ACTIVE

Payroll Masters

Financial year 2025 · closed on 31/12/2025
Net result
-8,5 k €
-114.9% YoY
Gross margin
741,7 k €
-1.7% YoY
Equity
84,1 k €
-9.2% YoY

What does Payroll Masters do?

Payroll Masters is a Private limited company incorporated in 2023. Its main activity is: Management consultancy activities. Its registered office is in Westerlo.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0797.364.645
Incorporation
19/01/2023
Legal form
Private limited company
Registered office
Olenseweg 375
2260 Westerlo · FlandreSee on map
Contributed capital
2 000,00 €
Latest accounts
31/12/2025
Signals
Good liquidityPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Gross margin741,7 k €754,6 k €203,4 k €
EBITDA25,2 k €95,3 k €45,2 k €
Operating result21,5 k €92,3 k €44,1 k €
Net result-8,5 k €57,3 k €33,4 k €
Balance sheet
Equity84,1 k €92,7 k €35,4 k €
Total assets312,9 k €302,8 k €121,6 k €
Cash28,1 k €93,3 k €29,4 k €
Debts228,7 k €210,2 k €86,2 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

DE MENS CENTRAAL

Director · since 19 janvier 2023 · 0677.831.347

Represented by Veerle Van de Paer

Active
Ilse Demarbaix

Director · since 19 janvier 2023 · 0795.783.842

Represented by Ilse Demarbaix

Active

Ended mandates

DE MENS CENTRAAL

Director · 0677.831.347

Represented by Veerle Van de Paer

Ended
Ilse Demarbaix

Director · 0795.783.842

Represented by Ilse DEMARBAIX

Ended
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Annual accounts

Full financial information

202520242023
Type of accountMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202419/01/2023
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months12 months
Filing date08/06/202625/06/202530/09/2024
General meeting31/05/202631/05/202531/05/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202531/05/202608/06/2026DutchPDF
Micro model31/12/202431/05/202525/06/2025DutchPDF
Micro model31/12/202331/05/202430/09/2024DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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.

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 · 2 active · 2 ended

Active mandates

DE MENS CENTRAAL

Director · since 19 janvier 2023 · 0677.831.347

Represented by Veerle Van de Paer

Active
Ilse Demarbaix

Director · since 19 janvier 2023 · 0795.783.842

Represented by Ilse Demarbaix

Active

Ended mandates

DE MENS CENTRAAL

Director · 0677.831.347

Represented by Veerle Van de Paer

Ended
Ilse Demarbaix

Director · 0795.783.842

Represented by Ilse DEMARBAIX

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office09/09/2026
    ZETEL
    PDF
  • Other23/01/2023
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025-8,5 k €
  2. 2024
    Annual accounts 202457,3 k €
  3. 2023
    Annual accounts 202333,4 k €
  4. 19/01/2023
    IncorporationPrivate limited company