MASKEEN
ActiveMASKEEN has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €3k. Equity is growing by ~40% per year across the filed fiscal years. Its solvency ranks better than 69% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-48
Solvency82▼-10
Growth42▲+7
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 12.93 against 3.05 in 2024; short-term debt: 7.7% and cash: 1.8% of total assets), and 42.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.3%
Return on assets
5.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
121 d late
2022
487 d late
2021
852 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€142k▲ 25.6%
2024 · €113k
2021: €163k
2022: €125k
2023: €146k
2024: €113k
2021 → 2025
EBIT margin
3.4%▼ 2.5pp
2024 · 5.9%
2021: 17.3%
2022: 2.1%
2023: 3.8%
2024: 5.9%
2021 → 2025
Net result
€3k▼ 64.4%
2024 · €9k
2021: €24k
2022: €2k
2023: €3k
2024: €9k
2021 → 2025
Working capital
€52k▲ 126%
2024 · €23k
2021: €9k
2022: €10k
2023: €14k
2024: €23k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€163k-€125k▼ 23.5%€146k▲ 17.5%€113k▼ 22.9%€142k▲ 25.6%
Equity€9k-€10k▲ 20.2%€14k▲ 34.1%€23k▲ 68.9%€33k▲ 40.2%
Operating result€28k-€3k▼ 90.8%€6k▲ 116%€7k▲ 18.4%€5k▼ 27.6%
Net result€24k-€2k▼ 92.8%€3k▲ 102%€9k▲ 171%€3k▼ 64.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €57k
Equity
€33k▲ 40.2%
Debt
€24k▲ 115%
The debt ratio rises from 32.8% to 42.7%. Equity and debt are higher.
Key figures and ratios
Solvency
57.3%▼
2024 · 67.2%
Current ratio
12.93▲
2024 · 3.05
Quick ratio
0.26▲
2024 · 0.04
Debt / equity
0.75▲
2024 · 0.49
ROE
10.3%▼
2024 · 40.8%
ROA
5.9%▼
2024 · 27.4%
Debt
€24k▲
2024 · €11k
Debt ≤ 1 year
€4k▼
2024 · €11k
Debt > 1 year
€20k
Income taxes
€1k▲
2024 · €-3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€35k€57k▲
Current assets29/58€35k€57k▲
Stocks and contracts in progress3€34k€56k▲
Stocks30/36€34k€56k▲
Amounts receivable within one year40/41-€109
Other amounts receivable41-€109
Cash at bank and in hand54/58€448€1k▲
Equity and liabilities
Total equity and liabilities10/49€35k€57k▲
Equity10/15€23k€33k▲
Contributions10/11-€5k
Reserves13-€960
Non-distributable reserves130/1-€960
Reserves not available under the articles1311-€960
Profit (loss) carried forward14€23k€27k▲
Amounts payable17/49€11k€24k▲
Amounts payable after more than one year17-€20k
Financial debts170/4-€20k
Amounts payable within one year42/48€11k€4k▼
Financial debts43-€519
Credit institutions430/8-€519
Trade debts44€6k€1k▼
Suppliers440/4€6k€1k▼
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€3k▼
Income statement
Code20242025
Turnover70€113k€142k▲
Goods, raw materials, services and sundry goods60/61€123k€136k▲
Remuneration, social security and pensions62€891-
Other operating charges640/8€639€1k▲
Gross operating margin9900€8k€6k▼
Operating profit (loss)9901€7k€5k▼
Financial charges65/66B€95€317▲
Recurring financial charges65€95€317▲
Profit (loss) for the period before taxes9903€7k€4k▼
Income taxes67/77€-3k€1k▲
Profit (loss) for the period9904€9k€3k▼
Transfer from tax-exempt reserves789€960-
Profit (loss) for the period to be appropriated9905€10k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€27k▲
Profit (loss) brought forward from the previous period14P€13k€23k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity quadruplescurrent ratio 12.93
Current ratio from 3.05 to 12.93; short-term debt falls from €11k to €4k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 3.05
Current ratio from 1.47 to 3.05; short-term debt falls from €29k to €11k.
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 121 days late
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 487 days late
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 852 days late
2022
31-12
Financial
Weakest financial yearnet €2k ▼92.8%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Brussel · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Blaesstraat 2321000 BrusselGround area
135 m²
Building footprint
135 m²
Volume, LiDAR
1,143 m³
Parcel 21809K0650/00F000, Brussels · tallest building 17.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MASKEEN
since 20122.214.655.401
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K0650/00F000 | Brussels | 135 m² | 1 · 135 m² | 17.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Food safety, FASFC
1 siteBrussel2.214.655.401
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ETOILE KINDIA
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Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 4,479 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-10-2012
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.