Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 6.6 to 4.6.
Financials
Financial year 2025
MASTERMAIL from Leuven, company number BE0862335047, closed financial year 2025 with a result of € -265,299 after tax. For that financial year MASTERMAIL recorded a gross margin of € 338,637 and equity of € 431,281. Compared with financial year 2024, the result moved from € 132,689 to € -265,299. The company made a loss. The buffer shrank hard: equity is 57 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 10, 2026.
€ 431,281
▼ 57% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -265,299
▼ still € 132,689 profit in 2024
Profit after tax over the fiscal year.
€ 335,118
▼ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 412,681.
People and assets in 2025
4.6
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 422,640
▲ 6% vs 2024
€ 91,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 118,142
▼ 38% vs 2024
Of which on lease € 66,306.
Debts at end 2025
€ 238,771
▲ 53% vs 2024
€ 145,562 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 202,740
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 39,231
▼ 41% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 523,618 | € 571,551 | € 696,138 | € 338,637 | ▼ 51% |
| Profit after taxes | € 25,986 | € 45,106 | € 132,689 | € -265,299 | ▼ € 397,988 |
| Equity | € 818,786 | € 863,891 | € 996,580 | € 431,281 | ▼ 57% |
| Total debts | € 829,729 | € 687,678 | € 565,072 | € 615,266 | ▲ 9% |
| Cash | € 583,411 | € 296,506 | € 474,882 | € 335,118 | ▼ 29% |
| Land & buildings | € 152,571 | € 125,890 | € 110,589 | € 87,359 | ▼ 21% |
| Retained profit | € 800,186 | € 845,291 | € 977,980 | € 412,681 | ▼ 58% |
| Dividend | € 0 | € 0 | € 0 | € 300,000 | |
| Bank debt | € 275,849 | € 203,610 | € 155,674 | € 238,771 | ▲ 53% |
| Balance sheet total | € 1,648,515 | € 1,551,570 | € 1,561,652 | € 1,046,547 | ▼ 33% |
| Employees (FTE) | 7.6 | 6.6 | 6.2 | 4.6 | ▼ 1.6 |
Key figures of MASTERMAIL, 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 MASTERMAIL?
What happened at MASTERMAIL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 265,299 (▼ € 397,988 vs 2024). Source: NBB ↗
- DACETO BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Leuven. KBO
In short
From € 25,986 profit in 2022 to € 265,299 loss in 2025.
Paid € 65,936 in corporate taxes since 2022.
Best year ever: 2024, with € 132,689 profit.
On average € 73,600 of value added per employee in 2025.
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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
The stake of DACETO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MASTERMAILBehind MASTERMAIL is DACETO BV. The shares are held by DACETO (100%).
Establishments
Establishment units
Physical locations of this company
Wijgmaalsesteenweg 108 box A
3012 Leuven
Wijgmaalsesteenweg 108 A
3012 Leuven
Active since 11 December 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0862.335.047
- VAT number
- BE 0862.335.047
- Registered office
- Wijgmaalsesteenweg 108 bus A, 3012 Leuven
- Names & denominations
- MASTERMAIL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2003
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Publiciteitsagentschappen
Activiteiten van reclamebureaus
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Beheer van publiciteitsdragers