MAST
0465.866.650 · rovalta.com · 23/09/2026
ACTIVE
MAST
Financial year 2023 · closed on 31/12/2023
Net result
-25,4 k €
-173.1% YoY
Gross margin
200,2 k €
-22.0% YoY
Equity
296,6 k €
-7.9% YoY
Overview
What does MAST do?
MAST is a Private limited company incorporated in 1999. Its registered office is in Izegem.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0465.866.650
Incorporation
13/04/1999
Legal form
Private limited company
Registered office
Zuidkaai 22
8870 Izegem · FlandreSee on map
8870 Izegem · FlandreSee on map
Contributed capital
18 592,02 €
Latest accounts
31/12/2023
Signals
Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 18 financial years
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 200,2 k € | -22.0% | 256,8 k € | +92.5% | 133,4 k € | +61.4% | 82,6 k € | -63.0% | 223,6 k € | -23.6% | 292,7 k € | +154% | 115,1 k € | +41.7% | 81,2 k € | -41.5% | 138,9 k € | -14.3% | 162,2 k € | -32.9% | 241,8 k € | +2.2% | 236,6 k € | +10.2% | 214,7 k € | +28.7% | 166,8 k € | -1.7% | 169,7 k € | +18.0% | 143,8 k € | +23.4% | 116,5 k € | +1.5% | 114,8 k € |
| EBITDA | 7,7 k € | -89.5% | 73,6 k € | +32.3% | 55,7 k € | +1031% | -6 k € | -111% | 52,3 k € | -65.1% | 149,6 k € | +103% | 73,5 k € | +150% | 29,5 k € | +33.1% | 22,1 k € | -56.1% | 50,4 k € | -45.6% | 92,7 k € | -19.8% | 115,6 k € | +192% | 39,6 k € | +212% | 12,7 k € | -51.9% | 26,4 k € | -45.3% | 48,2 k € | +119% | 22 k € | -8.0% | 23,9 k € |
| Operating result | -25,1 k € | -171% | 35,6 k € | +176% | 12,9 k € | +127% | -48,1 k € | -401% | 16 k € | -86.5% | 118,3 k € | +165% | 44,7 k € | +17538% | 253,6 € | +103% | -8,4 k € | -142% | 20 k € | -68.2% | 62,9 k € | -34.6% | 96,3 k € | +273% | 25,8 k € | +24714% | 104 € | -99.3% | 14,4 k € | -63.9% | 39,8 k € | +118% | 18,3 k € | -20.3% | 22,9 k € |
| Net result | -25,4 k € | -173% | 34,8 k € | +178% | 12,5 k € | +129% | -43,1 k € | -481% | 11,3 k € | -84.9% | 74,9 k € | +186% | 26,2 k € | +2086% | -1,3 k € | +89.0% | -12 k € | -193% | 12,8 k € | -69.8% | 42,5 k € | +18.7% | 35,8 k € | +90.1% | 18,8 k € | +26813% | 70 € | -99.3% | 9,8 k € | -63.9% | 27,1 k € | +118% | 12,4 k € | -21.4% | 15,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 296,6 k € | -7.9% | 322 k € | +12.1% | 287,2 k € | +4.6% | 274,7 k € | -13.6% | 317,8 k € | +3.7% | 306,4 k € | +32.4% | 231,5 k € | +12.8% | 205,3 k € | -0.6% | 206,6 k € | -5.5% | 218,6 k € | +6.2% | 205,8 k € | +26.0% | 163,2 k € | +28.1% | 127,4 k € | +23.3% | 103,3 k € | +0.1% | 103,2 k € | -2.2% | 105,5 k € | +60.5% | 65,7 k € | +38.5% | 47,5 k € |
| Total assets | 328,4 k € | -6.5% | 351,1 k € | +13.3% | 309,9 k € | -0.3% | 310,7 k € | -14.7% | 364,3 k € | -7.1% | 392,1 k € | +18.0% | 332,3 k € | +20.1% | 276,7 k € | -4.3% | 289,1 k € | -12.8% | 331,5 k € | +15.6% | 286,8 k € | +22.3% | 234,5 k € | +71.0% | 137,1 k € | +12.2% | 122,3 k € | -12.9% | 140,4 k € | +9.6% | 128,1 k € | +79.7% | 71,3 k € | +43.2% | 49,8 k € |
| Cash | 16,6 k € | -47.5% | 31,6 k € | +104% | 15,5 k € | +1404% | 1 k € | -85.8% | 7,3 k € | +14.8% | 6,3 k € | +228% | 1,9 k € | -38.4% | 3,1 k € | -39.2% | 5,2 k € | -86.6% | 38,7 k € | +317% | 9,3 k € | -38.3% | 15 k € | -81.7% | 82,1 k € | +32.2% | 62,1 k € | +19.9% | 51,8 k € | +77.1% | 29,3 k € | +212% | 9,4 k € | +808% | 1 k € |
| Debts | 27,1 k € | +8.6% | 24,9 k € | +35.0% | 18,5 k € | -48.7% | 36 k € | -22.7% | 46,6 k € | -45.7% | 85,7 k € | -15.0% | 100,8 k € | +41.3% | 71,3 k € | -13.5% | 82,5 k € | -27.0% | 112,9 k € | +39.4% | 81 k € | +13.8% | 71,2 k € | +634% | 9,7 k € | -48.8% | 18,9 k € | -49.1% | 37,2 k € | +64.5% | 22,6 k € | +307% | 5,5 k € | +139% | 2,3 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | 9,4 ETP | +9.3% | 8,6 ETP | +514% | 1,4 ETP | 0.0% | 1,4 ETP | -26.3% | 1,9 ETP | -34.5% | 2,9 ETP | -27.5% | 4,0 ETP | +17.6% | 3,4 ETP | – | – | – | – | 54 613,0 ETP | – | ||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2023 · 1 active · 3 ended
Active mandates
Marc Seys
ActiveEnded mandates
Marc SEYS
EndedMarc SEYS
EndedTessa Forrier
EndedAt this address
Other companies at this address
Financials
Annual accounts
Full financial information
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 | 01/01/2018 |
| Closing of the financial year | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 | 31/12/2018 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 21/10/2024 | 09/10/2023 | 30/08/2022 | 23/12/2021 | 29/11/2020 | 16/09/2019 |
| General meeting | 18/05/2024 | 20/05/2023 | 21/05/2022 | 15/05/2021 | 21/11/2020 | 10/08/2019 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
18 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2023 | 18/05/2024 | 21/10/2024 | Dutch | |
| Micro model | 31/12/2022 | 20/05/2023 | 09/10/2023 | Dutch | |
| Micro model | 31/12/2021 | 21/05/2022 | 30/08/2022 | Dutch | |
| Micro model | 31/12/2020 | 15/05/2021 | 23/12/2021 | Dutch | |
| Abridged model | 31/12/2019 | 21/11/2020 | 29/11/2020 | Dutch | |
| Abridged model | 31/12/2018 | 10/08/2019 | 16/09/2019 | Dutch | |
| Abridged model | 31/12/2017 | 15/09/2018 | 25/10/2018 | Dutch | |
| Abridged model | 31/12/2016 | 24/02/2018 | 28/02/2018 | Dutch | |
| Abridged model | 31/12/2015 | 21/05/2016 | 28/09/2016 | Dutch | |
| Abridged model | 31/12/2014 | 28/12/2015 | 30/12/2015 | Dutch | |
| Abridged model | 31/12/2013 | 30/06/2014 | 23/10/2014 | Dutch | |
| Abridged model | 31/12/2012 | 30/06/2013 | 30/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 19/05/2012 | 23/05/2012 | Dutch | |
| Abridged model | 31/12/2010 | 21/05/2011 | 07/09/2011 | Dutch | |
| Abridged model | 31/12/2009 | 22/05/2010 | 29/09/2010 | Dutch | |
| Abridged model | 31/12/2008 | 18/07/2009 | 21/08/2009 | Dutch | |
| Abridged model | 31/12/2007 | 17/05/2008 | 27/05/2008 | Dutch | |
| Abridged model | 31/12/2006 | 19/05/2007 | 23/05/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 k€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2023 · 1 active · 3 ended
Active mandates
Marc Seys
ActiveEnded mandates
Marc SEYS
EndedMarc SEYS
EndedTessa Forrier
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates18/10/2024WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
- Mandates14/07/2023ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
- Mandates11/10/2021ONTSLAGEN - BENOEMINGEN
- Mandates18/04/2012ONTSLAGEN - BENOEMINGEN
- Other10/03/2010DIVERSEN
- Mandates17/01/2005ONTSLAGEN - BENOEMINGEN
- Mandates20/05/2003ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2023Annual accounts 2023-25,4 k €↓
- 2022Annual accounts 202234,8 k €↑
- 2021Annual accounts 202112,5 k €↑
- 2020Annual accounts 2020-43,1 k €↓
- 2019Annual accounts 201911,3 k €↓
- 2018Annual accounts 201874,9 k €↑
- 2017Annual accounts 201726,2 k €↑
- 2016Annual accounts 2016-1,3 k €↑
- 2015Annual accounts 2015-12 k €↓
- 2014Annual accounts 201412,8 k €↓
- 2013Annual accounts 201342,5 k €↑
- 2012Annual accounts 201235,8 k €↑
- 2011Annual accounts 201118,8 k €↑
- 2010Annual accounts 201070 €↓
- 2009Annual accounts 20099,8 k €↓
- 2008Annual accounts 200827,1 k €↑
- 2007Annual accounts 200712,4 k €↓
- 2006Annual accounts 200615,8 k €
- 13/04/1999IncorporationPrivate limited company