Masilet
ActiveSummary
Masilet has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €279,443 and a net result of -€47,287. Equity has been stable since 2018 (±0.4% per year). Its solvency ranks better than 54% of 17,119 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 19-10-1984 Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 6 others
- Joint committee
- 320 Paritair Comité voor de begrafenisondernemingen · annual accounts 2021
- Establishment unit
- 2.025.985.253 8560 Wevelgem, since 30-10-1984
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €60,502
- ▲ 59.4%
- Turnover
- ≈ €78,000
- estimated
- Loss
- €47,287
- ▼ 13.3%
- Equity
- €279,443
- ▼ 14.5%
- Total assets
- €830,486
- ▼ 8.8%
Score breakdownraises riskLoss of €47,287, the second in a row (financial year 2025)lowers riskSize: total assets €830,486Founded in 1984Figures for financial year 2025 (filed on 27-07-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 52% of them on solvency, 21% on liquidity, 49% on profitability and 24% on growth.
The bankruptcy probability was computed on 01-11-2026 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).
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Signals
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Key points
Recent changes
- · Gazette deed Demerger: ERIC GHILLEMYN splits off to Uitvaartzorg GhillemynCompany renamed from ERIC GHILLEMYN to Masilet · Resignations: Eric Ghillemyn, Arlette Deryckere and GHILLEMYN Mike · Reappointment: GHILLEMYN Mike (director)
- · Gazette deed Demerger proposal: Eric Ghillemyn splits off to Uitvaartzorg Ghillemyn
Comparable companies
These companies have the same main activity as Masilet: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €760,000 and €983,000, founded between 1980 and 1991.
| Company | Total assets | Gross margin |
|---|---|---|
| Masilet Wevelgem | €830,486 | €60,502 |
| Defrana Wood Tielt | €902,794 | €61,699 |
| Verilar Kortrijk | €982,620 | €56,281 |
| D.V.R. BELGIE Moorslede | €907,260 | €49,984 |
| OUD HUIS VAN ACKER Waregem | €759,543 | €58,218 |
| OLANVI Knokke-Heist | €826,387 | €49,340 |
| DE MUELENAERE Damme | €937,459 | €50,101 |
Key facts about Masilet
- What is the company number of Masilet?
- The company number of Masilet is 0426.584.323. The VAT number is the same number with BE in front: BE 0426.584.323.
- Where is Masilet based?
- The registered office is at Caesar Gezellestraat 60, 8560 Wevelgem.Company details
- What does Masilet do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of Masilet?
- The legal form of Masilet is Private limited company (BV).
- When was Masilet founded?
- Masilet was founded on 19-10-1984.
- Is Masilet still active?
- Yes, Masilet is an active enterprise in the KBO register.
- How many employees does Masilet have?
- Masilet had an average of 1 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- Which joint committee does Masilet fall under?
- In its 2021 annual accounts, Masilet states joint committee 320 (Paritair Comité voor de begrafenisondernemingen).
- What is the turnover of Masilet?
- The turnover in financial year 2025 is ≈ €78,000. This figure is estimated from the gross margin of €60,502 and 45 comparable companies (NACE 682). It probably lies between €68,000 and €100,000.
- Is Masilet profitable?
- In financial year 2025, Masilet made a loss of €47,287.
- Where can I find the annual accounts of Masilet?
- Masilet filed 41 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Masilet due?
- Masilet must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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