ACTIVE

FIETSEN MAST

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Financial year 2025 · closed on 30/06/2025

Net result

28,2 k €

+17.7% YoY

Gross margin

251,1 k €

-1.9% YoY

Equity

1 M €

+2.8% YoY

Workforce

3,5 ETP

-7.9% YoY

What does FIETSEN MAST do?

FIETSEN MAST is a Private limited company incorporated in 2006. Its main activity is: Retail sale of music and video recordings in specialised stores. Its registered office is in Mol. It employs on average 3,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.567.339

Incorporation

11/12/2006

Legal form

Private limited company

Registered office

Milostraat 10
2400 Mol · FlandreSee on map

Contributed capital

518 600,00 €

Latest accounts

30/06/2025

Average workforce

3,5 ETP

Activities (NACE)

47632Retail sale of music and video recordings in specialised stores· main 47785Other retail sale of new goods in specialised stores 52492Warehousing and support activities for transportation 52740Warehousing and support activities for transportation 95290Repair of other personal and household goods 95290Repair of other personal and household goods

Joint committees (2)

14904
201

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	251,1 k €	-1.9%	256 k €	+17.3%	218,2 k €	-4.4%	228,3 k €	-11.4%	257,7 k €	+21.5%	212,2 k €	-13.9%	246,5 k €	+14.4%	215,5 k €	-9.3%	237,5 k €	-7.0%	255,5 k €	-6.1%	272,2 k €	+6.0%	256,7 k €	+15.1%	223 k €	+1.3%	220,2 k €	-1.3%	223 k €	+12.8%	197,8 k €	+13.2%	174,7 k €	-16.8%	210 k €
EBITDA	104,9 k €	+8.2%	96,9 k €	+7.9%	89,9 k €	+27.9%	70,3 k €	-27.0%	96,3 k €	+35.8%	70,9 k €	-24.0%	93,3 k €	-3.6%	96,8 k €	-1.7%	98,5 k €	+21.3%	81,3 k €	-18.8%	100 k €	+2.3%	97,8 k €	+13.3%	86,3 k €	-5.2%	91 k €	-6.4%	97,2 k €	-6.3%	103,8 k €	+15.9%	89,6 k €	+12.8%	79,4 k €
Operating result	51,4 k €	+11.8%	46 k €	+17.8%	39 k €	+62.8%	24 k €	-58.2%	57,4 k €	+84.2%	31,2 k €	-27.3%	42,9 k €	+1.2%	42,3 k €	-11.3%	47,7 k €	+77.4%	26,9 k €	-40.3%	45 k €	-10.7%	50,4 k €	-1.8%	51,3 k €	-24.9%	68,4 k €	+4.3%	65,6 k €	-5.9%	69,6 k €	+11.0%	62,7 k €	+39.3%	45 k €
Net result	28,2 k €	+17.7%	24 k €	+11.8%	21,4 k €	+154%	8,4 k €	-69.0%	27,2 k €	+66.4%	16,4 k €	-22.7%	21,2 k €	+14.8%	18,5 k €	-3.8%	19,2 k €	+60.9%	11,9 k €	-46.3%	22,2 k €	-28.8%	31,2 k €	-32.4%	46,2 k €	+43.6%	32,2 k €	-38.2%	52,1 k €	+9.1%	47,7 k €	+23.8%	38,5 k €	-7.4%	41,6 k €
Balance sheet
Equity	1 M €	+2.8%	1 M €	+2.4%	992,3 k €	+2.2%	970,8 k €	+110%	462,4 k €	+6.3%	435,1 k €	+3.9%	418,8 k €	+5.3%	397,6 k €	+4.9%	379,1 k €	+5.3%	359,9 k €	+3.4%	348 k €	+6.8%	325,8 k €	+10.6%	294,6 k €	+18.6%	248,3 k €	+14.9%	216,1 k €	+40.6%	153,7 k €	+55.6%	98,8 k €	+64.0%	60,2 k €
Total assets	1,7 M €	-1.3%	1,7 M €	-1.1%	1,8 M €	-3.4%	1,8 M €	+47.7%	1,2 M €	-5.4%	1,3 M €	+6.9%	1,2 M €	-1.5%	1,2 M €	+3.6%	1,2 M €	-2.5%	1,2 M €	-0.4%	1,2 M €	-1.7%	1,3 M €	+18.5%	1,1 M €	+49.2%	711,8 k €	+6.2%	670,5 k €	+7.0%	626,8 k €	+1.8%	615,8 k €	+13.2%	544,2 k €
Cash	223,5 k €	+6.7%	209,5 k €	+124%	93,3 k €	-51.0%	190,4 k €	+16.5%	163,4 k €	+31.4%	124,4 k €	+473%	21,7 k €	-74.1%	83,7 k €	+988%	7,7 k €	+1045%	672 €	-99.0%	65,2 k €	-42.7%	113,7 k €	+99.7%	57 k €	-68.8%	182,5 k €	+133%	78,4 k €	+49.2%	52,5 k €	-75.3%	212,2 k €	+47.6%	143,8 k €
Debts	682,9 k €	-6.8%	733,1 k €	-5.3%	774,4 k €	-10.0%	860,5 k €	+10.6%	777,9 k €	-10.4%	867,8 k €	+7.5%	807,5 k €	-3.9%	840,7 k €	+2.3%	821,7 k €	-5.1%	866,2 k €	-1.3%	878 k €	-5.8%	932,3 k €	+22.3%	762,1 k €	+65.3%	461 k €	+1.5%	454,4 k €	-4.0%	473,1 k €	-8.5%	517 k €	+6.8%	484 k €
Other
Workforce	3,5 ETP	-7.9%	3,8 ETP	0.0%	3,8 ETP	-9.5%	4,2 ETP	-14.3%	4,9 ETP	-2.0%	5,0 ETP	0.0%	5,0 ETP	+19.0%	4,2 ETP	+2.4%	4,1 ETP	-18.0%	5,0 ETP	-2.0%	5,1 ETP	+18.6%	4,3 ETP	+13.2%	3,8 ETP	+2.7%	3,7 ETP	+5.7%	3,5 ETP	+25.0%	2,8 ETP	+12.0%	2,5 ETP	0.0%	2,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 2 ended

Active mandates

CINDY MAST

Manager

Active

TOM EYCKMANS

Manager

Active

Ended mandates

CINDY MAST

Director

Ended

TOM EYCKMANS

Director

Ended

Annual accounts

Full financial information

	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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	06/01/2026	19/12/2024	02/01/2024	19/12/2022	10/12/2021	14/12/2020
General meeting	06/12/2025	07/12/2024	02/12/2023	03/12/2022	04/12/2021	05/12/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	06/12/2025	06/01/2026	Dutch	PDF
Abridged model	30/06/2024	07/12/2024	19/12/2024	Dutch	PDF
Abridged model	30/06/2023	02/12/2023	02/01/2024	Dutch	PDF
Abridged model	30/06/2022	03/12/2022	19/12/2022	Dutch	PDF
Abridged model	30/06/2021	04/12/2021	10/12/2021	Dutch	PDF
Abridged model	30/06/2020	05/12/2020	14/12/2020	Dutch	PDF
Abridged model	30/06/2019	07/12/2019	17/12/2019	Dutch	PDF
Abridged model	30/06/2018	01/12/2018	05/12/2018	Dutch	PDF
Abridged model	30/06/2017	02/12/2017	05/12/2017	Dutch	PDF
Abridged model	30/06/2016	03/12/2016	09/12/2016	Dutch	PDF
Abridged model	30/06/2015	05/12/2015	15/12/2015	Dutch	PDF
Abridged model	30/06/2014	06/12/2014	11/12/2014	Dutch	PDF
Abridged model	30/06/2013	07/12/2013	11/12/2013	Dutch	PDF
Abridged model	30/06/2012	01/12/2012	20/12/2012	Dutch	PDF
Abridged model	30/06/2011	03/12/2011	15/12/2011	Dutch	PDF
Abridged model	30/06/2010	04/12/2010	21/12/2010	Dutch	PDF
Abridged model	30/06/2009	05/12/2009	10/12/2009	Dutch	PDF
Abridged model	30/06/2008	06/12/2008	11/12/2008	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 2 ended

Active mandates

CINDY MAST

Manager

Active

TOM EYCKMANS

Manager

Active

Ended mandates

CINDY MAST

Director

Ended

TOM EYCKMANS

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/04/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other19/12/2006
Oprichting
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 202528,2 k €↑
2024
Annual accounts 202424 k €↑
2023
Annual accounts 202321,4 k €↑
2022
Annual accounts 20228,4 k €↓
2021
Annual accounts 202127,2 k €↑
2020
Annual accounts 202016,4 k €↓
2019
Annual accounts 201921,2 k €↑
2018
Annual accounts 201818,5 k €↓
2017
Annual accounts 201719,2 k €↑
2016
Annual accounts 201611,9 k €↓
2015
Annual accounts 201522,2 k €↓
2014
Annual accounts 201431,2 k €↓
2013
Annual accounts 201346,2 k €↑
2012
Annual accounts 201232,2 k €↓
2011
Annual accounts 201152,1 k €↑
2010
Annual accounts 201047,7 k €↑
2009
Annual accounts 200938,5 k €↓
2008
Annual accounts 200841,6 k €
11/12/2006
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

FIETSEN MAST

Overview

What does FIETSEN MAST do?

Trend over 18 financial years

Indicative valuation

Board of directors

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