Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MASABI from Ravels, company number BE0403763389, closed financial year 2025 with a result of € 265,156 after tax. For that financial year MASABI recorded a gross margin of € 1 million and equity of € 3.7 million. Compared with financial year 2024, the result moved from € 566,386 to € 265,156. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 3.7 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 265,156
▼ 53% vs 2024
Profit after tax over the fiscal year.
€ 111,962
▼ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 510,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 3.4 million
▼ 9% vs 2024
€ 337,696 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 22,863
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,674
▼ 17% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,379,476 | € 978,452 | € 795,043 | € 1,006,386 | ▲ 27% |
| Profit after taxes | € 505,954 | € 1,837,602 | € 566,386 | € 265,156 | ▼ 53% |
| Equity | € 2,764,823 | € 3,526,604 | € 4,032,168 | € 3,726,502 | ▼ 8% |
| Total debts | € 6,519,581 | € 5,234,728 | € 3,919,830 | € 3,739,515 | ▼ 5% |
| Cash | € 407,484 | € 536,556 | € 183,016 | € 111,962 | ▼ 39% |
| Land & buildings | € 1,919,651 | € 1,773,249 | € 1,626,846 | € 1,480,444 | ▼ 9% |
| Retained profit | € 1,778,244 | € 2,600,846 | € 3,167,232 | € 2,922,389 | ▼ 8% |
| Dividend | € 160,000 | € 1,000,000 | € 0 | € 510,000 | |
| Bank debt | € 6,225,354 | € 4,042,511 | € 3,711,439 | € 3,377,082 | ▼ 9% |
| Balance sheet total | € 9,284,405 | € 8,761,332 | € 7,951,998 | € 7,466,017 | ▼ 6% |
| Employees (FTE) | 1 | 0.9 | - | - |
Key figures of MASABI, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MASABI?
What happened at MASABI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 265,156 (▼ 53% vs 2024). Source: NBB ↗
- New establishment in Ravels. KBO
- Start of the company according to the CBE. KBO
In short
From € 505,954 profit in 2022 to € 265,156 profit in 2025.
Paid € 129,557 in corporate taxes since 2022.
Best year ever: 2023, with € 1.8 million profit.
On average € 1.4 million of value added per employee in 2022.
Management
The stake of ORENS BEHEER, 'T HUISJE AAN DE WATERKANT, CHAPUNGU BEHEER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MASABIBehind MASABI are FLANDERS INTERIORS, Chapungu Beheer and 't Huisje aan de Waterkant. The shares are held by ORENS BEHEER (45%), 'T HUISJE AAN DE WATERKANT (20%) and CHAPUNGU BEHEER (10%). It owns 100% of Immo Global itself.
Directors
According to the 2025 annual accounts
Director · represented by ILSE VAN DER VOORT
Also active at: MASABI CAPITAL, IMMO GLOBAL
Director · represented by Margareta De Wolf
Also active at: MASABI CAPITAL, IMMO GLOBAL, BELIMAR
Director · represented by Ilse Van der Voort
Also active at: CALLISTO INVEST, ANTLIA INVEST, ELTI MANAGEMENT
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Polderstraat 34
2381 Ravels
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →CEFIAC - CENTRUM VOOR FISCALITEIT EN ACCOUNTANCY
€ 228,694 gross margin · 2025
Tecno-Dis
€ -88 gross margin · 2025
BEDRIJVENCENTRUM MERKSPLAS
€ 118,903 gross margin · 2025
MASABI CAPITAL same network
€ -88 gross margin · 2025
IMMO GLOBAL same network
€ 193,180 gross margin · 2025
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.763.389
- VAT number
- BE 0403.763.389
- Registered office
- Polderstraat 34, 2381 Ravels
- Names & denominations
- MASABI · HUUR²
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 January 1955
- Peppol
- Active · Active since 10 Feb 2026
- Activities · NACE
Productie van elektriciteit uit niet-hernieuwbare bronnen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Distributie van elektriciteit