ACTIVE

MAISA

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Financial year 2025 · closed on 30/09/2025

Net result

3 k €

+1260.1% YoY

Gross margin

-3,7 k €

+27.1% YoY

Equity

508,9 k €

+0.6% YoY

What does MAISA do?

MAISA is a Public limited company incorporated in 1996. Its registered office is in Waasmunster.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.934.219

Incorporation

03/10/1996

Legal form

Public limited company

Registered office

Belselestraat 83
9250 Waasmunster · FlandreSee on map

Contributed capital

61 973,38 €

Latest accounts

30/09/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	-3,7 k €	+27.1%	-5,1 k €	-63.8%	-3,1 k €	-12158%	25,9 €	-99.8%	13,3 k €	-98.9%	1,2 M €	+2440%	-50 k €	-137%	-21,1 k €	-170%	-7,8 k €	+82.1%	-43,7 k €	-482%	11,4 k €	+137%	-31,1 k €	-72.0%	-18,1 k €	-104%	484,3 k €	+354%	106,6 k €	+1547%	-7,4 k €	-657%	1,3 k €	+109%	-14,8 k €
EBITDA	-4,4 k €	+13.3%	-5,1 k €	-43.9%	-3,6 k €	-69.1%	-2,1 k €	-118%	11,4 k €	-99.0%	1,1 M €	+2194%	-54,6 k €	-119%	-25 k €	-106%	-12,1 k €	+81.1%	-64,4 k €	-948%	7,6 k €	+121%	-36,1 k €	-71.3%	-21,1 k €	-104%	473 k €	+1588%	28 k €	+377%	-10,1 k €	-510%	-1,7 k €	+93.4%	-25,3 k €
Operating result	-4,4 k €	+13.3%	-5,1 k €	-43.9%	-3,6 k €	-69.1%	-2,1 k €	-118%	11,4 k €	-99.0%	1,1 M €	+1440%	-85,3 k €	-53.2%	-55,6 k €	-30.0%	-42,8 k €	+61.1%	-110,1 k €	-189%	-38,1 k €	+52.5%	-80,2 k €	-30.3%	-61,6 k €	-114%	432,5 k €	+600%	61,8 k €	+300%	-30,9 k €	-11.7%	-27,7 k €	+39.9%	-46,1 k €
Net result	3 k €	+1260%	219,8 €	-99.0%	22,3 k €	+9.5%	20,4 k €	-45.6%	37,4 k €	-95.8%	900,1 k €	+863%	-118 k €	-47.7%	-79,9 k €	-52.8%	-52,3 k €	+60.9%	-133,7 k €	-133%	-57,3 k €	+38.4%	-93,1 k €	-44.0%	-64,7 k €	-117%	381,4 k €	+1514%	23,6 k €	+155%	-42,7 k €	-32.6%	-32,2 k €	+34.5%	-49,1 k €
Balance sheet
Equity	508,9 k €	+0.6%	505,9 k €	+0.0%	505,6 k €	+4.6%	483,4 k €	+4.4%	463 k €	+8.8%	425,5 k €	+192%	145,9 k €	-44.7%	263,9 k €	-23.2%	343,8 k €	-13.2%	396,1 k €	-25.2%	529,8 k €	-9.8%	587,1 k €	-13.7%	680,3 k €	-8.7%	744,9 k €	+105%	363,6 k €	+7.0%	339,9 k €	+173%	-467,4 k €	-7.4%	-435,2 k €
Total assets	524,4 k €	-10.3%	584,6 k €	+0.2%	583,6 k €	+4.1%	560,7 k €	+17.2%	478,6 k €	-29.6%	679,4 k €	-42.1%	1,2 M €	+48.3%	791,7 k €	-32.3%	1,2 M €	-56.7%	2,7 M €	+198%	906,5 k €	-2.6%	930,3 k €	-34.5%	1,4 M €	-3.2%	1,5 M €	+23.0%	1,2 M €	+16.9%	1 M €	+440%	189,1 k €	-12.8%	216,8 k €
Cash	191 k €	-27.3%	262,6 k €	+87903%	298,4 €	-29.4%	422,4 €	-78.3%	1,9 k €	-99.2%	234,9 k €	+128%	103,2 k €	+645%	13,9 k €	+214%	4,4 k €	-82.4%	25,1 k €	+413951%	6,1 €	-76.3%	25,5 €	-92.7%	347,3 €	-52.8%	735,3 €	-96.1%	19,1 k €	+280%	5 k €	+260%	1,4 k €	-59.4%	3,4 k €
Debts	15,5 k €	-80.3%	78,7 k €	+1.0%	78 k €	+0.8%	77,4 k €	+396%	15,6 k €	-93.9%	253,9 k €	-75.2%	1 M €	+94.0%	527,8 k €	-36.1%	825,4 k €	-64.1%	2,3 M €	+511%	376,7 k €	+9.8%	343,2 k €	-53.6%	740,3 k €	+2.5%	722 k €	-12.9%	829,4 k €	+21.9%	680,7 k €	+3.7%	656,5 k €	+0.7%	652 k €

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 30/09/2025 · 1 active · 14 ended

Active mandates

Robberechts Martine

Managing director

Active

Ended mandates

Blijweert Koen

Managing director · since 07 mai 2020 · until 07 mai 2026

Ended

Robberechts Martine

Managing director · since 07 mai 2020 · until 07 mai 2026

Ended

Blijweert Koenraad

Managing director · since 07 mai 2014 · until 07 mai 2020

Ended

Koen Blijweert

Managing director · since 07 mai 2014 · until 07 mai 2020

Ended

At this address

Other companies at this address

Company	CBE no.
BASTIUM● Active	0463.523.210
I● Active	0457.564.737
VICI● Active	0445.074.503

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/01/2026	18/02/2025	27/11/2023	18/04/2023	22/04/2022	02/02/2021
General meeting	19/01/2026	15/02/2025	15/10/2023	31/03/2023	29/03/2022	30/12/2020
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

28 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	19/01/2026	19/01/2026	Dutch	PDF
Micro model	30/09/2024	15/02/2025	18/02/2025	Dutch	PDF
Micro model	30/09/2023	15/10/2023	27/11/2023	Dutch	PDF
Micro model	30/09/2022	31/03/2023	18/04/2023	Dutch	PDF
Micro model	30/09/2021	29/03/2022	22/04/2022	Dutch	PDF
Micro model	30/09/2020	30/12/2020	02/02/2021	Dutch	PDF
Abridged model	30/09/2019	12/12/2019	13/12/2019	Dutch	PDF
Abridged model	30/09/2018	22/02/2019	25/02/2019	Dutch	PDF
Abridged model	30/09/2017	25/01/2018	26/01/2018	Dutch	PDF
Abridged model	30/09/2016	30/12/2016	18/01/2017	Dutch	PDF
Abridged model	30/09/2015	26/02/2016	27/09/2016	Dutch	PDF
Abridged model	30/09/2014	22/12/2014	21/01/2015	Dutch	PDF
Abridged model	30/09/2013	29/11/2013	02/12/2013	Dutch	PDF
Abridged model	30/09/2012	22/02/2013	20/03/2013	Dutch	PDF
Abridged model	30/09/2011	24/02/2012	29/02/2012	Dutch	PDF
Abridged model	30/09/2010	25/02/2011	03/03/2011	Dutch	PDF
Abridged model	30/09/2009	26/02/2010	18/03/2010	Dutch	PDF
Abridged model	30/09/2008	21/02/2009	25/02/2009	Dutch	PDF
Abridged model	30/09/2007	16/02/2008	25/03/2008	Dutch	PDF
Abridged model	30/09/2006	17/02/2007	22/03/2007	Dutch	PDF
Abridged model	30/09/2005	18/02/2006	23/03/2006	Dutch	PDF
Abridged model	30/09/2004	19/02/2005	04/03/2005	Dutch	PDF
Abridged model	30/09/2003	20/02/2004	26/03/2004	Dutch	PDF
Abridged model	30/09/2002	21/02/2003	20/06/2003	Dutch	PDF

View all 28 filings

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 30/09/2025 · 1 active · 14 ended

Active mandates

Robberechts Martine

Managing director

Active

Ended mandates

Blijweert Koen

Managing director · since 07 mai 2020 · until 07 mai 2026

Ended

Robberechts Martine

Managing director · since 07 mai 2020 · until 07 mai 2026

Ended

Blijweert Koenraad

Managing director · since 07 mai 2014 · until 07 mai 2020

Ended

Koen Blijweert

Managing director · since 07 mai 2014 · until 07 mai 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring15/05/2026
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/03/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring07/04/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates22/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/12/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/05/2003
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

2025
Annual accounts 20253 k €↑
2024
Annual accounts 2024219,8 €↓
2023
Annual accounts 202322,3 k €↑
2022
Annual accounts 202220,4 k €↓
2021
Annual accounts 202137,4 k €↓
2020
Annual accounts 2020900,1 k €↑
2019
Annual accounts 2019-118 k €↓
2018
Annual accounts 2018-79,9 k €↓
2017
Annual accounts 2017-52,3 k €↑
2016
Annual accounts 2016-133,7 k €↓
2015
Annual accounts 2015-57,3 k €↑
2014
Annual accounts 2014-93,1 k €↓
2013
Annual accounts 2013-64,7 k €↓
2012
Annual accounts 2012381,4 k €↑
2011
Annual accounts 201123,6 k €↑
2010
Annual accounts 2010-42,7 k €↓
2009
Annual accounts 2009-32,2 k €↑
2008
Annual accounts 2008-49,1 k €
03/10/1996
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

MAISA

Overview

What does MAISA do?

Trend over 18 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