MASSIMMO PROJECTS
Annual accounts 2025
abbreviated format, filed on 09-08-2026, 9 days lateTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.1m. Estimated: probably between €850,000 and €1.9m.
Balance sheet
balance sheet total €3.4m on 31-12-2025in €m
in €m
Position in the sector
35.7%
Higher than 54% of 11,299 companies in 2025.
2.45
Higher than 73% of 10,851 companies in 2025.
7.0%
Higher than 79% of 11,184 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter · Staff: middle half
Staff
€161,413
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
3.4m | 2.3m | 5.3m | 2.7m | 752,877 | 527,184 | 1.1m | 223,355 | 247,215 | 238,028 | 285,688 | 367,674 | 404,543 | 415,859 | 345,245 | 329,260 | 318,481 | 326,450 | 362,618 | |
21/28 |
626,377 | 196,813 | 77,228 | 14,408 | 21,185 | - | 477,956 | 130,458 | 99,603 | 87,720 | 118,910 | 153,760 | 184,527 | 229,761 | 203,390 | 219,696 | 224,968 | 256,540 | 283,649 | |
22/27 |
177,917 | 196,661 | 77,076 | 14,257 | 21,033 | - | 477,956 | 130,408 | 99,553 | 87,670 | 118,860 | 153,239 | 184,006 | 229,240 | 202,869 | 219,175 | 224,447 | 256,019 | 283,128 | |
22 |
- | - | - | - | - | - | 477,956 | 130,408 | 99,553 | 87,670 | 99,553 | 113,009 | 129,391 | 155,738 | 182,906 | 199,248 | 214,921 | 236,778 | 254,675 | |
23 |
141,425 | 151,786 | 71,119 | 4,195 | 6,867 | - | - | - | - | - | 3,764 | 9,126 | 4,834 | 5,387 | 10,554 | 7,950 | 9,114 | 7,395 | 6,132 | |
24 |
36,492 | 44,874 | 5,957 | 10,062 | 14,167 | - | - | - | - | - | 15,543 | 31,104 | 49,781 | 68,115 | 9,409 | 11,977 | 412 | 11,847 | 22,321 | |
28 |
448,460 | 152 | 152 | 152 | 152 | - | - | 50 | 50 | 50 | 50 | 521 | 521 | 521 | 521 | 521 | 521 | 521 | 521 | |
29/58 |
2.8m | 2.1m | 5.2m | 2.7m | 731,692 | 527,184 | 582,685 | 92,897 | 147,612 | 150,308 | 166,778 | 213,914 | 220,017 | 186,097 | 141,855 | 109,564 | 93,513 | 69,910 | 78,969 | |
29 |
151,643 | 152,672 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
290 |
151,643 | 152,672 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
3 |
- | - | 3.2m | 700,312 | 311,595 | - | - | - | - | - | - | 2,610 | 2,986 | 3,068 | 3,374 | 3,732 | 3,184 | 3,618 | 3,045 | |
30/36 |
- | - | 3.2m | 700,312 | 311,595 | - | - | - | - | - | - | 2,610 | 2,986 | 3,068 | 3,374 | 3,732 | 3,184 | 3,618 | 3,045 | |
40/41 |
684,988 | 241,717 | 163,287 | 155,066 | 75,817 | 1,703 | - | 4,054 | 71,600 | 76,253 | 63,805 | 63,366 | 66,077 | 45,735 | 30,104 | 18,881 | 61,437 | 55,509 | 59,932 | |
40 |
237,736 | 44,251 | 88,193 | 155,060 | 74,658 | - | - | - | - | 6,322 | 113 | 19,049 | 27,880 | 23,639 | 11,192 | 2,620 | 4,735 | 5,606 | 16,120 | |
41 |
447,253 | 197,466 | 75,094 | 6 | 1,159 | 1,703 | - | 4,054 | 71,600 | 69,931 | 63,691 | 44,317 | 38,198 | 22,096 | 18,912 | 16,261 | 56,702 | 49,903 | 43,812 | |
50/53 |
500,000 | 500,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
1.3m | 1.0m | 1.0m | 1.8m | 331,806 | 525,121 | 580,713 | 87,790 | 76,012 | 74,055 | 102,927 | 143,878 | 148,248 | 132,571 | 104,442 | 83,915 | 26,765 | 8,549 | 12,728 | |
490/1 |
166,820 | 217,188 | 793,171 | 33,907 | 12,474 | 360 | 1,972 | 1,052 | - | - | 46 | 4,060 | 2,706 | 4,724 | 3,935 | 3,036 | 2,126 | 2,233 | 3,264 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
3.4m | 2.3m | 5.3m | 2.7m | 752,877 | 527,184 | 1.1m | 223,355 | 247,215 | 238,028 | 285,688 | 367,674 | 404,543 | 415,859 | 345,245 | 329,260 | 318,481 | 326,450 | 362,618 | |
10/15 |
1.2m | 1.1m | 806,264 | 695,736 | 424,845 | 412,298 | 202,635 | 223,025 | 241,653 | 229,183 | 276,066 | 314,314 | 75,218 | 328,888 | 302,638 | 293,926 | 280,787 | 293,385 | 289,993 | |
10/11 |
234,592 | 234,592 | 234,592 | 234,592 | 234,592 | 234,592 | 234,592 | 234,592 | 234,592 | 234,592 | 234,592 | 234,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 234,592 | 234,592 | 234,592 | 234,592 | 234,592 | 234,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
13 |
928,071 | 803,071 | 503,071 | 403,071 | 153,071 | 128,691 | 38,691 | 38,691 | 145,796 | 145,796 | 145,796 | 145,796 | 145,796 | 385,796 | 385,796 | 385,796 | 385,796 | 385,796 | 385,796 | |
130/1 |
- | - | - | - | - | 620 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 620 | 620 | 620 | 620 | 620 | 620 | 620 | 620 | 620 | 620 | 620 | 620 | 620 | |
1311 |
- | - | - | - | - | 620 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
28,071 | 28,071 | 28,071 | 28,071 | 28,071 | 28,071 | 38,071 | 38,071 | 38,071 | 38,071 | 38,071 | 38,071 | 38,071 | 38,071 | 38,071 | 38,071 | 38,071 | 38,071 | 38,071 | |
133 |
900,000 | 775,000 | 475,000 | 375,000 | 125,000 | 100,000 | - | - | 107,106 | 107,106 | 107,106 | 107,106 | 107,106 | 347,106 | 347,106 | 347,106 | 347,106 | 347,106 | 347,105 | |
14 |
54,365 | 51,194 | 68,602 | 58,073 | 37,182 | 49,015 | -70,647 | -50,257 | -138,735 | -151,205 | -104,323 | -66,074 | -89,170 | -75,500 | -101,751 | -110,462 | -123,602 | -111,003 | -114,395 | |
17/49 |
2.2m | 1.2m | 4.5m | 2.0m | 328,033 | 114,886 | 858,006 | 330 | 5,563 | 8,845 | 9,622 | 53,360 | 329,325 | 86,971 | 42,607 | 35,334 | 37,694 | 33,065 | 72,625 | |
17 |
- | - | - | 595,356 | 229,080 | - | - | - | - | - | - | 5,310 | 15,931 | 26,552 | - | - | - | - | - | |
170/4 |
- | - | - | 595,356 | 229,080 | - | - | - | - | - | - | 5,310 | 15,931 | 26,552 | - | - | - | - | - | |
42/48 |
1.1m | 850,072 | 4.3m | 1.3m | 52,318 | 114,886 | 858,006 | 290 | 1,386 | 2,744 | 7,806 | 45,512 | 310,908 | 57,993 | 35,731 | 30,814 | 32,728 | 30,331 | 69,957 | |
42 |
- | - | 130,174 | - | - | - | - | - | - | - | 5,310 | 10,621 | 10,621 | 10,621 | - | - | - | - | 33,366 | |
44 |
718,389 | 681,551 | 1.1m | 891,743 | 4,890 | 92,796 | 40,000 | 288 | 554 | 2,744 | 1,816 | 10,977 | 17,689 | 8,474 | 5,197 | 16,172 | 10,491 | 6,979 | 10,761 | |
440/4 |
718,389 | 681,551 | 1.1m | 891,743 | 4,890 | 92,796 | 40,000 | 288 | 554 | 2,744 | 1,816 | 10,977 | 17,689 | 8,474 | 5,197 | 16,172 | 10,491 | 6,979 | 10,761 | |
46 |
20,000 | - | 2.4m | 92,500 | 10,000 | - | - | - | - | - | - | 416 | 25,656 | 20,186 | 15,595 | 2,000 | 5,000 | 4,500 | 8,500 | |
45 |
285,812 | 55,890 | 375,575 | 220,933 | 31,458 | - | 2,139 | 2 | 832 | - | 680 | 23,498 | 40,943 | 18,712 | 14,939 | 12,642 | 17,238 | 18,852 | 17,330 | |
450/3 |
247,299 | 16,181 | 323,630 | 189,668 | 24,255 | - | 2,139 | 2 | 832 | - | 10 | 9,716 | 27,367 | 4,527 | 2,210 | 761 | 4,816 | 4,913 | 4,993 | |
454/9 |
38,513 | 39,709 | 51,945 | 31,265 | 7,203 | - | - | - | - | - | 669 | 13,782 | 13,576 | 14,185 | 12,729 | 11,881 | 12,422 | 13,939 | 12,337 | |
47/48 |
112,683 | 112,631 | 247,882 | 50,711 | 5,971 | 22,090 | 815,867 | - | - | - | - | - | 216,000 | - | - | - | - | - | - | |
492/3 |
1.1m | 369,720 | 152,117 | 119,727 | 46,635 | - | - | 40 | 4,177 | 6,101 | 1,816 | 2,538 | 2,486 | 2,426 | 6,876 | 4,520 | 4,966 | 2,734 | 2,668 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | - | 2,051 | 27,897 | - | - | - | - | 4,000 | - | 900 | - | - | - | |
9900 |
637,023 | 847,971 | 549,419 | 646,422 | 50,151 | 273,536 | -17,907 | -16,226 | 4,776 | -11,580 | 45,163 | 160,080 | 122,919 | 161,510 | 130,734 | 128,886 | 110,699 | 131,873 | 150,096 | |
62 |
290,543 | 281,791 | 247,734 | 166,552 | 24,391 | - | - | - | - | 0 | 39,425 | 79,825 | 79,253 | 77,191 | 74,851 | 69,133 | 69,002 | 70,968 | 67,240 | |
630 |
36,756 | 31,638 | 7,246 | 6,777 | 2,711 | - | - | - | - | 31,189 | 34,379 | 41,225 | 51,308 | 52,638 | 42,850 | 40,875 | 48,694 | 51,971 | 51,900 | |
631/4 |
- | - | - | - | - | - | - | - | -666 | - | - | - | - | - | -405 | - | - | - | - | |
640/8 |
3,529 | 6,962 | 3,171 | 8,696 | 1,178 | 3,002 | 2,455 | 2,371 | 4,456 | 4,053 | 4,984 | 4,267 | 5,807 | 8,525 | 6,419 | 6,377 | 5,645 | 5,471 | 5,385 | |
66A |
- | 1,011 | - | - | - | - | - | - | 83 | 290 | 4,425 | 155 | 385 | 195 | 100 | 685 | 270 | 155 | 50 | |
9901 |
306,196 | 526,570 | 291,268 | 464,397 | 21,871 | 270,534 | -20,362 | -18,598 | 903 | -47,113 | -33,625 | 34,763 | -13,449 | 23,156 | 7,018 | 12,501 | -12,642 | 3,463 | 25,571 | |
75/76B |
24,656 | 19,346 | 11,894 | 100 | 0 | - | - | - | 64 | 346 | 415 | 832 | 1,169 | 1,378 | 1,869 | 829 | 385 | 994 | 609 | |
75 |
24,656 | 19,346 | 11,894 | 100 | 0 | - | - | - | 64 | 346 | 415 | 832 | 1,169 | 1,378 | 1,869 | 829 | 385 | 994 | 609 | |
65/66B |
444 | 9,167 | 84,850 | 18,406 | 5,895 | 1,546 | 28 | 30 | 30 | 116 | 747 | 735 | 1,030 | 933 | 75 | 106 | 72 | 910 | 2,768 | |
65 |
444 | 9,167 | 84,850 | 18,406 | 5,895 | 1,546 | 28 | 30 | 30 | 116 | 747 | 735 | 1,030 | 933 | 75 | 106 | 72 | 910 | 2,768 | |
9903 |
330,408 | 536,749 | 218,312 | 446,092 | 15,976 | 268,987 | -20,390 | -18,628 | 937 | -46,882 | -38,382 | 34,705 | -13,696 | 27,406 | 8,712 | 13,439 | -12,599 | 3,392 | 23,362 | |
67/77 |
91,787 | 143,927 | 62,783 | 127,201 | 3,429 | 59,325 | - | - | 351 | - | -133 | 11,609 | -26 | 1,155 | - | 300 | -0 | - | 3,685 | |
9904 |
238,621 | 392,821 | 155,529 | 318,891 | 12,547 | 209,662 | -20,390 | -18,628 | 587 | -46,882 | -38,248 | 23,096 | -13,670 | 26,251 | 8,712 | 13,139 | -12,598 | 3,392 | 19,677 | |
789 |
- | - | - | - | - | 10,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
238,621 | 392,821 | 155,529 | 318,891 | 12,547 | 219,662 | -20,390 | -18,628 | 587 | -46,882 | -38,248 | 23,096 | -13,670 | 26,251 | 8,712 | 13,139 | -12,598 | 3,392 | 19,677 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
289,815 | 461,423 | 213,602 | 356,073 | 61,562 | 149,015 | -70,647 | -157,363 | -138,735 | -151,205 | -104,323 | -66,074 | -89,170 | -75,500 | -101,751 | -110,462 | -123,602 | -111,003 | -114,395 | |
14P |
51,194 | 68,602 | 58,073 | 37,182 | 49,015 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | 107,106 | - | - | - | - | 240,000 | - | - | - | - | - | - | |
691/2 |
125,000 | 300,000 | 100,000 | 250,000 | 24,380 | 100,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
125,000 | 300,000 | 100,000 | 250,000 | 24,380 | 100,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
110,451 | 110,229 | 45,000 | 48,000 | - | - | - | - | - | - | - | - | 240,000 | - | - | - | - | - | - | |
694 |
100,000 | 100,000 | - | - | - | - | - | - | - | - | - | - | 240,000 | - | - | - | - | - | - | |
696 |
10,451 | 10,229 | 45,000 | 48,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
1.8 | 1.8 | 1.6 | 1 | 0.1 | - | - | - | - | - | 0.8 | 2.1 | 2.4 | 2.3 | 1.7 | 2.2 | 1.9 | 2 | 2 | |
Hours worked1013 |
3,108 | 3,136 | 2,680 | 1,744 | 208 | - | - | - | - | - | 1,479 | 3,372 | 3,143 | 3,266 | 3,365 | 3,419 | 3,542 | 3,793 | 3,843 | |
| Document | ||||||||||||||||||||
The accounts for 25 older financial years (1982-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 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.
Source: Annual accounts 2025 at the NBB, filed on 09-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 9 days after the deadline. Filed on 9 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00389137.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-08-2026 | 2026-00389137 | |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00341443 | |
| 31-12-2023 | abbreviated format | 29-08-2024 | 2024-00393424 | |
| 31-12-2022 | abbreviated format | 29-08-2023 | 2023-00366821 | |
| 31-12-2021 | abbreviated format | 26-08-2022 | 2022-20320774 | |
| 31-12-2020 | abbreviated format | 27-08-2021 | 2021-59000477 | |
| 31-12-2019 | abbreviated format | 30-08-2020 | 2020-48700420 | |
| 31-12-2018 | micro format | 07-09-2019 | 2019-63800191 | |
| 31-12-2017 | micro format | 18-06-2018 | 2018-18900101 | |
| 31-12-2016 | micro format | 24-08-2017 | 2017-46400123 | |
| 31-12-2015 | abbreviated format | 04-10-2016 | 2016-64400478 | |
| 31-12-2014 | abbreviated format | 02-07-2015 | 2015-27500330 | |
| 31-12-2013 | abbreviated format | 30-09-2014 | 2014-60900415 | |
| 31-12-2012 | abbreviated format | 02-12-2013 | 2013-67700566 | |
| 31-12-2011 | abbreviated format | 27-09-2012 | 2012-58000594 | |
| 31-12-2010 | abbreviated format | 03-02-2012 | 2012-02800250 | |
| 31-12-2009 | abbreviated format | 30-12-2010 | 2010-65200010 | |
| 31-12-2008 | abbreviated format | 30-12-2009 | 2009-91000221 | |
| 31-12-2007 | abbreviated format | 24-10-2008 | 2008-79000152 | |
| 31-12-2006 | abbreviated format | 29-10-2007 | 2007-77800371 | |
| 31-12-2005 | abbreviated format | 09-11-2006 | 2006-87003934 | |
| 31-12-2004 | abbreviated format | 15-12-2005 | 2005-89800429 | |
| 31-12-2003 | abbreviated format | 29-10-2004 | 2004-76701607 | |
| 31-12-2002 | abbreviated format | 29-12-2003 | 2003-85400175 | |
| 31-12-2001 | abbreviated format | 16-01-2003 | 2003-01300005 | |
| 31-12-2000 | abbreviated format | 12-12-2001 | 2001-74700138 | |
| 31-12-1999 | abbreviated format | 10-01-2001 | 2001-00400257 | |
| 31-12-1998 | abbreviated format | 29-09-1999 | 1999-49304650 | |
| 31-12-1997 | abbreviated format | 30-12-1998 | 1998-63901435 | |
| 31-12-1996 | abbreviated format | 05-02-1998 | 1998-01904797 | |
| 31-12-1995 | abbreviated format | 10-12-1996 | 1996-52901679 | |
| 31-12-1994 | abbreviated format | 02-11-1995 | 1995-55803809 | |
| 31-12-1993 | abbreviated format | 15-11-1994 | 1994-46804582 | |
| 31-12-1992 | abbreviated format | 13-09-1993 | 1993-35501295 | |
| 31-12-1991 | abbreviated format | 11-12-1992 | 1992-40301573 | |
| 31-12-1990 | abbreviated format | 13-09-1991 | 1991-25203991 | |
| 31-12-1989 | abbreviated format | 27-09-1990 | 1990-24605033 | |
| 31-12-1988 | abbreviated format | 13-12-1989 | 1989-26904922 | |
| 31-12-1987 | abbreviated format | 28-06-1988 | 1988-11200953 | |
| 31-12-1986 | abbreviated format | 02-09-1987 | 1987-21102870 | |
| 31-12-1985 | abbreviated format | 11-06-1986 | 1986-13001856 | |
| 31-12-1984 | full format | 10-09-1985 | 1985-32801286 | |
| 31-12-1983 | unclassified schema | 02-07-1984 | 1984-09900400 | |
| 31-12-1982 | unclassified schema | 19-01-1984 | 1984-00302040 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 342,951 | 558,208 | 298,514 | 471,174 | 24,582 | - | - | - | - | -15,923 | 754 | 75,988 | 37,859 | 75,794 | 49,869 | 53,377 | 36,052 | 55,434 | 77,471 | ||
| 275,377 | 424,459 | 162,775 | 325,668 | 15,258 | - | - | - | - | -15,693 | -3,869 | 64,321 | 37,638 | 78,889 | 51,562 | 54,014 | 36,096 | 55,363 | 71,577 | ||
| 466,321 | 152,233 | 70,066 | 0 | 23,744 | 393,569 | 347,548 | 30,855 | - | 0 | -471 | 10,459 | 6,073 | 79,010 | 26,544 | 35,603 | 17,122 | 24,863 | 26,494 | ||
| 280,798 | -14,165 | -748,590 | 1.4m | -193,315 | -55,592 | 492,923 | 11,778 | 1,957 | -28,872 | -40,951 | -4,370 | 15,677 | 28,129 | 20,527 | 57,150 | 18,216 | -4,179 | - | ||
| 1.6m | 1.3m | 881,153 | 1.4m | 679,374 | 412,298 | -275,321 | 92,607 | 146,227 | 147,564 | 158,972 | 168,403 | -90,891 | 128,105 | 106,124 | 78,750 | 60,784 | 39,578 | 9,012 | ||
| 35.7% | 47.2% | 15.2% | 26.1% | 56.4% | 78.2% | 19.1% | 99.9% | 97.7% | 96.3% | 96.6% | 85.5% | 18.6% | 79.1% | 87.7% | 89.3% | 88.2% | 89.9% | 80.0% | ||
| 2.45 | 2.48 | 1.20 | 2.11 | 13.99 | 4.59 | 0.68 | - | - | 54.77 | 21.37 | 4.70 | 0.71 | 3.21 | 3.97 | 3.56 | 2.86 | 2.30 | 1.13 | ||
| 2.45 | 2.48 | 0.45 | 1.55 | 8.03 | 4.59 | 0.68 | - | - | 54.77 | 21.37 | 4.64 | 0.70 | 3.16 | 3.88 | 3.43 | 2.76 | 2.19 | 1.09 | ||
| 1.80 | 1.12 | 5.57 | 2.83 | 0.77 | 0.28 | 4.23 | 0.00 | 0.02 | 0.04 | 0.03 | 0.17 | 4.38 | 0.26 | 0.14 | 0.12 | 0.13 | 0.11 | 0.25 | ||
| 19.6% | 36.1% | 19.3% | 45.8% | 3.0% | 50.9% | -10.1% | -8.4% | 0.2% | -20.5% | -13.9% | 7.3% | -18.2% | 8.0% | 2.9% | 4.5% | -4.5% | 1.2% | 6.8% | ||
| 7.0% | 17.0% | 2.9% | 12.0% | 1.7% | 39.8% | -1.9% | -8.3% | 0.2% | -19.7% | -13.4% | 6.3% | -3.4% | 6.3% | 2.5% | 4.0% | -4.0% | 1.0% | 5.4% | ||
| over 100 | 60.89 | 3.52 | 25.60 | 4.17 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 1 | 1 |
| full-time | 1 | 1 | 1 | 1 | - |
| part-time | 1 | 1 | 1 | - | 1 |
| in full-time equivalents | 1.8 | 1.8 | 1.8 | 1 | 0.4 |
| 1.8 | 1.8 | 1.6 | 1 | 0.1 | |
| On a permanent contract | 2 | 2 | 2 | 1 | 1 |
| Joined | - | - | 1 | - | 1 |
| Left | - | - | 0 | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €130,174 | €595,356 | €229,080 |
| Mortgages, amount registered | - | - | €25,000 | €25,000 | €25,000 |
| - | - | €2.2m | €2.2m | - | |
| Carrying value of the mortgaged assets | - | - | €3.2m | €669,960 | €222,034 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €18,012 | €152,233 | €70,066 | - | €23,744 |
| Financial fixed assets | €448,308 | - | - | - | - |
| €36,756 | €31,638 | €7,246 | €6,777 | €2,711 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MASSIMMO PROJECTS
The operating result for 2025 is 42% lower than in 2024.
Debt's share of the balance-sheet total rises from 52.8% to 64.3%. Equity and debt are higher.