Masschelein
ActiveMasschelein has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114k and a net result of €45k. Its solvency ranks better than 20% of 7740 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-5
Solvency36▲+2
Growth52
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.5 in 2024; short-term debt: 38% and cash: 3.3% of total assets), and 88.6% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.4%
Return on assets
4.4%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 7740 sector peers (2025).
NBB · sector comparisonPosition among 7740 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
2 d late
2024
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€114k▲ 64.1%
2024 · €70k
2024: €70k
2024 → 2025
Total assets
€1.00M▲ 27.4%
2024 · €786k
2024: €786k
2024 → 2025
Net result
€45k▼ 30.9%
2024 · €65k
2024: €65k
2024 → 2025
Working capital
€-319k▼ 155%
2024 · €-125k
2024: €-125k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€70k-€114k▲ 64.1%
Operating result€88k-€78k▼ 11.6%
Net result€65k-€45k▼ 30.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.00M
Fixed assets
€940k▲ 42.5%
Current assets
€62k▼ 51.1%
Equity and liabilities €1.00M
Equity
€114k▲ 64.1%
Debt
€888k▲ 23.9%
The debt ratio falls from 91.2% to 88.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€158k▼
2024 · €240k
Cash flow
€125k▼
2024 · €217k
Solvency
11.4%▲
2024 · 8.8%
Current ratio
0.16▼
2024 · 0.50
Quick ratio
0.16▼
2024 · 0.50
Debt / equity
7.78▼
2024 · 10.31
ROE
39.1%▼
2024 · 92.8%
ROA
4.4%▼
2024 · 8.2%
Interest coverage
7.39▼
2024 · 16.57
Debt
€888k▲
2024 · €717k
Debt ≤ 1 year
€381k▲
2024 · €251k
Debt > 1 year
€507k▲
2024 · €465k
Income taxes
€12k▼
2024 · €20k
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€786k€1.00M▲
Fixed assets21/28€660k€940k▲
Tangible fixed assets22/27€660k€940k▲
Land and buildings22-€849k
Furniture and vehicles24-€91k
Assets under construction and advance payments27€660k€0▼
Current assets29/58€126k€62k▼
Amounts receivable within one year40/41€19k€28k▲
Trade receivables40€19k€28k▲
Other amounts receivable41€68€42▼
Cash at bank and in hand54/58€106k€33k▼
Deferred charges and accrued income490/1€1k€883▼
Equity and liabilities
Total equity and liabilities10/49€786k€1.00M▲
Equity10/15€70k€114k▲
Contributions10/11€5k€5k=
Reserves13€65k€109k▲
Distributable reserves133€65k€109k▲
Amounts payable17/49€717k€888k▲
Amounts payable after more than one year17€465k€507k▲
Financial debts170/4€465k€507k▲
Amounts payable within one year42/48€251k€381k▲
Current portion of amounts payable after more than one year42€26k€48k▲
Financial debts43€1k€0▼
Credit institutions430/8€1k€0▼
Trade debts44€16k€0▼
Suppliers440/4€16k€0▼
Taxes, remuneration and social security45€42k€22k▼
Taxes450/3€42k€22k▼
Other amounts payable47/48€166k€311k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€152k€80k▼
Other operating charges640/8€455€126▼
Gross operating margin9900€241k€158k▼
Operating profit (loss)9901€88k€78k▼
Financial income75/76B€11k€529▼
Recurring financial income75€11k€529▼
Financial charges65/66B€15k€21k▲
Recurring financial charges65€15k€21k▲
Profit (loss) for the period before taxes9903€84k€57k▼
Income taxes67/77€20k€12k▼
Profit (loss) for the period9904€65k€45k▼
Profit (loss) for the period to be appropriated9905€65k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€45k▼
Transfer to equity691/2€65k€45k▼
To other reserves6921€65k€45k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Equity above €100kEq €114k ▲64.1%
2 profitable years in a row build equity to €114k.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
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, Torhout · 1 establishment unit since 2022
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.
Ruitjesbosstraat 288820 TorhoutGround area
2,684 m²
Building footprint
217 m²
Volume, LiDAR
69 m³
Parcel 31522D0231/00E002, Flanders · tallest building 9.8 m. Linked by address, not a title deed.
1 establishment unit
Masschelein
since 20222.335.772.767
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522D0231/00E002 | Flanders | 2,684 m² | 1 · 217 m² | 9.8 m |
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
ELSAFLO
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SOCRI
BE 0809.056.610
Knokke-Heist · Eq €114k
J&C
BE 0633.908.658
Pepingen · Eq €114k
CONVENIENCE INNOVATIONS
BE 0463.674.648
Waregem · Eq €114k
MISKY
BE 0799.777.371
Leuven · Eq €114k
Of 24,503 companies in sector 82990 we hold annual accounts for 9,402. 7,165 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-09-2022
Fiscal year end30-06
Activities, NACEBEL
82990Other business support services
64200Holdings
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.