ACTIVE

MASTER REEF

Financial year 2025 · Closed on 31/12/2025

Net result5,4 k €-89,5 %over 1 year

Gross margin17,1 k €-79,4 %over 1 year

Equity60,8 k €+9,7 %over 1 year

Identity

Source · BCE/KBO

MASTER REEF is a Private limited company incorporated in 2010. Its main activity is: Office administrative and support activities. Its registered office is in Courcelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0831.819.045
Incorporation: 13/12/2010
Legal form: Private limited company
Registered office: Rue de Piéton(TR) 72
6183 Courcelles · Wallonie
Contributed capital: 2 060,00 €
Latest accounts: 31/12/2025

Activities (NACE)

82100Office administrative and support activities· main 82110Combined office administrative service activities 66120Security and commodity contracts brokerage 66129Security and commodity contracts brokerage 68100Buying and selling of own real estate 68110Buying and selling of own real estate+2

Joint committees (2)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 15 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	17,1 k €	-79.4%	82,8 k €	-30.9%	119,8 k €	+94.0%	61,7 k €	-9.7%	68,3 k €
EBITDA	16,7 k €	-79.7%	82,3 k €	-31.0%	119,2 k €	+9248%	1,3 k €	-90.9%	14,1 k €
Operating result	16,4 k €	-80.0%	82 k €	-31.1%	119 k €	+33475%	354,4 €	-97.3%	13,2 k €
Net result	5,4 k €	-89.5%	50,9 k €	-39.7%	84,4 k €	+1778%	-5 k €	-197%	5,2 k €
Balance sheet
Equity	60,8 k €	+9.7%	55,5 k €	+424%	10,6 k €	-5.2%	11,2 k €	-31.0%	16,2 k €
Total assets	94 k €	-42.4%	163,2 k €	+43.8%	113,5 k €	+66.5%	68,2 k €	-31.7%	99,8 k €
Cash	35 k €	-50.3%	70,5 k €	-19.5%	87,6 k €	+79.0%	48,9 k €	-27.6%	67,6 k €
Debts	33,2 k €	-69.2%	107,7 k €	+4.7%	102,9 k €	+80.6%	57 k €	-31.9%	83,6 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bruno CRASSINIS	DirectorManager2021 accountsended

Other companies at this address

Rue de Piéton(TR) 72 6183 Courcelles

Company	CBE no.
J&K GROUP● Active	1015.296.822

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	14/07/2026	22/08/2025	01/07/2024	27/06/2023	17/06/2022	27/08/2021
General meeting	17/06/2026	18/06/2025	19/06/2024	21/06/2023	15/06/2022	16/06/2021
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, 15 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	17/06/2026	14/07/2026	French	PDF
Micro model	31/12/2024	18/06/2025	22/08/2025	French	PDF
Micro model	31/12/2023	19/06/2024	01/07/2024	French	PDF
Micro model	31/12/2022	21/06/2023	27/06/2023	French	PDF
Micro model	31/12/2021	15/06/2022	17/06/2022	French	PDF
Micro model	31/12/2020	16/06/2021	27/08/2021	French	PDF
Micro model	31/12/2019	17/06/2020	07/07/2020	French	PDF
Micro model	31/12/2018	19/06/2019	28/08/2019	French	PDF
Micro model	31/12/2017	20/06/2018	27/06/2018	French	PDF
Micro model	31/12/2016	21/06/2017	26/06/2017	French	PDF
Abridged model	31/12/2015	15/06/2016	23/08/2016	French	PDF
Abridged model	31/12/2014	17/06/2015	06/07/2015	French	PDF
Abridged model	31/12/2013	18/06/2014	01/07/2014	French	PDF
Abridged model	31/12/2012	19/06/2013	21/06/2013	French	PDF
Abridged model	31/12/2011	20/06/2012	20/06/2012	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bruno CRASSINIS	DirectorManager2021 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office13/10/2026
SIEGE, ADRESSE AUTRE QUE SIEGE
PDF
Mandates18/03/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates20/07/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office27/09/2013
Transfert du siège social
PDF
Other22/12/2010
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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

Filings15 filings

Mandates

BRUNO CRASSINIS

20102011201220132014201520162017201820192020202120222023202420252026

MASTER REEF

Rue La Rue 74, 4357 Donceel

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de Piéton(TR) 72, 6183 TrazégniesCurrent	CBE since 10/10/2026	CBE
Rue La Rue 74, 4357 Donceel	CBE until 10/10/2026	CBE
Rue La Rue 74, 4357 Donceel	accounts 2021 → 2025	Accounts 2025 · 2026-00296985

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
MASTER REEFCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00296985

Events

2025
Annual accounts 20255,4 k €↓
2024
Annual accounts 202450,9 k €↓
2023
Annual accounts 202384,4 k €↑
2022
Annual accounts 2022-5 k €↓
2021
Annual accounts 20215,2 k €↑
2020
Annual accounts 20204,5 k €↓
2019
Annual accounts 201923,3 k €↑
2018
Annual accounts 20181,8 k €↓
2017
Annual accounts 20178,8 k €↓
2016
Annual accounts 201612,7 k €↓
2015
Annual accounts 201513,2 k €↓
2014
Annual accounts 201420 k €↓
2013
Annual accounts 201336,6 k €↑
2012
Annual accounts 201231,1 k €↓
2011
Annual accounts 201135 k €
13/12/2010
IncorporationPrivate limited company

MASTER REEF

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