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 2023 and 2024.
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Shrinking team NBB
FTE fell two years in a row, from 53.4 to 37.8.
Financials
Financial year 2024
MASUREEL INTERNATIONAL from Harelbeke, company number BE0439285680, closed financial year 2024 with a result of € -84,476 after tax. For that financial year MASUREEL INTERNATIONAL recorded a gross margin of € 2.9 million and equity of € 12.1 million. Compared with financial year 2023, the result moved from € -112,128 to € -84,476. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2025.
€ 12.1 million
▼ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -84,476
▲ 25 % less loss than in 2023
Profit after tax over the fiscal year.
€ 281,803
▼ 29% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 10.7 million.
People and assets in 2024
37.8
▼ 5.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 2.9 million
▲ 2% vs 2023
€ 76,100 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.
€ 250,798
▼ 18% vs 2023
Of which on lease € 184,222.
Debts at end 2024
€ 1.2 million
▼ 16% vs 2023
€ 237,883 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 749,026
▲ 3% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 283,503
▲ 1% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 11,684,682 | € 10,098,615 | € 8,761,314 | - | |
| Gross margin | - | - | - | € 2,911,137 | |
| Profit after taxes | € -84,261 | € -16,889 | € -112,128 | € -84,476 | ▲ € 27,652 |
| Equity | € 12,295,324 | € 12,278,435 | € 12,166,307 | € 12,081,831 | ▼ 1% |
| Total debts | € 2,757,695 | € 2,792,462 | € 2,485,915 | € 2,270,041 | ▼ 9% |
| Cash | € 680,051 | € 440,816 | € 399,335 | € 281,803 | ▼ 29% |
| Retained profit | € 10,894,674 | € 10,877,785 | € 10,765,657 | € 10,681,181 | ▼ 1% |
| Bank debt | € 1,069,492 | € 1,207,301 | € 1,469,404 | € 1,230,843 | ▼ 16% |
| Balance sheet total | € 15,169,909 | € 15,171,883 | € 14,739,842 | € 14,434,970 | ▼ 2% |
| Employees (FTE) | 57.6 | 53.4 | 43 | 37.8 | ▼ 5.2 |
Key figures of MASUREEL INTERNATIONAL, 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 MASUREEL INTERNATIONAL?
What happened at MASUREEL INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philippe Jonas stepped down as director. NBB
- Fin-Art NV NV stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 84,476. Source: NBB ↗
- Philippe Jonas became a director. NBB
- Fin-Art NV NV became a director. NBB
- New establishment in Harelbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 84,261 loss in 2021 to € 84,476 loss in 2024.
Paid € 28,813 in corporate taxes since 2021.
On average € 77,000 of value added per employee in 2024.
Management
The stake of FIN - ART comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MASUREEL INTERNATIONALThe shares are held by FIN - ART (97.6%).
Directors
According to the 2024 annual accounts
since 2023 · until 2028
Managing director · represented by Guy Verstraete
since 2023 · until 2028
Shareholders
97.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kantstraat 1
8531 Harelbeke
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Domain
Domain
masureel.com
Registered
1999-08-06
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-08-06
Website info
Features
Security
Network
Details
- Company number
- 0439.285.680
- VAT number
- BE 0439.285.680
- Registered office
- Kantstraat 1, 8531 Harelbeke
- Names & denominations
- MASUREEL INTERNATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 1989
- Peppol
- Active · Active since 3 Jul 2026
- Contact
- masureel.com
- Activities · NACE
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