MASSIMMO
ActiveMASSIMMO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €623k and a net result of €-96k. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 4504 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency100▲+52
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.52 against 1.19 in 2024), and 33.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
on the day
2022
8 d early
2021
58 d early
2020
3 d early
2019
49 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-96k
2024 · €874k
2018: €18k
2019: €22k
2020: €18k
2021: €-35k
2022: €5k
2023: €66k
2024: €874k
2018 → 2025
Working capital
€233k▼ 26.3%
2024 · €316k
2018: €-170k
2019: €-118k
2020: €-79k
2021: €-102k
2022: €-109k
2023: €-58k
2024: €316k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.50M-€1.43M▼ 5.0%€1.39M▼ 2.4%€718k▼ 48.4%€623k▼ 13.3%
Operating result€-41k-€-2k▲ 95.3%€58k€1.15M▲ 1,902%€-95k
Net result€-35k-€5k€66k▲ 1,261%€874k▲ 1,223%€-96k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €95k after €1.15M in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €941k
Fixed assets
€556k▼ 5.2%
Current assets
€386k▼ 80.3%
Equity and liabilities €941k
Equity
€623k▼ 13.3%
Debt
€319k▼ 82.5%
The debt ratio falls from 71.7% to 33.9%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-55k▼
2024 · €1.19M
Cash flow
€-56k▼
2024 · €913k
Solvency
66.1%▲
2024 · 28.3%
Current ratio
2.52▲
2024 · 1.19
Quick ratio
2.52▲
2024 · 1.19
Debt / equity
0.51▼
2024 · 2.54
ROE
-15.4%▼
2024 · 121.7%
ROA
-10.2%▼
2024 · 34.4%
Interest coverage
-18.57▼
2024 · 74.29
Debt
€319k▼
2024 · €1.82M
Debt ≤ 1 year
€153k▼
2024 · €1.64M
Debt > 1 year
€166k▼
2024 · €183k
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€2.54M€941k▼
Fixed assets21/28€586k€556k▼
Tangible fixed assets22/27€586k€556k▼
Land and buildings22€586k€556k▼
Current assets29/58€1.96M€386k▼
Amounts receivable within one year40/41€165k€251k▲
Trade receivables40€110k-
Other amounts receivable41€55k€251k▲
Current investments50/53€125k-
Cash at bank and in hand54/58€1.67M€134k▼
Equity and liabilities
Total equity and liabilities10/49€2.54M€941k▼
Equity10/15€718k€623k▼
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€594k€499k▼
Non-distributable reserves130/1€67k€67k=
Legal reserve130€67k€67k=
Distributable reserves133€528k€432k▼
Amounts payable17/49€1.82M€319k▼
Amounts payable after more than one year17€183k€166k▼
Financial debts170/4€183k€165k▼
Other amounts payable178/9€920€920=
Amounts payable within one year42/48€1.64M€153k▼
Current portion of amounts payable after more than one year42€17k€17k▲
Trade debts44€155€1k▲
Suppliers440/4€155€1k▲
Taxes, remuneration and social security45€56k€47k▼
Taxes450/3€56k€47k▼
Other amounts payable47/48€1.57M€86k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€40k▲
Other operating charges640/8€45k€4k▼
Gross operating margin9900€1.24M€-51k▼
Operating profit (loss)9901€1.15M€-95k▼
Financial income75/76B€0€2k▲
Recurring financial income75€0€2k▲
Financial charges65/66B€16k€3k▼
Recurring financial charges65€16k€3k▼
Profit (loss) for the period before taxes9903€1.14M€-96k▼
Transfer from deferred taxes780€225k-
Income taxes67/77€487k-
Profit (loss) for the period9904€874k€-96k▼
Transfer from tax-exempt reserves789€674k-
Profit (loss) for the period to be appropriated9905€1.55M€-96k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.55M€-96k▼
Transfer from equity791/2-€96k
Profit to be distributed694/7€1.55M-
Return on contributions (dividend)694€1.55M-
The notes to these accounts (7 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €-96k ▼111%
Net result drops to €-96k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 2.52
Current ratio from 1.19 to 2.52; short-term debt falls from €1.64M to €153k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €874k ▲1223%
Operating result €1.15M, net result €874k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Hove · 1 establishment unit since 1989
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.
Veldkantvoetweg 982540 HoveGround area
326 m²
Building footprint
136 m²
Volume, LiDAR
900 m³
Parcel 11021B0228/00G000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Veldkantvoetweg 98, 2540 Hove
since 19892.044.280.542
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021B0228/00G000 | Flanders | 326 m² | 1 · 136 m² | 10.3 m · 2 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
699400005BSYDQL5XV19
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Of 11,979 companies in sector 68203 we hold annual accounts for 5,948. 4,346 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-06-1989
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.