ACTIVE

MAS A.G.

Financial year 2025 · Closed on 31/12/2025

Net result17,8 M €-47,6 %over 1 year

Gross margin3,5 M €-4,1 %over 1 year

Equity29,6 M €+76,3 %over 1 year

Identity

Source · BCE/KBO

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· main 21209Manufacture of pharmaceutical preparations 47740Retail sale of medical and orthopaedic goods in specialised stores 47741Retail sale of medical and orthopaedic goods in specialised stores 74909Other professional, scientific and technical activities n.e.c.74999Other professional, scientific and technical activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 17 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	3,5 M €	-4.1%	3,6 M €	+8.3%	3,3 M €	-1.7%	3,4 M €	+7.7%	3,2 M €
EBITDA	3,5 M €	-4.1%	3,6 M €	+8.3%	3,3 M €	-1.5%	3,4 M €	+7.8%	3,1 M €
Operating result	3,5 M €	-4.1%	3,6 M €	+8.3%	3,3 M €	-1.5%	3,4 M €	+7.8%	3,1 M €
Net result	17,8 M €	-47.6%	34 M €	+1085%	2,9 M €	-6.3%	3,1 M €	-74.7%	12,1 M €
Balance sheet
Equity	29,6 M €	+76.3%	16,8 M €	-71.0%	57,8 M €	+5.2%	55 M €	+5.9%	51,9 M €
Total assets	34,7 M €	-26.5%	47,2 M €	-19.1%	58,3 M €	+5.7%	55,1 M €	+5.8%	52,1 M €
Cash	3,9 M €	-78.2%	18 M €	-12.6%	20,6 M €	-31.0%	29,9 M €	+4.3%	28,7 M €
Debts	5,1 M €	-83.2%	30,4 M €	+6208%	482,1 k €	+154%	190,1 k €	-23.9%	249,7 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 1 ended

Active mandates

Director	Mandates in this company	Period
André Nikolaus SCHMITZ	Managing directorsince 21/09/2009
Stephan Peter SCHMITZ	Managing directorsince 21/09/2009
Anneliese Paula MICHAELIS	Director
Raimund Peter SCHMITZ	Chairman of the board of directors

Ended mandates

Director	Mandates in this company	Period
Myriam SCHMITZ	Managing directoruntil 24/06/2020

Other companies at this address

Stechelsberg,Hünningen 13 4780 Sankt Vith

Company	CBE no.
JACQAU● Active	1037.448.850

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	21/08/2026	27/08/2025	25/09/2024	25/08/2023	31/08/2022	01/03/2022
General meeting	24/06/2026	25/06/2025	26/06/2024	28/06/2023	22/06/2022	15/12/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 17 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/06/2026	21/08/2026	German	PDF
Abridged model	31/12/2024	25/06/2025	27/08/2025	German	PDF
Abridged model	31/12/2023	26/06/2024	25/09/2024	German	PDF
Abridged model	31/12/2022	28/06/2023	25/08/2023	German	PDF
Abridged model	31/12/2021	22/06/2022	31/08/2022	German	PDF
Abridged modelCorrection	31/12/2020	15/12/2021	01/03/2022	German	PDF
Abridged model	31/12/2020	23/06/2021	25/08/2021	German	PDF
Abridged model	31/12/2019	24/06/2020	31/08/2020	German	PDF
Abridged model	31/12/2018	26/06/2019	26/08/2019	German	PDF
Abridged model	31/12/2017	27/06/2018	24/08/2018	German	PDF
Abridged model	31/12/2016	28/06/2017	29/08/2017	German	PDF
Abridged model	31/12/2015	22/06/2016	31/08/2016	German	PDF
Abridged model	31/12/2014	24/06/2015	28/08/2015	German	PDF
Abridged model	31/12/2013	25/06/2014	30/12/2014	German	PDF
Abridged model	31/12/2012	26/06/2013	28/11/2013	German	PDF
Abridged model	31/12/2011	27/06/2012	22/11/2012	German	PDF
Abridged model	31/12/2010	22/06/2011	30/08/2011	German	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 31/12/2025

4 active · 1 ended

Active mandates

Director	Mandates in this company	Period
André Nikolaus SCHMITZ	Managing directorsince 21/09/2009
Stephan Peter SCHMITZ	Managing directorsince 21/09/2009
Anneliese Paula MICHAELIS	Director
Raimund Peter SCHMITZ	Chairman of the board of directors

Ended mandates

Director	Mandates in this company	Period
Myriam SCHMITZ	Managing directoruntil 24/06/2020

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

Filings16 filings

Mandates

Raimund Peter SCHMITZ

Anneliese Paula MICHAELIS

André Nikolaus SCHMITZ

Stephan Peter SCHMITZ

Myriam SCHMITZ

200920102011201220132014201520162017201820192020202120222023202420252026

MAS

Stechelsberg,Hünningen 13, 4780 Saint-Vith

Chairman of the board of directors

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Stechelsberg,Hünningen 13, 4780 Saint-VithCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00413466

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MAS A.G.Current		CBE
MAS	accounts 2021 → 2025	Accounts 2025 · 2026-00413466

Events

2025
Annual accounts 202517,8 M €↓
2024
Annual accounts 202434 M €↑
2023
Annual accounts 20232,9 M €↓
2022
Annual accounts 20223,1 M €↓
2021
Annual accounts 202112,1 M €↑
2020
Annual accounts 2020-981,5 k €↓
2019
Annual accounts 20191,7 M €↑
2018
Annual accounts 20181,7 M €↓
2017
Annual accounts 20179,1 M €↑
2016
Annual accounts 20161,6 M €↓
2015
Annual accounts 20151,6 M €↑
2014
Annual accounts 2014881,6 k €↓
2013
Annual accounts 201316,8 M €↑
2012
Annual accounts 20121,9 M €↑
2011
Annual accounts 20111,7 M €↓
2010
Annual accounts 20101,9 M €
21/09/2009
IncorporationPublic limited company

MAS A.G.

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