ACTIVE

MASU Technics

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Financial year 2025 · closed on 31/12/2025

Net result

2 M €

+294.0% YoY

Revenue

903,9 k €

-5.3% YoY

Equity

13,8 M €

+17.4% YoY

What does MASU Technics do?

MASU Technics is a Private limited company incorporated in 2009. Its main activity is: Management consultancy activities. Its registered office is in Kruisem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0820.641.180

Incorporation

18/11/2009

Legal form

Private limited company

Registered office

Wortegemstraat (Nok) 22
9771 Kruisem · FlandreSee on map

Contributed capital

8 060 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 68203Rental and operating of own or leased real estate

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2022		2021		2019		2018		2017		2016		2015		2014		2012		2011		2010
Income statement
Revenue	903,9 k €	-5.3%	954,8 k €	+10.7%	862,1 k €	+5.6%	816 k €	+33.6%	610,8 k €	+155%	239,7 k €	-19.5%	297,7 k €	-3.6%	308,7 k €	-29.5%	437,9 k €	+1.4%	431,9 k €	+140%	180 k €	0.0%	180 k €	+140%	75 k €
EBITDA	1,3 M €	+62.8%	802,2 k €	+5.5%	760,8 k €	+2.1%	745,1 k €	+46.5%	508,6 k €	+287%	131,6 k €	-32.8%	195,9 k €	-8.2%	213,4 k €	-37.9%	343,5 k €	+0.6%	341,4 k €	+182%	121,2 k €	-1.9%	123,6 k €	+173%	45,3 k €
Operating result	861,8 k €	+30.6%	659,9 k €	-5.3%	696,7 k €	+0.7%	691,5 k €	+51.8%	455,6 k €	+487%	77,6 k €	-43.8%	138 k €	-7.6%	149,3 k €	-45.2%	272,5 k €	+3.7%	262,8 k €	+117%	121,2 k €	-1.9%	123,6 k €	+173%	45,3 k €
Net result	2 M €	+294%	518,7 k €	-18.9%	640 k €	+22.8%	521,1 k €	+3.8%	502 k €	+1265%	36,8 k €	-88.4%	318,1 k €	+84.0%	172,8 k €	-53.8%	374,3 k €	+52.5%	245,4 k €	+1260%	-21,1 k €	-171%	29,7 k €	+148%	-61,6 k €
Balance sheet
Equity	13,8 M €	+17.4%	11,7 M €	+5.8%	11,1 M €	+6.1%	10,5 M €	+5.8%	9,9 M €	+5.4%	9,4 M €	+0.4%	9,3 M €	-22.3%	12 M €	+1.5%	11,9 M €	+3.3%	11,5 M €	+289%	2,9 M €	-0.7%	3 M €	+1.0%	2,9 M €
Total assets	15,2 M €	+6.1%	14,4 M €	+19.0%	12,1 M €	+6.5%	11,3 M €	+8.1%	10,5 M €	+5.7%	9,9 M €	-23.4%	12,9 M €	+2.5%	12,6 M €	+5.4%	12 M €	+3.1%	11,6 M €	+90.3%	6,1 M €	+2.0%	6 M €	+2.2%	5,9 M €
Cash	422,2 k €	-0.6%	424,7 k €	+266%	116 k €	+4131%	2,7 k €	-97.6%	115,9 k €	-7.3%	125 k €	-15.3%	147,6 k €	-80.1%	742,8 k €	+38.8%	535,1 k €	+80.8%	296 k €	+415%	57,4 k €	-34.9%	88,2 k €	+51.3%	58,3 k €
Debts	1,4 M €	-44.9%	2,6 M €	+170%	971,3 k €	+10.5%	879 k €	+45.9%	602,6 k €	+12.3%	536,7 k €	-85.1%	3,6 M €	+501%	598,4 k €	+390%	122,2 k €	-12.8%	140,2 k €	-95.6%	3,2 M €	+4.6%	3 M €	+3.5%	2,9 M €
Other
Workforce	–		–		–		–		0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	+200%	0,1 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 10 ended

Active mandates

Franceska Rosseel

Director · since 12 novembre 2024 · until 09 octobre 2025

Active

MATHIEU SUYS

Director · since 13 novembre 2009

Active

Ended mandates

Franceska Rosseel

Director · since 12 novembre 2024

Ended

Suys Jean-Pierre

Director · since 27 novembre 2023 · until 12 novembre 2024

Ended

Jean-Pierre Suys

Director · since 27 novembre 2013

Ended

Jean-Pierre Suys

Manager · since 27 novembre 2013

Ended

At this address

Other companies at this address

Company	CBE no.
MASU Works● Active	0629.719.347

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	02/07/2026	10/07/2025	19/07/2024	17/07/2023	18/07/2022	27/07/2021
General meeting	30/06/2026	10/06/2025	11/06/2024	04/07/2023	26/06/2022	29/06/2021
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

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	02/07/2026	Dutch	PDF
Full model	31/12/2024	10/06/2025	10/07/2025	Dutch	PDF
Full model	31/12/2023	11/06/2024	19/07/2024	Dutch	PDF
Full model	31/12/2022	04/07/2023	17/07/2023	Dutch	PDF
Full model	31/12/2021	26/06/2022	18/07/2022	Dutch	PDF
Full model	31/12/2020	29/06/2021	27/07/2021	Dutch	PDF
Full model	31/12/2019	09/06/2020	30/07/2020	Dutch	PDF
Full model	31/12/2018	11/06/2019	27/06/2019	Dutch	PDF
Full model	31/12/2017	12/06/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	17/07/2017	Dutch	PDF
Full model	31/12/2015	14/06/2016	06/07/2016	Dutch	PDF
Full model	31/12/2014	09/06/2015	07/07/2015	Dutch	PDF
Full model	31/12/2013	10/06/2014	07/07/2014	Dutch	PDF
Full model	31/12/2012	11/06/2013	04/07/2013	Dutch	PDF
Full model	31/12/2011	12/06/2012	04/07/2012	Dutch	PDF
Full model	31/12/2010	14/06/2011	08/07/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 2 active · 10 ended

Active mandates

Franceska Rosseel

Director · since 12 novembre 2024 · until 09 octobre 2025

Active

MATHIEU SUYS

Director · since 13 novembre 2009

Active

Ended mandates

Franceska Rosseel

Director · since 12 novembre 2024

Ended

Suys Jean-Pierre

Director · since 27 novembre 2023 · until 12 novembre 2024

Ended

Jean-Pierre Suys

Director · since 27 novembre 2013

Ended

Jean-Pierre Suys

Manager · since 27 novembre 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/07/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring29/03/2023
WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office19/06/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates15/12/2017
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring18/12/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring08/10/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 20252 M €↑
2024
Annual accounts 2024518,7 k €↓
2022
Annual accounts 2022640 k €↑
2021
Annual accounts 2021521,1 k €↑
2019
Annual accounts 2019502 k €↑
2018
Annual accounts 201836,8 k €↓
2017
Annual accounts 2017318,1 k €↑
2016
Annual accounts 2016172,8 k €↓
2015
Annual accounts 2015374,3 k €↑
2014
Annual accounts 2014245,4 k €↑
2012
Annual accounts 2012-21,1 k €↓
2011
Annual accounts 201129,7 k €↑
2010
Annual accounts 2010-61,6 k €
18/11/2009
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

MASU Technics

Overview

What does MASU Technics do?

Trend over 13 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