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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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MASEMAR from Heuvelland, company number BE0464700076, closed financial year 2025 with a result of € 59,730 after tax. For that financial year MASEMAR recorded a gross margin of € 72,572 and equity of € 249,753. Compared with financial year 2024, the result moved from € -32,668 to € 59,730. 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 May 4, 2026.
€ 249,753
▲ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 59,730
▲ still € 32,668 loss in 2024
Profit after tax over the fiscal year.
€ 16,077
▼ 79% 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 € 231,161.
Debts at end 2025
€ 121,377
▲ 1% vs 2024
€ 7,976 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 6,584
▲ € 4,943 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 155,438 | € -84,106 | € -22,167 | € 72,572 | ▲ € 94,739 |
| Profit after taxes | € 70,905 | € -129,826 | € -32,668 | € 59,730 | ▲ € 92,398 |
| Equity | € 352,518 | € 222,692 | € 190,023 | € 249,753 | ▲ 31% |
| Total debts | € 708,127 | € 796,374 | € 741,088 | € 448,923 | ▼ 39% |
| Cash | € 129,626 | € 160,315 | € 77,686 | € 16,077 | ▼ 79% |
| Retained profit | € 333,926 | € 204,099 | € 171,431 | € 231,161 | ▲ 35% |
| Bank debt | € 548,584 | € 151,979 | € 120,219 | € 121,377 | ▲ 1% |
| Balance sheet total | € 1,060,645 | € 1,019,065 | € 931,112 | € 698,676 | ▼ 25% |
Key figures of MASEMAR, 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 April 2027.
What happened to MASEMAR?
What happened at MASEMAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 59,730. filed late Source: NBB ↗
- Sebastien Demeulenaere became a director. NBB
- Malvine Vansteelant became a director. NBB
- New establishment in Roeselare. KBO
- Marc Demeulenaere became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 70,905 profit in 2022 to € 59,730 profit in 2025.
Paid € 34,873 in corporate taxes since 2022.
Best year ever: 2022, with € 70,905 profit.
Management
Behind MASEMAR are Marc Demeulenaere, Sebastien Demeulenaere and Malvine Vansteelant. Sebastien Demeulenaere is also behind DEMEULENAERE MARC.
Directors
According to the 2025 annual accounts
Marc Demeulenaere
Director
since 1998
since 2021
Malvine Vansteelant
Director
since 2006
Establishments
Establishment units
Physical locations of this company
Kruisabelestraat(Dran) 22
8951 Heuvelland
Monica Vancloosterstraat 50
8800 Roeselare
Active since 29 December 1998
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0464.700.076
- VAT number
- BE 0464.700.076
- Registered office
- Kruisabelestraat(Dran) 22, 8951 Heuvelland
- Names & denominations
- MASEMAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 1998
- Peppol
- Active · Active since 2 Sept 2025
- Activities · NACE
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