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MASA CONSTRUCT

Active
Private limited companyfounded 2010active for 16 yearsRue Oscar Carlier(FLM) 51, 6141 Fontaine-l'Evêque, BelgiumKBO/BCE: BE 0830.001.383

From the official registers: KBO 15 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

MASA CONSTRUCT has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54,772 and a net result of €2,880. Equity has been growing by about 5.6% per year since 2018. Its solvency ranks better than 84% of 9,380 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Overview

Official details

KBO
Status
Active since 06-10-2010 Normal situation
Activity
General construction of residential buildings NACE 41001and 1 other
Establishment unit
2.192.662.333 6141 Fontaine-l'Evêque, since 06-10-2010
Financial year end
31 December
Peppol
Reachable since 15-10-2025

Board and ownership

Board

Financial position

92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€11,970
▲ 44.8%
Turnover
≈ €140,000
estimated
Profit
€2,880
▲ 758%
Equity
€54,772
▲ 5.5%
Total assets
€72,447
▲ 6.2%
Staff
≈ 0.1 FTE
estimated
Filed on 17-07-2026, 14 days before the deadlineat the National Bank
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €72,447lowers riskLiquidity: current ratio 3.91, cash €23,081Founded in 2010Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 68% of micro companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 75.6% of total assets
Liquidity 81-1
short-term debt 24.4% · cash 31.9%
Profitability 74+5
return on assets 4.0%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,451 companies, NACE 41, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025highest value 08-2025: 0.2%▼ -0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026lowest value 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.91 (3.93 in 2024), above the usual 1.5. Short-term debt is 24.4% and cash 31.9% of total assets. 24.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 92% of them on solvency, 84% on liquidity, 49% on profitability and 47% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Liquidity: current ratio 3.91, cash €23,081
NBB · annual accounts
raises risk · Size: total assets €72,447
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2010
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
14 days early
2024
8 days early
2023
11 days early
2022
12 days early
2021
2 days late
2020
29 days late
2019
27 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 17-07-2026 at the NBB all 15 filings

Turnover
≈ €140,000
Estimated: probably between €75,000 and €260,000
Total assets
€72,447▲ 6.2%
2024 · €68,237
Net result
€2,880▲ 758%
2024 · €336
Working capital
€51,409▲ 7.4%
2024 · €47,856
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 112% higher than in 2024. It is a recovery after the fall in 2024.

Operating result€5,818 2025 Net result€2,880 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€3,890-€907▼ 76.7%-€1,503€3,541€17,340▲ 390%€11,950▼ 31.1%€2,739▼ 77.1%€5,818▲ 112%
Net result€1,450-€101▼ 93.0%-€2,372below the sector's middle half€1,518within the sector's middle half€8,280within the sector's middle half▲ 445%€4,874within the sector's middle half▼ 41.1%€336within the sector's middle half▼ 93.1%€2,880within the sector's middle half▲ 758%
Equity€39,157-€39,258▲ 0.3%€36,885within the sector's middle half▼ 6.0%€38,403within the sector's middle half▲ 4.1%€46,683within the sector's middle half▲ 21.6%€51,557within the sector's middle half▲ 10.4%€51,892within the sector's middle half▲ 0.7%€54,772within the sector's middle half▲ 5.5%
Total assets€106,829-€87,482▼ 18.1%€71,934within the sector's middle half▼ 17.8%€79,995within the sector's middle half▲ 11.2%€102,030within the sector's middle half▲ 27.5%€82,842within the sector's middle half▼ 18.8%€68,237within the sector's middle half▼ 17.6%€72,447within the sector's middle half▲ 6.2%
Debt€67,672-€48,225▼ 28.7%€35,048▼ 27.3%€41,592▲ 18.7%€55,347▲ 33.1%€31,285▼ 43.5%€16,345▼ 47.8%€17,675▲ 8.1%
Working capital€30,309-€34,606▲ 14.2%€28,633within the sector's middle half▼ 17.3%€32,125within the sector's middle half▲ 12.2%€41,190within the sector's middle half▲ 28.2%€46,657within the sector's middle half▲ 13.3%€47,856within the sector's middle half▲ 2.6%€51,409within the sector's middle half▲ 7.4%
Solvency36.7%-44.9%▲ 8.2pp51.3%within the sector's middle half▲ 6.4pp48.0%within the sector's middle half▼ 3.3pp45.8%within the sector's middle half▼ 2.3pp62.2%within the sector's middle half▲ 16.5pp76.0%above the sector's middle half▲ 13.8pp75.6%above the sector's middle half▼ 0.4pp
Current ratio1.84-2.52▲ 0.692.51within the sector's middle half▼ 0.011.96within the sector's middle half▼ 0.551.74within the sector's middle half▼ 0.222.49within the sector's middle half▲ 0.753.93above the sector's middle half▲ 1.443.91above the sector's middle half▼ 0.02
Return on assets (ROA)1.4%-0.1%▼ 1.2pp-3.3%below the sector's middle half▼ 3.4pp1.9%within the sector's middle half▲ 5.2pp8.1%within the sector's middle half▲ 6.2pp5.9%within the sector's middle half▼ 2.2pp0.5%within the sector's middle half▼ 5.4pp4.0%within the sector's middle half▲ 3.5pp
Staff (FTE)0.3-1▲ 233%1within the sector's middle half=1=1.3▲ 30.0%1.1▼ 15.4%
above within below The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72,447
Fixed assets €3,363 ▼ 16.7%
Current assets €69,085 ▲ 7.6%
Equity and liabilities €72,447
Equity €54,772 ▲ 5.5%
Debt €17,675 ▲ 8.1%
Debt's share of the balance-sheet total rises from 24.0% to 24.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€7,750▲
2024 · €4,787
Cash flow
€4,812▲
2024 · €2,384
Debt to equity
0.32▲
2024 · 0.31
ROE
5.3%▲
2024 · 0.6%
Interest coverage
11.59▲
2024 · 8.08
Debt ≤ 1 year
€17,675▲
2024 · €16,345
Income taxes
€2,270▲
2024 · €899
Supplier credit
12 days▲
2024 · 7 days
Staff costs
€2,189▼
2024 · €2,298
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as MASA CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €59,100 and €84,100, founded between 2009 and 2013.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
MASA CONSTRUCT Fontaine-l'Evêque2010€72,447€54,772€11,970€2,8802025
ANGIVAL Les Bons Villers2009€72,545€44,654€13,923€3,9732025
SAM NUYTTENS Mouscron2013€73,556€52,889€10,797€7,1782025
MSI Construct Mouscron2012€59,064€5,772€12,068€6,1792024
BAGNO HOME CONSTRUCT Walcourt2010€81,185€46,046€13,418€3,3532025
Steen en Water Ieper2010€84,109€40,706€11,339€4,6182025
De Rauw Kris Lebbeke2012€70,339€60,757€11,506€2,5452025

They were chosen from the 15,546 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 10,904 companies had the same profile as MASA CONSTRUCT has now. Two years later, 0.7% had gone bankrupt and 95.2% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.7% went bankrupt
4.0% stopped otherwise
95.2% was still going

That fits the bankruptcy probability of MASA CONSTRUCT itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3.0% 3.1%
10 5.6% 6.2%

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 10,904 companies, not a prediction for MASA CONSTRUCT. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines

Source: Annual accounts 2025 at the NBB, filed on 17-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€68,237€72,447▲
Fixed assets21/28€4,036€3,363▼
Tangible fixed assets22/27€3,986€3,313▼
Plant, machinery and equipment23€3,132€2,859▼
Furniture and vehicles24€174€0▼
Other tangible fixed assets26€680€453▼
Financial fixed assets28€50€50=
Current assets29/58€64,201€69,085▲
Amounts receivable within one year40/41€41,694€45,586▲
Trade receivables40€37,049€40,294▲
Other amounts receivable41€4,645€5,291▲
Cash at bank and in hand54/58€22,061€23,081▲
Deferred charges and accrued income490/1€446€418▼
Equity and liabilities
Total equity and liabilities10/49€68,237€72,447▲
Equity10/15€51,892€54,772▲
Contributions10/11€6,200€6,200=
Reserves13€45,692€48,572▲
Distributable reserves133€45,692€48,572▲
Amounts payable17/49€16,345€17,675▲
Amounts payable within one year42/48€16,345€17,675▲
Trade debts44€3,793€5,236▲
Suppliers440/4€3,793€5,236▲
Taxes, remuneration and social security45€5,988€4,164▼
Taxes450/3€5,274€3,450▼
Remuneration and social security454/9€714€714=
Other amounts payable47/48€6,565€8,275▲
Income statement Code20242025
Non-recurring operating income76A€26€701▲
Goods, raw materials, services and sundry goods60/61€186,609€159,678▼
Remuneration, social security and pensions62€2,298€2,189▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,048€1,933▼
Other operating charges640/8€999€1,517▲
Non-recurring operating charges66A€184€514▲
Gross operating margin9900€8,268€11,970▲
Operating profit (loss)9901€2,739€5,818▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€1,504€669▼
Recurring financial charges65€592€669▲
Non-recurring financial charges66B€912€0▼
Profit (loss) for the period before taxes9903€1,235€5,149▲
Income taxes67/77€899€2,270▲
Profit (loss) for the period9904€336€2,880▲
Profit (loss) for the period to be appropriated9905€336€2,880▲
Appropriation of the result
Profit (loss) to be appropriated9906€336€2,880▲
Transfer to equity691/2€336€2,880▲
To other reserves6921€336€2,880▲

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Non-recurring operating income76A----€3-€26€701▲ 27×
Goods, raw materials, services and sundry goods60/61---€195,329€225,365€233,872€186,609€159,678▼ 14.4%
Remuneration, social security and pensions62---€26,900€35,913€4,132€2,298€2,189▼ 4.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,157€11,603€10,307€11,050€10,356€1,996€2,048€1,933▼ 5.6%
Other operating charges640/8---€1,744€6,674€2,110€999€1,517▲ 51.9%
Non-recurring operating charges66A----€188€12€184€514▲ 179%
Gross operating margin9900€29,203€40,938€37,625€43,235€70,471€20,199€8,268€11,970▲ 44.8%
Operating profit (loss)9901€3,890€907-€1,503€3,541€17,340€11,950€2,739€5,818▲ 112%
Financial income75/76B----€7€30€1€0▼ 100%
Recurring financial income75-€0--€7€30€1€0▼ 100%
Financial charges65/66B---€827€2,923€1,567€1,504€669▼ 55.6%
Recurring financial charges65€601€617€653€752€996€567€592€669▲ 12.9%
Non-recurring financial charges66B---€75€1,927€1,000€912€0▼ 100%
Profit (loss) for the period before taxes9903€3,289€101-€2,372€2,714€14,424€10,413€1,235€5,149▲ 317%
Income taxes67/77€1,840-€0-€1,196€6,144€5,539€899€2,270▲ 152%
Profit (loss) for the period9904€1,450€101-€2,372€1,518€8,280€4,874€336€2,880▲ 758%
Profit (loss) for the period to be appropriated9905€1,450€101-€2,372€1,518€8,280€4,874€336€2,880▲ 758%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€106,829€87,482€71,934€79,995€102,030€82,842€68,237€72,447▲ 6.2%
Fixed assets21/28€40,369€30,170€24,400€14,579€5,493€4,899€4,036€3,363▼ 16.7%
Tangible fixed assets22/27€39,956€29,757€23,987€14,166€5,080€4,486€3,986€3,313▼ 16.9%
Plant, machinery and equipment23---€3,281€2,864€3,007€3,132€2,859▼ 8.7%
Furniture and vehicles24---€963€1,082€572€174€0▼ 100.0%
Leasing and similar rights25---€8,562-----
Other tangible fixed assets26---€1,360€1,133€907€680€453▼ 33.3%
Financial fixed assets28€413€413€413€413€413€413€50€50=
Current assets29/58€66,460€57,312€47,534€65,416€96,537€77,942€64,201€69,085▲ 7.6%
Amounts receivable within one year40/41€56,547€54,395€36,959€54,553€73,870€58,430€41,694€45,586▲ 9.3%
Trade receivables40---€54,553€68,650€53,635€37,049€40,294▲ 8.8%
Other amounts receivable41----€5,221€4,794€4,645€5,291▲ 13.9%
Cash at bank and in hand54/58€8,737€2,918€9,429€10,489€21,935€19,368€22,061€23,081▲ 4.6%
Deferred charges and accrued income490/1---€375€731€145€446€418▼ 6.3%
Equity and liabilities
Total equity and liabilities10/49€106,829€87,482€71,934€79,995€102,030€82,842€68,237€72,447▲ 6.2%
Equity10/15€39,157€39,258€36,885€38,403€46,683€51,557€51,892€54,772▲ 5.5%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200€6,200=
Reserves13€32,957€33,058€33,058€33,058€40,330€45,357€45,692€48,572▲ 6.3%
Non-distributable reserves130/1---€1,860€1,860----
Reserves not available under the articles1311---€1,860€1,860----
Distributable reserves133---€31,198€38,470€45,357€45,692€48,572▲ 6.3%
Profit (loss) carried forward14---€2,372-€854€153----
Amounts payable17/49€67,672€48,225€35,048€41,592€55,347€31,285€16,345€17,675▲ 8.1%
Amounts payable after more than one year17€31,521€23,868€16,112€8,251-----
Financial debts170/4---€8,251-----
Amounts payable within one year42/48€36,151€22,706€18,901€33,291€55,347€31,285€16,345€17,675▲ 8.1%
Current portion of amounts payable after more than one year42---€7,861€8,251----
Trade debts44€15,645€3,663€5,819€14,405€31,187€13,848€3,793€5,236▲ 38.1%
Suppliers440/4---€14,405€31,187€13,848€3,793€5,236▲ 38.1%
Taxes, remuneration and social security45---€5,342€10,237€11,392€5,988€4,164▼ 30.5%
Taxes450/3---€4,280€8,059€10,678€5,274€3,450▼ 34.6%
Remuneration and social security454/9---€1,062€2,177€714€714€714=
Other amounts payable47/48---€5,683€5,672€6,045€6,565€8,275▲ 26.1%
Accrued charges and deferred income492/3---€50€0----
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€1,450€101-€2,372€1,518€8,280€4,874€336€2,880▲ 758%
+ Depreciation and write-downs630€11,157€11,603€10,307€11,050€10,356€1,996€2,048€1,933▼ 5.6%
Operating cash flow (approximation)€12,606€11,703€7,935€12,568€18,636€6,869€2,384€4,812▲ 102%
Investment in fixed assets (approximation)--€1,403-€4,537-€1,228-€1,270-€1,402-€1,185-€1,259▼ 6.3%
Change in cash--€5,819€6,511€1,060€11,447-€2,567€2,692€1,020▼ 62.1%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 17-07-2026 2026-00307948 NBB
31-12-2024 micro format 23-07-2025 2025-00302185 PDF
31-12-2023 micro format 20-07-2024 2024-00266258 PDF
31-12-2022 micro format 19-07-2023 2023-00252707 PDF
31-12-2021 micro format 02-08-2022 2022-20261182 PDF
31-12-2020 micro format 29-08-2021 2021-57100292 PDF
31-12-2019 micro format 27-08-2020 2020-45000540 PDF
31-12-2018 micro format 02-08-2019 2019-43700017 PDF
31-12-2017 micro format 30-08-2018 2018-53200387 PDF
31-12-2016 full format 31-08-2017 2017-52400012 PDF

Show all 15 filings

Board & ownership

Directors

Directors
1 director, last change in 2023
GUSCIGLIO Salvatore
Director (not named in the articles) · appointed in the act of 28-09-2023 · listed in the 2025 annual accounts, filed on 17-07-2026
Current

Owners and capital

Capital transactions

Capital over time
  1. 28-09-2023 Converted to unavailable equity · €8,060

Mandate history

1 person, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
GUSCIGLIO Salvatore
  • Manager, until 28-09-2023
  • Director (not named in the articles), appointed in the act of 28-09-2023, still in office
See the board, name and registered office on a given date →

Articles of association

Board and representation

Board ruleThese rules set how the board is made up, meets and takes decisions.
“Un ou plusieurs administrateurs, personnes physiques ou morales actionnaires ou non”
“Rémunération des administrateurs, frais généraux hors frais représentation voyages déplacements”

Capital, shares and profit

Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant moitié acquéreurs au prorata si plusieurs, nullité”

Audit, dissolution and liquidation

Dissolution ruleThe articles set when and by whom the company can be dissolved.
“Assemblée peut désigner liquidateurs et déterminer pouvoirs et émoluments, en tout temps par assemblée délibérant formes modifications…”
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Si actions non libérées rétablissement par appels complémentaires ou distributions préalables aux libérées proportion supérieure, actif net…”

Articles of association, deed of 28-09-2023 (in French)

Network & group

MASA CONSTRUCT shares no director with another company.

Connections & network

1 current director
Depth

The network starts from the directors of MASA CONSTRUCT. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
17-07
NBB filing Annual accounts filedNBB
financial year 2025 · micro format
2025
23-07
NBB filing Annual accounts filedPDF
financial year 2024 · micro format
2024
20-07
NBB filing Annual accounts filedPDF
financial year 2023 · micro format
2023
28-09
Gazette deed Resignation: GUSCIGLIO Salvatore (manager)
Appointment: GUSCIGLIO Salvatore (director) · Amendment of the articles · Legal form clause10 points ▸
  • General meeting, 25-09-2023
  • Amendment of the articles, mentioned 2 times in the deed
  • Legal form clause, “conservera la forme légale, première résolution” (deed in French)
  • Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
  • Reserve release, “formes et majorités de la modification des statuts, supprimer le compte de capitaux propres statutairement indisponible” (deed in French)
  • Other provision, “objet social inchangé” (deed in French)
  • Capital, mentioned 2 times in the deed
  • Director resignation, GUSCIGLIO Salvatore (manager)
  • Director appointment, GUSCIGLIO Salvatore (director (not named in the articles))
  • Registered office clause, “6141 Fontaine-l’Evêque (Forchies-la-Marche), rue Oscar Carlier”, 51 (deed in French)

Open the act in the Belgian Official Gazette

19-07
NBB filing Annual accounts filedPDF
financial year 2022 · micro format
2022
31-12
Financial Highest result from 2018 to 2025net €8,280 ▲445%
The operating result of €17,340 and the net result of €8,280 are both a record.
02-08
NBB filing Annual accounts filedPDF
financial year 2021 · micro format · 2 days late
2021
31-12
Financial Back to profitnet €1,518
The net result is €1,518, after one loss-making year.
29-08
NBB filing Annual accounts filedPDF
financial year 2020 · micro format · 29 days late
2020
31-12
Financial Weakest financial yearnet -€2,372
The net result drops to -€2,372, the lowest from 2018 to 2025. It recovers the following year.
27-08
NBB filing Annual accounts filedPDF
financial year 2019 · micro format · 27 days late
2019
02-08
NBB filing Annual accounts filedPDF
financial year 2018 · micro format · 2 days late
2018
30-08
NBB filing Annual accounts filedPDF
financial year 2017 · micro format · 30 days late
2017
31-08
NBB filing Annual accounts filedPDF
financial year 2016 · full format · 31 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 6 October 2010, MASA CONSTRUCT was incorporated.1 Total assets went from €106,829 in 2018 to €72,447 in 2025 and headcount from 0.3 full-time equivalents in 2018 to 1.1 in 2023.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018, 2023 and 2025

Company details

Register details

Identity

KBO record
Name MASA CONSTRUCT in French
Enterprise number 0830.001.383
Legal form Private limited company
Status Active, normale toestand
Founded 06-10-2010
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-09-2023 (in French)
Name clauseThe company operates under this name according to its articles.
MASA CONSTRUCT
deed of 28-09-2023 (in French)

Registered office and establishments

Registered office Rue Oscar Carlier(FLM) 51, 6141 Fontaine-l'Evêque, Belgium
Establishments 1 establishment unit since 2010

Activities

NACEBEL 2025
41001 General construction of residential buildings main activity
42990 Civil engineering
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'entreprise générale de construction,transformation,réparation et aménagement,rénovation,embellissement et travaux de parachèvement de tous…”
47 activities
  1. L'entreprise générale de construction,transformation,réparation et aménagement,rénovation,embellissement et travaux de parachèvement de tous immeubles généralement quelconques habitation,hangar,entrepôt,appartements
  2. L'entreprise de travaux de béton
  3. Promotion immobilière en tout genre(quartiers ou immeubles résidentiels,centres commerciaux et industriels,hôtels,zones d'activités et marchés,ports de plaisance,station de sports d'hivers,bureaux,zone urbaine)
  4. Électricité générale
  5. Achat et vente de matériaux en gros demi gros et détail
  6. L'élaboration de projets comportant des activités ayant trait au génie civil ou de bâtiment,au génie hydraulique et à la technique du trafic
  7. Les activités d'ingénierie et de conseils techniques,sauf activité des géomètres
  8. La conduite des opérations de gros entretien de bâtiments
  9. Surveillance de travaux de construction(gros oeuvre,installation,finition,...)
  10. Coordination sur le chantier
  11. Installations de piscines privées
  12. Location avec opérateur de matériel de construction
  13. Construction de chambres froides,chambres fortes,...
  14. Montage et démontage d'échafaudage et de plates-formes de travail
  15. Exécution pour les tiers de travaux de levage
  16. Montage d'éléments de structures métalliques non fabriqués par l'unité qui exécute les travaux
  17. Mise en place des éléments d'évacuation des eaux de pluies
  18. Construction de cheminées et de fours industriels
  19. Travaux de ferraillage et pose de coffrage
  20. Mise en place de fondations,y compris le battage de pieux
  21. Poses de chape
  22. Travaux de restauration de bâtiments
  23. Maçonnerie
  24. Les travaux de rejointoiement
  25. Couvertures de constructions et travaux hydrofuges,tel que couvertures en tuiles,en chaume,en ardoises naturelles et artificielles,en tôles d'acier et en asbeste ciments,les métaux non ferreux excepté
  26. Les travaux d'étanchéité et de revêtement de constructions par asphaltage et bitumage,entre autre les couvertures de toitures à base d'asphaltes ou à base de produits hydrocarbonés,éventuellement en combinaison avec des métaux
  27. Les travaux d'assèchement de constructions autre que par le bitume et l'asphalte
  28. L'isolation thermique et acoustique
  29. Revêtements de murs et de sols comprenant les travaux de carrelage et de mosaïque et tous autres revêtements de murs et de sols,le bois excepté
  30. Travaux de plafonnage comprenant les travaux de cimentage et de tous autres enduits,le crépissage,la pose de chapes et les travaux de stuc et staff
  31. Travaux de pierres de taille et de marbrerie comprenant entre autre le placement de monuments funéraires,la restauration,le nettoyage et le lavage de bâtiments,façades et monuments,la pose de marbrerie du bâtiment et de pierres de taille,l'installation de cheminées ornementales ou autres ornementations en marbre ou en pierre
  32. La charpenterie,menuiserie et menuiserie métallique comprenant la charpenterie et la menuiserie du bâtiment,le placement de serrurerie et de quincaillerie du bâtiment,le placement de portes et de plinthes en matière plastique,le placement de volets en bois et en matière plastique,la pose de parquets et de tous revêtements en bois,des murs et du sol,la pose de cloisons et de faux plafonds en bois,le placement de ferronnerie,de volets et de menuiserie métallique,ainsi que le placement de grilles,de portes rétractiles et roulantes et de stores extérieurs
  33. Le recouvrement de murs et plafonds par application d'éléments métalliques
  34. Travaux de vitreries comprenant entre autre la pose de vitres,de glaces,de miroiterie,de vitraux et de toutes autres matières translucides ou transparentes
  35. La construction de parois et couvertures de murs et de sols en matière synthétiques et notamment les matières plastiques
  36. Les constructions métalliques et ouvrages d'art métalliques comprenant également les travaux de montage et de démontage,constructions tubulaires ou autres similaires
  37. Tuyauteries industrielles et canalisations comprenant l'installation de ventilation et d'aération de chauffage à air chaud,de conditionnement d'air et de calorifugeage des tuyauteries et canalisations
  38. Chauffage central,installations sanitaires,plomberie zinguerie comprenant l'installation de chauffage central à eau chaude,à vapeur ou à gaz et des appareils auxiliaires,l'installation sanitaire,plomberie zinguerie,l'installation d'adoucisseurs d'eau
  39. Les toitures en métaux non ferreux et le placement de lucarnes en zinc,ainsi que les travaux de réparation et d'entretien
  40. Le placement,l'entretien et la réparation de tous brûleurs
  41. Installation électrotechniques comprenant la signalisation routière,ferroviaire,fluviale,maritime ou aéronautique électrique ainsi que le placement de paratonnerres
  42. Les installations spéciales comprenant le travaux de placement d'installations spéciales,telles que installations de fabriques ou d'ateliers,de stations de pompage,d'aménagement d'installations frigorifiques
  43. Entrepreneur de travaux de démolition
  44. Pose de papiers peints et de revêtements de murs et sols en d'autres matériaux
  45. Pose de parquets,cloison,et autres revêtements en bois ou autre matière
  46. Installation et montage de serres,vérandas
  47. Montage de portes blindées,portes coupe-feux,portes de garages,volets,persiennes,grillages,...

The full purpose is in the deed

deed of 28-09-2023 (in French)

Invoicing and payment

VAT number BE 0830.001.383
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0830001383
Registered 15-10-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 1 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0830.001.383

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12

Sites & property

Location
registered office establishment The establishment unit on the map
1 establishment unit
MASA CONSTRUCT
Rue Oscar Carlier(FLM) 51, 6141 Fontaine-l'EvêqueGeneral construction of residential buildings
since 2010unit number 2.192.662.333

Buildings and parcels at the address

Ground area
1,590 m²
Building footprint
204 m²
Parcel 52023B0312/00E000, Wallonia.
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
52023B0312/00E000 Wallonia 1,590 m² 1 · 204 m² -