MASSA SYR
ActiveSummary
The computed 12-month bankruptcy probability of MASSA SYR is 5.0% (elevated). The 2025 annual accounts show equity of €139k and a net result of €25k. Equity is growing by ~34.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 13305 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▼-1
Solvency100▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
5.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity ample (current ratio 7.47 against 2.34 in 2024; short-term debt: 12.6% and cash: 25.4% of total assets), and 12.6% 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+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
87.4%
Return on assets
15.7%
Age of the figures
9 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 15-07-2026, 16 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
16 d early
2024
31 d early
2023
14 d late
2022
10 d late
2021
78 d late
2020
86 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€249k
EBIT margin
12.4%
Net result
€25k▼ 20.2%
2024 · €31k
2020: €6k
2021: €29k
2022: €16k
2023: €22k
2024: €31k
2020 → 2025
Working capital
€130k▲ 25.4%
2024 · €104k
2020: €12k
2021: €40k
2022: €61k
2023: €80k
2024: €104k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€249k
Equity€40k-€61k▲ 51.4%€83k▲ 35.7%€114k▲ 37.8%€139k▲ 21.9%
Operating result€30k-€23k▼ 22.1%€31k▲ 32.3%€31k▲ 2.0%€25k▼ 20.1%
Net result€29k-€16k▼ 42.4%€22k▲ 32.5%€31k▲ 43.9%€25k▼ 20.2%
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 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €159k
Fixed assets
€9k ▼ 12.8%
Current assets
€150k ▼ 17.1%
Equity and liabilities €159k
Equity
€139k ▲ 21.9%
Debt
€20k ▼ 74.0%
Debt's share of the balance-sheet total falls from 40.4% to 12.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€27k▼
2024 · €33k
Cash flow
€26k▼
2024 · €33k
Current ratio
7.47▲
2024 · 2.34
Quick ratio
7.41▲
2024 · 2.32
Debt to equity
0.14▼
2024 · 0.68
ROE
18.0%▼
2024 · 27.5%
ROA
15.7%▼
2024 · 16.4%
Interest coverage
151.09▼
2024 · 222.22
Debt ≤ 1 year
€20k▼
2024 · €77k
Staff costs
€11k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€192k€159k▼
Fixed assets21/28€10k€9k▼
Tangible fixed assets22/27€5k€4k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€5k€5k=
Current assets29/58€181k€150k▼
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€114k€107k▼
Trade receivables40€73k€45k▼
Other amounts receivable41€41k€62k▲
Cash at bank and in hand54/58€65k€40k▼
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€192k€159k▼
Equity10/15€114k€139k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€104k€129k▲
Amounts payable17/49€77k€20k▼
Amounts payable within one year42/48€77k€20k▼
Trade debts44€50k€4k▼
Suppliers440/4€50k€4k▼
Advances received on contracts in progress46€10k€10k=
Taxes, remuneration and social security45€18k€6k▼
Taxes450/3€10k€5k▼
Remuneration and social security454/9€7k€1k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61-€254k
Remuneration, social security and pensions62€11k€11k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€4k€6k▲
Gross operating margin9900€48k€44k▼
Operating profit (loss)9901€31k€25k▼
Financial charges65/66B€147€176▲
Recurring financial charges65€147€176▲
Profit (loss) for the period before taxes9903€31k€25k▼
Profit (loss) for the period9904€31k€25k▼
Profit (loss) for the period to be appropriated9905€31k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€104k€129k▲
Profit (loss) brought forward from the previous period14P€73k€104k▲
The notes to these accounts (7 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 7.47
Current ratio from 2.34 to 7.47; short-term debt falls from €77k to €20k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €31k ▲43.9%
Operating result €31k, net result €31k, both a record.
31-12
Financial
Equity above €100kEq €114k ▲37.8%
5 profitable years in a row build equity to €114k.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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 2019
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.
Kiekenmarkt 51000 BrusselGround area
51 m²
Building footprint
46 m²
Volume, LiDAR
791 m³
Parcel 21811M2620/00R002, Brussels · tallest building 20.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
SINDIBAD
since 20192.295.929.028
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M2620/00R002 | Brussels | 51 m² | 1 · 46 m² | 20.8 m · 6 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 siteBrussel2.295.929.028
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EPHES
BE 0749.442.091
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AKIRA BELGIUM
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GUPTESWOR
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Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 7,372 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.