ACTIVE

CLEANING MASTERS

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Financial year 2025 · closed on 31/12/2025

Net result

4,5 M €

+21.9% YoY

Revenue

177,3 M €

+0.8% YoY

Equity

17,1 M €

0.0% YoY

Workforce

1 671,9 ETP

-0.7% YoY

What does CLEANING MASTERS do?

CLEANING MASTERS is a Public limited company incorporated in 1988. 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

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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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
Revenue	177,3 M €	+0.8%	176 M €	+3.4%	170,1 M €	+12.8%	150,8 M €	+8.1%	139,6 M €	+14.3%	122,1 M €	+13.0%	108,1 M €	+3.1%	104,9 M €	+4.0%	100,8 M €	+11.1%	90,7 M €	+10.4%	82,2 M €	+0.3%	82 M €	+6.0%	77,3 M €	-5.7%	82 M €	+17.1%	70 M €	+3.5%	67,7 M €	+7.0%	63,2 M €	+0.3%	63 M €	+8.1%	58,3 M €	+1.9%	57,2 M €
EBITDA	8,2 M €	+13.2%	7,2 M €	+7.7%	6,7 M €	+11.4%	6 M €	-32.1%	8,9 M €	+36.1%	6,5 M €	+3.8%	6,3 M €	-5.4%	6,6 M €	-4.8%	7 M €	+4.1%	6,7 M €	+11.6%	6 M €	+15.8%	5,2 M €	+25.5%	4,1 M €	-9.5%	4,6 M €	+2.8%	4,4 M €	+13.7%	3,9 M €	+10.4%	3,5 M €	-17.4%	4,3 M €	-4.1%	4,5 M €	+3.4%	4,3 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 €	+44.4%	5,3 M €	+9.2%	4,8 M €	-5.7%	5,1 M €	-4.9%	5,4 M €	+4.3%	5,2 M €	+14.0%	4,5 M €	+21.4%	3,7 M €	+31.1%	2,8 M €	-17.6%	3,5 M €	+0.0%	3,5 M €	+24.9%	2,8 M €	+11.9%	2,5 M €	-23.6%	3,2 M €	-6.0%	3,4 M €	+0.4%	3,4 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 €	+63.6%	3,4 M €	+15.9%	3 M €	-13.2%	3,4 M €	+1.2%	3,4 M €	+6.7%	3,2 M €	-17.7%	3,8 M €	+69.1%	2,3 M €	-1.9%	2,3 M €	-6.4%	2,5 M €	-7.5%	2,7 M €	+60.7%	1,7 M €	+7.6%	1,5 M €	-17.5%	1,9 M €	-6.6%	2 M €	-3.9%	2,1 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 €	+12.8%	13,2 M €	-13.0%	15,1 M €	+24.4%	12,2 M €	+6.0%	11,5 M €	+7.0%	10,7 M €	+7.5%	10 M €	+0.0%	10 M €	+0.0%	10 M €	+0.0%	10 M €	+1.1%	9,9 M €	+1.4%	9,7 M €	+0.0%	9,7 M €	+0.8%	9,7 M €	+104%	4,7 M €	+73.9%	2,7 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 €	+14.7%	42 M €	+10.3%	38,1 M €	+7.0%	35,6 M €	-4.9%	37,5 M €	+12.6%	33,3 M €	+3.1%	32,3 M €	+7.4%	30,1 M €	+1.3%	29,7 M €	+1.9%	29,1 M €	+6.8%	27,3 M €	+9.0%	25 M €	-4.4%	26,2 M €	-4.3%	27,3 M €	+20.8%	22,6 M €	+5.4%	21,5 M €
Cash	12,1 M €	+27.8%	9,5 M €	+36.1%	7 M €	+87.9%	3,7 M €	-51.7%	7,7 M €	+60.9%	4,8 M €	+9.9%	4,3 M €	+5.6%	4,1 M €	+6.6%	3,9 M €	-0.6%	3,9 M €	-34.4%	5,9 M €	+45.8%	4,1 M €	+200%	1,4 M €	-46.2%	2,5 M €	-38.0%	4,1 M €	-22.5%	5,2 M €	+85.4%	2,8 M €	-14.2%	3,3 M €	-0.1%	3,3 M €	+7.6%	3,1 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 €	+17.0%	26,9 M €	+24.5%	21,6 M €	-1.6%	22 M €	-12.9%	25,2 M €	+17.8%	21,4 M €	+0.7%	21,3 M €	+10.9%	19,2 M €	+1.9%	18,8 M €	+0.7%	18,7 M €	+8.8%	17,2 M €	+13.4%	15,1 M €	-5.6%	16 M €	-8.5%	17,5 M €	-1.7%	17,8 M €	-4.2%	18,6 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	-0.2%	1 567,1 ETP	+0.5%	1 559,0 ETP	+2.8%	1 517,1 ETP	-0.7%	1 527,5 ETP	+1.4%	1 506,9 ETP	+1.6%	1 483,6 ETP	-0.9%	1 497,7 ETP	-0.2%	1 500,4 ETP	-11.3%	1 691,3 ETP	+23.2%	1 373,1 ETP	+0.6%	1 365,0 ETP	-0.7%	1 375,0 ETP	+0.5%	1 367,6 ETP	+5.2%	1 300,2 ETP	+1.6%	1 279,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 71 ended

Active mandates

FOR-BZH

Voorzitter van de Raad van Bestuur · since 27 juin 2025 · until 27 juin 2031 · 1014.181.124

Represented by Christian Roulleau

Active

FOR-INVEST

Director · since 27 juin 2025 · until 27 juin 2031 · 1027.217.231

Represented by Bruno Gendrot

Active

Nicolas de Schutter

Managing director · since 27 juin 2025 · until 27 juin 2031 · 0536.419.403

Represented by Nicolas De Schutter

Active

O4 MANAGEMENT

Director · since 27 juin 2025 · until 27 juin 2031 · 0833.646.605

Represented by Olivier De Schutter

Active

PAELINCK PHILIP

Managing director · since 27 juin 2025 · until 27 juin 2031 · 0536.664.772

Represented by Philip Paelinck

Active

SAMSIC IV

Director · since 27 juin 2025 · until 27 juin 2031 · 0628.999.963

Represented by Olivier Payen

Active

Ended mandates

Bruno Gendrot

Director · since 20 juin 2019 · until 03 avril 2025

Ended

Bruno Gendrot

Director · since 20 juin 2019 · until 27 juin 2025

Ended

Christian Roulleau

Chairman of the board of directors · since 20 juin 2019 · until 03 avril 2025

Ended

Christian Roulleau

Chairman of the board of directors · since 20 juin 2019 · until 27 juin 2025

Ended

At this address

Other companies at this address

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

Annual accounts

Full financial information

	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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

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

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 71 ended

Active mandates

FOR-BZH

Voorzitter van de Raad van Bestuur · since 27 juin 2025 · until 27 juin 2031 · 1014.181.124

Represented by Christian Roulleau

Active

FOR-INVEST

Director · since 27 juin 2025 · until 27 juin 2031 · 1027.217.231

Represented by Bruno Gendrot

Active

Nicolas de Schutter

Managing director · since 27 juin 2025 · until 27 juin 2031 · 0536.419.403

Represented by Nicolas De Schutter

Active

O4 MANAGEMENT

Director · since 27 juin 2025 · until 27 juin 2031 · 0833.646.605

Represented by Olivier De Schutter

Active

PAELINCK PHILIP

Managing director · since 27 juin 2025 · until 27 juin 2031 · 0536.664.772

Represented by Philip Paelinck

Active

SAMSIC IV

Director · since 27 juin 2025 · until 27 juin 2031 · 0628.999.963

Represented by Olivier Payen

Active

Ended mandates

Bruno Gendrot

Director · since 20 juin 2019 · until 03 avril 2025

Ended

Bruno Gendrot

Director · since 20 juin 2019 · until 27 juin 2025

Ended

Christian Roulleau

Chairman of the board of directors · since 20 juin 2019 · until 03 avril 2025

Ended

Christian Roulleau

Chairman of the board of directors · since 20 juin 2019 · until 27 juin 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

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

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 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

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

CLEANING MASTERS

Overview

What does CLEANING MASTERS do?

Trend over 20 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