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Massif Ardennes

Active
Private limited companyfounded 2025active for 1 yearRue de la Hazette, Nivelet 11, 6860 Léglise, BelgiumKBO/BCE: BE 1021.377.138
Summary

Massif Ardennes has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51,556 and a net result of -€8,445. Its solvency ranks better than 60% of 655 sector peers (NACE 16, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Risk analysisFollow ReportCompare
Massif ArdennesActiveChecked score 65/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of other builders' carpentry and joinery
NACE 16230
2 sites
Size
€97,269total assets 2025
Equity
€51,556
Loss
-€8,445
Turnover not published (micro format)
Financial health
65 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.0%
Structure
Largest shareholder
RD IMPULSE · 33.33%
Board
4 members
2025 accounts 65 days early
Why 65raises riskFounded in 2025Size: total assets €97,269lowers riskLiquidity: current ratio 1.38, cash €14,843Equity €51,556 (53.0% of total assets)Show the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 36% of its sector peers (NACE 16, micro)
Every signal that counts is listed under Signals.
Financial strength
Weak
Solvency 78
equity 53.0% of total assets
Liquidity 46
short-term debt 47.0% · cash 15.3%
Profitability 8
return on assets -8.7%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (1,032 companies, NACE 16, micro)
Last 24 months 04-2026: 2.0%highest value 05-2026: 2.0%● unchanged vs 04-2026highest value 06-2026: 0.9%▼ -1.1 percentage points vs 05-2026lowest value 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 0.9%● unchanged vs 07-2026 09-2026: 1.0%▲ +0.1 percentage points vs 08-2026 10-2026: 1.0%● unchanged vs 09-2026
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.38, below the usual 1.5; short-term debt: 47% and cash: 15.3% of total assets), and 47% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 16, micro): better than 59% on solvency, 36% on liquidity and 11% on profitability.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Founded in 2025
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 1.38, cash €14,843
NBB · annual accounts
lowers risk · Equity €51,556 (53.0% of total assets)
NBB · annual accounts
raises risk · Size: total assets €97,269
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-05-2026, 65 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
65 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2025.
KBO publications · our coverage
  1. Capital & shares · Amendment of…Capital increase · Declaration ·…
  2. Annual accounts filedfinancial year 2025 · micro…
  3. IncorporationAppointments: COLLARD Marie, Lise, Françoise…

Key points

  • Caution: Among the weakest 16% on net resultsector median €8,962 · 656 companies -€8,445 View
  • Board4 directors in office 4 View
  • Total assets 2025first financial year filed €97,269 View

By topic

Financials

Financial year
2025
Total assets
€97,269
Loss
-€8,445
Solvency
53.0%
Go to Financials

Board & ownership

Board
4 members
Largest shareholder
RD IMPULSE · 33.33%
  • BOLS Christian-Marie, Jean, Jules, GhislainDaily manager
  • CHARLIER Antoine, Louis, Raphaël, JosephDaily manager
  • COLLARD Marie, Lise, FrançoiseDirector
  • de HALLEUX LisaDirector
Go to Board & ownership

Company details

Sites
2
Legal form
Private limited company
Activity
Manufacture of other builders' carpentry and joineryNACE 16230
Founded
24-03-2025
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
36
Purpose
“Toutes opérations,activités et prestations relatives à la gestion,à l’organisation,à la…” (deed in French)
Go to Articles of association

Key facts about Massif Ardennes

What is the company number of Massif Ardennes?
1021.377.138. In Belgium the VAT number is the company number with BE in front: BE 1021.377.138.
Where is Massif Ardennes based?
The registered office is at Rue de la Hazette, Nivelet 11, 6860 Léglise.Company details
What does Massif Ardennes do?
According to the KBO register, the main activity is manufacture of other builders' carpentry and joinery (NACE 16230).
What is the legal form of Massif Ardennes?
Private limited company (BV).
When was Massif Ardennes founded?
On 24-03-2025.
Is Massif Ardennes still active?
Yes, Massif Ardennes is an active enterprise in the KBO register.
What is the turnover of Massif Ardennes?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is Massif Ardennes profitable?
In financial year 2025, Massif Ardennes made a loss of €8,445.
Where can I find the annual accounts of Massif Ardennes?
Massif Ardennes filed 1 annual account with the National Bank of Belgium, for financial year 2025.

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