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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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
FML Mastyflex Belgium from Gent, company number BE0437253729, closed financial year 2025 with a result of € 22,907 after tax. For that financial year FML Mastyflex Belgium recorded a gross margin of € 83,486 and equity of € 96,384. Compared with financial year 2024, the result moved from € 2,465 to € 22,907. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 13, 2026.
€ 96,384
▲ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,907
▲ € 20,442 vs 2024
Profit after tax over the fiscal year.
€ 1,289
▼ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 34,384.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 13,053
Supplier invoices still open on the last day of the fiscal year.
€ 8,323
▲ € 7,855 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 24,513 | € 10,752 | € 15,298 | € 83,486 | ▲ € 68,187 |
| Profit after taxes | € 6,444 | € -1,881 | € 2,465 | € 22,907 | ▲ € 20,442 |
| Equity | € 72,893 | € 71,012 | € 73,477 | € 96,384 | ▲ 31% |
| Total debts | € 17,957 | € 2,887 | € 6,827 | € 137,898 | ▲ € 131,071 |
| Cash | € 22,237 | € 8,349 | € 20,629 | € 1,289 | ▼ 94% |
| Land & buildings | € 57,316 | € 49,489 | € 41,910 | € 34,479 | ▼ 18% |
| Retained profit | € 10,893 | € 9,012 | € 11,477 | € 34,384 | ▲ 200% |
| Balance sheet total | € 90,850 | € 73,899 | € 80,304 | € 234,282 | ▲ 192% |
Key figures of FML Mastyflex Belgium, 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 FML Mastyflex Belgium?
What happened at FML Mastyflex Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 22,907 (▲ € 20,442 vs 2024). filed late Source: NBB ↗
- Madjid Gordjestani became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,444 profit in 2022 to € 22,907 profit in 2025.
Paid € 11,518 in corporate taxes since 2022.
Best year ever: 2025, with € 22,907 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of MASTYFLEX-BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FML Mastyflex BelgiumBehind FML Mastyflex Belgium is Madjid Gordjestani. The shares are held by MASTYFLEX-BELGIUM (100%).
Directors
According to the 2025 annual accounts
since 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Widostraat 6
9000 Gent
Vlaanderenstraat 127
9000 Gent
Active since 25 May 1989
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.253.729
- VAT number
- BE 0437.253.729
- Registered office
- Sint-Widostraat 6, 9000 Gent
- Names & denominations
- FML Mastyflex Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 April 1989
- Peppol
- Not registered