Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
MASARE from Aartselaar, company number BE0453503011, closed financial year 2025 with a result of € 6,057 after tax. For that financial year MASARE recorded a gross margin of € 6,606 and equity of € -31,194. Compared with financial year 2024, the result moved from € 3,242 to € 6,057. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ -31,194
▲ € 6,057 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6,057
▲ 87% vs 2024
Profit after tax over the fiscal year.
€ 6,956
▲ 117% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -49,786.
Debts at end 2025
€ 38,123
Loans from banks and other lenders, long and short.
€ 27
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -57 | € -64 | € 4,280 | € 6,606 | ▲ 54% |
| Profit after taxes | € -550 | € -2,406 | € 3,242 | € 6,057 | ▲ 87% |
| Equity | € -38,087 | € -40,493 | € -37,251 | € -31,194 | ▲ € 6,057 |
| Total debts | € 38,123 | € 40,823 | € 41,050 | € 38,150 | ▼ 7% |
| Cash | € 36 | € 330 | € 3,199 | € 6,956 | ▲ 117% |
| Retained profit | € -56,679 | € -60,897 | € -55,843 | € -49,786 | ▲ € 6,057 |
| Bank debt | € 38,123 | € 38,123 | € 38,123 | € 38,123 | |
| Balance sheet total | € 36 | € 330 | € 3,799 | € 6,956 | ▲ 83% |
Key figures of MASARE, 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 MASARE?
What happened at MASARE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 6,057 (▲ 87% vs 2024). Source: NBB ↗
- New establishment in Aartselaar. KBO
- Start of the company according to the CBE. KBO
In short
From € 550 loss in 2022 to € 6,057 profit in 2025.
Best year ever: 2025, with € 6,057 profit.
Establishments
Establishment units
Physical locations of this company
Kapellestraat 69
2630 Aartselaar
Kapellestraat 40
2630 Aartselaar
Active since 27 October 1994
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0453.503.011
- VAT number
- BE 0453.503.011
- Registered office
- Kapellestraat 69, 2630 Aartselaar
- Names & denominations
- MASARE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 September 1994
- Peppol
- Active · Active since 22 Oct 2024
- Activities · NACE
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