ACTIVE

Mastercard Transaction Services (Europe)

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Financial year 2022 · Closed on 31/12/2022

Net result-14,7 M €-31,2 %over 1 year

Revenue12,6 M €+48,4 %over 1 year

Equity16,2 M €+2,0 %over 1 year

Workforce64,0 ETP+3,2 %over 1 year

Identity

Source · BCE/KBO

Mastercard Transaction Services (Europe) is a Public limited company incorporated in 2014. Its main activity is: Other financial service activities, except insurance and pension funding n.e.c.. Its registered office is in Waterloo. It employs on average 64,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0549.987.921
Incorporation: 03/04/2014
Legal form: Public limited company
Registered office: Chaussée de Tervuren 198A
1410 Waterloo · WallonieSee on map
Contributed capital: 107 909 159,70 €
Latest accounts: 31/12/2022
Average workforce: 64,0 ETP

Activities (NACE)

64999Other financial service activities, except insurance and pension funding n.e.c.· main 64999Other financial service activities, except insurance and pension funding n.e.c.66199Other activities auxiliary to financial services, except insurance and pension funding 66199Other activities auxiliary to financial services, except insurance and pension funding

Joint committees (1)

Signals

Good liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 11 filings

Trend over 8 financial years

	2022		2021		2020		2019		2018
Income statement
Revenue	12,6 M €	+48.4%	8,5 M €	+16.2%	7,3 M €	+71.8%	4,2 M €	-14.6%	5 M €
EBITDA	-11,7 M €	-8.3%	-10,8 M €	-14.2%	-9,5 M €	+8.3%	-10,3 M €	-22.6%	-8,4 M €
Operating result	-14 M €	-23.2%	-11,4 M €	-18.4%	-9,6 M €	+14.7%	-11,2 M €	-6.8%	-10,5 M €
Net result	-14,7 M €	-31.2%	-11,2 M €	+14.6%	-13,1 M €	-14.1%	-11,5 M €	-7.5%	-10,7 M €
Balance sheet
Equity	16,2 M €	+2.0%	15,9 M €	+655%	2,1 M €	-59.5%	5,2 M €	-1.4%	5,3 M €
Total assets	93,4 M €	+27.7%	73,1 M €	+61.1%	45,4 M €	+64.1%	27,7 M €	+55.3%	17,8 M €
Cash	50,9 M €	+17.4%	43,3 M €	+93.3%	22,4 M €	+18.6%	18,9 M €	+56.3%	12,1 M €
Debts	77 M €	+34.9%	57,1 M €	+32.2%	43,2 M €	+92.8%	22,4 M €	+82.2%	12,3 M €
Other
Workforce	64,0 ETP	+3.2%	62,0 ETP	+21.6%	51,0 ETP	+10.9%	46,0 ETP	+21.7%	37,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2022

4 active · 12 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Luis Alvarez	Director20/12/2022 → 30/06/2028
Patricia Decuypere	Director20/12/2022 → 30/06/2028
Marc Friedman	Director04/01/2019 → 30/06/2028
Henri Dewaerheijd	Director12/07/2016 → 30/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Elizabeth Mary Joan Oakes	Director18/06/2021 → 2021 accounts
John Sulca	Director11/12/2017 → 2018 accounts
Sachin Mehra	Director11/12/2017 → 2018 accounts

Other companies at this address

Chaussée de Tervuren 198A 1410 Waterloo

Company	CBE no.
Mastercard Europe● Active	0448.038.446
MASTERCARD JUPITER INVESTMENTS● Active	0830.805.493

Full financial information

Source · NBB

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	24/07/2025	09/07/2024	06/07/2023	01/06/2022	20/05/2021	09/06/2020
General meeting	30/06/2025	10/06/2024	30/06/2023	31/05/2022	28/04/2021	27/04/2020
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, 11 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	30/06/2025	24/07/2025	French	PDF
Full model	31/12/2023	10/06/2024	09/07/2024	French	PDF
Full model	31/12/2022	30/06/2023	06/07/2023	French	PDF
Full model	31/12/2021	31/05/2022	01/06/2022	French	PDF
Full model	31/12/2020	28/04/2021	20/05/2021	French	PDF
Full model	31/12/2019	27/04/2020	09/06/2020	French	PDF
Full model	31/12/2018	28/05/2019	18/06/2019	French	PDF
Full model	31/12/2017	29/05/2018	04/06/2018	French	PDF
Full model	31/12/2016	30/05/2017	31/07/2017	French	PDF
Full model	31/12/2015	28/06/2016	07/07/2016	French	PDF
Full model	31/12/2014	24/06/2015	03/07/2015	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2022

4 active · 12 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Luis Alvarez	Director20/12/2022 → 30/06/2028
Patricia Decuypere	Director20/12/2022 → 30/06/2028
Marc Friedman	Director04/01/2019 → 30/06/2028
Henri Dewaerheijd	Director12/07/2016 → 30/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Elizabeth Mary Joan Oakes	Director18/06/2021 → 2021 accounts
John Sulca	Director11/12/2017 → 2018 accounts
Sachin Mehra	Director11/12/2017 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates14/07/2026
Renouvellement du mandat du commissaire
PDF
Mandates08/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates08/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates30/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates22/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/06/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DIVERS
PDF
Mandates03/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/06/2024
DEMISSIONS, NOMINATIONS
PDF

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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

Filings8 filings

Mandates

Luis Alvarez

Patricia Decuypere

Marc Friedman

Henri Dewaerheijd

Elizabeth Mary Joan Oakes

John Sulca

Sachin Mehra

James Humes

James Hume

John Conoley

Maximiliano Mamondez

Paolo Montessori

Show the 4 other mandates

201420152016201720182019202020212022202320242025202620272028

Mastercard Transaction Services (Europe)HomeSend

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Chaussée de Tervuren 198A, 1410 WaterlooCurrent		CBE
Chaussée de Tervuren 198 bte A, 1410 Waterloo	accounts 2022	Accounts 2022 · 2023-00218438
Rue Des Colonies 56 bte -, 1000 Brussels	accounts 2021	Accounts 2021 · 2022-20041235

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Mastercard Transaction Services (Europe)Current	accounts 2022	Accounts 2022 · 2023-00218438
HomeSend	accounts 2014 → 2021	Accounts 2021 · 2022-20041235

Events

31/03/2026
nominationElke Celis · direction effective (en ce compris la gestion journalière)
14/05/2024
nominationDena Marie Devaney · administrateur
29/12/2023
augmentation_capital
06/07/2023
nominationDaphné Remy · membre du comité de direction (Management Committee)
30/06/2023
reconductionPwC Réviseurs d'Entreprises SRL · commissaire-réviseur
03/05/2023
nominationThibaut Grégoire · administrateur
03/05/2023
nominationRakesh Yadav · administrateur
2022
Annual accounts 2022-14,7 M €↓
2022
Name changeMastercard Transaction Services (Europe)
22/12/2022
augmentation_capital
22/12/2022
apport
22/12/2022
apport
20/12/2022
nominationAndre Sousa · membre du management committee
20/12/2022
nominationPatricia Decuypere · administrateur
20/12/2022
nominationLuis Alvarez · administrateur
02/11/2022
nominationKathleen Verlinden · commissaire
2021
Annual accounts 2021-11,2 M €↑
2020
Annual accounts 2020-13,1 M €↓
2019
Annual accounts 2019-11,5 M €↓
2018
Annual accounts 2018-10,7 M €↓
2017
Annual accounts 2017-9 M €↓
2016
Annual accounts 2016-8,3 M €↓
2014
Annual accounts 2014-4,5 M €
03/04/2014
IncorporationPublic limited company

Mastercard Transaction Services (Europe)

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