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 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MashCo from Sint-Martens-Latem, company number BE0731839660, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year MashCo recorded revenue of € 5.8 million and equity of € 38.9 million. Compared with financial year 2024, the result moved from € 937,189 to € 1.5 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 38.9 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ 62% vs 2024
Profit after tax over the fiscal year.
€ 334,594
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 375,000 paid out
25 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
15.3
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▼ 6% vs 2024
€ 105,200 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.
Debts at end 2025
€ 7.7 million
▼ 38% vs 2024
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 429,278
▲ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 71 days on average.
€ 480,014
▲ 25% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,442,665 | € 4,064,570 | € 5,263,929 | € 5,835,875 | ▲ 11% |
| Profit after taxes | € 5,354,055 | € -4,359,367 | € 937,189 | € 1,514,376 | ▲ 62% |
| Equity | € 41,798,103 | € 37,438,736 | € 37,775,925 | € 38,915,301 | ▲ 3% |
| Total debts | € 26,170,220 | € 25,973,734 | € 25,755,189 | € 21,188,865 | ▼ 18% |
| Cash | € 58,030 | € 349,178 | € 719,187 | € 334,594 | ▼ 53% |
| Retained profit | € 12,642,103 | € 8,282,736 | € 8,619,925 | € 9,759,301 | ▲ 13% |
| Dividend | € 150,000 | € 0 | € 600,000 | € 375,000 | ▼ 37% |
| Bank debt | € 20,749,697 | € 17,530,274 | € 12,334,823 | € 7,689,095 | ▼ 38% |
| Balance sheet total | € 67,968,323 | € 63,412,470 | € 63,531,114 | € 60,104,166 | ▼ 5% |
| Employees (FTE) | - | - | 15.4 | 15.3 | ▼ 0.1 |
Key figures of MashCo, 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 MashCo?
What happened at MashCo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MASHKEN BV stepped down as director. NBB
- VERLOON stepped down as director. NBB
- Christian DE WOLF stepped down as director. NBB
- ROBOONA BVBA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.5 million (▲ 62% vs 2024). Source: NBB ↗
- KANATA NV stepped down as director. NBB
- MASHKEN BV became a director. NBB
- New establishment in Wetteren. KBO
In short
From € 5.4 million profit in 2022 to € 1.5 million profit in 2025.
Paid € 2,504 in corporate taxes since 2022.
Best year ever: 2022, with € 5.4 million profit.
Paid out € 1.1 million in dividends to the owners in total.
A new publication or filing at MashCo? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 100% of Confiserie van damme itself.
Directors
According to the 2025 annual accounts
Director · represented by Filip Versele
since 2019 · until 2028
Director · represented by Louis Versele
since 2025 · until 2031
Christian DE WOLF
Director
Also active at: HOF TER MAELE, HC INVEST, ONYX & Co., Mirage4D, Bertonfire, Alberts Soup, WOLFMAN, CONSTRUCT3D +3 more
since 2019 · until 2028
since 2019 · until 2028
Establishments
Establishment units
Physical locations of this company
Leiepark 14
9831 Sint-Martens-Latem
Voordestraat 34
9230 Wetteren
Active since 1 April 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →VCFL2 Invest
€ -2,438 gross margin · 2025
CARLAN
€ -3,304 gross margin · 2025
Filosan
KANATA same network
€ 641,399 gross margin · 2025
FILOFREE
+1 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
- 0731.839.660
- VAT number
- BE 0731.839.660
- Registered office
- Leiepark 14, 9831 Sint-Martens-Latem
- Names & denominations
- MashCo
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 2019
- Peppol
- Active · Active since 4 Aug 2025
- Activities · NACE
Activiteiten van holdings
Holdings