MASSAERT
ActiveMASSAERT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €368k and a net result of €64k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▲+2
Solvency82▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 2.02 in 2023; short-term debt: 43.5% and cash: 44.9% of total assets), and 43.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
138 d early
2022
4 d early
2021
6 d early
2020
1 d early
2019
17 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€368k▲ 21.1%
2023 · €304k
2018: €55k
2019: €104k
2020: €157k
2021: €227k
2022: €255k
2023: €304k
2018 → 2024
Total assets
€651k▲ 12.6%
2023 · €578k
2018: €234k
2019: €189k
2020: €283k
2021: €551k
2022: €416k
2023: €578k
2018 → 2024
Net result
€64k▲ 32.2%
2023 · €49k
2018: €13k
2019: €66k
2020: €71k
2021: €70k
2022: €28k
2023: €49k
2018 → 2024
Working capital
€342k▲ 22.4%
2023 · €280k
2018: €34k
2019: €91k
2020: €123k
2021: €200k
2022: €235k
2023: €280k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€157k-€227k▲ 44.6%€255k▲ 12.5%€304k▲ 19.0%€368k▲ 21.1%
Operating result€93k-€105k▲ 12.8%€44k▼ 58.2%€74k▲ 69.1%€99k▲ 33.4%
Net result€71k-€70k▼ 1.0%€28k▼ 59.4%€49k▲ 70.9%€64k▲ 32.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 33% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €651k
Fixed assets
€25k▲ 6.5%
Current assets
€625k▲ 12.8%
Equity and liabilities €651k
Equity
€368k▲ 21.1%
Debt
€283k▲ 3.1%
The debt ratio falls from 47.5% to 43.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€108k▲
2023 · €81k
Cash flow
€73k▲
2023 · €56k
Solvency
56.5%▲
2023 · 52.5%
Current ratio
2.21▲
2023 · 2.02
Quick ratio
2.20▲
2023 · 2.01
Debt / equity
0.77▼
2023 · 0.90
ROE
17.4%▲
2023 · 16.0%
ROA
9.9%▲
2023 · 8.4%
Interest coverage
21.11▼
2023 · 27.07
Debt
€283k▲
2023 · €274k
Debt ≤ 1 year
€283k▲
2023 · €274k
Income taxes
€30k▲
2023 · €23k
Staff costs
€0▼
2023 · €15k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€578k€651k▲
Fixed assets21/28€24k€25k▲
Tangible fixed assets22/27€24k€25k▲
Land and buildings22€5k€5k▼
Plant, machinery and equipment23€11k€18k▲
Furniture and vehicles24€8k€3k▼
Financial fixed assets28€135€135=
Current assets29/58€554k€625k▲
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€86k€313k▲
Trade receivables40€62k€297k▲
Other amounts receivable41€24k€16k▼
Cash at bank and in hand54/58€452k€292k▼
Deferred charges and accrued income490/1€12k€17k▲
Equity and liabilities
Total equity and liabilities10/49€578k€651k▲
Equity10/15€304k€368k▲
Contributions10/11€19k€19k=
Reserves13€285k€349k▲
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€283k€349k▲
Amounts payable17/49€274k€283k▲
Amounts payable within one year42/48€274k€283k▲
Trade debts44€227k€222k▼
Suppliers440/4€227k€222k▼
Taxes, remuneration and social security45€975€7k▲
Taxes450/3€889€7k▲
Remuneration and social security454/9€86€0▼
Other amounts payable47/48€47k€54k▲
Income statement
Code20232024
Remuneration, social security and pensions62€15k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€-730▼
Other operating charges640/8€6k€6k▼
Gross operating margin9900€106k€112k▲
Operating profit (loss)9901€74k€99k▲
Financial income75/76B€330€298▼
Recurring financial income75€330€298▼
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€72k€94k▲
Income taxes67/77€23k€30k▲
Profit (loss) for the period9904€49k€64k▲
Profit (loss) for the period to be appropriated9905€49k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€64k▲
Transfer to equity691/2€49k€64k▲
To other reserves6921€49k€64k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €227k ▲44.6%
4 profitable years in a row build equity to €227k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €71k ▲6.3%
Net result €71k, the highest in the series.
31-12
Financial
Equity above €150kEq €157k ▲51.2%
3 profitable years in a row build equity to €157k.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €104k ▲89.3%
2 profitable years in a row build equity to €104k.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day 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, Sint-Pieters-Leeuw · 1 establishment unit since 2016
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.
Domstraat 241602 Sint-Pieters-LeeuwGround area
452 m²
Building footprint
66 m²
Volume, LiDAR
458 m³
Parcel 23089C0078/00M000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MASSAERT
since 20162.256.717.767
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23089C0078/00M000 | Flanders | 452 m² | 1 · 66 m² | 9.8 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 220 EUR awarded · 220 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 220 EUR | 220 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
3 endedSimilar companies · same sector, comparable size
VPC SYSTEMS
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B & R
BE 0870.726.933
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STEIGERWERK
BE 0672.406.572
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Roel Knockaert
BE 0880.477.215
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Of 15,542 companies in sector 43990 we hold annual accounts for 7,421. 5,087 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-2016
Fiscal year end31-12
Activities, NACEBEL
42212Civil engineering
43990Other specialised construction activities
43999Specialised construction activities
01199Crop and animal production, hunting and related service activities
01290Crop and animal production, hunting and related service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@massaertbvba.be