ACTIVE

MASELIS

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Financial year 2025 · closed on 31/12/2025

Net result

2,5 M €

+14.3% YoY

Revenue

169,3 M €

-3.1% YoY

Equity

69,1 M €

+3.7% YoY

Workforce

101,3 ETP

+8.1% YoY

What does MASELIS do?

MASELIS is a Public limited company incorporated in 1943. Its registered office is in Roeselare. It employs on average 101,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.580.556

Incorporation

04/09/1943

Legal form

Public limited company

Registered office

Kaaistraat 19
8800 Roeselare · FlandreSee on map

Contributed capital

2 900 000,00 €

Latest accounts

31/12/2025

Average workforce

101,3 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	169,3 M €	-3.1%	174,7 M €	-6.9%	187,6 M €	+13.9%	164,8 M €	+29.2%	127,5 M €	+19.6%	106,7 M €	+5.1%	101,5 M €	+7.7%	94,2 M €	+2.2%	92,2 M €	+9.6%	84,1 M €	-0.5%	84,6 M €	+4.5%	80,9 M €	-8.6%	88,5 M €	+3.8%	85,3 M €	+9.5%	77,9 M €	+36.2%	57,2 M €	+3.5%	55,3 M €	-16.1%	65,9 M €	+26.6%	52 M €	+38.5%	37,6 M €
EBITDA	3,6 M €	-23.6%	4,8 M €	-9.6%	5,3 M €	-63.1%	14,3 M €	+8.7%	13,1 M €	+51.1%	8,7 M €	+14.9%	7,6 M €	-0.6%	7,6 M €	-3.6%	7,9 M €	+57.7%	5 M €	+12.9%	4,4 M €	+26.8%	3,5 M €	-7.7%	3,8 M €	-37.1%	6 M €	-13.2%	7 M €	+24.9%	5,6 M €	+18.5%	4,7 M €	+18.0%	4 M €	-19.8%	5 M €	+15.2%	4,3 M €
Operating result	1,3 M €	-40.4%	2,2 M €	-7.4%	2,4 M €	-71.0%	8,2 M €	-1.3%	8,4 M €	+45.5%	5,7 M €	+37.7%	4,2 M €	-10.3%	4,6 M €	-11.9%	5,3 M €	+81.2%	2,9 M €	-1.7%	3 M €	+61.3%	1,8 M €	-17.9%	2,2 M €	-50.3%	4,5 M €	-19.7%	5,6 M €	+56.4%	3,6 M €	+29.5%	2,8 M €	+22.5%	2,3 M €	-37.4%	3,6 M €	+14.7%	3,1 M €
Net result	2,5 M €	+14.3%	2,2 M €	+4.0%	2,1 M €	-63.4%	5,7 M €	+2.4%	5,6 M €	+30.0%	4,3 M €	+36.0%	3,1 M €	-11.7%	3,6 M €	-6.5%	3,8 M €	+67.1%	2,3 M €	-15.5%	2,7 M €	+3.0%	2,6 M €	+96.8%	1,3 M €	-58.8%	3,2 M €	-18.8%	4 M €	+48.2%	2,7 M €	+47.0%	1,8 M €	+30.0%	1,4 M €	-41.5%	2,4 M €	+18.8%	2 M €
Balance sheet
Equity	69,1 M €	+3.7%	66,6 M €	+3.4%	64,5 M €	+3.3%	62,4 M €	+10.0%	56,7 M €	+10.9%	51,1 M €	+9.1%	46,9 M €	+7.2%	43,7 M €	+8.9%	40,1 M €	+10.4%	36,4 M €	+6.6%	34,1 M €	+8.5%	31,5 M €	+9.0%	28,9 M €	+4.7%	27,6 M €	+13.1%	24,4 M €	+11.1%	21,9 M €	+13.7%	19,3 M €	+60.7%	12 M €	+0.1%	12 M €	+8.5%	11 M €
Total assets	98,1 M €	-1.1%	99,2 M €	-5.0%	104,4 M €	+7.1%	97,5 M €	+7.5%	90,7 M €	+8.2%	83,9 M €	+10.2%	76,1 M €	+32.6%	57,4 M €	+6.1%	54,1 M €	+13.0%	47,8 M €	+0.5%	47,6 M €	+25.5%	37,9 M €	+6.8%	35,5 M €	-0.4%	35,7 M €	-2.5%	36,6 M €	+31.2%	27,9 M €	+4.8%	26,6 M €	+19.4%	22,3 M €	+8.8%	20,5 M €	+24.6%	16,4 M €
Cash	3,3 M €	-55.2%	7,4 M €	+39.7%	5,3 M €	+70.6%	3,1 M €	-2.9%	3,2 M €	+81.5%	1,8 M €	-2.3%	1,8 M €	+9.2%	1,6 M €	-49.0%	3,2 M €	+363%	698,4 k €	-31.8%	1 M €	-2.8%	1,1 M €	+5.0%	1 M €	+88.5%	533,1 k €	-65.9%	1,6 M €	+238%	462,4 k €	-80.9%	2,4 M €	+111%	1,1 M €	-24.5%	1,5 M €	-3.1%	1,6 M €
Debts	26 M €	-11.7%	29,4 M €	-20.0%	36,7 M €	+15.3%	31,9 M €	-2.0%	32,5 M €	-0.2%	32,6 M €	+11.4%	29,3 M €	+115%	13,6 M €	-2.0%	13,9 M €	+21.2%	11,5 M €	-14.8%	13,5 M €	+111%	6,4 M €	-3.2%	6,6 M €	-17.8%	8 M €	-33.9%	12,1 M €	+106%	5,9 M €	-18.6%	7,3 M €	-28.9%	10,2 M €	+22.2%	8,3 M €	+56.9%	5,3 M €
Other
Workforce	101,3 ETP	+8.1%	93,7 ETP	+5.5%	88,8 ETP	+2.2%	86,9 ETP	+3.0%	84,4 ETP	+5.4%	80,1 ETP	+6.8%	75,0 ETP	-0.9%	75,7 ETP	-0.1%	75,8 ETP	+6.3%	71,3 ETP	+4.2%	68,4 ETP	+2.4%	66,8 ETP	+0.9%	66,2 ETP	-1.0%	66,9 ETP	+6.5%	62,8 ETP	+16.7%	53,8 ETP	+6.3%	50,6 ETP	+4.3%	48,5 ETP	+7.1%	45,3 ETP	+1.6%	44,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 18 ended

Active mandates

GYMA

Director · since 28 avril 2022 · until 27 avril 2028 · 0470.395.857

Active

KRM

Director · since 28 avril 2022 · until 27 avril 2028 · 0872.623.084

Active

SANDEB

Director · since 28 avril 2022 · until 27 avril 2028 · 0450.292.509

Represented by Siska Lecluyse

Active

SILESAM

Managing director · since 28 avril 2022 · until 27 avril 2028 · 0421.482.519

Represented by Patrick Maselis

Active

Siska Lecluyse

Director · since 28 avril 2022 · until 27 avril 2028

Active

Ended mandates

Benoit Verhaeghe

Director · since 01 mai 2020 · until 28 avril 2022

Ended

GYMA

Director · since 28 avril 2016 · until 28 avril 2022 · 0470.395.857

Represented by Guy Maenhout

Ended

GYMA

Director · since 28 avril 2016 · until 28 avril 2022 · 0470.395.857

Ended

KRM

Director · since 28 avril 2016 · until 28 avril 2022 · 0872.623.084

Represented by Kris Matten

Ended

At this address

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INVESTFILA● Active	0826.962.315
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Miferouti● Active	0818.392.067
MNF INVEST● Active	0881.136.320
ROLLARIUS INVEST● Active	0506.731.760

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	07/08/2026	16/07/2025	27/06/2024	29/06/2023	27/05/2022	07/05/2021
General meeting	22/07/2026	11/07/2025	21/06/2024	18/06/2023	28/04/2022	29/04/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	22/07/2026	07/08/2026	Dutch	PDF
Full model	31/12/2024	11/07/2025	16/07/2025	Dutch	PDF
Full model	31/12/2023	21/06/2024	27/06/2024	Dutch	PDF
Full model	31/12/2022	18/06/2023	29/06/2023	Dutch	PDF
Full model	31/12/2021	28/04/2022	27/05/2022	Dutch	PDF
Full model	31/12/2020	29/04/2021	07/05/2021	Dutch	PDF
Full model	31/12/2019	30/04/2020	07/05/2020	Dutch	PDF
Full model	31/12/2018	25/04/2019	05/05/2019	Dutch	PDF
Full model	31/12/2017	26/04/2018	22/05/2018	Dutch	PDF
Full model	31/12/2016	27/04/2017	16/05/2017	Dutch	PDF
Full model	31/12/2015	28/04/2016	23/05/2016	Dutch	PDF
Full model	31/12/2014	30/04/2015	20/05/2015	Dutch	PDF
Full model	31/12/2013	26/05/2014	20/06/2014	Dutch	PDF
Full model	31/12/2012	25/04/2013	02/05/2013	Dutch	PDF
Full model	31/12/2011	25/05/2012	30/05/2012	Dutch	PDF
Full model	31/12/2010	28/04/2011	27/05/2011	Dutch	PDF
Full model	31/12/2009	29/04/2010	06/05/2010	Dutch	PDF
Full model	31/12/2008	30/04/2009	25/05/2009	Dutch	PDF
Full model	31/12/2007	24/04/2008	19/05/2008	Dutch	PDF
Full model	31/12/2006	26/04/2007	25/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 18 ended

Active mandates

GYMA

Director · since 28 avril 2022 · until 27 avril 2028 · 0470.395.857

Active

KRM

Director · since 28 avril 2022 · until 27 avril 2028 · 0872.623.084

Active

SANDEB

Director · since 28 avril 2022 · until 27 avril 2028 · 0450.292.509

Represented by Siska Lecluyse

Active

SILESAM

Managing director · since 28 avril 2022 · until 27 avril 2028 · 0421.482.519

Represented by Patrick Maselis

Active

Siska Lecluyse

Director · since 28 avril 2022 · until 27 avril 2028

Active

Ended mandates

Benoit Verhaeghe

Director · since 01 mai 2020 · until 28 avril 2022

Ended

GYMA

Director · since 28 avril 2016 · until 28 avril 2022 · 0470.395.857

Represented by Guy Maenhout

Ended

GYMA

Director · since 28 avril 2016 · until 28 avril 2022 · 0470.395.857

Ended

KRM

Director · since 28 avril 2016 · until 28 avril 2022 · 0872.623.084

Represented by Kris Matten

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other21/02/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/07/2007
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/09/2005
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20252,5 M €↑
2024
Annual accounts 20242,2 M €↑
2023
Annual accounts 20232,1 M €↓
2022
Annual accounts 20225,7 M €↑
28/04/2022
reconductionSilesam NV — bestuurder en gedelegeerd bestuurder
28/04/2022
reconductionGyma BV — bestuurder
28/04/2022
reconductionSandeb NV — bestuurder
28/04/2022
reconductionKRM BV — bestuurder
28/04/2022
reconductionLecluyse Siska — bestuurder
2021
Annual accounts 20215,6 M €↑
2020
Annual accounts 20204,3 M €↑
2019
Annual accounts 20193,1 M €↓
2018
Annual accounts 20183,6 M €↓
2017
Annual accounts 20173,8 M €↑
2016
Annual accounts 20162,3 M €↓
2015
Annual accounts 20152,7 M €↑
2014
Annual accounts 20142,6 M €↑
2013
Annual accounts 20131,3 M €↓
2012
Annual accounts 20123,2 M €↓
2011
Annual accounts 20114 M €↑
2010
Annual accounts 20102,7 M €↑
2009
Annual accounts 20091,8 M €↑
2008
Annual accounts 20081,4 M €↓
2007
Annual accounts 20072,4 M €↑
2006
Annual accounts 20062 M €
04/09/1943
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MASELIS

Overview

What does MASELIS do?

Trend over 20 financial years

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