MASARYS
ActiveThe computed 12-month bankruptcy probability of MASARYS is 1.6% (moderate). The 2024 annual accounts show equity of €83k and a net result of €59k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 15869 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability94▲+6
Solvency54▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.09 in 2023; short-term debt: 56.1% and cash: 64.3% of total assets), and 71.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €83k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
2 d early
2022
7 d late
2021
34 d early
2020
61 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€83k▲ 244%
2023 · €24k
2019: €19k
2020: €6k
2021: €4k
2022: €10
2023: €24k
2019 → 2024
Total assets
€291k▲ 59.6%
2023 · €182k
2019: €24k
2020: €10k
2021: €19k
2022: €123k
2023: €182k
2019 → 2024
Net result
€59k▲ 110%
2023 · €28k
2019: €13k
2020: €-13k
2021: €-3k
2022: €-4k
2023: €28k
2019 → 2024
Working capital
€67k▲ 456%
2023 · €12k
2019: €15k
2020: €5k
2021: €-826
2022: €-10k
2023: €12k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€6k-€4k▼ 40.8%€10▼ 99.7%€24k▲ 241,700%€83k▲ 244%
Operating result€-13k-€-5k▲ 61.7%€-2k▲ 63.5%€42k€102k▲ 143%
Net result€-13k-€-3k▲ 79.2%€-4k▼ 44.8%€28k€59k▲ 110%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 143% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €291k
Fixed assets
€61k▲ 45.8%
Current assets
€230k▲ 63.7%
Equity and liabilities €291k
Equity
€83k▲ 244%
Debt
€207k▲ 31.3%
The debt ratio falls from 86.7% to 71.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€118k▲
2023 · €51k
Cash flow
€75k▲
2023 · €37k
Solvency
28.7%▲
2023 · 13.3%
Current ratio
1.41▲
2023 · 1.09
Quick ratio
1.35▲
2023 · 0.95
Debt / equity
2.49▼
2023 · 6.53
ROE
71.0%▼
2023 · 116.5%
ROA
20.3%▲
2023 · 15.5%
Interest coverage
8.03▲
2023 · 6.47
Debt
€207k▲
2023 · €158k
Debt ≤ 1 year
€163k▲
2023 · €128k
Debt > 1 year
€44k▲
2023 · €24k
Income taxes
€29k▲
2023 · €6k
Staff costs
€173k▲
2023 · €107k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€182k€291k▲
Fixed assets21/28€42k€61k▲
Tangible fixed assets22/27€42k€61k▲
Furniture and vehicles24€29k€50k▲
Other tangible fixed assets26€13k€11k▼
Current assets29/58€140k€230k▲
Stocks and contracts in progress3€18k€10k▼
Stocks30/36€18k€10k▼
Amounts receivable within one year40/41€27k€31k▲
Trade receivables40€13k€2k▼
Other amounts receivable41€14k€29k▲
Cash at bank and in hand54/58€93k€187k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€182k€291k▲
Equity10/15€24k€83k▲
Contributions10/11€6k€6k=
Reserves13€18k€77k▲
Distributable reserves133€18k€77k▲
Profit (loss) carried forward14€80€177▲
Amounts payable17/49€158k€207k▲
Amounts payable after more than one year17€24k€44k▲
Financial debts170/4€24k€44k▲
Amounts payable within one year42/48€128k€163k▲
Current portion of amounts payable after more than one year42-€5k
Financial debts43-€25k
Credit institutions430/8-€25k
Trade debts44€81k€102k▲
Suppliers440/4€81k€102k▲
Taxes, remuneration and social security45€42k€31k▼
Taxes450/3€21k€13k▼
Remuneration and social security454/9€21k€18k▼
Other amounts payable47/48€5k-
Accrued charges and deferred income492/3€5k-
Income statement
Code20232024
Remuneration, social security and pensions62€107k€173k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€16k▲
Other operating charges640/8€8k€9k▲
Gross operating margin9900€166k€299k▲
Operating profit (loss)9901€42k€102k▲
Financial income75/76B€1€22▲
Recurring financial income75€1€22▲
Financial charges65/66B€8k€15k▲
Recurring financial charges65€8k€15k▲
Profit (loss) for the period before taxes9903€34k€88k▲
Income taxes67/77€6k€29k▲
Profit (loss) for the period9904€28k€59k▲
Profit (loss) for the period to be appropriated9905€28k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€59k▲
Profit (loss) brought forward from the previous period14P€-6k€80▲
Transfer to equity691/2€18k€59k▲
To other reserves6921€18k€59k▲
Profit to be distributed694/7€4k-
Return on contributions (dividend)694€4k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2019net €59k ▲110%
Operating result €102k, net result €59k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €28k
Net result €28k after 3 loss-making years.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-13k ▼198%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Mons · 1 establishment unit since 2019
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.
Chaussée de Maubeuge 2257022 MonsGround area
6,215 m²
Building footprint
846 m²
Parcel 53042B0081/00L000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MASARYS
since 20192.284.073.153
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53042B0081/00L000 | Wallonia | 6,215 m² | 1 · 846 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMons2.284.073.153
Similar companies · same sector, comparable size
b(u)yFeryn@be
BE 0837.374.373
Willebroek · Eq €83k
GTELECOM
BE 0828.995.454
Ukkel · Eq €83k
TEMPLAB
BE 0820.973.257
Trooz · Eq €83k
GLOBAL SMILE
BE 0880.908.468
Lokeren · Eq €83k
J-Me Packaging
BE 0832.188.932
Lummen · Eq €83k
Of 4,431 companies in sector 46180 we hold annual accounts for 1,887. 1,412 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2018
Fiscal year end31-12
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
46150Agents in the wholesale of furniture, household goods and hardware
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.