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 4 of the last 4 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 1 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MASANA from Saint-Nicolas, company number BE0881505514, closed financial year 2025 with a result of € -1 million after tax. For that financial year MASANA recorded a gross margin of € 280,589 and equity of € -3.9 million. Compared with financial year 2024, the result moved from € -1.1 million to € -1 million. 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 2, 2026.
€ -3.9 million
▼ € 1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1 million
▲ 7 % less loss than in 2024
Profit after tax over the fiscal year.
€ 4,120
▼ 88% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5 million.
People and assets in 2025
10.5
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 669,345
▲ 4% vs 2024
€ 63,700 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.
€ 877
▼ 84% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 101,144
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 191,163
▲ 27% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 57,497 | € 158,306 | € 252,106 | € 280,589 | ▲ 11% |
| Profit after taxes | € -731,421 | € -925,320 | € -1,086,030 | € -1,010,834 | ▲ € 75,196 |
| Equity | € -920,796 | € -1,846,116 | € -2,932,146 | € -3,942,980 | ▼ € 1 million |
| Total debts | € 2,982,880 | € 3,181,300 | € 4,162,737 | € 5,075,394 | ▲ 22% |
| Cash | € 701,134 | € 3,556 | € 33,965 | € 4,120 | ▼ 88% |
| Retained profit | € -1,964,396 | € -2,889,716 | € -3,975,746 | € -4,986,580 | ▼ € 1 million |
| Balance sheet total | € 2,062,084 | € 1,335,184 | € 1,230,591 | € 1,132,414 | ▼ 8% |
| Employees (FTE) | 5.3 | 8.2 | 10.4 | 10.5 | ▲ 0.1 |
Key figures of MASANA, 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 MASANA?
What happened at MASANA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean-Pascal LABILLE stepped down as director. NBB
- Salvatore RIZZO stepped down as director. NBB
- Laurent WERNIC stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1 million. Source: NBB ↗
- Dominique DUHAYON became a director. NBB
- Juan RIZZO DI CARLO became a director. NBB
- Jean-Pascal LABILLE became a director. NBB
- Salvatore RIZZO became a director. NBB
In short
From € 731,421 loss in 2022 to € 1 million loss in 2025.
Paid € 3,507 in corporate taxes since 2022.
On average € 26,700 of value added per employee in 2025.
A new publication or filing at MASANA? 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 BALTEAU GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MASANABehind MASANA are Dominique DUHAYON and Juan RIZZO DI CARLO. The shares are held by BALTEAU GROUP (75%).
Directors
According to the 2025 annual accounts
since 2022
Juan RIZZO DI CARLO
Managing director, Director
Also active at: IMMORIPRO, BALTEAU I.E., ENGENEERING CABLING SYSTEM, ECOGREEN SOFT, PARTFIN, BALTEAU GROUP, B.C.I. TECHNICS, KREADIS CONCEPT +1 more
since 2022
Jean-Pascal LABILLE
Director
Also active at: Fonds et Services Sociaux - Réseau Solidaris, MAISON DE LA SOLIDARITE, Action francophone pour la Santé et la Solidarité, Fédération des Centres de Services à Domicile, Fête des Solidarités, AUTONOMIS-RESEAU SOLIDARIS, ProCoop, SOLIDARIS ENERGIE TRAVAUX MARCHES PUBLICS +2 more
since 2022 · until 2028
Laurent WERNIC
Director
since 2022 · until 2028
Shareholders
75%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Martyrs 115
4420 Saint-Nicolas
Rue de l'Innovation (FRY) 6 box 2
7503 Tournai
Active since 1 June 2006
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →IMMORIPRO same network
€ 208,225 gross margin · 2025
BALTEAU I.E. same network
€ 30.6 million revenue · 2025
ENGENEERING CABLING SYSTEM same network
€ 646,639 gross margin · 2025
ALARME CONTROLE
€ 865,806 gross margin · 2025
SERVICE PARTNER
€ 2.5 million gross margin · 2025
+14 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
- 0881.505.514
- VAT number
- BE 0881.505.514
- Registered office
- Rue des Martyrs 115, 4420 Saint-Nicolas
- Names & denominations
- MASANA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 May 2006
- Peppol
- Active · Active since 30 Oct 2025
- Activities · NACE
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