ACTIVE

MASA CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

2,9 k €

+758.0% YoY

Gross margin

12 k €

+44.8% YoY

Equity

54,8 k €

+5.5% YoY

What does MASA CONSTRUCT do?

MASA CONSTRUCT is a Private limited company incorporated in 2010. Its main activity is: Construction of buildings. Its registered office is in Fontaine-l'Evêque.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0830.001.383

Incorporation

06/10/2010

Legal form

Private limited company

Registered office

Rue Oscar Carlier(FLM) 51
6141 Fontaine-l'Evêque · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 42990Construction of other civil engineering projects n.e.c.42990Construction of other civil engineering projects n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	12 k €	+44.8%	8,3 k €	-59.1%	20,2 k €	-71.3%	70,5 k €	+63.0%	43,2 k €	+14.9%	37,6 k €	-8.1%	40,9 k €	+40.2%	29,2 k €	+75.4%	16,6 k €	-2.0%	17 k €	+56.4%	10,9 k €	-22.5%	14 k €	-25.9%	18,9 k €	-30.8%	27,3 k €	+11.2%	24,6 k €
EBITDA	7,8 k €	+61.9%	4,8 k €	-65.7%	13,9 k €	-49.6%	27,7 k €	+89.8%	14,6 k €	+65.7%	8,8 k €	-29.6%	12,5 k €	-16.9%	15 k €	+13.4%	13,3 k €	-9.7%	14,7 k €	+52.2%	9,7 k €	-26.0%	13 k €	-22.9%	16,9 k €	-30.3%	24,3 k €	+6.1%	22,9 k €
Operating result	5,8 k €	+112%	2,7 k €	-77.1%	11,9 k €	-31.1%	17,3 k €	+390%	3,5 k €	+336%	-1,5 k €	-266%	906,6 €	-76.7%	3,9 k €	-24.0%	5,1 k €	-41.1%	8,7 k €	+127%	3,8 k €	-27.2%	5,2 k €	-26.5%	7,1 k €	-60.6%	18,1 k €	+179%	6,5 k €
Net result	2,9 k €	+758%	335,6 €	-93.1%	4,9 k €	-41.1%	8,3 k €	+445%	1,5 k €	+164%	-2,4 k €	-2454%	100,8 €	-93.0%	1,4 k €	-38.8%	2,4 k €	-57.3%	5,5 k €	+370%	1,2 k €	-50.3%	2,4 k €	-41.7%	4,1 k €	-61.0%	10,4 k €	+89.1%	5,5 k €
Balance sheet
Equity	54,8 k €	+5.5%	51,9 k €	+0.7%	51,6 k €	+10.4%	46,7 k €	+21.6%	38,4 k €	+4.1%	36,9 k €	-6.0%	39,3 k €	+0.3%	39,2 k €	+3.8%	37,7 k €	+6.7%	35,3 k €	+18.6%	29,8 k €	+4.1%	28,6 k €	+9.0%	26,2 k €	+18.4%	22,2 k €	+89.1%	11,7 k €
Total assets	72,4 k €	+6.2%	68,2 k €	-17.6%	82,8 k €	-18.8%	102 k €	+27.5%	80 k €	+11.2%	71,9 k €	-17.8%	87,5 k €	-18.1%	106,8 k €	+75.4%	60,9 k €	-6.8%	65,3 k €	+16.9%	55,9 k €	-13.7%	64,8 k €	-10.2%	72,1 k €	+72.4%	41,8 k €	+11.3%	37,6 k €
Cash	23,1 k €	+4.6%	22,1 k €	+13.9%	19,4 k €	-11.7%	21,9 k €	+109%	10,5 k €	+11.2%	9,4 k €	+223%	2,9 k €	-66.6%	8,7 k €	+116%	4 k €	-77.8%	18,2 k €	+54.8%	11,8 k €	+37.7%	8,5 k €		–		9,6 k €	+15.3%	8,4 k €
Debts	17,7 k €	+8.1%	16,3 k €	-47.8%	31,3 k €	-43.5%	55,3 k €	+33.2%	41,5 k €	+18.6%	35 k €	-24.8%	46,6 k €	-31.2%	67,7 k €	+192%	23,2 k €	-22.7%	30 k €	+14.9%	26,1 k €	-27.8%	36,2 k €	-21.2%	45,9 k €	+140%	19,1 k €	-26.1%	25,9 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Salvatore GUSCIGLIO

Administrator - manager

Active

Ended mandates

Massimo CRISTALLO

Manager

Ended

Salvatore CUSCIGLIO

Manager

Ended

Salvatore GUSCIGLIO

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	17/07/2026	23/07/2025	20/07/2024	19/07/2023	02/08/2022	29/08/2021
General meeting	01/06/2026	01/06/2025	01/06/2024	01/06/2023	01/06/2022	01/06/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	01/06/2026	17/07/2026	French	PDF
Micro model	31/12/2024	01/06/2025	23/07/2025	French	PDF
Micro model	31/12/2023	01/06/2024	20/07/2024	French	PDF
Micro model	31/12/2022	01/06/2023	19/07/2023	French	PDF
Micro model	31/12/2021	01/06/2022	02/08/2022	French	PDF
Micro model	31/12/2020	01/06/2021	29/08/2021	French	PDF
Micro model	31/12/2019	01/06/2020	27/08/2020	French	PDF
Micro model	31/12/2018	03/06/2019	02/08/2019	French	PDF
Micro model	31/12/2017	01/06/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	01/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	01/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	26/08/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	09/08/2012	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

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 · 1 active · 3 ended

Active mandates

Salvatore GUSCIGLIO

Administrator - manager

Active

Ended mandates

Massimo CRISTALLO

Manager

Ended

Salvatore CUSCIGLIO

Manager

Ended

Salvatore GUSCIGLIO

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/09/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office28/01/2013
SIEGE SOCIAL - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other08/10/2010
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 20252,9 k €↑
2024
Annual accounts 2024335,6 €↓
2023
Annual accounts 20234,9 k €↓
2022
Annual accounts 20228,3 k €↑
2021
Annual accounts 20211,5 k €↑
2020
Annual accounts 2020-2,4 k €↓
2019
Annual accounts 2019100,8 €↓
2018
Annual accounts 20181,4 k €↓
2017
Annual accounts 20172,4 k €↓
2016
Annual accounts 20165,5 k €↑
2015
Annual accounts 20151,2 k €↓
2014
Annual accounts 20142,4 k €↓
2013
Annual accounts 20134,1 k €↓
2012
Annual accounts 201210,4 k €↑
2011
Annual accounts 20115,5 k €
06/10/2010
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

MASA CONSTRUCT

Overview

What does MASA CONSTRUCT do?

Trend over 15 financial years

Indicative valuation

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