Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Mastan & Nidaal from Antwerpen, company number BE1006264043, closed financial year 2025 with a result of € 2,797 after tax. For that financial year Mastan & Nidaal recorded a gross margin of € 46,987 and equity of € -14,327. Compared with financial year 2024, the result moved from € -19,124 to € 2,797. 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 August 12, 2026.
€ -14,327
▲ € 2,797 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,797
▲ still € 19,124 loss in 2024
Profit after tax over the fiscal year.
€ 9,932
▲ 45% 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 € -16,327.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 36,450
▲ 61% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 262
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 9,601
▼ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,886
▲ 133% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 12,487 | € 46,987 | ▲ 276% |
| Profit after taxes | € -19,124 | € 2,797 | ▲ € 21,920 |
| Equity | € -17,124 | € -14,327 | ▲ € 2,797 |
| Total debts | € 73,083 | € 72,723 | |
| Cash | € 6,871 | € 9,932 | ▲ 45% |
| Land & buildings | - | € 5,390 | |
| Retained profit | € -19,124 | € -16,327 | ▲ € 2,797 |
| Balance sheet total | € 55,960 | € 58,395 | ▲ 4% |
Key figures of Mastan & Nidaal, fiscal years 2024 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 Mastan & Nidaal?
What happened at Mastan & Nidaal in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,797. filed late Source: NBB ↗
- Nidaal El Sabbagh stepped down as director. NBB
- Mastan Van de Velde became a director. NBB
- New establishment in Antwerpen. KBO
- Nidaal El Sabbagh became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 19,124 loss in 2024 to € 2,797 profit in 2025.
Best year ever: 2025, with € 2,797 profit.
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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 Mastan & Nidaal is Mastan Van de Velde.
Directors
According to the 2025 annual accounts
Mastan Van de Velde
Director
since 2024
Nidaal El Sabbagh
Director
since 2024 · until 2026
Establishments
Establishment units
Physical locations of this company
Hogeweg 18
2600 Antwerpen
Vlasmarkt 27A
2000 Antwerpen
Active since 13 March 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1006.264.043
- VAT number
- BE 1006.264.043
- Registered office
- Hogeweg 18, 2600 Antwerpen
- Names & denominations
- Mastan & Nidaal
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 February 2024
- Peppol
- Active · Active since 18 Oct 2024
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Eetgelegenheden met beperkte bediening