MASSANT CREATION
ActiveMASSANT CREATION has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €138k and a net result of €-30k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability31▼-58
Solvency43▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.41 in 2023; short-term debt: 26.6% and cash: 1.7% of total assets), but 81.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 31
Relative position
BE, all sectors
reference
Sector 31
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
18.1%
Return on assets
-3.9%
Age of the figures
21 mo
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 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
6 d late
2022
28 d late
2021
29 d late
2020
30 d late
2019
85 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-30k
2023 · €178k
2018: €-107k
2019: €-23k
2020: €40k
2021: €24k
2022: €-80k
2023: €178k
2018 → 2024
Working capital
€154k▼ 23.2%
2023 · €201k
2018: €132k
2019: €121k
2020: €165k
2021: €196k
2022: €122k
2023: €201k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€146k-€171k▲ 16.6%€91k▼ 46.8%€168k▲ 85.7%€138k▼ 17.9%
Operating result€84k-€69k▼ 17.0%€-41k€213k€808▼ 99.6%
Net result€40k-€24k▼ 38.9%€-80k€178k€-30k
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 100% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €766k
Fixed assets
€408k▼ 5.3%
Current assets
€358k▼ 47.9%
Equity and liabilities €766k
Equity
€138k▼ 17.9%
Debt
€628k▼ 33.9%
The debt ratio falls from 84.9% to 81.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€65k▼
2023 · €275k
Cash flow
€34k▼
2023 · €240k
Solvency
18.1%▲
2023 · 15.1%
Current ratio
1.76▲
2023 · 1.41
Quick ratio
1.11▼
2023 · 1.14
Debt / equity
4.54▼
2023 · 5.64
ROE
-21.7%▼
2023 · 105.6%
ROA
-3.9%▼
2023 · 15.9%
Interest coverage
2.01▼
2023 · 7.69
Debt
€628k▼
2023 · €950k
Debt ≤ 1 year
€203k▼
2023 · €486k
Debt > 1 year
€420k▼
2023 · €464k
Income taxes
€190▲
2023 · €112
Staff costs
€45k▼
2023 · €52k
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€1.12M€766k▼
Fixed assets21/28€431k€408k▼
Tangible fixed assets22/27€431k€408k▼
Plant, machinery and equipment23€2k€880▼
Furniture and vehicles24€1k€40k▲
Leasing and similar rights25€425k€365k▼
Other tangible fixed assets26€3k€3k▼
Current assets29/58€687k€358k▼
Stocks and contracts in progress3€135k€131k▼
Stocks30/36€135k€131k▼
Amounts receivable within one year40/41€367k€150k▼
Trade receivables40€353k€143k▼
Other amounts receivable41€14k€7k▼
Current investments50/53-€55k
Cash at bank and in hand54/58€166k€13k▼
Deferred charges and accrued income490/1€19k€8k▼
Equity and liabilities
Total equity and liabilities10/49€1.12M€766k▼
Equity10/15€168k€138k▼
Contributions10/11€385k€385k=
Outside capital11€385k€385k=
Other1109/19€385k€385k=
Profit (loss) carried forward14€-217k€-247k▼
Amounts payable17/49€950k€628k▼
Amounts payable after more than one year17€464k€420k▼
Financial debts170/4€464k€420k▼
Amounts payable within one year42/48€486k€203k▼
Current portion of amounts payable after more than one year42€61k€72k▲
Trade debts44€319k€126k▼
Suppliers440/4€319k€126k▼
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€36€36=
Remuneration and social security454/9€6k€5k▼
Other amounts payable47/48€100k-
Accrued charges and deferred income492/3-€5k
Income statement
Code20232024
Non-recurring operating income76A€118-
Remuneration, social security and pensions62€52k€45k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€64k▲
Other operating charges640/8€1k€8k▲
Gross operating margin9900€328k€118k▼
Operating profit (loss)9901€213k€808▼
Financial income75/76B€682€2k▲
Recurring financial income75€682€2k▲
Financial charges65/66B€36k€32k▼
Recurring financial charges65€36k€32k▼
Profit (loss) for the period before taxes9903€178k€-30k▼
Income taxes67/77€112€190▲
Profit (loss) for the period9904€178k€-30k▼
Profit (loss) for the period to be appropriated9905€178k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-217k€-247k▼
Profit (loss) brought forward from the previous period14P€-394k€-217k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Back to profitnet €178k
Net result €178k after one loss-making year.
31-12
Financial
Equity above €150kEq €168k ▲85.7%
Equity rises from €91k to €168k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Equity above €150kEq €171k ▲16.6%
2 profitable years in a row build equity to €171k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €40k
Net result €40k after 2 loss-making years.
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 85 days late
2019
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 44 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2016
02-06
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.
Directors · office · real estate
Directors
9 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, Nivelles · 1 establishment unit since 2007
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.
Avenue Thomas Edison 901402 NivellesGround area
2,191 m²
Building footprint
1,078 m²
Parcel 25099D0012/00D003, Wallonia. Linked by address, not a title deed.
1 establishment unit
MASSANT CREATION
since 20072.161.567.004
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099D0012/00D003 | Wallonia | 2,191 m² | 1 · 1,078 m² | - |
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.
Similar companies · same sector, comparable size
LUTECH
BE 0897.055.109
Awans · Eq €142k
BUROFFICE CREATIONS
BE 0685.739.916
Duffel · Eq €134k
Unit 14
BE 0731.791.259
Antwerpen · Eq €145k
KP WORKX
BE 0793.738.231
Geraardsbergen · Eq €147k
RENOVATION DESIGN
BE 0747.891.576
Asse · Eq €129k
Of 446 companies in sector 31001 we hold annual accounts for 208. 153 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-03-2007
Fiscal year end31-12
Abbreviation FR
MASSANT
Activities, NACEBEL
31001Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36111
36122
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.