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 1 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MASU Works from Kruisem, company number BE0629719347, closed financial year 2025 with a result of € -32,399 after tax. For that financial year MASU Works recorded a gross margin of € -9,208 and equity of € -25,538. Compared with financial year 2024, the result moved from € 1,140 to € -32,399. 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 March 27, 2026.
€ -25,538
▼ € 32,399 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -32,399
▼ still € 1,140 profit in 2024
Profit after tax over the fiscal year.
€ 5,188
▲ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -125,538.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,927
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 10,115
▲ € 9,869 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,069
▼ 56% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -5,894 | € -6,507 | € 12,781 | € -9,208 | ▼ € 21,989 |
| Profit after taxes | € -20,935 | € -18,537 | € 1,140 | € -32,399 | ▼ € 33,539 |
| Equity | € 24,259 | € 5,722 | € 6,861 | € -25,538 | ▼ € 32,399 |
| Total debts | € 90,026 | € 90,498 | € 91,676 | € 168,005 | ▲ 83% |
| Cash | € 21,285 | € 8,360 | € 3,659 | € 5,188 | ▲ 42% |
| Retained profit | € -75,741 | € -94,278 | € -93,139 | € -125,538 | ▼ € 32,399 |
| Balance sheet total | € 114,285 | € 96,219 | € 98,537 | € 142,467 | ▲ 45% |
Key figures of MASU Works, 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 MASU Works?
What happened at MASU Works in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 32,399 (▼ € 33,539 vs 2024). Source: NBB ↗
- New establishment in Kruisem. KBO
- Start of the company according to the CBE. KBO
In short
From € 20,935 loss in 2022 to € 32,399 loss in 2025.
Best year ever: 2024, with € 1,140 profit.
Management
The stake of MASU Technics comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MASU WorksBehind MASU Works is Mathieu Suys. The shares are held by MASU Technics (50%).
Directors
According to the 2025 annual accounts
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Wortegemstraat (Nok) 22
9771 Kruisem
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0629.719.347
- VAT number
- BE 0629.719.347
- Registered office
- Wortegemstraat (Nok) 22, 9771 Kruisem
- Names & denominations
- MASU Works
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 2015
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Installatie van industriële machines, toestellen en werktuigen
Opsporings- en particuliere beveiligingsdiensten
Beveiligingsactiviteiten, neg
Ontwerpen van computerprogramma’s
Detailhandel in ICT-apparatuur
Fokken en houden van kamelen en andere kameelachtigen
Particuliere beveiliging
Ontwerpen en programmeren van computerprogramma's
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