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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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MASHATU from Pepingen, company number BE0633659824, closed financial year 2025 with a result of € 10,294 after tax. For that financial year MASHATU recorded revenue of € 152,185 and equity of € 14,944. Compared with financial year 2024, the result moved from € 14,828 to € 10,294. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 14,944
▲ 69% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,294
▼ 31% vs 2024
Profit after tax over the fiscal year.
€ 1,195
▼ 90% 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 € -3,656.
People and assets in 2025
€ 4,579
▼ 48% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,964
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,176
▼ 9% 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 | |
|---|---|---|---|---|---|
| Revenue | € 66,515 | € 69,739 | € 132,002 | € 152,185 | ▲ 15% |
| Gross margin | € 33,869 | € 27,503 | € 60,450 | € 25,236 | ▼ 58% |
| Profit after taxes | € 11,989 | € 4,247 | € 14,828 | € 10,294 | ▼ 31% |
| Equity | € -10,214 | € -5,967 | € 8,860 | € 14,944 | ▲ 69% |
| Total debts | € 58,184 | € 39,768 | € 568,298 | € 549,723 | ▼ 3% |
| Cash | € 2,784 | € 120 | € 12,391 | € 1,195 | ▼ 90% |
| Retained profit | € -28,814 | € -24,567 | € -9,740 | € -3,656 | ▲ € 6,084 |
| Bank debt | € 17,552 | € 7,977 | € 0 | € 0 | |
| Balance sheet total | € 47,970 | € 33,801 | € 577,158 | € 564,666 | ▼ 2% |
Key figures of MASHATU, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MASHATU?
What happened at MASHATU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 10,294 (▼ 31% vs 2024). Source: NBB ↗
- Jana Walraed became a director. NBB
- New establishment in Pepingen. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,989 profit in 2022 to € 10,294 profit in 2025.
Paid € 13,261 in corporate taxes since 2022.
Best year ever: 2024, with € 14,828 profit.
Management
Behind MASHATU are Jana Walraed and François Holvoet. It owns GREGOIRE NV itself.
Directors
According to the 2025 annual accounts
Jana Walraed
Manager
since 2019
Establishments
Establishment units
Physical locations of this company
Neerstraat(H) 25
1670 Pepingen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0633.659.824
- VAT number
- BE 0633.659.824
- Registered office
- Neerstraat(H) 25, 1670 Pepingen
- Names & denominations
- MASHATU
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 July 2015
- Peppol
- Active · Active since 4 Nov 2025
- Activities · NACE
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