NORMAL SITUATION

The Viewmasters

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Financial year 2025 · closed on 31/12/2025

Net result

-96,6 k €

-140.2% YoY

Gross margin

-15,4 k €

+43.2% YoY

Equity

599,4 k €

-13.9% YoY

Company — Normal situation.

What does The Viewmasters do?

The Viewmasters is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.659.080

Legal form

Private limited company

Contributed capital

18 550,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

Solid equityGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-15,4 k €	+43.2%	-27,2 k €	+46.5%	-50,9 k €	+16.7%	-61,1 k €	-149%	124,7 k €	+14.8%	108,7 k €	+20.7%	90,1 k €	-1.1%	91,1 k €	+11.5%	81,7 k €	-46.6%	153,1 k €	+120%	69,7 k €	-6.3%	74,4 k €	-22.6%	96,1 k €	-19.0%	118,7 k €	+0.1%	118,6 k €	-20.5%	149,2 k €	-19.8%	186 k €	+239%	54,8 k €	-45.3%	100,1 k €
EBITDA	-95,8 k €	-225%	-29,5 k €	+44.5%	-53,1 k €	+14.9%	-62,4 k €	-151%	122,8 k €	+14.9%	106,8 k €	+21.3%	88,1 k €	-2.1%	90 k €	+13.4%	79,4 k €	-47.6%	151,4 k €	+124%	67,4 k €	-3.6%	69,9 k €	-25.4%	93,7 k €	-12.8%	107,5 k €	-8.7%	117,7 k €	-20.9%	148,7 k €	-19.8%	185,5 k €	+252%	52,7 k €	-45.7%	97 k €
Operating result	-95,8 k €	-111%	-45,4 k €	+35.3%	-70,3 k €	+12.1%	-80 k €	-178%	102,7 k €	+14.1%	90 k €	+25.7%	71,6 k €	-15.9%	85,1 k €	+13.7%	74,8 k €	-49.7%	148,6 k €	+132%	64 k €	-4.5%	67 k €	-27.2%	91,9 k €	-10.4%	102,6 k €	+43.3%	71,6 k €	-49.3%	141,2 k €	-20.2%	177 k €	+278%	46,8 k €	-44.5%	84,3 k €
Net result	-96,6 k €	-140%	-40,2 k €	+40.6%	-67,7 k €	+16.1%	-80,7 k €	-222%	66,1 k €	+4.8%	63,1 k €	+32.2%	47,7 k €	-16.5%	57,2 k €	+49.1%	38,3 k €	-56.4%	87,9 k €	+72.0%	51,1 k €	-1.3%	51,8 k €	+18.1%	43,9 k €	-34.1%	66,6 k €	+11.3%	59,8 k €	-47.1%	113,2 k €	-17.2%	136,7 k €	-7.8%	148,3 k €	+138%	62,3 k €
Balance sheet
Equity	599,4 k €	-13.9%	696 k €	-5.5%	736,2 k €	-8.4%	803,9 k €	-9.1%	884,6 k €	+8.1%	818,5 k €	+8.3%	755,5 k €	+6.7%	707,8 k €	+8.8%	650,6 k €	+6.3%	612,3 k €	+16.8%	524,4 k €	+10.8%	473,3 k €	+12.3%	421,4 k €	-8.3%	459,4 k €	+17.0%	392,8 k €	+6.7%	368 k €	+12.3%	327,8 k €	+23.2%	266,1 k €	+28.1%	207,8 k €
Total assets	619,7 k €	-16.3%	740,3 k €	-5.4%	782,3 k €	-11.8%	886,9 k €	-12.4%	1 M €	+9.9%	921,9 k €	+10.0%	837,7 k €	+8.8%	770,3 k €	-2.6%	790,9 k €	+9.5%	722,1 k €	+20.7%	598,2 k €	+4.3%	573,6 k €	+21.5%	472 k €	-12.4%	538,9 k €	+6.8%	504,6 k €	-4.7%	529,7 k €	-2.7%	544,2 k €	-13.6%	629,6 k €	+103%	310,6 k €
Cash	400,1 k €	-8.0%	435,1 k €	-9.7%	482,1 k €	-30.1%	689,8 k €	-16.2%	822,8 k €	+22.4%	671,9 k €	+10.8%	606,2 k €	-5.6%	641,9 k €	-4.3%	670,5 k €	+9.1%	614,8 k €	+34.7%	456,5 k €	+21.4%	376,2 k €	+28.3%	293,1 k €	+1314%	20,7 k €	+4.6%	19,8 k €	+42.0%	14 k €	-8.7%	15,3 k €	-69.5%	50,1 k €	+178%	18 k €
Debts	20,3 k €	-54.3%	44,3 k €	-3.9%	46,1 k €	-44.5%	83 k €	-35.3%	128,3 k €	+24.2%	103,3 k €	+25.7%	82,2 k €	+31.5%	62,5 k €	-55.4%	140,3 k €	+27.8%	109,8 k €	+48.7%	73,9 k €	-23.9%	97,1 k €	+92.1%	50,5 k €	-31.8%	74,1 k €	-33.6%	111,6 k €	-31.0%	161,7 k €	-25.2%	216,2 k €	-40.5%	363,5 k €	+274%	97,3 k €

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

Maria Bogaerts

Administrator - manager

Active

Ended mandates

Maria Bogaerts

Managing director · since 23 juin 2009 · until 23 juin 2015

Ended

Yves Bogaerts

Director · since 23 juin 2009 · until 23 juin 2015

Ended

Maria BOGAERTS

Managing director · since 28 juillet 1999

Ended

Yves BOGAERTS

Managing director · since 28 juillet 1999

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	31/08/2026	05/09/2025	25/11/2024	05/10/2023	25/08/2022	27/10/2021
General meeting	10/02/2026	26/06/2025	27/06/2024	22/06/2023	23/06/2022	24/06/2021
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

27 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	10/02/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	26/06/2025	05/09/2025	Dutch	PDF
Micro model	31/12/2023	27/06/2024	25/11/2024	Dutch	PDF
Micro model	31/12/2022	22/06/2023	05/10/2023	Dutch	PDF
Micro model	31/12/2021	23/06/2022	25/08/2022	Dutch	PDF
Micro model	31/12/2020	24/06/2021	27/10/2021	Dutch	PDF
Micro model	31/12/2019	25/06/2020	03/09/2020	Dutch	PDF
Micro model	31/12/2018	27/06/2019	27/07/2019	Dutch	PDF
Micro model	31/12/2017	28/06/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	19/06/2017	17/08/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	14/08/2015	Dutch	PDF
Abridged model	31/12/2013	18/06/2014	11/08/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	19/07/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	19/07/2013	Dutch	PDF
Abridged model	31/12/2010	18/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	13/10/2010	Dutch	PDF
Abridged model	31/12/2008	18/06/2009	14/10/2009	Dutch	PDF
Abridged model	31/12/2007	18/06/2008	15/10/2008	Dutch	PDF
Abridged model	31/12/2006	18/06/2007	29/08/2007	Dutch	PDF
Abridged model	31/12/2005	18/06/2006	14/08/2006	French	PDF
Abridged model	31/12/2004	18/06/2005	22/07/2005	Dutch	PDF
Abridged model	31/12/2003	18/06/2004	13/07/2004	Dutch	PDF
Abridged model	31/12/2002	18/06/2003	24/07/2003	French	PDF

View all 27 filings

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

Maria Bogaerts

Administrator - manager

Active

Ended mandates

Maria Bogaerts

Managing director · since 23 juin 2009 · until 23 juin 2015

Ended

Yves Bogaerts

Director · since 23 juin 2009 · until 23 juin 2015

Ended

Maria BOGAERTS

Managing director · since 28 juillet 1999

Ended

Yves BOGAERTS

Managing director · since 28 juillet 1999

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution15/04/2026
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/02/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - 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 2025-96,6 k €↓
2024
Annual accounts 2024-40,2 k €↑
2023
Annual accounts 2023-67,7 k €↑
2022
Annual accounts 2022-80,7 k €↓
2021
Annual accounts 202166,1 k €↑
2020
Annual accounts 202063,1 k €↑
2019
Annual accounts 201947,7 k €↓
2018
Annual accounts 201857,2 k €↑
2017
Annual accounts 201738,3 k €↓
2016
Annual accounts 201687,9 k €↑
2015
Annual accounts 201551,1 k €↓
2014
Annual accounts 201451,8 k €↑
2013
Annual accounts 201343,9 k €↓
2011
Annual accounts 201166,6 k €↑
2010
Annual accounts 201059,8 k €↓
2009
Annual accounts 2009113,2 k €↓
2008
Annual accounts 2008136,7 k €↓
2007
Annual accounts 2007148,3 k €↑
2006
Annual accounts 200662,3 k €

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

The Viewmasters

Overview

What does The Viewmasters do?

Trend over 19 financial years

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