What does Masilet do?

Masilet is a property company in Wevelgem. Private Limited, started on 19 October 1984, 1 establishment.

What is the address of Masilet?

The registered office of Masilet is located at Caesar Gezellestraat 60, 8560 Wevelgem.

Is Masilet still active?

Yes. According to the CBE (31 October 2026) Masilet is active, legal situation “Normale toestand”, started on 19 October 1984.

Is Masilet registered on Peppol?

Yes, Masilet is registered on the Peppol network with ID 0208:0426584323.

What is the enterprise number of Masilet?

The enterprise number of Masilet is BE0426584323.

When was Masilet founded?

Masilet was founded on 19 October 1984.

Who are the directors of Masilet?

According to the 2025 annual accounts, the directors of Masilet are: Mike Ghillemyn.

Is Masilet a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 19 October 1984; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did Masilet make in 2025?

Masilet recorded a loss after taxes of € 47,287 in financial year 2025.

What is the revenue of Masilet?

As a small company, Masilet is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 60,502.

Masilet (Private Limited) - Wevelgem - BE0426584323

Dossier Masilet, printed on 31 October 2026 from databakkes.be/en/0426584323/masilet. 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 10 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

Masilet from Wevelgem, company number BE0426584323, closed financial year 2025 with a result of € -47,287 after tax. For that financial year Masilet recorded a gross margin of € 60,502 and equity of € 279,443. Compared with financial year 2024, the result moved from € -54,511 to € -47,287. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.

What it is worth Healthy

€ 279,443

▼ 14% vs 2024

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

Loss Caution

€ -47,287

▲ 13 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 15,526

▲ 81% 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 € 263,687.

Debts at end 2025

Bank debt ≈ 4 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.

€ 200,631

▼ 23% vs 2024

€ 55,225 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 2,287

▼ 73% vs 2024

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

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2024	2025	Change 2024 → 2025
Gross margin	€ 140,895 Gross margin 2021: € 140,895 First fiscal year in the series	€ 185,691 Gross margin 2022: € 185,691 ▲ 32% vs 2021 (€ 140,895) Favourable step	€ 37,961 Gross margin 2024: € 37,961 ▼ 80% vs 2022 (€ 185,691) Unfavourable step	€ 60,502 Gross margin 2025: € 60,502 ▲ 59% vs 2024 (€ 37,961) Favourable step	▲ 59%
Profit after taxes	€ 24,455 Profit after taxes 2021: € 24,455 First fiscal year in the series	€ 44,423 Profit after taxes 2022: € 44,423 ▲ 82% vs 2021 (€ 24,455) Favourable step	€ -54,511 Profit after taxes 2024: € -54,511 ▼ € 98,934 vs 2022 (€ 44,423) Unfavourable step	€ -47,287 Profit after taxes 2025: € -47,287 ▲ € 7,224 vs 2024 (€ -54,511) Favourable step	▲ € 7,224
Equity	€ 427,887 Equity 2021: € 427,887 First fiscal year in the series	€ 472,310 Equity 2022: € 472,310 ▲ 10% vs 2021 (€ 427,887) Favourable step	€ 326,730 Equity 2024: € 326,730 ▼ 31% vs 2022 (€ 472,310) Unfavourable step	€ 279,443 Equity 2025: € 279,443 ▼ 14% vs 2024 (€ 326,730) Unfavourable step	▼ 14%
Total debts	€ 501,190 Total debts 2021: € 501,190 First fiscal year in the series	€ 476,963 Total debts 2022: € 476,963 ▼ 5% vs 2021 (€ 501,190) Favourable step	€ 583,999 Total debts 2024: € 583,999 ▲ 22% vs 2022 (€ 476,963) Unfavourable step	€ 551,042 Total debts 2025: € 551,042 ▼ 6% vs 2024 (€ 583,999) Favourable step	▼ 6%
Cash	€ 88,671 Cash 2021: € 88,671 First fiscal year in the series	€ 131,738 Cash 2022: € 131,738 ▲ 49% vs 2021 (€ 88,671) Favourable step	€ 8,559 Cash 2024: € 8,559 ▼ 94% vs 2022 (€ 131,738) Unfavourable step	€ 15,526 Cash 2025: € 15,526 ▲ 81% vs 2024 (€ 8,559) Favourable step	▲ 81%
Land & buildings	€ 731,933 Land & buildings 2021: € 731,933 First fiscal year in the series	€ 679,417 Land & buildings 2022: € 679,417 ▼ 7% vs 2021 (€ 731,933) Unchanged	€ 829,754 Land & buildings 2024: € 829,754 ▲ 22% vs 2022 (€ 679,417) Unchanged	€ 748,322 Land & buildings 2025: € 748,322 ▼ 10% vs 2024 (€ 829,754) Unchanged	▼ 10%
Retained profit	€ 409,295 Retained profit 2021: € 409,295 First fiscal year in the series	€ 453,718 Retained profit 2022: € 453,718 ▲ 11% vs 2021 (€ 409,295) Favourable step	€ 310,973 Retained profit 2024: € 310,973 ▼ 31% vs 2022 (€ 453,718) Unfavourable step	€ 263,687 Retained profit 2025: € 263,687 ▼ 15% vs 2024 (€ 310,973) Unfavourable step	▼ 15%
Bank debt	€ 286,922 Bank debt 2021: € 286,922 First fiscal year in the series	€ 247,129 Bank debt 2022: € 247,129 ▼ 14% vs 2021 (€ 286,922) Favourable step	€ 262,115 Bank debt 2024: € 262,115 ▲ 6% vs 2022 (€ 247,129) Unfavourable step	€ 200,631 Bank debt 2025: € 200,631 ▼ 23% vs 2024 (€ 262,115) Favourable step	▼ 23%
Balance sheet total	€ 929,077 Balance sheet total 2021: € 929,077 First fiscal year in the series	€ 949,273 Balance sheet total 2022: € 949,273 ▲ 2% vs 2021 (€ 929,077) Unchanged	€ 910,729 Balance sheet total 2024: € 910,729 ▼ 4% vs 2022 (€ 949,273) Unchanged	€ 830,486 Balance sheet total 2025: € 830,486 ▼ 9% vs 2024 (€ 910,729) Unchanged	▼ 9%

Key figures of Masilet, fiscal years 2021 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 Masilet?

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

Jul 27, 2026 New annual accounts for financial year 2025: loss of € 47,287. Source: NBB ↗
2003 Mike Ghillemyn became a director. NBB
Oct 30, 1984 New establishment in Wevelgem. KBO
Oct 19, 1984 Start of the company according to the CBE. KBO

In short

From € 24,455 profit in 2021 to € 47,287 loss in 2025.

Paid € 29,400 in corporate taxes since 2021.

Best year ever: 2022, with € 44,423 profit.

Original PDFs at the National Bank ↗

Management

Mike Ghillemyn

Masilet

Uitvaartzorg Ghillemyn

Behind Masilet is Mike Ghillemyn. Mike Ghillemyn is also behind Uitvaartzorg Ghillemyn.

Directors

According to the 2025 annual accounts

Mike Ghillemyn

Director

Also active at: Uitvaartzorg Ghillemyn

since 2003

Establishments

Establishment units

Physical locations of this company

Registered office

Caesar Gezellestraat 60

8560 Wevelgem

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 →

Uitvaartzorg Ghillemyn same network

€ 135,013 gross margin · 2025

B.E GHILLEMYN

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

Details

Company number

0426.584.323

VAT number

BE 0426.584.323

Registered office

Caesar Gezellestraat 60, 8560 Wevelgem

Names & denominations

Masilet

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

19 October 1984

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Activiteiten van holdings

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Opslag

Activiteiten van hoofdkantoren

Overige zakelijke dienstverlening, neg

Holdings

View on CBE Public ↗ Annual accounts (NBB) ↗

Masilet

Warning lights

Financials

What happened to Masilet?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions