ACTIVE

MASE

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

89,4 k €

-1.8% YoY

Gross margin

157,1 k €

-1.3% YoY

Equity

710,5 k €

+14.4% YoY

What does MASE do?

MASE is a Private limited company incorporated in 2004. Its main activity is: Computer consultancy activities. Its registered office is in Keerbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.472.431

Incorporation

05/01/2004

Legal form

Private limited company

Registered office

Grotstraat 21
3140 Keerbergen · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering 62010Computer programming activities 62090Other information technology and computer service activities 62100Computer programming, consultancy and related activities+3

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	157,1 k €	-1.3%	159,1 k €	+11.5%	142,7 k €	+1.2%	141,1 k €	+3.8%	135,9 k €	-33.9%	205,5 k €	+81.1%	113,5 k €	+3.8%	109,3 k €	+144%	44,9 k €	-12.2%	51,1 k €	-52.5%	107,6 k €	-1.1%	108,8 k €	-1.1%	110 k €	+47.7%	74,5 k €	+68.5%	44,2 k €	-50.3%	89 k €	-14.6%	104,2 k €	+10.7%	94,2 k €	+45.6%	64,7 k €	+6.5%	60,7 k €
EBITDA	153,6 k €	-1.3%	155,7 k €	+11.8%	139,3 k €	+1.0%	137,9 k €	+4.4%	132,2 k €	-34.6%	202 k €	+86.4%	108,4 k €	+0.8%	107,5 k €	+151%	42,8 k €	-12.8%	49 k €	-53.5%	105,5 k €	-1.1%	106,7 k €	+1.3%	105,3 k €	+53.7%	68,5 k €	+68.4%	40,7 k €	-53.4%	87,4 k €	-15.1%	102,9 k €	+11.8%	92,1 k €	+48.6%	61,9 k €	+3.7%	59,7 k €
Operating result	125,5 k €	-2.0%	128,2 k €	+10.0%	116,5 k €	-2.7%	119,8 k €	+13.9%	105,1 k €	-40.0%	175,2 k €	+114%	81,8 k €	+9.0%	75,1 k €	+864%	7,8 k €	-67.2%	23,7 k €	-70.4%	80 k €	+3.2%	77,5 k €	-5.6%	82,1 k €	+101%	40,7 k €	+163%	15,5 k €	-79.0%	73,6 k €	-15.7%	87,3 k €	+10.8%	78,8 k €	+55.2%	50,8 k €	+4.2%	48,7 k €
Net result	89,4 k €	-1.8%	91 k €	+10.6%	82,3 k €	-6.7%	88,2 k €	+18.6%	74,4 k €	-37.0%	118,1 k €	+532%	18,7 k €	-54.7%	41,3 k €	+384%	-14,5 k €	-45308%	32,1 €	-99.9%	34,6 k €	-0.7%	34,8 k €	+25.2%	27,8 k €	+142%	11,5 k €	-36.7%	18,2 k €	-70.9%	62,4 k €	+4.0%	60 k €	+7.5%	55,9 k €	+51.4%	36,9 k €	+13.1%	32,6 k €
Balance sheet
Equity	710,5 k €	+14.4%	621,1 k €	+9.5%	567,2 k €	-17.2%	684,9 k €	+5.9%	646,6 k €	+13.0%	572,2 k €	+26.0%	454,1 k €	+4.3%	435,4 k €	+10.5%	394,1 k €	-3.6%	408,7 k €	+0.0%	408,6 k €	+9.2%	374 k €	+10.3%	339,2 k €	-1.2%	343,3 k €	+3.5%	331,8 k €	+5.8%	313,6 k €	+24.9%	251,2 k €	+31.4%	191,1 k €	+41.3%	135,3 k €	+30.6%	103,5 k €
Total assets	751,7 k €	+14.0%	659,2 k €	-17.3%	797,3 k €	+10.6%	720,9 k €	+2.0%	707,1 k €	+7.3%	659,2 k €	+2.0%	646 k €	-29.1%	911,5 k €	+2.8%	886,9 k €	-2.4%	908,4 k €	-2.9%	935,8 k €	+1.2%	924,8 k €	+4.5%	885,1 k €	+16.4%	760,7 k €	+68.0%	452,7 k €	+31.3%	344,8 k €	+17.8%	292,8 k €	+15.2%	254,2 k €	+62.9%	156,1 k €	+21.2%	128,8 k €
Cash	205,1 k €	+203%	67,7 k €	-67.7%	209,3 k €	+54.6%	135,4 k €	+10.9%	122,1 k €	+258%	34,1 k €	+187%	11,9 k €	-95.2%	249,8 k €	+29.5%	192,9 k €	-14.1%	224,6 k €	+8.1%	207,8 k €	+63.9%	126,8 k €	-4.3%	132,5 k €	+22.7%	108 k €	-13.8%	125,3 k €	-39.6%	207,4 k €	+65.3%	125,5 k €	-6.9%	134,8 k €	+44.7%	93,2 k €	+101%	46,3 k €
Debts	41,3 k €	+8.2%	38,2 k €	-83.4%	230 k €	+538%	36,1 k €	-40.4%	60,5 k €	-30.5%	87 k €	-54.5%	191,1 k €	-59.9%	476,1 k €	-3.1%	491,5 k €	-1.7%	499,8 k €	-5.0%	526,3 k €	-4.4%	550,6 k €	+0.9%	545,9 k €	+30.8%	417,4 k €	+245%	120,8 k €	+287%	31,2 k €	-24.5%	41,3 k €	-34.3%	62,9 k €	+208%	20,4 k €	-18.9%	25,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Geeraard Lambrechts

Director

Active

Lieve Uytterhoeven

Director

Active

Ended mandates

Lieve Uytterhoeven

Manager · since 01 septembre 2004

Ended

Geeraard Lambrechts

Manager · since 23 décembre 2003

Ended

Geeraard Lambrechts

Manager

Ended

Geeraard Lambrecths

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	18/05/2026	23/06/2025	17/06/2024	14/06/2023	30/05/2022	18/06/2021
General meeting	05/05/2026	31/05/2025	25/05/2024	27/05/2023	28/05/2022	29/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	05/05/2026	18/05/2026	Dutch	PDF
Micro model	31/12/2024	31/05/2025	23/06/2025	Dutch	PDF
Micro model	31/12/2023	25/05/2024	17/06/2024	Dutch	PDF
Micro model	31/12/2022	27/05/2023	14/06/2023	Dutch	PDF
Micro model	31/12/2021	28/05/2022	30/05/2022	Dutch	PDF
Micro model	31/12/2020	29/05/2021	18/06/2021	Dutch	PDF
Micro model	31/12/2019	30/05/2020	03/06/2020	Dutch	PDF
Micro model	31/12/2018	25/05/2019	14/06/2019	Dutch	PDF
Micro model	31/12/2017	26/05/2018	05/07/2018	Dutch	PDF
Micro model	31/12/2016	27/05/2017	17/07/2017	Dutch	PDF
Abridged model	31/12/2015	28/05/2016	13/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/05/2015	03/07/2015	Dutch	PDF
Abridged model	31/12/2013	19/06/2014	19/09/2014	Dutch	PDF
Abridged model	31/12/2012	25/05/2013	29/05/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	27/06/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	15/06/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	31/05/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	02/06/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	02/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	14/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 active · 5 ended

Active mandates

Geeraard Lambrechts

Director

Active

Lieve Uytterhoeven

Director

Active

Ended mandates

Lieve Uytterhoeven

Manager · since 01 septembre 2004

Ended

Geeraard Lambrechts

Manager · since 23 décembre 2003

Ended

Geeraard Lambrechts

Manager

Ended

Geeraard Lambrecths

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/06/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2004
ONTSLAGEN - BENOEMINGEN
PDF
Other14/01/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, 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 202589,4 k €↓
2024
Annual accounts 202491 k €↑
2023
Annual accounts 202382,3 k €↓
2022
Annual accounts 202288,2 k €↑
2021
Annual accounts 202174,4 k €↓
2020
Annual accounts 2020118,1 k €↑
2019
Annual accounts 201918,7 k €↓
2018
Annual accounts 201841,3 k €↑
2017
Annual accounts 2017-14,5 k €↓
2016
Annual accounts 201632,1 €↓
2015
Annual accounts 201534,6 k €↓
2014
Annual accounts 201434,8 k €↑
2013
Annual accounts 201327,8 k €↑
2012
Annual accounts 201211,5 k €↓
2011
Annual accounts 201118,2 k €↓
2010
Annual accounts 201062,4 k €↑
2009
Annual accounts 200960 k €↑
2008
Annual accounts 200855,9 k €↑
2007
Annual accounts 200736,9 k €↑
2006
Annual accounts 200632,6 k €
05/01/2004
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

MASE

Overview

What does MASE do?

Trend over 20 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