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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Negative equity NBB
More debt than assets in 2 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
MAS Energy Group from Jalhay, company number BE0788744810, closed financial year 2025 with a result of € -18,965 after tax. For that financial year MAS Energy Group recorded a gross margin of € -1,532 and equity of € -11,624. Compared with financial year 2024, the result moved from € -41,407 to € -18,965. 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 July 31, 2026.
€ -11,624
▼ € 18,965 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -18,965
▲ 54 % less loss than in 2024
Profit after tax over the fiscal year.
€ 15,588
▼ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -88,214.
Debts at end 2025
€ 604,007
▲ 216% vs 2024
€ 48,567 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 1,086
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -15,300 | € -5,973 | € -1,532 | ▲ € 4,441 |
| Profit after taxes | € -72,329 | € -41,407 | € -18,965 | ▲ € 22,442 |
| Equity | € -22,329 | € 7,341 | € -11,624 | ▼ € 18,965 |
| Total debts | € 1,729,979 | € 851,333 | € 866,583 | ▲ 2% |
| Cash | € 38,568 | € 19,012 | € 15,588 | ▼ 18% |
| Retained profit | € -72,329 | € -69,249 | € -88,214 | ▼ € 18,965 |
| Bank debt | € 628,571 | € 191,001 | € 604,007 | ▲ 216% |
| Balance sheet total | € 1,707,650 | € 858,674 | € 854,959 |
Key figures of MAS Energy Group, fiscal years 2023 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 MAS Energy Group?
What happened at MAS Energy Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 18,965. Source: NBB ↗
- HEINDRICHS CONSULTING became a director. NBB
- ARVEST GROUP SRL stepped down as director. NBB
- New establishment in Jalhay. KBO
- ARVEST GROUP SRL became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 72,329 loss in 2023 to € 18,965 loss in 2025.
Management
Behind MAS Energy Group is HEINDRICHS CONSULTING. It owns 100% of MANUTENTION ASSISTANCE SERVICE itself.
Directors
According to the 2025 annual accounts
Director · represented by Lucas HEINDRICHS
Also active at: MANUTENTION ASSISTANCE SERVICE
since 2025
Director · represented by Yves WARNANT
Also active at: Arvest Ventures, ECOSTAL GROUP, POLARSUN, IMMO PAGGEN, ECOSTAL, IMMO FORT CINQ, INDUMATION GROUP
since 2022 · until 2025
Establishments
Establishment units
Physical locations of this company
Avenue Fernand Jérôme(SART) 1
4845 Jalhay
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0788.744.810
- VAT number
- BE 0788.744.810
- Registered office
- Avenue Fernand Jérôme(SART) 1, 4845 Jalhay
- Names & denominations
- MAS Energy Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 July 2022
- Peppol
- Active · Active since 6 Mar 2026
- Activities · NACE
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