ACTIVE

MASTER CHIPS

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Financial year 2025 · closed on 30/09/2025

Net result

180,2 k €

-9.5% YoY

Gross margin

379,4 k €

+6.4% YoY

Equity

450,2 k €

+47.6% YoY

Workforce

1,5 ETP

+36.4% YoY

What does MASTER CHIPS do?

MASTER CHIPS is a Private limited company incorporated in 1984. Its registered office is in Aalst. It employs on average 1,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.352.027

Incorporation

23/02/1984

Legal form

Private limited company

Registered office

Industrielaan 4
9320 Aalst · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Average workforce

1,5 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2020		2019		2018		2013		2012		2011		2010		2009		2007		2006
Income statement
Gross margin	379,4 k €	+6.4%	356,7 k €	+88.7%	189,1 k €	+1.3%	186,7 k €	+36.7%	136,5 k €	+29.1%	105,7 k €	-30.9%	153 k €	+112%	72,1 k €	+27.3%	56,7 k €	+0.8%	56,2 k €	+1183%	-5,2 k €	+99.9%	-5,3 M €	-2874%	191,9 k €	+25.9%	152,4 k €
EBITDA	269,5 k €	-2.4%	276,2 k €	+204%	90,8 k €	+91.6%	47,4 k €	+149%	19,1 k €	+40.7%	13,5 k €	-79.5%	66,2 k €	+432%	-19,9 k €	+68.0%	-62,2 k €	-2.5%	-60,7 k €	+47.5%	-115,6 k €	+97.9%	-5,5 M €	-8641%	64,8 k €	+1222%	-5,8 k €
Operating result	255,4 k €	-3.0%	263,2 k €	+193%	89,9 k €	+92.0%	46,8 k €	+234%	14 k €	+109%	6,7 k €	-88.1%	56,2 k €	+257%	-35,9 k €	+54.2%	-78,3 k €	+0.1%	-78,4 k €	+41.5%	-134 k €	+97.8%	-6 M €	-10243%	59 k €	+588%	-12,1 k €
Net result	180,2 k €	-9.5%	199,1 k €	+148%	80,2 k €	+109%	38,4 k €	+16216%	235,6 €	+485%	40,3 €	-99.9%	45,1 k €	+193%	-48,6 k €	+43.4%	-85,9 k €	-6.4%	-80,8 k €	-131%	-35 k €	-105%	725,3 k €	+2374%	29,3 k €	+191%	-32,4 k €
Balance sheet
Equity	450,2 k €	+47.6%	305 k €	+83.7%	166,1 k €	+93.5%	85,8 k €	+119%	39,2 k €	+0.6%	39 k €	+0.1%	39 k €	+242%	-27,4 k €	-229%	21,2 k €	-80.2%	107,1 k €	-43.0%	187,8 k €	-15.7%	222,8 k €	+494%	37,5 k €	+357%	8,2 k €
Total assets	729,6 k €	+4.9%	695,2 k €	+9.8%	633,4 k €	+10.5%	573,1 k €	+118%	262,8 k €	-15.6%	311,2 k €	+31.4%	236,8 k €	-12.1%	269,5 k €	+3.6%	260 k €	+46.9%	177,1 k €	-34.4%	270 k €	-66.5%	806,6 k €	+51.1%	533,8 k €	-3.5%	553 k €
Cash	155,9 k €	+164%	59,2 k €	-39.3%	97,5 k €	+157%	38 k €	+97.8%	19,2 k €	+5.5%	18,2 k €	+54.0%	11,8 k €	+1324%	829,4 €	-97.0%	27,5 k €	+1722%	1,5 k €	-96.6%	45 k €	-5.6%	47,7 k €	+17114%	276,9 €	+64.3%	168,6 €
Debts	279,4 k €	-28.4%	390,2 k €	-16.5%	467,4 k €	-4.1%	487,2 k €	+118%	223,5 k €	-17.9%	272,2 k €	+40.8%	193,4 k €	-34.9%	296,9 k €	+24.3%	238,8 k €	+241%	70 k €	-14.8%	82,1 k €	-85.8%	580 k €	+18.3%	490,2 k €	-9.4%	540,8 k €
Other
Workforce	1,5 ETP	+36.4%	1,1 ETP	-15.4%	1,3 ETP	-35.0%	2,0 ETP	+53.8%	1,3 ETP	0.0%	1,3 ETP	+18.2%	1,1 ETP	-45.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+100%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 12 ended

Active mandates

Master Chips Management

Director · 0684.618.971

Represented by Neirynck Peter

Active

YMPACT

Director · 0794.891.838

Represented by Neirynck Yves

Active

Ended mandates

Master Chips Management

Director · since 07 décembre 2017 · 0684.618.971

Represented by Neirynck Peter

Ended

Master Chips Management

Administrator - manager · since 07 décembre 2017 · 0684.618.971

Represented by Peter Neirynck

Ended

Master Chips Management

Administrator - manager · since 07 décembre 2017 · 0684.618.971

Represented by Peter Neirynck

Ended

Peter Neirynck

Manager · since 07 décembre 2017 · until 08 décembre 2017

Ended

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Annual accounts

Full financial information

	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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/03/2026	07/03/2025	23/04/2024	18/04/2023	25/03/2022	19/03/2021
General meeting	20/02/2026	07/02/2025	31/03/2024	31/03/2023	25/02/2022	26/02/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	20/02/2026	20/03/2026	Dutch	PDF
Abridged model	30/09/2024	07/02/2025	07/03/2025	Dutch	PDF
Abridged model	30/09/2023	31/03/2024	23/04/2024	Dutch	PDF
Abridged model	30/09/2022	31/03/2023	18/04/2023	Dutch	PDF
Abridged model	30/09/2021	25/02/2022	25/03/2022	Dutch	PDF
Abridged model	30/09/2020	26/02/2021	19/03/2021	Dutch	PDF
Abridged model	30/09/2019	07/02/2020	13/03/2020	Dutch	PDF
Abridged model	30/09/2018	22/02/2019	14/03/2019	Dutch	PDF
Micro model	30/09/2017	02/02/2018	02/02/2018	Dutch	PDF
Abridged model	30/09/2016	03/02/2017	09/02/2017	Dutch	PDF
Abridged model	30/09/2015	14/12/2015	06/01/2016	Dutch	PDF
Abridged model	30/09/2014	25/03/2015	15/04/2015	Dutch	PDF
Abridged model	30/09/2013	07/02/2014	28/02/2014	Dutch	PDF
Abridged model	30/09/2012	31/03/2013	08/05/2013	Dutch	PDF
Abridged model	30/09/2011	03/02/2012	27/02/2012	Dutch	PDF
Abridged model	30/09/2010	04/02/2011	25/02/2011	Dutch	PDF
Abridged model	30/09/2009	05/02/2010	04/03/2010	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	24/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/05/2007	29/05/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 12 ended

Active mandates

Master Chips Management

Director · 0684.618.971

Represented by Neirynck Peter

Active

YMPACT

Director · 0794.891.838

Represented by Neirynck Yves

Active

Ended mandates

Master Chips Management

Director · since 07 décembre 2017 · 0684.618.971

Represented by Neirynck Peter

Ended

Master Chips Management

Administrator - manager · since 07 décembre 2017 · 0684.618.971

Represented by Peter Neirynck

Ended

Master Chips Management

Administrator - manager · since 07 décembre 2017 · 0684.618.971

Represented by Peter Neirynck

Ended

Peter Neirynck

Manager · since 07 décembre 2017 · until 08 décembre 2017

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/05/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/07/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/08/2013
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other05/01/2009
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office01/10/2004
MAATSCHAPPELIJKE ZETEL
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 2025180,2 k €↓
2024
Annual accounts 2024199,1 k €↑
2023
Annual accounts 202380,2 k €↑
2022
Annual accounts 202238,4 k €↑
2020
Annual accounts 2020235,6 €↑
2019
Annual accounts 201940,3 €↓
2018
Annual accounts 201845,1 k €↑
2013
Annual accounts 2013-48,6 k €↑
2012
Annual accounts 2012-85,9 k €↓
2011
Annual accounts 2011-80,8 k €↓
2010
Annual accounts 2010-35 k €↓
2009
Annual accounts 2009725,3 k €↑
2007
Annual accounts 200729,3 k €↑
2006
Annual accounts 2006-32,4 k €
23/02/1984
IncorporationPrivate 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 CHIPS

Overview

What does MASTER CHIPS do?

Trend over 14 financial years

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