MASSON
ActiveSummary
MASSON has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €652,580 and a net result of -€16,045. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 62.98 against 11.46 in 2024; short-term debt: 0.4% and cash: 18.1% of total assets), and 0.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99.6%
Return on assets
-2.4%
Age of the figures
9 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€16,045
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
8 d early
2023
33 d early
2022
12 d early
2021
25 d late
2020
31 d late
2019
28 d late
← 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 2 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 19 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€652,580▼ 2.4%
2024 · €668,625
Total assets
€655,225▼ 4.4%
2024 · €685,233
Net result
-€16,045▲ 39.0%
2024 · -€26,304
Working capital
€163,945▼ 5.7%
2024 · €173,793
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€84,492▲ 90.9%€51,967▼ 38.5%€14,000▼ 73.1%-€28,891-€16,718▲ 42.1%
Net result€60,532above the sector's middle half▲ 139%€31,653above the sector's middle half▼ 47.7%€5,060within the sector's middle half▼ 84.0%-€26,304below the sector's middle half-€16,045below the sector's middle half▲ 39.0%
Equity€658,217above the sector's middle half▲ 10.1%€689,870above the sector's middle half▲ 4.8%€694,930above the sector's middle half▲ 0.7%€668,625above the sector's middle half▼ 3.8%€652,580above the sector's middle half▼ 2.4%
Total assets€666,975above the sector's middle half▲ 10.0%€701,288above the sector's middle half▲ 5.1%€703,869above the sector's middle half▲ 0.4%€685,233above the sector's middle half▼ 2.6%€655,225above the sector's middle half▼ 4.4%
Debt€8,758▲ 0.4%€11,418▲ 30.4%€8,940▼ 21.7%€16,608▲ 85.8%€2,645▼ 84.1%
Working capital€146,481above the sector's middle half▲ 26.5%€183,663above the sector's middle half▲ 25.4%€193,854above the sector's middle half▲ 5.5%€173,793above the sector's middle half▼ 10.3%€163,945above the sector's middle half▼ 5.7%
Solvency98.7%above the sector's middle half▲ 0.1pp98.4%above the sector's middle half▼ 0.3pp98.7%above the sector's middle half▲ 0.4pp97.6%above the sector's middle half▼ 1.2pp99.6%above the sector's middle half▲ 2.0pp
Current ratio17.73above the sector's middle half▲ 3.4517.09above the sector's middle half▼ 0.6422.68above the sector's middle half▲ 5.6011.46above the sector's middle half▼ 11.2262.98above the sector's middle half▲ 51.51
Return on assets (ROA)9.1%within the sector's middle half▲ 4.9pp4.5%within the sector's middle half▼ 4.6pp0.7%within the sector's middle half▼ 3.8pp-3.8%below the sector's middle half▼ 4.6pp-2.4%within the sector's middle half▲ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,718 in 2025 against €28,891 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €655,225
Fixed assets
€488,635 ▼ 1.3%
Current assets
€166,590 ▼ 12.5%
Equity and liabilities €655,225
Equity
€652,580 ▼ 2.4%
Debt
€2,645 ▼ 84.1%
Debt's share of the balance-sheet total falls from 2.4% to 0.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€10,522▲
2024 · -€22,647
Cash flow
-€9,849▲
2024 · -€20,060
Debt to equity
0.00▼
2024 · 0.02
ROE
-2.5%▲
2024 · -3.9%
Interest coverage
-232.98▲
2024 · -475.87
Debt ≤ 1 year
€2,645▼
2024 · €16,608
Income taxes
€213▲
2024 · €199
Staff costs
€386▼
2024 · €913
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €913 | €386 | ▼ 57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €239 | €5,851 | €6,121 | €6,244 | €6,196 | ▼ 0.8% |
| Other operating charges640/8 | €1,014 | €969 | €309 | €1,358 | €980 | ▼ 27.8% |
| Gross operating margin9900 | €85,745 | €58,787 | €20,430 | -€20,376 | -€9,155 | ▲ 55.1% |
| Operating profit (loss)9901 | €84,492 | €51,967 | €14,000 | -€28,891 | -€16,718 | ▲ 42.1% |
| Financial income75/76B | €4 | €4 | - | €2,833 | €931 | ▼ 67.1% |
| Recurring financial income75 | €4 | €4 | - | €2,833 | €931 | ▼ 67.1% |
| Financial charges65/66B | €52 | €45 | €46 | €48 | €45 | ▼ 5.1% |
| Recurring financial charges65 | €52 | €45 | €46 | €48 | €45 | ▼ 5.1% |
| Profit (loss) for the period before taxes9903 | €84,444 | €51,926 | €13,955 | -€26,105 | -€15,832 | ▲ 39.4% |
| Income taxes67/77 | €23,912 | €20,273 | €8,895 | €199 | €213 | ▲ 6.8% |
| Profit (loss) for the period9904 | €60,532 | €31,653 | €5,060 | -€26,304 | -€16,045 | ▲ 39.0% |
| Profit (loss) for the period to be appropriated9905 | €60,532 | €31,653 | €5,060 | -€26,304 | -€16,045 | ▲ 39.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €666,975 | €701,288 | €703,869 | €685,233 | €655,225 | ▼ 4.4% |
| Fixed assets21/28 | €511,736 | €506,207 | €501,076 | €494,832 | €488,635 | ▼ 1.3% |
| Tangible fixed assets22/27 | €28,789 | €23,259 | €18,128 | €11,884 | €5,688 | ▼ 52.1% |
| Furniture and vehicles24 | €28,789 | €23,259 | €18,128 | €11,884 | €5,688 | ▼ 52.1% |
| Financial fixed assets28 | €482,947 | €482,948 | €482,948 | €482,948 | €482,948 | = |
| Current assets29/58 | €155,239 | €195,081 | €202,793 | €190,401 | €166,590 | ▼ 12.5% |
| Amounts receivable after more than one year29 | - | - | €25,000 | €25,000 | €25,000 | = |
| Other amounts receivable291 | - | - | €25,000 | €25,000 | €25,000 | = |
| Amounts receivable within one year40/41 | €44,426 | €36,530 | €39,071 | €34,231 | €22,625 | ▼ 33.9% |
| Trade receivables40 | €39,224 | €35,971 | €37,170 | €28,864 | €20,393 | ▼ 29.3% |
| Other amounts receivable41 | €5,202 | €559 | €1,901 | €5,367 | €2,232 | ▼ 58.4% |
| Current investments50/53 | - | - | - | €100,000 | - | - |
| Cash at bank and in hand54/58 | €110,813 | €158,396 | €138,569 | €29,040 | €118,305 | ▲ 307% |
| Deferred charges and accrued income490/1 | - | €155 | €153 | €2,131 | €660 | ▼ 69.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €666,975 | €701,288 | €703,869 | €685,233 | €655,225 | ▼ 4.4% |
| Equity10/15 | €658,217 | €689,870 | €694,930 | €668,625 | €652,580 | ▼ 2.4% |
| Contributions10/11 | €486,200 | €486,200 | €486,200 | €486,200 | €486,200 | = |
| Reserves13 | €2,865 | €34,518 | €39,577 | €39,577 | €39,577 | = |
| Non-distributable reserves130/1 | €2,865 | - | - | - | - | - |
| Reserves not available under the articles1311 | €2,865 | - | - | - | - | - |
| Distributable reserves133 | - | €34,518 | €39,577 | €39,577 | €39,577 | = |
| Profit (loss) carried forward14 | €169,152 | €169,152 | €169,152 | €142,848 | €126,803 | ▼ 11.2% |
| Amounts payable17/49 | €8,758 | €11,418 | €8,940 | €16,608 | €2,645 | ▼ 84.1% |
| Amounts payable within one year42/48 | €8,758 | €11,418 | €8,940 | €16,608 | €2,645 | ▼ 84.1% |
| Trade debts44 | €218 | €856 | €844 | €15,888 | €2,432 | ▼ 84.7% |
| Suppliers440/4 | €218 | €856 | €844 | €15,888 | €2,432 | ▼ 84.7% |
| Taxes, remuneration and social security45 | - | €4,958 | €4,958 | - | €213 | - |
| Taxes450/3 | - | €4,958 | €4,958 | - | €213 | - |
| Other amounts payable47/48 | €8,540 | €5,604 | €3,137 | €720 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €60,532 | €31,653 | €5,060 | -€26,304 | -€16,045 | ▲ 39.0% |
| + Depreciation and write-downs630 | €239 | €5,851 | €6,121 | €6,244 | €6,196 | ▼ 0.8% |
| Operating cash flow (approximation) | €60,771 | €37,504 | €11,181 | -€20,060 | -€9,849 | ▲ 50.9% |
| Investment in fixed assets (approximation) | - | -€322 | -€990 | €0 | €0 | - |
| Change in cash | - | €47,583 | -€19,827 | -€109,529 | €89,265 | ▲ 181% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 5current ratio 62.98
Current ratio from 11.46 to 62.98; short-term debt falls from €16,608 to €2,645.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€26,304
Net result drops to -€26,304, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Highest result since 2018net €60,532 ▲139%
Operating result €84,492, net result €60,532, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Antwerpen · 1 establishment unit since 2014
Ground area
137 m²
Building footprint
98 m²
Volume, LiDAR
911 m³
Parcel 11303C0232/00F005, Flanders · tallest building 12.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
LOOK
since 20142.236.804.360
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0232/00F005 | Flanders | 137 m² | 1 · 98 m² | 12.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of MASSON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Identification & contact
Identification
Legal formPrivate limited company
Founded05-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
46494Wholesale of non-electrical household articles
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0567611138
Registered
29-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.