MASU Works

Active

Private limited companyfounded 2015active for 11 yearsWortegemstraat (Nok) 22, 9771 Kruisem, BelgiumKBO/BCE: BE 0629.719.347

From the official registers: KBO 10 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of MASU Works is 2.0% (moderate). The 2025 annual accounts show negative equity (-€25,538) and a net result of -€32,399. Equity is shrinking by about 49% per year across the filed financial years. Its solvency ranks better than 5% of 594 sector peers (NACE 33, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

MASU WorksActiveChecked score 51/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 30-04-2015 Normal situation
Legal form: Private limited company
Registered office: Wortegemstraat (Nok) 22, 9771 Kruisem
Activity: Installation of industrial machinery and equipment NACE 33200and 5 others
Establishment unit: 2.241.693.754 9771 Kruisem, since 08-05-2015
Financial year end: 31 December
Peppol: Reachable since 06-01-2026

Company details

Who decides

Board

SUYS Mathieu Bernard Luc JosephDirector

Shareholders

MASU Technics50%annual accounts 2025

Board & ownership

How it is doing

51 Fair Checked score 2025

Bankruptcy probabilitywithin 12 months: 2.0%

Annual accounts 2025

Gross margin: -€9,208
Loss: €32,399
Equity: -€25,538
Total assets: €142,467; ▲ 44.6%

Turnover not published (abbreviated format)2025 accounts 126 days early

Filed on 27-03-2026PDF

Financials

Why 51raises riskLoss of €32,399 (financial year 2025)Negative equity -€25,538Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)lowers riskSize: total assets €142,467Show the evidence

Checked score

Score 2025

51 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 4% of its sector peers (NACE 33, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 7-25

equity -17.9% of total assets

Liquidity 5=

short-term debt 115.8% · cash 3.6%

Profitability 0-70

return on assets -22.7%

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (2,391 companies, NACE 33, micro)

Last 24 months 11-2024: 1.3% 12-2024: 1.3%● unchanged vs 11-2024 01-2025: 1.3%● unchanged vs 12-2024 02-2025: 1.3%● unchanged vs 01-2025 03-2025: 1.3%● unchanged vs 02-2025 04-2025: 1.3%● unchanged vs 03-2025 05-2025: 1.3%● unchanged vs 04-2025 06-2025: 1.3%● unchanged vs 05-2025 07-2025: 1.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▼ -0.6 percentage points vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.7%▼ -0.1 percentage points vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026lowest value 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 2.1%▲ +1.4 percentage points vs 04-2026highest value 06-2026: 2.1%● unchanged vs 05-2026 07-2026: 2.1%● unchanged vs 06-2026 08-2026: 2.0%▼ -0.1 percentage points vs 07-2026 09-2026: 2.0%● unchanged vs 08-2026 10-2026: 2.0%● unchanged vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.37, compared with 0.62 in 2024, below 1; short-term debt: 115.8% and cash: 3.6% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 33, micro): better than 6% on solvency, 4% on liquidity, 4% on profitability and 1% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Size: total assets €142,467

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Loss of €32,399 (financial year 2025)

NBB · annual accounts

Negative equity -€25,538

NBB · annual accounts

Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)

KBO

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€25,538

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-03-2026, 126 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

126 days early

2024

21 days early

2023

43 days early

2022

21 days early

2021

18 days early

2020

4 days early

2019

31 days early

← 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 38 days before the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€25,538 View
Caution: Among the weakest 6% on solvencysector median 37.5% · 594 companies -17.9% View
Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View

Documents

Key facts about MASU Works

What is the company number of MASU Works?: 0629.719.347. In Belgium the VAT number is the company number with BE in front: BE 0629.719.347.
Where is MASU Works based?: The registered office is at Wortegemstraat (Nok) 22, 9771 Kruisem.Company details
What does MASU Works do?: According to the KBO register, the main activity is installation of industrial machinery and equipment (NACE 33200).
What is the legal form of MASU Works?: Private limited company (BV).
When was MASU Works founded?: On 30-04-2015.
Is MASU Works still active?: Yes, MASU Works is an active enterprise in the KBO register.
What is the turnover of MASU Works?: The annual accounts for financial year 2025 state no turnover: the abbreviated format does not require it.Financials
Is MASU Works profitable?: In financial year 2025, MASU Works made a loss of €32,399.
Where can I find the annual accounts of MASU Works?: MASU Works filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of MASU Works due?: By 31-07-2027, for financial year 2026.Timeline