ACTIVE

MASTERLOG

Financial year 2025 · Closed on 31/12/2025

Net result67,2 k €+198,6 %over 1 year

Gross margin67,1 k €+193,4 %over 1 year

Equity101,9 k €+193,6 %over 1 year

Identity

Source · BCE/KBO

MASTERLOG is a Private limited company incorporated in 1955. Its main activity is: Retail sale in non-specialised stores. Its registered office is in Hove.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0405.886.305
Incorporation: 23/12/1955
Legal form: Private limited company
Registered office: Veldkantvoetweg 98
2540 Hove · FlandreSee on map
Contributed capital: 106 287,58 €
Latest accounts: 31/12/2025

Activities (NACE)

47120Retail sale in non-specialised stores· main 47192Other retail sale in non-specialised stores 52121Warehousing and storage

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	67,1 k €	+193%	-71,8 k €	-276%	40,8 k €	+1807%	2,1 k €	+185%	-2,5 k €
EBITDA	66,6 k €	+192%	-72,6 k €	-305%	35,4 k €	+1875%	1,8 k €	+161%	-2,9 k €
Operating result	66,6 k €	+192%	-72,6 k €	-305%	35,4 k €	+1875%	1,8 k €	+161%	-2,9 k €
Net result	67,2 k €	+199%	-68,2 k €	-287%	36,4 k €	+796%	4,1 k €	+357%	888,6 €
Balance sheet
Equity	101,9 k €	+194%	34,7 k €	-66.3%	102,9 k €	+54.8%	66,5 k €	+6.5%	62,4 k €
Total assets	102,7 k €	-29.1%	144,9 k €	-47.0%	273,4 k €	+130%	119 k €	+11.6%	106,6 k €
Cash	14,9 k €	-86.5%	110,4 k €	+30.2%	84,8 k €	+11.3%	76,2 k €	+422%	14,6 k €
Debts	746 €	-99.3%	110,2 k €	-35.4%	170,5 k €	+225%	52,5 k €	+18.9%	44,2 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Axel Massart	Directorsince 23/12/2011Manager23/12/2011 → 2023 accountsendedManaging director30/09/2005 → 2011 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AXMAN0886.654.333Represented by Els CAMMAERTS	Director10/08/2009 → 2011 accounts
Freddy NOLLEKENS	Managing director01/01/2009 → 2009 accounts

Other companies at this address

Veldkantvoetweg 98 2540 Hove

Company	CBE no.
A LA CARTE● Active	1029.713.002
AXMAN● Active	0886.654.333
BTW-EENHEID DEURNE-MASSIM● Active	0830.991.476
MASINVEST● Active	0442.810.740
MASSIMMO● Active	0437.943.023

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	19/07/2026	28/08/2025	31/07/2024	23/07/2023	03/06/2022	13/07/2021
General meeting	04/06/2026	05/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/06/2026	19/07/2026	Dutch	PDF
Abridged model	31/12/2024	05/06/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	06/06/2024	31/07/2024	French	PDF
Abridged model	31/12/2022	01/06/2023	23/07/2023	French	PDF
Abridged model	31/12/2021	02/06/2022	03/06/2022	French	PDF
Abridged model	31/12/2020	03/06/2021	13/07/2021	French	PDF
Abridged model	31/12/2019	04/06/2020	24/07/2020	French	PDF
Abridged model	31/12/2018	06/06/2019	07/06/2019	French	PDF
Abridged model	31/12/2017	07/06/2018	09/07/2018	French	PDF
Abridged model	31/12/2016	02/06/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	14/07/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	30/07/2015	French	PDF
Abridged model	31/12/2013	05/06/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	06/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	07/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	02/06/2011	29/07/2011	French	PDF
Abridged model	31/12/2009	03/06/2010	26/08/2010	French	PDF
Full model	31/12/2008	04/06/2009	30/06/2009	French	PDF
Full model	31/12/2007	05/06/2008	29/08/2008	French	PDF
Full model	31/12/2006	01/06/2007	30/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Axel Massart	Directorsince 23/12/2011Manager23/12/2011 → 2023 accountsendedManaging director30/09/2005 → 2011 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
AXMAN0886.654.333Represented by Els CAMMAERTS	Director10/08/2009 → 2011 accounts
Freddy NOLLEKENS	Managing director01/01/2009 → 2009 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other09/05/2025
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office17/04/2025
SIEGE SOCIAL
PDF
Mandates15/06/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates17/01/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates13/01/2012
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Court decision09/09/2011
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
PDF
Court decision16/05/2011
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
PDF
Mandates23/11/2009
Denomination sociale - Extension de l'objet social - Modification des statuts
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1955

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Axel Massart

AXMAN

Freddy NOLLEKENS

LCC MANAGEMENT

Daniel VAN MEER

Gerrit MEIJERMAN

Hans BIESHEUVEL

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

MASTERLOG

Veldkantvoetweg 98, 2540 Hove (Antwerp)Rue Adolphe Quetelet SN, 7180 Seneffe

DirectorManagerManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Veldkantvoetweg 98, 2540 Hove (Antwerp)Current	accounts 2024 → 2025	Accounts 2025 · 2026-00309327
Rue Adolphe Quetelet SN, 7180 Seneffe	accounts 2021 → 2023	Accounts 2023 · 2024-00326049

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MASTERLOGCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00309327

Events

2025
Annual accounts 202567,2 k €↑
2024
Annual accounts 2024-68,2 k €↓
2023
Annual accounts 202336,4 k €↑
2022
Annual accounts 20224,1 k €↑
2021
Annual accounts 2021888,6 €↑
2020
Annual accounts 2020-110,1 €↓
2019
Annual accounts 2019-84,5 €↑
2018
Annual accounts 2018-4,5 k €↑
2017
Annual accounts 2017-64,5 k €↓
2016
Annual accounts 201697,6 k €↑
2015
Annual accounts 201533 k €↑
2014
Annual accounts 2014-13,1 k €↑
2013
Annual accounts 2013-23,9 k €↑
2012
Annual accounts 2012-77,5 k €↓
2011
Annual accounts 2011-3,6 k €↓
2010
Annual accounts 2010134,1 k €↑
2009
Annual accounts 2009-34,7 k €↑
2008
Annual accounts 2008-128,8 k €↓
2006
Annual accounts 200610,5 k €
23/12/1955
IncorporationPrivate limited company

MASTERLOG

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events