MASSANE
ActiveSummary
MASSANE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €240k and a net result of €9k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 37953 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+23
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 98.74 against 80.03 in 2023; short-term debt: 0.9% and cash: 19.2% of total assets), and 0.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 03-06-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
76 d early
2022
31 d early
2021
75 d early
2020
67 d early
2019
78 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€240k▲ 3.9%
2023 · €231k
Total assets
€242k▲ 3.6%
2023 · €233k
Net result
€9k▼ 25.9%
2023 · €12k
Working capital
€218k▼ 5.5%
2023 · €231k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€14k▼ 3.7%€17k▲ 17.7%€14k▼ 15.2%€11k▼ 20.8%€8k▼ 29.5%
Net result€12k▲ 27.7%€13k▲ 5.9%€11k▼ 14.5%€12k▲ 9.1%€9k▼ 25.9%
Equity€194k▲ 6.7%€207k▲ 6.7%€218k▲ 5.4%€231k▲ 5.5%€240k▲ 3.9%
Total assets€198k▲ 7.5%€210k▲ 6.0%€221k▲ 5.2%€233k▲ 5.7%€242k▲ 3.6%
Debt€4k▲ 80.7%€3k▼ 28.7%€2k▼ 6.5%€3k▲ 20.5%€2k▼ 23.6%
Working capital€194k▲ 7.8%€207k▲ 6.9%€218k▲ 5.4%€231k▲ 5.5%€218k▼ 5.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 29% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €242k
Fixed assets
€22k
Current assets
€220k
Equity and liabilities €242k
Equity
€240k ▲ 3.9%
Debt
€2k ▼ 23.6%
Debt's share of the balance-sheet total falls from 1.2% to 0.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k
Cash flow
€19k
Current ratio
98.74▲
2023 · 80.03
Debt to equity
0.01▼
2023 · 0.01
ROE
3.7%▼
2023 · 5.3%
ROA
3.7%▼
2023 · 5.2%
Interest coverage
457.27
Debt ≤ 1 year
€2k▼
2023 · €3k
Income taxes
€4k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €403 | - | - | €10k | - |
| Other operating charges640/8 | - | €292 | €297 | €398 | €646 | ▲ 62.1% |
| Gross operating margin9900 | €16k | €17k | €15k | €12k | €19k | ▲ 61.1% |
| Operating profit (loss)9901 | €14k | €17k | €14k | €11k | €8k | ▼ 29.5% |
| Financial income75/76B | - | €1 | - | €4k | €5k | ▲ 13.3% |
| Recurring financial income75 | €89 | €1 | - | €4k | €5k | ▲ 13.3% |
| Financial charges65/66B | - | €120 | €114 | €114 | €40 | ▼ 65.1% |
| Recurring financial charges65 | €112 | €120 | €114 | €114 | €40 | ▼ 65.1% |
| Profit (loss) for the period before taxes9903 | €14k | €17k | €14k | €15k | €13k | ▼ 17.4% |
| Income taxes67/77 | €2k | €4k | €3k | €3k | €4k | ▲ 13.7% |
| Profit (loss) for the period9904 | €12k | €13k | €11k | €12k | €9k | ▼ 25.9% |
| Profit (loss) for the period to be appropriated9905 | €12k | €13k | €11k | €12k | €9k | ▼ 25.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €198k | €210k | €221k | €233k | €242k | ▲ 3.6% |
| Fixed assets21/28 | €403 | - | - | - | €22k | - |
| Tangible fixed assets22/27 | €403 | - | - | - | €22k | - |
| Furniture and vehicles24 | - | - | - | - | €22k | - |
| Current assets29/58 | €198k | €210k | €221k | €233k | €220k | ▼ 5.8% |
| Amounts receivable within one year40/41 | €33k | €13k | €16k | €13k | €20k | ▲ 45.4% |
| Trade receivables40 | - | €10k | €10k | €11k | €18k | ▲ 71.8% |
| Other amounts receivable41 | - | €3k | €5k | €3k | €1k | ▼ 60.5% |
| Current investments50/53 | €102k | €102k | €2k | €152k | €152k | = |
| Cash at bank and in hand54/58 | €62k | €94k | €203k | €66k | €46k | ▼ 29.8% |
| Deferred charges and accrued income490/1 | - | €480 | €492 | €2k | €2k | ▲ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €198k | €210k | €221k | €233k | €242k | ▲ 3.6% |
| Equity10/15 | €194k | €207k | €218k | €231k | €240k | ▲ 3.9% |
| Contributions10/11 | €7k | €7k | €7k | €9k | €9k | = |
| Outside capital11 | - | €7k | €7k | €9k | - | - |
| Other1109/19 | - | €7k | €7k | €9k | - | - |
| Reserves13 | €2k | €2k | €2k | - | - | - |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Profit (loss) carried forward14 | €186k | €199k | €210k | €222k | €231k | ▲ 4.0% |
| Amounts payable17/49 | €4k | €3k | €2k | €3k | €2k | ▼ 23.6% |
| Amounts payable within one year42/48 | €4k | €3k | €2k | €3k | €2k | ▼ 23.6% |
| Trade debts44 | €1k | €2k | €1k | €1k | €387 | ▼ 71.0% |
| Suppliers440/4 | - | €2k | €1k | €1k | €387 | ▼ 71.0% |
| Taxes, remuneration and social security45 | - | €961 | €1k | €1k | €912 | ▼ 29.3% |
| Taxes450/3 | - | €961 | €1k | €1k | €912 | ▼ 29.3% |
| Other amounts payable47/48 | - | - | - | €291 | €930 | ▲ 219% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €13k | €11k | €12k | €9k | ▼ 25.9% |
| + Depreciation and write-downs630 | €2k | €403 | - | - | €10k | - |
| Operating cash flow (approximation) | €14k | €13k | €11k | €12k | €19k | ▲ 58.4% |
| Change in cash | - | €32k | €108k | €-137k | €-20k | ▲ 85.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €9k ▼25.9%
Net result drops to €9k, the lowest in the series.
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €13k ▲5.9%
Operating result €17k, net result €13k, both a record.
31-12
Financial
Equity above €200kEq €207k ▲6.7%
4 profitable years in a row build equity to €207k.
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Grez-Doiceau · 1 establishment unit since 2000
Ground area
244 m²
Building footprint
58 m²
Volume, LiDAR
355 m³
Parcel 25012A0289/00P000, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue Aimé Hoslet 26, 1390 Grez-Doiceau
since 20002.093.732.132
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25012A0289/00P000 | Wallonia | 244 m² | 1 · 58 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 39,095 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-02-2000
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.