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 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Majestro from Gent, company number BE0817911027, closed financial year 2025 with a result of € 19,808 after tax. For that financial year Majestro recorded a gross margin of € 52,557 and equity of € 107,551. Compared with financial year 2024, the result moved from € 8,886 to € 19,808. Profitable, and profit is growing. The buffer shrank hard: equity is 53 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 107,551
▼ 53% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19,808
▲ 123% vs 2024
Profit after tax over the fiscal year.
€ 101,051
▼ 9% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 139,294 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 6,547
▲ 75% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 68,046
▼ 19% vs 2024
€ 16,346 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 4,570
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,669
▲ 32% 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 | € 66,711 | € 61,226 | € 39,556 | € 52,557 | ▲ 33% |
| Profit after taxes | € 33,267 | € 28,147 | € 8,886 | € 19,808 | ▲ 123% |
| Equity | € 256,267 | € 242,361 | € 227,037 | € 107,551 | ▼ 53% |
| Total debts | € 171,339 | € 176,219 | € 149,783 | € 239,069 | ▲ 60% |
| Cash | € 159,547 | € 157,844 | € 111,455 | € 101,051 | ▼ 9% |
| Land & buildings | € 238,372 | € 228,285 | € 222,302 | € 215,405 | ▼ 3% |
| Retained profit | € 237,667 | € 223,761 | € 208,437 | € 88,951 | ▼ 57% |
| Dividend | € 0 | € 42,053 | € 24,211 | € 139,294 | ▲ € 115,083 |
| Bank debt | € 114,778 | € 100,744 | € 83,693 | € 68,046 | ▼ 19% |
| Balance sheet total | € 427,606 | € 418,580 | € 376,820 | € 346,620 | ▼ 8% |
Key figures of Majestro, 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 Majestro?
What happened at Majestro in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 19,808 (▲ 123% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Wouter THOEN became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 33,267 profit in 2022 to € 19,808 profit in 2025.
Paid € 37,902 in corporate taxes since 2022.
Best year ever: 2022, with € 33,267 profit.
Paid out € 205,557 in dividends to the owners in total.
Management
Behind Majestro is Wouter THOEN.
Directors
According to the 2025 annual accounts
Wouter THOEN
Director
since 2009
Establishments
Establishment units
Physical locations of this company
Waterstraat 282
9041 Gent
Hans Memlingstraat 21 box 001
9040 Gent
Active since 19 August 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
- 0817.911.027
- VAT number
- BE 0817.911.027
- Registered office
- Waterstraat 282, 9041 Gent
- Names & denominations
- Majestro
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 August 2009
- Peppol
- Active · Active since 17 Jun 2025
- Activities · NACE
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