ACTIVE

MASANA

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Financial year 2025 · closed on 31/12/2025
Net result
-1 M €
+6.9% YoY
Gross margin
280,6 k €
+11.3% YoY
Equity
-3,9 M €
-34.5% YoY
Workforce
10,5 ETP
+1.0% YoY

What does MASANA do?

MASANA is a Public limited company incorporated in 2006. Its main activity is: Computer programming activities. Its registered office is in Saint-Nicolas. It employs on average 10,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0881.505.514
Incorporation
04/05/2006
Legal form
Public limited company
Registered office
Rue des Martyrs 115
4420 Saint-Nicolas · WallonieSee on map
Contributed capital
1 043 600,00 €
Latest accounts
31/12/2025
Average workforce
10,5 ETP
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities70200Management consultancy activities70220Business and other management consultancy activities74203Photographic activities74142Specialised design activities+2
Joint committees (1)
  • 200
Signals
Healthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201820172016201520142013
Income statement
Gross margin280,6 k €252,1 k €158,3 k €57,5 k €-58,9 k €10,8 k €-47,6 k €-125,4 k €68,7 k €10 k €10,4 k €31,4 k €29 k €-3,9 k €
EBITDA-392,7 k €-393,6 k €-339,4 k €-266,7 k €-219,9 k €-74,4 k €-47,9 k €-438,9 k €68 k €9,6 k €9,8 k €30,8 k €28,2 k €-4,7 k €
Operating result-963,5 k €-1,1 M €-898,4 k €-720 k €-527,1 k €-270,5 k €-47,9 k €-438,9 k €68 k €9,6 k €9,8 k €30,8 k €28,2 k €-4,7 k €
Net result-1 M €-1,1 M €-925,3 k €-731,4 k €-532,9 k €-272,2 k €-48,8 k €-439,4 k €44 k €5,5 k €4,7 k €27,4 k €22,8 k €-9 k €
Balance sheet
Equity-3,9 M €-2,9 M €-1,8 M €-920,8 k €-1,1 M €-531,5 k €-259,3 k €-210,4 k €229 k €185 k €179,5 k €174,8 k €147,3 k €124,5 k €
Total assets1,1 M €1,2 M €1,3 M €2,1 M €1,1 M €797,6 k €690,9 k €358,6 k €478,1 k €491,5 k €475,6 k €490,3 k €443,9 k €443,8 k €
Cash4,1 k €34 k €3,6 k €701,1 k €2,1 k €6,3 k €66,7 k €2,5 k €872 €401,2 €–6,8 €––
Debts5 M €4,1 M €3,2 M €3 M €2,1 M €1,3 M €950,1 k €568,9 k €249,1 k €306,5 k €295,7 k €315,5 k €292,5 k €314,9 k €
Other
Workforce10,5 ETP10,4 ETP8,2 ETP5,3 ETP2,8 ETP1,5 ETP––––––––
Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 12 ended

Active mandates

Dominique DUHAYON

Director · since 28 octobre 2022 · until 07 juin 2028

Active
Dominique DUHAYON

Managing director · since 28 octobre 2022

Active
Jean-Pascal LABILLE

Director · since 28 octobre 2022 · until 07 juin 2028

Active
Juan RIZZO DI CARLO

Director · since 28 octobre 2022 · until 07 juin 2028

Active
Juan RIZZO DI CARLO

Managing director · since 28 octobre 2022

Active
Laurent WERNIC

Director · since 28 octobre 2022 · until 07 juin 2028

Active
Salvatore RIZZO

Director · since 28 octobre 2022 · until 07 juin 2028

Active

Ended mandates

Dominique DUHAYON

Director · since 30 juin 2020 · until 05 juin 2024

Ended
JSR CONSULT

Managing director · since 21 décembre 2018 · until 05 juin 2024 · 0806.884.305

Represented by Salvatore RIZZO

Ended
JSR CONSULT

Managing director · since 21 décembre 2018 · until 28 octobre 2022 · 0806.884.305

Represented by Salvatore RIZZO

Ended
JSR CONSULT

Managing director · since 21 décembre 2018 · until 05 juin 2024 · 0806.884.305

Represented by Salvatore RIZZO

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/07/202611/07/202520/06/202429/06/202330/06/202225/06/2021
General meeting24/06/202604/06/202505/06/202405/06/202301/06/202223/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202524/06/202602/07/2026FrenchPDF
Abridged model31/12/202404/06/202511/07/2025FrenchPDF
Abridged model31/12/202305/06/202420/06/2024FrenchPDF
Abridged model31/12/202205/06/202329/06/2023FrenchPDF
Abridged model31/12/202101/06/202230/06/2022FrenchPDF
Abridged model31/12/202023/06/202125/06/2021FrenchPDF
Abridged model31/12/201930/06/202010/07/2020FrenchPDF
Abridged model31/12/201805/06/201905/07/2019FrenchPDF
Abridged model31/03/201828/09/201815/10/2018FrenchPDF
Abridged model31/03/201729/03/201818/04/2018FrenchPDF
Abridged model31/03/201614/10/201627/10/2016FrenchPDF
Abridged model31/03/201523/10/201527/10/2015FrenchPDF
Abridged model31/03/201419/12/201421/01/2015FrenchPDF
Abridged model31/03/201309/10/201422/10/2014FrenchPDF
Estimate

Indicative valuation

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 · 7 active · 12 ended

Active mandates

Dominique DUHAYON

Director · since 28 octobre 2022 · until 07 juin 2028

Active
Dominique DUHAYON

Managing director · since 28 octobre 2022

Active
Jean-Pascal LABILLE

Director · since 28 octobre 2022 · until 07 juin 2028

Active
Juan RIZZO DI CARLO

Director · since 28 octobre 2022 · until 07 juin 2028

Active
Juan RIZZO DI CARLO

Managing director · since 28 octobre 2022

Active
Laurent WERNIC

Director · since 28 octobre 2022 · until 07 juin 2028

Active
Salvatore RIZZO

Director · since 28 octobre 2022 · until 07 juin 2028

Active

Ended mandates

Dominique DUHAYON

Director · since 30 juin 2020 · until 05 juin 2024

Ended
JSR CONSULT

Managing director · since 21 décembre 2018 · until 05 juin 2024 · 0806.884.305

Represented by Salvatore RIZZO

Ended
JSR CONSULT

Managing director · since 21 décembre 2018 · until 28 octobre 2022 · 0806.884.305

Represented by Salvatore RIZZO

Ended
JSR CONSULT

Managing director · since 21 décembre 2018 · until 05 juin 2024 · 0806.884.305

Represented by Salvatore RIZZO

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/01/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Other23/04/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS
    PDF
  • Mandates02/10/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/11/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/08/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/07/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/07/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION - OBJET
    PDF
  • Mandates27/12/2018
    DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    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

Timeline

  1. 2025
    Annual accounts 2025-1 M €↑
  2. 2024
    Annual accounts 2024-1,1 M €↓
  3. 2023
    Annual accounts 2023-925,3 k €↓
  4. 2022
    Annual accounts 2022-731,4 k €↓
  5. 2021
    Annual accounts 2021-532,9 k €↓
  6. 2020
    Annual accounts 2020-272,2 k €↓
  7. 2020
    Name changeMASANA
  8. 2019
    Annual accounts 2019-48,8 k €↑
  9. 2018
    Annual accounts 2018-439,4 k €↓
  10. 2018
    Annual accounts 201844 k €↑
  11. 2017
    Annual accounts 20175,5 k €↑
  12. 2016
    Annual accounts 20164,7 k €↓
  13. 2015
    Annual accounts 201527,4 k €↑
  14. 2014
    Annual accounts 201422,8 k €↑
  15. 2013
    Annual accounts 2013-9 k €
  16. 2013
    Name changeDOMOTECH DEVELOPMENT
  17. 04/05/2006
    IncorporationPublic limited company