Masselco
The computed 12-month bankruptcy probability of Masselco is 2.8% (moderate). The 2024 annual accounts show negative equity (€-24k) and a net result of €-27k. Its solvency ranks better than 20% of 3348 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-24k |
| Net result | €-27k |
| Better than sector | 20% |
| Active | 4 yrs |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -13.5% | 25.2% | |
| Net result | €-27k | €4k | |
| Equity | €-24k | €23k | |
| Gross operating margin | €36k | €19k | |
| Staff costs | €62k | €27k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-26k |
| Net profit | €-27k |
| Cash flow | €-26k |
| Staff costs | €62k |
| Income taxes | - |
| Dividends | - |
| Total assets | €176k |
| Equity | €-24k |
| Debt | €200k |
| of which ≤ 1y | €200k |
| of which > 1y | - |
| Working capital | €-33k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.84 |
| Quick ratio | 0.84 |
| Working capital ratio | -18.4% |
| Solvency | -13.5% |
| Debt / equity | -8.42 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -15.4% |
| ROE | 114.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €176k |
| Fixed assets | 21/28 | €9k |
| Tangible fixed assets | 22/27 | €9k |
| Current assets | 29/58 | €168k |
| Amounts receivable within one year | 40/41 | €168k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €176k |
| Equity | 10/15 | €-24k |
| Accumulated profits (losses) | 14 | €-24k |
| Amounts payable | 17/49 | €200k |
| Amounts payable within one year | 42/48 | €200k |
| Trade debts payable within one year | 44 | €124k |
| Income statement | ||
| Gross operating margin | 9900 | €36k |
| Operating result | 9901 | €-27k |
| Result before taxes | 9903 | €-27k |
| Net result for the period | 9904 | €-27k |
| Result to be appropriated | 9905 | €-27k |
| NACE primary | Wholesale trade(46500) |
| Legal form | Private limited company(610) |
| Incorporation | 02-06-2022 |
| Status | Active |
| Postal code | 8620 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0413/00C002 | Flanders | 5,884 m² | 1 · 736 m² | 21.8 m · 6 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
08-08-2023 Transaction in capital or shares
Technical details
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"events": [
{
"kind": "share_transfer",
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"delta_eur": null,
"before_eur": null,
"subscribers": [
{
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"kind": "person",
"name": "Stijn Vandeuren",
"share_class": null,
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"n_shares_subscribed": 60,
"contribution_amount_eur": null
},
{
"kbo": null,
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"kind": "person",
"name": "Marcel Lambaerts",
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}
],
"decrease_purpose": null,
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"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Nieuwpoort",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": null,
"filing_date": "2023-07-31",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"act_date": "2023-06-26",
"unanimous": null,
"under_authorized_capital": false,
"underlying_resolution_date": "2023-06-26"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0786.754.627",
"name_full": "ONDERNEvil afdeling VEURNE",
"legal_form": "BV",
"is_foreign_registered": false
},
"publication_proxy": {
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"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"shareholders_after": [],
"share_classes_after": []
}13-10-2022 Registered office moved from Westerlo to Nieuwpoort
- Lindenstraat 30, 2260 Westerlo → 8620, Nieuwpoort, Vlaanderenstraat 10, bus 504
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "8620, Nieuwpoort, Vlaanderenstraat 10, bus 504",
"city": "Nieuwpoort",
"region": "vlaams_gewest",
"street": "Vlaanderenstraat",
"country": "BE",
"postcode": "8620",
"box_number": "504",
"street_number": "10",
"locality_suffix": null
},
"old_address": {
"raw": "Lindenstraat 30, 2260 Westerlo",
"city": "Westerlo",
"region": "vlaams_gewest",
"street": "Lindenstraat",
"country": "BE",
"postcode": "2260",
"box_number": null,
"street_number": "30",
"locality_suffix": null
},
"effective_date": "2022-08-29",
"evidence_quote": "De zetel van de vennootschap is sedert 29/08/2022 verplaatst van 2260, Westerlo, Lindenstraat 30 naar 8620, Nieuwpoort, Vlaanderenstraat 10, bus 504 bij beslissing van de bestuurder.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
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"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-10-13",
"filing_date": "2022-10-03",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "enige_bestuurder",
"date": "2022-09-23",
"unanimous": null
},
"subject_company": {
"kbo": "0786.754.627",
"name_full": "MASSELCO",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Lambaerts Marcel",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"Uittreksel uit het verslag van de vergadering van de enige bestuurder gehouden op de zetel van de vennootschap op 23/09/2022"
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Masselco |