M.A.S. is registered with the CBE as active in: Boekhouders. Private Limited, started on 1 May 1981, 1 establishment.

What is the address of M.A.S.?

The registered office of M.A.S. is located at Kortrijksesteenweg 1190, 9051 Gent.

Is M.A.S. still active?

Yes. According to the CBE (29 October 2026) M.A.S. is active, legal situation “Normale toestand”, started on 1 May 1981.

Is M.A.S. registered on Peppol?

Yes, M.A.S. is registered on the Peppol network with ID 0208:0421526267.

What is the enterprise number of M.A.S.?

The enterprise number of M.A.S. is BE0421526267.

When was M.A.S. founded?

M.A.S. was founded on 1 May 1981.

Who are the directors of M.A.S.?

According to the 2025 annual accounts, the directors of M.A.S. are: Stefaan Haspeslagh.

Is M.A.S. a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 May 1981; 3 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did M.A.S. make in 2025?

M.A.S. recorded a loss after taxes of € 1,566 in financial year 2025.

What is the revenue of M.A.S.?

As a small company, M.A.S. is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 337,041.

How much does an employee at M.A.S. earn?

The average wage cost per full-time employee at M.A.S. was € 162,200 in 2024: staff costs of € 324,342 for 2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

M.A.S. (Private Limited) - Gent - BE0421526267

Dossier M.A.S., printed on 29 October 2026 from databakkes.be/en/0421526267/m-a-s. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

12 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

M.A.S. from Gent, company number BE0421526267, closed financial year 2025 with a result of € -1,566 after tax. For that financial year M.A.S. recorded a gross margin of € 337,041 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € -2,908 to € -1,566. The company made a loss. 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 December 26, 2025.

What it is worth Healthy

€ 1.3 million

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

Loss Caution

€ -1,566

▲ 46 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 129,879

▲ 48% vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 382,017.

People and assets in 2025

Wage cost

€ 170,839

▼ 47% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 46,129

▲ 19% vs 2024

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

Taxes and wages

€ 46,882

▲ 2% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2024	2025	Change 2024 → 2025
Gross margin	€ 276,663 Gross margin 2022: € 276,663 First fiscal year in the series	€ 549,929 Gross margin 2024: € 549,929 ▲ 99% vs 2022 (€ 276,663) Favourable step	€ 337,041 Gross margin 2025: € 337,041 ▼ 39% vs 2024 (€ 549,929) Unfavourable step	▼ 39%
Profit after taxes	€ -3,193 Profit after taxes 2022: € -3,193 First fiscal year in the series	€ -2,908 Profit after taxes 2024: € -2,908 ▲ € 285 vs 2022 (€ -3,193) Favourable step	€ -1,566 Profit after taxes 2025: € -1,566 ▲ € 1,341 vs 2024 (€ -2,908) Favourable step	▲ € 1,341
Equity	€ 1,036,020 Equity 2022: € 1,036,020 First fiscal year in the series	€ 1,279,687 Equity 2024: € 1,279,687 ▲ 24% vs 2022 (€ 1,036,020) Favourable step	€ 1,278,120 Equity 2025: € 1,278,120 Unchanged (€ 1,279,687) Unfavourable step
Total debts	€ 852,563 Total debts 2022: € 852,563 First fiscal year in the series	€ 939,229 Total debts 2024: € 939,229 ▲ 10% vs 2022 (€ 852,563) Unfavourable step	€ 948,786 Total debts 2025: € 948,786 ▲ 1% vs 2024 (€ 939,229) Unfavourable step	▲ 1%
Cash	€ 99,621 Cash 2022: € 99,621 First fiscal year in the series	€ 87,557 Cash 2024: € 87,557 ▼ 12% vs 2022 (€ 99,621) Unfavourable step	€ 129,879 Cash 2025: € 129,879 ▲ 48% vs 2024 (€ 87,557) Favourable step	▲ 48%
Land & buildings	€ 1,714,157 Land & buildings 2022: € 1,714,157 First fiscal year in the series	€ 2,013,423 Land & buildings 2024: € 2,013,423 ▲ 17% vs 2022 (€ 1,714,157) Unchanged	€ 1,591,938 Land & buildings 2025: € 1,591,938 ▼ 21% vs 2024 (€ 2,013,423) Unchanged	▼ 21%
Retained profit	€ 293,611 Retained profit 2022: € 293,611 First fiscal year in the series	€ 383,584 Retained profit 2024: € 383,584 ▲ 31% vs 2022 (€ 293,611) Favourable step	€ 382,017 Retained profit 2025: € 382,017 Unchanged (€ 383,584) Unfavourable step
Bank debt	€ 810,311 Bank debt 2022: € 810,311 First fiscal year in the series	€ 854,546 Bank debt 2024: € 854,546 ▲ 5% vs 2022 (€ 810,311) Unfavourable step	€ 0 Bank debt 2025: € 0 ▼ 100% vs 2024 (€ 854,546) Favourable step	▼ 100%
Balance sheet total	€ 1,889,462 Balance sheet total 2022: € 1,889,462 First fiscal year in the series	€ 2,219,795 Balance sheet total 2024: € 2,219,795 ▲ 17% vs 2022 (€ 1,889,462) Unchanged	€ 2,227,786 Balance sheet total 2025: € 2,227,786 Unchanged (€ 2,219,795) Unchanged
Employees (FTE)	2 Employees (FTE) 2022: 2 First fiscal year in the series	2 Employees (FTE) 2024: 2 Unchanged (2) Unchanged	-

Key figures of M.A.S., 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 M.A.S.?

What happened at M.A.S. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Dec 26, 2025 New annual accounts for financial year 2025: loss of € 1,566. Source: NBB ↗
Oct 21, 1991 New establishment in Gent. KBO
May 1, 1981 Start of the company according to the CBE. KBO

In short

From € 3,193 loss in 2022 to € 1,566 loss in 2025.

Paid € 17,794 in corporate taxes since 2022.

On average € 275,000 of value added per employee in 2024.

Original PDFs at the National Bank ↗

Management

Stefaan Haspeslagh

M.A.S.

PICANOL

MELOTTE

TESSENDERLO CHEMIE INTERNATIONAL

+10

Behind M.A.S. is Stefaan Haspeslagh. Stefaan Haspeslagh is also behind PICANOL, MELOTTE, TESSENDERLO CHEMIE INTERNATIONAL, Tessenderlo Group and Psicontrol.

Directors

According to the 2025 annual accounts

Stefaan Haspeslagh

Director

Also active at: PICANOL, MELOTTE, TESSENDERLO CHEMIE INTERNATIONAL, Tessenderlo Group, Psicontrol, HASPIE, FINDAR, PICANOL GROUP +5 more

Establishments

Establishment units

Physical locations of this company

Registered office

Kortrijksesteenweg 1190

9051 Gent

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.

All companies at this address →

D.L.A.

€ 35,610 gross margin · 2025

HASPIE same network

€ 183,976 gross margin · 2025

DURATEX EUROPE

FINDAR same network

€ 514,957 gross margin · 2025

HASJO same network

€ 52,329 gross margin · 2025

+7 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

0421.526.267

VAT number

BE 0421.526.267

Registered office

Kortrijksesteenweg 1190, 9051 Gent

Names & denominations

M.A.S.

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

1 May 1981

Peppol

Active · Active since 10 Sept 2025

Activities · NACE

Boekhouders

Overige fiscale dienstverlening

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsvoering en beheer

Boekhouders en boekhouders-fiscalisten

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗

M.A.S.

Warning lights

Financials

What happened to M.A.S.?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions