MASUI
0437.475.641 · rovalta.com · 22/09/2026
NORMAL SITUATION
MASUI
Financial year 2025 · closed on 25/03/2025
Net result
-191,7 €
+97.6% YoY
Gross margin
-1,8 k €
+82.6% YoY
Equity
31 k €
-73.0% YoY
Company — Normal situation.
Overview
What does MASUI do?
MASUI is a company registered in Belgium.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0437.475.641
Legal form
Private company with limited liability
Contributed capital
30 986,69 €
Latest accounts
25/03/2025
Joint committees (2)
- 14902
- 218
Signals
Good liquidity
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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 | |||||||||||||||||||||||||||||||||||||||
| Gross margin | -1,8 k € | +82.6% | -10,3 k € | +86.5% | -76,3 k € | -120% | 384,8 k € | +187% | 134,3 k € | +16.4% | 115,4 k € | -52.7% | 243,9 k € | +30.8% | 186,5 k € | -24.7% | 247,8 k € | +50.1% | 165 k € | -15.3% | 194,9 k € | +30.6% | 149,2 k € | -18.4% | 182,8 k € | -16.1% | 217,9 k € | -26.8% | 297,6 k € | +49.6% | 199 k € | -11.5% | 225 k € | -1.7% | 228,9 k € | +33.7% | 171,2 k € | +47.4% | 116,2 k € |
| EBITDA | -1,8 k € | +84.7% | -11,7 k € | +89.3% | -109,6 k € | -153% | 206,4 k € | +1608% | 12,1 k € | +280% | -6,7 k € | -114% | 48 k € | +7.2% | 44,8 k € | -60.9% | 114,5 k € | +138% | 48,1 k € | -6.1% | 51,2 k € | +531% | -11,9 k € | -80.2% | -6,6 k € | -455% | 1,9 k € | -98.1% | 97,8 k € | +1765% | 5,2 k € | -86.1% | 37,8 k € | -32.6% | 56,1 k € | +293% | -29 k € | -306% | -7,2 k € |
| Operating result | -1,8 k € | +84.7% | -11,7 k € | +89.3% | -109,6 k € | -154% | 204,3 k € | +17049% | 1,2 k € | +107% | -17,1 k € | -146% | 37 k € | +6.1% | 34,9 k € | -66.8% | 105,1 k € | +186% | 36,8 k € | -7.8% | 39,9 k € | +281% | -22 k € | -29.2% | -17 k € | -79.4% | -9,5 k € | -111% | 87,8 k € | +1957% | -4,7 k € | -117% | 28,4 k € | -39.7% | 47,1 k € | +223% | -38,2 k € | -95.3% | -19,5 k € |
| Net result | -191,7 € | +97.6% | -8 k € | +94.3% | -139,6 k € | -183% | 168,4 k € | +1517% | 10,4 k € | +161% | -17,1 k € | -165% | 26,4 k € | -11.5% | 29,8 k € | +1.6% | 29,3 k € | +28.5% | 22,8 k € | +82.9% | 12,5 k € | +130% | -41,8 k € | -29.6% | -32,3 k € | -705% | 5,3 k € | -91.4% | 61,9 k € | +398% | -20,8 k € | -353% | 8,2 k € | -49.7% | 16,3 k € | -76.7% | 70 k € | +242% | -49,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 31 k € | -73.0% | 114,8 k € | -6.5% | 122,8 k € | -53.2% | 262,4 k € | +179% | 94 k € | +12.5% | 83,6 k € | -17.0% | 100,7 k € | +35.5% | 74,3 k € | +66.9% | 44,5 k € | +376% | -16,1 k € | +58.6% | -38,9 k € | +24.3% | -51,4 k € | -437% | -9,6 k € | -142% | 22,7 k € | +30.7% | 17,4 k € | +153% | -32,6 k € | -176% | -11,8 k € | +41.0% | -20 k € | +44.9% | -36,3 k € | +65.8% | -106,3 k € |
| Total assets | 114,6 k € | -6.4% | 122,5 k € | -24.3% | 161,9 k € | -56.6% | 373,3 k € | +151% | 148,5 k € | -25.5% | 199,2 k € | -15.4% | 235,6 k € | +30.8% | 180,1 k € | +1.6% | 177,2 k € | -23.1% | 230,6 k € | -3.3% | 238,3 k € | -8.0% | 259,1 k € | -16.8% | 311,5 k € | +3.7% | 300,2 k € | -5.9% | 319,1 k € | +3.5% | 308,5 k € | -6.8% | 330,9 k € | +3.0% | 321,3 k € | -18.3% | 393,4 k € | +6.8% | 368,2 k € |
| Cash | 3,7 € | -100.0% | 21,2 k € | -78.2% | 97,6 k € | -68.7% | 311,7 k € | +6551% | 4,7 k € | -80.2% | 23,6 k € | +390% | 4,8 k € | +29.5% | 3,7 k € | -77.7% | 16,7 k € | +62.9% | 10,3 k € | +123% | 4,6 k € | -38.7% | 7,5 k € | -29.4% | 10,6 k € | +142% | 4,4 k € | -77.2% | 19,3 k € | +523% | 3,1 k € | -28.9% | 4,4 k € | -66.2% | 12,9 k € | +477% | 2,2 k € | -68.3% | 7 k € |
| Debts | 83,7 k € | +990% | 7,7 k € | -80.3% | 39,1 k € | -64.8% | 110,9 k € | +104% | 54,5 k € | -40.3% | 91,3 k € | -17.4% | 110,6 k € | +35.7% | 81,5 k € | -24.8% | 108,4 k € | -56.1% | 246,7 k € | -11.0% | 277,3 k € | -10.7% | 310,4 k € | -3.3% | 321,1 k € | +15.7% | 277,6 k € | +0.6% | 276 k € | -19.1% | 341,1 k € | -0.5% | 342,7 k € | +1.3% | 338,2 k € | -21.3% | 429,7 k € | -9.4% | 474,5 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | 3,0 ETP | -100.0% | 6 544,0 ETP | +136233% | 4,8 ETP | -21.3% | 6,1 ETP | +24.5% | 4,9 ETP | -7.5% | 5,3 ETP | -24.3% | 7,0 ETP | -1.4% | 7,1 ETP | +6.0% | 6,7 ETP | +21.8% | 5,5 ETP | ||||||||||
Governance
Board of directors
Seen on filing of 25/03/2025 · 1 active · 8 ended
Active mandates
Themistockle Tousis
ActiveEnded mandates
Themistokle Tousis
EndedFoti Papadi
EndedFoti Papadi
EndedGeorges Tousis
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 25/03/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 3 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 22/05/2025 | 22/05/2025 | 02/10/2024 | 30/08/2023 | 30/05/2022 | 30/08/2021 |
| General meeting | 15/04/2025 | 15/04/2025 | 31/05/2024 | 26/05/2023 | 27/05/2022 | 28/05/2021 |
| 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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Annual accounts filings
36 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 25/03/2025 | 15/04/2025 | 22/05/2025 | French | |
| Micro model | 31/12/2024 | 15/04/2025 | 22/05/2025 | French | |
| Micro model | 31/12/2023 | 31/05/2024 | 02/10/2024 | French | |
| Micro model | 31/12/2022 | 26/05/2023 | 30/08/2023 | French | |
| Micro model | 31/12/2021 | 27/05/2022 | 30/05/2022 | French | |
| Micro model | 31/12/2020 | 28/05/2021 | 30/08/2021 | French | |
| Micro model | 31/12/2019 | 29/05/2020 | 01/07/2020 | French | |
| Micro model | 31/12/2018 | 31/05/2019 | 26/06/2019 | French | |
| Micro model | 31/12/2017 | 25/05/2018 | 28/05/2018 | French | |
| Micro model | 31/12/2016 | 26/05/2017 | 24/07/2017 | French | |
| Abridged model | 31/12/2015 | 27/05/2016 | 20/10/2016 | French | |
| Abridged model | 31/12/2014 | 29/05/2015 | 29/09/2015 | French | |
| Abridged model | 31/12/2013 | 03/07/2014 | 23/07/2014 | French | |
| Abridged model | 31/12/2012 | 31/05/2013 | 03/06/2013 | French | |
| Abridged model | 31/12/2011 | 25/05/2012 | 25/06/2012 | French | |
| Abridged model | 31/12/2010 | 27/05/2011 | 05/07/2011 | French | |
| Abridged model | 31/12/2009 | 28/05/2010 | 30/06/2010 | French | |
| Abridged model | 31/12/2008 | 29/05/2009 | 05/06/2009 | French | |
| Abridged model | 31/12/2007 | 25/11/2008 | 22/12/2008 | French | |
| Abridged model | 31/12/2006 | 26/11/2007 | 30/11/2007 | French | |
| Abridged model | 31/12/2005 | 26/05/2006 | 08/12/2006 | French | |
| Abridged model | 31/12/2004 | 27/05/2005 | 23/12/2005 | French | |
| Abridged model | 31/12/2003 | 28/05/2004 | 19/11/2004 | French | |
| Abridged model | 31/12/2002 | 30/05/2003 | 23/01/2004 | French |
Valuation
Estimate
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 25/03/2025 · 1 active · 8 ended
Active mandates
Themistockle Tousis
ActiveEnded mandates
Themistokle Tousis
EndedFoti Papadi
EndedFoti Papadi
EndedGeorges Tousis
EndedShareholders
Ownership and network
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Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-191,7 €↑
- 2024Annual accounts 2024-8 k €↑
- 2023Annual accounts 2023-139,6 k €↓
- 2022Annual accounts 2022168,4 k €↑
- 2021Annual accounts 202110,4 k €↑
- 2020Annual accounts 2020-17,1 k €↓
- 2019Annual accounts 201926,4 k €↓
- 2018Annual accounts 201829,8 k €↑
- 2017Annual accounts 201729,3 k €↑
- 2016Annual accounts 201622,8 k €↑
- 2015Annual accounts 201512,5 k €↑
- 2014Annual accounts 2014-41,8 k €↓
- 2013Annual accounts 2013-32,3 k €↓
- 2012Annual accounts 20125,3 k €↓
- 2011Annual accounts 201161,9 k €↑
- 2010Annual accounts 2010-20,8 k €↓
- 2009Annual accounts 20098,2 k €↓
- 2008Annual accounts 200816,3 k €↓
- 2007Annual accounts 200770 k €↑
- 2006Annual accounts 2006-49,2 k €