What does MAS-IVO do?

MAS-IVO is a flooring and tiling contractor in Bornem. Private Limited, started on 29 December 2015, 1 establishment.

What is the address of MAS-IVO?

The registered office of MAS-IVO is located at Klein-Mechelen(BOR) 18B box 2, 2880 Bornem.

Is MAS-IVO still active?

Yes. According to the CBE (29 October 2026) MAS-IVO is active, legal situation “Normale toestand”, started on 29 December 2015.

Is MAS-IVO registered on Peppol?

Yes, MAS-IVO is registered on the Peppol network with ID 0208:0644928254.

What is the enterprise number of MAS-IVO?

The enterprise number of MAS-IVO is BE0644928254.

When was MAS-IVO founded?

MAS-IVO was founded on 29 December 2015.

Who are the directors of MAS-IVO?

According to the 2025 annual accounts, the directors of MAS-IVO are: Ivo Van Oorschot.

Is MAS-IVO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 December 2015; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did MAS-IVO make in 2025?

MAS-IVO recorded a loss after taxes of € 25,116 in financial year 2025.

What is the revenue of MAS-IVO?

As a small company, MAS-IVO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -5,801.

MAS-IVO (Private Limited) - Bornem - BE0644928254

Dossier MAS-IVO, printed on 29 October 2026 from databakkes.be/en/0644928254/mas-ivo. 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.

Tight liquidity NBB

Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MAS-IVO from Bornem, company number BE0644928254, closed financial year 2025 with a result of € -25,116 after tax. For that financial year MAS-IVO recorded a gross margin of € -5,801 and equity of € 53,337. Compared with financial year 2024, the result moved from € 25,100 to € -25,116. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 11, 2025.

What it is worth Healthy

€ 53,337

▼ 32% vs 2024

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

Loss Caution

€ -25,116

▼ still € 25,100 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 9,805

▼ 82% 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 € 34,737.

People and assets in 2025

Full-time equivalents estimate The annual accounts report no full-time equivalents. A micro company with one active director is usually run by that person; this is an assumption, not a figure from the source.

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Vehicles and equipment

€ 7,060

▼ 43% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 11 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.

€ 108,935

▼ 8% vs 2024

€ 9,642 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.

Owed to suppliers

€ 472

▼ 93% vs 2024

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

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 21,035 Gross margin 2022: € 21,035 First fiscal year in the series	€ 7,799 Gross margin 2023: € 7,799 ▼ 63% vs 2022 (€ 21,035) Unfavourable step	€ 46,063 Gross margin 2024: € 46,063 ▲ € 38,263 vs 2023 (€ 7,799) Favourable step	€ -5,801 Gross margin 2025: € -5,801 ▼ € 51,864 vs 2024 (€ 46,063) Unfavourable step	▼ € 51,864
Profit after taxes	€ 3,137 Profit after taxes 2022: € 3,137 First fiscal year in the series	€ -12,039 Profit after taxes 2023: € -12,039 ▼ € 15,176 vs 2022 (€ 3,137) Unfavourable step	€ 25,100 Profit after taxes 2024: € 25,100 ▲ € 37,139 vs 2023 (€ -12,039) Favourable step	€ -25,116 Profit after taxes 2025: € -25,116 ▼ € 50,216 vs 2024 (€ 25,100) Unfavourable step	▼ € 50,216
Equity	€ 65,391 Equity 2022: € 65,391 First fiscal year in the series	€ 53,352 Equity 2023: € 53,352 ▼ 18% vs 2022 (€ 65,391) Unfavourable step	€ 78,453 Equity 2024: € 78,453 ▲ 47% vs 2023 (€ 53,352) Favourable step	€ 53,337 Equity 2025: € 53,337 ▼ 32% vs 2024 (€ 78,453) Unfavourable step	▼ 32%
Total debts	€ 232,987 Total debts 2022: € 232,987 First fiscal year in the series	€ 229,845 Total debts 2023: € 229,845 ▼ 1% vs 2022 (€ 232,987) Favourable step	€ 219,568 Total debts 2024: € 219,568 ▼ 4% vs 2023 (€ 229,845) Favourable step	€ 183,202 Total debts 2025: € 183,202 ▼ 17% vs 2024 (€ 219,568) Favourable step	▼ 17%
Cash	€ 39,126 Cash 2022: € 39,126 First fiscal year in the series	€ 35,204 Cash 2023: € 35,204 ▼ 10% vs 2022 (€ 39,126) Unfavourable step	€ 55,063 Cash 2024: € 55,063 ▲ 56% vs 2023 (€ 35,204) Favourable step	€ 9,805 Cash 2025: € 9,805 ▼ 82% vs 2024 (€ 55,063) Unfavourable step	▼ 82%
Land & buildings	€ 228,561 Land & buildings 2022: € 228,561 First fiscal year in the series	€ 219,273 Land & buildings 2023: € 219,273 ▼ 4% vs 2022 (€ 228,561) Unchanged	€ 209,985 Land & buildings 2024: € 209,985 ▼ 4% vs 2023 (€ 219,273) Unchanged	€ 200,696 Land & buildings 2025: € 200,696 ▼ 4% vs 2024 (€ 209,985) Unchanged	▼ 4%
Retained profit	€ 46,791 Retained profit 2022: € 46,791 First fiscal year in the series	€ 34,752 Retained profit 2023: € 34,752 ▼ 26% vs 2022 (€ 46,791) Unfavourable step	€ 59,853 Retained profit 2024: € 59,853 ▲ 72% vs 2023 (€ 34,752) Favourable step	€ 34,737 Retained profit 2025: € 34,737 ▼ 42% vs 2024 (€ 59,853) Unfavourable step	▼ 42%
Bank debt	€ 137,088 Bank debt 2022: € 137,088 First fiscal year in the series	€ 127,828 Bank debt 2023: € 127,828 ▼ 7% vs 2022 (€ 137,088) Favourable step	€ 118,447 Bank debt 2024: € 118,447 ▼ 7% vs 2023 (€ 127,828) Favourable step	€ 108,935 Bank debt 2025: € 108,935 ▼ 8% vs 2024 (€ 118,447) Favourable step	▼ 8%
Balance sheet total	€ 298,379 Balance sheet total 2022: € 298,379 First fiscal year in the series	€ 283,197 Balance sheet total 2023: € 283,197 ▼ 5% vs 2022 (€ 298,379) Unchanged	€ 298,021 Balance sheet total 2024: € 298,021 ▲ 5% vs 2023 (€ 283,197) Unchanged	€ 236,539 Balance sheet total 2025: € 236,539 ▼ 21% vs 2024 (€ 298,021) Unchanged	▼ 21%

Key figures of MAS-IVO, 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 MAS-IVO?

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

Dec 11, 2025 New annual accounts for financial year 2025: loss of € 25,116 (▼ € 50,216 vs 2024). Source: NBB ↗
Dec 29, 2015 New establishment in Bornem. KBO
Dec 29, 2015 Start of the company according to the CBE. KBO

In short

From € 3,137 profit in 2022 to € 25,116 loss in 2025.

Best year ever: 2024, with € 25,100 profit.

Original PDFs at the National Bank ↗

Management

Ivo Van Oorschot

MAS-IVO

Behind MAS-IVO is Ivo Van Oorschot.

Directors

According to the 2025 annual accounts

Ivo Van Oorschot

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Klein-Mechelen(BOR) 18B box 2

2880 Bornem

2.249.385.656

Klein-Mechelen(BOR) 18b box 2

2880 Bornem

Active since 29 December 2015

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.

All companies at this address →

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VDS Machineservice

€ 82,282 gross margin · 2025

Lapithen

€ 28,101 gross margin · 2025

+4 more

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

Details

Company number

0644.928.254

VAT number

BE 0644.928.254

Registered office

Klein-Mechelen(BOR) 18B bus 2, 2880 Bornem

Names & denominations

MAS-IVO

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

29 December 2015

Peppol

Active · Active since 15 Dec 2025

Activities · NACE

Plaatsen van vloer- en wandtegels

Stukadoorswerk

Installatie van isolatie

Plaatsen van vloerbedekking en wandbekleding van hout

Detailhandel in wand- en vloertegels

Isolatiewerkzaamheden

View on CBE Public ↗ Annual accounts (NBB) ↗

MAS-IVO

Warning lights

Financials

What happened to MAS-IVO?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions