ACTIVE

MASABI

Financial year 2025 · Closed on 31/12/2025

Net result265,2 k €-53,2 %over 1 year

Gross margin1 M €+26,6 %over 1 year

Equity3,7 M €-7,6 %over 1 year

Identity

Source · BCE/KBO

MASABI is a Private company with limited liability incorporated in 1955. Its main activity is: Production of electricity. Its registered office is in Ravels.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0403.763.389
Incorporation: 30/01/1955
Legal form: Private company with limited liability
Registered office: Polderstraat 34
2381 Ravels · FlandreSee on map
Contributed capital: 500 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 35130Distribution of electricity 35140Trade of electricity 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1 M €	+26.6%	795 k €	-18.7%	978,5 k €	-29.1%	1,4 M €	+9.4%	1,3 M €
EBITDA	779 k €	+35.5%	575 k €	-16.8%	691,2 k €	-36.4%	1,1 M €	+8.4%	1 M €
Operating result	358,7 k €	+133%	154,3 k €	-42.7%	269,2 k €	-59.5%	665,3 k €	+15.2%	577,6 k €
Net result	265,2 k €	-53.2%	566,4 k €	-69.2%	1,8 M €	+263%	506 k €	+27.3%	397,4 k €
Balance sheet
Equity	3,7 M €	-7.6%	4 M €	+14.3%	3,5 M €	+27.6%	2,8 M €	+11.3%	2,5 M €
Total assets	7,5 M €	-6.1%	8 M €	-9.2%	8,8 M €	-5.6%	9,3 M €	+12.9%	8,2 M €
Cash	112 k €	-38.8%	183 k €	-65.9%	536,6 k €	+31.7%	407,5 k €	+155%	159,8 k €
Debts	3,7 M €	-4.6%	3,9 M €	-25.1%	5,2 M €	-19.7%	6,5 M €	+13.6%	5,7 M €
Other
Workforce	–		–		0,9 ETP	-10.0%	1,0 ETP	0.0%	1,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
'T HUISJE AAN DE WATERKANT0454.867.939Represented by Ilse Van der Voort	DirectorManager2017 accountsended
CHAPUNGU BEHEER0600.893.719Represented by Margareta De Wolf	DirectorManager2021 accountsended
FLANDERS INTERIORS0454.780.540Represented by ILSE VAN DER VOORT	DirectorManager2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ETIENNE ORENS	Manager2015 accounts
MIGUEL VAN HOOF	Manager2006 accounts
ORENS BEHEER0474.806.783Represented by Etienne Orens	Director2022 accountsManager2021 accounts

Other companies at this address

Polderstraat 34 2381 Ravels

Company	CBE no.
A3 & COMPANY● Active	0870.550.452
ANTLIA INVEST● Active	0768.913.951
BEDRIJVENCENTRUM MERKSPLAS● Active	0440.631.804
CALLISTO INVEST● Active	0650.784.480
CEFIAC - CENTRUM VOOR FISCALITEIT EN ACCOUNTANCY● Active	0420.131.348
CHAPUNGU BEHEER● Active	0600.893.719
FLANDERS INTERIORS● Active	0454.780.540
IMMO GLOBAL● Active	0447.590.662
Kabarda Pumps● Active	0628.497.345
MASABI CAPITAL● Active	0447.182.668
MONRO● Active	0451.054.057
ORENS INVEST● Active	0893.360.102
RED STAR IMMO● Active	0553.516.543
Tecno-Dis● Active	0424.487.539
'T HUISJE AAN DE WATERKANT● Active	0454.867.939
Van Looveren Administratie● Active	0562.958.504
VERTORA● Active	1029.240.868

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	24/07/2026	29/07/2025	24/07/2024	03/07/2023	29/06/2022	01/07/2021
General meeting	30/06/2026	30/06/2025	22/06/2024	24/06/2023	25/06/2022	26/06/2021
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	30/06/2026	24/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	29/07/2025	Dutch	PDF
Abridged model	31/12/2023	22/06/2024	24/07/2024	Dutch	PDF
Abridged model	31/12/2022	24/06/2023	03/07/2023	Dutch	PDF
Abridged model	31/12/2021	25/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	26/06/2021	01/07/2021	Dutch	PDF
Abridged model	31/12/2019	24/06/2020	15/07/2020	Dutch	PDF
Abridged model	31/12/2018	25/05/2019	27/06/2019	Dutch	PDF
Abridged model	31/12/2017	26/05/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	05/07/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	01/07/2016	Dutch	PDF
Abridged model	31/12/2014	23/05/2015	19/06/2015	Dutch	PDF
Abridged model	31/12/2013	24/05/2014	27/06/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	27/07/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	22/06/2011	Dutch	PDF
Abridged model	31/12/2009	22/05/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	23/05/2009	29/07/2009	Dutch	PDF
Abridged model	31/12/2007	24/05/2008	31/07/2008	Dutch	PDF
Abridged model	31/12/2006	28/05/2007	30/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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

3 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
'T HUISJE AAN DE WATERKANT0454.867.939Represented by Ilse Van der Voort	DirectorManager2017 accountsended
CHAPUNGU BEHEER0600.893.719Represented by Margareta De Wolf	DirectorManager2021 accountsended
FLANDERS INTERIORS0454.780.540Represented by ILSE VAN DER VOORT	DirectorManager2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ETIENNE ORENS	Manager2015 accounts
MIGUEL VAN HOOF	Manager2006 accounts
ORENS BEHEER0474.806.783Represented by Etienne Orens	Director2022 accountsManager2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates19/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/08/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/12/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2013
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/03/2010
NAAMSWIJZIGING ZETELVERPLAATSING DOELSUITBREIDING
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1955

Name

Registered office

Annual accounts

Filings20 filings

Mandates

FLANDERS INTERIORS

'T HUISJE AAN DE WATERKANT

CHAPUNGU BEHEER

PROPERTIES MANAGEMENT & CONSULTANCY

ORENS BEHEER

MIGUEL VAN HOOF

ETIENNE ORENS

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

MASABI

Polderstraat 34, 2381 Weelde

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Polderstraat 34, 2381 WeeldeCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00328132
FRANS DE BEUCKELEERLAAN 2, 2970 Schilde	accounts 2021	Accounts 2021 · 2022-20106852

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MASABICurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00328132

Events

2025
Annual accounts 2025265,2 k €↓
2024
Annual accounts 2024566,4 k €↓
2023
Annual accounts 20231,8 M €↑
2022
Annual accounts 2022506 k €↑
2021
Annual accounts 2021397,4 k €↑
2020
Annual accounts 2020236,8 k €↓
2019
Annual accounts 2019283,1 k €↑
2018
Annual accounts 2018268,6 k €↑
2017
Annual accounts 2017236,6 k €↓
2016
Annual accounts 2016457,5 k €↑
2015
Annual accounts 2015208,5 k €↑
2014
Annual accounts 2014166,2 k €↓
2013
Annual accounts 2013469,4 k €↑
2012
Annual accounts 2012340,3 k €↑
2011
Annual accounts 20115 k €↑
2010
Annual accounts 2010-11,1 k €↓
2009
Annual accounts 2009-1,2 k €↓
2008
Annual accounts 20081,7 k €↑
2007
Annual accounts 20071,5 k €↑
2006
Annual accounts 2006-2,2 k €
30/01/1955
IncorporationPrivate company with limited liability

MASABI

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Registered offices

Company names

Events