ACTIVE

MASGROEP

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Financial year 2025 · closed on 31/12/2025

Net result

44 k €

+11.4% YoY

Gross margin

487,6 k €

+194.2% YoY

Equity

1,1 M €

+4.0% YoY

What does MASGROEP do?

MASGROEP is a Private limited company incorporated in 2008. Its main activity is: Management consultancy activities. Its registered office is in Poperinge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0896.738.472

Incorporation

27/03/2008

Legal form

Private limited company

Registered office

Ieperseweg 16
8970 Poperinge · FlandreSee on map

Contributed capital

50 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 55203Holiday and other short-stay accommodation 55204Holiday and other short-stay accommodation

Joint committees (2)

Contacts

4 public details availableLog in to view

Signals

ProfitablePositive 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	487,6 k €	+194%	165,7 k €	+6.7%	155,3 k €	-58.2%	371,8 k €	-19.2%	460,3 k €	+3.7%	443,8 k €	+16.8%	379,9 k €	+1.3%	375,1 k €	-4.7%	393,7 k €	-1.0%	397,7 k €		–		–		–		–		–		–		126,4 k €	-18.3%	154,7 k €
EBITDA	425,7 k €	+296%	107,4 k €	+19.6%	89,8 k €	-54.6%	197,6 k €	-25.7%	265,9 k €	+4.2%	255,2 k €	+10.9%	230 k €	-1.6%	233,8 k €	-7.1%	251,7 k €	+4.1%	241,8 k €	+10.7%	218,5 k €	-7.7%	236,8 k €	-9.7%	262,3 k €	+16.4%	225,3 k €	-17.6%	273,4 k €	+70.9%	159,9 k €	+82.0%	87,9 k €	-33.5%	132,1 k €
Operating result	107,1 k €	+1.9%	105,1 k €	+34.9%	77,9 k €	+808%	8,6 k €	-94.7%	161,3 k €	+22.5%	131,7 k €	+13.1%	116,4 k €	+0.9%	115,3 k €	-13.9%	133,9 k €	+8.0%	124 k €	+22.6%	101,1 k €	-21.9%	129,5 k €	-9.3%	142,8 k €	+31.9%	108,3 k €	-36.1%	169,4 k €	+106%	82,1 k €	+299%	20,6 k €	+146%	-44,7 k €
Net result	44 k €	+11.4%	39,5 k €	+7.7%	36,7 k €	+700%	4,6 k €	-96.3%	124,9 k €	+17.8%	106 k €	+16.2%	91,2 k €	-1.0%	92,2 k €	-8.5%	100,7 k €	+7.0%	94,2 k €	+26.1%	74,7 k €	-20.2%	93,6 k €	-7.3%	101 k €	+32.6%	76,2 k €	-38.3%	123,4 k €	+48.4%	83,2 k €	+353%	-32,8 k €	+61.3%	-84,8 k €
Balance sheet
Equity	1,1 M €	+4.0%	1,1 M €	+3.7%	1,1 M €	+3.6%	1 M €	+0.5%	1 M €	+14.1%	888,7 k €	+13.5%	782,7 k €	+13.2%	691,5 k €	+15.4%	599,3 k €	+20.2%	498,6 k €	+23.3%	404,4 k €	+22.7%	329,7 k €	+4.3%	316,1 k €	+46.9%	215,1 k €	+54.8%	138,9 k €	+793%	15,6 k €	+123%	-67,6 k €	-94.3%	-34,8 k €
Total assets	5,3 M €	+6.1%	5 M €	+7.3%	4,6 M €	-3.9%	4,8 M €	+11.3%	4,3 M €	-10.5%	4,8 M €	-4.5%	5,1 M €	+1.2%	5 M €	-0.0%	5 M €	-2.5%	5,1 M €	-1.7%	5,2 M €	+2.4%	5,1 M €	+2.1%	5 M €	+7.6%	4,6 M €	+5.3%	4,4 M €	+17.0%	3,8 M €	+6.5%	3,5 M €	+154%	1,4 M €
Cash	668,9 k €	+603%	95,2 k €	-59.8%	237,1 k €	-21.6%	302,4 k €	-22.1%	388,2 k €	-16.9%	467,1 k €	+76.7%	264,3 k €	+4.4%	253,1 k €	+86.7%	135,6 k €	-11.3%	152,8 k €	-25.0%	203,8 k €	+35.0%	151 k €	+45.3%	103,9 k €	+17.7%	88,3 k €	-50.9%	179,6 k €	+109%	85,9 k €	-68.5%	272,9 k €	+230%	82,6 k €
Debts	4,1 M €	+14.1%	3,6 M €	+8.9%	3,3 M €	-6.3%	3,5 M €	+15.7%	3,1 M €	-17.1%	3,7 M €	-8.3%	4 M €	-0.7%	4,1 M €	-2.3%	4,2 M €	-5.3%	4,4 M €	-4.0%	4,6 M €	+1.0%	4,5 M €	+2.1%	4,4 M €	+6.0%	4,2 M €	+3.9%	4 M €	+14.7%	3,5 M €	+4.3%	3,4 M €	+185%	1,2 M €
Other
Workforce	–		0,0 ETP	-100%	0,2 ETP	-90.0%	2,0 ETP	-16.7%	2,4 ETP	-7.7%	2,6 ETP	+30.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-20.0%	2,5 ETP	+4.2%	2,4 ETP	+20.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+900%	0,2 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 · 4 ended

Active mandates

Ann Masselus

Director · since 26 mars 2008

Active

Jurgen Masselus

Director · since 26 mars 2008

Active

Ended mandates

Ann Masselus

Director

Ended

Ann Masselus

Manager

Ended

Jurgen Masselus

Director

Ended

Jurgen Masselus

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro 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	02/07/2026	17/07/2025	02/07/2024	11/07/2023	22/07/2022	23/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	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

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	17/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	02/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	11/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	22/07/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	23/07/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	17/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	05/07/2019	Dutch	PDF
Abridged model	31/12/2017	31/08/2018	21/09/2018	Dutch	PDF
Abridged model	31/12/2016	04/08/2017	29/08/2017	Dutch	PDF
Full model	31/12/2015	21/09/2016	23/09/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	27/07/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	10/07/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	19/07/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	20/07/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	03/07/2009	Dutch	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 · 4 ended

Active mandates

Ann Masselus

Director · since 26 mars 2008

Active

Jurgen Masselus

Director · since 26 mars 2008

Active

Ended mandates

Ann Masselus

Director

Ended

Ann Masselus

Manager

Ended

Jurgen Masselus

Director

Ended

Jurgen Masselus

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other24/12/2025
DOEL
PDF
Registered office19/03/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other08/04/2008
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 202544 k €↑
2024
Annual accounts 202439,5 k €↑
2023
Annual accounts 202336,7 k €↑
2022
Annual accounts 20224,6 k €↓
2021
Annual accounts 2021124,9 k €↑
2020
Annual accounts 2020106 k €↑
2019
Annual accounts 201991,2 k €↓
2018
Annual accounts 201892,2 k €↓
2017
Annual accounts 2017100,7 k €↑
2016
Annual accounts 201694,2 k €↑
2015
Annual accounts 201574,7 k €↓
2014
Annual accounts 201493,6 k €↓
2013
Annual accounts 2013101 k €↑
2012
Annual accounts 201276,2 k €↓
2011
Annual accounts 2011123,4 k €↑
2010
Annual accounts 201083,2 k €↑
2009
Annual accounts 2009-32,8 k €↑
2008
Annual accounts 2008-84,8 k €
27/03/2008
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

MASGROEP

Overview

What does MASGROEP do?

Trend over 18 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