MASZON
ActiveSummary
MASZON is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.6m and a net result of -€114,188. Equity is shrinking by ~26.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 95% of 8074 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
1 d early
2023
on the day
2022
3 d early
2021
15 d early
2020
on the day
2019
1 d 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 7 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€4.6m▼ 24.8%
2024 · €6.1m
Net result
-€114,188▲ 3.7%
2024 · -€118,590
Total assets
€4.6m▼ 24.5%
2024 · €6.1m
Solvency
99.5%▼ 0.4pp
2024 · 99.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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-€192,768▲ 7.0%-€6,292▲ 96.7%-€146,122▼ 2,222%-€134,982▲ 7.6%-€161,139▼ 19.4%
Net result-€178,991below the sector's middle half▼ 22.0%€6,488within the sector's middle half-€37,195below the sector's middle half-€118,590below the sector's middle half▼ 219%-€114,188below the sector's middle half▲ 3.7%
Equity€14.6mabove the sector's middle half▼ 30.4%€6.3mabove the sector's middle half▼ 57.2%€6.2mabove the sector's middle half▼ 0.6%€6.1mabove the sector's middle half▼ 1.9%€4.6mabove the sector's middle half▼ 24.8%
Total assets€15.4mabove the sector's middle half▼ 29.6%€6.3mabove the sector's middle half▼ 59.2%€6.2mabove the sector's middle half▼ 0.8%€6.1mabove the sector's middle half▼ 2.0%€4.6mabove the sector's middle half▼ 24.5%
Debt€781,675▼ 10.9%€24,045▼ 96.9%€9,523▼ 60.4%€4,708▼ 50.6%€23,952▲ 409%
Working capital€10.4m▼ 37.4%€1.7m▼ 83.6%€2.0m▲ 17.2%€2.2m▲ 10.2%€1.1m▼ 49.5%
Solvency94.9%above the sector's middle half▼ 1.1pp99.6%above the sector's middle half▲ 4.7pp99.8%above the sector's middle half▲ 0.2pp99.9%above the sector's middle half▲ 0.1pp99.5%above the sector's middle half▼ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €161,139 in 2025 against €134,982 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.6m
Fixed assets
€3.5m ▼ 11.0%
Current assets
€1.1m ▼ 48.5%
Equity and liabilities €4.6m
Equity
€4.6m ▼ 24.8%
Debt
€23,952 ▲ 409%
Debt's share of the balance-sheet total rises from 0.1% to 0.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-2.5%▼
2024 · -1.9%
ROA
-2.5%▼
2024 · -1.9%
Debt ≤ 1 year
€23,952▲
2024 · €4,708
Income taxes
€415▼
2024 · €432
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €174,532 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €322,298 | €338,690 | €330,262 | €330,878 | €320,278 | ▼ 3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €30,560 | €28,889 | €31,537 | €35,918 | €34,137 | ▼ 5.0% |
| Non-recurring operating charges66A | - | - | €151 | €0 | €13,839 | - |
| Gross operating margin9900 | €160,090 | €361,287 | €215,828 | €231,814 | €207,116 | ▼ 10.7% |
| Operating profit (loss)9901 | -€192,768 | -€6,292 | -€146,122 | -€134,982 | -€161,139 | ▼ 19.4% |
| Financial income75/76B | €230,616 | €76,668 | €123,148 | €17,176 | €47,793 | ▲ 178% |
| Recurring financial income75 | €230,616 | €76,668 | €123,148 | €17,176 | €47,793 | ▲ 178% |
| Financial charges65/66B | €215,466 | €63,205 | €13,721 | €351 | €427 | ▲ 21.6% |
| Recurring financial charges65 | €215,466 | €63,205 | €13,721 | €351 | €427 | ▲ 21.6% |
| Profit (loss) for the period before taxes9903 | -€177,617 | €7,171 | -€36,695 | -€118,157 | -€113,774 | ▲ 3.7% |
| Income taxes67/77 | €1,374 | €683 | €500 | €432 | €415 | ▼ 4.1% |
| Profit (loss) for the period9904 | -€178,991 | €6,488 | -€37,195 | -€118,590 | -€114,188 | ▲ 3.7% |
| Profit (loss) for the period to be appropriated9905 | -€178,991 | €6,488 | -€37,195 | -€118,590 | -€114,188 | ▲ 3.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15.4m | €6.3m | €6.2m | €6.1m | €4.6m | ▼ 24.5% |
| Fixed assets21/28 | €4.9m | €4.6m | €4.2m | €3.9m | €3.5m | ▼ 11.0% |
| Tangible fixed assets22/27 | €4.6m | €4.3m | €3.9m | €3.6m | €3.2m | ▼ 11.9% |
| Land and buildings22 | €4.4m | €4.0m | €3.7m | €3.5m | €3.1m | ▼ 11.0% |
| Plant, machinery and equipment23 | €714 | €562 | €411 | €8,265 | €6,357 | ▼ 23.1% |
| Furniture and vehicles24 | €105,283 | €109,928 | €77,684 | €45,581 | €18,138 | ▼ 60.2% |
| Other tangible fixed assets26 | €150,733 | €134,930 | €114,434 | €93,961 | €73,488 | ▼ 21.8% |
| Financial fixed assets28 | €308,313 | €308,313 | €308,313 | €308,313 | €308,313 | = |
| Current assets29/58 | €10.5m | €1.7m | €2.0m | €2.2m | €1.1m | ▼ 48.5% |
| Amounts receivable within one year40/41 | €58,283 | €23,169 | €21,807 | €74,069 | €72,263 | ▼ 2.4% |
| Trade receivables40 | €17,752 | €5,197 | €2,697 | €9,445 | €85 | ▼ 99.1% |
| Other amounts receivable41 | €40,531 | €17,973 | €19,109 | €64,624 | €72,178 | ▲ 11.7% |
| Current investments50/53 | €4.9m | €712,908 | €1.4m | €1.7m | €890,061 | ▼ 46.4% |
| Cash at bank and in hand54/58 | €5.5m | €984,112 | €571,531 | €440,290 | €145,085 | ▼ 67.0% |
| Deferred charges and accrued income490/1 | €0 | - | €879 | €21,545 | €24,240 | ▲ 12.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15.4m | €6.3m | €6.2m | €6.1m | €4.6m | ▼ 24.5% |
| Equity10/15 | €14.6m | €6.3m | €6.2m | €6.1m | €4.6m | ▼ 24.8% |
| Contributions10/11 | €92,200 | €92,200 | €92,200 | €92,200 | €92,200 | = |
| Reserves13 | €14.5m | €6.2m | €6.1m | €6.0m | €4.6m | ▼ 23.3% |
| Non-distributable reserves130/1 | €9,220 | €9,220 | €9,220 | €9,220 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €9,220 | €9,220 | €9,220 | €9,220 | €0 | ▼ 100% |
| Tax-exempt reserves132 | €1,836 | €1,836 | €1,836 | €1,836 | €1,836 | = |
| Distributable reserves133 | €14.5m | €6.2m | €6.1m | €6.0m | €4.6m | ▼ 23.2% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | -€114,188 | - |
| Amounts payable17/49 | €781,675 | €24,045 | €9,523 | €4,708 | €23,952 | ▲ 409% |
| Amounts payable after more than one year17 | €682,201 | €0 | - | - | - | - |
| Financial debts170/4 | €682,201 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €94,084 | €22,602 | €9,523 | €4,708 | €23,952 | ▲ 409% |
| Current portion of amounts payable after more than one year42 | €87,682 | €0 | - | - | - | - |
| Trade debts44 | €1,514 | €993 | €4,554 | €3,426 | €20,874 | ▲ 509% |
| Suppliers440/4 | €1,514 | €993 | €4,554 | €3,426 | €20,874 | ▲ 509% |
| Advances received on contracts in progress46 | - | €2,198 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €4,888 | €11,517 | €4,133 | €1,282 | €2,402 | ▲ 87.3% |
| Taxes450/3 | €4,888 | €3,517 | €4,133 | €1,282 | €2,402 | ▲ 87.3% |
| Remuneration and social security454/9 | - | €8,000 | €0 | - | - | - |
| Other amounts payable47/48 | €0 | €7,893 | €836 | €0 | €675 | - |
| Accrued charges and deferred income492/3 | €5,389 | €1,443 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€178,991 | €6,488 | -€37,195 | -€118,590 | -€114,188 | ▲ 3.7% |
| + Depreciation and write-downs630 | €322,298 | €338,690 | €330,262 | €330,878 | €320,278 | ▼ 3.2% |
| Operating cash flow (approximation) | €143,307 | €345,177 | €293,067 | €212,289 | €206,090 | ▼ 2.9% |
| Investment in fixed assets (approximation) | - | €37,734 | €0 | -€8,785 | €108,892 | ▲ 1,339% |
| Change in cash | - | -€4.5m | -€412,581 | -€131,241 | -€295,205 | ▼ 125% |
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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity doublescurrent ratio 466.73
Current ratio from 209.89 to 466.73; short-term debt falls from €9,523 to €4,708.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity triplescurrent ratio 209.89
Current ratio from 76.11 to 209.89; short-term debt falls from €22,602 to €9,523.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €6,488
Net result €6,488 after 4 loss-making years.
15-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 16 days late
2018
21-06
State Gazette act
General meeting · Capital increase
Bank account · Capital · Stefaan LAGA
04-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Wevelgem · 1 establishment unit since 2011
Ground area
1,206 m²
Building footprint
199 m²
Volume, LiDAR
908 m³
Parcel 34302B0433/00D003, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MASZON
since 20112.194.993.105
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0433/00D003 | Flanders | 1,206 m² | 1 · 199 m² | 8.5 m · 1 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
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
9676005JRTL1N94FUM06
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 8,409 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-12-2010
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831970483
Also
9925:BE0831970483
Registered
08-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.