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Active
BE 1006.027.085Private limited companyOpen bankruptcy
MASE Kitchen
Kapelstraat 115 ·9100 Sint-Niklaas, Belgium· 2 yrs active
Sector: Detailhandel in huismeubilair
(47551)
Conclusion
A bankruptcy procedure is open for MASE Kitchen according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-25k) and a net result of €-50k.
Based on the State Gazette, CBE and 1 annual account.
Key figures
| Equity | €-25k |
| Net result | €-50k |
| Staff (FTE) | 1.5 |
| Better than sector | 22% |
Financial profile
34
/ 100
Fragile profile, watch health in particular.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
0
Profitability
100
Solvency
37
Growth
-
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals
Young company
Founded in 2024, under 3 years, statistically higher risk.
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer
0
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -9.8% | 20.4% | |
| Net result | €-50k | €4k | |
| Equity | €-25k | €16k | |
| Gross operating margin | €43k | €24k | |
| Staff costs | €79k | €33k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-37k |
| Net profit | €-50k |
| Cash flow | €-39k |
| Staff costs | €79k |
| Income taxes | €97 |
| Dividends | - |
| Total assets | €255k |
| Equity | €-25k |
| Debt | €280k |
| of which ≤ 1y | €199k |
| of which > 1y | €81k |
| Working capital | €-69k |
| Employees (FTE) | 1.5 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.65 |
| Quick ratio | 0.61 |
| Working capital ratio | -27.1% |
| Solvency | -9.8% |
| Debt / equity | -11.22 |
| Long-term debt ratio | -3.23 |
| Interest coverage | -15.46 |
| Gross margin | - |
| Net margin | - |
| ROA | -19.6% |
| ROE | 200.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €255k |
| Fixed assets | 21/28 | €125k |
| Intangible fixed assets | 21 | €120k |
| Tangible fixed assets | 22/27 | €4k |
| Current assets | 29/58 | €130k |
| Stocks & contracts in progress | 3 | €8k |
| Amounts receivable within one year | 40/41 | €121k |
| Cash & bank | 54/58 | €102 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €255k |
| Equity | 10/15 | €-25k |
| Contributions / capital | 10/11 | €25k |
| Accumulated profits (losses) | 14 | €-50k |
| Amounts payable | 17/49 | €280k |
| Amounts payable after one year | 17 | €81k |
| Amounts payable within one year | 42/48 | €199k |
| Trade debts payable within one year | 44 | €34k |
| Income statement | ||
| Gross operating margin | 9900 | €43k |
| Operating result | 9901 | €-47k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-50k |
| Income taxes | 67/77 | €97 |
| Net result for the period | 9904 | €-50k |
| Result to be appropriated | 9905 | €-50k |
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | PIETER PAUWELS VAN HAVERMAETSTRAAT 36,
9100 SINT-NIKLAAS |
24-03-2026 → present | Belgian State Gazette |
| Curator | VINCENT GLAS VAN
HAVERMAETSTRAAT 36, 9100 SINT-NIKLAAS |
24-03-2026 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Detailhandel in huismeubilair(47551) |
| Legal form | Private limited company(610) |
| Incorporation | 14-02-2024 |
| Status | Active |
| Postal code | 9100 |
| First BS signal | 30-03-2026 |
| Latest BS signal | 08-04-2026 |
Establishment units
MASE Kitchen
since 20242.356.765.547
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1652/00D002 | Flanders | 1,421 m² | 1 · 981 m² | 5.5 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
08-04-2026
Bankruptcy
Opening
30-03-2026
Bankruptcy
Opening
2025
31-08-2025
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
08-04-2026
Bankruptcy
Opening
Full insolvency chronology
The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.
We hold 1 further earlier event in this file, covering 24-03-2026 to 24-03-2026.
Available in Kantoor S.
See plans →
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Detailhandel in huismeubilair47551Detailhandel in huismeubilair in gespecialiseerde winkels47591Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur46431Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur46431
Primary activity highlighted.
Names & trade names
| Legal nameNL | MASE Kitchen |
Registered office
Kapelstraat 115
9100 Sint-Niklaas, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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