ACTIVE

MAST & CO

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Financial year 2025 · closed on 31/12/2025

Net result

115 k €

-1.1% YoY

Gross margin

181,4 k €

-1.2% YoY

Equity

817,5 k €

+16.4% YoY

What does MAST & CO do?

MAST & CO is a Private limited company incorporated in 2011. Its main activity is: Dispensing chemist in specialised stores. Its registered office is in Merchtem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0839.457.596

Incorporation

20/09/2011

Legal form

Private limited company

Registered office

Nieuwelaan 1
1785 Merchtem · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

47730Dispensing chemist in specialised stores· main 47730Dispensing chemist in specialised stores

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	181,4 k €	-1.2%	183,6 k €	-11.9%	208,5 k €	-1.1%	210,8 k €	+91.5%	110 k €	-0.1%	110,2 k €	+0.1%	110,1 k €	+0.1%	109,9 k €	+0.0%	109,9 k €	+0.6%	109,2 k €	+0.1%	109,1 k €	+95.0%	56 k €	+2149%	2,5 k €	+193%	-2,7 k €
EBITDA	181,1 k €	-1.3%	183,5 k €	-11.8%	208,1 k €	-1.2%	210,7 k €	+91.6%	110 k €	-0.1%	110,1 k €	+4.6%	105,2 k €	-4.2%	109,9 k €	+0.0%	109,9 k €	+0.7%	109,1 k €	+0.1%	109 k €	+95.3%	55,8 k €	+2265%	2,4 k €	+179%	-3 k €
Operating result	181,1 k €	-1.3%	183,5 k €	-11.8%	208,1 k €	-1.2%	210,7 k €	+91.6%	110 k €	-0.1%	110,1 k €	+4.6%	105,2 k €	-4.2%	109,9 k €	+0.0%	109,9 k €	+0.7%	109,1 k €	+3.8%	105,1 k €	+102%	51,9 k €	+3518%	-1,5 k €	+77.9%	-6,9 k €
Net result	115 k €	-1.1%	116,3 k €	-16.1%	138,6 k €	+0.4%	138 k €	+102%	68,3 k €	+3.1%	66,2 k €	+6.7%	62,1 k €	-2.3%	63,6 k €	+16.1%	54,8 k €	+6.0%	51,7 k €	+9.5%	47,2 k €	+66.6%	28,3 k €	+1330%	-2,3 k €	+69.1%	-7,5 k €
Balance sheet
Equity	817,5 k €	+16.4%	702,4 k €	+19.8%	586,2 k €	+17.8%	497,5 k €	+13.5%	438,5 k €	+18.4%	370,3 k €	+21.8%	304 k €	+25.7%	241,9 k €	+35.7%	178,4 k €	+44.3%	123,6 k €	+71.8%	71,9 k €	+190%	24,8 k €	+796%	-3,6 k €	-184%	-1,3 k €
Total assets	1,4 M €	-2.5%	1,4 M €	+2.5%	1,4 M €	-0.0%	1,4 M €	-2.9%	1,4 M €	+0.1%	1,4 M €	+2.0%	1,4 M €	+0.9%	1,4 M €	+0.3%	1,4 M €	-0.0%	1,4 M €	+0.7%	1,4 M €	+3.9%	1,3 M €	+10622%	12,1 k €	-31.2%	17,6 k €
Cash	12,1 k €	-53.8%	26,2 k €	+90.0%	13,8 k €	-3.0%	14,2 k €	-74.0%	54,7 k €	+1.6%	53,8 k €	+104%	26,4 k €	+214%	8,4 k €	+67.2%	5 k €	-4.8%	5,3 k €	+493%	892 €	-89.5%	8,5 k €	+56640%	15 €	-98.7%	1,1 k €
Debts	540,8 k €	-21.4%	688,1 k €	-11.5%	777,2 k €	-10.3%	866,6 k €	-10.3%	966,2 k €	-6.5%	1 M €	-3.6%	1,1 M €	-4.4%	1,1 M €	-5.0%	1,2 M €	-4.5%	1,2 M €	-3.3%	1,3 M €	+0.2%	1,3 M €	+8514%	14,8 k €	-21.6%	18,9 k €

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 · 1 active · 2 ended

Active mandates

Lies De Coster

Director · since 20 septembre 2011

Active

Ended mandates

Lies De Coster

Director

Ended

Lies De Coster

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
APOTHEEK MAST● Active	0465.145.979

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Abridged 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	27/08/2026	12/08/2025	21/08/2024	27/07/2023	22/08/2022	23/08/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	27/08/2026	Dutch	PDF
Micro model	31/12/2024	02/06/2025	12/08/2025	Dutch	PDF
Micro model	31/12/2023	03/06/2024	21/08/2024	Dutch	PDF
Micro model	31/12/2022	05/06/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	22/08/2022	Dutch	PDF
Micro model	31/12/2020	07/06/2021	23/08/2021	Dutch	PDF
Micro model	31/12/2019	02/06/2020	17/08/2020	Dutch	PDF
Micro model	31/12/2018	03/06/2019	20/08/2019	Dutch	PDF
Micro model	31/12/2017	04/06/2018	22/08/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	23/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	27/07/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	27/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	28/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	26/07/2013	Dutch	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 · 1 active · 2 ended

Active mandates

Lies De Coster

Director · since 20 septembre 2011

Active

Ended mandates

Lies De Coster

Director

Ended

Lies De Coster

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/12/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other22/09/2011
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

2025
Annual accounts 2025115 k €↓
2024
Annual accounts 2024116,3 k €↓
2023
Annual accounts 2023138,6 k €↑
2022
Annual accounts 2022138 k €↑
2021
Annual accounts 202168,3 k €↑
2020
Annual accounts 202066,2 k €↑
2019
Annual accounts 201962,1 k €↓
2018
Annual accounts 201863,6 k €↑
2017
Annual accounts 201754,8 k €↑
2016
Annual accounts 201651,7 k €↑
2015
Annual accounts 201547,2 k €↑
2014
Annual accounts 201428,3 k €↑
2013
Annual accounts 2013-2,3 k €↑
2012
Annual accounts 2012-7,5 k €
20/09/2011
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

MAST & CO

Overview

What does MAST & CO do?

Trend over 14 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