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.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MASUVAN from Ledegem, company number BE0476684526, closed financial year 2025 with a result of € 2,783 after tax. For that financial year MASUVAN recorded a gross margin of € 53,300 and equity of € -72,990. Compared with financial year 2024, the result moved from € 4,280 to € 2,783. The company is profitable. 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 August 31, 2026.
€ -72,990
▲ € 2,783 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,783
▼ 35% vs 2024
Profit after tax over the fiscal year.
€ 1,701
▼ 59% 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 € -91,590.
People and assets in 2025
€ 46,630
▼ 1% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5,888
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,506
▼ 38% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 37,579 | € 45,042 | € 56,507 | € 53,300 | ▼ 6% |
| Profit after taxes | € -293 | € -2,364 | € 4,280 | € 2,783 | ▼ 35% |
| Equity | € -77,690 | € -80,054 | € -75,774 | € -72,990 | ▲ € 2,783 |
| Total debts | € 95,532 | € 96,786 | € 90,027 | € 84,060 | ▼ 7% |
| Cash | € 2,427 | € 3,689 | € 4,192 | € 1,701 | ▼ 59% |
| Retained profit | € -96,290 | € -98,654 | € -94,374 | € -91,590 | ▲ € 2,783 |
| Balance sheet total | € 17,842 | € 16,733 | € 14,253 | € 11,069 | ▼ 22% |
Key figures of MASUVAN, 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 MASUVAN?
What happened at MASUVAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,783 (▼ 35% vs 2024). filed late Source: NBB ↗
- New establishment in Ledegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 293 loss in 2022 to € 2,783 profit in 2025.
Best year ever: 2024, with € 4,280 profit.
Management
Behind MASUVAN are Tony Masure and Tania Van Paemele.
Directors
According to the 2025 annual accounts
Tony Masure
Director
Tania Van Paemele
Director
Establishments
Establishment units
Physical locations of this company
Stationsstraat 9
8880 Ledegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.684.526
- VAT number
- BE 0476.684.526
- Registered office
- Stationsstraat 9, 8880 Ledegem
- Names & denominations
- MASUVAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 January 2002
- Peppol
- Active · Active since 16 Jul 2025
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Overige reiniging van gebouwen; industriële reiniging
Industriële reiniging
Eetgelegenheden met beperkte bediening
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Overige niet-gespecialiseerde detailhandel in winkels in overwegend voedings- en genotmiddelen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)