NORMAL SITUATION

Tegelfabriek van Massenhoven

Company — Normal situation.

Financial year 2025 · Closed on 31/12/2025

Net result786 k €+157,4 %over 1 year
Gross margin387,2 k €-2,5 %over 1 year
Equity807,6 k €-21,8 %over 1 year
Workforce6,6 ETP

Identity

Source · BCE/KBO

Tegelfabriek van Massenhoven is a company registered in Belgium. It employs on average 6,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0417.776.723
Legal form
Public limited company
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
6,6 ETP
Joint committees (5)
  • 106
  • 124
  • 200
  • 201
  • 218
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 48 filings

Trend over 18 financial years

20252024202320222021
Income statement
Gross margin387,2 k €397 k €442,7 k €536,5 k €482 k €
EBITDA55 k €62,1 k €59,5 k €126,5 k €157,2 k €
Operating result55 k €61,5 k €58,9 k €125,6 k €156,3 k €
Net result786 k €305,4 k €366,9 k €417,4 k €112,1 k €
Balance sheet
Equity807,6 k €1 M €1 M €1 M €992,7 k €
Total assets1,3 M €2,2 M €1,9 M €1,6 M €1,2 M €
Cash223 k €171,3 k €157,7 k €36,5 k €22 k €
Debts529,1 k €1,2 M €904,5 k €606,8 k €209,8 k €
Other
Workforce6,6 ETP––––

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 20 ended

Active mandates

AUDITE BV

Director · since 21 novembre 2025 · until 16 mai 2031 · 1002.698.007

Represented by Cédric Thimmesch

Active
COVALGO

Director · since 21 novembre 2025 · until 16 mai 2031 · 0632.862.741

Represented by Jacques Donners

Active
Kaname Consulting

Director · since 21 novembre 2025 · until 16 mai 2031 · 0668.707.013

Represented by Nick D'Joos

Active
UNITED TILES BELGIUM

Director · since 21 novembre 2025 · until 16 mai 2031 · 1001.076.919

Represented by Jef Huet

Active
ASR

Director · since 16 décembre 2020 · until 21 novembre 2025 · 0863.443.322

Represented by Katleen Lemmens

Active
Dancaro

Director · since 16 décembre 2020 · until 21 novembre 2025 · 0668.757.491

Represented by Jonathan Daniëls

Active
S.T.O.R.M.

Director · since 16 décembre 2020 · until 21 novembre 2025 · 0758.622.548

Represented by Caroline Vergauwen

Active

Ended mandates

ASR

Director · since 01 janvier 2021 · until 18 mai 2026 · 0863.443.322

Represented by Katleen Lemmens

Ended
ASR

Director · since 01 janvier 2021 · until 18 mai 2026 · 0863.443.322

Represented by Katleen LEMMENS

Ended
ASR

Managing director · since 01 janvier 2021 · until 18 mai 2026 · 0863.443.322

Represented by Katleen LEMMENS

Ended
Dancaro

Director · since 01 janvier 2021 · until 18 mai 2026 · 0668.757.491

Represented by Jonathan DANIËLS

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged 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 date19/03/202625/02/202529/04/202421/06/202328/06/202230/06/2021
General meeting06/03/202624/02/202526/04/202415/05/202316/05/202217/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 48 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202506/03/202619/03/2026DutchPDF
Abridged model31/12/202424/02/202525/02/2025DutchPDF
Abridged model31/12/202326/04/202429/04/2024DutchPDF
Abridged model31/12/202215/05/202321/06/2023DutchPDF
Abridged model31/12/202116/05/202228/06/2022DutchPDF
Abridged model31/12/202017/05/202130/06/2021DutchPDF
Abridged model31/12/201906/04/202017/06/2020DutchPDF
Abridged model31/12/201820/05/201919/06/2019DutchPDF
Abridged model31/12/201722/05/201826/06/2018DutchPDF
Abridged model31/12/201615/05/201713/06/2017DutchPDF
Abridged model31/12/201517/05/201609/06/2016DutchPDF
Abridged model31/12/201418/05/201504/06/2015DutchPDF
Abridged model31/12/201319/05/201416/06/2014DutchPDF
Abridged model31/12/201221/05/201319/06/2013DutchPDF
Abridged model31/12/201121/05/201207/06/2012DutchPDF
Abridged model31/12/201016/05/201123/06/2011DutchPDF
Abridged model31/12/200928/05/201025/06/2010DutchPDF
Abridged model31/12/200829/05/200911/08/2009DutchPDF
Abridged model31/12/200723/06/200827/08/2008DutchPDF
Abridged model31/12/200623/06/200728/08/2007DutchPDF
Abridged model31/12/200523/06/200627/06/2006DutchPDF
Abridged model31/12/200415/06/200508/07/2005DutchPDF
Abridged model31/12/200331/08/200413/09/2004DutchPDF
Abridged model31/12/200230/06/200315/07/2003DutchPDF

View all 48 filings

Indicative valuation

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

7 active · 20 ended

Active mandates

AUDITE BV

Director · since 21 novembre 2025 · until 16 mai 2031 · 1002.698.007

Represented by Cédric Thimmesch

Active
COVALGO

Director · since 21 novembre 2025 · until 16 mai 2031 · 0632.862.741

Represented by Jacques Donners

Active
Kaname Consulting

Director · since 21 novembre 2025 · until 16 mai 2031 · 0668.707.013

Represented by Nick D'Joos

Active
UNITED TILES BELGIUM

Director · since 21 novembre 2025 · until 16 mai 2031 · 1001.076.919

Represented by Jef Huet

Active
ASR

Director · since 16 décembre 2020 · until 21 novembre 2025 · 0863.443.322

Represented by Katleen Lemmens

Active
Dancaro

Director · since 16 décembre 2020 · until 21 novembre 2025 · 0668.757.491

Represented by Jonathan Daniëls

Active
S.T.O.R.M.

Director · since 16 décembre 2020 · until 21 novembre 2025 · 0758.622.548

Represented by Caroline Vergauwen

Active

Ended mandates

ASR

Director · since 01 janvier 2021 · until 18 mai 2026 · 0863.443.322

Represented by Katleen Lemmens

Ended
ASR

Director · since 01 janvier 2021 · until 18 mai 2026 · 0863.443.322

Represented by Katleen LEMMENS

Ended
ASR

Managing director · since 01 janvier 2021 · until 18 mai 2026 · 0863.443.322

Represented by Katleen LEMMENS

Ended
Dancaro

Director · since 01 janvier 2021 · until 18 mai 2026 · 0668.757.491

Represented by Jonathan DANIËLS

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Dissolution04/05/2026
    RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates10/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring10/02/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates06/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares04/02/2021
    KAPITAAL - AANDELEN
    PDF
  • Mandates18/12/2020
    WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/03/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/04/2015
    ONTSLAGEN - BENOEMINGEN
    PDF

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 2025786 k €↑
  2. 2024
    Annual accounts 2024305,4 k €↓
  3. 2023
    Annual accounts 2023366,9 k €↓
  4. 2022
    Annual accounts 2022417,4 k €↑
  5. 2021
    Annual accounts 2021112,1 k €↑
  6. 2018
    Annual accounts 20185,5 k €↓
  7. 2017
    Annual accounts 201718,1 k €↓
  8. 2016
    Annual accounts 201667,5 k €↑
  9. 2015
    Annual accounts 20156,6 k €↓
  10. 2014
    Annual accounts 201415 k €↓
  11. 2013
    Annual accounts 201392,9 k €↑
  12. 2012
    Annual accounts 201261,4 k €↑
  13. 2011
    Annual accounts 201123,5 k €↑
  14. 2010
    Annual accounts 2010-8,9 k €↓
  15. 2009
    Annual accounts 200930,1 k €↑
  16. 2008
    Annual accounts 200821,3 k €↑
  17. 2007
    Annual accounts 2007-16,8 k €↓
  18. 2006
    Annual accounts 200625,1 k €