Financials
Financial year 2025
MAS from Ukkel, company number BE0470206609, closed financial year 2025 with a result of € -25,382 after tax. For that financial year MAS recorded a gross margin of € 50,944 and equity of € 624,727. Compared with financial year 2024, the result moved from € 60,079 to € -25,382. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 624,727
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -25,382
▼ still € 60,079 profit in 2024
Profit after tax over the fiscal year.
€ 18,393
▼ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 24,727.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 1,355
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
Loans from banks and other lenders, long and short.
€ 60,711
▲ € 58,234 vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 101,940 | € 119,396 | € 118,538 | € 50,944 | ▼ 57% |
| Profit after taxes | € 58,352 | € 66,365 | € 60,079 | € -25,382 | ▼ € 85,461 |
| Equity | € 631,665 | € 640,030 | € 650,109 | € 624,727 | ▼ 4% |
| Total debts | € 18,132 | € 109,300 | € 59,101 | € 1,233,256 | ▲ € 1.2 million |
| Cash | € 130,770 | € 147,235 | € 121,369 | € 18,393 | ▼ 85% |
| Land & buildings | € 240,916 | € 215,372 | € 192,001 | € 446,056 | ▲ 132% |
| Retained profit | € 31,665 | € 40,030 | € 50,109 | € 24,727 | ▼ 51% |
| Dividend | € 0 | € 58,000 | € 50,000 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 0 | € 0 | € 1,160,000 | |
| Balance sheet total | € 649,797 | € 749,330 | € 709,210 | € 1,857,983 | ▲ 162% |
Key figures of MAS, 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 MAS?
What happened at MAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- P.B Brussel Société Anonyme stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 25,382 (▼ € 85,461 vs 2024). Source: NBB ↗
- FINALMA SPRL became a director. NBB
- P.B Brussel Société Anonyme became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 58,352 profit in 2022 to € 25,382 loss in 2025.
Paid € 40,150 in corporate taxes since 2022.
Best year ever: 2023, with € 66,365 profit.
Paid out € 108,000 in dividends to the owners in total.
A new publication or filing at MAS? We notify you, reason included.
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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
The stake of RAS EUROPE, TAS EUROPROJECTS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MASBehind MAS is FINALMA SPRL. The shares are held by P.B Brussel, RAS EUROPE (30.2%) and TAS EUROPROJECTS (4.8%).
Directors
According to the 2025 annual accounts
since 2025
Director · represented by Alain DE FRENNE
Also active at: Compagnie générale Mifra, ALMA IMMO, RAS EUROPE
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Wellingtonlaan 124
1180 Ukkel
Spastraat 18
1000 Brussel
Active since 9 May 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Compagnie générale Mifra same network
€ -372,309 gross margin · 2025
RAS EUROPE same network
€ 263,977 gross margin · 2025
Healing Therapy
€ -993 gross margin · 2025
PB-AI
Mobil22
€ 26,665 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0470.206.609
- VAT number
- BE 0470.206.609
- Registered office
- Wellingtonlaan 124, 1180 Ukkel
- Names & denominations
- MAS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 January 2000
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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