Equity
€396,627 ▲ 19.3%
M.A.S. has made a profit in every financial year since 2006.
M.A.S.
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €199,891 (2024)
€189,308▼ 5.3%
peak €91,452 (2024)
€85,295▼ 6.7%
peak €520,149 (2017)
€396,627▲ 19.3%
€358,239▼ 19.6%
peak 1 FTE (2006)
-not published
Board2 names since 2007
1 director
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Dividend €20,993Equity from €332,324 to €396,627Debts from €445,589 to €358,239
Key points
from the 2025 annual accountsFilings
35 annual accounts since 1991
Seven of the last ten came late. The 2018 accounts came latest: 29 days after the end of the period.
Position in the sector
€396,627
More equity than 94% of companies in specialised construction. Sector median €57,780 · 37,285 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 31,386 companies had the same profile as M.A.S. has now. Each dot stands for 79 companies, two years later.
93.4%
were still trading
6.0%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,386 companies, not a prediction for M.A.S.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Gent
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0441790755
Change of role: , from manager to director
“De installatie,het onderhoud en herstelling van centrale verwarming,verwarming met gas met individuele…” (deed in Dutch) · Director discharge: · Registered office clause: Domien Geersstraat 30, 9041 Oostakker · General meeting of 22-06-2023 · Gazette deed
Capital decrease of €257,626 to €18,600
Capital after the decrease: €18,600, 242 shares cancelled · General meeting of 27-09-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| M.A.S. Ghent | €754,866 | €189,308 | 52.5% | - |
| THEUNYNCK Ghent | €648,778 | €157,198 | 93.6% | - |
| ELVENTI Roeselare | €761,078 | €224,949 | 92.1% | 2.9 |
| AIRTECHNIC - SERVICE Uccle | €684,962 | €212,581 | 81.1% | 2 |
| BK - INOX - DESIGN Staden | €740,003 | €190,325 | 50.9% | - |
| E.C.O. Ixelles | €664,151 | €218,054 | 30.0% | 3.3 |
| DEKETELAERE PARTNERS Jabbeke | €842,810 | €159,249 | 52.3% | - |
These companies have the same main activity as M.A.S.: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €649,000 and €843,000, founded between 1984 and 1993.
Official details
Source: KBO- Status
- Active since 20-09-1990Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222
- Joint committee
- 124Construction · annual accounts 2025
- Establishment unit
- 2.050.316.4179041 Ghent, since 05-11-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Annual accounts 2025
- ≈ €580,000estimated
- €754,866▼ 3.0%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on M.A.S.
M.A.S. files the micro format. That format states no turnover. The gross margin rose from €108,156 in 2006 to €189,308 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about M.A.S.
- What is the company number of M.A.S.?
- The company number of M.A.S. is 0441.790.755. The VAT number is the same number with BE in front: BE 0441.790.755.
- Where is M.A.S. based?
- The registered office is at Domien Geersstraat 30, 9041 Ghent.Company details
- What does M.A.S. do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of M.A.S.?
- M.A.S. is a private limited company (BV).
- When was M.A.S. founded?
- M.A.S. was founded on 20-09-1990.
- Is M.A.S. still active?
- Yes, M.A.S. is an active enterprise in the KBO register.
- How many employees does M.A.S. have?
- M.A.S. had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does M.A.S. fall under?
- In its 2025 annual accounts, M.A.S. states joint committee 124 (Construction).
- What is the turnover of M.A.S.?
- The turnover in financial year 2025 is ≈ €580,000. This figure is estimated from the gross margin of €189,308 and 93 comparable companies (NACE 432). It probably lies between €470,000 and €720,000.
- Is M.A.S. profitable?
- In financial year 2025, M.A.S. made a profit of €85,295.
- Where can I find the annual accounts of M.A.S.?
- M.A.S. filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of M.A.S. due?
- M.A.S. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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