ACTIVE

MAASCH

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Financial year 2024 · closed on 31/12/2024

Net result

53,3 k €

+37.1% YoY

Gross margin

96,3 k €

+11.0% YoY

Equity

546,1 k €

+10.8% YoY

What does MAASCH do?

MAASCH is a Public limited company incorporated in 1990. Its main activity is: Data processing, hosting and related activities; web portals. Its registered office is in Schaerbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.260.135

Incorporation

22/02/1990

Legal form

Public limited company

Registered office

Boulevard Général Wahis 268 box 4
1030 Schaerbeek · BruxellesSee on map

Contributed capital

86 762,73 €

Latest accounts

31/12/2024

Activities (NACE)

63100Data processing, hosting and related activities; web portals· main 63110Data processing, hosting and related activities 72300Scientific research and development

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	96,3 k €	+11.0%	86,7 k €	-15.1%	102,2 k €	+24.0%	82,4 k €	-21.7%	105,2 k €	+26.0%	83,5 k €	+63.3%	51,1 k €	-6.2%	54,5 k €	-29.6%	77,4 k €	+33.5%	58 k €	-12.2%	66,1 k €	+38.8%	47,6 k €	+42.2%	33,5 k €	-12.6%	38,3 k €	-8.6%	41,9 k €	+22.4%	34,2 k €	-15.6%	40,5 k €	+69.1%	24 k €	+2.5%	23,4 k €
EBITDA	95 k €	+11.3%	85,3 k €	-15.5%	101 k €	+25.8%	80,3 k €	-22.5%	103,6 k €	+27.2%	81,5 k €	+50.8%	54 k €	+74.5%	31 k €	-56.7%	71,5 k €	+38.0%	51,8 k €	+14.8%	45,2 k €	-1.7%	46 k €	+71.8%	26,7 k €	-16.3%	31,9 k €	-11.6%	36,1 k €	+15.4%	31,3 k €	-0.4%	31,5 k €	+35.5%	23,2 k €	+1.2%	23 k €
Operating result	78,9 k €	+28.6%	61,4 k €	-23.7%	80,5 k €	+38.2%	58,2 k €	-29.4%	82,5 k €	+46.1%	56,5 k €	+88.6%	29,9 k €	+237%	8,9 k €	-82.2%	50,1 k €	+23.6%	40,5 k €	+11.0%	36,5 k €	-1.0%	36,9 k €	+105%	18 k €	-21.8%	22,9 k €	-17.6%	27,8 k €	+31.6%	21,2 k €	-5.8%	22,5 k €	+50.3%	14,9 k €	+2.6%	14,6 k €
Net result	53,3 k €	+37.1%	38,9 k €	-28.2%	54,2 k €	+61.9%	33,4 k €	-39.2%	55 k €	+40.0%	39,3 k €	+158%	15,2 k €	+727%	1,8 k €	-93.6%	28,8 k €	+6.8%	26,9 k €	+31.7%	20,5 k €	-11.0%	23 k €	+140%	9,6 k €	-31.0%	13,9 k €	-24.0%	18,3 k €	+102%	9,1 k €	-2.2%	9,3 k €	+594%	-1,9 k €	-3170%	61 €
Balance sheet
Equity	546,1 k €	+10.8%	492,8 k €	+8.6%	453,9 k €	+13.5%	399,8 k €	+9.1%	366,3 k €	+17.7%	311,3 k €	+14.5%	272 k €	+5.9%	256,7 k €	+0.7%	254,9 k €	+12.7%	226,1 k €	+13.5%	199,1 k €	+11.5%	178,7 k €	+14.8%	155,7 k €	+6.5%	146,1 k €	+10.5%	132,3 k €	+16.0%	114 k €	+8.6%	105 k €	+9.7%	95,7 k €	-1.9%	97,6 k €
Total assets	984,5 k €	+4.9%	938,7 k €	+4.7%	896,4 k €	+5.5%	849,3 k €	-1.3%	860,6 k €	+4.5%	823,2 k €	+2.4%	803,8 k €	-2.3%	822,8 k €	+82.3%	451,2 k €	+8.1%	417,3 k €	+6.8%	390,9 k €	+8.2%	361,3 k €	+16.7%	309,5 k €	+1.1%	306 k €	+3.9%	294,5 k €	+3.6%	284,2 k €	+3.5%	274,6 k €	+3.9%	264,3 k €	+0.8%	262,3 k €
Cash	212,5 k €	+4.4%	203,5 k €	+3.2%	197,3 k €	+37.0%	144 k €	-7.3%	155,4 k €	+12.6%	138 k €	+366%	29,6 k €	-20.9%	37,4 k €	-73.3%	140,4 k €	+19.8%	117,2 k €	+35.3%	86,7 k €	+26.7%	68,4 k €	+167%	25,7 k €	-11.7%	29,1 k €	+35.6%	21,4 k €	+133%	9,2 k €	-22.8%	11,9 k €	+32.8%	9 k €	+286%	2,3 k €
Debts	387,4 k €	-1.9%	394,9 k €	+0.9%	391,5 k €	-1.5%	397,3 k €	-10.4%	443,3 k €	-3.8%	460,9 k €	-4.1%	480,8 k €	-5.3%	507,5 k €	+243%	147,8 k €	+0.4%	147,2 k €	-3.3%	152,2 k €	-3.4%	157,6 k €	+22.4%	128,8 k €	-7.9%	139,8 k €	-5.0%	147,2 k €	-6.8%	158,1 k €	-2.2%	161,6 k €	-4.1%	168,6 k €	+2.3%	164,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,2 ETP	+100%	0,1 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 31/12/2024 · 3 active · 7 ended

Active mandates

LEA REYNDERS

Managing director · since 01 janvier 2012

Active

AKE ARNOUTS

Director

Active

BO ARNOUTS

Director

Active

Ended mandates

AKE ARNOUTS

Manager · since 01 janvier 2004

Ended

BO ARNOUTS

Director · since 01 janvier 2004

Ended

LEA REYNDERS

Director

Ended

LEA REYNDERS

Managing director

Ended

At this address

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M.B.V. INVESTMENT● Active	0440.512.137
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TRADING K.D.● Active	0457.192.177

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/10/2025	30/09/2024	01/09/2023	31/08/2022	31/08/2021	31/08/2020
General meeting	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021	19/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	20/06/2025	29/10/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	30/09/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	01/09/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	11/09/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	26/09/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	31/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	31/08/2007	Dutch	PDF

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 31/12/2024 · 3 active · 7 ended

Active mandates

LEA REYNDERS

Managing director · since 01 janvier 2012

Active

AKE ARNOUTS

Director

Active

BO ARNOUTS

Director

Active

Ended mandates

AKE ARNOUTS

Manager · since 01 janvier 2004

Ended

BO ARNOUTS

Director · since 01 janvier 2004

Ended

LEA REYNDERS

Director

Ended

LEA REYNDERS

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/01/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/04/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates22/01/2014
Ontslag bestuurder
PDF
Mandates20/01/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office03/12/2004
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
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

2024
Annual accounts 202453,3 k €↑
2023
Annual accounts 202338,9 k €↓
2022
Annual accounts 202254,2 k €↑
2021
Annual accounts 202133,4 k €↓
2020
Annual accounts 202055 k €↑
2019
Annual accounts 201939,3 k €↑
2018
Annual accounts 201815,2 k €↑
2017
Annual accounts 20171,8 k €↓
2016
Annual accounts 201628,8 k €↑
2015
Annual accounts 201526,9 k €↑
2014
Annual accounts 201420,5 k €↓
2013
Annual accounts 201323 k €↑
2012
Annual accounts 20129,6 k €↓
2011
Annual accounts 201113,9 k €↓
2010
Annual accounts 201018,3 k €↑
2009
Annual accounts 20099,1 k €↓
2008
Annual accounts 20089,3 k €↑
2007
Annual accounts 2007-1,9 k €↓
2006
Annual accounts 200661 €
22/02/1990
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

MAASCH

Overview

What does MAASCH do?

Trend over 19 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