
- Events
- 8
- Since
- 2021
- Next accounts
- by 31-07-2027
- 21-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 22-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Business and other management consultancyNACE 70200
- Founded
- 22-11-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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