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 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMO MASA from La Louvière, company number BE0839795217, closed financial year 2025 with a result of € -222,321 after tax. For that financial year IMMO MASA recorded a gross margin of € 1.1 million and equity of € 679,298. Compared with financial year 2024, the result moved from € 324,012 to € -222,321. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 23, 2025.
€ 679,298
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -222,321
▼ still € 324,012 profit in 2024
Profit after tax over the fiscal year.
€ 13,209
▲ € 12,921 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 629,298.
People and assets in 2025
15
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 2% vs 2024
€ 70,400 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.
€ 32,527
▼ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.2 million
€ 12,109 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.4 million
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 473,013
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 901,261 | € 2,304,868 | € 1,724,169 | € 1,065,701 | ▼ 38% |
| Profit after taxes | € -246,504 | € 474,739 | € 324,012 | € -222,321 | ▼ € 546,333 |
| Equity | € 307,006 | € 731,893 | € 901,619 | € 679,298 | ▼ 25% |
| Total debts | € 1,635,139 | € 2,516,932 | € 4,103,091 | € 4,202,120 | ▲ 2% |
| Cash | € 440 | € 2,756 | € 288 | € 13,209 | ▲ € 12,921 |
| Retained profit | € 257,006 | € 681,893 | € 851,619 | € 629,298 | ▼ 26% |
| Dividend | € 0 | € 49,851 | € 154,286 | € 0 | ▼ 100% |
| Bank debt | € 56,122 | € 1,007,438 | € 2,184,103 | € 2,185,640 | |
| Balance sheet total | € 1,942,145 | € 3,248,825 | € 5,004,709 | € 4,881,417 | ▼ 2% |
| Employees (FTE) | 18.3 | 22.9 | 15 | 15 |
Key figures of IMMO MASA, 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 October 2026.
What happened to IMMO MASA?
What happened at IMMO MASA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 222,321 (▼ € 546,333 vs 2024). Source: NBB ↗
- MEDERIC MARRANO became a director. NBB
- New establishment in La Louvière. KBO
- Start of the company according to the CBE. KBO
In short
From € 246,504 loss in 2022 to € 222,321 loss in 2025.
Paid € 244,699 in corporate taxes since 2022.
Best year ever: 2023, with € 474,739 profit.
On average € 71,000 of value added per employee in 2025.
A new publication or filing at IMMO MASA? 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
Behind IMMO MASA are SALVATORE CALI, JULIAN CALI and MEDERIC MARRANO. The shares are held by SALVATORE CALI, JULIAN CALI and MEDERIC MARRANO.
Directors
According to the 2025 annual accounts
SALVATORE CALI
Director
Is a shareholder
JULIAN CALI
Director
Is a shareholder
since 2022
Shareholders
SALVATORE CALI · director
JULIAN CALI · director
MEDERIC MARRANO · director
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de la Croix du Maïeur(S-B) 21 box b
7110 La Louvière
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
- 0839.795.217
- VAT number
- BE 0839.795.217
- Registered office
- Rue de la Croix du Maïeur(S-B) 21 bus b, 7110 La Louvière
- Names & denominations
- IMMO MASA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 2011
- Peppol
- Active · Active since 8 Jul 2026
- Activities · NACE
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