Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Mast Projects from Destelbergen, company number BE0767800728, closed financial year 2025 with a result of € -81,277 after tax. For that financial year Mast Projects recorded a gross margin of € -63,153 and equity of € -76,871. Compared with financial year 2024, the result moved from € -4,659 to € -81,277. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 13, 2026.
€ -76,871
▼ € 81,277 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -81,277
▼ 1644 % more loss than in 2024
Profit after tax over the fiscal year.
€ 53,631
▲ € 44,841 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -84,871.
People and assets in 2025
€ 152
▼ 54% 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.
€ 2,979
▼ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 28,881 | € 10,874 | € 10,831 | € -63,153 | ▼ € 73,984 |
| Profit after taxes | € 545 | € 520 | € -4,659 | € -81,277 | ▼ € 76,618 |
| Equity | € 8,545 | € 9,065 | € 4,406 | € -76,871 | ▼ € 81,277 |
| Total debts | € 480,676 | € 313,553 | € 446,070 | € 159,067 | ▼ 64% |
| Cash | € 826 | € 39,870 | € 8,790 | € 53,631 | ▲ € 44,841 |
| Retained profit | € 545 | € 1,065 | € -3,594 | € -84,871 | ▼ € 81,277 |
| Bank debt | € 279,583 | € 142,755 | € 232,128 | € 0 | ▼ 100% |
| Balance sheet total | € 489,221 | € 322,618 | € 450,476 | € 82,196 | ▼ 82% |
Key figures of Mast Projects, 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 Mast Projects?
What happened at Mast Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 81,277. Source: NBB ↗
- New establishment in Destelbergen. KBO
- Stephan Martens became a director. NBB
- Efrem Martens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 545 profit in 2022 to € 81,277 loss in 2025.
Paid € 907 in corporate taxes since 2022.
Best year ever: 2022, with € 545 profit.
A new publication or filing at Mast Projects? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Mast Projects are Stephan Martens and Efrem Martens. Efrem Martens is also behind EMC.
Directors
According to the 2025 annual accounts
Stephan Martens
Director
since 2021
since 2021
Establishments
Establishment units
Physical locations of this company
Pretstraat(HEU) 4
9070 Destelbergen
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
- 0767.800.728
- VAT number
- BE 0767.800.728
- Registered office
- Pretstraat(HEU) 4, 9070 Destelbergen
- Names & denominations
- Mast Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 May 2021
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
Algemene bouw van residentiële gebouwen
Overige gespecialiseerde bouwactiviteiten, neg
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Restaureren van bouwwerken