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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MASTYFLEX-BELGIUM from Knokke-Heist, company number BE0832135680, closed financial year 2025 with a result of € -166,906 after tax. For that financial year MASTYFLEX-BELGIUM recorded a gross margin of € 95,723 and equity of € 6.6 million. Compared with financial year 2024, the result moved from € -131,644 to € -166,906. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.
€ 6.6 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -166,906
▼ 27 % more loss than in 2024
Profit after tax over the fiscal year.
€ 37,071
▼ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 6.6 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 1,352
▼ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.2 million
▲ 106% vs 2024
€ 171,663 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 39,709
▼ 45% 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 | € 55,992 | € 108,862 | € 87,236 | € 95,723 | ▲ 10% |
| Profit after taxes | € -136,190 | € -95,400 | € -131,644 | € -166,906 | ▼ € 35,262 |
| Equity | € 7,004,229 | € 6,908,829 | € 6,777,185 | € 6,610,279 | ▼ 2% |
| Total debts | € 1,438,438 | € 2,090,986 | € 2,188,366 | € 4,630,561 | ▲ 112% |
| Cash | € 27,710 | € 7,882 | € 50,873 | € 37,071 | ▼ 27% |
| Land & buildings | € 2,839,235 | € 3,465,856 | € 3,456,370 | € 4,193,841 | ▲ 21% |
| Retained profit | € 6,981,429 | € 6,886,029 | € 6,754,385 | € 6,587,479 | ▼ 2% |
| Bank debt | € 916,667 | € 1,169,583 | € 1,081,249 | € 2,229,026 | ▲ 106% |
| Balance sheet total | € 8,442,667 | € 8,999,815 | € 8,965,551 | € 11,240,840 | ▲ 25% |
| Employees (FTE) | 1 | 1 | 0 | 0 |
Key figures of MASTYFLEX-BELGIUM, 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 October 2026.
What happened to MASTYFLEX-BELGIUM?
What happened at MASTYFLEX-BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 166,906. Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- Madjid Gordjestani became a director. NBB
In short
From € 136,190 loss in 2022 to € 166,906 loss in 2025.
On average € 108,900 of value added per employee in 2023.
A new publication or filing at MASTYFLEX-BELGIUM? 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 MASTYFLEX-BELGIUM is Madjid Gordjestani. It owns 100% of FML Mastyflex and 99% of Mastyflex BV itself.
Directors
According to the 2025 annual accounts
since 2010
Establishments
Establishment units
Physical locations of this company
Albertplein 16 box 3.1
8300 Knokke-Heist
Sint-Widostraat 6
9000 Gent
Active since 22 December 2010
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
- 0832.135.680
- VAT number
- BE 0832.135.680
- Registered office
- Albertplein 16 bus 3.1, 8300 Knokke-Heist
- Names & denominations
- MASTYFLEX-BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2010
- Peppol
- Not registered