MASIFOR
0449.361.408 · rovalta.com · 24/09/2026
ACTIVE
MASIFOR
Financial year 2025 · closed on 31/12/2025
Net result
102,8 k €
+27.6% YoY
Gross margin
250 k €
+4.3% YoY
Equity
450,4 k €
+20.9% YoY
Overview
What does MASIFOR do?
MASIFOR is a Public limited company incorporated in 1993. Its registered office is in Anderlecht.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0449.361.408
Incorporation
11/02/1993
Legal form
Public limited company
Registered office
Rue Lambert Crickx 9
1070 Anderlecht · BruxellesSee on map
1070 Anderlecht · BruxellesSee on map
Contributed capital
99 157,41 €
Latest accounts
31/12/2025
Signals
ProfitablePositive cashflowPositive EBITDA
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 250 k € | +4.3% | 239,6 k € | +6.9% | 224,1 k € | +6.5% | 210,5 k € | -2.6% | 216,2 k € | +10.2% | 196,2 k € | +16.7% | 168,1 k € | -11.2% | 189,2 k € | +13.4% | 166,9 k € | +296% | 42,1 k € | +12.8% | 37,3 k € | -60.7% | 95,1 k € | +2.5% | 92,8 k € | +180% | 33,2 k € | +1760% | -2 k € | -20.8% | -1,7 k € | +60.0% | -4,1 k € | -28.5% | -3,2 k € | -48.1% | -2,2 k € |
| EBITDA | 233,1 k € | +4.4% | 223,2 k € | +7.1% | 208,4 k € | +6.2% | 196,3 k € | -3.0% | 202,3 k € | +10.8% | 182,6 k € | +18.0% | 154,7 k € | -11.8% | 175,4 k € | +13.6% | 154,4 k € | +365% | 33,2 k € | +11.0% | 29,9 k € | -66.5% | 89,3 k € | +2.4% | 87,2 k € | +214% | 27,8 k € | +544% | -6,3 k € | -6.5% | -5,9 k € | +30.9% | -8,5 k € | -20.4% | -7,1 k € | +76.9% | -30,6 k € |
| Operating result | 148,6 k € | +6.8% | 139,1 k € | +11.8% | 124,4 k € | +25.6% | 99,1 k € | -0.4% | 99,4 k € | +990% | 9,1 k € | +148% | -18,8 k € | -225% | 15,1 k € | +4216% | 348,7 € | +100% | -118,8 k € | -94.5% | -61 k € | -226% | 48,5 k € | +4.5% | 46,4 k € | +551% | 7,1 k € | +157% | -12,5 k € | -3.1% | -12,2 k € | +18.9% | -15 k € | -3.6% | -14,5 k € | +61.9% | -38 k € |
| Net result | 102,8 k € | +27.6% | 80,6 k € | +31.7% | 61,2 k € | +27.3% | 48 k € | -4.2% | 50,1 k € | +210% | -45,6 k € | +41.9% | -78,5 k € | -61.5% | -48,6 k € | +27.3% | -66,9 k € | +61.1% | -171,7 k € | -148% | 360,4 k € | +937% | 34,8 k € | +20.6% | 28,8 k € | +504% | -7,1 k € | +44.8% | -12,9 k € | -0.4% | -12,9 k € | +51.0% | -26,3 k € | -33.3% | -19,7 k € | +55.2% | -43,9 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 450,4 k € | +20.9% | 372,6 k € | +27.6% | 292 k € | +26.5% | 230,9 k € | +26.3% | 182,8 k € | +234% | 54,7 k € | -45.5% | 100,3 k € | -34.2% | 152,3 k € | -24.2% | 201 k € | -25.0% | 267,8 k € | -39.1% | 439,6 k € | +455% | 79,2 k € | +78.3% | 44,4 k € | +185% | 15,6 k € | -31.4% | 22,7 k € | -36.3% | 35,6 k € | -26.5% | 48,5 k € | -35.1% | 74,8 k € | -20.9% | 94,4 k € |
| Total assets | 2,4 M € | -3.1% | 2,5 M € | -5.7% | 2,7 M € | -4.1% | 2,8 M € | -4.0% | 2,9 M € | -3.4% | 3 M € | -5.2% | 3,2 M € | -3.8% | 3,3 M € | -3.5% | 3,4 M € | -4.9% | 3,6 M € | +124% | 1,6 M € | +21.5% | 1,3 M € | -2.9% | 1,4 M € | +2.6% | 1,3 M € | +2.3% | 1,3 M € | +31.5% | 979,9 k € | +149% | 393,2 k € | +99.9% | 196,7 k € | +8.8% | 180,7 k € |
| Cash | 52,8 k € | +0.6% | 52,5 k € | +65.3% | 31,8 k € | -54.4% | 69,6 k € | -26.9% | 95,3 k € | +1134% | 7,7 k € | – | 16,1 k € | +168% | 6 k € | -90.4% | 62,7 k € | -90.5% | 658,4 k € | +997% | 60 k € | -19.0% | 74,1 k € | – | 404,8 € | -99.3% | 60,1 k € | – | – | 307,4 € | |||||||
| Debts | 1,9 M € | -7.4% | 2 M € | -10.1% | 2,2 M € | -7.1% | 2,4 M € | -6.2% | 2,6 M € | -7.1% | 2,8 M € | -3.9% | 2,9 M € | -1.3% | 2,9 M € | -2.2% | 3 M € | -3.2% | 3,1 M € | +231% | 931,9 k € | -24.5% | 1,2 M € | -5.7% | 1,3 M € | +1.1% | 1,3 M € | +2.3% | 1,3 M € | +34.0% | 944,3 k € | +174% | 344,7 k € | +183% | 121,9 k € | +41.3% | 86,3 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 21 ended
Active mandates
Active
Steve Bromberg
ActiveEnded mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
GALAXIE● Active | 0420.825.491 |
Glad Diffusion● Active | 0408.218.956 |
GOOD MORNING● Active | 0425.859.395 |
GRENADINE● Active | 0418.072.770 |
Immobilière du Triangle● Active | 0415.537.805 |
IMMOBILIERE FRANCO - BELGE● Active | 0429.883.511 |
IMMOBILIERE GINAL● Active | 0447.367.364 |
LIVAÏ● Active | 1014.869.923 |
UNION JACK● Active | 0428.955.477 |
Financials
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 | 18/06/2026 | 15/07/2025 | 24/06/2024 | 29/06/2023 | 23/06/2022 | 16/07/2021 |
| General meeting | 16/06/2026 | 17/06/2025 | 18/06/2024 | 29/06/2023 | 17/06/2022 | 18/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 16/06/2026 | 18/06/2026 | French | |
| Abridged model | 31/12/2024 | 17/06/2025 | 15/07/2025 | French | |
| Abridged model | 31/12/2023 | 18/06/2024 | 24/06/2024 | French | |
| Abridged model | 31/12/2022 | 29/06/2023 | 29/06/2023 | French | |
| Abridged model | 31/12/2021 | 17/06/2022 | 23/06/2022 | French | |
| Abridged model | 31/12/2020 | 18/06/2021 | 16/07/2021 | French | |
| Abridged model | 31/12/2019 | 23/07/2020 | 28/08/2020 | French | |
| Abridged model | 31/12/2018 | 15/06/2019 | 19/07/2019 | French | |
| Abridged modelCorrection | 31/12/2017 | 15/06/2018 | 12/09/2018 | French | |
| Abridged model | 31/12/2017 | 15/06/2018 | 11/07/2018 | French | |
| Abridged model | 31/12/2016 | 30/06/2017 | 26/07/2017 | French | |
| Abridged model | 31/12/2015 | 15/06/2016 | 24/06/2016 | French | |
| Abridged model | 31/12/2014 | 15/06/2015 | 29/07/2015 | French | |
| Abridged model | 31/12/2013 | 16/06/2014 | 09/07/2014 | French | |
| Abridged model | 31/12/2012 | 30/06/2013 | 26/07/2013 | French | |
| Abridged model | 31/12/2011 | 15/06/2012 | 25/07/2012 | French | |
| Abridged model | 31/12/2010 | 30/06/2011 | 29/07/2011 | French | |
| Abridged model | 31/12/2009 | 28/06/2010 | 22/07/2010 | French | |
| Abridged model | 31/12/2008 | 01/07/2009 | 31/07/2009 | French | |
| Abridged model | 31/12/2007 | 13/08/2008 | 27/08/2008 | French | |
| Abridged model | 31/12/2006 | 15/06/2007 | 19/07/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 k€
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 31/12/2025 · 2 active · 21 ended
Active mandates
Active
Steve Bromberg
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
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 2025102,8 k €↑
- 2024Annual accounts 202480,6 k €↑
- 2023Annual accounts 202361,2 k €↑
- 2022Annual accounts 202248 k €↓
- 2021Annual accounts 202150,1 k €↑
- 2019Annual accounts 2019-45,6 k €↑
- 2018Annual accounts 2018-78,5 k €↓
- 2017Annual accounts 2017-48,6 k €↑
- 2016Annual accounts 2016-66,9 k €↑
- 2015Annual accounts 2015-171,7 k €↓
- 2014Annual accounts 2014360,4 k €↑
- 2013Annual accounts 201334,8 k €↑
- 2012Annual accounts 201228,8 k €↑
- 2011Annual accounts 2011-7,1 k €↑
- 2010Annual accounts 2010-12,9 k €↓
- 2009Annual accounts 2009-12,9 k €↑
- 2008Annual accounts 2008-26,3 k €↓
- 2007Annual accounts 2007-19,7 k €↑
- 2006Annual accounts 2006-43,9 k €
- 11/02/1993IncorporationPublic limited company