ACTIVE

MAS A.G.

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Financial year 2025 · closed on 31/12/2025
Net result
17,8 M €
-47.6% YoY
Gross margin
3,5 M €
-4.1% YoY
Equity
29,6 M €
+76.3% YoY

What does MAS A.G. do?

MAS A.G. is a Public limited company incorporated in 2009. Its main activity is: Manufacture of pharmaceutical preparations. Its registered office is in Sankt Vith.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0818.817.283
Incorporation
21/09/2009
Legal form
Public limited company
Registered office
Stechelsberg,Hünningen 13
4780 Sankt Vith · WallonieSee on map
Contributed capital
63 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
21209Manufacture of pharmaceutical preparations· main21209Manufacture of pharmaceutical preparations47740Retail sale of medical and orthopaedic goods in specialised stores47741Retail sale of medical and orthopaedic goods in specialised stores74909Other professional, scientific and technical activities n.e.c.74999Other professional, scientific and technical activities n.e.c.
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin3,5 M €3,6 M €3,3 M €3,4 M €3,2 M €3,4 M €2,9 M €2,7 M €2,7 M €2,4 M €2,2 M €1,8 M €1,6 M €2,2 M €1,8 M €2,6 M €
EBITDA3,5 M €3,6 M €3,3 M €3,4 M €3,1 M €-618,2 k €2,9 M €2,7 M €2,7 M €2,4 M €2,2 M €1,8 M €1,6 M €2,2 M €1,8 M €2,6 M €
Operating result3,5 M €3,6 M €3,3 M €3,4 M €3,1 M €-618,2 k €2,9 M €2,7 M €2,7 M €2,4 M €2,2 M €1,8 M €1,6 M €2,2 M €1,8 M €2,6 M €
Net result17,8 M €34 M €2,9 M €3,1 M €12,1 M €-981,5 k €1,7 M €1,7 M €9,1 M €1,6 M €1,6 M €881,6 k €16,8 M €1,9 M €1,7 M €1,9 M €
Balance sheet
Equity29,6 M €16,8 M €57,8 M €55 M €51,9 M €38 M €38,9 M €37,2 M €35,5 M €26,4 M €24,8 M €23,2 M €22,3 M €5,5 M €3,6 M €2 M €
Total assets34,7 M €47,2 M €58,3 M €55,1 M €52,1 M €38,2 M €39 M €37,2 M €35,5 M €30,6 M €30,3 M €31,5 M €35,4 M €5,6 M €3,6 M €2 M €
Cash3,9 M €18 M €20,6 M €29,9 M €28,7 M €14,6 M €7,9 M €7 M €4,6 M €74,9 k €28,5 k €563,8 k €757 k €3,8 M €3 M €1,6 M €
Debts5,1 M €30,4 M €482,1 k €190,1 k €249,7 k €256,2 k €56,9 k €205,7 €375,1 €4,1 M €5,4 M €8,2 M €13 M €134 k €1,8 k €25,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 4 ended

Active mandates

André Nikolaus SCHMITZ

Managing director

Active
Anneliese Paula MICHAELIS

Director

Active
Raimund Peter SCHMITZ

Chairman of the board of directors

Active
Stephan Peter SCHMITZ

Managing director

Active

Ended mandates

André Nikolaus SCHMITZ

Managing director · since 21 septembre 2009

Ended
Stephan Peter SCHMITZ

Managing director · since 21 septembre 2009

Ended
Myriam SCHMITZ

Managing director · until 24 juin 2020

Ended
Myriam SCHMITZ

Managing director

Ended
At this address

Other companies at this address

CompanyCBE no.
JACQAU● Active
1037.448.850
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date21/08/202627/08/202525/09/202425/08/202331/08/202201/03/2022
General meeting24/06/202625/06/202526/06/202428/06/202322/06/202215/12/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202524/06/202621/08/2026GermanPDF
Abridged model31/12/202425/06/202527/08/2025GermanPDF
Abridged model31/12/202326/06/202425/09/2024GermanPDF
Abridged model31/12/202228/06/202325/08/2023GermanPDF
Abridged model31/12/202122/06/202231/08/2022GermanPDF
Abridged modelCorrection31/12/202015/12/202101/03/2022GermanPDF
Abridged model31/12/202023/06/202125/08/2021GermanPDF
Abridged model31/12/201924/06/202031/08/2020GermanPDF
Abridged model31/12/201826/06/201926/08/2019GermanPDF
Abridged model31/12/201727/06/201824/08/2018GermanPDF
Abridged model31/12/201628/06/201729/08/2017GermanPDF
Abridged model31/12/201522/06/201631/08/2016GermanPDF
Abridged model31/12/201424/06/201528/08/2015GermanPDF
Abridged model31/12/201325/06/201430/12/2014GermanPDF
Abridged model31/12/201226/06/201328/11/2013GermanPDF
Abridged model31/12/201127/06/201222/11/2012GermanPDF
Abridged model31/12/201022/06/201130/08/2011GermanPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2025 · 4 active · 4 ended

Active mandates

André Nikolaus SCHMITZ

Managing director

Active
Anneliese Paula MICHAELIS

Director

Active
Raimund Peter SCHMITZ

Chairman of the board of directors

Active
Stephan Peter SCHMITZ

Managing director

Active

Ended mandates

André Nikolaus SCHMITZ

Managing director · since 21 septembre 2009

Ended
Stephan Peter SCHMITZ

Managing director · since 21 septembre 2009

Ended
Myriam SCHMITZ

Managing director · until 24 juin 2020

Ended
Myriam SCHMITZ

Managing director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other22/12/2021
    SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, …)
    PDF
  • Mandates02/07/2021
    ENTLASSUNG - ERNENNUNG
    PDF
  • Registered office02/01/2013
    GESELLSCHAFTSSITZ
    PDF
  • Other02/10/2009
    RUBRIK GRUENDUNG (NEUE RECHTSPERSON, EROEFFNUNG FILIALE, USW)
    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 202517,8 M €↓
  2. 2024
    Annual accounts 202434 M €↑
  3. 2023
    Annual accounts 20232,9 M €↓
  4. 2022
    Annual accounts 20223,1 M €↓
  5. 2021
    Annual accounts 202112,1 M €↑
  6. 2020
    Annual accounts 2020-981,5 k €↓
  7. 2019
    Annual accounts 20191,7 M €↑
  8. 2018
    Annual accounts 20181,7 M €↓
  9. 2017
    Annual accounts 20179,1 M €↑
  10. 2016
    Annual accounts 20161,6 M €↓
  11. 2015
    Annual accounts 20151,6 M €↑
  12. 2014
    Annual accounts 2014881,6 k €↓
  13. 2013
    Annual accounts 201316,8 M €↑
  14. 2012
    Annual accounts 20121,9 M €↑
  15. 2011
    Annual accounts 20111,7 M €↓
  16. 2010
    Annual accounts 20101,9 M €
  17. 21/09/2009
    IncorporationPublic limited company