What does MASSICO do?

MASSICO is a joinery in Menen. Private Limited, started on 26 December 2012, 1 establishment.

What is the address of MASSICO?

The registered office of MASSICO is located at Krommebeekstraat 45, 8930 Menen.

Is MASSICO still active?

Yes. According to the CBE (29 October 2026) MASSICO is active, legal situation “Normale toestand”, started on 26 December 2012.

Is MASSICO registered on Peppol?

Yes, MASSICO is registered on the Peppol network with ID 0208:0508708283.

What is the enterprise number of MASSICO?

The enterprise number of MASSICO is BE0508708283.

When was MASSICO founded?

MASSICO was founded on 26 December 2012.

Who are the directors of MASSICO?

According to the 2025 annual accounts, the directors of MASSICO are: Peter Vankeirsbilck, Vincent Vankeirsbilck.

Is MASSICO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 26 December 2012; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did MASSICO make in 2025?

MASSICO recorded a loss after taxes of € 208,208 in financial year 2025.

What is the revenue of MASSICO?

As a small company, MASSICO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -6,198.

How much does an employee at MASSICO earn?

The average wage cost per full-time employee at MASSICO was € 48,100 in 2025: staff costs of € 192,316 for 4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MASSICO have?

According to the 2025 annual accounts, MASSICO has 4 full-time equivalents (FTE).

MASSICO (Private Limited) - Menen - BE0508708283

Dossier MASSICO, printed on 29 October 2026 from databakkes.be/en/0508708283/massico. 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.

Negative equity NBB

More debt than assets in 2 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MASSICO from Menen, company number BE0508708283, closed financial year 2025 with a result of € -208,208 after tax. For that financial year MASSICO recorded a gross margin of € -6,198 and equity of € -244,279. Compared with financial year 2024, the result moved from € -168,274 to € -208,208. The company made a loss. 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 July 30, 2026.

What it is worth Caution

€ -244,279

▼ € 108,208 vs 2024

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

Loss Caution

€ -208,208

▼ 24 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 35,517

▲ 27% 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 € -362,879.

People and assets in 2025

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 192,316

▼ 21% vs 2024

€ 48,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 1,850

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 135,416

▲ 35% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 356,409

▲ 116% vs 2024

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

Taxes and wages

€ 24,411

▼ 66% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 254,495 Gross margin 2022: € 254,495 First fiscal year in the series	€ 182,514 Gross margin 2023: € 182,514 ▼ 28% vs 2022 (€ 254,495) Unfavourable step	€ 96,243 Gross margin 2024: € 96,243 ▼ 47% vs 2023 (€ 182,514) Unfavourable step	€ -6,198 Gross margin 2025: € -6,198 ▼ € 102,441 vs 2024 (€ 96,243) Unfavourable step	▼ € 102,441
Profit after taxes	€ -13,372 Profit after taxes 2022: € -13,372 First fiscal year in the series	€ -39,586 Profit after taxes 2023: € -39,586 ▼ € 26,214 vs 2022 (€ -13,372) Unfavourable step	€ -168,274 Profit after taxes 2024: € -168,274 ▼ € 128,688 vs 2023 (€ -39,586) Unfavourable step	€ -208,208 Profit after taxes 2025: € -208,208 ▼ € 39,934 vs 2024 (€ -168,274) Unfavourable step	▼ € 39,934
Equity	€ 71,789 Equity 2022: € 71,789 First fiscal year in the series	€ 32,203 Equity 2023: € 32,203 ▼ 55% vs 2022 (€ 71,789) Unfavourable step	€ -136,071 Equity 2024: € -136,071 ▼ € 168,274 vs 2023 (€ 32,203) Unfavourable step	€ -244,279 Equity 2025: € -244,279 ▼ € 108,208 vs 2024 (€ -136,071) Unfavourable step	▼ € 108,208
Total debts	€ 434,106 Total debts 2022: € 434,106 First fiscal year in the series	€ 319,279 Total debts 2023: € 319,279 ▼ 26% vs 2022 (€ 434,106) Favourable step	€ 371,117 Total debts 2024: € 371,117 ▲ 16% vs 2023 (€ 319,279) Unfavourable step	€ 516,235 Total debts 2025: € 516,235 ▲ 39% vs 2024 (€ 371,117) Unfavourable step	▲ 39%
Cash	€ 88,596 Cash 2022: € 88,596 First fiscal year in the series	€ 40,841 Cash 2023: € 40,841 ▼ 54% vs 2022 (€ 88,596) Unfavourable step	€ 27,990 Cash 2024: € 27,990 ▼ 31% vs 2023 (€ 40,841) Unfavourable step	€ 35,517 Cash 2025: € 35,517 ▲ 27% vs 2024 (€ 27,990) Favourable step	▲ 27%
Land & buildings	€ 327 Land & buildings 2022: € 327 First fiscal year in the series	€ 218 Land & buildings 2023: € 218 ▼ 33% vs 2022 (€ 327) Unchanged	€ 109 Land & buildings 2024: € 109 ▼ 50% vs 2023 (€ 218) Unchanged	€ 0 Land & buildings 2025: € 0 ▼ 100% vs 2024 (€ 109) Unchanged	▼ 100%
Retained profit	€ 53,189 Retained profit 2022: € 53,189 First fiscal year in the series	€ 13,603 Retained profit 2023: € 13,603 ▼ 74% vs 2022 (€ 53,189) Unfavourable step	€ -154,671 Retained profit 2024: € -154,671 ▼ € 168,274 vs 2023 (€ 13,603) Unfavourable step	€ -362,879 Retained profit 2025: € -362,879 ▼ € 208,208 vs 2024 (€ -154,671) Unfavourable step	▼ € 208,208
Bank debt	€ 160,000 Bank debt 2022: € 160,000 First fiscal year in the series	€ 100,000 Bank debt 2023: € 100,000 ▼ 37% vs 2022 (€ 160,000) Favourable step	€ 100,000 Bank debt 2024: € 100,000 Unchanged (€ 100,000) Unchanged	€ 135,416 Bank debt 2025: € 135,416 ▲ 35% vs 2024 (€ 100,000) Unfavourable step	▲ 35%
Balance sheet total	€ 505,895 Balance sheet total 2022: € 505,895 First fiscal year in the series	€ 351,482 Balance sheet total 2023: € 351,482 ▼ 31% vs 2022 (€ 505,895) Unchanged	€ 235,046 Balance sheet total 2024: € 235,046 ▼ 33% vs 2023 (€ 351,482) Unchanged	€ 271,956 Balance sheet total 2025: € 271,956 ▲ 16% vs 2024 (€ 235,046) Unchanged	▲ 16%
Employees (FTE)	-	-	-	4 Employees (FTE) 2025: 4 First fiscal year in the series

Key figures of MASSICO, 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 MASSICO?

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

Jul 30, 2026 New annual accounts for financial year 2025: loss of € 208,208. Source: NBB ↗
2025 Peter Vankeirsbilck became a director. NBB
2025 Vincent Vankeirsbilck became a director. NBB
Dec 26, 2012 New establishment in Manage. KBO
Dec 26, 2012 Start of the company according to the CBE. KBO

In short

From € 13,372 loss in 2022 to € 208,208 loss in 2025.

Paid € 38,912 in corporate taxes since 2022.

Original PDFs at the National Bank ↗

Management

Jema 51.5%

The stake of Jema comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

MASSICO

Behind MASSICO are Peter Vankeirsbilck and Vincent Vankeirsbilck. The shares are held by Jema (51.5%).

Directors

According to the 2025 annual accounts

Peter Vankeirsbilck

Director

Also active at: WOODPROJECT -DEL SOL, TRIXXIMMO, ALVERENIGD, LA COMPAGNIE DE B.E.F., ADVIES IN VASTGOED, V&V HOMES

since 2025

Vincent Vankeirsbilck

Director

Also active at: MI CASA, VALORES

since 2025

Shareholders

Jema

51.5%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Krommebeekstraat 45

8930 Menen

2.216.575.704

rue du Chenia 11 box A

7170 Manage

Active since 26 December 2012

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

WOODPROJECT -DEL SOL same network

€ 982,074 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: 0508.708.283
VAT number: BE 0508.708.283
Registered office: Krommebeekstraat 45, 8930 Menen
Names & denominations: MASSICO
Enterprise type: Rechtspersoon
Legal form: Private limited company
Legal situation: Normale toestand
Start date: 26 December 2012
Peppol: Active · Active since 10 Dec 2025
Activities · NACE: Vervaardiging van ander schrijn- en timmerwerk

View on CBE Public ↗ Annual accounts (NBB) ↗