MASPEL
ActiveMASPEL has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €62k. Equity is growing by ~23.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency68▼-8
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.4 in 2024), but 63.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
36.4%
Return on assets
26.5%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
22 d late
2023
1 d early
2022
9 d late
2021
on the day
2020
27 d late
2019
31 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
2021 · €0
2020: €0
2021: €0
2020 → 2022
Total assets
€234k▲ 95.4%
2024 · €120k
2018: €31k
2019: €26k
2020: €93k
2021: €184k
2022: €152k
2023: €130k
2024: €120k
2018 → 2025
Net result
€62k▲ 16.3%
2024 · €53k
2018: €-4k
2019: €-4k
2020: €56k
2021: €42k
2022: €35k
2023: €34k
2024: €53k
2018 → 2025
Working capital
€31k▲ 38.3%
2024 · €22k
2018: €7k
2019: €4k
2020: €55k
2021: €77k
2022: €56k
2023: €21k
2024: €22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€0
Equity€108k-€90k▼ 16.5%€55k▼ 39.4%€53k▼ 2.6%€85k▲ 60.0%
Operating result€57k-€50k▼ 12.5%€47k▼ 4.6%€73k▲ 53.0%€84k▲ 15.7%
Net result€42k-€35k▼ 16.4%€34k▼ 1.2%€53k▲ 55.0%€62k▲ 16.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 16% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234k
Fixed assets
€145k▲ 250%
Current assets
€90k▲ 14.2%
Equity and liabilities €234k
Equity
€85k▲ 60.0%
Debt
€149k▲ 124%
The debt ratio rises from 55.5% to 63.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€109k▲
2024 · €92k
Cash flow
€87k▲
2024 · €73k
Solvency
36.4%▼
2024 · 44.5%
Current ratio
1.52▲
2024 · 1.40
Quick ratio
1.52▲
2024 · 1.40
Debt / equity
1.75▲
2024 · 1.25
ROE
72.7%▼
2024 · 100.0%
ROA
26.5%▼
2024 · 44.5%
Interest coverage
35.06▼
2024 · 160.51
Debt
€149k▲
2024 · €67k
Debt ≤ 1 year
€59k▲
2024 · €56k
Debt > 1 year
€90k▲
2024 · €10k
Income taxes
€19k▲
2024 · €19k
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€120k€234k▲
Fixed assets21/28€41k€145k▲
Tangible fixed assets22/27€40k€143k▲
Plant, machinery and equipment23€1k€3k▲
Furniture and vehicles24€37k€139k▲
Other tangible fixed assets26€1k€930▼
Financial fixed assets28€1k€1k=
Current assets29/58€79k€90k▲
Amounts receivable within one year40/41€29k€8k▼
Trade receivables40€28k€2k▼
Other amounts receivable41€1k€6k▲
Cash at bank and in hand54/58€46k€79k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€120k€234k▲
Equity10/15€53k€85k▲
Profit (loss) carried forward14€53k€85k▲
Amounts payable17/49€67k€149k▲
Amounts payable after more than one year17€10k€90k▲
Financial debts170/4€10k€90k▲
Amounts payable within one year42/48€56k€59k▲
Current portion of amounts payable after more than one year42€12k€24k▲
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€5k€11k▲
Suppliers440/4€5k€11k▲
Taxes, remuneration and social security45€20k€22k▲
Taxes450/3€20k€22k▲
Other amounts payable47/48€20k-
Accrued charges and deferred income492/3€92€203▲
Income statement
Code20242025
Non-recurring operating income76A-€12k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€25k▲
Other operating charges640/8€387€446▲
Non-recurring operating charges66A€622€1k▲
Gross operating margin9900€93k€110k▲
Operating profit (loss)9901€73k€84k▲
Financial income75/76B€31€18▼
Recurring financial income75€31€18▼
Financial charges65/66B€574€3k▲
Recurring financial charges65€574€3k▲
Profit (loss) for the period before taxes9903€72k€81k▲
Income taxes67/77€19k€19k▲
Profit (loss) for the period9904€53k€62k▲
Profit (loss) for the period to be appropriated9905€53k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€88k€115k▲
Profit (loss) brought forward from the previous period14P€34k€53k▲
Transfer from equity791/2€20k-
Profit to be distributed694/7€55k€30k▼
Return on contributions (dividend)694€55k€30k▼
The notes to these accounts (9 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €62k ▲16.3%
Operating result €84k, net result €62k, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €108k ▲62.6%
2 profitable years in a row build equity to €108k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €56k
Net result €56k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.11
Current ratio from 1.26 to 3.11.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
SAERENS Peter Luc Gabrielle
CurrentDirector · since 28-11-2023
28-11-2023
Appointed as Director
Location & real-estate footprint
Registered office, Bertem · 1 establishment unit since 2015
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.
Ormendaal 383060 BertemGround area
409 m²
Building footprint
89 m²
Volume, LiDAR
544 m³
Parcel 24052B0083/00M000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Maspel
since 20152.247.288.179
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24052B0083/00M000 | Flanders | 409 m² | 1 · 89 m² | 9.0 m · 2 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.
Similar companies · same sector, comparable size
O&C Consulting
BE 0801.787.152
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WeiBen Management
BE 0779.544.359
Sint-Gillis (bij-Brussel) · Eq €85k
GMG Advisory
BE 1009.638.653
Elsene · Eq €85k
DD-CONSULT
BE 0718.717.342
Lochristi · Eq €85k
Howard Dalloway
BE 1007.309.861
Antwerpen · Eq €85k
Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 40,171 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-11-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.