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.

Who are the directors of Masada?

According to the 2025 annual accounts, the directors of Masada are: PATRICIA HENRY DE FRAHAN, Serge VAN OVERTVELDT.

Is Masada a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 9 October 1984; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 2 establishments in the CBE.

How much profit did Masada make in 2025?

Masada posted a profit after taxes of € 791,141 in financial year 2025.

What is the revenue of Masada?

In its most recent annual accounts (2025), Masada reported revenue of € 6,717,667.

How much does an employee at Masada earn?

The average wage cost per full-time employee at Masada was € 58,700 in 2025: staff costs of € 140,953 for 2.4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Masada have?

According to the 2025 annual accounts, Masada has 2.4 full-time equivalents (FTE).

Masada (Public Limited) - Waterloo - BE0427401794

Q: 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.

Dossier Masada, printed on 30 October 2026 from databakkes.be/en/0427401794/masada. 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.

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 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.

€ 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)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 2,200,788 Revenue 2022: € 2,200,788 First fiscal year in the series	€ 944,926 Revenue 2023: € 944,926 ▼ 57% vs 2022 (€ 2,200,788) Unfavourable step	€ 1,703,706 Revenue 2024: € 1,703,706 ▲ 80% vs 2023 (€ 944,926) Favourable step	€ 6,717,667 Revenue 2025: € 6,717,667 ▲ 294% vs 2024 (€ 1,703,706) Favourable step	▲ 294%
Gross margin	€ 1,233,482 Gross margin 2022: € 1,233,482 First fiscal year in the series	€ 1,046,225 Gross margin 2023: € 1,046,225 ▼ 15% vs 2022 (€ 1,233,482) Unfavourable step	€ 1,341,785 Gross margin 2024: € 1,341,785 ▲ 28% vs 2023 (€ 1,046,225) Favourable step	€ 1,854,620 Gross margin 2025: € 1,854,620 ▲ 38% vs 2024 (€ 1,341,785) Favourable step	▲ 38%
Profit after taxes	€ 270,372 Profit after taxes 2022: € 270,372 First fiscal year in the series	€ 20,579 Profit after taxes 2023: € 20,579 ▼ 92% vs 2022 (€ 270,372) Unfavourable step	€ 136,735 Profit after taxes 2024: € 136,735 ▲ € 116,155 vs 2023 (€ 20,579) Favourable step	€ 791,141 Profit after taxes 2025: € 791,141 ▲ € 654,407 vs 2024 (€ 136,735) Favourable step	▲ € 654,407
Equity	€ 2,546,438 Equity 2022: € 2,546,438 First fiscal year in the series	€ 2,522,018 Equity 2023: € 2,522,018 ▼ 1% vs 2022 (€ 2,546,438) Unfavourable step	€ 2,437,843 Equity 2024: € 2,437,843 ▼ 3% vs 2023 (€ 2,522,018) Unfavourable step	€ 3,228,984 Equity 2025: € 3,228,984 ▲ 32% vs 2024 (€ 2,437,843) Favourable step	▲ 32%
Total debts	€ 7,953,254 Total debts 2022: € 7,953,254 First fiscal year in the series	€ 10,532,152 Total debts 2023: € 10,532,152 ▲ 32% vs 2022 (€ 7,953,254) Unfavourable step	€ 11,761,054 Total debts 2024: € 11,761,054 ▲ 12% vs 2023 (€ 10,532,152) Unfavourable step	€ 4,125,016 Total debts 2025: € 4,125,016 ▼ 65% vs 2024 (€ 11,761,054) Favourable step	▼ 65%
Cash	€ 409,762 Cash 2022: € 409,762 First fiscal year in the series	€ 555,463 Cash 2023: € 555,463 ▲ 36% vs 2022 (€ 409,762) Favourable step	€ 55,071 Cash 2024: € 55,071 ▼ 90% vs 2023 (€ 555,463) Unfavourable step	€ 169,522 Cash 2025: € 169,522 ▲ 208% vs 2024 (€ 55,071) Favourable step	▲ 208%
Land & buildings	€ 8,666,682 Land & buildings 2022: € 8,666,682 First fiscal year in the series	€ 6,136,864 Land & buildings 2023: € 6,136,864 ▼ 29% vs 2022 (€ 8,666,682) Unchanged	€ 6,185,581 Land & buildings 2024: € 6,185,581 ▲ 1% vs 2023 (€ 6,136,864) Unchanged	€ 3,113,602 Land & buildings 2025: € 3,113,602 ▼ 50% vs 2024 (€ 6,185,581) Unchanged	▼ 50%
Retained profit	€ 2,452,240 Retained profit 2022: € 2,452,240 First fiscal year in the series	€ 2,427,820 Retained profit 2023: € 2,427,820 ▼ 1% vs 2022 (€ 2,452,240) Unfavourable step	€ 2,343,645 Retained profit 2024: € 2,343,645 ▼ 3% vs 2023 (€ 2,427,820) Unfavourable step	€ 3,134,786 Retained profit 2025: € 3,134,786 ▲ 34% vs 2024 (€ 2,343,645) Favourable step	▲ 34%
Bank debt	€ 7,255,476 Bank debt 2022: € 7,255,476 First fiscal year in the series	€ 9,689,385 Bank debt 2023: € 9,689,385 ▲ 34% vs 2022 (€ 7,255,476) Unfavourable step	€ 11,189,227 Bank debt 2024: € 11,189,227 ▲ 15% vs 2023 (€ 9,689,385) Unfavourable step	€ 3,398,270 Bank debt 2025: € 3,398,270 ▼ 70% vs 2024 (€ 11,189,227) Favourable step	▼ 70%
Balance sheet total	€ 10,499,692 Balance sheet total 2022: € 10,499,692 First fiscal year in the series	€ 13,054,170 Balance sheet total 2023: € 13,054,170 ▲ 24% vs 2022 (€ 10,499,692) Unchanged	€ 14,198,897 Balance sheet total 2024: € 14,198,897 ▲ 9% vs 2023 (€ 13,054,170) Unchanged	€ 7,354,000 Balance sheet total 2025: € 7,354,000 ▼ 48% vs 2024 (€ 14,198,897) Unchanged	▼ 48%
Employees (FTE)	1.5 Employees (FTE) 2022: 1.5 First fiscal year in the series	1.8 Employees (FTE) 2023: 1.8 ▲ 0.3 vs 2022 (1.5) Unchanged	2.8 Employees (FTE) 2024: 2.8 ▲ 1 vs 2023 (1.8) Unchanged	2.4 Employees (FTE) 2025: 2.4 ▼ 0.4 vs 2024 (2.8) Unchanged	▼ 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:

2027 PATRICIA HENRY DE FRAHAN stepped down as director. NBB
2027 Serge VAN OVERTVELDT stepped down as director. NBB
Aug 14, 2026 New annual accounts for financial year 2025: profit of € 791,141 (▲ € 654,407 vs 2024). filed late Source: NBB ↗
2021 PATRICIA HENRY DE FRAHAN became a director. NBB
2021 Serge VAN OVERTVELDT became a director. NBB
Jul 25, 1996 New establishment in Brussel. KBO
Nov 5, 1984 New establishment in Waterloo. KBO
Oct 9, 1984 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.

Original PDFs at the National Bank ↗

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

View on CBE Public ↗ Annual accounts (NBB) ↗