What is the address of MASTYFLEX-BELGIUM?

The registered office of MASTYFLEX-BELGIUM is located at Albertplein 16 box 3.1, 8300 Knokke-Heist.

Is MASTYFLEX-BELGIUM still active?

Yes. According to the CBE (4 November 2026) MASTYFLEX-BELGIUM is active, legal situation “Normale toestand”, started on 22 December 2010.

Is MASTYFLEX-BELGIUM registered on Peppol?

No, MASTYFLEX-BELGIUM is currently not registered on the Peppol network.

What is the enterprise number of MASTYFLEX-BELGIUM?

The enterprise number of MASTYFLEX-BELGIUM is BE0832135680.

When was MASTYFLEX-BELGIUM founded?

MASTYFLEX-BELGIUM was founded on 22 December 2010.

Who are the directors of MASTYFLEX-BELGIUM?

According to the 2026 annual accounts, the directors of MASTYFLEX-BELGIUM are: Madjid Gordjestani.

Is MASTYFLEX-BELGIUM a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 22 December 2010; 6 annual accounts filed, latest fiscal year 2026; 1 directors known from the annual account; 1 events from the Belgian Official Gazette processed.

How much profit did MASTYFLEX-BELGIUM make in 2026?

MASTYFLEX-BELGIUM posted a profit after taxes of € 4,569,619 in financial year 2026.

What is the revenue of MASTYFLEX-BELGIUM?

As a small company, MASTYFLEX-BELGIUM is not required to publish revenue in its annual accounts. In financial year 2026, its added value was € 125,067.

How much does an employee at MASTYFLEX-BELGIUM earn?

The average wage cost per full-time employee at MASTYFLEX-BELGIUM was € 22,400 in 2023: staff costs of € 22,392 for 1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

MASTYFLEX-BELGIUM (Private Limited) - Knokke-Heist

Dossier MASTYFLEX-BELGIUM, printed on 4 November 2026 from databakkes.be/en/0832135680/mastyflex-belgium. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 29 % of short-term debt in 2026; threshold 65 %.
Not on Peppol Peppol

Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.

Financials

Financial year 2026

MASTYFLEX-BELGIUM from Knokke-Heist, company number BE0832135680, closed financial year 2026 with a result of € 4.6 million after tax. For that financial year MASTYFLEX-BELGIUM recorded a gross margin of € 125,067 and equity of € 9.2 million. Compared with financial year 2025, the result moved from € -166,906 to € 4.6 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 22, 2026.

What it is worth Growing

€ 9.2 million

▲ 39% vs 2025

Assets minus debts, by the books. What is left if everything were sold and paid today. At incorporation the founders contributed € 5.2 million in kind: shares or other assets, valued in the deed.

Profit Growing

€ 4.6 million

▲ still € 166,906 loss in 2025

Profit after tax over the fiscal year.

Cash in the bank

€ 31,561

▼ 15% vs 2025

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 2 million paid out

43 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2026

Vehicles and equipment

€ 367

▼ 73% vs 2025

Book value of vehicles, furniture and equipment.

Debts at end 2026

Bank debt ≈ 12 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 2.1 million

▼ 8% vs 2025

€ 171,663 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.

Owed to suppliers

€ 28,926

▼ 27% vs 2025

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 11,328

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2023	2024	2025	2026	Change 2025 → 2026
Gross margin	€ 108,862 Gross margin 2023: € 108,862 First fiscal year in the series	€ 87,236 Gross margin 2024: € 87,236 ▼ 20% vs 2023 (€ 108,862) Unfavourable step	€ 95,723 Gross margin 2025: € 95,723 ▲ 10% vs 2024 (€ 87,236) Favourable step	€ 125,067 Gross margin 2026: € 125,067 ▲ 31% vs 2025 (€ 95,723) Favourable step	▲ 31%
Profit after taxes	€ -95,400 Profit after taxes 2023: € -95,400 First fiscal year in the series	€ -131,644 Profit after taxes 2024: € -131,644 ▼ € 36,244 vs 2023 (€ -95,400) Unfavourable step	€ -166,906 Profit after taxes 2025: € -166,906 ▼ € 35,262 vs 2024 (€ -131,644) Unfavourable step	€ 4,569,619 Profit after taxes 2026: € 4,569,619 ▲ € 4.7 million vs 2025 (€ -166,906) Favourable step	▲ € 4.7 million
Equity	€ 6,908,829 Equity 2023: € 6,908,829 First fiscal year in the series	€ 6,777,185 Equity 2024: € 6,777,185 ▼ 2% vs 2023 (€ 6,908,829) Unfavourable step	€ 6,610,279 Equity 2025: € 6,610,279 ▼ 2% vs 2024 (€ 6,777,185) Unfavourable step	€ 9,208,485 Equity 2026: € 9,208,485 ▲ 39% vs 2025 (€ 6,610,279) Favourable step	▲ 39%
Total debts	€ 2,090,986 Total debts 2023: € 2,090,986 First fiscal year in the series	€ 2,188,366 Total debts 2024: € 2,188,366 ▲ 5% vs 2023 (€ 2,090,986) Unfavourable step	€ 4,630,561 Total debts 2025: € 4,630,561 ▲ 112% vs 2024 (€ 2,188,366) Unfavourable step	€ 2,322,912 Total debts 2026: € 2,322,912 ▼ 50% vs 2025 (€ 4,630,561) Favourable step	▼ 50%
Cash	€ 7,882 Cash 2023: € 7,882 First fiscal year in the series	€ 50,873 Cash 2024: € 50,873 ▲ € 42,991 vs 2023 (€ 7,882) Favourable step	€ 37,071 Cash 2025: € 37,071 ▼ 27% vs 2024 (€ 50,873) Unfavourable step	€ 31,561 Cash 2026: € 31,561 ▼ 15% vs 2025 (€ 37,071) Unfavourable step	▼ 15%
Land & buildings	€ 3,465,856 Land & buildings 2023: € 3,465,856 First fiscal year in the series	€ 3,456,370 Land & buildings 2024: € 3,456,370 Unchanged (€ 3,465,856) Unchanged	€ 4,193,841 Land & buildings 2025: € 4,193,841 ▲ 21% vs 2024 (€ 3,456,370) Unchanged	€ 4,271,114 Land & buildings 2026: € 4,271,114 ▲ 2% vs 2025 (€ 4,193,841) Unchanged	▲ 2%
Retained profit	€ 6,886,029 Retained profit 2023: € 6,886,029 First fiscal year in the series	€ 6,754,385 Retained profit 2024: € 6,754,385 ▼ 2% vs 2023 (€ 6,886,029) Unfavourable step	€ 6,587,479 Retained profit 2025: € 6,587,479 ▼ 2% vs 2024 (€ 6,754,385) Unfavourable step	€ 9,185,685 Retained profit 2026: € 9,185,685 ▲ 39% vs 2025 (€ 6,587,479) Favourable step	▲ 39%
Dividend	€ 0 Dividend 2023: € 0 First fiscal year in the series	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged	€ 1,971,414 Dividend 2026: € 1,971,414 Unchanged (€ 0) Unchanged
Bank debt	€ 1,169,583 Bank debt 2023: € 1,169,583 First fiscal year in the series	€ 1,081,249 Bank debt 2024: € 1,081,249 ▼ 8% vs 2023 (€ 1,169,583) Favourable step	€ 2,229,026 Bank debt 2025: € 2,229,026 ▲ 106% vs 2024 (€ 1,081,249) Unfavourable step	€ 2,057,363 Bank debt 2026: € 2,057,363 ▼ 8% vs 2025 (€ 2,229,026) Favourable step	▼ 8%
Balance sheet total	€ 8,999,815 Balance sheet total 2023: € 8,999,815 First fiscal year in the series	€ 8,965,551 Balance sheet total 2024: € 8,965,551 Unchanged (€ 8,999,815) Unchanged	€ 11,240,840 Balance sheet total 2025: € 11,240,840 ▲ 25% vs 2024 (€ 8,965,551) Unchanged	€ 11,531,397 Balance sheet total 2026: € 11,531,397 ▲ 3% vs 2025 (€ 11,240,840) Unchanged	▲ 3%
Employees (FTE)	1 Employees (FTE) 2023: 1 First fiscal year in the series	0 Employees (FTE) 2024: 0 ▼ 1 vs 2023 (1) Unchanged	0 Employees (FTE) 2025: 0 Unchanged (0) Unchanged	-

Key figures of MASTYFLEX-BELGIUM, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.

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:

Oct 22, 2026 New annual accounts for financial year 2026: profit of € 4.6 million. Source: NBB ↗
Dec 31, 2010 Incorporation, published in the Gazette. Source: Staatsblad ↗
Dec 22, 2010 New establishment in Gent. KBO
2010 Madjid Gordjestani became a director. NBB

In short

From € 95,400 loss in 2023 to € 4.6 million profit in 2026.

Best year ever: 2026, with € 4.6 million profit.

On average € 108,900 of value added per employee in 2023.

Paid out € 2 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Madjid Gordjestani

MASTYFLEX-BELGIUM

FML Mastyflex Belgium 100%

Mastyflex BV 99%

Behind MASTYFLEX-BELGIUM is Madjid Gordjestani. It owns 100% of FML Mastyflex Belgium and 99% of Mastyflex BV itself.

Directors

According to the 2026 annual accounts

Madjid Gordjestani

Director

Also active at: FML Mastyflex Belgium

since 2010

Establishments

Establishment units

Physical locations of this company

Registered office

Albertplein 16 box 3.1

8300 Knokke-Heist

2.195.164.042

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 →

Vereniging van Mede-eigenaars Residentie The Plaza Knokke-Heist(Knokke) Albertplein 16

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Shareholders according to the Official Gazette deeds

Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.

Incorporation

31 December 2010 Source: Deed ↗

GORDJESTANI Madjid(oprichter) 100%

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

View on CBE Public ↗ Annual accounts (NBB) ↗