ACTIVE

MASSAGRI

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Financial year 2025 · closed on 31/12/2025

Net result

78,1 k €

-34.2% YoY

Gross margin

264 k €

-10.6% YoY

Equity

564,1 k €

+16.1% YoY

Workforce

0,6 ETP

0.0% YoY

What does MASSAGRI do?

MASSAGRI is a Private limited company incorporated in 2007. Its main activity is: Wholesale of grain, unmanufactured tobacco, seeds and animal feeds. Its registered office is in Verlaine. It employs on average 0,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0892.245.392

Incorporation

24/09/2007

Legal form

Private limited company

Registered office

Rue des Croisettes(VER) 83
4537 Verlaine · WallonieSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Average workforce

0,6 ETP

Activities (NACE)

46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds· main 46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 46751Wholesale of chemical products 46851Wholesale trade, except of motor vehicles and motorcycles 51550Air transport 46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds+5

Joint committees (3)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	264 k €	-10.6%	295,2 k €	-46.8%	554,6 k €	-35.4%	858,1 k €	+127%	377,7 k €	+57.9%	239,2 k €	+138%	100,4 k €	-44.9%	182,1 k €	-13.3%	210,1 k €	-10.9%	235,9 k €	+70.4%	138,4 k €	-28.4%	193,3 k €	+116%	89,4 k €	+319%	-40,7 k €	-131%	132,7 k €	-42.7%	231,7 k €	-62.5%	618,6 k €	+31.1%	471,9 k €
EBITDA	211,1 k €	-9.1%	232,3 k €	-51.1%	474,6 k €	-40.6%	798,5 k €	+139%	333,7 k €	+87.5%	178 k €	+387%	-61,9 k €	-145%	139,1 k €	+13.6%	122,5 k €	+29.4%	94,7 k €	+20.2%	78,8 k €	-50.6%	159,4 k €	+157%	62,1 k €	+199%	-62,8 k €	-156%	112,1 k €	-47.1%	212,1 k €	-64.6%	599,8 k €	+30.3%	460,5 k €
Operating result	143,5 k €	-15.4%	169,5 k €	-60.1%	424,5 k €	-41.6%	726,6 k €	+184%	256 k €	+136%	108,4 k €	+133%	-330,4 k €	-904%	41,1 k €	+56.0%	26,3 k €	-63.0%	71,1 k €	+133%	30,5 k €	-73.7%	115,9 k €	+128%	50,8 k €	+165%	-78,5 k €	-179%	99,7 k €	-51.4%	205 k €	-65.2%	589,5 k €	+30.9%	450,5 k €
Net result	78,1 k €	-34.2%	118,8 k €	-59.4%	292,7 k €	-44.2%	524,3 k €	+140%	218,5 k €	+140%	90,9 k €	+126%	-347,6 k €	-1651%	22,4 k €	+106%	10,9 k €	-76.7%	46,8 k €	+237%	13,9 k €	-80.4%	70,9 k €	+75.4%	40,4 k €	+149%	-82,4 k €	-211%	74,3 k €	-43.4%	131,4 k €	-65.5%	380,7 k €	+32.0%	288,3 k €
Balance sheet
Equity	564,1 k €	+16.1%	486 k €	+20.8%	402,2 k €	+19.2%	337,5 k €	+98.4%	170,1 k €	+176%	61,6 k €	+197%	20,7 k €	-96.6%	618,4 k €	+3.8%	595,9 k €	+1.9%	585 k €	+8.7%	538,2 k €	+2.6%	524,3 k €	+15.6%	453,4 k €	+9.8%	413 k €	-26.5%	562 k €	+0.7%	558,3 k €	+30.8%	426,9 k €	+152%	169,7 k €
Total assets	2 M €	+10.6%	1,8 M €	-7.4%	1,9 M €	-13.3%	2,2 M €	+25.3%	1,8 M €	+2.7%	1,7 M €	+0.1%	1,7 M €	-20.5%	2,2 M €	+10.1%	2 M €	+57.6%	1,3 M €	+47.9%	846,6 k €	-25.4%	1,1 M €	+61.4%	703,1 k €	-16.5%	842,3 k €	-3.5%	872,4 k €	+21.3%	719,3 k €	-7.4%	776,7 k €	+19.5%	650 k €
Cash	84,7 k €	-31.3%	123,4 k €	-83.1%	728,6 k €	+77.5%	410,4 k €	+45.6%	281,9 k €	+106%	137 k €	-50.7%	278 k €	+27.2%	218,6 k €	+423%	41,8 k €	-54.4%	91,5 k €	+16.9%	78,3 k €	+18.5%	66,1 k €	+421%	12,7 k €	-79.5%	61,9 k €	+102%	30,6 k €	-87.9%	252,1 k €	+87.4%	134,5 k €	+197%	45,2 k €
Debts	1,4 M €	+8.5%	1,3 M €	-14.8%	1,5 M €	-19.2%	1,9 M €	+17.6%	1,6 M €	-3.7%	1,7 M €	-2.3%	1,7 M €	+9.8%	1,6 M €	+12.7%	1,4 M €	+107%	665,9 k €	+116%	308 k €	-49.5%	610,3 k €	+145%	249,4 k €	-41.9%	429,3 k €	+40.2%	306,2 k €	+90.1%	161 k €	-53.9%	349,7 k €	-27.2%	480,2 k €
Other
Workforce	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	-14.3%	0,7 ETP	-56.3%	1,6 ETP	+6.7%	1,5 ETP	+36.4%	1,1 ETP		–		–		1,0 ETP	0.0%	1,0 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 · 2 active · 5 ended

Active mandates

GENERALIS

Director · since 17 janvier 2019 · 0524.981.717

Represented by Thibault MASSA

Active

Bernard MASSA

Director · since 24 septembre 2007

Active

Ended mandates

GENERALIS

Manager · since 17 janvier 2019 · 0524.981.717

Represented by Thibault MASSA

Ended

GENERALIS

Director · since 17 janvier 2019 · 0524.981.717

Represented by Thibault MASSA

Ended

Thibault MASSA

Manager · since 01 février 2018 · until 17 janvier 2019

Ended

Ann MASSA

Manager · since 01 avril 2017 · until 01 juillet 2018

Ended

At this address

Other companies at this address

Company	CBE no.
GRAHAM● Active	0430.435.520
LIEBEN-RASKINET● Active	0832.999.376
SODEMOL● Active	0725.489.625

Annual accounts

Full financial information

	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	29/07/2026	31/07/2025	31/07/2024	31/07/2023	28/07/2022	09/09/2021
General meeting	16/02/2026	17/02/2025	19/02/2024	20/02/2023	20/06/2022	21/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/02/2026	29/07/2026	French	PDF
Abridged model	31/12/2024	17/02/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	19/02/2024	31/07/2024	French	PDF
Abridged model	31/12/2022	20/02/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	20/06/2022	28/07/2022	French	PDF
Abridged model	31/12/2020	21/06/2021	09/09/2021	French	PDF
Abridged model	31/12/2019	15/06/2020	28/09/2020	French	PDF
Abridged model	31/12/2018	17/06/2019	29/07/2019	French	PDF
Abridged model	31/12/2017	18/06/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	19/06/2017	19/07/2017	French	PDF
Abridged model	31/12/2015	13/06/2016	29/06/2016	French	PDF
Abridged modelCorrection	31/12/2014	15/06/2015	31/07/2015	French	PDF
Abridged model	31/12/2014	15/06/2015	17/07/2015	French	PDF
Abridged modelCorrection	31/12/2013	16/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2013	16/06/2014	04/07/2014	French	PDF
Abridged model	31/12/2012	17/06/2013	22/07/2013	French	PDF
Abridged model	31/12/2011	18/06/2012	30/06/2012	French	PDF
Abridged model	31/12/2010	20/06/2011	11/07/2011	French	PDF
Abridged model	31/12/2009	21/06/2010	23/06/2010	French	PDF
Abridged model	31/12/2008	15/06/2009	24/06/2009	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 · 2 active · 5 ended

Active mandates

GENERALIS

Director · since 17 janvier 2019 · 0524.981.717

Represented by Thibault MASSA

Active

Bernard MASSA

Director · since 24 septembre 2007

Active

Ended mandates

GENERALIS

Manager · since 17 janvier 2019 · 0524.981.717

Represented by Thibault MASSA

Ended

GENERALIS

Director · since 17 janvier 2019 · 0524.981.717

Represented by Thibault MASSA

Ended

Thibault MASSA

Manager · since 01 février 2018 · until 17 janvier 2019

Ended

Ann MASSA

Manager · since 01 avril 2017 · until 01 juillet 2018

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/12/2022
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office28/11/2019
SIEGE SOCIAL
PDF
Mandates28/02/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates16/08/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates27/02/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates18/07/2017
DEMISSIONS, NOMINATIONS
PDF
Registered office14/10/2014
SIEGE SOCIAL
PDF
Other26/09/2007
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 202578,1 k €↓
2024
Annual accounts 2024118,8 k €↓
2023
Annual accounts 2023292,7 k €↓
2022
Annual accounts 2022524,3 k €↑
2021
Annual accounts 2021218,5 k €↑
2020
Annual accounts 202090,9 k €↑
2019
Annual accounts 2019-347,6 k €↓
2018
Annual accounts 201822,4 k €↑
2017
Annual accounts 201710,9 k €↓
2016
Annual accounts 201646,8 k €↑
2015
Annual accounts 201513,9 k €↓
2014
Annual accounts 201470,9 k €↑
2013
Annual accounts 201340,4 k €↑
2012
Annual accounts 2012-82,4 k €↓
2011
Annual accounts 201174,3 k €↓
2010
Annual accounts 2010131,4 k €↓
2009
Annual accounts 2009380,7 k €↑
2008
Annual accounts 2008288,3 k €
24/09/2007
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

MASSAGRI

Overview

What does MASSAGRI do?

Trend over 18 financial years

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