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 2021 and 2022.
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Annual account missing NBB
Fiscal year 2023 was expected before 31 July 2024 and has not been filed.
Financials
Financial year 2022
Mastercard Transaction Services (Europe) from Waterloo, company number BE0549987921, closed financial year 2022 with a result of € -14.7 million after tax. For that financial year Mastercard Transaction Services (Europe) recorded revenue of € 12.6 million and equity of € 16.2 million. Compared with financial year 2021, the result moved from € -11.2 million to € -14.7 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2023.
€ 16.2 million
▲ 2% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14.7 million
▼ 31 % more loss than in 2021
Profit after tax over the fiscal year.
€ 50.9 million
▲ 17% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -91.7 million.
People and assets in 2022
64
▲ 2 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 9.5 million
▲ 40% vs 2021
€ 148,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 13,315
▼ 24% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 55 million
▲ 38% vs 2021
Loans from banks and other lenders, long and short.
€ 9.7 million
▲ 169% vs 2021
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 243 days on average.
€ 2.8 million
▲ 53% vs 2021
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Revenue | € 8,478,563 | € 12,578,400 | ▲ 48% |
| Profit after taxes | € -11,186,676 | € -14,675,416 | ▼ € 3.5 million |
| Equity | € 15,922,860 | € 16,247,444 | ▲ 2% |
| Total debts | € 57,207,024 | € 77,154,744 | ▲ 35% |
| Cash | € 43,315,760 | € 50,868,963 | ▲ 17% |
| Retained profit | € -76,986,299 | € -91,661,715 | ▼ € 14.7 million |
| Bank debt | € 39,987,960 | € 55,001,124 | ▲ 38% |
| Balance sheet total | € 73,129,884 | € 93,402,188 | ▲ 28% |
| Employees (FTE) | 62 | 64 | ▲ 2 |
Key figures of Mastercard Transaction Services (Europe), fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to Mastercard Transaction Services (Europe)?
What happened at Mastercard Transaction Services (Europe) in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Henri Dewaerheijd stepped down as director. NBB
- Patricia Decuypere stepped down as director. NBB
- Luis Alvarez stepped down as director. NBB
- Marc Friedman stepped down as director. NBB
- New annual accounts for financial year 2022: loss of € 14.7 million. Source: NBB ↗
- Patricia Decuypere became a director. NBB
- Luis Alvarez became a director. NBB
- Marc Friedman became a director. NBB
In short
From € 11.2 million loss in 2021 to € 14.7 million loss in 2022.
Paid € 232,461 in corporate taxes since 2021.
Management
Directors
According to the 2022 annual accounts
since 2016 · until 2028
Patricia Decuypere
Director
since 2022 · until 2028
Luis Alvarez
Director
since 2022 · until 2028
Marc Friedman
Director
since 2019 · until 2028
Establishments
Establishment units
Physical locations of this company
Chaussée de Tervuren 198A
1410 Waterloo
Chaussée de Tervuren 198 box A
1410 Waterloo
Active since 3 April 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
MASTER-7-AS - MasterCard Technologies LLC, US
Domain
Domain
mastercard.com
Registered
1994-07-27
Registrar
CSC Corporate Domains, Inc.
Expires
2026-07-26
Website info
Features
Security
Details
- Company number
- 0549.987.921
- VAT number
- BE 0549.987.921
- Registered office
- Chaussée de Tervuren 198A, 1410 Waterloo
- Names & denominations
- Mastercard Transaction Services (Europe) · MTS (Europe)
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 April 2014
- Peppol
- Active · Active since 1 Jul 2025
- Contact
- mastercard.com
- Activities · NACE
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen
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