Financials
Financial year 2025
TIMMER- EN SCHRIJNWERK WOUTER MASSELIS from Wevelgem, company number BE0878481092, closed financial year 2025 with a result of € 62,465 after tax. For that financial year TIMMER- EN SCHRIJNWERK WOUTER MASSELIS recorded a gross margin of € 844,527 and equity of € 685,217. Compared with financial year 2024, the result moved from € 85,826 to € 62,465. The company is profitable. 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 August 20, 2026.
€ 685,217
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 62,465
▼ 27% vs 2024
Profit after tax over the fiscal year.
€ 256,973
▼ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 43,302 paid out
69 % of the profit went to the shareholders, mostly to ROMAIN (50 % of the shares). That is where the money ends up.
People and assets in 2025
10.7
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 664,050
▲ 15% vs 2024
€ 62,100 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.
€ 227,806
▼ 1% vs 2024
Of which on lease € 155,000.
Debts at end 2025
€ 388,841
▼ 19% vs 2024
€ 83,804 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 401,363
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,153
▼ 85% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 891,197 | € 1,011,595 | € 790,900 | € 844,527 | ▲ 7% |
| Profit after taxes | € 195,469 | € 251,454 | € 85,826 | € 62,465 | ▼ 27% |
| Equity | € 1,389,135 | € 1,559,697 | € 666,055 | € 685,217 | ▲ 3% |
| Total debts | € 1,181,266 | € 847,708 | € 972,823 | € 925,268 | ▼ 5% |
| Cash | € 640,150 | € 418,405 | € 272,150 | € 256,973 | ▼ 6% |
| Land & buildings | € 998,239 | € 946,882 | € 415,487 | € 391,056 | ▼ 6% |
| Retained profit | € 1,339,135 | € 1,509,697 | € 645,912 | € 665,074 | ▲ 3% |
| Dividend | € 71,961 | € 80,892 | € 47,101 | € 43,302 | ▼ 8% |
| Bank debt | € 725,507 | € 499,911 | € 481,241 | € 388,841 | ▼ 19% |
| Balance sheet total | € 2,570,401 | € 2,407,405 | € 1,638,877 | € 1,610,486 | ▼ 2% |
| Employees (FTE) | 9 | 8.9 | 10 | 10.7 | ▲ 0.7 |
Key figures of TIMMER- EN SCHRIJNWERK WOUTER MASSELIS, 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 TIMMER- EN SCHRIJNWERK WOUTER MASSELIS?
What happened at TIMMER- EN SCHRIJNWERK WOUTER MASSELIS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 62,465 (▼ 27% vs 2024). filed late Source: NBB ↗
- Alexander Masselis became a director. NBB
- Katy Vandoorne became a director. NBB
- New establishment in Wevelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 195,469 profit in 2022 to € 62,465 profit in 2025.
Paid € 248,900 in corporate taxes since 2022.
Best year ever: 2023, with € 251,454 profit.
On average € 78,900 of value added per employee in 2025.
A new publication or filing at TIMMER- EN SCHRIJNWERK WOUTER MASSELIS? 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
The stake of ROMAIN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
TIMMER- EN SCHRIJNWERK WOUTER MASSELISBehind TIMMER- EN SCHRIJNWERK WOUTER MASSELIS are Alexander Masselis, Wouter Masselis and Katy Vandoorne. The shares are held by ROMAIN (50%).
Directors
According to the 2025 annual accounts
since 2023
Katy Vandoorne
Director
since 2013
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Menenstraat 45
8560 Wevelgem
Menenstraat 326
8560 Wevelgem
Active since 19 January 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0878.481.092
- VAT number
- BE 0878.481.092
- Registered office
- Menenstraat 45, 8560 Wevelgem
- Names & denominations
- TIMMER- EN SCHRIJNWERK WOUTER MASSELIS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 January 2006
- Peppol
- Active · Active since 27 Nov 2024
- Activities · NACE
Schrijnwerk
Schrijnwerk van hout of van kunststof
Vervaardiging artikelen van hout (bouw)
Gastenkamers
Activiteiten van holdings
Detailhandel in huismeubilair
Detailhandel in huismeubilair in gespecialiseerde winkels
Holdings
+5