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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
MASTEL from Schilde, company number BE0445182092, closed financial year 2025 with a result of € -173,133 after tax. For that financial year MASTEL recorded a gross margin of € 64,751 and equity of € 6.2 million. Compared with financial year 2024, the result moved from € -179,371 to € -173,133. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 8, 2026.
€ 6.2 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -173,133
▲ 3 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1.3 million
▲ € 1.1 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 6.1 million.
People and assets in 2025
€ 22,447
▼ 36% 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.
€ 13,341
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 101,454 | € 53,169 | € 48,664 | € 64,751 | ▲ 33% |
| Profit after taxes | € -203,403 | € -78,687 | € -179,371 | € -173,133 | ▲ € 6,238 |
| Equity | € 9,218,634 | € 6,529,947 | € 6,350,575 | € 6,177,442 | ▼ 3% |
| Total debts | € 11,372 | € 208,357 | € 103,941 | € 13,341 | ▼ 87% |
| Cash | € 1,537,301 | € 1,454,101 | € 209,879 | € 1,335,336 | ▲ € 1.1 million |
| Land & buildings | € 5,453,052 | € 5,219,603 | € 4,988,670 | € 4,796,962 | ▼ 4% |
| Retained profit | € 6,546,634 | € 6,467,947 | € 6,288,575 | € 6,115,442 | ▼ 3% |
| Balance sheet total | € 9,230,007 | € 6,738,304 | € 6,454,516 | € 6,190,783 | ▼ 4% |
Key figures of MASTEL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to MASTEL?
What happened at MASTEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Marc Vanhoudt stepped down as director. NBB
- Marleen Verhoeven stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 173,133. Source: NBB ↗
- Marc Vanhoudt became a director. NBB
- Marleen Verhoeven became a director. NBB
- New establishment in Schilde. KBO
- Start of the company according to the CBE. KBO
In short
From € 203,403 loss in 2022 to € 173,133 loss in 2025.
Paid € 5,566 in corporate taxes since 2022.
Management
Directors
According to the 2025 annual accounts
Marc Vanhoudt
Managing director
since 2022 · until 2028
Marleen Verhoeven
Director
since 2005 · until 2028
Establishments
Establishment units
Physical locations of this company
Blijde Inkomst 44
2970 Schilde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.182.092
- VAT number
- BE 0445.182.092
- Registered office
- Blijde Inkomst 44, 2970 Schilde
- Names & denominations
- MASTEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 September 1991
- Peppol
- Active · Active since 17 Mar 2026
- Activities · NACE
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