MASSIMO OSPI

Active

Private limited companyfounded 20215 yrs activeDaalbroekstraat 34, 3621 Lanaken, BelgiumKBO/BCE: BE 0765.855.184

The computed 12-month bankruptcy probability of MASSIMO OSPI is 3.3% (moderate). The annual accounts of MASSIMO OSPI for fiscal year 2024 show a net loss of 82% of the equity at the start of that year. The 2024 annual accounts show equity of €7k and a net result of €-34k. Equity is shrinking by ~35.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 11% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

29 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-87

Solvency29▼-35

Growth32▼-20

Track record94

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity short (current ratio 0.61 against 1.42 in 2023; short-term debt: 43.2% and cash: 1.6% of total assets), and 96% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

Return on assets

-18.3%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 36375 sector peers (2024).

NBB · sector comparison

Position among 36375 sector peers

Solvency

better than 11%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

38 d early

2023

36 d early

2022

17 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€7k▼ 82.1%

2023 · €41k

2022: €25k 2023: €41k

2022 → 2024

Total assets

€183k▲ 74.4%

2023 · €105k

2022: €98k 2023: €105k

2022 → 2024

Net result

€-34k

2023 · €16k

2022: €23k 2023: €16k

2022 → 2024

Working capital

€-31k

2023 · €24k

2022: €7k 2023: €24k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€25k-€41k▲ 62.7%€7k▼ 82.1%

Operating result€34k-€28k▼ 19.0%€-28k

Net result€23k-€16k▼ 31.9%€-34k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €28k after €28k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €183k

73.5%

26.5%

Fixed assets €135k▲ 491%

Current assets €49k▼ 41.1%

Equity and liabilities €183k

96.0%

Equity €7k▼ 82.1%

Debt €176k▲ 174%

The debt ratio rises from 61.1% to 96.0%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-18k▼

2023 · €37k

Cash flow

€-24k▼

2023 · €25k

Solvency

4.0%▼

2023 · 38.9%

Current ratio

0.61▼

2023 · 1.42

Quick ratio

0.53▼

2023 · 1.42

Debt / equity

24.02▲

2023 · 1.57

ROE

-458.4%▼

2023 · 38.5%

ROA

-18.3%▼

2023 · 15.0%

Interest coverage

-3.00▼

2023 · 17.87

Debt

€176k▲

2023 · €64k

Debt ≤ 1 year

€79k▲

2023 · €58k

Debt > 1 year

€97k▲

2023 · €6k

Income taxes

€188▼

2023 · €10k

Staff costs

€123k▲

2023 · €121k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€105k€183k▲

Fixed assets21/28€23k€135k▲

Tangible fixed assets22/27€23k€135k▲

Land and buildings22-€120k

Plant, machinery and equipment23€6k€6k▼

Furniture and vehicles24€5k€2k▼

Leasing and similar rights25€12k€7k▼

Current assets29/58€82k€49k▼

Stocks and contracts in progress3-€6k

Stocks30/36-€6k

Amounts receivable within one year40/41€52k€37k▼

Trade receivables40€48k€35k▼

Other amounts receivable41€4k€2k▼

Cash at bank and in hand54/58€29k€3k▼

Deferred charges and accrued income490/1€2k€2k▲

Equity and liabilities

Total equity and liabilities10/49€105k€183k▲

Equity10/15€41k€7k▼

Contributions10/11€2k€2k=

Reserves13€39k€39k=

Distributable reserves133€39k€39k=

Profit (loss) carried forward14-€-34k

Amounts payable17/49€64k€176k▲

Amounts payable after more than one year17€6k€97k▲

Financial debts170/4€6k€97k▲

Amounts payable within one year42/48€58k€79k▲

Current portion of amounts payable after more than one year42€16k€10k▼

Trade debts44€24k€41k▲

Suppliers440/4€24k€41k▲

Taxes, remuneration and social security45€8k€7k▼

Taxes450/3€121€470▲

Remuneration and social security454/9€8k€6k▼

Other amounts payable47/48€11k€22k▲

Accrued charges and deferred income492/3-€16

Income statement Code20232024

Remuneration, social security and pensions62€121k€123k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲

Other operating charges640/8€2k€18k▲

Gross operating margin9900€160k€123k▼

Operating profit (loss)9901€28k€-28k▼

Financial income75/76B€47€32▼

Recurring financial income75€47€32▼

Financial charges65/66B€2k€6k▲

Recurring financial charges65€2k€6k▲

Profit (loss) for the period before taxes9903€26k€-33k▼

Income taxes67/77€10k€188▼

Profit (loss) for the period9904€16k€-34k▼

Profit (loss) for the period to be appropriated9905€16k€-34k▼

Appropriation of the result

Profit (loss) to be appropriated9906€16k€-34k▼

Transfer to equity691/2€16k-

To other reserves6921€16k-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

2025

23-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-34k ▼313%

Net result drops to €-34k, the lowest in the series.

25-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

14-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Lanaken · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Daalbroekstraat 343621 Lanaken

Ground area

440 m²

Parcel 73064A0724/00B000, Flanders. Linked by address, not a title deed.

1 establishment unit

MASSIMO OSPI

Daalbroekstraat 34, 3621 LanakenPlumbing work

since 20212.315.472.746

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
73064A0724/00B000	Flanders	440 m²	-	-

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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 164 EUR awarded · 128 EUR paid

Year	Entries	awarded	paid
2025	1	164 EUR	128 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 164 EUR · 128 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 3,963 companies in sector 43331 we hold annual accounts for 1,791. 912 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded30-03-2021

Fiscal year end31-12

Activities, NACEBEL

43331Floor and wall tiling

41001General construction of residential buildings

41002Construction of residential and non-residential buildings

41003General construction of other non-residential buildings

43110Demolition

43221Plumbing work

43310Plastering work

47521Retail sale of hardware, building materials, paint and glass (general range)

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.