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 62 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MASTER FINANCe from Hamme (Vl.), company number BE0454153703, closed financial year 2025 with a result of € -1,463 after tax. For that financial year MASTER FINANCe recorded a gross margin of € -649 and equity of € 101,776. Compared with financial year 2024, the result moved from € 25,896 to € -1,463. 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.
€ 101,776
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,463
▼ still € 25,896 profit in 2024
Profit after tax over the fiscal year.
€ 16,238
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -214,928.
Debts at end 2025
€ 154,640
Loans from banks and other lenders, long and short.
€ 182
▲ 260% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,017 | € -664 | € 26,743 | € -649 | ▼ € 27,392 |
| Profit after taxes | € -1,252 | € -1,228 | € 25,896 | € -1,463 | ▼ € 27,359 |
| Equity | € 78,571 | € 77,344 | € 103,239 | € 101,776 | ▼ 1% |
| Total debts | € 237,550 | € 238,913 | € 179,719 | € 180,959 | ▲ 1% |
| Cash | € 12,662 | € 16,322 | € 16,485 | € 16,238 | ▼ 1% |
| Retained profit | € -238,133 | € -239,361 | € -213,465 | € -214,928 | ▼ € 1,463 |
| Bank debt | € 154,640 | € 154,640 | € 154,640 | € 154,640 | |
| Balance sheet total | € 316,121 | € 316,257 | € 282,958 | € 282,734 |
Key figures of MASTER FINANCe, 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 MASTER FINANCe?
What happened at MASTER FINANCe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- IVAN VAN KERSCHAVER stepped down as director. NBB
- CHRISTINE DE GRAEF stepped down as director. NBB
- CRIVA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1,463 (▼ € 27,359 vs 2024). Source: NBB ↗
- IVAN VAN KERSCHAVER became a director. NBB
- CHRISTINE DE GRAEF became a director. NBB
- CRIVA became a director. NBB
- New establishment in Hamme (Vl.). KBO
In short
From € 1,252 loss in 2022 to € 1,463 loss in 2025.
Best year ever: 2024, with € 25,896 profit.
Management
Directors
According to the 2025 annual accounts
IVAN VAN KERSCHAVER
Managing director
since 2021 · until 2027
CHRISTINE DE GRAEF
Director
since 2021 · until 2027
Director · represented by STIJN VAN KERSCHAVER
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Roodkruisstraat 1A
9220 Hamme (Vl.)
Roodkruisstraat 1 box A
9220 Hamme (Vl.)
Active since 9 July 1998
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0454.153.703
- VAT number
- BE 0454.153.703
- Registered office
- Roodkruisstraat 1A, 9220 Hamme (Vl.)
- Names & denominations
- MASTER FINANCe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 January 1995
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
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