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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MASTERFLEX from Mortsel, company number BE0808639312, closed financial year 2025 with a result of € 1,732 after tax. For that financial year MASTERFLEX recorded a gross margin of € 1,898 and equity of € -41,760. Compared with financial year 2024, the result moved from € 1,294 to € 1,732. Profitable, and profit is growing. 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 September 21, 2026.
€ -41,760
▲ € 1,732 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,732
▲ 34% vs 2024
Profit after tax over the fiscal year.
€ 4,378
▲ 27% 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 € -47,960.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -6,036 | € -2,280 | € 1,883 | € 1,898 | ▲ 1% |
| Profit after taxes | € -6,291 | € -2,850 | € 1,294 | € 1,732 | ▲ 34% |
| Equity | € -41,937 | € -44,787 | € -43,492 | € -41,760 | ▲ € 1,732 |
| Total debts | € 43,936 | € 47,614 | € 47,614 | € 47,614 | |
| Cash | € 1,999 | € 2,634 | € 3,446 | € 4,378 | ▲ 27% |
| Retained profit | € -48,137 | € -50,987 | € -49,692 | € -47,960 | ▲ € 1,732 |
| Balance sheet total | € 1,999 | € 2,827 | € 4,121 | € 5,853 | ▲ 42% |
Key figures of MASTERFLEX, 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 MASTERFLEX?
What happened at MASTERFLEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,732 (▲ 34% vs 2024). filed late Source: NBB ↗
- Gunter Marissen became a director. NBB
- New establishment in Ranst. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,291 loss in 2022 to € 1,732 profit in 2025.
Best year ever: 2025, with € 1,732 profit.
Management
Behind MASTERFLEX is Gunter Marissen. Gunter Marissen is also behind Y-DENTITY and INVESTORE.
Establishments
Establishment units
Physical locations of this company
Eduard Arsenstraat 92 bis
2640 Mortsel
Herentalsebaan 151
2520 Ranst
Active since 1 January 2009
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0808.639.312
- VAT number
- BE 0808.639.312
- Registered office
- Eduard Arsenstraat 92 bis, 2640 Mortsel
- Names & denominations
- MASTERFLEX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2008
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
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