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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
MASSIN from Nivelles, company number BE0414058059, closed financial year 2025 with a result of € 1.7 million after tax. For that financial year MASSIN recorded a gross margin of € 1,213 and equity of € 828,492. Compared with financial year 2024, the result moved from € 2 million to € 1.7 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 10, 2026.
€ 828,492
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.7 million
▼ 14% vs 2024
Profit after tax over the fiscal year.
€ 6,136
▼ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.7 million paid out
100 % of the profit went to the shareholders, mostly to Grando-Massin Holding (100 % of the shares). That is where the money ends up.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 693
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | - | € 825 | € -332 | € 1,213 | ▲ € 1,545 |
| Profit after taxes | € 9,073 | € 599,542 | € 1,999,449 | € 1,710,115 | ▼ 14% |
| Equity | € 754,388 | € 813,929 | € 823,378 | € 828,492 | ▲ 1% |
| Total debts | € 5,792 | € 542,571 | € 1,992,405 | € 2,038,693 | ▲ 2% |
| Cash | € 12,131 | € 8,452 | € 7,734 | € 6,136 | ▼ 21% |
| Retained profit | € 34,388 | € 93,929 | € 103,378 | € 108,492 | ▲ 5% |
| Dividend | € 0 | € 540,000 | € 1,990,000 | € 1,705,000 | ▼ 14% |
| Balance sheet total | € 760,180 | € 1,356,500 | € 2,815,783 | € 2,867,185 | ▲ 2% |
Key figures of MASSIN, 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 MASSIN?
What happened at MASSIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Eric STRUIK stepped down as director. NBB
- Hugues CALLENS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.7 million (▼ 14% vs 2024). Source: NBB ↗
- Hugues CALLENS became a director. NBB
- Eric STRUIK became a director. NBB
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,073 profit in 2022 to € 1.7 million profit in 2025.
Paid € 3,239 in corporate taxes since 2022.
Best year ever: 2024, with € 2 million profit.
Paid out € 4.2 million in dividends to the owners in total.
Management
The stake of Grando-Massin Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MASSINThe shares are held by Grando-Massin Holding (100%). It owns 100% of BOYD NIVELLES itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2027
Eric STRUIK
Director
since 2021 · until 2027
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Rue du Commerce 14
1400 Nivelles
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0414.058.059
- VAT number
- BE 0414.058.059
- Registered office
- Rue du Commerce 14, 1400 Nivelles
- Names & denominations
- MASSIN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 July 1974
- Peppol
- Active · Active since 1 Jan 2001