ACTIVE

MASTER BOOT RECORD

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Financial year 2025 · closed on 31/12/2025

Net result

-4,4 k €

+35.1% YoY

Gross margin

3,6 k €

+23.3% YoY

Equity

211 k €

-2.1% YoY

What does MASTER BOOT RECORD do?

MASTER BOOT RECORD is a Public limited company incorporated in 1954. Its main activity is: Wholesale of china and glassware and cleaning materials. Its registered office is in Woluwe-Saint-Pierre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.937.019

Incorporation

13/11/1954

Legal form

Public limited company

Registered office

Avenue du Haras 115
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

46441Wholesale of china and glassware and cleaning materials· main 46441Wholesale of china and glassware and cleaning materials 46494Wholesale of other household goods 46494Wholesale of other household goods 51441Air transport

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,6 k €	+23.3%	2,9 k €	+344%	-1,2 k €	-107%	16,2 k €	+5441%	-303 €	-103%	9,4 k €	-84.2%	59,4 k €	-8.4%	64,9 k €	-2.8%	66,7 k €	-5.0%	70,2 k €	-6.9%	75,4 k €	+2312%	-3,4 k €	-106%	54,9 k €	+5.8%	51,9 k €	+192%	17,8 k €	+64.9%	10,8 k €	-73.5%	40,7 k €	+4.1%	39,1 k €	-40.8%	66 k €	+190%	22,8 k €
EBITDA	2,7 k €	+6.6%	2,5 k €	+261%	-1,6 k €	-110%	15,8 k €	+1468%	-1,2 k €	-114%	8,5 k €	-85.4%	58,4 k €	-7.2%	62,9 k €	-4.2%	65,7 k €	-3.6%	68,2 k €	-6.2%	72,7 k €	+842%	-9,8 k €	-122%	45,3 k €	-6.9%	48,7 k €	+236%	14,5 k €	+78.1%	8,1 k €	-79.5%	39,7 k €	+7.1%	37,1 k €	-42.2%	64,2 k €	+197%	21,6 k €
Operating result	-4,1 k €	+37.0%	-6,6 k €	+61.2%	-16,9 k €	-488%	4,4 k €	+124%	-17,9 k €	-21.6%	-14,8 k €	-142%	34,8 k €	-11.6%	39,3 k €	-0.4%	39,5 k €	-17.4%	47,8 k €	-9.2%	52,6 k €	+283%	-28,7 k €	-222%	23,5 k €	-13.4%	27,2 k €	+625%	-5,2 k €	+55.7%	-11,7 k €	-161%	19,2 k €	+14.3%	16,8 k €	-63.3%	45,7 k €	+886%	4,6 k €
Net result	-4,4 k €	+35.1%	-6,9 k €	+60.1%	-17,2 k €	-547%	3,8 k €	+123%	-16,8 k €	-270%	-4,5 k €	-120%	22,9 k €	+30.9%	17,5 k €	-28.9%	24,6 k €	-28.1%	34,2 k €	-33.2%	51,1 k €	+260%	-31,9 k €	-272%	18,6 k €	-24.7%	24,7 k €	+337%	-10,4 k €	+8.8%	-11,4 k €	-171%	16,1 k €	+66.6%	9,6 k €	-78.1%	43,9 k €	+1230%	3,3 k €
Balance sheet
Equity	211 k €	-2.1%	215,4 k €	-3.1%	222,3 k €	-7.2%	239,5 k €	+1.6%	235,6 k €	-6.7%	252,4 k €	-1.8%	256,9 k €	+9.8%	234,1 k €	+8.1%	216,6 k €	+12.8%	192,1 k €	+21.6%	157,9 k €	+47.8%	106,8 k €	-23.0%	138,7 k €	+15.5%	120,1 k €	+25.8%	95,5 k €	-9.8%	105,9 k €	-9.7%	117,3 k €	+15.9%	101,3 k €	+10.5%	91,6 k €	+92.0%	47,7 k €
Total assets	211,4 k €	-2.1%	215,9 k €	-5.0%	227,4 k €	-5.6%	240,8 k €	+1.8%	236,5 k €	-7.2%	254,8 k €	-7.8%	276,5 k €	-20.3%	346,9 k €	+3.3%	335,8 k €	+57.4%	213,4 k €	+7.2%	199,1 k €	+23.2%	161,6 k €	-24.9%	215 k €	+4.6%	205,7 k €	+4.3%	197,3 k €	-8.8%	216,2 k €	-4.9%	227,4 k €	+1.6%	223,7 k €	+0.2%	223,2 k €	+182%	79,1 k €
Cash	37,7 k €	+6.9%	35,3 k €	+8.0%	32,6 k €	-21.2%	41,4 k €	+70.3%	24,3 k €	-8.6%	26,6 k €	+122%	12 k €	-80.8%	62,6 k €	+107%	30,2 k €	-73.2%	112,6 k €	+189%	39 k €	+63.5%	23,8 k €	-74.9%	95 k €	+20.9%	78,6 k €	+37.4%	57,2 k €	+3.1%	55,5 k €	-27.6%	76,6 k €	+24.8%	61,3 k €	-0.1%	61,4 k €	+288%	15,8 k €
Debts	477,2 €	-10.3%	531,9 €	-89.5%	5,1 k €	+280%	1,3 k €	+49.5%	895 €	-63.3%	2,4 k €	-87.5%	19,6 k €	-82.6%	112,8 k €	-5.3%	119,2 k €	+459%	21,3 k €	-46.8%	40,1 k €	-25.3%	53,6 k €	-29.6%	76,1 k €	-10.8%	85,3 k €	-13.8%	98,9 k €	-10.4%	110,3 k €	+0.2%	110,1 k €	-10.1%	122,5 k €	-6.9%	131,6 k €	+319%	31,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

GENEVIEVE PIRON

Director

Active

Stéphane DELVAUX

Managing director

Active

Ended mandates

GENEVIEVE PIRON

Mandate

Ended

GENEVIEVRE PIRRON

Mandate

Ended

Serge DELVAUX

Mandate

Ended

Stéphane DELVAUX

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/06/2026	25/06/2025	29/06/2024	21/06/2023	09/06/2022	25/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	01/06/2026	29/06/2026	French	PDF
Micro model	31/12/2024	02/06/2025	25/06/2025	French	PDF
Micro model	31/12/2023	03/06/2024	29/06/2024	French	PDF
Micro model	31/12/2022	05/06/2023	21/06/2023	French	PDF
Micro model	31/12/2021	06/06/2022	09/06/2022	French	PDF
Micro model	31/12/2020	07/06/2021	25/06/2021	French	PDF
Micro model	31/12/2019	01/06/2020	27/08/2020	French	PDF
Micro model	31/12/2018	03/06/2019	09/08/2019	French	PDF
Micro model	31/12/2017	04/06/2018	30/08/2018	French	PDF
Micro model	31/12/2016	05/06/2017	08/08/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	14/07/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	05/08/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	04/08/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	23/07/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	06/08/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	01/08/2011	French	PDF
Abridged model	31/12/2009	01/06/2010	26/08/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	03/07/2009	French	PDF
Abridged model	31/12/2007	03/06/2008	13/06/2008	French	PDF
Abridged model	31/12/2006	05/06/2007	21/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

GENEVIEVE PIRON

Director

Active

Stéphane DELVAUX

Managing director

Active

Ended mandates

GENEVIEVE PIRON

Mandate

Ended

GENEVIEVRE PIRRON

Mandate

Ended

Serge DELVAUX

Mandate

Ended

Stéphane DELVAUX

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/09/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates16/02/2010
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Capital / shares18/09/2007
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE - CAPITAL, ACTIONS
PDF
Mandates09/08/2006
DEMISSIONS, NOMINATIONS
PDF
Mandates19/06/2003
DEMISSIONS, NOMINATIONS - DENOMINATION
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-4,4 k €↑
2024
Annual accounts 2024-6,9 k €↑
2023
Annual accounts 2023-17,2 k €↓
2022
Annual accounts 20223,8 k €↑
2021
Annual accounts 2021-16,8 k €↓
2020
Annual accounts 2020-4,5 k €↓
2019
Annual accounts 201922,9 k €↑
2018
Annual accounts 201817,5 k €↓
2017
Annual accounts 201724,6 k €↓
2016
Annual accounts 201634,2 k €↓
2015
Annual accounts 201551,1 k €↑
2014
Annual accounts 2014-31,9 k €↓
2013
Annual accounts 201318,6 k €↓
2012
Annual accounts 201224,7 k €↑
2011
Annual accounts 2011-10,4 k €↑
2010
Annual accounts 2010-11,4 k €↓
2009
Annual accounts 200916,1 k €↑
2008
Annual accounts 20089,6 k €↓
2007
Annual accounts 200743,9 k €↑
2006
Annual accounts 20063,3 k €
13/11/1954
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MASTER BOOT RECORD

Overview

What does MASTER BOOT RECORD do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline