Summary
MASINVEST has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2008 annual accounts show equity of €3.8m and a net result of -€153,539. Equity remains stable across the filed fiscal years (±1.9% per year). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2008 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2008 · tick = 2007
Profitability30▼-8
Solvency96=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2008Solvency, return and age of the figures
Solvency
71.2%
Return on assets
-2.9%
Age of the figures
213 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 · No filing for years
The last filed financial year closed on 31-12-2008. Since then, 17 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2009 close31-07-2010 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2008 was due by 31-07-2009 and was filed on 31-08-2009, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2008, abbreviated schema
Turnover
€0
Total assets
€5.4m▼ 3.5%
2007 · €5.6m
Net result
-€153,539
2007 · €129
Working capital
€1.8m▼ 7.8%
2007 · €2.0m
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line200620072008
Turnover€0-
Operating result€52,144-€13,625▼ 73.9%-€13,387
Net result€8,745-€129▼ 98.5%-€153,539
Equity€4.0m-€4.0m=€3.8m▼ 3.9%
Total assets€5.6m-€5.6m▼ 1.3%€5.4m▼ 3.5%
Debt€1.7m-€1.6m▼ 4.6%€1.5m▼ 2.5%
Working capital€2.0m-€2.0m▼ 0.2%€1.8m▼ 7.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2008: a loss of €13,387 after €13,625 in 2007, the lowest result in the available series.
Balance-sheet composition
2008 in colour, 2007 as the grey bar beneath
Assets €5.4m
Fixed assets
€2.8m =
Current assets
€2.6m ▼ 6.9%
Equity and liabilities €5.4m
Equity
€3.8m ▼ 3.9%
Debt
€1.5m ▼ 2.5%
Debt's share of the balance-sheet total rises from 28.5% to 28.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
3.25▼
2007 · 3.33
Debt to equity
0.20▲
2007 · 0.19
ROE
-4.0%▼
2007 · 0.0%
ROA
-2.9%▼
2007 · 0.0%
Debt ≤ 1 year
€798,624▼
2007 · €838,624
Debt > 1 year
€745,000=
2007 · €745,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2006 | 2007 | 2008 | Change |
|---|---|---|---|---|
| Turnover70 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €407 | €407 | - | - |
| Gross operating margin9900 | €53,442 | €17,596 | €161 | ▼ 99.1% |
| Operating profit (loss)9901 | €52,144 | €13,625 | -€13,387 | ▼ 198% |
| Recurring financial income75 | €9,279 | €39,168 | €97,731 | ▲ 150% |
| Recurring financial charges65 | €52,677 | €53,010 | €237,882 | ▲ 349% |
| Profit (loss) for the period before taxes9903 | €8,745 | -€217 | -€153,539 | ▼ 70,753% |
| Income taxes67/77 | - | -€346 | - | - |
| Profit (loss) for the period9904 | €8,745 | €129 | -€153,539 | ▼ 118,901% |
| Profit (loss) for the period to be appropriated9905 | €8,745 | €129 | -€153,539 | ▼ 118,901% |
| Line | 2006 | 2007 | 2008 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €5.6m | €5.6m | €5.4m | ▼ 3.5% |
| Fixed assets21/28 | €2.8m | €2.8m | €2.8m | = |
| Tangible fixed assets22/27 | €1,222 | €815 | - | - |
| Financial fixed assets28 | €2.8m | €2.8m | €2.8m | = |
| Current assets29/58 | €2.9m | €2.8m | €2.6m | ▼ 6.9% |
| Amounts receivable within one year40/41 | €1.1m | €849,453 | €637,546 | ▼ 24.9% |
| Current investments50/53 | €326,040 | €1.9m | €1.9m | ▼ 0.8% |
| Cash at bank and in hand54/58 | €1.4m | €12,412 | €46,157 | ▲ 272% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €5.6m | €5.6m | €5.4m | ▼ 3.5% |
| Equity10/15 | €4.0m | €4.0m | €3.8m | ▼ 3.9% |
| Contributions10/11 | €90,000 | €90,000 | €90,000 | = |
| Reserves13 | €3.9m | €3.9m | €3.9m | = |
| Profit (loss) carried forward14 | - | - | -€153,539 | - |
| Amounts payable17/49 | €1.7m | €1.6m | €1.5m | ▼ 2.5% |
| Amounts payable after more than one year17 | €745,000 | €745,000 | €745,000 | = |
| Amounts payable within one year42/48 | €910,566 | €838,624 | €798,624 | ▼ 4.8% |
| Trade debts44 | €1,150 | - | - | - |
| Line | 2006 | 2007 | 2008 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,745 | €129 | -€153,539 | ▼ 118,901% |
| + Depreciation and write-downs630 | €407 | €407 | - | - |
| Operating cash flow (approximation) | €9,153 | €537 | -€153,539 | ▼ 28,707% |
| Investment in fixed assets (approximation) | - | €0 | €815 | - |
| Change in cash | - | -€1.4m | €33,745 | ▲ 102% |
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
2009
31-08
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema · 31 days late
2008
31-12
Financial
Weakest financial yearnet -€153,539
Net result drops to -€153,539, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema
2007
27-08
NBB filing
Annual accounts filed
fiscal year 2006 · abbreviated schema · 27 days late
2006
13-07
NBB filing
Annual accounts filed
fiscal year 2005 · abbreviated schema
2005
28-06
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema
2004
15-10
NBB filing
Annual accounts filed
fiscal year 2003 · abbreviated schema · 76 days late
2003
04-06
NBB filing
Annual accounts filed
fiscal year 2002 · abbreviated schema
2002
29-08
NBB filing
Annual accounts filed
fiscal year 2001 · abbreviated schema · 29 days late
2001
07-09
NBB filing
Annual accounts filed
fiscal year 2000 · abbreviated schema · 38 days late
2000
11-09
NBB filing
Annual accounts filed
fiscal year 1999 · abbreviated schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hove · 1 establishment unit since 1991
Ground area
326 m²
Building footprint
136 m²
Volume, LiDAR
900 m³
Parcel 11021B0228/00G000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Veldkantvoetweg 98, 2540 Hove
since 19912.053.516.625
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021B0228/00G000 | Flanders | 326 m² | 1 · 136 m² | 10.3 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500T5H7136EOBCH18
Company details
Identification
Legal formGeneral partnership
Founded11-12-1990
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442810740
Registered
10-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.