Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
MASCO HEATING from Hasselt, company number BE0465446481, closed financial year 2023 with a result of € 764 after tax. For that financial year MASCO HEATING recorded a gross margin of € 66,123 and equity of € 32,761. Compared with financial year 2022, the result moved from € 6,746 to € 764. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 27, 2024.
€ 32,761
▲ 2% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 764
▼ 89% vs 2022
Profit after tax over the fiscal year.
€ 4,005
▲ € 3,708 vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € 14,169.
People and assets in 2023
€ 58,525
▲ 97% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 6,079
▼ 14% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 1,380
▼ 58% vs 2022
Loans from banks and other lenders, long and short.
€ 47,012
▲ 6% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 19,987
▲ 45% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 39,027 | € 47,447 | € 66,123 | ▲ 39% |
| Profit after taxes | € 15,006 | € 6,746 | € 764 | ▼ 89% |
| Equity | € 25,252 | € 31,997 | € 32,761 | ▲ 2% |
| Total debts | € 29,637 | € 78,228 | € 74,322 | ▼ 5% |
| Cash | € 3,924 | € 297 | € 4,005 | ▲ € 3,708 |
| Land & buildings | € 3,090 | € 4,158 | € 8,330 | ▲ 100% |
| Retained profit | € 6,660 | € 13,405 | € 14,169 | ▲ 6% |
| Bank debt | € 0 | € 3,250 | € 1,380 | ▼ 58% |
| Balance sheet total | € 54,889 | € 110,226 | € 107,083 | ▼ 3% |
Key figures of MASCO HEATING, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to MASCO HEATING?
What happened at MASCO HEATING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MASCO HEATING is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 764 (▼ 89% vs 2022). Source: NBB ↗
- New establishment in Bilzen-Hoeselt. KBO
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,006 profit in 2021 to € 764 profit in 2023.
Paid € 6,008 in corporate taxes since 2021.
Best year ever: 2021, with € 15,006 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MASCO HEATING are Wendy De Groot and Michael Salemi.
Directors
According to the 2023 annual accounts
Wendy De Groot
Manager
Michael Salemi
Manager
Establishments
Establishment units
Physical locations of this company
Sint-Truidersteenweg 477
3500 Hasselt
Industrielaan 1
3730 Bilzen-Hoeselt
Active since 1 April 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.446.481
- VAT number
- BE 0465.446.481
- Registered office
- Sint-Truidersteenweg 477, 3500 Hasselt
- Names & denominations
- MASCO HEATING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 15 February 1999
- Peppol
- Not registered
- Activities · NACE
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