ACTIVE

CLEANING MASTERS

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Financial year 2025 · Closed on 31/12/2025

Net result4,5 M €+21,9 %over 1 year

Revenue177,3 M €+0,8 %over 1 year

Equity17,1 M €0,0 %over 1 year

Workforce1 671,9 ETP-0,7 %over 1 year

Identity

Source · BCE/KBO

CLEANING MASTERS is a Public limited company incorporated in 1988. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Antwerpen. It employs on average 1 671,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0435.474.471
Incorporation: 12/10/1988
Legal form: Public limited company
Registered office: Oostkaai 9-12A
2170 Antwerpen · FlandreSee on map
Contributed capital: 5 402 019,98 €
Latest accounts: 31/12/2025
Average workforce: 1 671,9 ETP

Activities (NACE)

74700Other professional, scientific and technical activities· main 81210General cleaning of buildings 81210General cleaning of buildings 81220Other building and industrial cleaning activities 81220Other building and industrial cleaning activities 81210General cleaning of buildings+3

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	177,3 M €	+0.8%	176 M €	+3.4%	170,1 M €	+12.8%	150,8 M €	+8.1%	139,6 M €
EBITDA	8,2 M €	+13.2%	7,2 M €	+7.7%	6,7 M €	+11.4%	6 M €	-32.1%	8,9 M €
Operating result	6,3 M €	+16.7%	5,4 M €	-1.3%	5,5 M €	+5.5%	5,2 M €	-32.0%	7,6 M €
Net result	4,5 M €	+21.9%	3,7 M €	+1.9%	3,6 M €	-3.0%	3,7 M €	-33.5%	5,6 M €
Balance sheet
Equity	17,1 M €	0.0%	17,1 M €	+1.2%	16,9 M €	+5.4%	16,1 M €	+8.2%	14,8 M €
Total assets	59,4 M €	+6.9%	55,5 M €	-7.0%	59,7 M €	+6.8%	55,9 M €	+16.0%	48,2 M €
Cash	12,1 M €	+27.8%	9,5 M €	+36.1%	7 M €	+87.9%	3,7 M €	-51.7%	7,7 M €
Debts	41,1 M €	+10.5%	37,2 M €	-11.9%	42,2 M €	+10.4%	38,3 M €	+21.5%	31,5 M €
Other
Workforce	1 671,9 ETP	-0.7%	1 684,4 ETP	+1.5%	1 659,6 ETP	+3.5%	1 603,6 ETP	+2.5%	1 563,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
FOR-BZH1014.181.124Represented by Christian Roulleau	Voorzitter van de Raad van Bestuur27/06/2025 → 27/06/2031
FOR-INVEST1027.217.231Represented by Bruno Gendrot	Director27/06/2025 → 27/06/2031
Nicolas de Schutter0536.419.403Represented by Nicolas De Schutter	Managing director18/09/2013 → 27/06/2031
O4 MANAGEMENT0833.646.605Represented by Olivier De Schutter	Director22/03/2011 → 27/06/2031
PAELINCK PHILIP0536.664.772Represented by Philip Paelinck	Managing director27/06/2025 → 27/06/2031Director18/09/2013 → 2023 accountsended
SAMSIC IV0628.999.963Represented by Olivier Payen	Director27/06/2025 → 27/06/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bruno Gendrot	Director20/06/2019 → 2023 accounts
Christian Roulleau	Chairman of the board of directors20/06/2019 → 2023 accounts

Other companies at this address

Oostkaai 9-12A 2170 Antwerpen

Company	CBE no.
GREEN MASTERS● Active	0832.152.607
MM HOLDING● Active	0554.742.901
MOBILITY MASTERS● Active	0506.704.640
SAMBAT 1● Active	0737.726.471
SAMBAT 2● Active	0738.729.036
SAMBAT 3● Active	0749.767.735
SECURITY MASTERS● Active	0892.819.672
Techni Masters● Active	0848.117.718

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	08/07/2026	02/07/2025	11/07/2024	26/06/2023	14/08/2022	22/07/2021
General meeting	15/06/2026	27/06/2025	28/06/2024	22/06/2023	20/06/2022	18/06/2021
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
Full model	31/12/2025	15/06/2026	08/07/2026	Dutch	PDF
Full model	31/12/2024	27/06/2025	02/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	22/06/2023	26/06/2023	Dutch	PDF
Full model	31/12/2021	20/06/2022	14/08/2022	Dutch	PDF
Full model	31/12/2020	18/06/2021	22/07/2021	Dutch	PDF
Full model	31/12/2019	26/06/2020	22/07/2020	Dutch	PDF
Full model	31/12/2018	20/06/2019	09/07/2019	Dutch	PDF
Full model	31/12/2017	26/06/2018	10/07/2018	Dutch	PDF
Full model	31/12/2016	26/06/2017	26/07/2017	Dutch	PDF
Full model	31/12/2015	15/06/2016	15/07/2016	Dutch	PDF
Full model	31/12/2014	04/06/2015	29/06/2015	Dutch	PDF
Full model	31/12/2013	04/06/2014	10/07/2014	Dutch	PDF
Full model	31/12/2012	04/04/2013	25/07/2013	Dutch	PDF
Full model	31/12/2011	05/04/2012	13/07/2012	Dutch	PDF
Full model	31/12/2010	07/04/2011	29/06/2011	Dutch	PDF
Full model	31/12/2009	01/04/2010	30/06/2010	Dutch	PDF
Full model	31/12/2008	02/04/2009	26/06/2009	Dutch	PDF
Full model	31/12/2007	03/04/2008	30/06/2008	Dutch	PDF
Full model	31/12/2006	26/04/2007	27/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

6 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
FOR-BZH1014.181.124Represented by Christian Roulleau	Voorzitter van de Raad van Bestuur27/06/2025 → 27/06/2031
FOR-INVEST1027.217.231Represented by Bruno Gendrot	Director27/06/2025 → 27/06/2031
Nicolas de Schutter0536.419.403Represented by Nicolas De Schutter	Managing director18/09/2013 → 27/06/2031
O4 MANAGEMENT0833.646.605Represented by Olivier De Schutter	Director22/03/2011 → 27/06/2031
PAELINCK PHILIP0536.664.772Represented by Philip Paelinck	Managing director27/06/2025 → 27/06/2031Director18/09/2013 → 2023 accountsended
SAMSIC IV0628.999.963Represented by Olivier Payen	Director27/06/2025 → 27/06/2031

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bruno Gendrot	Director20/06/2019 → 2023 accounts
Christian Roulleau	Chairman of the board of directors20/06/2019 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office26/08/2026
ZETEL
PDF
Mandates15/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/04/2017
ONTSLAGEN - BENOEMINGEN
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

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Nicolas de Schutter

PAELINCK PHILIP

SAMSIC IV

O4 MANAGEMENT

FOR-BZH

FOR-INVEST

Christian Roulleau

Dirk De Croock

Bruno Gendrot

Yvan Fieremans

Olivier Payen

Robert Franck

Show the 3 other mandates

19881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

CLEANING MASTERS

Westkaai 11, 2170 Merksem (Antwerp)

Managing director

Managing directorDirector

Director

Voorzitter van de Raad van Bestuur

Director

Chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Oostkaai 9-12A, 2170 Merksem (Antwerp)Current		CBE
Westkaai 11, 2170 Merksem (Antwerp)	accounts 2021 → 2025	Accounts 2025 · 2026-00280717

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CLEANING MASTERSCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00280717

Events

2025
Annual accounts 20254,5 M €↑
27/06/2025
reconductionDe Schutter Nicolas · bestuurder
27/06/2025
reconductionPaelinck Philip · bestuurder
27/06/2025
reconductionDe Schutter Olivier · bestuurder
27/06/2025
nominationRoulleau Christian · bestuurder
27/06/2025
nominationOlivier Payen · bestuurder
27/06/2025
nominationGendrot Bruno · bestuurder
27/06/2025
reconductionMaarten Lindemans · commissaris
27/06/2025
nominationDe Schutter Nicolas · gedelegeerd bestuurder
27/06/2025
nominationPaelinck Philip · gedelegeerd bestuurder
2024
Annual accounts 20243,7 M €↑
2023
Annual accounts 20233,6 M €↓
2022
Annual accounts 20223,7 M €↓
20/06/2022
nominationMaarten Lindemans · commissaris
2021
Annual accounts 20215,6 M €↑
2020
Annual accounts 20203,4 M €↑
2019
Annual accounts 20193 M €↓
2018
Annual accounts 20183,4 M €↑
2017
Annual accounts 20173,4 M €↑
2016
Annual accounts 20163,2 M €↓
2015
Annual accounts 20153,8 M €↑
2014
Annual accounts 20142,3 M €↓
2013
Annual accounts 20132,3 M €↓
2012
Annual accounts 20122,5 M €↓
2011
Annual accounts 20112,7 M €↑
2010
Annual accounts 20101,7 M €↑
2009
Annual accounts 20091,5 M €↓
2008
Annual accounts 20081,9 M €↓
2007
Annual accounts 20072 M €↓
2006
Annual accounts 20062,1 M €
12/10/1988
IncorporationPublic limited company

CLEANING MASTERS

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