MASAR
0860.750.680 · rovalta.com · 05/11/2026
ACTIVE
MASAR
Financial year 2025 · Closed on 31/12/2025
Net result1,8 k €-70,9 %over 1 year
Gross margin52,1 k €+3,1 %over 1 year
Equity439,3 k €+0,4 %over 1 year
Overview
Identity
Source · BCE/KBOMASAR is a Private limited company incorporated in 2003. Its main activity is: Management consultancy activities. Its registered office is in Zwevegem.
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0860.750.680
- Incorporation
- 29/09/2003
- Legal form
- Private limited company
- Registered office
- Streyestraat(S) 16 box B
8554 Zwevegem · FlandreSee on map - Contributed capital
- 168 600,00 €
- Latest accounts
- 31/12/2025
Activities (NACE)
Joint committees (1)
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Financials
Source · NBB, 18 filingsTrend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 52,1 k € | +3.1% | 50,5 k € | +433% | -15,2 k € | -133% | 45,6 k € | -64.8% | 129,7 k € |
| EBITDA | 49,2 k € | +8.7% | 45,3 k € | +336% | -19,1 k € | -146% | 41,3 k € | -67.3% | 126,4 k € |
| Operating result | 9,3 k € | -53.3% | 20 k € | +139% | -50,9 k € | -635% | 9,5 k € | -90.0% | 95,3 k € |
| Net result | 1,8 k € | -70.9% | 6,1 k € | +113% | -48,1 k € | -957% | 5,6 k € | -91.3% | 64,3 k € |
| Balance sheet | |||||||||
| Equity | 439,3 k € | +0.4% | 437,5 k € | +1.4% | 431,4 k € | -10.0% | 479,5 k € | +1.2% | 473,9 k € |
| Total assets | 573,3 k € | -11.7% | 649,5 k € | +21.5% | 534,5 k € | -16.4% | 639,3 k € | +2.2% | 625,6 k € |
| Cash | 4,4 k € | -91.5% | 52,1 k € | +40593% | 128,1 € | -97.5% | 5,2 k € | +2044% | 242 € |
| Debts | 76,8 k € | -50.3% | 154,6 k € | +238% | 45,7 k € | -55.4% | 102,6 k € | +8.6% | 94,5 k € |
| Other | |||||||||
| Workforce | – | – | – | – | – | ||||
Valuation
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20252 active
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Carl MESSIAEN | Directorsince 17/09/2003Manager17/09/2003 → 2018 accountsended | ||
Katrien OTTEVAERE | Directorsince 17/09/2003Manager17/09/2003 → 2018 accountsended |
Other companies at this address
Streyestraat(S) 16 8554 Zwevegem| Company | CBE no. |
|---|---|
LARMAS● Active | 0631.864.037 |
Financials
Full financial information
Source · NBB| 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 | 01/06/2026 | 17/07/2025 | 26/06/2024 | 14/07/2023 | 19/07/2022 | 31/08/2021 |
| General meeting | 15/05/2026 | 06/06/2025 | 21/06/2024 | 10/07/2023 | 30/06/2022 | 27/08/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 18 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 15/05/2026 | 01/06/2026 | Dutch | |
| Micro model | 31/12/2024 | 06/06/2025 | 17/07/2025 | Dutch | |
| Micro model | 31/12/2023 | 21/06/2024 | 26/06/2024 | Dutch | |
| Micro model | 31/12/2022 | 10/07/2023 | 14/07/2023 | Dutch | |
| Micro model | 31/12/2021 | 30/06/2022 | 19/07/2022 | Dutch | |
| Micro model | 31/12/2020 | 27/08/2021 | 31/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 11/09/2020 | 12/10/2020 | Dutch | |
| Micro model | 31/12/2018 | 23/08/2019 | 30/08/2019 | Dutch | |
| Micro model | 31/12/2017 | 09/06/2018 | 11/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 10/06/2017 | 30/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 25/06/2016 | 31/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/06/2015 | 29/07/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/06/2014 | 01/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 29/06/2013 | 16/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 28/08/2012 | 27/09/2012 | Dutch | |
| Abridged model | 31/12/2010 | 07/11/2011 | 08/11/2011 | Dutch | |
| Abridged model | 31/12/2009 | 30/06/2010 | 26/07/2010 | Dutch | |
| Abridged model | 31/12/2006 | 30/06/2007 | 14/09/2007 | Dutch |
Valuation
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
Board of directors
Source · NBB, accounts to 31/12/20252 active
Active mandates
| Director | Mandates in this company | Period | Other mandatescurrentendedstruck offbankruptcies |
|---|---|---|---|
Carl MESSIAEN | Directorsince 17/09/2003Manager17/09/2003 → 2018 accountsended | ||
Katrien OTTEVAERE | Directorsince 17/09/2003Manager17/09/2003 → 2018 accountsended |
Ownership and network
Looking for more information about this company?
Try for freePublications
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
Source · CBE, NBB annual accountsYear
Identity
Incorporation
Name
Registered office
Annual accounts
Filings17 filings
Mandates
Katrien Ottevaere
Carl Messiaen
200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
MASAR
Streyestraat(S) 16 bte B, 8554 Sint-Denijs
DirectorManager
DirectorManager
CurrentPlanned, not yet servedEndedAccounts filedToday
Registered offices
Source · NBB annual accounts, CBE| Registered address | Period | Source |
|---|---|---|
| Streyestraat(S) 16 bte B, 8554 Sint-DenijsCurrent | accounts 2021 → 2025 | Accounts 2025 · 2026-00130635 |
Company names
Source · NBB annual accounts, CBE| Name | Period | Source |
|---|---|---|
| MASARCurrent | accounts 2021 → 2025 | Accounts 2025 · 2026-00130635 |
Events
- 2025Annual accounts 20251,8 k €↓
- 2024Annual accounts 20246,1 k €↑
- 2023Annual accounts 2023-48,1 k €↓
- 2022Annual accounts 20225,6 k €↓
- 2021Annual accounts 202164,3 k €↓
- 2020Annual accounts 202076,6 k €↑
- 2019Annual accounts 201969 k €↑
- 2018Annual accounts 201838,6 k €↑
- 2017Annual accounts 2017882,8 €↓
- 2016Annual accounts 20162,5 k €↑
- 2015Annual accounts 2015-1,3 k €↑
- 2014Annual accounts 2014-4,1 k €↓
- 2013Annual accounts 2013-3,6 k €↑
- 2012Annual accounts 2012-22,1 k €↓
- 2011Annual accounts 20112 k €↓
- 2010Annual accounts 201021,6 k €↑
- 2009Annual accounts 2009-2,1 k €
- 29/09/2003IncorporationPrivate limited company