ACTIVE

TIMMER- EN SCHRIJNWERK WOUTER MASSELIS

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Financial year 2025 · Closed on 31/12/2025

Net result62,5 k €-27,2 %over 1 year

Gross margin844,5 k €+6,8 %over 1 year

Equity685,2 k €+2,9 %over 1 year

Workforce10,7 ETP+7,0 %over 1 year

Identity

Source · BCE/KBO

TIMMER- EN SCHRIJNWERK WOUTER MASSELIS is a Private limited company incorporated in 2006. Its main activity is: Manufacture of paints, varnishes and similar coatings, printing ink and mastics. Its registered office is in Wevelgem. It employs on average 10,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0878.481.092
Incorporation: 10/01/2006
Legal form: Private limited company
Registered office: Menenstraat 45
8560 Wevelgem · FlandreSee on map
Contributed capital: 20 143,03 €
Latest accounts: 31/12/2025
Average workforce: 10,7 ETP

Activities (NACE)

20301Manufacture of paints, varnishes and similar coatings, printing ink and mastics· main 43320Joinery installation 43320Joinery installation 45421Sale, maintenance and repair of motorcycles and related parts and accessories 47551Retail sale of other household equipment in specialised stores 47591Retail sale of furniture, lighting equipment and other household articles in specialised stores+15

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	844,5 k €	+6.8%	790,9 k €	-21.8%	1 M €	+13.5%	891,2 k €	+2.4%	870,2 k €
EBITDA	171,8 k €	-13.2%	197,8 k €	-60.0%	495,1 k €	+16.7%	424,1 k €	-1.7%	431,7 k €
Operating result	89,9 k €	-22.6%	116,2 k €	-68.9%	373,4 k €	+29.7%	288 k €	-8.9%	316,1 k €
Net result	62,5 k €	-27.2%	85,8 k €	-65.9%	251,5 k €	+28.6%	195,5 k €	-6.4%	208,9 k €
Balance sheet
Equity	685,2 k €	+2.9%	666,1 k €	-57.3%	1,6 M €	+12.3%	1,4 M €	+9.8%	1,3 M €
Total assets	1,6 M €	-1.7%	1,6 M €	-31.9%	2,4 M €	-6.3%	2,6 M €	+5.8%	2,4 M €
Cash	257 k €	-5.6%	272,2 k €	-35.0%	418,4 k €	-34.6%	640,1 k €	-14.3%	747,1 k €
Debts	925,3 k €	-4.9%	972,8 k €	+14.9%	846,8 k €	-28.3%	1,2 M €	+1.6%	1,2 M €
Other
Workforce	10,7 ETP	+7.0%	10,0 ETP	+12.4%	8,9 ETP	-1.1%	9,0 ETP	-4.3%	9,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 7 ended

Active mandates

Alexander Masselis

Director · since 22 décembre 2023

Active

Katy Vandoorne

Director · since 28 mars 2013

Active

Wouter Masselis

Director

Active

Ended mandates

Dominique Saelens

Director · since 01 avril 2017

Ended

Dominique Saelens

Manager · since 01 avril 2017

Ended

Katy Vandoorne

Manager · since 28 mars 2013

Ended

Luc Valcke

Director · since 15 février 2013

Ended

Other companies at this address

Menenstraat 45 8560 Wevelgem

Company	CBE no.
EH● Active	1041.610.348
MASSELIS● Active	1011.759.290
Vanneste Gebroeders● Liquidation	0405.376.064

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	20/08/2026	25/06/2025	22/05/2024	29/06/2023	21/06/2022	30/06/2021
General meeting	31/07/2026	20/06/2025	17/05/2024	23/06/2023	17/06/2022	25/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/07/2026	20/08/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	25/06/2025	Dutch	PDF
Abridged model	31/12/2023	17/05/2024	22/05/2024	Dutch	PDF
Abridged model	31/12/2022	23/06/2023	29/06/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	21/06/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	31/07/2020	03/08/2020	Dutch	PDF
Abridged model	31/12/2018	19/07/2019	14/08/2019	Dutch	PDF
Abridged model	31/12/2017	22/06/2018	05/07/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	07/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	01/08/2014	08/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/03/2013	04/04/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	15/06/2012	Dutch	PDF
Abridged model	31/12/2010	16/09/2011	23/09/2011	Dutch	PDF
Abridged model	31/12/2009	10/08/2010	13/08/2010	Dutch	PDF
Abridged model	31/12/2008	03/04/2009	14/04/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	24/06/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	14/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 7 ended

Active mandates

Alexander Masselis

Director · since 22 décembre 2023

Active

Katy Vandoorne

Director · since 28 mars 2013

Active

Wouter Masselis

Director

Active

Ended mandates

Dominique Saelens

Director · since 01 avril 2017

Ended

Dominique Saelens

Manager · since 01 avril 2017

Ended

Katy Vandoorne

Manager · since 28 mars 2013

Ended

Luc Valcke

Director · since 15 février 2013

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring06/09/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Restructuring29/05/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates11/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/04/2017
ONTSLAGEN - BENOEMINGEN
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 202562,5 k €↓
2024
Annual accounts 202485,8 k €↓
2023
Annual accounts 2023251,5 k €↑
2022
Annual accounts 2022195,5 k €↓
2021
Annual accounts 2021208,9 k €↑
2020
Annual accounts 2020107,5 k €↓
2019
Annual accounts 2019116,9 k €↑
2018
Annual accounts 201880,9 k €↑
2017
Annual accounts 201772 k €↑
2016
Annual accounts 201636,8 k €↓
2015
Annual accounts 201564,4 k €↑
2014
Annual accounts 201454,3 k €↓
2013
Annual accounts 201356,5 k €↓
2012
Annual accounts 201292,1 k €↑
2011
Annual accounts 201148,5 k €↑
2010
Annual accounts 201045,4 k €↓
2009
Annual accounts 200951,5 k €↓
2008
Annual accounts 200872,6 k €↓
2007
Annual accounts 200781,3 k €↑
2006
Annual accounts 200680,5 k €
10/01/2006
IncorporationPrivate limited company

TIMMER- EN SCHRIJNWERK WOUTER MASSELIS

Overview

Identity

Financials

Valuation

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

Timeline