Summary
MassWorks 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 €614k and a net result of €61k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 8023 sector peers (fiscal year 2025). The company has been active since 2013 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
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
23 d early
2023
47 d early
2022
on the day
2021
31 d late
2020
108 d late
2019
53 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€614k▲ 6.5%
2024 · €576k
2018: €156k
2019: €196k
2020: €320k
2021: €398k
2022: €469k
2023: €547k
2024: €576k
2018 → 2025
Net result
€61k▼ 11.4%
2024 · €69k
2018: €21k
2019: €40k
2020: €124k
2021: €78k
2022: €84k
2023: €99k
2024: €69k
2018 → 2025
Total assets
€1.21M▲ 1.3%
2024 · €1.20M
2018: €286k
2019: €353k
2020: €1.38M
2021: €1.33M
2022: €1.24M
2023: €1.24M
2024: €1.20M
2018 → 2025
Solvency
50.7%▲ 2.5pp
2024 · 48.2%
2018: 54.6%
2019: 55.7%
2020: 23.2%
2021: 29.9%
2022: 37.9%
2023: 44.3%
2024: 48.2%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€398k-€469k▲ 17.9%€547k▲ 16.6%€576k▲ 5.3%€614k▲ 6.5%
Operating result€24k-€45k▲ 86.1%€19k▼ 56.8%€-2k€12k
Net result€78k-€84k▲ 8.3%€99k▲ 16.8%€69k▼ 30.0%€61k▼ 11.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €12k after a loss of €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.21M
Fixed assets
€1.15M ▼ 0.8%
Current assets
€61k ▲ 67.5%
Equity and liabilities €1.21M
Equity
€614k ▲ 6.5%
Debt
€597k ▼ 3.6%
Debt's share of the balance-sheet total falls from 51.8% to 49.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
10.0%▼
2024 · 12.0%
ROA
5.0%▼
2024 · 5.8%
Debt ≤ 1 year
€325k▲
2024 · €248k
Debt > 1 year
€272k▼
2024 · €372k
Income taxes
€6k▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.20M€1.21M▲
Fixed assets21/28€1.16M€1.15M▼
Tangible fixed assets22/27€45k€35k▼
Plant, machinery and equipment23€3k€3k▲
Furniture and vehicles24€41k€32k▼
Financial fixed assets28€1.11M€1.11M=
Current assets29/58€37k€61k▲
Amounts receivable within one year40/41€23k€48k▲
Trade receivables40€18k€46k▲
Other amounts receivable41€5k€2k▼
Cash at bank and in hand54/58€13k€12k▼
Deferred charges and accrued income490/1-€970
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.21M▲
Equity10/15€576k€614k▲
Contributions10/11€50k€50k=
Reserves13€356k€394k▲
Distributable reserves133€356k€394k▲
Profit (loss) carried forward14€170k€170k▲
Amounts payable17/49€620k€597k▼
Amounts payable after more than one year17€372k€272k▼
Other amounts payable178/9€372k€272k▼
Amounts payable within one year42/48€248k€325k▲
Current portion of amounts payable after more than one year42€100k€150k▲
Trade debts44€523€2k▲
Suppliers440/4€523€2k▲
Taxes, remuneration and social security45€18k€13k▼
Taxes450/3€18k€13k▼
Other amounts payable47/48€129k€161k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€11k▲
Other operating charges640/8€175€187▲
Gross operating margin9900€5k€23k▲
Operating profit (loss)9901€-2k€12k▲
Financial income75/76B€103k€72k▼
Recurring financial income75€103k€72k▼
Financial charges65/66B€24k€17k▼
Recurring financial charges65€24k€17k▼
Profit (loss) for the period before taxes9903€76k€67k▼
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€69k€61k▼
Profit (loss) for the period to be appropriated9905€69k€61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€238k€231k▼
Profit (loss) brought forward from the previous period14P€169k€170k▲
Transfer from equity791/2€40k€24k▼
Transfer to equity691/2€69k€61k▼
To other reserves6921€69k€61k▼
Profit to be distributed694/7€40k€24k▼
Return on contributions (dividend)694€40k€24k▼
The notes to these accounts (6 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €547k ▲16.6%
6 profitable years in a row build equity to €547k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 108 days late
2020
31-12
Financial
Highest result since 2018net €124k ▲207%
Net result €124k, the highest in the series.
31-12
Financial
Equity above €200kEq €320k ▲62.9%
3 profitable years in a row build equity to €320k.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Elsene · 1 establishment unit since 2013
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.
Emmanuel Van Driesschestraat 451050 ElseneGround area
246 m²
Building footprint
123 m²
Volume, LiDAR
1,304 m³
Parcel 21447B0306/00R039, Brussels · tallest building 17.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MassWorks
since 20132.218.597.460
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0306/00R039 | Brussels | 246 m² | 1 · 123 m² | 17.9 m · 4 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 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,473 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.