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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Busy address KBO
23 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Payroll Masters from Westerlo, company number BE0797364645, closed financial year 2025 with a result of € -8,540 after tax. For that financial year Payroll Masters recorded a gross margin of € 741,741 and equity of € 84,130. Compared with financial year 2024, the result moved from € 57,305 to € -8,540. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 84,130
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,540
▼ still € 57,305 profit in 2024
Profit after tax over the fiscal year.
€ 28,129
▼ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 82,130.
People and assets in 2025
€ 716,149
▲ 9% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,298
▼ 53% 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.
€ 130,502
▲ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 97,561
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 203,358 | € 754,597 | € 741,741 | ▼ 2% |
| Profit after taxes | € 33,365 | € 57,305 | € -8,540 | ▼ € 65,845 |
| Equity | € 35,365 | € 92,671 | € 84,130 | ▼ 9% |
| Total debts | € 86,191 | € 210,153 | € 228,745 | ▲ 9% |
| Cash | € 29,353 | € 93,319 | € 28,129 | ▼ 70% |
| Retained profit | € 33,365 | € 90,671 | € 82,130 | ▼ 9% |
| Balance sheet total | € 121,556 | € 302,823 | € 312,875 | ▲ 3% |
Key figures of Payroll Masters, fiscal years 2023 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 Payroll Masters?
What happened at Payroll Masters in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,540 (▼ € 65,845 vs 2024). Source: NBB ↗
- New establishment in Westerlo. KBO
- De Mens Centraal became a director. NBB
- Ilse Demarbaix became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 33,365 profit in 2023 to € 8,540 loss in 2025.
Paid € 34,967 in corporate taxes since 2023.
Best year ever: 2024, with € 57,305 profit.
Management
Behind Payroll Masters are De Mens Centraal and Ilse Demarbaix.
Directors
According to the 2025 annual accounts
Director · represented by Veerle Van de Paer
since 2023
Director · represented by Ilse Demarbaix
since 2023
Establishments
Establishment units
Physical locations of this company
Olenseweg 375
2260 Westerlo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 23 companies are registered at this address.
All companies at this address →IPANEMA
€ -1,748 gross margin · 2024
Building 375
A BOX OF IDEAS
€ 75,655 gross margin · 2023
Butlers For Business
€ 10,359 gross margin · 2025
ABP TECHNOLOGIES
€ -40,793 gross margin · 2024
+18 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Microsoft 365
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Website info
Features
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Details
- Company number
- 0797.364.645
- VAT number
- BE 0797.364.645
- Registered office
- Olenseweg 375, 2260 Westerlo
- Names & denominations
- Payroll Masters
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 January 2023
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- hr-masters.be
- Activities · NACE
Activiteiten van uitzendbureaus en andere diensten in verband met personeelsvoorziening
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Andere vormen van arbeidsbemiddeling
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Arbeidsbemiddeling
Organisatie van congressen en beurzen
Overige vormen van onderwijs
Overige dienstverlenende activiteiten op het gebied van informatie
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