What is the address of MASITI?

The registered office of MASITI is located at Galjoenstraat 12 box 5.01, 9000 Gent.

Is MASITI still active?

Yes. According to the CBE (29 October 2026) MASITI is active, legal situation “Normale toestand”, started on 21 March 2003.

Is MASITI registered on Peppol?

Yes, MASITI is registered on the Peppol network with ID 0208:0479826039.

What is the enterprise number of MASITI?

The enterprise number of MASITI is BE0479826039.

When was MASITI founded?

MASITI was founded on 21 March 2003.

Who are the directors of MASITI?

According to the 2025 annual accounts, the directors of MASITI are: Mathias Waes, Lode Waes.

Is MASITI a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 21 March 2003; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did MASITI make in 2025?

MASITI recorded a loss after taxes of € 20,548 in financial year 2025.

What is the revenue of MASITI?

As a small company, MASITI is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 347,184.

MASITI (Private Limited) - Gent - BE0479826039

Q: What does MASITI do?

MASITI is registered with the CBE as active in: Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies. Private Limited, started on 21 March 2003, 1 establishment.

Dossier MASITI, printed on 29 October 2026 from databakkes.be/en/0479826039/masiti. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MASITI from Gent, company number BE0479826039, closed financial year 2025 with a result of € -20,548 after tax. For that financial year MASITI recorded a gross margin of € 347,184 and equity of € 3.8 million. Compared with financial year 2024, the result moved from € -78,375 to € -20,548. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.

What it is worth Healthy

€ 3.8 million

▼ 1% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -20,548

▲ 74 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 81,618

▲ 67% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 3.1 million.

People and assets in 2025

Vehicles and equipment

€ 56,183

▼ 35% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 6 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 563,191

▼ 14% vs 2024

€ 91,690 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 14,027

▲ 6% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 14,563

▲ 9% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 188,640 Gross margin 2022: € 188,640 First fiscal year in the series	€ 111,810 Gross margin 2023: € 111,810 ▼ 41% vs 2022 (€ 188,640) Unfavourable step	€ 20,735 Gross margin 2024: € 20,735 ▼ 81% vs 2023 (€ 111,810) Unfavourable step	€ 347,184 Gross margin 2025: € 347,184 ▲ € 326,449 vs 2024 (€ 20,735) Favourable step	▲ € 326,449
Profit after taxes	€ 184,628 Profit after taxes 2022: € 184,628 First fiscal year in the series	€ -133,947 Profit after taxes 2023: € -133,947 ▼ € 318,575 vs 2022 (€ 184,628) Unfavourable step	€ -78,375 Profit after taxes 2024: € -78,375 ▲ € 55,572 vs 2023 (€ -133,947) Favourable step	€ -20,548 Profit after taxes 2025: € -20,548 ▲ € 57,827 vs 2024 (€ -78,375) Favourable step	▲ € 57,827
Equity	€ 4,460,437 Equity 2022: € 4,460,437 First fiscal year in the series	€ 4,312,137 Equity 2023: € 4,312,137 ▼ 3% vs 2022 (€ 4,460,437) Unfavourable step	€ 3,834,352 Equity 2024: € 3,834,352 ▼ 11% vs 2023 (€ 4,312,137) Unfavourable step	€ 3,811,550 Equity 2025: € 3,811,550 ▼ 1% vs 2024 (€ 3,834,352) Unfavourable step	▼ 1%
Total debts	€ 1,307,571 Total debts 2022: € 1,307,571 First fiscal year in the series	€ 1,700,907 Total debts 2023: € 1,700,907 ▲ 30% vs 2022 (€ 1,307,571) Unfavourable step	€ 2,274,476 Total debts 2024: € 2,274,476 ▲ 34% vs 2023 (€ 1,700,907) Unfavourable step	€ 2,299,977 Total debts 2025: € 2,299,977 ▲ 1% vs 2024 (€ 2,274,476) Unfavourable step	▲ 1%
Cash	€ 418,318 Cash 2022: € 418,318 First fiscal year in the series	€ 529,633 Cash 2023: € 529,633 ▲ 27% vs 2022 (€ 418,318) Favourable step	€ 48,768 Cash 2024: € 48,768 ▼ 91% vs 2023 (€ 529,633) Unfavourable step	€ 81,618 Cash 2025: € 81,618 ▲ 67% vs 2024 (€ 48,768) Favourable step	▲ 67%
Land & buildings	€ 2,280,719 Land & buildings 2022: € 2,280,719 First fiscal year in the series	€ 2,212,433 Land & buildings 2023: € 2,212,433 ▼ 3% vs 2022 (€ 2,280,719) Unchanged	€ 2,136,430 Land & buildings 2024: € 2,136,430 ▼ 3% vs 2023 (€ 2,212,433) Unchanged	€ 2,009,895 Land & buildings 2025: € 2,009,895 ▼ 6% vs 2024 (€ 2,136,430) Unchanged	▼ 6%
Retained profit	€ 3,737,728 Retained profit 2022: € 3,737,728 First fiscal year in the series	€ 3,589,427 Retained profit 2023: € 3,589,427 ▼ 4% vs 2022 (€ 3,737,728) Unfavourable step	€ 3,111,643 Retained profit 2024: € 3,111,643 ▼ 13% vs 2023 (€ 3,589,427) Unfavourable step	€ 3,088,840 Retained profit 2025: € 3,088,840 ▼ 1% vs 2024 (€ 3,111,643) Unfavourable step	▼ 1%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 387,820 Dividend 2024: € 387,820 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 387,820) Unchanged	▼ 100%
Bank debt	€ 1,085,078 Bank debt 2022: € 1,085,078 First fiscal year in the series	€ 752,849 Bank debt 2023: € 752,849 ▼ 31% vs 2022 (€ 1,085,078) Favourable step	€ 658,053 Bank debt 2024: € 658,053 ▼ 13% vs 2023 (€ 752,849) Favourable step	€ 563,191 Bank debt 2025: € 563,191 ▼ 14% vs 2024 (€ 658,053) Favourable step	▼ 14%
Balance sheet total	€ 5,768,009 Balance sheet total 2022: € 5,768,009 First fiscal year in the series	€ 6,013,043 Balance sheet total 2023: € 6,013,043 ▲ 4% vs 2022 (€ 5,768,009) Unchanged	€ 6,108,828 Balance sheet total 2024: € 6,108,828 ▲ 2% vs 2023 (€ 6,013,043) Unchanged	€ 6,111,526 Balance sheet total 2025: € 6,111,526 Unchanged (€ 6,108,828) Unchanged

Key figures of MASITI, 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 October 2026.

What happened to MASITI?

What happened at MASITI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Oct 31, 2025 New annual accounts for financial year 2025: loss of € 20,548. Source: NBB ↗
Apr 14, 2003 New establishment in Merelbeke-Melle. KBO
Mar 21, 2003 Start of the company according to the CBE. KBO
2003 Lode Waes became a director. NBB

In short

From € 184,628 profit in 2022 to € 20,548 loss in 2025.

Paid € 58,797 in corporate taxes since 2022.

Best year ever: 2022, with € 184,628 profit.

Paid out € 387,820 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Mathias Waes

Lode Waes

MASITI

CAAAP 30%

Artes Terra 30%

Artes Reno 30%

Behind MASITI are Mathias Waes and Lode Waes. It owns 30% of CAAAP, 30% of Artes Terra and 30% of Artes Reno itself.

Directors

According to the 2025 annual accounts

Mathias Waes

Director

Lode Waes

Director

since 2003

Establishments

Establishment units

Physical locations of this company

Registered office

Galjoenstraat 12 box 5.01

9000 Gent

2.126.614.142

Collegebaan 25A

9090 Merelbeke-Melle

Active since 14 April 2003

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

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€ -41,828 gross margin · 2025

CLEAN ENERGY INNOVATIVE PROJECTS

€ 98,757 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0479.826.039

VAT number

BE 0479.826.039

Registered office

Galjoenstraat 12 bus 5.01, 9000 Gent

Names & denominations

MASITI

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

21 March 2003

Peppol

Active · Active since 21 Oct 2026

Activities · NACE

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsvoering en beheer

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

Activiteiten van holdings

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Holdings

View on CBE Public ↗ Annual accounts (NBB) ↗

MASITI

Warning lights

Financials

What happened to MASITI?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions