ACTIVE

Mustad BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result59,6 k €+112,7 %over 1 year

Revenue8,5 M €-1,6 %over 1 year

Equity3,2 M €+1,9 %over 1 year

Workforce66,6 ETP-3,9 %over 1 year

Identity

Source · BCE/KBO

Mustad BELGIUM is a Public limited company incorporated in 1980. Its registered office is in Eupen. It employs on average 66,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0421.358.595
Incorporation: 29/12/1980
Legal form: Public limited company
Registered office: Industriestrasse 30
4700 Eupen · WallonieSee on map
Contributed capital: 482 148,79 €
Latest accounts: 31/12/2025
Average workforce: 66,6 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	8,5 M €	-1.6%	8,7 M €	-16.2%	10,4 M €	+8.7%	9,5 M €	+4.1%	9,2 M €
EBITDA	1,2 M €	+73.0%	668,8 k €	-66.1%	2 M €	+11.2%	1,8 M €	+20.4%	1,5 M €
Operating result	251,8 k €	+193%	-270,2 k €	-148%	568,1 k €	+3.7%	547,6 k €	+8.4%	505 k €
Net result	59,6 k €	+113%	-470,2 k €	-333%	202,2 k €	-29.3%	285,9 k €	+104%	140,5 k €
Balance sheet
Equity	3,2 M €	+1.9%	3,2 M €	-13.0%	3,6 M €	+5.9%	3,4 M €	+9.1%	3,1 M €
Total assets	9,9 M €	+0.3%	9,8 M €	-9.1%	10,8 M €	-6.7%	11,6 M €	-4.8%	12,2 M €
Cash	381,7 k €	+875%	39,1 k €	-72.8%	144,1 k €	-46.5%	269,1 k €	-27.5%	371,3 k €
Debts	6,6 M €	-0.9%	6,6 M €	-7.2%	7,2 M €	-11.9%	8,1 M €	-9.8%	9 M €
Other
Workforce	66,6 ETP	-3.9%	69,3 ETP	-2.0%	70,7 ETP	-3.7%	73,4 ETP	-4.6%	76,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 22 ended

Active mandates

Andreas Weinberger

Director · since 21 décembre 2020 · until 19 mai 2026

Active

Clarin Mustad

Director · since 21 décembre 2020 · until 19 mai 2026

Active

Eduardo MUSTAD

Director · since 21 décembre 2020 · until 19 mai 2026

Active

Pierre Defechereux

Managing director · since 21 décembre 2020 · until 19 mai 2026

Active

Ended mandates

Andreas Weinberger

Director · since 21 décembre 2020 · until 16 mai 2023

Ended

Clarin Mustad

Director · since 21 décembre 2020 · until 16 mai 2023

Ended

Eduardo MUSTAD

Director · since 21 décembre 2020 · until 16 mai 2023

Ended

Pierre Defechereux

Managing director · since 21 décembre 2020 · until 16 mai 2023

Ended

Other companies at this address

Industriestrasse 30 4700 Eupen

Company	CBE no.
Aixfair● Active	1039.803.475
Fonds social des Ouvriers de la Firme Eupen - Métal● Liquidation	0457.546.030

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	22/05/2026	13/06/2025	30/05/2024	26/05/2023	31/05/2022	08/06/2021
General meeting	19/05/2026	20/05/2025	21/05/2024	16/05/2023	17/05/2022	18/05/2021
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, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/05/2026	22/05/2026	French	PDF
Full model	31/12/2024	20/05/2025	13/06/2025	French	PDF
Full model	31/12/2023	21/05/2024	30/05/2024	French	PDF
Full model	31/12/2022	16/05/2023	26/05/2023	French	PDF
Full model	31/12/2021	17/05/2022	31/05/2022	French	PDF
Full model	31/12/2020	18/05/2021	08/06/2021	French	PDF
Full modelCorrection	31/12/2019	21/12/2020	09/04/2021	French	PDF
Full model	31/12/2019	21/12/2020	11/01/2021	French	PDF
Full model	31/12/2018	28/06/2019	23/07/2019	French	PDF
Full model	31/12/2017	15/05/2018	06/07/2018	French	PDF
Full model	31/12/2016	16/05/2017	27/06/2017	French	PDF
Full model	31/12/2015	17/05/2016	22/06/2016	French	PDF
Full model	31/12/2014	19/05/2015	24/06/2015	French	PDF
Full model	31/12/2013	16/07/2014	28/07/2014	French	PDF
Full model	31/12/2012	12/07/2013	01/10/2013	French	PDF
Full model	31/12/2011	17/07/2012	27/07/2012	French	PDF
Full model	31/12/2010	17/05/2011	27/06/2011	French	PDF
Full model	31/12/2009	18/05/2010	22/06/2010	French	PDF
Full model	31/12/2008	19/05/2009	18/06/2009	French	PDF
Full model	31/12/2007	20/05/2008	17/06/2008	French	PDF
Full model	31/12/2006	15/05/2007	11/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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

4 active · 22 ended

Active mandates

Andreas Weinberger

Director · since 21 décembre 2020 · until 19 mai 2026

Active

Clarin Mustad

Director · since 21 décembre 2020 · until 19 mai 2026

Active

Eduardo MUSTAD

Director · since 21 décembre 2020 · until 19 mai 2026

Active

Pierre Defechereux

Managing director · since 21 décembre 2020 · until 19 mai 2026

Active

Ended mandates

Andreas Weinberger

Director · since 21 décembre 2020 · until 16 mai 2023

Ended

Clarin Mustad

Director · since 21 décembre 2020 · until 16 mai 2023

Ended

Eduardo MUSTAD

Director · since 21 décembre 2020 · until 16 mai 2023

Ended

Pierre Defechereux

Managing director · since 21 décembre 2020 · until 16 mai 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates20/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates10/07/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares27/08/2021
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates23/06/2021
ENTLASSUNG - ERNENNUNG
PDF
Mandates23/06/2021
ENTLASSUNG - ERNENNUNG
PDF
Mandates04/09/2019
ENTLASSUNG - ERNENNUNG
PDF
Mandates07/01/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates25/01/2018
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 202559,6 k €↑
2024
Annual accounts 2024-470,2 k €↓
2023
Annual accounts 2023202,2 k €↓
2022
Annual accounts 2022285,9 k €↑
2021
Annual accounts 2021140,5 k €↓
2020
Annual accounts 2020388,7 k €↑
2019
Annual accounts 2019-2,1 M €↓
2018
Annual accounts 2018270,5 k €↑
2017
Annual accounts 2017203,3 k €↓
2016
Annual accounts 2016344,1 k €↑
2015
Annual accounts 2015251,3 k €↓
2014
Annual accounts 2014330,4 k €↓
2013
Annual accounts 2013399,4 k €↑
2012
Annual accounts 2012223,5 k €↑
2011
Annual accounts 201132,7 k €↓
2010
Annual accounts 2010165,8 k €↑
2009
Annual accounts 200949,6 k €↑
2008
Annual accounts 2008-249,7 k €↓
2007
Annual accounts 2007163,3 k €↓
2006
Annual accounts 2006178,9 k €
29/12/1980
IncorporationPublic limited company

Mustad BELGIUM

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