MASUMI
ActiveThe annual accounts of MASUMI for fiscal year 2025 show a net loss of 52% of total assets and of 80% of the equity at the start of that year. The 2025 annual accounts show equity of €2k and a net result of €-9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 4622 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency38▼-51
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
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 1.15 against 2.83 in 2024; short-term debt: 86.7% and cash: 3.2% of total assets), and 86.7% of the assets are financed with debt.
Credit advice 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.3%
Return on assets
-52.4%
Age of the figures
18 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
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 11-11-2025, 11 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 · 10 filingsDeviation from the deadline
2025
11 d late
2024
3 d early
2023
on the day
2022
3 d late
2020
59 d early
2019
1 d early
2018
6 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close23-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 79.7%
2024 · €11k
2019: €-37k
2020: €-11k
2022: €-2k
2023: €2k
2024: €11k
2019 → 2025
Total assets
€17k▼ 2.6%
2024 · €17k
2019: €2k
2020: €24k
2022: €11k
2023: €14k
2024: €17k
2019 → 2025
Net result
€-9k
2024 · €9k
2019: €5k
2020: €26k
2022: €-186
2023: €4k
2024: €9k
2019 → 2025
Working capital
€2k▼ 79.7%
2024 · €11k
2019: €-37k
2020: €-11k
2022: €-2k
2023: €2k
2024: €11k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€-11k-€-2k▲ 86.2%€2k€11k▲ 396%€2k▼ 79.7%
Operating result€26k-€-70€4k€9k▲ 139%€-10k
Net result€26k-€-186€4k€9k▲ 136%€-9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €10k after €9k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €17k
Equity
€2k▼ 79.7%
Debt
€15k▲ 135%
The debt ratio rises from 36.0% to 86.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-10k▼
2024 · €9k
Cash flow
€-9k▼
2024 · €9k
Solvency
13.3%▼
2024 · 64.0%
Current ratio
1.15▼
2024 · 2.83
Quick ratio
1.15▼
2024 · 2.83
Debt / equity
6.50▲
2024 · 0.56
ROE
-392.9%▼
2024 · 79.9%
ROA
-52.4%▼
2024 · 51.1%
Interest coverage
-45.41▼
2024 · 24.59
Debt
€15k▲
2024 · €6k
Debt ≤ 1 year
€15k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€17k€17k▼
Fixed assets21/28€200-
Tangible fixed assets22/27€200-
Plant, machinery and equipment23€200-
Current assets29/58€17k€17k▼
Amounts receivable within one year40/41€16k€16k▲
Trade receivables40€3k€15k▲
Other amounts receivable41€14k€2k▼
Cash at bank and in hand54/58€804€536▼
Equity and liabilities
Total equity and liabilities10/49€17k€17k▼
Equity10/15€11k€2k▼
Contributions10/11€12k€12k=
Reserves13€30k€30k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€28k€28k=
Profit (loss) carried forward14€-31k€-40k▼
Amounts payable17/49€6k€15k▲
Amounts payable within one year42/48€6k€15k▲
Trade debts44€2k€15k▲
Suppliers440/4€2k€15k▲
Advances received on contracts in progress46€3k-
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3€179-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14€200▲
Other operating charges640/8€1k€634▼
Gross operating margin9900€11k€-9k▼
Operating profit (loss)9901€9k€-10k▼
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€378€210▼
Recurring financial charges65€378€210▼
Profit (loss) for the period before taxes9903€9k€-9k▼
Profit (loss) for the period9904€9k€-9k▼
Profit (loss) for the period to be appropriated9905€9k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-40k▼
Profit (loss) brought forward from the previous period14P€-40k€-31k▲
The notes to these accounts (4 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
2025
11-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
31-03
Financial
Weakest financial yearnet €-9k ▼200%
Net result drops to €-9k, the lowest in the series.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 2.83
Current ratio from 1.19 to 2.83; short-term debt falls from €12k to €6k.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Highest result since 2019net €26k ▲389%
Operating result €26k, net result €26k, both a record.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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 2009
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.
Italiëlei 1792000 AntwerpenGround area
598 m²
Building footprint
598 m²
Volume, LiDAR
6,032 m³
Parcel 11805E1285/00Z004, Flanders · tallest building 24.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Masumi
since 20092.183.838.303
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11805E1285/00Z004 | Flanders | 598 m² | 1 · 598 m² | 24.8 m · 2 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.
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Of 7,006 companies in sector 96999 we hold annual accounts for 602. 178 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded31-08-2009
Fiscal year end31-03
Activities, NACEBEL
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.