ACTIVE

Masereelfonds

Financial year 2025 · closed on 31/12/2025
Net result
42,4 k €
+1162.6% YoY
Gross margin
394,1 k €
-3.0% YoY
Equity
905,7 k €
+4.9% YoY

What does Masereelfonds do?

Masereelfonds is a Non-profit organization incorporated in 1971. Its main activity is: Libraries, archives, museums and other cultural activities. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0408.047.722
Incorporation
16/01/1971
Legal form
Non-profit organization
Registered office
Sint-Jansvest 7
9000 Gent · FlandreSee on map
Latest accounts
31/12/2025
Joint committees (1)
  • 329
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin394,1 k €406,5 k €378,4 k €356,8 k €346,1 k €395,3 k €378 k €371,9 k €
EBITDA54,9 k €-11,3 k €13,2 k €5 k €31,9 k €51,1 k €-67,1 k €10,8 k €
Operating result40,8 k €-25,4 k €-1,3 k €-9,3 k €17,2 k €36,2 k €-82,3 k €-5,4 k €
Net result42,4 k €-4 k €-11,6 k €-2,3 k €19,8 k €27,1 k €-83 k €-4,1 k €
Balance sheet
Equity905,7 k €863,3 k €867,3 k €878,9 k €881,2 k €861,4 k €834,3 k €917,3 k €
Total assets977,3 k €946,9 k €939,4 k €938 k €953,7 k €925,2 k €880 k €972 k €
Cash283,1 k €283,2 k €293,8 k €251,8 k €262,4 k €202,5 k €172,8 k €284,7 k €
Debts67 k €59,5 k €62,1 k €49,3 k €65,7 k €56,3 k €41 k €54,7 k €
Other
Workforce6,5 ETP6,2 ETP6,9 ETP6,7 ETP5,8 ETP6,3 ETP6,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 14 active · 23 ended

Active mandates

Angeline VAN DEN RIJSE

Director · since 28 mars 2023

Active
Hugo Buyssens

Director · since 28 mars 2023

Active
Kelly FRANCEUS

Director · since 28 mars 2023

Active
Kristien Merckx

Director · since 28 mars 2023

Active
Nathalie Vallet

Director · since 28 mars 2023

Active
Reinhard VAN GISTEREN

Director · since 28 mars 2023

Active
Renate COEN

Director · since 28 mars 2023

Active
Roland SYVERTSEN

Director · since 28 mars 2023

Active
Frank Jacobs

Director · since 24 mars 2018

Active
Philip Delmotte

Director · since 18 mars 2017

Active
Jelle Versieren

Director · since 12 janvier 2013

Active
Raoul Flies

Director · since 12 janvier 2013

Active
Rembert De Blander

Director · since 12 janvier 2013

Active
Karim Zahidi

Director

Active

Ended mandates

Eric CABOOTER

Director · since 23 mars 2019 · until 23 mars 2023

Ended
Eric NOBELS

Director · since 23 mars 2019 · until 23 mars 2023

Ended
Filip DELMOTTE

Director · since 23 mars 2019 · until 23 mars 2023

Ended
Frank Jacobs

Director · since 23 mars 2019 · until 23 mars 2023

Ended
At this address

Other companies at this address

Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date26/07/202626/07/202612/11/202429/11/202315/07/202229/04/2021
General meeting23/03/202625/03/202523/03/202428/03/202331/03/202220/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202523/03/202626/07/2026DutchPDF
Abridged model31/12/202425/03/202526/07/2026DutchPDF
Abridged model31/12/202323/03/202412/11/2024DutchPDF
Abridged model31/12/202228/03/202329/11/2023DutchPDF
Abridged model31/12/202131/03/202215/07/2022DutchPDF
Abridged model31/12/202020/03/202129/04/2021DutchPDF
Abridged model31/12/201912/06/202023/07/2020DutchPDF
Abridged model31/12/201823/03/201917/07/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 14 active · 23 ended

Active mandates

Angeline VAN DEN RIJSE

Director · since 28 mars 2023

Active
Hugo Buyssens

Director · since 28 mars 2023

Active
Kelly FRANCEUS

Director · since 28 mars 2023

Active
Kristien Merckx

Director · since 28 mars 2023

Active
Nathalie Vallet

Director · since 28 mars 2023

Active
Reinhard VAN GISTEREN

Director · since 28 mars 2023

Active
Renate COEN

Director · since 28 mars 2023

Active
Roland SYVERTSEN

Director · since 28 mars 2023

Active
Frank Jacobs

Director · since 24 mars 2018

Active
Philip Delmotte

Director · since 18 mars 2017

Active
Jelle Versieren

Director · since 12 janvier 2013

Active
Raoul Flies

Director · since 12 janvier 2013

Active
Rembert De Blander

Director · since 12 janvier 2013

Active
Karim Zahidi

Director

Active

Ended mandates

Eric CABOOTER

Director · since 23 mars 2019 · until 23 mars 2023

Ended
Eric NOBELS

Director · since 23 mars 2019 · until 23 mars 2023

Ended
Filip DELMOTTE

Director · since 23 mars 2019 · until 23 mars 2023

Ended
Frank Jacobs

Director · since 23 mars 2019 · until 23 mars 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/09/2024
    BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates12/04/2024
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates04/12/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/06/2019
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office26/06/2018
    MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates01/06/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/05/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/12/2013
    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

Timeline

  1. 2025
    Annual accounts 202542,4 k €
  2. 2025
    Name changeMasereelfonds
  3. 2024
    Annual accounts 2024-4 k €
  4. 2023
    Annual accounts 2023-11,6 k €
  5. 2022
    Annual accounts 2022-2,3 k €
  6. 2021
    Annual accounts 202119,8 k €
  7. 2021
    Name changeFrans Masereelfonds
  8. 2020
    Annual accounts 202027,1 k €
  9. 2019
    Annual accounts 2019-83 k €
  10. 2018
    Annual accounts 2018-4,1 k €
  11. 2018
    Name changeFrans Masereel Fonds
  12. 16/01/1971
    IncorporationNon-profit organization