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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Busy address KBO
69 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MASTER SWITCH from Watermaal-Bosvoorde, company number BE0432696412, closed financial year 2025 with a result of € -16,628 after tax. For that financial year MASTER SWITCH recorded a gross margin of € 6,690 and equity of € -311,022. Compared with financial year 2024, the result moved from € -48,417 to € -16,628. 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 August 31, 2026.
€ -311,022
▼ € 16,628 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,628
▲ 66 % less loss than in 2024
Profit after tax over the fiscal year.
€ 39,189
▲ € 35,722 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -329,614.
People and assets in 2025
€ 408
▼ 67% 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.
€ 35,667
▼ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,796
▼ 35% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -198,933 | € -113,288 | € -35,666 | € 6,690 | ▲ € 42,356 |
| Profit after taxes | € -200,432 | € -131,428 | € -48,417 | € -16,628 | ▲ € 31,789 |
| Equity | € -114,550 | € -245,978 | € -294,395 | € -311,022 | ▼ € 16,628 |
| Total debts | € 332,210 | € 367,575 | € 397,938 | € 402,281 | ▲ 1% |
| Cash | € 12,031 | € 10,442 | € 3,467 | € 39,189 | ▲ € 35,722 |
| Retained profit | € -133,142 | € -264,570 | € -312,987 | € -329,614 | ▼ € 16,628 |
| Balance sheet total | € 217,660 | € 121,597 | € 103,544 | € 91,258 | ▼ 12% |
Key figures of MASTER SWITCH, 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 MASTER SWITCH?
What happened at MASTER SWITCH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 16,628. filed late Source: NBB ↗
- VV CONSULTING SRL became a director. NBB
- A&S SERTANG SRL became a director. NBB
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 200,432 loss in 2022 to € 16,628 loss in 2025.
Management
The stake of GNATRES, GINION GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MASTER SWITCHBehind MASTER SWITCH are VV CONSULTING SRL and A&S SERTANG SRL. The shares are held by GNATRES (50%) and GINION GROUP (50%).
Directors
According to the 2025 annual accounts
Director · represented by Vincent VANDENBROECK
Also active at: Ginion Classics, GINION GROUP, GESTRAN IMMO, FRANCORCHAMPS MOTORS BRUSSELS, Chaussée de Bruxelles Real Estate, Ginion Wavre Real Estate
since 2023
Director · represented by Stéphane SERTANG
Also active at: Ginion Classics, GINION GROUP, GESTRAN IMMO, FRANCORCHAMPS MOTORS BRUSSELS, Ginion Wavre Real Estate
since 2023
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vorstlaan 24
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 69 companies are registered at this address.
All companies at this address →TAG BELGIUM
€ 981,306 gross margin · 2024
ASSOCIATION DU BRABANT DES ENTREPRENEURS GENERAUX - BRABANTS VERBOND DER ALGEMENEAANNEMERS
Maison Des Entrepreneurs - Aannemershuis
€ 3.8 million gross margin · 2025
IMMO M.C.H.
€ 227,731 gross margin · 2025
Promotion Construction Bruxelles -Promotie Bouw Brussel
+64 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
- 0432.696.412
- VAT number
- BE 0432.696.412
- Registered office
- Vorstlaan 24, 1170 Watermaal-Bosvoorde
- Names & denominations
- MASTER SWITCH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 December 1987
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Activiteiten van reisbureaus
Public relationsbureaus
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Activiteiten van reisorganisatoren
Overige recreatie- en ontspanningsactiviteiten, neg
Organisatie van congressen en beurzen
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
+4