OPENING OF BANKRUPTCY

MASCO HEATING

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Financial year 2023 · closed on 31/12/2023

Net result

763,8 €

-88.7% YoY

Gross margin

66,1 k €

+39.4% YoY

Equity

32,8 k €

+2.4% YoY

Company — Opening of bankruptcy.

What does MASCO HEATING do?

MASCO HEATING is a Private limited company incorporated in 1999. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Hasselt.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0465.446.481

Incorporation

15/02/1999

Legal form

Private limited company

Registered office

Sint-Truidersteenweg 477
3500 Hasselt · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2023

Activities (NACE)

43221Plumbing, heat and air-conditioning installation· main 43221Plumbing, heat and air-conditioning installation 47120Retail sale in non-specialised stores 47527Retail sale of hardware, paints and glass in specialised stores 47527Retail sale of hardware, paints and glass in specialised stores 47910Retail sale via mail order houses or via Internet

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	66,1 k €	+39.4%	47,4 k €	+21.6%	39 k €	+628%	5,4 k €	-60.7%	13,7 k €	+1008%	1,2 k €	+81.1%	680,2 €	+193%	-728,9 €	-44.5%	-504,5 €	-221%	415,4 €	+118%	-2,3 k €	+55.3%	-5 k €	+57.4%	-11,9 k €	-350%	4,7 k €	+8.5%	4,4 k €	+303%	-2,2 k €	-389%	-441 €	+94.5%	-8 k €
EBITDA	5,6 k €	-66.2%	16,7 k €	-21.7%	21,3 k €	+391%	4,3 k €	-64.3%	12,1 k €	+1105%	1 k €	+122%	452,8 €	+132%	-1,4 k €	-138%	-597,5 €	-285%	323,4 €	+114%	-2,3 k €	+56.9%	-5,5 k €	+56.0%	-12,4 k €	-446%	3,6 k €	+7.8%	3,3 k €	+254%	-2,2 k €	-389%	-441 €	+94.5%	-8 k €
Operating result	797,8 €	-93.6%	12,4 k €	-29.8%	17,6 k €	+1141%	1,4 k €	-85.4%	9,7 k €	+2045%	454 €	+0.3%	452,8 €	+132%	-1,4 k €	-138%	-597,5 €	-285%	323,4 €	+103%	-12,3 k €	-97.4%	-6,2 k €	+52.6%	-13,2 k €	-572%	2,8 k €	+406%	551,2 €	+125%	-2,2 k €	-377%	-455 €	+94.3%	-8 k €
Net result	763,8 €	-88.7%	6,7 k €	-55.0%	15 k €	+647%	2 k €	-73.6%	7,6 k €	+1915%	377,4 €	-5.1%	397,8 €	+127%	-1,5 k €	-151%	-597,5 €	-301%	297,3 €	+102%	-12,3 k €	-92.7%	-6,4 k €	+51.7%	-13,2 k €	+45.7%	-24,4 k €	-2.9%	-23,7 k €	-1839%	1,4 k €	-97.9%	64,1 k €	+2094%	-3,2 k €
Balance sheet
Equity	32,8 k €	+2.4%	32 k €	+26.7%	25,3 k €	+146%	10,2 k €	+24.4%	8,2 k €	+1197%	635,3 €	+146%	258 €	+285%	-139,8 €	-110%	1,4 k €	-30.5%	2 k €	+17.9%	1,7 k €	-88.1%	14 k €	-31.4%	20,3 k €	-39.4%	33,6 k €	-42.1%	57,9 k €	-29.0%	81,6 k €	+1.7%	80,2 k €	+398%	16,1 k €
Total assets	107,1 k €	-2.9%	110,2 k €	+101%	54,9 k €	-24.9%	73,1 k €	+303%	18,2 k €	+76.5%	10,3 k €	+69.2%	6,1 k €	+19999%	30,2 €	-99.7%	11,2 k €	-5.1%	11,8 k €	+119%	5,4 k €	-78.7%	25,3 k €	+0.3%	25,2 k €	-28.3%	35,1 k €	-73.6%	133,3 k €	-3.2%	137,7 k €	+67.9%	82 k €	-19.4%	101,8 k €
Cash	4 k €	+1248%	297,2 €	-92.4%	3,9 k €	+532%	621,2 €	+21.3%	512 €	-80.6%	2,6 k €	-56.5%	6,1 k €	+19999%	30,2 €	-99.7%	10,9 k €	+10.8%	9,8 k €	+8824%	110,3 €	-66.9%	333,7 €	+178%	120,2 €	-97.9%	5,8 k €	+11037%	52,4 €	-93.2%	775 €	-98.5%	52,8 k €	+4261%	1,2 k €
Debts	68,7 k €	+11.4%	61,6 k €	+141%	25,6 k €	-51.8%	53,2 k €	+557%	8,1 k €	-4.4%	8,5 k €	+45.5%	5,8 k €	+3323%	170 €	-98.3%	9,8 k €	0.0%	9,8 k €	+165%	3,7 k €	-67.1%	11,3 k €	+133%	4,8 k €	+211%	1,6 k €	-93.3%	23,2 k €	-58.7%	56,1 k €	+3120%	1,7 k €	-98.0%	85,7 k €

Governance

Board of directors

Seen on filing of 31/12/2023 · 2 active · 7 ended

Active mandates

Michael Salemi

Manager

Active

Wendy De Groot

Manager

Active

Ended mandates

Dirk Rombout

Manager · since 28 mars 2014

Ended

André Van Roy

Manager · until 28 mars 2014

Ended

André Van Roy

Manager

Ended

Marzena Grenczyn

Manager

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/06/2024	23/06/2023	28/06/2022	30/06/2021	29/06/2020	26/06/2019
General meeting	21/06/2024	16/06/2023	17/06/2022	18/06/2021	19/06/2020	21/06/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2023	21/06/2024	27/06/2024	Dutch	PDF
Micro model	31/12/2022	16/06/2023	23/06/2023	Dutch	PDF
Micro model	31/12/2021	17/06/2022	28/06/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	19/06/2020	29/06/2020	Dutch	PDF
Micro model	31/12/2018	21/06/2019	26/06/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	19/07/2018	Dutch	PDF
Micro model	31/12/2016	16/06/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	23/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	28/07/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	07/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	09/09/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	22/06/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	17/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	16/09/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	19/08/2009	Dutch	PDF
Abridged model	31/12/2007	28/06/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	30/07/2007	Dutch	PDF

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.

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 31/12/2023 · 2 active · 7 ended

Active mandates

Michael Salemi

Manager

Active

Wendy De Groot

Manager

Active

Ended mandates

Dirk Rombout

Manager · since 28 mars 2014

Ended

André Van Roy

Manager · until 28 mars 2014

Ended

André Van Roy

Manager

Ended

Marzena Grenczyn

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/01/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office13/02/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/07/2018
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office12/01/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/07/2015
BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other02/05/2014
BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/04/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/08/2007
ONTSLAGEN - BENOEMINGEN
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

2023
Annual accounts 2023763,8 €↓
2022
Annual accounts 20226,7 k €↓
2021
Annual accounts 202115 k €↑
2020
Annual accounts 20202 k €↓
2019
Annual accounts 20197,6 k €↑
2018
Annual accounts 2018377,4 €↓
2017
Annual accounts 2017397,8 €↑
2017
Name changeMasco Heating
2016
Annual accounts 2016-1,5 k €↓
2015
Annual accounts 2015-597,5 €↓
2014
Annual accounts 2014297,3 €↑
2014
Name changeTRIANGLE INVESTMENTS
2013
Annual accounts 2013-12,3 k €↓
2013
Name changeECOREDS
2012
Annual accounts 2012-6,4 k €↑
2011
Annual accounts 2011-13,2 k €↑
2010
Annual accounts 2010-24,4 k €↓
2009
Annual accounts 2009-23,7 k €↓
2008
Annual accounts 20081,4 k €↓
2007
Annual accounts 200764,1 k €↑
2006
Annual accounts 2006-3,2 k €
2006
Name changeA. ABM
15/02/1999
IncorporationPrivate 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

MASCO HEATING

Overview

What does MASCO HEATING do?

Trend over 18 financial years

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