MASUM
ActiveSummary
The computed 12-month bankruptcy probability of MASUM is 6.0% (elevated). The 2024 annual accounts show negative equity (-€49,427) and a net result of -€2,251. Equity is shrinking by ~27.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 26049 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 5 accounts on average 162 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 6.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,570 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €153,450 | €104,620 | €202,052 | €203,152 | €185,107 | ▼ 8.9% |
| Goods, raw materials, services and sundry goods60/61 | - | €95,567 | €179,473 | €169,609 | €141,067 | ▼ 16.8% |
| Remuneration, social security and pensions62 | - | €15,934 | €32,563 | €41,495 | €46,235 | ▲ 11.4% |
| Other operating charges640/8 | - | €4,231 | - | €1,701 | €10 | ▼ 99.4% |
| Gross operating margin9900 | -€13,102 | €9,053 | €22,579 | €33,543 | €44,039 | ▲ 31.3% |
| Operating profit (loss)9901 | -€19,629 | -€11,112 | -€9,984 | -€9,653 | -€2,206 | ▲ 77.1% |
| Financial charges65/66B | - | €45 | €1,656 | €45 | €45 | = |
| Recurring financial charges65 | €52 | €45 | €1,656 | €45 | €45 | = |
| Profit (loss) for the period before taxes9903 | -€19,681 | -€11,157 | -€11,639 | -€9,698 | -€2,251 | ▲ 76.8% |
| Profit (loss) for the period9904 | -€19,681 | -€11,157 | -€11,639 | -€9,698 | -€2,251 | ▲ 76.8% |
| Profit (loss) for the period to be appropriated9905 | -€19,681 | -€11,157 | -€11,639 | -€9,698 | -€2,251 | ▲ 76.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8,850 | €17,522 | €20,470 | €26,111 | €56,925 | ▲ 118% |
| Current assets29/58 | €8,850 | €17,522 | €20,470 | €26,111 | €56,925 | ▲ 118% |
| Stocks and contracts in progress3 | €6,482 | €15,372 | €17,462 | €20,826 | €49,786 | ▲ 139% |
| Stocks30/36 | - | €15,372 | €17,462 | €20,826 | €49,786 | ▲ 139% |
| Amounts receivable within one year40/41 | €1,466 | €1,358 | €2,969 | €4,830 | €5,836 | ▲ 20.8% |
| Other amounts receivable41 | - | €1,358 | €2,969 | €4,830 | €5,836 | ▲ 20.8% |
| Cash at bank and in hand54/58 | €902 | €792 | €38 | €455 | €1,303 | ▲ 187% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8,850 | €17,522 | €20,470 | €26,111 | €56,925 | ▲ 118% |
| Equity10/15 | -€14,681 | -€25,838 | -€37,477 | -€47,176 | -€49,427 | ▼ 4.8% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€19,681 | -€30,838 | -€42,477 | -€52,176 | -€54,427 | ▼ 4.3% |
| Amounts payable17/49 | €23,531 | €43,360 | €57,947 | €73,286 | €106,352 | ▲ 45.1% |
| Amounts payable within one year42/48 | €23,531 | €43,360 | €57,947 | €73,286 | €106,352 | ▲ 45.1% |
| Trade debts44 | €23,531 | €41,049 | €36,884 | €41,406 | €59,126 | ▲ 42.8% |
| Suppliers440/4 | - | €41,049 | €36,884 | €41,406 | €59,126 | ▲ 42.8% |
| Taxes, remuneration and social security45 | - | €2,311 | €21,063 | €31,880 | €47,225 | ▲ 48.1% |
| Remuneration and social security454/9 | - | €2,311 | €21,063 | €31,880 | €47,225 | ▲ 48.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,681 | -€11,157 | -€11,639 | -€9,698 | -€2,251 | ▲ 76.8% |
| Operating cash flow (approximation) | -€19,681 | -€11,157 | -€11,639 | -€9,698 | -€2,251 | ▲ 76.8% |
| Change in cash | - | -€110 | -€754 | €417 | €848 | ▲ 104% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B1066/00_000 | Brussels | 82 m² | 1 · 57 m² | 18.6 m · 5 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Food safety, FASFC
1 siteSimilar companies · same sector and region
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.