ACTIVE

MashCo

Financial year 2025 · closed on 31/12/2025
Net result
1,5 M €
+61.6% YoY
Revenue
5,8 M €
+10.9% YoY
Equity
38,9 M €
+3.0% YoY
Workforce
15,3 ETP
-0.6% YoY

What does MashCo do?

MashCo is a Public limited company incorporated in 2019. Its main activity is: Activities of holding companies. Its registered office is in Sint-Martens-Latem. It employs on average 15,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0731.839.660
Incorporation
02/08/2019
Legal form
Public limited company
Registered office
Leiepark 14
9831 Sint-Martens-Latem · FlandreSee on map
Contributed capital
29 156 000,00 €
Latest accounts
31/12/2025
Average workforce
15,3 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Revenue5,8 M €5,3 M €4,1 M €3,4 M €3,1 M €730,2 k €
EBITDA2 M €1,8 M €745,2 k €2 M €1,5 M €-638,8 k €
Operating result1,3 M €1,2 M €254,8 k €1,2 M €1,5 M €-638,8 k €
Net result1,5 M €937,2 k €-4,4 M €5,4 M €268,7 k €7,2 M €
Balance sheet
Equity38,9 M €37,8 M €37,4 M €41,8 M €36,6 M €36,3 M €
Total assets60,1 M €63,5 M €63,4 M €68 M €68,5 M €59,7 M €
Cash334,6 k €719,2 k €349,2 k €58 k €105,7 k €5,2 k €
Debts21,2 M €25,8 M €26 M €26,2 M €31,9 M €23,4 M €
Other
Workforce15,3 ETP15,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 5 ended

Active mandates

MASHKEN

Director · since 24 juin 2025 · until 10 juin 2031 · 1022.718.312

Represented by Louis Versele

Active
Christian DE WOLF

Director · since 04 septembre 2019 · until 29 août 2028

Active
KANATA

Director · since 04 septembre 2019 · until 24 juin 2025 · 0811.736.481

Represented by Louis Versele

Active
ROBOONA

Director · since 04 septembre 2019 · until 29 août 2028 · 0834.818.820

Represented by Robin Van Oudenhove

Active
VERLOON

Director · since 04 septembre 2019 · until 29 août 2028 · 0439.898.958

Represented by Filip Versele

Active

Ended mandates

Christian DE WOLF

Director · since 04 septembre 2019 · until 04 septembre 2023

Ended
KANATA

Director · since 04 septembre 2019 · until 04 septembre 2023 · 0811.736.481

Represented by Louis Versele

Ended
KANATA

Director · since 04 septembre 2019 · until 29 août 2028 · 0811.736.481

Represented by Louis Versele

Ended
ROBOONA

Director · since 04 septembre 2019 · until 04 septembre 2023 · 0834.818.820

Represented by Robin Van Oudenhove

Ended
At this address

Other companies at this address

CompanyCBE no.
CARLANActive
0715.605.523
FILOFREEActive
1011.089.396
FilosanActive
0749.884.531
KANATAActive
0811.736.481
MASHKENActive
1022.718.312
VCFL2 InvestActive
0689.562.112
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202102/08/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months17 months
Filing date30/07/202630/07/202505/08/202414/08/202329/07/202210/07/2021
General meeting23/06/202624/06/202528/06/202430/06/202330/06/202229/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202523/06/202630/07/2026DutchPDF
Full model31/12/202424/06/202530/07/2025DutchPDF
Full model31/12/202328/06/202405/08/2024DutchPDF
Full model31/12/202230/06/202314/08/2023DutchPDF
Full model31/12/202130/06/202229/07/2022DutchPDF
Full model31/12/202029/06/202110/07/2021DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2025 · 5 active · 5 ended

Active mandates

MASHKEN

Director · since 24 juin 2025 · until 10 juin 2031 · 1022.718.312

Represented by Louis Versele

Active
Christian DE WOLF

Director · since 04 septembre 2019 · until 29 août 2028

Active
KANATA

Director · since 04 septembre 2019 · until 24 juin 2025 · 0811.736.481

Represented by Louis Versele

Active
ROBOONA

Director · since 04 septembre 2019 · until 29 août 2028 · 0834.818.820

Represented by Robin Van Oudenhove

Active
VERLOON

Director · since 04 septembre 2019 · until 29 août 2028 · 0439.898.958

Represented by Filip Versele

Active

Ended mandates

Christian DE WOLF

Director · since 04 septembre 2019 · until 04 septembre 2023

Ended
KANATA

Director · since 04 septembre 2019 · until 04 septembre 2023 · 0811.736.481

Represented by Louis Versele

Ended
KANATA

Director · since 04 septembre 2019 · until 29 août 2028 · 0811.736.481

Represented by Louis Versele

Ended
ROBOONA

Director · since 04 septembre 2019 · until 04 septembre 2023 · 0834.818.820

Represented by Robin Van Oudenhove

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other31/07/2026
    DIVERSEN - DOEL
    PDF
  • Mandates16/12/2025
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Mandates13/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/01/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring05/01/2022
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring27/09/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates06/09/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - 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

Timeline

  1. 2025
    Annual accounts 20251,5 M €
  2. 2024
    Annual accounts 2024937,2 k €
  3. 2023
    Annual accounts 2023-4,4 M €
  4. 2022
    Annual accounts 20225,4 M €
  5. 29/08/2022
    reconductionKANATA NV — Bestuurder
  6. 29/08/2022
    reconductionVerloon NV — Bestuurder
  7. 29/08/2022
    reconductionChristian De Wolf — Bestuurder
  8. 29/08/2022
    reconductionROBOONA BV — Bestuurder
  9. 2021
    Annual accounts 2021268,7 k €
  10. 2020
    Annual accounts 20207,2 M €
  11. 02/08/2019
    IncorporationPublic limited company