ACTIVE

Algemene Glaswerken Masson

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Financial year 2025 · Closed on 31/12/2025

Net result30,5 k €-29,1 %over 1 year

Gross margin41,8 k €-41,0 %over 1 year

Equity98,2 k €+45,0 %over 1 year

Workforce0,4 ETP-60,0 %over 1 year

Identity

Source · BCE/KBO

Algemene Glaswerken Masson is a Public limited company incorporated in 1968. Its main activity is: Manufacture of flat glass. Its registered office is in Zelzate. It employs on average 0,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0401.032.048
Incorporation: 01/01/1968
Legal form: Public limited company
Registered office: Onteigeningsstraat 18
9060 Zelzate · FlandreSee on map
Contributed capital: 61 500,00 €
Latest accounts: 31/12/2025
Average workforce: 0,4 ETP

Activities (NACE)

23110Manufacture of flat glass· main 23110Manufacture of flat glass 26110Manufacture of electronic components 43343Painting and glazing 43343Painting and glazing 45442Sale, maintenance and repair of motorcycles and related parts and accessories+3

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	41,8 k €	-41.0%	70,9 k €	-28.5%	99,2 k €	+134%	42,4 k €	-29.5%	60,1 k €
EBITDA	38,9 k €	-39.4%	64,2 k €	-31.3%	93,5 k €	+158%	36,2 k €	-33.2%	54,2 k €
Operating result	38,9 k €	-52.7%	82,2 k €	+9.6%	75 k €	+36.5%	54,9 k €	+16.9%	47 k €
Net result	30,5 k €	-29.1%	43 k €	-26.1%	58,1 k €	+91.6%	30,3 k €	+4.6%	29 k €
Balance sheet
Equity	98,2 k €	+45.0%	67,7 k €	-64.1%	188,7 k €	+44.5%	130,6 k €	+30.3%	100,2 k €
Total assets	367,2 k €	-4.2%	383,4 k €	-48.6%	745,4 k €	+4.4%	713,7 k €	+1.9%	700,3 k €
Cash	229,5 k €	+168%	85,6 k €	-84.8%	563 k €	-3.0%	580,2 k €	+6.4%	545,6 k €
Debts	269,1 k €	-14.5%	314,9 k €	-40.3%	527,2 k €	-4.8%	553,8 k €	+1.7%	544,5 k €
Other
Workforce	0,4 ETP	-60.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP	-20.0%	1,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 12 ended

Active mandates

BAL MANAGEMENT

Director · 0880.322.906

Represented by GUY BAL

Active

GUY BAL

Managing director

Active

Ended mandates

BAL MANAGEMENT

Director · since 01 avril 2011 · until 31 mars 2017 · 0880.322.906

Represented by GUY BAL

Ended

BAL MANAGEMENT

Manager · since 01 avril 2011 · until 31 mars 2017 · 0880.322.906

Represented by GUY BAL

Ended

GUY BAL

Managing director · since 01 avril 2011 · until 31 mars 2017

Ended

BAL MANAGEMENT

Director · since 31 mars 2006 · until 06 juin 2011 · 0880.322.906

Represented by Guy Bal

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/06/2026	30/09/2025	25/06/2024	29/09/2023	30/09/2022	29/11/2021
General meeting	31/05/2026	29/09/2025	25/06/2024	25/09/2023	15/09/2022	31/10/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/05/2026	29/06/2026	Dutch	PDF
Abridged model	31/12/2024	29/09/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	25/06/2024	Dutch	PDF
Abridged model	31/12/2022	25/09/2023	29/09/2023	Dutch	PDF
Abridged model	31/12/2021	15/09/2022	30/09/2022	Dutch	PDF
Abridged model	31/12/2020	31/10/2021	29/11/2021	Dutch	PDF
Abridged model	31/12/2019	30/09/2020	03/11/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	13/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	04/09/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	28/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/12/2012	31/12/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	01/12/2011	Dutch	PDF
Abridged model	31/12/2009	04/08/2010	06/08/2010	Dutch	PDF
Abridged model	31/12/2008	14/10/2009	14/10/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	24/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	29/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 12 ended

Active mandates

BAL MANAGEMENT

Director · 0880.322.906

Represented by GUY BAL

Active

GUY BAL

Managing director

Active

Ended mandates

BAL MANAGEMENT

Director · since 01 avril 2011 · until 31 mars 2017 · 0880.322.906

Represented by GUY BAL

Ended

BAL MANAGEMENT

Manager · since 01 avril 2011 · until 31 mars 2017 · 0880.322.906

Represented by GUY BAL

Ended

GUY BAL

Managing director · since 01 avril 2011 · until 31 mars 2017

Ended

BAL MANAGEMENT

Director · since 31 mars 2006 · until 06 juin 2011 · 0880.322.906

Represented by Guy Bal

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates04/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/04/2006
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/09/2003
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 202530,5 k €↓
2024
Annual accounts 202443 k €↓
2023
Annual accounts 202358,1 k €↑
2022
Annual accounts 202230,3 k €↑
2021
Annual accounts 202129 k €↓
2020
Annual accounts 202060,1 k €↑
2019
Annual accounts 201932,6 k €↓
2018
Annual accounts 201839,9 k €↓
2017
Annual accounts 201752,7 k €↑
2016
Annual accounts 201651 k €↑
2015
Annual accounts 201550,7 k €↓
2014
Annual accounts 201451,9 k €↑
2013
Annual accounts 201336,3 k €↓
2012
Annual accounts 201270 k €↑
2011
Annual accounts 201157,6 k €↑
2010
Annual accounts 201043,8 k €↑
2009
Annual accounts 200940,5 k €↑
2008
Annual accounts 200827,7 k €↓
2007
Annual accounts 200738,3 k €↓
2006
Annual accounts 200656,9 k €
01/01/1968
IncorporationPublic limited company

Algemene Glaswerken Masson

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline