ACTIVE

MASTRO

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Financial year 2025 · closed on 31/12/2025

Net result

64,7 k €

+10.4% YoY

Gross margin

121 k €

-14.1% YoY

Equity

284,6 k €

+29.4% YoY

What does MASTRO do?

MASTRO is a Private limited company incorporated in 2011. Its main activity is: Non-life insurance. Its registered office is in La Louvière.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0835.858.502

Incorporation

28/04/2011

Legal form

Private limited company

Registered office

Rue du Feureu(PIE) 21
7100 La Louvière · WallonieSee on map

Contributed capital

6 800,00 €

Latest accounts

31/12/2025

Activities (NACE)

65122Non-life insurance· main

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	121 k €	-14.1%	140,8 k €	+3.2%	136,4 k €	+8.5%	125,7 k €	-8.6%	137,5 k €	+46.2%	94,1 k €	+4.5%	90,1 k €	+3.1%	87,3 k €	+23.9%	70,5 k €	+27.6%	55,3 k €	+5.4%	52,4 k €	-0.8%	52,9 k €	+45.1%	36,4 k €	-31.8%	53,4 k €	+109%	25,5 k €
EBITDA	97,3 k €	+2.2%	95,2 k €	+6.2%	89,6 k €	+8.0%	83 k €	-13.7%	96,2 k €	+49.5%	64,3 k €	+81.6%	35,4 k €	-37.0%	56,2 k €	-17.0%	67,8 k €	+27.7%	53,1 k €	+24.8%	42,5 k €	+32.4%	32,1 k €	+2.9%	31,2 k €	-40.8%	52,7 k €	+119%	24 k €
Operating result	90,1 k €	+7.1%	84,1 k €	+7.0%	78,6 k €	+21.9%	64,5 k €	-12.7%	73,9 k €	+177%	26,7 k €	+400%	5,3 k €	-83.0%	31,4 k €	-19.0%	38,8 k €	+44.8%	26,8 k €	+63.7%	16,4 k €	+492%	2,8 k €	-77.0%	12 k €	-64.4%	33,7 k €	+177%	12,2 k €
Net result	64,7 k €	+10.4%	58,6 k €	+6.2%	55,2 k €	+36.2%	40,5 k €	-14.0%	47,1 k €	+251%	13,4 k €	+7946%	166,8 €	-99.1%	17,9 k €	-8.0%	19,4 k €	+40.2%	13,8 k €	+38.1%	10 k €	+467%	-2,7 k €	-167%	4,1 k €	-79.6%	19,9 k €	+211%	6,4 k €
Balance sheet
Equity	284,6 k €	+29.4%	219,9 k €	+4.1%	211,3 k €	+22.5%	172,6 k €	+14.2%	151,1 k €	+45.3%	104 k €	+14.8%	90,6 k €	+0.2%	90,5 k €	+24.6%	72,6 k €	+36.5%	53,2 k €	+35.1%	39,4 k €	+34.1%	29,4 k €	-8.5%	32,1 k €	+14.5%	28 k €	+113%	13,2 k €
Total assets	415,9 k €	+9.9%	378,4 k €	+10.7%	341,8 k €	+6.5%	320,8 k €	+6.4%	301,7 k €	+12.2%	269 k €	-8.2%	292,9 k €	+51.4%	193,4 k €	+13.5%	170,3 k €	+8.0%	157,8 k €	-6.2%	168,2 k €	-8.0%	182,8 k €	+14.1%	160,2 k €	-15.2%	189 k €	+0.7%	187,7 k €
Cash	204,3 k €	-13.3%	235,6 k €	+16.4%	202,3 k €	+15.4%	175,3 k €	+18.7%	147,7 k €	+67.3%	88,3 k €	+29.4%	68,2 k €	-41.0%	115,6 k €	+40.2%	82,4 k €	+52.4%	54,1 k €	+39.4%	38,8 k €	+124%	17,4 k €	-25.6%	23,3 k €	-31.5%	34 k €	+104%	16,7 k €
Debts	131,3 k €	-17.2%	158,5 k €	+21.5%	130,5 k €	-12.0%	148,3 k €	-1.5%	150,5 k €	-8.7%	164,9 k €	-18.5%	202,3 k €	+96.5%	102,9 k €	+5.3%	97,7 k €	-6.5%	104,6 k €	-18.8%	128,8 k €	-16.0%	153,4 k €	+24.0%	123,7 k €	-21.3%	157,2 k €	-7.8%	170,5 k €
Other
Workforce	–		1,0 ETP		–		–		2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+42.9%	1,4 ETP		0,0 ETP		0,0 ETP	-100%	0,4 ETP	-55.6%	0,9 ETP	+80.0%	0,5 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

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

Active mandates

GIUSEPPE MASTROBERTI

Manager

Active

MD Services

Mandate · 1015.094.904

Represented by DAMIANO MASTROBERTI

Active

At this address

Other companies at this address

Company	CBE no.
MASTRO GROUP● Active	1031.716.843
MD Services● Active	1015.094.904

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro 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	29/06/2026	06/06/2025	27/06/2024	08/06/2023	29/07/2022	28/07/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	29/06/2026	French	PDF
Abridged model	31/12/2024	30/05/2025	06/06/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	27/06/2024	French	PDF
Micro model	31/12/2022	26/05/2023	08/06/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	29/07/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	28/07/2021	French	PDF
Abridged model	31/12/2019	29/05/2020	19/08/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	30/07/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	24/08/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	22/08/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	05/08/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	24/08/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	30/08/2012	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active

Active mandates

GIUSEPPE MASTROBERTI

Manager

Active

MD Services

Mandate · 1015.094.904

Represented by DAMIANO MASTROBERTI

Active

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/10/2025
Nomination d’un administrateur délégué
PDF
Mandates25/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Registered office18/09/2012
SIEGE SOCIAL
PDF
Other02/05/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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

2025
Annual accounts 202564,7 k €↑
2024
Annual accounts 202458,6 k €↑
2023
Annual accounts 202355,2 k €↑
2022
Annual accounts 202240,5 k €↓
2021
Annual accounts 202147,1 k €↑
2020
Annual accounts 202013,4 k €↑
2019
Annual accounts 2019166,8 €↓
2018
Annual accounts 201817,9 k €↓
2017
Annual accounts 201719,4 k €↑
2016
Annual accounts 201613,8 k €↑
2015
Annual accounts 201510 k €↑
2014
Annual accounts 2014-2,7 k €↓
2013
Annual accounts 20134,1 k €↓
2012
Annual accounts 201219,9 k €↑
2011
Annual accounts 20116,4 k €
28/04/2011
IncorporationPrivate limited company

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

MASTRO

Overview

What does MASTRO do?

Trend over 15 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