MASOPI 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 €2.68M and a net result of €-128k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 21% of 5523 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 5523 sector peers (2025).
NBB · sector comparisonPosition among 5523 sector peers
Solvency
better than 21%
← weakest
strongest →
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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
21 d early
2023
36 d early
2022
34 d early
2021
39 d early
2020
28 d early
2019
37 d early
← before the deadline
after the deadline →
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
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.68M▼ 4.6%
2024 · €2.80M
2018: €3.07M
2019: €3.11M
2020: €3.23M
2021: €3.32M
2022: €3.40M
2023: €3.54M
2024: €2.80M
2018 → 2025
Net result
€-128k
2024 · €127k
2018: €83k
2019: €155k
2020: €122k
2021: €87k
2022: €141k
2023: €143k
2024: €127k
2018 → 2025
Total assets
€13.83M▲ 43.0%
2024 · €9.67M
2018: €5.16M
2019: €5.82M
2020: €5.92M
2021: €7.47M
2022: €7.72M
2023: €9.58M
2024: €9.67M
2018 → 2025
Solvency
19.3%▼ 9.6pp
2024 · 29.0%
2018: 59.6%
2019: 53.4%
2020: 54.7%
2021: 44.5%
2022: 44.1%
2023: 37.0%
2024: 29.0%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.32M-€3.40M▲ 2.4%€3.54M▲ 4.2%€2.80M▼ 20.9%€2.68M▼ 4.6%
Operating result€184k-€268k▲ 45.7%€319k▲ 19.0%€276k▼ 13.7%€-21k
Net result€87k-€141k▲ 61.8%€143k▲ 1.2%€127k▼ 10.7%€-128k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21k after €276k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.83M
Fixed assets
€12.70M▲ 45.0%
Current assets
€1.13M▲ 23.9%
Equity and liabilities €13.83M
Equity
€2.68M▼ 4.6%
Debt
€11.15M▲ 62.4%
The debt ratio rises from 71.0% to 80.7%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
19.3%▼
2024 · 29.0%
ROE
-4.8%▼
2024 · 4.5%
ROA
-0.9%▼
2024 · 1.3%
Debt
€11.15M▲
2024 · €6.87M
Debt ≤ 1 year
€5.99M▲
2024 · €4.68M
Debt > 1 year
€5.16M▲
2024 · €2.18M
Income taxes
€8k▼
2024 · €36k
Staff costs
€262k▲
2024 · €73k
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€9.67M€13.83M▲
Fixed assets21/28€8.76M€12.70M▲
Tangible fixed assets22/27€5.25M€9.19M▲
Land and buildings22€5.22M€9.11M▲
Plant, machinery and equipment23€10k€21k▲
Furniture and vehicles24€2k€43k▲
Other tangible fixed assets26€19k€16k▼
Financial fixed assets28€3.51M€3.51M▲
Current assets29/58€915k€1.13M▲
Amounts receivable after more than one year29€158k€0▼
Other amounts receivable291€158k€0▼
Amounts receivable within one year40/41€618k€1.02M▲
Trade receivables40€243k€218k▼
Other amounts receivable41€375k€804k▲
Cash at bank and in hand54/58€74k€112k▲
Deferred charges and accrued income490/1€65k€0▼
Equity and liabilities
Total equity and liabilities10/49€9.67M€13.83M▲
Equity10/15€2.80M€2.68M▼
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€1.79M€1.79M=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€1.77M€1.77M=
Profit (loss) carried forward14-€-128k
Investment grants15€867k€867k=
Amounts payable17/49€6.87M€11.15M▲
Amounts payable after more than one year17€2.18M€5.16M▲
Financial debts170/4€2.18M€5.16M▲
Amounts payable within one year42/48€4.68M€5.99M▲
Current portion of amounts payable after more than one year42€313k€401k▲
Trade debts44€96k€186k▲
Suppliers440/4€96k€186k▲
Taxes, remuneration and social security45€92k€148k▲
Taxes450/3€55k€82k▲
Remuneration and social security454/9€38k€66k▲
Other amounts payable47/48€4.18M€5.26M▲
Accrued charges and deferred income492/3€4k€0▼
Income statement
Code20242025
Non-recurring operating income76A€26k€0▼
Remuneration, social security and pensions62€73k€262k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€150k▲
Other operating charges640/8€14k€23k▲
Gross operating margin9900€446k€415k▼
Operating profit (loss)9901€276k€-21k▼
Financial income75/76B€14k€34k▲
Recurring financial income75€14k€34k▲
Financial charges65/66B€126k€132k▲
Recurring financial charges65€126k€132k▲
Profit (loss) for the period before taxes9903€163k€-120k▼
Income taxes67/77€36k€8k▼
Profit (loss) for the period9904€127k€-128k▼
Profit (loss) for the period to be appropriated9905€127k€-128k▼
Appropriation of the result
Profit (loss) to be appropriated9906€127k€-128k▼
Transfer to equity691/2€127k€0▼
To other reserves6921€127k€0▼
Social balance
Average headcount (FTE)90871.24.6▲
The notes to these accounts (18 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
2026
22-06
State Gazette act
Merger proposal · Merger
Accounting effect · Capital
22-06
State Gazette act
Merger proposal · Merger
Accounting effect · Capital
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-128k ▼201%
Net result drops to €-128k, the lowest in the series.
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Highest result since 2018net €155k ▲85.4%
Net result €155k, the highest in the series.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kruisem · 1 establishment unit since 2006
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.
Industriezone(KRU) 39770 KruisemGround area
1.0 ha
Building footprint
5,857 m²
Volume, LiDAR
58,263 m³
Parcel 45017C0757/00E000, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MASOPI
since 20062.156.158.659
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45017C0757/00E000 | Flanders | 1.0 ha | 1 · 5,857 m² | 12.5 m · 3 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 24,728 companies in sector 64210 we hold annual accounts for 19,762. 10,037 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-07-2006
Fiscal year end30-09
Activities, NACEBEL
47300Retail sale of automotive fuel
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.