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 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MASTEBO from Dentergem, company number BE0766819741, closed financial year 2025 with a result of € 13,844 after tax. For that financial year MASTEBO recorded a gross margin of € 50,065 and equity of € 38,951. Compared with financial year 2024, the result moved from € 21,944 to € 13,844. The company is profitable. The buffer shrank hard: equity is 50 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 30, 2025.
€ 38,951
▼ 50% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,844
▼ 37% vs 2024
Profit after tax over the fiscal year.
€ 208,558
▲ € 167,897 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 53,314 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 43,132
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 239,183
▼ 59% vs 2024
€ 230,277 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 925
▲ 299% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,555
▼ 8% 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 | € 63,659 | € 64,932 | € 57,543 | € 50,065 | ▼ 13% |
| Profit after taxes | € 35,551 | € 39,525 | € 21,944 | € 13,844 | ▼ 37% |
| Equity | € 38,951 | € 78,475 | € 78,420 | € 38,951 | ▼ 50% |
| Total debts | € 49,442 | € 57,755 | € 592,395 | € 779,828 | ▲ 32% |
| Cash | € 49,138 | € 30,636 | € 40,661 | € 208,558 | ▲ € 167,897 |
| Retained profit | € 33,951 | € 73,475 | € 73,420 | € 33,951 | ▼ 54% |
| Dividend | € 1,600 | € 0 | € 22,000 | € 53,314 | ▲ 142% |
| Bank debt | € 23,701 | € 45,972 | € 579,031 | € 239,183 | ▼ 59% |
| Balance sheet total | € 88,393 | € 136,230 | € 670,815 | € 818,779 | ▲ 22% |
Key figures of MASTEBO, 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 MASTEBO?
What happened at MASTEBO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 13,844 (▼ 37% vs 2024). Source: NBB ↗
- New establishment in Dentergem. KBO
- MAARTEN VERMEERSCH became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 35,551 profit in 2022 to € 13,844 profit in 2025.
Paid € 45,148 in corporate taxes since 2022.
Best year ever: 2023, with € 39,525 profit.
Paid out € 76,914 in dividends to the owners in total.
Management
Behind MASTEBO is MAARTEN VERMEERSCH. It owns 50% of AGTech itself.
Directors
According to the 2025 annual accounts
since 2021
Establishments
Establishment units
Physical locations of this company
Vennestraat(Wak) 7
8720 Dentergem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0766.819.741
- VAT number
- BE 0766.819.741
- Registered office
- Vennestraat(Wak) 7, 8720 Dentergem
- Names & denominations
- MASTEBO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 April 2021
- Peppol
- Active · Active since 10 Dec 2024
- Activities · NACE
Activiteiten van holdings
Holdings