NORMAL SITUATION

MASC-INVEST

Company — Normal situation.

Financial year 2025 · Closed on 29/10/2025

Net result145,3 M €+1 158,1 %over 1 year
Equity166,9 M €+464,0 %over 1 year

Identity

Source · BCE/KBO

MASC-INVEST is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0788.710.562
Legal form
Public limited company
Contributed capital
232 000,00 €
Latest accounts
29/10/2025
Signals
ProfitableSolid equityPositive cashflow

Financials

Source · NBB, 4 filings

Trend over 4 financial years

2025202420232022
Income statement
EBITDA-65,4 k €-65,4 k €-88,6 k €-447,5 €
Operating result-65,4 k €-65,4 k €-88,6 k €-5 k €
Net result145,3 M €11,6 M €2,4 M €-5 k €
Balance sheet
Equity166,9 M €29,6 M €21,7 M €19,4 M €
Total assets166,9 M €29,6 M €21,8 M €19,4 M €
Cash11 k €35,6 k €1,8 M €5 k €
Debts0 €6,3 k €39,9 k €10 k €

Board of directors

Source · NBB, accounts to 29/10/2025

1 active · 5 ended

Active mandates

Ellen Van Cauwenberge

Director

Active

Ended mandates

Ellen Van Cauwenberge

Director · since 31 août 2024

Ended
SEASTAR CAPITAL

Managing director · until 30 avril 2024 · 0685.867.204

Represented by Joost VAN CAUWENBERGE

Ended
SEASTAR CAPITAL

Managing director · 0685.867.204

Represented by Joost Van Cauwenberge

Ended
STELCA.BE CommV

Managing director · 0687.950.328

Represented by Ellen Van Cauwenberge

Ended

Full financial information

Source · NBB
2025202420232022
Type of accountFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202318/07/2022
Closing of the financial year29/10/202531/12/202431/12/202331/12/2022
Length of the financial year10 months12 months12 months6 months
Filing date26/11/202525/07/202502/08/202425/08/2023
General meeting29/10/202517/07/202519/07/202425/07/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 4 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model29/10/202529/10/202526/11/2025DutchPDF
Full model31/12/202417/07/202525/07/2025DutchPDF
Full model31/12/202319/07/202402/08/2024DutchPDF
Full model31/12/202225/07/202325/08/2023DutchPDF

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.

Board of directors

Source · NBB, accounts to 29/10/2025

1 active · 5 ended

Active mandates

Ellen Van Cauwenberge

Director

Active

Ended mandates

Ellen Van Cauwenberge

Director · since 31 août 2024

Ended
SEASTAR CAPITAL

Managing director · until 30 avril 2024 · 0685.867.204

Represented by Joost VAN CAUWENBERGE

Ended
SEASTAR CAPITAL

Managing director · 0685.867.204

Represented by Joost Van Cauwenberge

Ended
STELCA.BE CommV

Managing director · 0687.950.328

Represented by Ellen Van Cauwenberge

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Dissolution08/12/2025
    Ontbinding en sluiting vereffening in 1 akte
    PDF
  • Mandates18/11/2025
    Herbenoeming commissaris
    PDF
  • Mandates07/10/2024
    Ontslag - benoeming
    PDF
  • Mandates24/05/2024
    Ontslag (gedelegeerd) bestuurder en voorzitter / Zetelverplaatsing
    PDF
  • Other20/07/2022
    OPRICHTING
    PDF

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 2025145,3 M €↑
  2. 2025
    Name changeMASC-INVEST in vereffening
  3. 2024
    Annual accounts 202411,6 M €↑
  4. 2023
    Annual accounts 20232,4 M €↑
  5. 2022
    Annual accounts 2022-5 k €
  6. 2022
    Name changeMASC-INVEST