ACTIVE

ESPACES VERTS MASSE ET FILS

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Financial year 2025 · closed on 31/12/2025

Net result

305,5 k €

-25.5% YoY

Gross margin

2,7 M €

+1.9% YoY

Equity

2,3 M €

+10.1% YoY

Workforce

37,7 ETP

+2.2% YoY

What does ESPACES VERTS MASSE ET FILS do?

ESPACES VERTS MASSE ET FILS is a Public limited company incorporated in 1991. Its registered office is in La Louvière. It employs on average 37,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0443.793.014

Incorporation

29/03/1991

Legal form

Public limited company

Registered office

Rue de la Croix du Maïeur(S-B) 10
7110 La Louvière · WallonieSee on map

Contributed capital

293 000,00 €

Latest accounts

31/12/2025

Average workforce

37,7 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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
Gross margin	2,7 M €	+1.9%	2,7 M €	-8.4%	2,9 M €	+17.2%	2,5 M €	+20.8%	2,1 M €	+3.2%	2 M €	-7.3%	2,2 M €	+23.9%	1,7 M €	-0.0%	1,7 M €	+7.1%	1,6 M €	-2.0%	1,7 M €	+1.1%	1,6 M €	+6.3%	1,5 M €	+4.0%	1,5 M €	+2.1%	1,5 M €	+16.6%	1,2 M €	+13.1%	1,1 M €	+11.9%	983,5 k €	+2.5%	959,2 k €	-3.4%	993,1 k €
EBITDA	1 M €	-9.4%	1,1 M €	-16.2%	1,4 M €	+35.3%	1 M €	+48.6%	682,4 k €	-2.1%	696,8 k €	+0.3%	695 k €	+50.4%	462,1 k €	+7.7%	429 k €	+5.6%	406,2 k €	+1.5%	400 k €	+2.8%	389 k €	+13.4%	342,9 k €	-4.3%	358,3 k €	+4.2%	343,7 k €	+15.6%	297,3 k €	+18.7%	250,6 k €	-4.8%	263,1 k €	-0.7%	265 k €	+3.1%	257,1 k €
Operating result	437,6 k €	-29.0%	616,6 k €	-23.2%	802,9 k €	+39.6%	575,3 k €	+111%	273,1 k €	-18.2%	333,9 k €	+1.0%	330,5 k €	+76.5%	187,2 k €	+46.9%	127,5 k €	+3.1%	123,6 k €	+1.9%	121,3 k €	+17.4%	103,3 k €	+13.7%	90,9 k €	-26.8%	124,2 k €	+6.5%	116,6 k €	+24.2%	93,9 k €	+13.8%	82,5 k €	-20.1%	103,2 k €	+5.3%	98 k €	+1.3%	96,7 k €
Net result	305,5 k €	-25.5%	409,8 k €	-23.4%	534,8 k €	+35.1%	395,9 k €	+127%	174,2 k €	-12.4%	198,9 k €	-6.1%	211,7 k €	+246%	61,2 k €	+206%	20 k €	-0.0%	20 k €	+91.8%	10,4 k €	-19.2%	12,9 k €	-6.8%	13,9 k €	-35.5%	21,5 k €	-2.5%	22 k €	+210%	7,1 k €	-13.1%	8,2 k €	+15.9%	7,1 k €	+58.9%	4,4 k €	-2.7%	4,6 k €
Balance sheet
Equity	2,3 M €	+10.1%	2 M €	+19.0%	1,7 M €	+33.2%	1,3 M €	+32.3%	975,2 k €	+14.1%	854,8 k €	+26.8%	674,1 k €	+48.6%	453,5 k €	+9.9%	412,8 k €	+0.4%	411,3 k €	+0.4%	409,7 k €	-0.5%	411,6 k €	+0.2%	411 k €	+0.4%	409,4 k €	+16.2%	352,2 k €	+2.9%	342,4 k €	+1.2%	338,4 k €	+1.5%	333,3 k €	+2.2%	326,3 k €	+1.4%	321,8 k €
Total assets	7,4 M €	+43.7%	5,2 M €	+15.9%	4,5 M €	+3.0%	4,3 M €	+19.5%	3,6 M €	+11.2%	3,3 M €	+0.2%	3,2 M €	+10.5%	2,9 M €	-2.2%	3 M €	+3.1%	2,9 M €	+4.8%	2,8 M €	+1.0%	2,8 M €	+0.3%	2,7 M €	+20.9%	2,3 M €	-13.7%	2,6 M €	+11.8%	2,4 M €	+11.9%	2,1 M €	+7.5%	2 M €	-4.5%	2,1 M €	+4.8%	2 M €
Cash	626,2 k €	+0.9%	620,6 k €	-10.7%	695 k €	+40.4%	494,9 k €	+98.5%	249,2 k €	+17.4%	212,3 k €	-16.2%	253,4 k €	+43.2%	176,9 k €	+658%	23,3 k €	-50.3%	46,9 k €	+9.3%	42,9 k €	-4.0%	44,7 k €	+18.7%	37,7 k €	-27.3%	51,8 k €	-69.4%	169,2 k €	+361%	36,7 k €	+3567%	1 k €	-91.5%	11,8 k €	+514%	1,9 k €	-60.2%	4,8 k €
Debts	5,2 M €	+66.1%	3,1 M €	+14.1%	2,7 M €	-10.0%	3 M €	+14.9%	2,6 M €	+9.8%	2,4 M €	-6.7%	2,6 M €	+3.5%	2,5 M €	-4.1%	2,6 M €	+3.5%	2,5 M €	+5.7%	2,4 M €	+1.0%	2,3 M €	+0.5%	2,3 M €	+25.8%	1,9 M €	-18.6%	2,3 M €	+13.2%	2 M €	+14.1%	1,8 M €	+9.1%	1,6 M €	-5.8%	1,7 M €	+5.5%	1,6 M €
Other
Workforce	37,7 ETP	+2.2%	36,9 ETP	-9.1%	40,6 ETP	-1.0%	41,0 ETP	-0.2%	41,1 ETP	+1.5%	40,5 ETP	+4.1%	38,9 ETP	-6.3%	41,5 ETP	-4.6%	43,5 ETP	-1.1%	44,0 ETP	0.0%	44,0 ETP	+4.8%	42,0 ETP	-8.7%	46,0 ETP	+2.2%	45,0 ETP	+7.1%	42,0 ETP	0.0%	42,0 ETP	+23.5%	34,0 ETP	+9.7%	31,0 ETP	+10.7%	28,0 ETP	-17.6%	34,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

Benoit MASSE

Managing director · since 04 juin 2026 · until 24 juin 2032

Active

Fabien MASSE

Managing director · since 04 juin 2026 · until 24 juin 2032

Active

Olivier MASSE

Managing director · since 04 juin 2026 · until 24 juin 2032

Active

Ended mandates

Benoit MASSE

Managing director · since 16 avril 2021 · until 25 juin 2026

Ended

Benoit MASSE

Managing director · since 16 avril 2021

Ended

Fabien MASSE

Managing director · since 16 avril 2021 · until 25 juin 2026

Ended

Fabien MASSE

Managing director · since 16 avril 2021

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	03/07/2026	11/07/2025	12/07/2024	22/06/2023	29/06/2022	15/07/2021
General meeting	04/06/2026	05/06/2025	18/06/2024	30/05/2023	23/06/2022	24/06/2021
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
Abridged model	31/12/2025	04/06/2026	03/07/2026	French	PDF
Abridged model	31/12/2024	05/06/2025	11/07/2025	French	PDF
Abridged model	31/12/2023	18/06/2024	12/07/2024	French	PDF
Abridged model	31/12/2022	30/05/2023	22/06/2023	French	PDF
Abridged model	31/12/2021	23/06/2022	29/06/2022	French	PDF
Abridged model	31/12/2020	24/06/2021	15/07/2021	French	PDF
Abridged model	31/12/2019	22/05/2020	17/07/2020	French	PDF
Abridged model	31/12/2018	16/05/2019	12/07/2019	French	PDF
Abridged model	31/12/2017	17/05/2018	26/06/2018	French	PDF
Abridged model	31/12/2016	18/05/2017	15/06/2017	French	PDF
Abridged model	31/12/2015	19/05/2016	14/06/2016	French	PDF
Abridged model	31/12/2014	21/05/2015	02/06/2015	French	PDF
Abridged model	31/12/2013	15/05/2014	10/06/2014	French	PDF
Abridged model	31/12/2012	16/05/2013	27/06/2013	French	PDF
Abridged model	31/12/2011	18/05/2012	03/07/2012	French	PDF
Abridged model	31/12/2010	19/05/2011	23/06/2011	French	PDF
Abridged model	31/12/2009	20/05/2010	02/06/2010	French	PDF
Abridged model	31/12/2008	22/05/2009	15/07/2009	French	PDF
Abridged model	31/12/2007	15/05/2008	02/07/2008	French	PDF
Abridged model	31/12/2006	18/05/2007	27/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 3 active · 13 ended

Active mandates

Benoit MASSE

Managing director · since 04 juin 2026 · until 24 juin 2032

Active

Fabien MASSE

Managing director · since 04 juin 2026 · until 24 juin 2032

Active

Olivier MASSE

Managing director · since 04 juin 2026 · until 24 juin 2032

Active

Ended mandates

Benoit MASSE

Managing director · since 16 avril 2021 · until 25 juin 2026

Ended

Benoit MASSE

Managing director · since 16 avril 2021

Ended

Fabien MASSE

Managing director · since 16 avril 2021 · until 25 juin 2026

Ended

Fabien MASSE

Managing director · since 16 avril 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/09/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates04/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates19/02/2021
OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates08/03/2019
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares09/10/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates18/10/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates06/07/2005
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025305,5 k €↓
2024
Annual accounts 2024409,8 k €↓
2023
Annual accounts 2023534,8 k €↑
2022
Annual accounts 2022395,9 k €↑
2021
Annual accounts 2021174,2 k €↓
2021
Name changeESPACES VERTS MASSE & FILS
2020
Annual accounts 2020198,9 k €↓
2019
Annual accounts 2019211,7 k €↑
2018
Annual accounts 201861,2 k €↑
2017
Annual accounts 201720 k €↓
2016
Annual accounts 201620 k €↑
2015
Annual accounts 201510,4 k €↓
2014
Annual accounts 201412,9 k €↓
2013
Annual accounts 201313,9 k €↓
2012
Annual accounts 201221,5 k €↓
2011
Annual accounts 201122 k €↑
2010
Annual accounts 20107,1 k €↓
2009
Annual accounts 20098,2 k €↑
2008
Annual accounts 20087,1 k €↑
2007
Annual accounts 20074,4 k €↓
2006
Annual accounts 20064,6 k €
2006
Name changeESPACES VERTS MASSE ET FILS
29/03/1991
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

ESPACES VERTS MASSE ET FILS

Overview

What does ESPACES VERTS MASSE ET FILS do?

Trend over 20 financial years

Indicative valuation

Board of directors

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