Massivit 3D Europe
ActiveSummary
The annual accounts of Massivit 3D Europe for fiscal year 2025 show a net loss of 94% of the equity at the start of that year. The 2025 annual accounts show equity of €4k and a net result of €-59k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 126 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▼-45
Solvency25▼-3
Growth22▼-16
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
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 tight (current ratio 1.02 against 1.02 in 2024; short-term debt: 97.7% and cash: 0.9% of total assets), and 99.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Sector 26
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 126 sector peers (2025).
NBB · sector comparisonPosition among 126 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 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 · 4 filingsDeviation from the deadline
2025
48 d late
2024
50 d late
2023
41 d late
2022
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€4.57M▼ 15.1%
2022 · €5.38M
2022: €5.38M
2022 → 2023
EBIT margin
-1.0%▼ 2.8pp
2022 · 1.8%
2022: 1.8%
2022 → 2023
Net result
€-59k
2024 · €98k
2022: €57k
2023: €-111k
2024: €98k
2022 → 2025
Working capital
€27k▼ 42.1%
2024 · €46k
2022: €-102k
2023: €-168k
2024: €46k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€5.38M-€4.57M▼ 15.1%
Equity€76k-€-35k€63k€4k▼ 94.4%
Operating result€98k-€-44k€100k€8k▼ 91.5%
Net result€57k-€-111k€98k€-59k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.58M
Fixed assets
€9k ▼ 80.9%
Current assets
€1.57M ▼ 34.2%
Equity and liabilities €1.58M
Equity
€4k ▼ 94.4%
Debt
€1.58M ▼ 33.6%
Debt's share of the balance-sheet total rises from 97.4% to 99.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€46k▼
2024 · €171k
Cash flow
€-22k▼
2024 · €170k
Current ratio
1.02▼
2024 · 1.02
Quick ratio
0.68▲
2024 · 0.44
ROA
-3.7%▼
2024 · 4.0%
Interest coverage
0.68▼
2024 · 4.96
Debt ≤ 1 year
€1.55M▼
2024 · €2.34M
Income taxes
€113▼
2024 · €831
Staff costs
€257k▲
2024 · €247k
A ratio outside any meaningful range has been withheld (balance sheet total €1.58M, equity €4k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.44M€1.58M▼
Fixed assets21/28€46k€9k▼
Tangible fixed assets22/27€46k€8k▼
Plant, machinery and equipment23€31k€836▼
Furniture and vehicles24€11k€5k▼
Other tangible fixed assets26€5k€3k▼
Financial fixed assets28€500€625▲
Current assets29/58€2.39M€1.57M▼
Stocks and contracts in progress3€1.36M€525k▼
Stocks30/36€1.36M€525k▼
Amounts receivable within one year40/41€734k€1.03M▲
Trade receivables40€718k€1.02M▲
Other amounts receivable41€15k€14k▼
Cash at bank and in hand54/58€269k€15k▼
Deferred charges and accrued income490/1€26k€915▼
Equity and liabilities
Total equity and liabilities10/49€2.44M€1.58M▼
Equity10/15€63k€4k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€44k€-15k▼
Amounts payable17/49€2.37M€1.58M▼
Amounts payable within one year42/48€2.34M€1.55M▼
Trade debts44€1.19M€247k▼
Suppliers440/4€1.19M€247k▼
Advances received on contracts in progress46€0€315▲
Taxes, remuneration and social security45€31k€28k▼
Taxes450/3€251€5k▲
Remuneration and social security454/9€31k€23k▼
Other amounts payable47/48€1.12M€1.27M▲
Accrued charges and deferred income492/3€30k€32k▲
Income statement
Code20242025
Remuneration, social security and pensions62€247k€257k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€37k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-505k€-296k▲
Other operating charges640/8€400k€240k▼
Gross operating margin9900€313k€247k▼
Operating profit (loss)9901€100k€8k▼
Financial income75/76B€34k€0▼
Recurring financial income75€34k€0▼
Financial charges65/66B€34k€68k▲
Recurring financial charges65€34k€68k▲
Profit (loss) for the period before taxes9903€99k€-59k▼
Income taxes67/77€831€113▼
Profit (loss) for the period9904€98k€-59k▼
Profit (loss) for the period to be appropriated9905€98k€-59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€-15k▼
Profit (loss) brought forward from the previous period14P€-54k€44k▲
Social balance
Average headcount (FTE)90873.02.7▼
The notes to these accounts (12 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
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 48 days late
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 50 days late
2024
31-12
Financial
Back to profitnet €98k
Net result €98k after one loss-making year.
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 41 days late
2023
31-12
Financial
Weakest financial yearnet €-111k ▼294%
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Aalst · 1 establishment unit since 2021
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.
Groeneweg 179320 AalstGround area
7,508 m²
Building footprint
1,438 m²
Volume, LiDAR
5,686 m³
2 parcels, Flanders · tallest building 26.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Massivit 3D Europe
since 20212.321.104.387
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23051B0381/00A000 | Flanders | 3,874 m² | 1 · 639 m² | 0.1 m |
| 41342B0933/00H000 | Flanders | 3,635 m² | 1 · 798 m² | 26.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 7,500 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,500 EUR | 0 EUR |
Schemes
Subsidies voor internationaal ondernemen
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REVOLVE MEDIA
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GRIDEEN
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DGGD
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Of 71 companies in sector 26120 we hold annual accounts for 52. 7 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
26120Manufacture of computer, electronic and optical products
46649Wholesale of other machinery and equipment
47400Retail sale of information and communication equipment
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
74120Graphic design and visual communication
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.