Masser is a heating and ventilation installer in Kortenberg. Public Limited, started on 15 January 1948, 1 establishment.

What is the address of Masser?

The registered office of Masser is located at Nederokkerzeelsesteenweg 6, 3071 Kortenberg.

Is Masser still active?

Yes. According to the CBE (30 October 2026) Masser is active, legal situation “Normale toestand”, started on 15 January 1948.

Is Masser registered on Peppol?

Yes, Masser is registered on the Peppol network with ID 0208:0401903959.

What is the enterprise number of Masser?

The enterprise number of Masser is BE0401903959.

When was Masser founded?

Masser was founded on 15 January 1948.

Who are the directors of Masser?

According to the 2025 annual accounts, the directors of Masser are: Nathalie Boes, Olivier Braekers, BRAEBO SARL.

Is Masser a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 January 1948; 4 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did Masser make in 2025?

Masser posted a profit after taxes of € 170,471 in financial year 2025.

What is the revenue of Masser?

As a small company, Masser is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 947,463.

How much does an employee at Masser earn?

The average wage cost per full-time employee at Masser was € 45,700 in 2025: staff costs of € 617,270 for 13.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Masser have?

According to the 2025 annual accounts, Masser has 13.5 full-time equivalents (FTE).

Does Masser have a website?

Yes, Masser has a website at masser.be.

Masser (Public Limited) - Kortenberg - BE0401903959

Dossier Masser, printed on 30 October 2026 from databakkes.be/en/0401903959/masser. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Masser from Kortenberg, company number BE0401903959, closed financial year 2025 with a result of € 170,471 after tax. For that financial year Masser recorded a gross margin of € 947,463 and equity of € 2.3 million. Compared with financial year 2024, the result moved from € 18,351 to € 170,471. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.

What it is worth Growing

€ 2.3 million

▲ 8% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 170,471

▲ € 152,120 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 628,129

▲ 68% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 2.2 million.

People and assets in 2025

Full-time equivalents

13.5

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 617,270

▼ 20% vs 2024

€ 45,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 7,773

▼ 48% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 18,346

▼ 32% vs 2024

€ 8,987 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 121,953

▼ 28% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 169,151

▲ 31% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 1,116,065 Gross margin 2022: € 1,116,065 First fiscal year in the series	€ 851,145 Gross margin 2023: € 851,145 ▼ 24% vs 2022 (€ 1,116,065) Unfavourable step	€ 871,867 Gross margin 2024: € 871,867 ▲ 2% vs 2023 (€ 851,145) Favourable step	€ 947,463 Gross margin 2025: € 947,463 ▲ 9% vs 2024 (€ 871,867) Favourable step	▲ 9%
Profit after taxes	€ 254,454 Profit after taxes 2022: € 254,454 First fiscal year in the series	€ 95,867 Profit after taxes 2023: € 95,867 ▼ 62% vs 2022 (€ 254,454) Unfavourable step	€ 18,351 Profit after taxes 2024: € 18,351 ▼ 81% vs 2023 (€ 95,867) Unfavourable step	€ 170,471 Profit after taxes 2025: € 170,471 ▲ € 152,120 vs 2024 (€ 18,351) Favourable step	▲ € 152,120
Equity	€ 2,040,314 Equity 2022: € 2,040,314 First fiscal year in the series	€ 2,136,181 Equity 2023: € 2,136,181 ▲ 5% vs 2022 (€ 2,040,314) Favourable step	€ 2,154,531 Equity 2024: € 2,154,531 ▲ 1% vs 2023 (€ 2,136,181) Favourable step	€ 2,325,002 Equity 2025: € 2,325,002 ▲ 8% vs 2024 (€ 2,154,531) Favourable step	▲ 8%
Total debts	€ 748,677 Total debts 2022: € 748,677 First fiscal year in the series	€ 755,152 Total debts 2023: € 755,152 ▲ 1% vs 2022 (€ 748,677) Unfavourable step	€ 336,455 Total debts 2024: € 336,455 ▼ 55% vs 2023 (€ 755,152) Favourable step	€ 312,851 Total debts 2025: € 312,851 ▼ 7% vs 2024 (€ 336,455) Favourable step	▼ 7%
Cash	€ 697,809 Cash 2022: € 697,809 First fiscal year in the series	€ 797,306 Cash 2023: € 797,306 ▲ 14% vs 2022 (€ 697,809) Favourable step	€ 374,344 Cash 2024: € 374,344 ▼ 53% vs 2023 (€ 797,306) Unfavourable step	€ 628,129 Cash 2025: € 628,129 ▲ 68% vs 2024 (€ 374,344) Favourable step	▲ 68%
Retained profit	€ 1,916,364 Retained profit 2022: € 1,916,364 First fiscal year in the series	€ 2,012,231 Retained profit 2023: € 2,012,231 ▲ 5% vs 2022 (€ 1,916,364) Favourable step	€ 2,030,581 Retained profit 2024: € 2,030,581 ▲ 1% vs 2023 (€ 2,012,231) Favourable step	€ 2,201,052 Retained profit 2025: € 2,201,052 ▲ 8% vs 2024 (€ 2,030,581) Favourable step	▲ 8%
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 0 Bank debt 2023: € 0 Unchanged (€ 0) Unchanged	€ 26,975 Bank debt 2024: € 26,975 Unchanged (€ 0) Unfavourable step	€ 18,346 Bank debt 2025: € 18,346 ▼ 32% vs 2024 (€ 26,975) Favourable step	▼ 32%
Balance sheet total	€ 2,838,991 Balance sheet total 2022: € 2,838,991 First fiscal year in the series	€ 2,941,332 Balance sheet total 2023: € 2,941,332 ▲ 4% vs 2022 (€ 2,838,991) Unchanged	€ 2,490,987 Balance sheet total 2024: € 2,490,987 ▼ 15% vs 2023 (€ 2,941,332) Unchanged	€ 2,637,852 Balance sheet total 2025: € 2,637,852 ▲ 6% vs 2024 (€ 2,490,987) Unchanged	▲ 6%
Employees (FTE)	15 Employees (FTE) 2022: 15 First fiscal year in the series	0 Employees (FTE) 2023: 0 ▼ 15 vs 2022 (15) Unchanged	0 Employees (FTE) 2024: 0 Unchanged (0) Unchanged	13.5 Employees (FTE) 2025: 13.5 Unchanged (0) Unchanged

Key figures of Masser, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to Masser?

What happened at Masser in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2026 Nathalie Boes stepped down as director. NBB
2026 Olivier Braekers stepped down as director. NBB
2026 BRAEBO SARL stepped down as director. NBB
Jan 30, 2026 New annual accounts for financial year 2025: profit of € 170,471 (▲ € 152,120 vs 2024). Source: NBB ↗
2020 Nathalie Boes became a director. NBB
2020 Olivier Braekers became a director. NBB
2020 BRAEBO SARL became a director. NBB
Jan 15, 1948 Start of the company according to the CBE. KBO

In short

From € 254,454 profit in 2022 to € 170,471 profit in 2025.

Paid € 276,907 in corporate taxes since 2022.

Best year ever: 2022, with € 254,454 profit.

On average € 70,200 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

Nathalie Boes

Director

Also active at: MASELEC

since 2020 · until 2026

Olivier Braekers

Managing director

since 2020 · until 2026

BRAEBO SARL

Director · represented by Olivier Braekers

Also active at: MASELEC

since 2020 · until 2026

Establishments

Establishment units

Physical locations of this company

Registered office

Nederokkerzeelsesteenweg 6

3071 Kortenberg

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

TRANSPORTS VANDEROEL

MASELEC same network

€ 117,834 gross margin · 2025

CHALOUBETH

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS masser.be

Canonical: https://www.masser.be/

Technologies

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Hosting & Email

Email provider

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Hosting

LEVEL27-AS * Please direct all complaints to [email protected] *, BE

Website info

HTTPS Ja

Languages FR, NL

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Details

Company number

0401.903.959

VAT number

BE 0401.903.959

Registered office

Nederokkerzeelsesteenweg 6, 3071 Kortenberg

Names & denominations

Masser

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

15 January 1948

Peppol

Active · Active since 20 Nov 2020

Contact

masser.be [email protected] 02/5202691

Activities · NACE

Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit

Installatie van verwarming, klimaatregeling en ventilatie

View on CBE Public ↗ Annual accounts (NBB) ↗

Masser

Financials

What happened to Masser?

Management

Directors

Establishments

Establishment units

Who else lives here?

Website

Technologies

Hosting & Email

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