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 28 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MASTERWRAP from Staden, company number BE0633493835, closed financial year 2025 with a result of € 2,040 after tax. For that financial year MASTERWRAP recorded a gross margin of € 32,140 and equity of € 73,356. Compared with financial year 2024, the result moved from € 7,014 to € 2,040. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 15, 2026.
€ 73,356
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,040
▼ 71% vs 2024
Profit after tax over the fiscal year.
€ 3,262
▼ 62% 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 € 54,756.
People and assets in 2025
€ 13,092
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 193,888
▼ 10% vs 2024
€ 16,686 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 18,079
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,784
▼ 46% 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 | € 39,290 | € 45,340 | € 39,743 | € 32,140 | ▼ 19% |
| Profit after taxes | € 14,711 | € 11,237 | € 7,014 | € 2,040 | ▼ 71% |
| Equity | € 53,064 | € 64,301 | € 71,316 | € 73,356 | ▲ 3% |
| Total debts | € 291,291 | € 262,906 | € 247,978 | € 220,269 | ▼ 11% |
| Cash | € 5,846 | € 4,352 | € 8,490 | € 3,262 | ▼ 62% |
| Land & buildings | € 258,769 | € 251,102 | € 243,436 | € 235,769 | ▼ 3% |
| Retained profit | € 34,464 | € 45,701 | € 52,716 | € 54,756 | ▲ 4% |
| Bank debt | € 265,584 | € 235,277 | € 214,873 | € 193,888 | ▼ 10% |
| Balance sheet total | € 344,355 | € 327,208 | € 319,294 | € 293,625 | ▼ 8% |
Key figures of MASTERWRAP, 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 MASTERWRAP?
What happened at MASTERWRAP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,040 (▼ 71% vs 2024). filed late Source: NBB ↗
- New establishment in Staden. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,711 profit in 2022 to € 2,040 profit in 2025.
Paid € 9,466 in corporate taxes since 2022.
Best year ever: 2022, with € 14,711 profit.
Management
Behind MASTERWRAP are Sylvie Bouttelisier and Gunther Maes. Sylvie Bouttelisier is also behind CREATED SOFTWARE SOLUTIONS.
Directors
According to the 2025 annual accounts
Gunther Maes
Director
Establishments
Establishment units
Physical locations of this company
14e Liniestraat(ONK) 1
8840 Staden
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.
Website
Technologies
Hosting & Email
Email provider
one.com Mail
Hosting
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0633.493.835
- VAT number
- BE 0633.493.835
- Registered office
- 14e Liniestraat(ONK) 1, 8840 Staden
- Names & denominations
- MASTERWRAP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 July 2015
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
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