MASALAQUE
0478.048.860 · rovalta.com · 22/09/2026
ACTIVE
MASALAQUE
Financial year 2025 · closed on 31/12/2025
Net result
22 k €
+205.8% YoY
Gross margin
74,6 k €
+292.6% YoY
Equity
397,8 k €
+5.6% YoY
Overview
What does MASALAQUE do?
MASALAQUE is a Private company with limited liability incorporated in 2002. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Soignies.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0478.048.860
Incorporation
31/07/2002
Legal form
Private company with limited liability
Registered office
Rue des Combattants 3 box B
7061 Soignies · WallonieSee on map
7061 Soignies · WallonieSee on map
Contributed capital
10 737,72 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (3)
- 124
- 200
- 218-100-201
Signals
ProfitableSolid equityLow riskGood 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 | 74,6 k € | +293% | 19 k € | -95.5% | 422,9 k € | -22.1% | 542,6 k € | +13.8% | 476,9 k € | +28.1% | 372,4 k € | +62.9% | 228,7 k € | +18.9% | 192,3 k € | -3.8% | 199,9 k € | -30.6% | 288 k € | -21.0% | 364,6 k € | +12.3% | 324,6 k € | -7.0% | 348,9 k € | -10.6% | 390,1 k € | -3.2% | 402,9 k € | -9.8% | 446,6 k € | -2.7% | 459,1 k € | +3.6% | 443 k € | -29.4% | 627,9 k € | +30.6% | 480,9 k € |
| EBITDA | 66,7 k € | +395% | 13,5 k € | -93.3% | 201,3 k € | -35.7% | 312,8 k € | +9.5% | 285,6 k € | +25.2% | 228,2 k € | +114% | 106,5 k € | +42.4% | 74,8 k € | -27.0% | 102,5 k € | +382% | -36,3 k € | -147% | 76,5 k € | +1068% | 6,6 k € | -73.8% | 25 k € | -38.6% | 40,7 k € | -18.8% | 50,1 k € | -46.2% | 93,2 k € | +1202% | -8,5 k € | +88.3% | -72,3 k € | -191% | 79,4 k € | -8.2% | 86,5 k € |
| Operating result | 26,3 k € | +229% | -20,3 k € | -113% | 159,2 k € | -40.3% | 266,4 k € | +15.6% | 230,5 k € | +36.1% | 169,4 k € | +256% | 47,6 k € | +298% | 11,9 k € | -71.6% | 42 k € | +162% | -68,2 k € | -223% | 55,3 k € | +518% | -13,2 k € | -747% | 2 k € | -84.1% | 12,9 k € | +130% | 5,6 k € | -88.9% | 50,1 k € | +171% | -70,4 k € | +48.8% | -137,6 k € | -1610% | 9,1 k € | -50.5% | 18,4 k € |
| Net result | 22 k € | +206% | -20,8 k € | -116% | 132 k € | -31.6% | 193 k € | +8.7% | 177,4 k € | +43.3% | 123,8 k € | +224% | 38,2 k € | +461% | 6,8 k € | -68.1% | 21,3 k € | +131% | -68,2 k € | -223% | 55,3 k € | +518% | -13,2 k € | -747% | 2 k € | -84.1% | 12,9 k € | +130% | 5,6 k € | -88.9% | 50,1 k € | +171% | -70,4 k € | +48.8% | -137,6 k € | -1610% | 9,1 k € | -50.5% | 18,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 397,8 k € | +5.6% | 376,9 k € | -43.6% | 667,8 k € | +24.4% | 536,9 k € | +55.6% | 345 k € | +105% | 168,5 k € | +269% | 45,7 k € | +433% | 8,6 k € | +147% | -18,4 k € | +53.7% | -39,7 k € | -239% | 28,5 k € | +207% | -26,8 k € | -97.5% | -13,5 k € | +13.1% | -15,6 k € | +45.2% | -28,4 k € | +16.4% | -34 k € | +59.5% | -84,1 k € | -389% | -17,2 k € | -114% | 120,4 k € | +8.2% | 111,3 k € |
| Total assets | 579,3 k € | -17.3% | 700,5 k € | -25.5% | 940,7 k € | +4.8% | 897,4 k € | +5.8% | 848,2 k € | +17.0% | 724,9 k € | +11.6% | 649,4 k € | -3.3% | 671,9 k € | -6.9% | 721,4 k € | +113% | 338,1 k € | +92.3% | 175,9 k € | +34.6% | 130,7 k € | +22.5% | 106,7 k € | -22.4% | 137,5 k € | -5.5% | 145,5 k € | -26.0% | 196,6 k € | -13.6% | 227,4 k € | -31.0% | 329,5 k € | -20.0% | 411,9 k € | +17.5% | 350,6 k € |
| Cash | 49 k € | -71.7% | 173,3 k € | -50.4% | 349,2 k € | +9.9% | 317,8 k € | +184% | 112,1 k € | -17.3% | 135,6 k € | +277% | 35,9 k € | +43.1% | 25,1 k € | +282% | 6,6 k € | -54.0% | 14,3 k € | -77.8% | 64,5 k € | +2279% | 2,7 k € | -36.6% | 4,3 k € | -88.0% | 35,6 k € | +1785% | 1,9 k € | -35.4% | 2,9 k € | -6.1% | 3,1 k € | -48.3% | 6 k € | +3442% | 170 € | -99.5% | 35,9 k € |
| Debts | 169,9 k € | -46.8% | 319,2 k € | +19.0% | 268,3 k € | -23.4% | 350,2 k € | -29.7% | 498 k € | -9.6% | 551 k € | -7.8% | 597,9 k € | -9.1% | 657,4 k € | -11.1% | 739,8 k € | +95.8% | 377,8 k € | +156% | 147,3 k € | -6.4% | 157,5 k € | +31.0% | 120,2 k € | -21.4% | 153 k € | -12.0% | 173,9 k € | -24.6% | 230,6 k € | -26.0% | 311,5 k € | -10.1% | 346,7 k € | +18.9% | 291,5 k € | +28.8% | 226,3 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | 4,3 ETP | -4.4% | 4,5 ETP | +12.5% | 4,0 ETP | – | – | – | – | 2,0 ETP | -33.3% | 3,0 ETP | 0.0% | 3,0 ETP | 0.0% | 3,0 ETP | +50.0% | 2,0 ETP | 0.0% | 2,0 ETP | -4.8% | 2,1 ETP | -44.7% | 3,8 ETP | +2.7% | 3,7 ETP | +27.6% | 2,9 ETP | +142% | 1,2 ETP | |||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 1 ended
Active mandates
Marc HELLIN
ActiveEnded mandates
MARC HELLIN
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro 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 | 29/06/2026 | 04/08/2025 | 19/09/2024 | 30/05/2023 | 31/01/2023 | 31/08/2021 |
| General meeting | 30/05/2026 | 31/05/2025 | 25/05/2024 | 27/05/2023 | 02/05/2022 | 29/05/2021 |
| 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 | 30/05/2026 | 29/06/2026 | French | |
| Micro model | 31/12/2024 | 31/05/2025 | 04/08/2025 | French | |
| Abridged model | 31/12/2023 | 25/05/2024 | 19/09/2024 | French | |
| Abridged model | 31/12/2022 | 27/05/2023 | 30/05/2023 | French | |
| Abridged modelCorrection | 31/12/2021 | 02/05/2022 | 31/01/2023 | French | |
| Abridged model | 31/12/2021 | 02/05/2022 | 08/06/2022 | French | |
| Abridged model | 31/12/2020 | 29/05/2021 | 31/08/2021 | French | |
| Micro model | 31/12/2019 | 04/06/2020 | 05/08/2020 | French | |
| Micro model | 31/12/2018 | 25/05/2019 | 30/08/2019 | French | |
| Micro model | 31/12/2017 | 25/05/2018 | 17/08/2018 | French | |
| Abridged model | 31/12/2016 | 26/05/2017 | 03/08/2017 | French | |
| Abridged model | 31/12/2015 | 27/05/2016 | 16/06/2016 | French | |
| Abridged model | 31/12/2014 | 29/05/2015 | 12/08/2015 | French | |
| Abridged model | 31/12/2013 | 30/05/2014 | 24/07/2014 | French | |
| Abridged model | 31/12/2012 | 31/05/2013 | 29/07/2013 | French | |
| Abridged model | 31/12/2011 | 25/05/2012 | 06/08/2012 | French | |
| Abridged model | 31/12/2010 | 27/05/2011 | 09/08/2011 | French | |
| Abridged model | 31/12/2009 | 28/05/2010 | 03/08/2010 | French | |
| Abridged model | 31/12/2008 | 29/05/2009 | 22/08/2009 | French | |
| Abridged model | 31/12/2007 | 30/05/2008 | 01/08/2008 | French | |
| Abridged model | 31/12/2006 | 25/05/2007 | 21/08/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 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 · 1 active · 1 ended
Active mandates
Marc HELLIN
ActiveEnded mandates
MARC HELLIN
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Restructuring06/08/2024DENOMINATION - SIEGE SOCIAL - CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Restructuring21/05/2024RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Registered office30/05/2017SIEGE SOCIAL
- Mandates05/08/2008DEMISSIONS, NOMINATIONS
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 202522 k €↑
- 2024Annual accounts 2024-20,8 k €↓
- 2023Annual accounts 2023132 k €↓
- 2023Name changeMASALAQUE
- 2022Annual accounts 2022193 k €↑
- 2021Annual accounts 2021177,4 k €↑
- 2021Name changePISCINES LOISIRS
- 2020Annual accounts 2020123,8 k €↑
- 2019Annual accounts 201938,2 k €↑
- 2018Annual accounts 20186,8 k €↓
- 2017Annual accounts 201721,3 k €↑
- 2016Annual accounts 2016-68,2 k €↓
- 2015Annual accounts 201555,3 k €↑
- 2014Annual accounts 2014-13,2 k €↓
- 2013Annual accounts 20132 k €↓
- 2012Annual accounts 201212,9 k €↑
- 2011Annual accounts 20115,6 k €↓
- 2010Annual accounts 201050,1 k €↑
- 2009Annual accounts 2009-70,4 k €↑
- 2008Annual accounts 2008-137,6 k €↓
- 2007Annual accounts 20079,1 k €↓
- 2006Annual accounts 200618,4 k €
- 31/07/2002IncorporationPrivate company with limited liability