ACTIVE

Mastercard Transaction Services (Europe)

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Financial year 2022 · closed on 31/12/2022

Net result

-14,7 M €

-31.2% YoY

Revenue

12,6 M €

+48.4% YoY

Equity

16,2 M €

+2.0% YoY

Workforce

64,0 ETP

+3.2% YoY

What does Mastercard Transaction Services (Europe) do?

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

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2022		2021		2020		2019		2018		2017		2016		2014
Income statement
Revenue	12,6 M €	+48.4%	8,5 M €	+16.2%	7,3 M €	+71.8%	4,2 M €	-14.6%	5,0 M €	-26.2%	6,7 M €	+58.9%	4,2 M €	+357%	927,7 k €
EBITDA	-11,7 M €	-8.3%	-10,8 M €	-14.2%	-9,5 M €	+8.3%	-10,3 M €	-22.6%	-8,4 M €	-30.7%	-6,4 M €	-6.3%	-6,1 M €	-116%	-2,8 M €
Operating result	-14,0 M €	-23.2%	-11,4 M €	-18.4%	-9,6 M €	+14.7%	-11,2 M €	-6.8%	-10,5 M €	-22.7%	-8,6 M €	-3.5%	-8,3 M €	-87.0%	-4,4 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 €	-18.8%	-9,0 M €	-7.7%	-8,3 M €	-87.4%	-4,5 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 €	-46.2%	9,8 M €	+9.8%	8,9 M €	-44.3%	16,1 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 €	-22.7%	23,1 M €	+34.5%	17,1 M €	-6.6%	18,3 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 €	-34.7%	18,5 M €	+58.5%	11,7 M €	+37.7%	8,5 M €
Debts	77,0 M €	+34.9%	57,1 M €	+32.2%	43,2 M €	+92.8%	22,4 M €	+82.2%	12,3 M €	-7.1%	13,2 M €	+61.9%	8,2 M €	+259%	2,3 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	+5.6%	35,8 ETP	+15.9%	30,9 ETP	+99.4%	15,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2022 · 4 active · 25 ended

Active mandates

Luis Alvarez

Director · since 20 décembre 2022 · until 30 juin 2028

Active

Patricia Decuypere

Director · since 20 décembre 2022 · until 30 juin 2028

Active

Marc Friedman

Director · since 04 janvier 2019 · until 30 juin 2028

Active

Henri Dewaerheijd

Director · since 12 juillet 2016 · until 30 juin 2028

Active

Ended mandates

Elizabeth Mary Joan Oakes

Director · since 18 juin 2021 · until 02 avril 2026

Ended

Marc Friedman

Director · since 04 janvier 2019 · until 02 avril 2020

Ended

Marc Friedman

Director · since 04 janvier 2019 · until 02 avril 2026

Ended

John Sulca

Director · since 11 décembre 2017 · until 02 avril 2020

Ended

At this address

Other companies at this address

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

Annual accounts

Full financial information

	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

Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

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

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2022 · 4 active · 25 ended

Active mandates

Luis Alvarez

Director · since 20 décembre 2022 · until 30 juin 2028

Active

Patricia Decuypere

Director · since 20 décembre 2022 · until 30 juin 2028

Active

Marc Friedman

Director · since 04 janvier 2019 · until 30 juin 2028

Active

Henri Dewaerheijd

Director · since 12 juillet 2016 · until 30 juin 2028

Active

Ended mandates

Elizabeth Mary Joan Oakes

Director · since 18 juin 2021 · until 02 avril 2026

Ended

Marc Friedman

Director · since 04 janvier 2019 · until 02 avril 2020

Ended

Marc Friedman

Director · since 04 janvier 2019 · until 02 avril 2026

Ended

John Sulca

Director · since 11 décembre 2017 · until 02 avril 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

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
Capital / shares28/03/2024
CAPITAL, ACTIONS
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

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 €↓
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
2022
Name changeMastercard Transaction Services (Europe)
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 2017-9,0 M €↓
2016
Annual accounts 2016-8,3 M €↓
2014
Annual accounts 2014-4,5 M €
03/04/2014
IncorporationPublic limited company
2014
Name changeHomeSend

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

Mastercard Transaction Services (Europe)

Overview

What does Mastercard Transaction Services (Europe) do?

Trend over 8 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