MASLOV
ActiveMASLOV has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €784k and a net result of €82k. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 39% of 78 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
76
/ 100
Excellent▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-48
Solvency60▲+6
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.19 in 2024), and 64.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
35.2%
Return on assets
3.7%
Age of the figures
11 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 14
Relative position
BE, all sectors
reference
Sector 14
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
40 d late
2021
121 d early
2020
on the day
2019
111 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€784k▲ 10.5%
2024 · €709k
2019: €530k
2020: €347k
2021: €430k
2022: €526k
2023: €653k
2024: €709k
2019 → 2025
Total assets
€2.23M▼ 0.8%
2024 · €2.25M
2019: €902k
2020: €1.28M
2021: €1.36M
2022: €1.58M
2023: €1.63M
2024: €2.25M
2019 → 2025
Net result
€82k▼ 73.4%
2024 · €307k
2019: €9k
2020: €-184k
2021: €82k
2022: €100k
2023: €224k
2024: €307k
2019 → 2025
Working capital
€222k▲ 10.0%
2024 · €202k
2019: €-81k
2020: €-124k
2021: €14k
2022: €-20k
2023: €42k
2024: €202k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€430k-€526k▲ 22.2%€653k▲ 24.1%€709k▲ 8.7%€784k▲ 10.5%
Operating result€106k-€163k▲ 53.7%€321k▲ 97.1%€365k▲ 13.9%€122k▼ 66.5%
Net result€82k-€100k▲ 21.6%€224k▲ 125%€307k▲ 36.8%€82k▼ 73.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 67% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.23M
Fixed assets
€986k▲ 0.5%
Current assets
€1.24M▼ 1.8%
Equity and liabilities €2.23M
Equity
€784k▲ 10.5%
Provisions
€0▼ 100%
Debt
€1.45M▼ 4.4%
The debt ratio falls from 67.3% to 64.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€217k▼
2024 · €450k
Cash flow
€176k▼
2024 · €391k
Solvency
35.2%▲
2024 · 31.6%
Current ratio
1.22▲
2024 · 1.19
Quick ratio
0.73▼
2024 · 0.87
Debt / equity
1.84▼
2024 · 2.13
ROE
10.4%▼
2024 · 43.2%
ROA
3.7%▼
2024 · 13.6%
Interest coverage
4.32▼
2024 · 9.82
Debt
€1.45M▼
2024 · €1.51M
Debt ≤ 1 year
€1.02M▼
2024 · €1.06M
Debt > 1 year
€343k▼
2024 · €363k
Income taxes
€25k=
2024 · €25k
Staff costs
€315k▲
2024 · €244k
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€2.25M€2.23M▼
Fixed assets21/28€981k€986k▲
Intangible fixed assets21€44k€54k▲
Tangible fixed assets22/27€602k€597k▼
Land and buildings22€8k€6k▼
Plant, machinery and equipment23€16k€49k▲
Furniture and vehicles24€204k€176k▼
Leasing and similar rights25€374k€359k▼
Other tangible fixed assets26-€7k
Financial fixed assets28€335k€335k=
Current assets29/58€1.27M€1.24M▼
Amounts receivable after more than one year29€56k€50k▼
Other amounts receivable291€56k€50k▼
Stocks and contracts in progress3€342k€500k▲
Stocks30/36€342k€500k▲
Amounts receivable within one year40/41€816k€596k▼
Trade receivables40€587k€549k▼
Other amounts receivable41€229k€48k▼
Cash at bank and in hand54/58€38k€86k▲
Deferred charges and accrued income490/1€13k€10k▼
Equity and liabilities
Total equity and liabilities10/49€2.25M€2.23M▼
Equity10/15€709k€784k▲
Contributions10/11€563k€563k=
Capital10€563k€563k=
Issued capital100€563k€563k=
Reserves13€146k€220k▲
Non-distributable reserves130/1€23k€31k▲
Legal reserve130€23k€31k▲
Tax-exempt reserves132€77k€0▼
Distributable reserves133€46k€190k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€26k€0▼
Deferred taxes168€26k€0▼
Amounts payable17/49€1.51M€1.45M▼
Amounts payable after more than one year17€363k€343k▼
Financial debts170/4€363k€343k▼
Amounts payable within one year42/48€1.06M€1.02M▼
Current portion of amounts payable after more than one year42€287k€394k▲
Financial debts43€2k€6k▲
Credit institutions430/8€2k€6k▲
Trade debts44€347k€507k▲
Suppliers440/4€347k€507k▲
Taxes, remuneration and social security45€178k€114k▼
Taxes450/3€148k€69k▼
Remuneration and social security454/9€30k€45k▲
Other amounts payable47/48€250k€0▼
Accrued charges and deferred income492/3€86k€83k▼
Income statement
Code20242025
Non-recurring operating income76A€3k€3k▲
Remuneration, social security and pensions62€244k€315k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€94k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€14k€18k▲
Non-recurring operating charges66A€11k€1k▼
Gross operating margin9900€718k€551k▼
Operating profit (loss)9901€365k€122k▼
Financial income75/76B€11k€9k▼
Recurring financial income75€11k€9k▼
Financial charges65/66B€46k€50k▲
Recurring financial charges65€46k€50k▲
Profit (loss) for the period before taxes9903€330k€81k▼
Transfer from deferred taxes780€1k€26k▲
Income taxes67/77€25k€25k=
Profit (loss) for the period9904€307k€82k▼
Transfer from tax-exempt reserves789€4k€77k▲
Profit (loss) for the period to be appropriated9905€310k€159k▼
Appropriation of the result
Profit (loss) to be appropriated9906€310k€159k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€60k€151k▲
To the legal reserve6920€16k€8k▼
To other reserves6921€45k€143k▲
Profit to be distributed694/7€250k€7k▼
Directors or managers695€250k€0▼
Employees696-€7k
Social balance
Average headcount (FTE)90873.74.7▲
The notes to these accounts (25 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2019net €307k ▲36.8%
Operating result €365k, net result €307k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 40 days late
2022
30-09
Financial
Equity above €500kEq €526k ▲22.2%
2 profitable years in a row build equity to €526k.
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-09
Financial
Back to profitnet €82k
Net result €82k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-184k ▼2103%
Net result drops to €-184k, the lowest in the series; recovery starts the following year.
19-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 210 days late
2016
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Kortrijk · 2 establishment units since 1988
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.
Grote Markt(Kor) 19 A8500 KortrijkGround area
997 m²
Building footprint
933 m²
Volume, LiDAR
13,904 m³
3 parcels, Flanders · tallest building 23.0 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Atelier Vic Corporate Fashion
since 19882.035.636.456
MASLOV NV
since 20032.166.666.531
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353H0251/00G000 | Flanders | 663 m² | 1 · 610 m² | 22.3 m · 5 fl. |
| 34022G0018/00G000 | Flanders | 244 m² | 1 · 234 m² | 23.0 m · 7 fl. |
| 34022G0017/00B000 | Flanders | 89 m² | 1 · 89 m² | 21.1 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 4,410 EUR awarded · 4,410 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,370 EUR | 2,370 EUR |
| 2024 | 1 | 2,040 EUR | 2,040 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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Due Amanti
BE 0541.416.782
Nieuwpoort · Eq €743k
MODE VANDER STAPPEN - COOMANS
BE 0417.037.048
Scherpenheuvel-Zichem · Eq €719k
DETEMMERMAN
BE 0430.859.845
Leuze-en-Hainaut · Eq €857k
Arzoni
BE 0400.539.724
Gent · Eq €901k
Of 1,092 companies in sector 14210 we hold annual accounts for 211. 114 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-12-1987
Fiscal year end30-09
Activities, NACEBEL
14130Manufacture of wearing apparel
14210Manufacture of outerwear
18221
47712Retail trade
46423Wholesale of clothing, excluding workwear and underwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
51421
52421
52740
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70120
70201
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.