Active · per the CBE, 30 October 2026

Masada

BE0427401794

Rechtspersoon Public limited company 2 establishments

Masada is filed with the CBE under the catch-all “Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen”, a code that says little about what the company actually does. Public Limited, started on 9 October 1984, 2 establishments.

Allée du Chevreuil 4, 1410 Waterloo

Active for

42 year

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 8 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

Masada from Waterloo, company number BE0427401794, closed financial year 2025 with a result of € 791,141 after tax. For that financial year Masada recorded revenue of € 6.7 million and equity of € 3.2 million. Compared with financial year 2024, the result moved from € 136,735 to € 791,141. 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 August 14, 2026.

What it is worth Growing

€ 3.2 million

▲ 32% vs 2024

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

Profit Growing

€ 791,141

▲ € 654,407 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 169,522

▲ 208% 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 € 3.1 million.

People and assets in 2025

Full-time equivalents

2.4

▼ 0.4 vs 2024

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

Wage cost

€ 140,953

▲ 12% vs 2024

€ 58,700 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

€ 5,787

▼ 62% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 1 years to go

€ 3.4 million

▼ 70% vs 2024

€ 333,160 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.

Owed to suppliers

€ 20,114

▼ 23% vs 2024

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

Taxes and wages

€ 110,998

▲ 104% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
2022202320242025Change 2024 → 2025
Revenue € 2,200,788 € 944,926 € 1,703,706 € 6,717,667 ▲ 294%
Gross margin € 1,233,482 € 1,046,225 € 1,341,785 € 1,854,620 ▲ 38%
Profit after taxes € 270,372 € 20,579 € 136,735 € 791,141 ▲ € 654,407
Equity € 2,546,438 € 2,522,018 € 2,437,843 € 3,228,984 ▲ 32%
Total debts € 7,953,254 € 10,532,152 € 11,761,054 € 4,125,016 ▼ 65%
Cash € 409,762 € 555,463 € 55,071 € 169,522 ▲ 208%
Land & buildings € 8,666,682 € 6,136,864 € 6,185,581 € 3,113,602 ▼ 50%
Retained profit € 2,452,240 € 2,427,820 € 2,343,645 € 3,134,786 ▲ 34%
Bank debt € 7,255,476 € 9,689,385 € 11,189,227 € 3,398,270 ▼ 70%
Balance sheet total € 10,499,692 € 13,054,170 € 14,198,897 € 7,354,000 ▼ 48%
Employees (FTE) 1.5 1.8 2.8 2.4 ▼ 0.4

Key figures of Masada, 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 Masada?

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

  • PATRICIA HENRY DE FRAHAN stepped down as director. NBB
  • Serge VAN OVERTVELDT stepped down as director. NBB
  • New annual accounts for financial year 2025: profit of € 791,141 (▲ € 654,407 vs 2024). filed late Source: NBB ↗
  • PATRICIA HENRY DE FRAHAN became a director. NBB
  • Serge VAN OVERTVELDT became a director. NBB
  • New establishment in Brussel. KBO
  • New establishment in Waterloo. KBO
  • Start of the company according to the CBE. KBO

In short

From € 270,372 profit in 2022 to € 791,141 profit in 2025.

Paid € 584,089 in corporate taxes since 2022.

Best year ever: 2025, with € 791,141 profit.

On average € 772,800 of value added per employee in 2025.

Management

Directors

According to the 2025 annual accounts

PATRICIA HENRY DE FRAHAN

Director

Also active at: COMPTOIR D'ESCOMPTE DE HUY-LIEGE

since 2021 · until 2027

Serge VAN OVERTVELDT

Managing director

since 2021 · until 2027

Establishments

Establishment units

Physical locations of this company

Registered office

Allée du Chevreuil 4

1410 Waterloo

2.161.602.141

Air Marshal Coninghamlaan 6

1000 Brussel

Active since 25 July 1996

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

Details

Company number
0427.401.794
VAT number
BE 0427.401.794
Registered office
Allée du Chevreuil 4, 1410 Waterloo
Names & denominations
Masada
Enterprise type
Rechtspersoon
Legal form
Public limited company
Legal situation
Normale toestand
Start date
9 October 1984
Peppol
Active · Active since 4 Jun 2025
Activities · NACE

Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen

Ondersteunende activiteiten i.v.m. financiële instellingen, n.e.g.

Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed

Bemiddeling in verband met exploitatie van en handel in onroerend goed

Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis

Frequently asked questions

What does Masada do?
Masada is filed with the CBE under the catch-all “Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen”, a code that says little about what the company actually does. Public Limited, started on 9 October 1984, 2 establishments.
What is the address of Masada?
The registered office of Masada is located at Allée du Chevreuil 4, 1410 Waterloo.
Is Masada still active?
Yes. According to the CBE (30 October 2026) Masada is active, legal situation “Normale toestand”, started on 9 October 1984.
Is Masada registered on Peppol?
Yes, Masada is registered on the Peppol network with ID 0208:0427401794.
What is the enterprise number of Masada?
The enterprise number of Masada is BE0427401794.
When was Masada founded?
Masada was founded on 9 October 1984.