MASSA-TEX

Active

Private limited companyfounded 199926 yrs activeRue Haute-Pierrée, Oph. 27, 1357 Hélécine, BelgiumKBO/BCE: BE 0467.411.821

MASSA-TEX has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 11282 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

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Checked score

Score 2025

52 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability77▲+53

Solvency36▲+5

Growth58▲+26

Track record100

Bankruptcy probability, 12 months

1.3% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.12 against 1.05 in 2024; short-term debt: 88.8% and cash: 18.5% of total assets), and 88.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

11.2%

Return on assets

15.9%

Age of the figures

9 mo

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €19k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

8 d early

2024

7 d early

2023

5 d late

2022

58 d early

2021

60 d early

2020

31 d early

2019

29 d early

← before the deadline after the deadline →

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 months

Position in the running window

20-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€19k▲ 97.1%

2024 · €10k

2018: €35k 2019: €29k 2020: €-16k 2021: €34k 2022: €46k 2023: €12k 2024: €10k

2018 → 2025

Total assets

€169k▲ 2.4%

2024 · €165k

2018: €97k 2019: €88k 2020: €95k 2021: €110k 2022: €126k 2023: €134k 2024: €165k

2018 → 2025

Net result

€27k

2024 · €-2k

2018: €12k 2019: €-7k 2020: €-44k 2021: €49k 2022: €12k 2023: €-34k 2024: €-2k

2018 → 2025

Working capital

€17k▲ 118%

2024 · €8k

2018: €31k 2019: €25k 2020: €-18k 2021: €26k 2022: €43k 2023: €10k 2024: €8k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€34k-€46k▲ 34.9%€12k▼ 74.3%€10k▼ 17.9%€19k▲ 97.1%

Operating result€51k-€17k▼ 67.6%€-31k€2k€35k▲ 1,386%

Net result€49k-€12k▼ 76.0%€-34k€-2k▲ 93.8%€27k

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 1,386% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €169k

99.1%

Fixed assets €2k▼ 5.5%

Current assets €167k▲ 2.4%

Equity and liabilities €169k

11%

88.8%

Equity €19k▲ 97.1%

Debt €150k▼ 3.5%

The debt ratio falls from 94.2% to 88.8%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

Solvency

11.2%▲

2024 · 5.8%

Current ratio

1.12▲

2024 · 1.05

Quick ratio

1.12▲

2024 · 1.05

Debt / equity

7.90▼

2024 · 16.13

ROE

141.4%▲

2024 · -21.8%

ROA

15.9%▲

2024 · -1.3%

Debt

€150k▼

2024 · €155k

Debt ≤ 1 year

€150k▼

2024 · €155k

Income taxes

€3k▲

2024 · €583

Staff costs

€456k▲

2024 · €401k

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€165k€169k▲

Formation expenses20€0€0=

Fixed assets21/28€2k€2k▼

Tangible fixed assets22/27€1k€1k=

Furniture and vehicles24€1k€1k=

Financial fixed assets28€528€438▼

Current assets29/58€163k€167k▲

Amounts receivable within one year40/41€99k€133k▲

Trade receivables40€40k€60k▲

Other amounts receivable41€59k€73k▲

Cash at bank and in hand54/58€62k€31k▼

Deferred charges and accrued income490/1€3k€3k▲

Equity and liabilities

Total equity and liabilities10/49€165k€169k▲

Equity10/15€10k€19k▲

Contributions10/11€6k€6k=

Reserves13€41k€23k▼

Distributable reserves133€41k€23k▼

Profit (loss) carried forward14€-37k€-11k▲

Amounts payable17/49€155k€150k▼

Amounts payable within one year42/48€155k€150k▼

Current portion of amounts payable after more than one year42€648€645▼

Trade debts44€52k€45k▼

Suppliers440/4€52k€45k▼

Taxes, remuneration and social security45€103k€87k▼

Taxes450/3€25k€42k▲

Remuneration and social security454/9€78k€45k▼

Other amounts payable47/48-€18k

Income statement Code20242025

Remuneration, social security and pensions62€401k€456k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€769-

Other operating charges640/8€2k€2k▼

Gross operating margin9900€406k€493k▲

Operating profit (loss)9901€2k€35k▲

Financial income75/76B€53€62▲

Recurring financial income75€53€62▲

Financial charges65/66B€4k€6k▲

Recurring financial charges65€4k€6k▲

Profit (loss) for the period before taxes9903€-2k€30k▲

Income taxes67/77€583€3k▲

Profit (loss) for the period9904€-2k€27k▲

Profit (loss) for the period to be appropriated9905€-2k€27k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-37k€-11k▲

Profit (loss) brought forward from the previous period14P€-35k€-37k▼

Transfer from equity791/2-€18k

Profit to be distributed694/7-€18k

Return on contributions (dividend)694-€18k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

23-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Back to profitnet €27k

Net result €27k after 2 loss-making years.

24-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

05-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 5 days late

2023

03-03

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

01-03

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-09

Financial Back to profitnet €49k

Net result €49k after 2 loss-making years.

30-03

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

30-09

Financial Weakest financial yearnet €-44k

Net result drops to €-44k, the lowest in the series; recovery starts the following year.

01-04

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

19-04

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

30-03

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

29-03

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

1 act for this company is 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, Hélécine · 6 establishment units since 1999

establishment approximate All 6 establishment units on the map

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.

Rue Haute-Pierrée, Oph. 271357 Hélécine

Ground area

2,252 m²

Building footprint

2,185 m²

Volume, LiDAR

17,375 m³

7 parcels, Flanders, Wallonia · tallest building 21.5 m, ±4 floors. Linked by address, not a title deed.

6 establishment units

Heirbaan(DRL) 110, 3350 Linter

Air transport

since 19992.093.449.743

JBC Mode

Tiensesteenweg 243, 3800 Sint-TruidenNACE 5116001

since 20012.253.516.074

JBC Mode

Vinckenboschvest 77, 3300 TienenAgents in the wholesale of textiles, clothing, fur, footwear and leather goods

since 20162.253.514.985

JBC Mode

Brusselsestraat 21/29, 3000 LeuvenAgents in the wholesale of textiles, clothing, fur, footwear and leather goods

since 20202.306.761.255

CKS

Brusselsestraat 19, 3000 LeuvenRetail sale of women's outerwear

since 20242.376.160.203

CKS

Diestsestraat 145, 3000 LeuvenRetail sale of women's outerwear

since 20252.376.160.104

7 parcels

Flanders 6 (85.7%) Wallonia 1 (14.3%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24022C0275/00X002	Flanders	908 m²	1 · 124 m²	7.3 m · 2 fl.
25079C0321/00W002	Wallonia	557 m²	1 · 84 m²	8.2 m · 2 fl.
24504D0286/00H000	Flanders	231 m²	1 · 1,496 m²	21.5 m · 2 fl.
24504D0288/00L000	Flanders	226 m²	1 · 226 m²	21.3 m · 3 fl.
24062A0876/00D002	Flanders	140 m²	1 · 140 m²	14.4 m · 4 fl.
24593H0550/00Z002	Flanders	97 m²	1 · 66 m²	10.7 m · 3 fl.
71353F0057/00H000indicative	Flanders	93 m²	1 · 49 m²	-