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 €653k and a net result of €-16k. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
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 €40k 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.
Credit check for your own amount and term
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
Sector 46
higher
← 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 €-16k
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 →
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, micro schema
Equity
€653k▼ 2.4%
2024 · €669k
2018: €542k
2019: €572k
2020: €598k
2021: €658k
2022: €690k
2023: €695k
2024: €669k
2018 → 2025
Total assets
€655k▼ 4.4%
2024 · €685k
2018: €548k
2019: €577k
2020: €606k
2021: €667k
2022: €701k
2023: €704k
2024: €685k
2018 → 2025
Net result
€-16k▲ 39.0%
2024 · €-26k
2018: €30k
2019: €30k
2020: €25k
2021: €61k
2022: €32k
2023: €5k
2024: €-26k
2018 → 2025
Working capital
€164k▼ 5.7%
2024 · €174k
2018: €60k
2019: €90k
2020: €116k
2021: €146k
2022: €184k
2023: €194k
2024: €174k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€658k-€690k▲ 4.8%€695k▲ 0.7%€669k▼ 3.8%€653k▼ 2.4%
Operating result€84k-€52k▼ 38.5%€14k▼ 73.1%€-29k€-17k▲ 42.1%
Net result€61k-€32k▼ 47.7%€5k▼ 84.0%€-26k€-16k▲ 39.0%
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 €17k in 2025 against €29k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €655k
Fixed assets
€489k ▼ 1.3%
Current assets
€167k ▼ 12.5%
Equity and liabilities €655k
Equity
€653k ▼ 2.4%
Debt
€3k ▼ 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
€-11k▲
2024 · €-23k
Cash flow
€-10k▲
2024 · €-20k
Current ratio
62.98▲
2024 · 11.46
Debt to equity
0.00▼
2024 · 0.02
ROE
-2.5%▲
2024 · -3.9%
ROA
-2.4%▲
2024 · -3.8%
Interest coverage
-232.98▲
2024 · -475.87
Debt ≤ 1 year
€3k▼
2024 · €17k
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.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€685k€655k▼
Fixed assets21/28€495k€489k▼
Tangible fixed assets22/27€12k€6k▼
Furniture and vehicles24€12k€6k▼
Financial fixed assets28€483k€483k=
Current assets29/58€190k€167k▼
Amounts receivable after more than one year29€25k€25k=
Other amounts receivable291€25k€25k=
Amounts receivable within one year40/41€34k€23k▼
Trade receivables40€29k€20k▼
Other amounts receivable41€5k€2k▼
Current investments50/53€100k-
Cash at bank and in hand54/58€29k€118k▲
Deferred charges and accrued income490/1€2k€660▼
Equity and liabilities
Total equity and liabilities10/49€685k€655k▼
Equity10/15€669k€653k▼
Contributions10/11€486k€486k=
Reserves13€40k€40k=
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€143k€127k▼
Amounts payable17/49€17k€3k▼
Amounts payable within one year42/48€17k€3k▼
Trade debts44€16k€2k▼
Suppliers440/4€16k€2k▼
Taxes, remuneration and social security45-€213
Taxes450/3-€213
Other amounts payable47/48€720-
Income statement
Code20242025
Remuneration, social security and pensions62€913€386▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Other operating charges640/8€1k€980▼
Gross operating margin9900€-20k€-9k▲
Operating profit (loss)9901€-29k€-17k▲
Financial income75/76B€3k€931▼
Recurring financial income75€3k€931▼
Financial charges65/66B€48€45▼
Recurring financial charges65€48€45▼
Profit (loss) for the period before taxes9903€-26k€-16k▲
Income taxes67/77€199€213▲
Profit (loss) for the period9904€-26k€-16k▲
Profit (loss) for the period to be appropriated9905€-26k€-16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€143k€127k▼
Profit (loss) brought forward from the previous period14P€169k€143k▼
The notes to these accounts (5 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
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 €17k to €3k.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-26k ▼620%
Net result drops to €-26k, 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 €61k ▲139%
Operating result €84k, net result €61k, 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.
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
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.
Elisabethlaan 1132600 AntwerpenGround 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
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.
Similar companies · same sector, comparable size
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E.L.C. Lighting
BE 0876.600.678
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Of 977 companies in sector 46431 we hold annual accounts for 705. 512 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
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
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.