What does MASELEC do?

MASELEC is an engineering firm in Kortenberg. Public Limited, started on 28 December 1986, 1 establishment.

What is the address of MASELEC?

The registered office of MASELEC is located at Nederokkerzeelsesteenweg 6, 3071 Kortenberg.

Is MASELEC still active?

Yes. According to the CBE (30 October 2026) MASELEC is active, legal situation “Normale toestand”, started on 28 December 1986.

Is MASELEC registered on Peppol?

Yes, MASELEC is registered on the Peppol network with ID 0208:0430172234.

What is the enterprise number of MASELEC?

The enterprise number of MASELEC is BE0430172234.

When was MASELEC founded?

MASELEC was founded on 28 December 1986.

Who are the directors of MASELEC?

According to the 2025 annual accounts, the directors of MASELEC are: Nathalie Boes, BRAEBO SARL, Olivier Braekers.

Is MASELEC a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 28 December 1986; 4 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did MASELEC make in 2025?

MASELEC posted a profit after taxes of € 24,165 in financial year 2025.

What is the revenue of MASELEC?

As a small company, MASELEC is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 117,834.

MASELEC (Public Limited) - Kortenberg - BE0430172234

Dossier MASELEC, printed on 30 October 2026 from databakkes.be/en/0430172234/maselec. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

MASELEC from Kortenberg, company number BE0430172234, closed financial year 2025 with a result of € 24,165 after tax. For that financial year MASELEC recorded a gross margin of € 117,834 and equity of € 220,388. Compared with financial year 2024, the result moved from € 27,228 to € 24,165. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.

What it is worth Growing

€ 220,388

▲ 12% vs 2024

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

Profit Healthy

€ 24,165

▼ 11% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 4,884

▼ 98% 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 € 158,888.

Debts at end 2025

Bank debt ≈ 5 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.

€ 354,058

▼ 17% vs 2024

€ 73,913 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 172,260

▲ 42% vs 2024

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

Taxes

€ 17,947

▼ 35% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 123,648 Gross margin 2022: € 123,648 First fiscal year in the series	€ 108,758 Gross margin 2023: € 108,758 ▼ 12% vs 2022 (€ 123,648) Unfavourable step	€ 137,276 Gross margin 2024: € 137,276 ▲ 26% vs 2023 (€ 108,758) Favourable step	€ 117,834 Gross margin 2025: € 117,834 ▼ 14% vs 2024 (€ 137,276) Unfavourable step	▼ 14%
Profit after taxes	€ 52,193 Profit after taxes 2022: € 52,193 First fiscal year in the series	€ -21,231 Profit after taxes 2023: € -21,231 ▼ € 73,424 vs 2022 (€ 52,193) Unfavourable step	€ 27,228 Profit after taxes 2024: € 27,228 ▲ € 48,459 vs 2023 (€ -21,231) Favourable step	€ 24,165 Profit after taxes 2025: € 24,165 ▼ 11% vs 2024 (€ 27,228) Unfavourable step	▼ 11%
Equity	€ 190,225 Equity 2022: € 190,225 First fiscal year in the series	€ 168,994 Equity 2023: € 168,994 ▼ 11% vs 2022 (€ 190,225) Unfavourable step	€ 196,222 Equity 2024: € 196,222 ▲ 16% vs 2023 (€ 168,994) Favourable step	€ 220,388 Equity 2025: € 220,388 ▲ 12% vs 2024 (€ 196,222) Favourable step	▲ 12%
Total debts	€ 1,796,226 Total debts 2022: € 1,796,226 First fiscal year in the series	€ 1,763,416 Total debts 2023: € 1,763,416 ▼ 2% vs 2022 (€ 1,796,226) Favourable step	€ 2,300,717 Total debts 2024: € 2,300,717 ▲ 30% vs 2023 (€ 1,763,416) Unfavourable step	€ 2,185,195 Total debts 2025: € 2,185,195 ▼ 5% vs 2024 (€ 2,300,717) Favourable step	▼ 5%
Cash	€ 331,658 Cash 2022: € 331,658 First fiscal year in the series	€ 78,973 Cash 2023: € 78,973 ▼ 76% vs 2022 (€ 331,658) Unfavourable step	€ 236,279 Cash 2024: € 236,279 ▲ 199% vs 2023 (€ 78,973) Favourable step	€ 4,884 Cash 2025: € 4,884 ▼ 98% vs 2024 (€ 236,279) Unfavourable step	▼ 98%
Land & buildings	€ 1,370,194 Land & buildings 2022: € 1,370,194 First fiscal year in the series	€ 1,620,202 Land & buildings 2023: € 1,620,202 ▲ 18% vs 2022 (€ 1,370,194) Unchanged	€ 1,225,572 Land & buildings 2024: € 1,225,572 ▼ 24% vs 2023 (€ 1,620,202) Unchanged	€ 1,140,755 Land & buildings 2025: € 1,140,755 ▼ 7% vs 2024 (€ 1,225,572) Unchanged	▼ 7%
Retained profit	€ 128,725 Retained profit 2022: € 128,725 First fiscal year in the series	€ 107,494 Retained profit 2023: € 107,494 ▼ 16% vs 2022 (€ 128,725) Unfavourable step	€ 134,722 Retained profit 2024: € 134,722 ▲ 25% vs 2023 (€ 107,494) Favourable step	€ 158,888 Retained profit 2025: € 158,888 ▲ 18% vs 2024 (€ 134,722) Favourable step	▲ 18%
Bank debt	€ 572,353 Bank debt 2022: € 572,353 First fiscal year in the series	€ 500,148 Bank debt 2023: € 500,148 ▼ 13% vs 2022 (€ 572,353) Favourable step	€ 427,394 Bank debt 2024: € 427,394 ▼ 15% vs 2023 (€ 500,148) Favourable step	€ 354,058 Bank debt 2025: € 354,058 ▼ 17% vs 2024 (€ 427,394) Favourable step	▼ 17%
Balance sheet total	€ 2,043,470 Balance sheet total 2022: € 2,043,470 First fiscal year in the series	€ 1,980,658 Balance sheet total 2023: € 1,980,658 ▼ 3% vs 2022 (€ 2,043,470) Unchanged	€ 2,536,414 Balance sheet total 2024: € 2,536,414 ▲ 28% vs 2023 (€ 1,980,658) Unchanged	€ 2,418,207 Balance sheet total 2025: € 2,418,207 ▼ 5% vs 2024 (€ 2,536,414) Unchanged	▼ 5%

Key figures of MASELEC, 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 MASELEC?

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

2026 Nathalie Boes stepped down as director. NBB
2026 BRAEBO SARL stepped down as director. NBB
2026 Olivier Braekers stepped down as director. NBB
Jan 30, 2026 New annual accounts for financial year 2025: profit of € 24,165 (▼ 11% vs 2024). Source: NBB ↗
2020 Nathalie Boes became a director. NBB
2020 BRAEBO SARL became a director. NBB
2020 Olivier Braekers became a director. NBB
Sep 15, 1987 New establishment in Kortenberg. KBO

In short

From € 52,193 profit in 2022 to € 24,165 profit in 2025.

Paid € 43,244 in corporate taxes since 2022.

Best year ever: 2022, with € 52,193 profit.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

Nathalie Boes

Director

Also active at: Masser

since 2020 · until 2026

BRAEBO SARL

Director · represented by Bernard BRAEKERS

Also active at: Masser

since 2020 · until 2026

Olivier Braekers

Director

since 2020 · until 2026

Establishments

Establishment units

Physical locations of this company

Registered office

Nederokkerzeelsesteenweg 6

3071 Kortenberg

2.030.005.607

Peperstraat 28

3071 Kortenberg

Active since 15 September 1987

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

Masser same network

€ 947,463 gross margin · 2025

TRANSPORTS VANDEROEL

CHALOUBETH

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

Details

Company number

0430.172.234

VAT number

BE 0430.172.234

Registered office

Nederokkerzeelsesteenweg 6, 3071 Kortenberg

Names & denominations

MASELEC

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

28 December 1986

Peppol

Active · Active since 17 Dec 2025

Activities · NACE

Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts

Technische studiën en ingenieursactiviteiten

View on CBE Public ↗ Annual accounts (NBB) ↗

MASELEC

Financials

What happened to MASELEC?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions