Financials
- Fiscal year
- 2025
- Total assets
- €381,145
- Profit
- €27,129
- Solvency
- 14.4%
Total assets▲ 1.0%
Net result
20192025
MASSENA
ActiveSummary
MASSENA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54,838 and a net result of €27,129. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 21069 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110NACE 47113Supermarkets NACE 47114
1 site
Size
€381,145total assets 2025
- Staff
- 2.8 FTE
- Equity
- €54,838
- Profit
- €27,129
Turnover not published (abridged schema)
Structure
Accounts 1 d early0 of 5 deeds read
Why 87- Sector Retail trade (NACE 47)- Equity €54,838 (14.4% of total assets)+ Liquidity: current ratio 1.03, cash €154,072+ Founded in 2006Show the evidence
Checked score
Score 2025
87
/ 100
Excellent
Probability in this band: under 0.55%
Better than 64% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
39+7
equity 14.4% of total assets
Liquidity
62+9
short-term debt 71.2% · cash 40.4%
Profitability
78+27
return on assets 7.1%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.0%
12-2024: 1.2%▲ +24.7% vs 11-2024highest value
01-2025: 0.3%▼ -71.9% vs 12-2024
02-2025: 0.3%● 0.0% vs 01-2025
03-2025: 0.3%● 0.0% vs 02-2025
04-2025: 0.3%▼ -1.7% vs 03-2025
05-2025: 0.3%▲ +1.8% vs 04-2025
06-2025: 0.3%● 0.0% vs 05-2025
07-2025: 0.3%▼ -0.6% vs 06-2025
08-2025: 0.3%▲ +0.9% vs 07-2025
09-2025: 0.3%▼ -4.3% vs 08-2025
10-2025: 0.4%▲ +17.2% vs 09-2025
11-2025: 0.6%▲ +56.8% vs 10-2025
12-2025: 0.2%▼ -62.0% vs 11-2025
01-2026: 0.2%● 0.0% vs 12-2025
02-2026: 0.2%● 0.0% vs 01-2026
03-2026: 0.2%● 0.0% vs 02-2026
04-2026: 0.2%▼ -0.9% vs 03-2026
05-2026: 0.2%● 0.0% vs 04-2026
06-2026: 0.2%● 0.0% vs 05-2026
07-2026: 0.2%▲ +6.5% vs 06-2026
08-2026: 0.2%▼ -1.2% vs 07-2026
09-2026: 0.2%▼ -5.4% vs 08-2026lowest value
10-2026: 0.3%▲ +31.4% vs 09-2026
- Liquidity: current ratio 1.03, cash €154,072 lowers the probability
- Sector Retail trade (NACE 47) raises the probability
- Founded in 2006 lowers the probability for this profile
- Equity €54,838 (14.4% of total assets) raises the probability
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 0.92 in 2024; short-term debt: 71.2% and cash: 40.4% of total assets), and 85.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 30%, liquidity 68%, profitability 67%, growth against the median 92%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €54,838
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
29 d late
2023
27 d late
2022
55 d early
2021
55 d early
2020
40 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 October (5 of the last 5 filed years within 54 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close03-10-2026 today31-10-2026 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €27,129
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2016
- Next accounts
- by 31-10-2026
- 30-10-2025Annual accounts filed
- 31-03-2025Back to profit
- 29-11-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Non-specialised retail sale with food, beverages or tobacco…NACE 47110
- Founded
- 08-05-2006
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
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