What does MASSIMMO do?

MASSIMMO is a property company in Hove. Public Limited, started on 29 June 1989, 1 establishment.

What is the address of MASSIMMO?

The registered office of MASSIMMO is located at Veldkantvoetweg 98, 2540 Hove.

Is MASSIMMO still active?

Yes. According to the CBE (29 October 2026) MASSIMMO is active, legal situation “Normale toestand”, started on 29 June 1989.

Is MASSIMMO registered on Peppol?

Yes, MASSIMMO is registered on the Peppol network with ID 0208:0437943023.

What is the enterprise number of MASSIMMO?

The enterprise number of MASSIMMO is BE0437943023.

When was MASSIMMO founded?

MASSIMMO was founded on 29 June 1989.

Who are the directors of MASSIMMO?

According to the 2024 annual accounts, the directors of MASSIMMO are: Axman BV, Farah MASSART.

Is MASSIMMO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 June 1989; 4 annual accounts filed, latest fiscal year 2024; 2 directors known from the annual account.

How much profit did MASSIMMO make in 2024?

MASSIMMO posted a profit after taxes of € 874,191 in financial year 2024.

What is the revenue of MASSIMMO?

As a small company, MASSIMMO is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € 1,236,486.

MASSIMMO (Public Limited) - Hove - BE0437943023

Dossier MASSIMMO, printed on 29 October 2026 from databakkes.be/en/0437943023/massimmo. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2024

MASSIMMO from Hove, company number BE0437943023, closed financial year 2024 with a result of € 874,191 after tax. For that financial year MASSIMMO recorded a gross margin of € 1.2 million and equity of € 718,350. Compared with financial year 2023, the result moved from € 66,064 to € 874,191. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.

What it is worth Healthy

€ 718,350

▼ 48% vs 2023

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

Profit Growing

€ 874,191

▲ € 808,127 vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 1.7 million

▲ € 1.7 million vs 2023

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

Where the profit goes Pays out

€ 1.5 million paid out

More than the year’s profit went to the shareholders; reserves fell.

Debts at end 2024

Bank debt ≈ 12 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.

€ 199,772

▼ 8% vs 2023

€ 17,231 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.

Owed to suppliers

€ 155

▼ 62% vs 2023

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

Taxes

€ 55,904

▲ € 50,842 vs 2023

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)
	2021	2022	2023	2024	Change 2023 → 2024
Gross margin	€ 144,182 Gross margin 2021: € 144,182 First fiscal year in the series	€ 159,068 Gross margin 2022: € 159,068 ▲ 10% vs 2021 (€ 144,182) Favourable step	€ 232,528 Gross margin 2023: € 232,528 ▲ 46% vs 2022 (€ 159,068) Favourable step	€ 1,236,486 Gross margin 2024: € 1,236,486 ▲ € 1 million vs 2023 (€ 232,528) Favourable step	▲ € 1 million
Profit after taxes	€ -34,658 Profit after taxes 2021: € -34,658 First fiscal year in the series	€ 4,855 Profit after taxes 2022: € 4,855 ▲ € 39,512 vs 2021 (€ -34,658) Favourable step	€ 66,064 Profit after taxes 2023: € 66,064 ▲ € 61,209 vs 2022 (€ 4,855) Favourable step	€ 874,191 Profit after taxes 2024: € 874,191 ▲ € 808,127 vs 2023 (€ 66,064) Favourable step	▲ € 808,127
Equity	€ 1,501,141 Equity 2021: € 1,501,141 First fiscal year in the series	€ 1,425,996 Equity 2022: € 1,425,996 ▼ 5% vs 2021 (€ 1,501,141) Unfavourable step	€ 1,392,059 Equity 2023: € 1,392,059 ▼ 2% vs 2022 (€ 1,425,996) Unfavourable step	€ 718,350 Equity 2024: € 718,350 ▼ 48% vs 2023 (€ 1,392,059) Unfavourable step	▼ 48%
Total debts	€ 404,437 Total debts 2021: € 404,437 First fiscal year in the series	€ 387,274 Total debts 2022: € 387,274 ▼ 4% vs 2021 (€ 404,437) Favourable step	€ 462,331 Total debts 2023: € 462,331 ▲ 19% vs 2022 (€ 387,274) Unfavourable step	€ 1,823,823 Total debts 2024: € 1,823,823 ▲ 294% vs 2023 (€ 462,331) Unfavourable step	▲ 294%
Cash	€ 20,196 Cash 2021: € 20,196 First fiscal year in the series	€ 12,852 Cash 2022: € 12,852 ▼ 36% vs 2021 (€ 20,196) Unfavourable step	€ 10,087 Cash 2023: € 10,087 ▼ 22% vs 2022 (€ 12,852) Unfavourable step	€ 1,666,331 Cash 2024: € 1,666,331 ▲ € 1.7 million vs 2023 (€ 10,087) Favourable step	▲ € 1.7 million
Land & buildings	€ 2,098,658 Land & buildings 2021: € 2,098,658 First fiscal year in the series	€ 1,992,008 Land & buildings 2022: € 1,992,008 ▼ 5% vs 2021 (€ 2,098,658) Unchanged	€ 1,874,961 Land & buildings 2023: € 1,874,961 ▼ 6% vs 2022 (€ 1,992,008) Unchanged	€ 586,101 Land & buildings 2024: € 586,101 ▼ 69% vs 2023 (€ 1,874,961) Unchanged	▼ 69%
Retained profit	€ 1,377,141 Retained profit 2021: € 1,377,141 First fiscal year in the series	€ 1,301,996 Retained profit 2022: € 1,301,996 ▼ 5% vs 2021 (€ 1,377,141) Unfavourable step	€ 1,268,059 Retained profit 2023: € 1,268,059 ▼ 3% vs 2022 (€ 1,301,996) Unfavourable step	€ 594,350 Retained profit 2024: € 594,350 ▼ 53% vs 2023 (€ 1,268,059) Unfavourable step	▼ 53%
Dividend	€ 50,000 Dividend 2021: € 50,000 First fiscal year in the series	€ 80,000 Dividend 2022: € 80,000 ▲ 60% vs 2021 (€ 50,000) Unchanged	€ 100,000 Dividend 2023: € 100,000 ▲ 25% vs 2022 (€ 80,000) Unchanged	€ 1,547,901 Dividend 2024: € 1,547,901 ▲ € 1.4 million vs 2023 (€ 100,000) Unchanged	▲ € 1.4 million
Bank debt	€ 266,158 Bank debt 2021: € 266,158 First fiscal year in the series	€ 240,405 Bank debt 2022: € 240,405 ▼ 10% vs 2021 (€ 266,158) Favourable step	€ 216,830 Bank debt 2023: € 216,830 ▼ 10% vs 2022 (€ 240,405) Favourable step	€ 199,772 Bank debt 2024: € 199,772 ▼ 8% vs 2023 (€ 216,830) Favourable step	▼ 8%
Balance sheet total	€ 2,159,326 Balance sheet total 2021: € 2,159,326 First fiscal year in the series	€ 2,052,429 Balance sheet total 2022: € 2,052,429 ▼ 5% vs 2021 (€ 2,159,326) Unchanged	€ 2,078,960 Balance sheet total 2023: € 2,078,960 ▲ 1% vs 2022 (€ 2,052,429) Unchanged	€ 2,542,173 Balance sheet total 2024: € 2,542,173 ▲ 22% vs 2023 (€ 2,078,960) Unchanged	▲ 22%

Key figures of MASSIMMO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to MASSIMMO?

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

2030 Farah MASSART stepped down as director. NBB
Aug 29, 2025 New annual accounts for financial year 2024: profit of € 874,191 (▲ € 808,127 vs 2023). filed late Source: NBB ↗
2024 Farah MASSART became a director. NBB
2022 Axman BV became a director. NBB
Jul 31, 1989 New establishment in Hove. KBO
Jun 29, 1989 Start of the company according to the CBE. KBO

In short

From € 34,658 loss in 2021 to € 874,191 profit in 2024.

Paid € 487,500 in corporate taxes since 2021.

Best year ever: 2024, with € 874,191 profit.

Paid out € 1.8 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Axman BV

MASSIMMO

Behind MASSIMMO is Axman BV.

Directors

According to the 2024 annual accounts

Axman BV

Managing director · represented by Axel Massart

since 2022

Farah MASSART

Director

since 2024 · until 2030

Establishments

Establishment units

Physical locations of this company

Registered office

Veldkantvoetweg 98

2540 Hove

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.

All companies at this address →

MASTERLOG

€ 67,056 gross margin · 2025

MASINVEST

BTW-EENHEID DEURNE-MASSIM

AXMAN same network

€ 16,837 gross margin · 2024

A LA CARTE

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

Details

Company number: 0437.943.023
VAT number: BE 0437.943.023
Registered office: Veldkantvoetweg 98, 2540 Hove
Names & denominations: MASSIMMO
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 29 June 1989
Peppol: Active · Active since 12 Nov 2025
Activities · NACE: Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

View on CBE Public ↗ Annual accounts (NBB) ↗