ACTIVE

MAJSTER

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Financial year 2024 · closed on 31/12/2024

Net result

1,2 k €

-78.0% YoY

Gross margin

14 k €

-24.3% YoY

Equity

70,5 k €

+1.7% YoY

What does MAJSTER do?

MAJSTER is a Private company with limited liability incorporated in 2004. Its main activity is: Construction of buildings. Its registered office is in Herzele.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.177.831

Incorporation

06/07/2004

Legal form

Private company with limited liability

Registered office

Arestraat 88
9550 Herzele · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	14 k €	-24.3%	18,5 k €	-49.9%	36,8 k €	+216%	11,6 k €	+955%	-1,4 k €	-108%	17,1 k €	+134%	7,3 k €	+73.7%	4,2 k €	-47.7%	8,1 k €	-28.9%	11,3 k €	-30.9%	16,4 k €	-59.1%	40,1 k €	+123%	18 k €	+176%	6,5 k €	-41.1%	11,1 k €	+73.0%	6,4 k €	-52.4%	13,4 k €	+73.4%	7,8 k €	-46.5%	14,5 k €
EBITDA	12,5 k €	-29.0%	17,6 k €	-51.2%	36,2 k €	+277%	9,6 k €	+584%	-2 k €	-112%	16,1 k €	+155%	6,3 k €	+90.0%	3,3 k €	-53.7%	7,2 k €	-31.8%	10,6 k €	+448%	-3 k €	-108%	39,5 k €	+128%	17,4 k €	+194%	5,9 k €	-43.6%	10,5 k €	+82.3%	5,7 k €	-55.1%	12,8 k €	+81.5%	7 k €	-8.8%	7,7 k €
Operating result	7 k €	-40.8%	11,8 k €	-61.2%	30,5 k €	+609%	4,3 k €	+308%	-2,1 k €	-115%	13,7 k €	+249%	3,9 k €	+18.2%	3,3 k €	-49.7%	6,6 k €	-32.2%	9,8 k €	+379%	-3,5 k €	-109%	39,3 k €	+129%	17,2 k €	+387%	3,5 k €	-42.7%	6,2 k €	+617%	859,8 €	-89.2%	8 k €	+258%	2,2 k €	-54.7%	4,9 k €
Net result	1,2 k €	-78.0%	5,3 k €	-76.0%	22,1 k €	+3602%	-630,6 €	+80.9%	-3,3 k €	-138%	8,8 k €	+1176%	689,1 €	+112%	-5,8 k €	-352%	2,3 k €	-52.7%	4,8 k €	+112%	-40 k €	-249%	26,8 k €	+152%	10,6 k €	+219%	3,3 k €	-22.1%	4,3 k €	+896%	-536,1 €	-111%	5,1 k €	+429%	961,9 €	-77.4%	4,3 k €
Balance sheet
Equity	70,5 k €	+1.7%	69,4 k €	+8.3%	64,1 k €	+52.6%	42 k €	-1.5%	42,6 k €	-7.2%	45,9 k €	+23.7%	37,1 k €	+1.9%	36,4 k €	-13.7%	42,2 k €	+5.7%	39,9 k €	+13.8%	35,1 k €	-53.3%	75,1 k €	+55.4%	48,3 k €	+28.1%	37,7 k €	+9.7%	34,4 k €	+14.2%	30,1 k €	-1.7%	30,6 k €	+19.9%	25,6 k €	+3.9%	24,6 k €
Total assets	145 k €	+15.7%	125,3 k €	-52.0%	261 k €	+2.1%	255,7 k €	+12.9%	226,5 k €	+22.4%	185 k €	-6.5%	197,9 k €	+2.7%	192,6 k €	-8.9%	211,5 k €	+7.9%	196 k €	+14.3%	171,5 k €	+7.5%	159,6 k €	+21.4%	131,5 k €	-18.0%	160,3 k €	+33.1%	120,4 k €	+6.7%	112,9 k €	+18.6%	95,2 k €	+27.6%	74,6 k €	+13.2%	65,9 k €
Cash	–		–		434,4 €	-89.8%	4,2 k €	+856%	444,4 €	+27.0%	350 €	-77.3%	1,5 k €	+340%	350 €	0.0%	350 €	-89.2%	3,2 k €	+822%	350 €	-97.0%	11,6 k €		–		–		–		–		–		–		1,7 k €
Debts	74,5 k €	+33.0%	56 k €	-71.6%	196,9 k €	-7.8%	213,7 k €	+16.2%	183,9 k €	+32.2%	139 k €	-13.5%	160,8 k €	+2.9%	156,2 k €	-7.8%	169,3 k €	+8.5%	156,1 k €	+14.4%	136,5 k €	+61.4%	84,5 k €	+1.6%	83,2 k €	-32.2%	122,6 k €	+42.5%	86,1 k €	+4.6%	82,3 k €	+27.6%	64,5 k €	+31.5%	49,1 k €	+18.8%	41,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 2 ended

Active mandates

Martin Margull

Director · since 30 juin 2004

Active

Leszek Wojtanowski

Associate

Active

Sebastian Ostrowski

Associate

Active

Ended mandates

Martin Margull

Director

Ended

MARTIN MARGULL

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
SKY EUROPE● Active	0472.379.706

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/07/2025	30/08/2024	20/10/2023	30/09/2022	29/09/2021	06/10/2020
General meeting	30/06/2025	31/07/2024	31/05/2023	25/05/2022	26/05/2021	08/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	30/06/2025	23/07/2025	Dutch	PDF
Micro model	31/12/2023	31/07/2024	30/08/2024	Dutch	PDF
Micro model	31/12/2022	31/05/2023	20/10/2023	Dutch	PDF
Micro model	31/12/2021	25/05/2022	30/09/2022	Dutch	PDF
Micro model	31/12/2020	26/05/2021	29/09/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	06/10/2020	Dutch	PDF
Abridged model	31/12/2018	29/05/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/05/2018	03/07/2018	Dutch	PDF
Micro model	31/12/2016	31/05/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	25/05/2016	01/10/2016	Dutch	PDF
Abridged model	31/12/2014	27/05/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	28/05/2014	10/10/2014	Dutch	PDF
Abridged model	31/12/2012	29/05/2013	27/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/05/2012	27/08/2012	Dutch	PDF
Abridged model	31/12/2010	25/05/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	26/05/2010	15/07/2010	Dutch	PDF
Abridged model	31/12/2008	27/05/2009	20/07/2009	Dutch	PDF
Abridged model	31/12/2007	28/05/2008	18/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/05/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 2 ended

Active mandates

Martin Margull

Director · since 30 juin 2004

Active

Leszek Wojtanowski

Associate

Active

Sebastian Ostrowski

Associate

Active

Ended mandates

Martin Margull

Director

Ended

MARTIN MARGULL

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other14/07/2004
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

2024
Annual accounts 20241,2 k €↓
2023
Annual accounts 20235,3 k €↓
2022
Annual accounts 202222,1 k €↑
2021
Annual accounts 2021-630,6 €↑
2020
Annual accounts 2020-3,3 k €↓
2019
Annual accounts 20198,8 k €↑
2018
Annual accounts 2018689,1 €↑
2017
Annual accounts 2017-5,8 k €↓
2016
Annual accounts 20162,3 k €↓
2015
Annual accounts 20154,8 k €↑
2014
Annual accounts 2014-40 k €↓
2013
Annual accounts 201326,8 k €↑
2012
Annual accounts 201210,6 k €↑
2011
Annual accounts 20113,3 k €↓
2010
Annual accounts 20104,3 k €↑
2009
Annual accounts 2009-536,1 €↓
2008
Annual accounts 20085,1 k €↑
2007
Annual accounts 2007961,9 €↓
2006
Annual accounts 20064,3 k €
06/07/2004
IncorporationPrivate company with limited liability

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

MAJSTER

Overview

What does MAJSTER do?

Trend over 19 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