NORMAL SITUATION

MASTERFILTER

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Company — Normal situation.

Financial year 2024 · Closed on 31/12/2024

Net result584,8 k €+47,7 %over 1 year

Gross margin854,9 k €+42,6 %over 1 year

Equity966,5 k €-25,6 %over 1 year

Workforce1,6 ETP+33,3 %over 1 year

Identity

Source · BCE/KBO

MASTERFILTER is a company registered in Belgium. It employs on average 1,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0454.859.922
Legal form: Public limited company
Contributed capital: 61 500,00 €
Latest accounts: 31/12/2024
Average workforce: 1,6 ETP

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 29 filings

Trend over 19 financial years

	2024		2023		2022		2021		2020
Income statement
Gross margin	854,9 k €	+42.6%	599,7 k €	+37.6%	435,8 k €	+39.5%	312,5 k €	+89.7%	164,7 k €
EBITDA	734 k €	+43.7%	510,9 k €	+36.8%	373,5 k €	+91.2%	195,3 k €	+163%	74,3 k €
Operating result	731,5 k €	+44.3%	506,8 k €	+37.0%	369,8 k €	+92.8%	191,8 k €	+187%	66,9 k €
Net result	584,8 k €	+47.7%	395,9 k €	+54.0%	257,2 k €	+76.8%	145,4 k €	+407%	28,7 k €
Balance sheet
Equity	966,5 k €	-25.6%	1,3 M €	+43.8%	903,5 k €	+39.8%	646,3 k €	+29.0%	500,9 k €
Total assets	1,3 M €	-22.6%	1,6 M €	+39.5%	1,2 M €	+30.7%	893,3 k €	-28.0%	1,2 M €
Cash	278,2 k €	-32.7%	413,4 k €	+29.4%	319,4 k €	+88.5%	169,4 k €	-24.1%	223,4 k €
Debts	293 k €	-10.8%	328,4 k €	+34.3%	244,5 k €	+11.7%	218,8 k €	-69.4%	715,8 k €
Other
Workforce	1,6 ETP	+33.3%	1,2 ETP	+9.1%	1,1 ETP	-38.9%	1,8 ETP	+20.0%	1,5 ETP

Board of directors

Source · NBB, accounts to 31/12/2024

4 active · 14 ended

Active mandates

Alex Bongaerts

Director · since 03 mars 2025

Active

Hendrik Timmermans

Director · since 03 mars 2025

Active

Luc Aeyels

Managing director · since 27 mars 2023 · until 03 mars 2025

Active

VT AVIATION SERVICES

Managing director · since 27 mars 2023 · until 03 mars 2025 · 0478.472.096

Represented by Veerle Vrancken

Active

Ended mandates

Luc Aeyels

Managing director · since 19 mai 2023 · until 03 juin 2028

Ended

VT AVIATION SERVICES

Managing director · since 19 mai 2023 · until 03 juin 2028 · 0478.472.096

Represented by Veerle Vrancken

Ended

Luc Aeyels

Managing director · since 27 mars 2023 · until 02 juin 2029

Ended

VT AVIATION SERVICES

Managing director · since 27 mars 2023 · until 02 juin 2029 · 0478.472.096

Represented by Veerle Vrancken

Ended

Full financial information

Source · NBB

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/05/2025	31/07/2024	28/07/2023	25/08/2022	25/06/2021	03/09/2020
General meeting	14/02/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021	24/08/2020
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, 29 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged modelCorrection	31/12/2024	14/02/2025	13/05/2025	Dutch	PDF
Abridged model	31/12/2024	14/02/2025	30/04/2025	Dutch	PDF
Abridged model	31/12/2023	01/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	03/06/2023	28/07/2023	Dutch	PDF
Abridged model	31/12/2021	04/06/2022	25/08/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	24/08/2020	03/09/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	13/06/2019	Dutch	PDF
Abridged model	31/12/2017	02/06/2018	12/06/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	17/06/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	08/06/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	11/06/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	10/06/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	04/06/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	06/06/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	07/06/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	08/06/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	09/06/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	04/06/2007	Dutch	PDF
Abridged model	31/12/2005	03/06/2006	06/06/2006	Dutch	PDF
Abridged model	31/12/2004	04/06/2005	20/06/2005	Dutch	PDF
Abridged model	31/12/2003	05/06/2004	11/06/2004	Dutch	PDF
Abridged model	31/12/2002	07/06/2003	18/06/2003	Dutch	PDF

View all 29 filings

Indicative valuation

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 31/12/2024

4 active · 14 ended

Active mandates

Alex Bongaerts

Director · since 03 mars 2025

Active

Hendrik Timmermans

Director · since 03 mars 2025

Active

Luc Aeyels

Managing director · since 27 mars 2023 · until 03 mars 2025

Active

VT AVIATION SERVICES

Managing director · since 27 mars 2023 · until 03 mars 2025 · 0478.472.096

Represented by Veerle Vrancken

Active

Ended mandates

Luc Aeyels

Managing director · since 19 mai 2023 · until 03 juin 2028

Ended

VT AVIATION SERVICES

Managing director · since 19 mai 2023 · until 03 juin 2028 · 0478.472.096

Represented by Veerle Vrancken

Ended

Luc Aeyels

Managing director · since 27 mars 2023 · until 02 juin 2029

Ended

VT AVIATION SERVICES

Managing director · since 27 mars 2023 · until 02 juin 2029 · 0478.472.096

Represented by Veerle Vrancken

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring08/08/2025
FUSIE DOOR OVERNEMING - ALGEMENE VERGADERING VAN DE OVER-
PDF
Other04/06/2025
VERKLARING VAN "ENIG AANDEELHOUDERSCHAP"/BIJZONDERE
PDF
Restructuring28/05/2025
FUSIEVOORSTEL d.d. 7/5/2025
PDF
Mandates14/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring05/12/2024
PARTIËLE SPLITSING
PDF
Other12/06/2024
VOORSTEL TOT PARTIËLE SPLITSING DOOR OPRICHTING van de
PDF
Mandates23/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/06/2022
MAATSCHAPPELIJKE ZETEL
PDF

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

See the Business plan

Timeline

2024
Annual accounts 2024584,8 k €↑
2023
Annual accounts 2023395,9 k €↑
2022
Annual accounts 2022257,2 k €↑
2022
Name changeMASTERFILTER
2021
Annual accounts 2021145,4 k €↑
2021
Name changeD-UNIT
2020
Annual accounts 202028,7 k €↓
2019
Annual accounts 201973,1 k €↓
2018
Annual accounts 201893,6 k €↑
2017
Annual accounts 201779 k €↑
2016
Annual accounts 201672,1 k €↑
2015
Annual accounts 201559,4 k €↑
2014
Annual accounts 201413,4 k €↑
2013
Annual accounts 2013-24,4 k €↓
2012
Annual accounts 201214,9 k €↑
2011
Annual accounts 201113,6 k €↑
2010
Annual accounts 201013,5 k €↑
2009
Annual accounts 20099,2 k €↓
2008
Annual accounts 200832 k €↑
2007
Annual accounts 200726,8 k €↓
2006
Annual accounts 200663,1 k €

MASTERFILTER

Overview

Identity

Financials

Board of directors

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