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MASSAER

Active
Private limited companyfounded 1999active for 26 yearsHauwerstraat 35, 9255 Buggenhout, BelgiumKBO/BCE: BE 0468.215.832

From the official registers: KBO 26 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

MASSAER has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €575,691 and a net result of €18,499. Equity has been stable since 2018 (±1.2% per year). Its solvency ranks better than 95% of 5,879 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

KBO
Status
Active since 13-12-1999 Normal situation
Legal form
Private limited company
Registered office
Hauwerstraat 35, 9255 Buggenhout
Activity
Freight transport by road NACE 49410
Establishment unit
2.094.864.062 9255 Buggenhout, since 28-01-2000
Financial year end
31 December
Peppol
Reachable since 01-08-2025

Board and ownership

Board

Financial position

85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Gross margin
€67,579
▼ 31.1%
Turnover
≈ €230,000
estimated
Profit
€18,499
▼ 55.4%
Equity
€575,691
▲ 3.3%
Total assets
€600,725
▼ 6.5%
2025 accounts filed 31 days after the deadline
Filed on 31-08-2026at the National Bank
Score breakdownraises riskSector: Land transport and transport via pipelines (NACE 49)Last filed accounts filed 31 days late; 1 of the last 3 accounts latelowers riskEquity €575,691 (95.8% of total assets)Founded in 1999Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 62% of micro companies in land transport (NACE 49)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 95.8% of total assets
Liquidity 56+3
short-term debt 4.2% · cash 4.5%
Profitability 73-4
return on assets 3.1%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,098 companies, NACE 49, micro)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.6%▲ +0.1 percentage points vs 07-2025highest value 09-2025: 0.2%▼ -0.4 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.3 percentage points vs 07-2026 09-2026: 0.4%▼ -0.1 percentage points vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.74 (1.76 in 2024), above the usual 1.5. Short-term debt is 4.2% and cash 4.5% of total assets. 4.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 92% of them on solvency, 62% on liquidity, 49% on profitability and 44% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
raises risk · Last filed accounts filed 31 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Equity €575,691 (95.8% of total assets)
NBB · annual accounts
lowers risk · Founded in 1999
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · 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 €575,691
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
14 days late
2023
26 days late
2022
29 days late
2021
47 days late
2020
31 days late
2019
97 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 39 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 95% of companies in land transportsector median 37.7% · 5,879 companies 95.8% View

Documents

Annual accounts at the NBB

All 26 annual accounts

Articles and registers

Key facts about MASSAER

What is the company number of MASSAER?
The company number of MASSAER is 0468.215.832. The VAT number is the same number with BE in front: BE 0468.215.832.
Where is MASSAER based?
The registered office is at Hauwerstraat 35, 9255 Buggenhout.Company details
What does MASSAER do?
According to the KBO register, the main activity is freight transport by road (NACE 49410).
What is the legal form of MASSAER?
The legal form of MASSAER is Private limited company (BV).
When was MASSAER founded?
MASSAER was founded on 13-12-1999.
Is MASSAER still active?
Yes, MASSAER is an active enterprise in the KBO register.
What is the turnover of MASSAER?
The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €67,579 and 46 comparable companies (NACE 49410). It probably lies between €180,000 and €290,000.Financials
Is MASSAER profitable?
In financial year 2025, MASSAER made a profit of €18,499.
Where can I find the annual accounts of MASSAER?
MASSAER filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of MASSAER due?
MASSAER must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as MASSAER: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €504,000 and €714,000, founded between 1996 and 2004.

CompanyTotal assetsGross margin
MASSAER Buggenhout€600,725€67,579
Transport Cantens Sint-Gillis-Waas€587,214€64,219
HENK VANASSCHE Kuurne€544,201€56,835
D'HONDT - DEKIERE VERVOER Wielsbeke€581,481€86,494
J.V. Transport Jabbeke€623,617€68,707
RYCKEBOSCH INT. Wingene€503,775€63,653
FODA Wuustwezel€713,688€59,493
Full comparison

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