MAS.A
0451.454.727 · rovalta.com · 22/09/2026
NORMAL SITUATION
MAS.A
Financial year 2025 · closed on 31/12/2025
Net result
426,9 k €
+2955.4% YoY
Gross margin
614,7 k €
+20688.8% YoY
Equity
429 k €
+21004.8% YoY
Company — Normal situation.
Strike-off: 16 juillet 2026
Overview
What does MAS.A do?
MAS.A is a Private limited company incorporated in 1993.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0451.454.727
Incorporation
23/12/1993
Legal form
Private limited company
Contributed capital
18 550,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
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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 | 614,7 k € | +20689% | 3 k € | -79.0% | 14,1 k € | -73.1% | 52,4 k € | -8.8% | 57,5 k € | +0.9% | 57 k € | +4.2% | 54,7 k € | +19.2% | 45,9 k € | +3.3% | 44,4 k € | -85.8% | 313 k € | +13.4% | 276 k € | +45.1% | 190,2 k € | +18.2% | 161 k € | -10.6% | 180 k € | +113% | 84,5 k € | -60.1% | 211,8 k € | +42.6% | 148,5 k € | -7.1% | 159,9 k € | -21.1% | 202,6 k € | +50.9% | 134,2 k € |
| EBITDA | 613,4 k € | +7076% | -8,8 k € | -174% | 11,8 k € | -76.5% | 50,5 k € | -9.3% | 55,6 k € | +40.4% | 39,6 k € | -24.2% | 52,3 k € | +18.1% | 44,3 k € | +3.5% | 42,8 k € | -82.8% | 249 k € | +20.6% | 206,4 k € | +81.2% | 113,9 k € | +66.9% | 68,2 k € | -21.3% | 86,7 k € | +200% | 28,9 k € | -81.3% | 154,7 k € | +53.7% | 100,6 k € | -16.2% | 120,2 k € | -13.0% | 138,1 k € | +21.8% | 113,4 k € |
| Operating result | 613,4 k € | +4249% | -14,8 k € | +30.7% | -21,3 k € | -334% | 9,1 k € | -36.9% | 14,4 k € | +744% | 1,7 k € | -75.2% | 6,9 k € | +23.0% | 5,6 k € | -58.5% | 13,5 k € | -93.8% | 218 k € | +29.2% | 168,7 k € | +138% | 70,9 k € | +97.3% | 35,9 k € | -43.5% | 63,6 k € | +774% | -9,4 k € | -109% | 107,1 k € | +100% | 53,5 k € | -22.2% | 68,8 k € | -18.1% | 83,9 k € | +26.3% | 66,5 k € |
| Net result | 426,9 k € | +2955% | -15 k € | +37.2% | -23,8 k € | -667% | 4,2 k € | -48.0% | 8,1 k € | +499% | -2 k € | -224% | 1,6 k € | +203% | 541,2 € | -91.4% | 6,3 k € | -95.0% | 125,1 k € | +36.1% | 91,9 k € | +143% | 37,9 k € | +15.8% | 32,7 k € | -23.3% | 42,6 k € | +378% | -15,4 k € | -124% | 62,7 k € | +67.4% | 37,5 k € | +6.9% | 35,1 k € | -29.6% | 49,8 k € | +15.9% | 43 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 429 k € | +21005% | 2 k € | -88.0% | 17 k € | -58.4% | 40,8 k € | -73.0% | 151 k € | -51.9% | 313,8 k € | -0.6% | 315,9 k € | +0.5% | 314,2 k € | -47.6% | 600,1 k € | -3.7% | 623,1 k € | +25.1% | 498 k € | +22.6% | 406,1 k € | +10.3% | 368,3 k € | -7.7% | 399 k € | +12.0% | 356,4 k € | -4.1% | 371,8 k € | +20.3% | 309 k € | +13.8% | 271,5 k € | -5.2% | 286,5 k € | -0.1% | 286,6 k € |
| Total assets | 439 k € | +142% | 181,6 k € | -35.7% | 282,7 k € | +33.1% | 212,3 k € | -14.7% | 248,8 k € | -42.5% | 432,4 k € | -16.3% | 516,8 k € | -8.0% | 561,9 k € | -18.1% | 686,2 k € | -21.7% | 876,7 k € | +30.3% | 672,9 k € | +10.4% | 609,7 k € | +14.5% | 532,3 k € | +7.2% | 496,8 k € | -0.5% | 499,4 k € | -5.1% | 526,2 k € | +11.0% | 474,3 k € | -8.6% | 519 k € | -8.4% | 566,4 k € | +6.9% | 529,7 k € |
| Cash | 423,8 k € | +766% | 49 k € | +329% | 11,4 k € | -75.3% | 46,2 k € | +0.7% | 45,9 k € | -73.9% | 175,6 k € | +108% | 84,4 k € | +54.8% | 54,5 k € | -71.1% | 188,9 k € | -23.5% | 246,9 k € | -44.3% | 443,2 k € | +69.7% | 261,2 k € | +58.9% | 164,3 k € | -29.0% | 231,4 k € | +16.6% | 198,4 k € | +18.7% | 167,1 k € | +922% | 16,4 k € | -64.3% | 45,8 k € | -70.7% | 156,4 k € | +31.5% | 119 k € |
| Debts | 10 k € | -94.4% | 179,6 k € | -32.4% | 265,7 k € | +54.9% | 171,6 k € | +75.4% | 97,8 k € | -17.5% | 118,6 k € | -41.0% | 201 k € | -18.9% | 247,7 k € | +187% | 86,2 k € | -66.0% | 253,6 k € | +45.0% | 174,9 k € | -13.3% | 201,8 k € | +24.3% | 162,3 k € | +69.0% | 96,1 k € | -31.3% | 139,8 k € | -7.2% | 150,7 k € | -7.9% | 163,7 k € | -33.4% | 245,8 k € | -11.6% | 278,1 k € | +15.2% | 241,4 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | 2,0 ETP | -13.0% | 2,3 ETP | 0.0% | 2,3 ETP | -20.7% | 2,9 ETP | -3.3% | 3,0 ETP | +36.4% | 2,2 ETP | +22.2% | 1,8 ETP | +12.5% | 1,6 ETP | 0.0% | 1,6 ETP | -57.9% | 3,8 ETP | +375% | 0,8 ETP | |||||||||
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 4 ended
Active mandates
Carlo Mas
ActiveRik Mas
ActiveEnded mandates
Carlo MAS
EndedRik Mas
EndedCarlo Mas
EndedRik Mas
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 | 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 | 30/06/2026 | 10/07/2025 | 04/07/2024 | 11/05/2023 | 12/05/2022 | 12/05/2021 |
| General meeting | 27/06/2026 | 28/06/2025 | 29/06/2024 | 06/05/2023 | 07/05/2022 | 03/05/2021 |
| 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
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 |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 27/06/2026 | 30/06/2026 | Dutch | |
| Micro model | 31/12/2024 | 28/06/2025 | 10/07/2025 | Dutch | |
| Micro model | 31/12/2023 | 29/06/2024 | 04/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 06/05/2023 | 11/05/2023 | Dutch | |
| Micro model | 31/12/2021 | 07/05/2022 | 12/05/2022 | Dutch | |
| Micro model | 31/12/2020 | 03/05/2021 | 12/05/2021 | Dutch | |
| Micro model | 31/12/2019 | 08/06/2020 | 11/06/2020 | Dutch | |
| Micro model | 31/12/2018 | 17/06/2019 | 27/06/2019 | Dutch | |
| Abridged model | 31/12/2017 | 25/06/2018 | 05/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 06/05/2017 | 01/06/2017 | Dutch | |
| Abridged model | 31/12/2015 | 30/06/2016 | 14/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 12/06/2015 | 25/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 03/05/2014 | 10/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 29/06/2013 | 25/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 05/05/2012 | 10/05/2012 | Dutch | |
| Abridged model | 31/12/2010 | 07/05/2011 | 01/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 30/06/2010 | 19/08/2010 | Dutch | |
| Abridged modelCorrection | 31/12/2008 | 02/05/2009 | 29/05/2009 | Dutch | |
| Abridged model | 31/12/2008 | 02/05/2009 | 11/05/2009 | Dutch | |
| Abridged model | 31/12/2007 | 03/05/2008 | 02/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 05/05/2007 | 08/05/2007 | Dutch |
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 31/12/2025 · 2 active · 4 ended
Active mandates
Carlo Mas
ActiveRik Mas
ActiveEnded mandates
Carlo MAS
EndedRik Mas
EndedCarlo Mas
EndedRik Mas
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Dissolution24/07/2026RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
- Registered office09/09/2025MAATSCHAPPELIJKE ZETEL
- Mandates03/01/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
- Capital / shares21/03/2018KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Restructuring24/08/2017BENAMING - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring21/06/2017RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Capital / shares09/01/2014KAPITAAL - AANDELEN
- Other04/06/2009STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025426,9 k €↑
- 2024Annual accounts 2024-15 k €↑
- 2023Annual accounts 2023-23,8 k €↓
- 2022Annual accounts 20224,2 k €↓
- 2021Annual accounts 20218,1 k €↑
- 2020Annual accounts 2020-2 k €↓
- 2019Annual accounts 20191,6 k €↑
- 2018Annual accounts 2018541,2 €↓
- 2017Annual accounts 20176,3 k €↓
- 2017Name changeMAS.A
- 2016Annual accounts 2016125,1 k €↑
- 2015Annual accounts 201591,9 k €↑
- 2014Annual accounts 201437,9 k €↑
- 2013Annual accounts 201332,7 k €↓
- 2012Annual accounts 201242,6 k €↑
- 2011Annual accounts 2011-15,4 k €↓
- 2010Annual accounts 201062,7 k €↑
- 2009Annual accounts 200937,5 k €↑
- 2008Annual accounts 200835,1 k €↓
- 2007Annual accounts 200749,8 k €↑
- 2006Annual accounts 200643 k €
- 2006Name changeArchitektenburo MAS
- 23/12/1993IncorporationPrivate limited company