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 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MASIS from Brugge, company number BE0743593981, closed financial year 2025 with a result of € 4,591 after tax. For that financial year MASIS recorded a gross margin of € 84,160 and equity of € 56,140. Compared with financial year 2024, the result moved from € 5,846 to € 4,591. 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 July 30, 2026.
€ 56,140
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,591
▼ 21% vs 2024
Profit after tax over the fiscal year.
€ 78,698
▲ € 77,876 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 € 51,140.
People and assets in 2025
€ 36,600
▲ 2% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 29,531
▼ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 274,059
▼ 49% vs 2024
Loans from banks and other lenders, long and short.
€ 57,743
▲ € 57,055 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,185
▲ 54% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 75,347 | € 80,144 | € 85,672 | € 84,160 | ▼ 2% |
| Profit after taxes | € 19,551 | € 12,202 | € 5,846 | € 4,591 | ▼ 21% |
| Equity | € 33,500 | € 45,702 | € 51,548 | € 56,140 | ▲ 9% |
| Total debts | € 742,487 | € 742,829 | € 808,513 | € 579,731 | ▼ 28% |
| Cash | € 8,897 | € 8,372 | € 822 | € 78,698 | ▲ € 77,876 |
| Retained profit | € 28,500 | € 40,702 | € 46,548 | € 51,140 | ▲ 10% |
| Bank debt | € 376,950 | € 518,465 | € 535,000 | € 274,059 | ▼ 49% |
| Balance sheet total | € 775,987 | € 788,531 | € 860,061 | € 635,871 | ▼ 26% |
Key figures of MASIS, 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 MASIS?
What happened at MASIS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4,591 (▼ 21% vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- Masis Voskanian became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 19,551 profit in 2022 to € 4,591 profit in 2025.
Paid € 19,670 in corporate taxes since 2022.
Best year ever: 2022, with € 19,551 profit.
A new publication or filing at MASIS? 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
Directors
According to the 2025 annual accounts
Masis Voskanian
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Schouwvegersstraat 4
8000 Brugge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0743.593.981
- VAT number
- BE 0743.593.981
- Registered office
- Schouwvegersstraat 4, 8000 Brugge
- Names & denominations
- MASIS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 February 2020
- Peppol
- Active · Active since 10 Dec 2024
- Activities · NACE
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