ACTIVE

Mastertrucks

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Financial year 2025 · closed on 30/09/2025

Net result

43 k €

-45.8% YoY

Gross margin

135,1 k €

-17.6% YoY

Equity

-58,2 k €

+42.5% YoY

Workforce

1,0 ETP

0.0% YoY

What does Mastertrucks do?

Mastertrucks is a Private limited company incorporated in 2007. Its main activity is: Freight transport by road. Its registered office is in Wielsbeke. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0891.455.437

Incorporation

16/08/2007

Legal form

Private limited company

Registered office

Wielsbeeksestraat(O) 115
8710 Wielsbeke · FlandreSee on map

Contributed capital

37 200,00 €

Latest accounts

30/09/2025

Average workforce

1,0 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 51180Passenger air transport 46180Agents specialised in the sale of other particular products 46180Agents specialised in the sale of other particular products

Joint committees (3)

140
14003
226

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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	135,1 k €	-17.6%	164 k €	-18.8%	201,9 k €	-66.6%	604,5 k €	-66.3%	1,8 M €	+66.9%	1,1 M €	+70.9%	628,1 k €	+9.0%	576,4 k €	-34.4%	878,8 k €	+4.2%	843,5 k €	+88.0%	448,7 k €	+5.5%	425,3 k €	-5.4%	449,7 k €	+84.1%	244,3 k €	+720%	29,8 k €	+3273%	-938,8 €	-113%	7,2 k €	-40.9%	12,2 k €
EBITDA	55,2 k €	-28.2%	76,8 k €	+9.1%	70,5 k €	-55.3%	157,5 k €	+167%	59 k €	-79.3%	285,3 k €	+94.0%	147 k €	+34.1%	109,6 k €	-41.0%	185,8 k €	-23.9%	244 k €	+287%	63,1 k €	+384%	-22,2 k €	-131%	72,7 k €	+276%	-41,3 k €	-786%	6 k €	+439%	-1,8 k €	-127%	6,6 k €	+1648%	380,2 €
Operating result	44,8 k €	-20.5%	56,4 k €	+13.8%	49,6 k €	-63.9%	137,4 k €	+155%	-250,8 k €	-314%	117,1 k €	+108%	56,2 k €	+180%	20,1 k €	-85.3%	136,7 k €	-17.8%	166,4 k €	+426%	-51 k €	+56.3%	-116,8 k €	-422%	-22,4 k €	+83.1%	-132,1 k €	-2894%	-4,4 k €	-1177%	409,9 €	-89.3%	3,8 k €	+315%	-1,8 k €
Net result	43 k €	-45.8%	79,3 k €	+316%	-36,7 k €	-150%	73,2 k €	+123%	-316,8 k €	-599%	63,4 k €	+44.0%	44,1 k €	+76.3%	25 k €	-83.7%	153,5 k €	-14.2%	178,8 k €	+1562%	-12,2 k €	+91.8%	-148,9 k €	-178%	-53,5 k €	+69.9%	-178 k €	-2481%	-6,9 k €	-935%	-666,5 €	-118%	3,7 k €	+165%	-5,7 k €
Balance sheet
Equity	-58,2 k €	+42.5%	-101,2 k €	+43.9%	-180,5 k €	-25.5%	-143,7 k €	+33.8%	-217 k €	-317%	99,8 k €	+174%	36,4 k €	+575%	-7,7 k €	+76.5%	-32,7 k €	+82.5%	-186,2 k €	+49.0%	-365 k €	-3.5%	-352,8 k €	-73.0%	-203,9 k €	-35.6%	-150,4 k €	-644%	27,6 k €	+683%	3,5 k €	-15.9%	4,2 k €	+789%	472 €
Total assets	253,9 k €	-26.4%	344,9 k €	+26.2%	273,2 k €	-69.7%	903,1 k €	-59.1%	2,2 M €	-13.3%	2,5 M €	+157%	992 k €	-17.6%	1,2 M €	+27.3%	946 k €	+55.3%	609,3 k €	-44.6%	1,1 M €	+70.8%	644,6 k €	-5.2%	679,8 k €	-6.4%	726,5 k €	+38.0%	526,4 k €	+1189%	40,8 k €	-45.4%	74,8 k €	+38.0%	54,2 k €
Cash	2,3 k €	-82.5%	13 k €	+28.7%	10,1 k €	+66.3%	6,1 k €	-46.9%	11,5 k €	-79.2%	55 k €	+617%	7,7 k €	-38.2%	12,4 k €	-60.5%	31,4 k €	+90.4%	16,5 k €	+183%	5,8 k €	-23.3%	7,6 k €	+164%	2,9 k €	+254%	814,8 €	-29.5%	1,2 k €	-45.0%	2,1 k €	-90.5%	22,2 k €	+122%	10 k €
Debts	311,9 k €	-30.0%	445,3 k €	-1.7%	453 k €	-56.7%	1 M €	-56.8%	2,4 M €	+0.2%	2,4 M €	+160%	931,6 k €	-22.2%	1,2 M €	+22.9%	974,2 k €	+25.6%	775,4 k €	-47.1%	1,5 M €	+50.6%	972,9 k €	+11.6%	872 k €	+0.8%	864,7 k €	+73.7%	497,8 k €	+1243%	37,1 k €	-47.5%	70,6 k €	+31.4%	53,8 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	-16.7%	1,2 ETP	-70.7%	4,1 ETP	-84.1%	25,8 ETP	+87.0%	13,8 ETP	+74.7%	7,9 ETP	+1.3%	7,8 ETP	-33.3%	11,7 ETP	+14.7%	10,2 ETP	+50.0%	6,8 ETP	-5.6%	7,2 ETP	+12.5%	6,4 ETP	-4.5%	6,7 ETP	+1017%	0,6 ETP		–		–		0,4 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 30/09/2025 · 1 active · 4 ended

Active mandates

Joos Wemel

Director

Active

Ended mandates

Jean-Christophe Pelletier

Manager

Ended

Joos Wemel

Mandate

Ended

Joos Wemel

Manager

Ended

MATHIEU WEMEL

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
AGRI-FLAME● Active	0881.657.447
WEMEL INVEST● Active	0426.500.585
WIMOR● Active	0428.074.163

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/04/2026	31/03/2025	26/04/2024	04/04/2023	29/03/2022	09/04/2021
General meeting	28/03/2026	29/03/2025	30/03/2024	25/03/2023	26/03/2022	27/03/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	28/03/2026	08/04/2026	Dutch	PDF
Abridged model	30/09/2024	29/03/2025	31/03/2025	Dutch	PDF
Abridged model	30/09/2023	30/03/2024	26/04/2024	Dutch	PDF
Abridged model	30/09/2022	25/03/2023	04/04/2023	Dutch	PDF
Abridged model	30/09/2021	26/03/2022	29/03/2022	Dutch	PDF
Abridged model	30/09/2020	27/03/2021	09/04/2021	Dutch	PDF
Abridged model	30/09/2019	28/03/2020	30/03/2020	Dutch	PDF
Abridged model	30/09/2018	30/03/2019	26/04/2019	Dutch	PDF
Abridged model	30/09/2017	31/03/2018	27/04/2018	Dutch	PDF
Abridged model	30/09/2016	25/03/2017	28/03/2017	Dutch	PDF
Abridged model	30/09/2015	26/03/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	28/03/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	29/03/2014	31/03/2014	Dutch	PDF
Abridged model	30/09/2012	30/03/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	31/03/2012	02/04/2012	Dutch	PDF
Abridged model	30/09/2010	26/03/2011	31/03/2011	Dutch	PDF
Abridged model	30/09/2009	27/03/2010	30/04/2010	Dutch	PDF
Abridged model	30/09/2008	28/03/2009	30/04/2009	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 30/09/2025 · 1 active · 4 ended

Active mandates

Joos Wemel

Director

Active

Ended mandates

Jean-Christophe Pelletier

Manager

Ended

Joos Wemel

Mandate

Ended

Joos Wemel

Manager

Ended

MATHIEU WEMEL

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/05/2025
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/07/2021
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Mandates31/07/2015
Ontslag zaakvoerder
PDF
Mandates02/07/2014
Ontslag van een zaakvoerder + benoeming van een zaakvoerder
PDF
Mandates03/05/2011
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office28/03/2008
Zetelverplaatsing ;
PDF
Other24/08/2007
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 202543 k €↓
2024
Annual accounts 202479,3 k €↑
2023
Annual accounts 2023-36,7 k €↓
2022
Annual accounts 202273,2 k €↑
2021
Annual accounts 2021-316,8 k €↓
2020
Annual accounts 202063,4 k €↑
2019
Annual accounts 201944,1 k €↑
2018
Annual accounts 201825 k €↓
2017
Annual accounts 2017153,5 k €↓
2016
Annual accounts 2016178,8 k €↑
2015
Annual accounts 2015-12,2 k €↑
2014
Annual accounts 2014-148,9 k €↓
2013
Annual accounts 2013-53,5 k €↑
2012
Annual accounts 2012-178 k €↓
2011
Annual accounts 2011-6,9 k €↓
2010
Annual accounts 2010-666,5 €↓
2009
Annual accounts 20093,7 k €↑
2008
Annual accounts 2008-5,7 k €
16/08/2007
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

Mastertrucks

Overview

What does Mastertrucks do?

Trend over 18 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