MASTER CHIPS

Active Private limited companyfounded 1984active for 42 yearsIndustrielaan 4, 9320 AalstKBO/BCE: BE 0425.352.027 subsidiary of

MASTER CHIPS

Financial year 2025

Follow Report Compare

Annual accounts 2025

abbreviated format, filed on 20-03-2026, 41 days before the deadline

€379,443

▲ 6.4%

€255,367

▼ 3.0%

€269,471

▼ 2.4%

€194,261

▼ 8.4%

61.7%

▲ 17.8 percentage points

2.89

▲ 0.87

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.8m. Estimated: probably between €1.4m and €2.7m.

Money flows

no detail for 2025

Balance sheet

balance sheet total €729,608 on 30-09-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

61.7%

Higher than 68% of 10,745 companies in 2025.

2.89

Higher than 70% of 10,577 companies in 2025.

24.7%

Higher than 93% of 10,675 companies in 2025.

MASTER CHIPS Middle half of the sector 80% of the sector Abbreviated accounts in wholesale trade (NACE 46)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

€72,340

Staff costs divided by the average number of full-time equivalents.

-2 people

people who joined people who left

In 2025, nobody joined and 2 people left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	200921 months	2007	2006
Balance sheet: assets
`20/58`	729,608	695,219	633,425	573,065	468,471	262,752	311,224	236,801	233,274	197,679	194,086	301,263	269,480	260,040	177,050	269,985	806,553	533,760	553,022
`20`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`21/28`	43,442	52,861	2,719	18,037	25	3,077	8,106	20,690	24,437	27,487	9,572	16,044	35,802	51,418	39,382	60,695	17,247	13,609	20,395
`21`	-	-	-	-	0	1,709	5,127	3,418	0	0	0	0	-	-	-	-	-	-	-
`22/27`	43,442	52,861	2,719	18,037	25	1,245	2,856	14,736	21,926	24,976	7,061	13,533	29,464	45,160	32,765	48,235	4,852	5,988	11,393
`22`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`23`	3,771	1,412	2,719	1,481	0	929	2,230	746	37	408	1,129	2,021	2,912	3,814	3,042	2,487	2,589	5,282	9,591
`24`	39,672	51,449	0	16,556	25	316	625	13,990	21,889	24,568	5,932	11,513	26,552	41,345	29,723	45,749	2,263	706	1,802
`26`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`27`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`28`	-	-	-	-	0	124	124	2,536	2,511	2,511	2,511	2,511	6,338	6,258	6,617	12,460	12,395	7,622	9,002
`29/58`	686,165	642,358	630,707	555,028	468,446	259,675	303,118	216,111	208,836	170,192	184,514	285,219	233,678	208,622	137,668	209,289	789,306	520,150	532,627
`290`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`291`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`3`	282,000	220,000	261,105	218,665	165,672	100,467	71,630	30,662	28,106	22,465	23,346	33,652	33,839	39,262	35,188	18,970	28,300	31,637	35,098
`30/36`	282,000	220,000	261,105	218,665	165,672	100,467	71,630	30,662	28,106	22,465	23,346	33,652	33,839	39,262	35,188	18,970	28,300	31,637	35,098
`37`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`40/41`	231,704	354,963	266,330	293,220	288,992	134,158	212,152	170,529	149,762	146,757	143,506	236,542	199,009	141,816	98,322	108,356	458,799	486,622	490,908
`40`	217,578	316,979	242,467	269,733	265,929	123,919	202,077	170,529	147,932	144,821	141,406	234,466	199,007	108,811	98,322	108,093	41,430	486,618	490,908
`41`	14,127	37,985	23,862	23,488	23,063	10,239	10,075	-	1,830	1,936	2,100	2,075	2	33,005	-	264	417,369	4	-
`50/53`	-	-	-	-	-	-	-	-	0	0	17	17	-	-	-	32,700	251,325	-	-
`54/58`	155,907	59,162	97,459	37,974	9,656	19,195	18,194	11,813	30,969	970	17,645	15,008	829	27,544	1,512	45,004	47,672	277	169
`490/1`	16,554	8,233	5,813	5,170	4,126	5,854	1,142	3,107	0	0	0	0	-	-	2,646	4,258	3,209	1,615	6,453
Balance sheet: equity and liabilities
`10/49`	729,608	695,219	633,425	573,065	468,471	262,752	311,224	236,801	233,274	197,679	194,086	301,263	269,480	260,040	177,050	269,985	806,553	533,760	553,022
`10/15`	450,184	305,026	166,054	85,834	47,397	39,243	39,007	38,967	-6,125	-18,277	7,410	-20,670	-27,427	21,194	107,090	187,846	222,845	37,527	8,204
`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`11`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`1100/10`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`12`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`13`	431,584	286,426	147,454	67,234	28,797	20,643	20,407	20,367	1,860	1,860	1,860	1,860	1,860	1,860	201,860	201,860	201,860	1,860	1,860
`130/1`	-	-	0	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`1311`	-	-	0	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
`1312`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`1319`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`132`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`133`	431,584	286,426	147,454	65,374	26,937	18,783	18,547	18,507	0	0	0	0	-	-	200,000	200,000	200,000	-	-
`14`	0	0	-	-	-	-	-	-	-26,585	-38,737	-13,050	-41,130	-47,887	734	-113,370	-32,614	2,385	17,067	-12,256
`15`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`160/5`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`160`	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
`161`	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
`162`	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
`163`	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
`164/5`	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
`168`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`17/49`	279,424	390,192	467,371	487,232	421,074	223,510	272,217	197,834	239,399	215,955	186,676	321,933	296,907	238,846	69,960	82,139	583,709	496,233	544,818
`17`	41,795	72,385	59,083	78,855	-	-	-	3,760	9,329	14,815	-	-	-	-	-	-	-	-	-
`170/4`	41,795	72,385	59,083	78,855	-	-	-	3,760	9,329	14,815	-	-	-	-	-	-	-	-	-
`175`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`176`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`178/9`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`42/48`	237,629	317,807	408,288	408,377	421,074	223,510	272,217	189,634	230,069	201,141	184,880	319,828	296,907	238,846	69,960	82,139	580,004	490,178	540,839
`42`	62,395	59,642	19,772	19,529	-	-	-	5,569	5,485	5,403	0	6,845	-	-	-	-	-	-	-
`43`	286	0	100,000	101,423	102,163	43,200	67,674	49,278	43,200	18,191	67,558	-	132,817	104,904	129	-	-	314,066	359,411
`430/8`	286	-	0	1,423	61,163	43,200	67,674	49,278	43,200	18,191	67,558	0	119,858	71,021	129	-	-	185,824	359,411
`439`	-	0	100,000	100,000	41,000	-	-	-	0	0	0	0	12,959	33,882	-	-	-	128,243	-
`44`	113,901	148,550	249,826	189,829	187,946	81,448	108,757	50,734	84,981	98,432	53,780	200,182	122,738	89,162	46,936	59,276	22,282	97,178	89,554
`440/4`	113,901	148,550	249,826	189,829	187,946	81,448	108,757	50,734	84,981	98,432	53,780	200,182	122,738	89,162	46,936	59,276	22,282	97,178	89,554
`441`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`46`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`45`	25,868	35,304	25,364	38,012	52,552	21,612	38,660	37,744	50,576	33,363	12,457	64,145	41,352	44,780	22,895	22,862	17,722	78,933	91,873
`450/3`	18,595	28,303	18,785	24,218	39,296	12,849	32,192	35,444	33,008	19,890	500	46,205	30,844	27,085	8,531	9,031	3,384	46,796	46,986
`454/9`	7,273	7,001	6,578	13,794	13,257	8,763	6,468	2,300	17,568	13,473	11,956	17,940	10,508	17,695	14,364	13,831	14,338	32,138	44,887
`47/48`	35,179	74,311	13,327	59,584	78,413	77,250	57,126	46,309	45,827	45,752	51,085	48,656	-	-	-	-	540,000	-	-
`492/3`	-	-	-	-	-	-	-	4,440	0	0	1,796	2,105	-	-	-	-	3,705	6,055	3,980
Income statement
`70`	-	-	-	-	-	-	-	-	0	0	968,833	1.0m	-	-	-	550,006	1.1m	658,129	489,757
`76A`	-	0	1,082	-	-	-	178	11,570	0	0	0	0	-	-	-	135,000	7.0m	-	6,851
`9900`	379,443	356,720	189,054	186,710	158,713	136,534	105,721	153,033	124,356	79,064	134,128	136,860	72,142	56,661	56,192	-5,187	-5.3m	191,945	152,421
`60/61`	-	-	-	-	-	-	-	-	0	0	834,704	876,738	-	-	-	555,192	6.4m	498,564	370,357
`62`	108,510	79,797	97,228	138,184	135,823	116,420	91,978	86,674	90,534	90,280	89,271	95,391	91,612	118,164	115,867	109,155	205,234	109,859	151,523
`630`	14,104	13,008	912	561	2,929	5,029	6,832	10,018	8,271	6,880	6,472	15,931	15,941	16,148	17,771	18,368	12,667	5,867	6,307
`631/4`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	430,825	-	-
`635/8`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`640/8`	1,462	473	1,022	1,142	1,170	1,060	203	190	1,213	2,444	1,375	1,248	451	688	996	1,265	7,176	17,258	6,674
`649`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`66A`	0	251	-	-	-	-	-	-	0	0	0	0	-	-	-	-	3,374	-	490
`9901`	255,367	263,191	89,891	46,824	18,791	14,025	6,708	56,151	24,339	-20,540	37,010	24,290	-35,862	-78,339	-78,442	-133,976	-6.0m	58,960	-12,082
`75/76B`	816	1,454	595	1,830	284	1,958	1,533	5,420	14,334	826	0	278	460	47	499	12,393	44,019	2,654	1,008
`75`	816	1,454	595	1,830	284	1,958	1,533	5,420	14,334	826	0	278	460	47	499	12,393	44,019	2,654	1,008
`76B`	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
`65/66B`	14,130	17,831	9,790	9,488	10,240	15,060	7,729	15,857	25,813	5,625	8,571	17,438	13,219	7,605	2,812	1,796	36,732	32,291	27,604
`65`	14,130	17,831	9,790	9,488	10,240	15,060	7,729	15,857	25,813	5,625	8,571	17,438	13,219	7,605	2,812	1,796	36,732	32,291	27,604
`66B`	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
`9903`	242,053	246,813	80,695	39,165	8,835	924	512	45,714	12,860	-25,340	28,439	7,130	-48,621	-85,897	-80,756	11,622	979,875	29,323	-32,317
`67/77`	61,896	47,727	475	729	680	688	472	623	708	347	360	372	-	-	-	46,620	254,557	-	59
`9904`	180,158	199,087	80,221	38,437	8,154	236	40	45,092	12,152	-25,686	28,080	6,757	-48,621	-85,897	-80,756	-34,998	725,318	29,323	-32,376
`789`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`689`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`9905`	180,158	199,087	80,221	38,437	8,154	236	40	45,092	12,152	-25,686	28,080	6,757	-48,621	-85,897	-80,756	-34,998	725,318	29,323	-32,376
Appropriation of the result
`9906`	180,158	199,087	80,221	38,437	8,154	236	40	18,507	-26,585	-38,737	-13,050	-41,130	-47,887	-199,266	-113,370	-32,614	742,385	17,067	-12,256
`791/2`	-	-	-	-	-	-	-	-	0	0	0	0	-	200,000	-	-	-	-	-
`691/2`	145,158	138,972	80,221	38,437	8,154	236	40	18,507	-	-	-	-	-	-	-	-	200,000	-	-
`691`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`6920`	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`6921`	145,158	138,972	80,221	38,437	8,154	236	40	18,507	0	0	0	0	-	-	-	-	200,000	-	-
`694/7`	35,000	60,115	-	-	-	-	-	-	-	-	-	-	-	-	-	-	540,000	-	-
`694`	30,000	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	540,000	-	-
`695`	0	54,115	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
`696`	5,000	6,000	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	1.5	1.1	1.3	2	1.6	1.3	1.3	1.1	-	1	1	1	2	2	2	1	1	1	1
Hours worked`1013`	2,700	1,818	2,060	3,444	2,708	3,334	2,370	2,064	-	1,762	1,768	1,740	2,500	3,300	3,300	3,300	3,300	1,920	1,914
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 22 older financial years (1984-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 20 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 20-03-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-09-2025	abbreviated format	20-03-2026	2026-00062712	PDF
30-09-2024	abbreviated format	07-03-2025	2025-00045609	PDF
30-09-2023	abbreviated format	23-04-2024	2024-00066609	PDF
30-09-2022	abbreviated format	18-04-2023	2023-00060522	PDF
30-09-2021	abbreviated format	25-03-2022	2022-08700243	PDF
30-09-2020	abbreviated format	19-03-2021	2021-08100431	PDF
30-09-2019	abbreviated format	13-03-2020	2020-06700156	PDF
30-09-2018	abbreviated format	14-03-2019	2019-07100038	PDF
30-09-2017	micro format	02-02-2018	2018-04100515	PDF
30-09-2016	abbreviated format	09-02-2017	2017-04200474	PDF
30-09-2015	abbreviated format	06-01-2016	2016-00400317	PDF
30-09-2014	abbreviated format	15-04-2015	2015-09700579	PDF
30-09-2013	abbreviated format	28-02-2014	2014-05200073	PDF
30-09-2012	abbreviated format	08-05-2013	2013-11500161	PDF
30-09-2011	abbreviated format	27-02-2012	2012-04400535	PDF
30-09-2010	abbreviated format	25-02-2011	2011-04300143	PDF
30-09-2009	abbreviated format	04-03-2010	2010-05900093	PDF
31-12-2007	abbreviated format	24-06-2008	2008-26500370	PDF
31-12-2006	abbreviated format	29-05-2007	2007-16000086	PDF
31-12-2005	abbreviated format	26-06-2006	2006-31704626	PDF
31-12-2004	abbreviated format	03-06-2005	2005-20402203	PDF
31-12-2003	abbreviated format	11-05-2004	2004-14104268	PDF
31-12-2002	abbreviated format	28-05-2003	2003-17301375	PDF
31-12-2001	abbreviated format	29-05-2002	2002-14805117	PDF
31-12-2000	abbreviated format	14-06-2001	2001-21101437	PDF
31-12-1999	abbreviated format	29-05-2000	2000-16700834	PDF
31-12-1998	abbreviated format	18-05-1999	1999-10201897	PDF
31-12-1997	abbreviated format	11-06-1998	1998-15803877	PDF
31-12-1996	abbreviated format	06-06-1997	1997-12502790	PDF
31-12-1995	abbreviated format	31-05-1996	1996-11302230	PDF
31-12-1994	abbreviated format	08-06-1995	1995-12603737	PDF
31-12-1993	abbreviated format	31-05-1994	1994-10502855	PDF
31-12-1992	abbreviated format	09-06-1993	1993-11800366	PDF
31-12-1991	abbreviated format	03-06-1992	1992-08103269	PDF
31-12-1990	abbreviated format	11-06-1991	1991-08901101	PDF
31-12-1989	abbreviated format	11-06-1990	1990-07803457	PDF
31-12-1988	abbreviated format	09-06-1989	1989-07503352	PDF
31-12-1987	abbreviated format	14-06-1988	1988-07800995	PDF
31-12-1986	abbreviated format	12-06-1987	1987-09800402	PDF
31-12-1985	abbreviated format	03-07-1986	1986-24602124	PDF
31-12-1984	abbreviated format	10-07-1985	1985-22900773	PDF

Subsidies and aid

Flemish government 2022 to 2023, 2 entries, €3,318 awarded, €2,346 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€3,318

Year	Entries	Awarded	Paid
2023	1	€1,638	€2,346
2022	1	€1,680	€0

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	200921 months	2007	2006
269,471	276,199	90,803	47,385	21,720	19,054	13,540	66,169	32,609	-13,661	43,483	40,221	-19,921	-62,191	-60,671	-115,608	-6.0m	64,827	-5,775
194,261	212,095	81,133	38,998	11,083	5,264	6,872	55,110	20,422	-18,807	34,552	22,689	-32,680	-69,749	-62,985	-16,630	737,985	35,190	-26,070
4,685	76,523	2,150	18,573	-124	0	8,713	6,271	5,221	30,132	0	-3,827	326	28,542	2,301	61,817	16,305	462	942
96,746	-38,297	59,485	28,318	-9,540	1,001	6,381	-19,156	29,998	-16,675	2,637	14,179	-26,715	26,033	-43,493	-2,668	47,395	108	-
448,536	324,550	222,419	146,652	47,372	36,165	30,901	26,477	-21,233	-30,949	-366	-34,609	-63,230	-30,224	67,708	127,151	209,302	29,972	-8,211
-	-	-	-	-	-	-	-	-	-	3.8%	2.4%	-	-	-	-24.4%	-	9.0%	-2.5%
61.7%	43.9%	26.2%	15.0%	10.1%	14.9%	12.5%	16.5%	-2.6%	-9.2%	3.8%	-6.9%	-10.2%	8.2%	60.5%	69.6%	27.6%	7.0%	1.5%
2.89	2.02	1.54	1.36	1.11	1.16	1.11	1.14	0.91	0.85	1.00	0.89	0.79	0.87	1.97	2.55	1.36	1.06	0.98
1.70	1.33	0.91	0.82	0.72	0.71	0.85	0.98	0.79	0.73	0.87	0.79	0.67	0.71	1.46	2.32	1.31	1.00	0.92
0.62	1.28	2.81	5.68	8.88	5.70	6.98	5.08	-	-	25.19	-	-	11.27	0.65	0.44	2.62	13.22	66.41
40.0%	65.3%	48.3%	44.8%	17.2%	0.6%	0.1%	115.7%	-	-	379.0%	-	-	-405.3%	-75.4%	-18.6%	325.5%	78.1%	-394.7%
24.7%	28.6%	12.7%	6.7%	1.7%	0.1%	0.0%	19.0%	5.2%	-13.0%	14.5%	2.2%	-18.0%	-33.0%	-45.6%	-13.0%	89.9%	5.5%	-5.9%
19.07	15.49	9.27	4.99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	53 days	84 days	-	-	-	72 days	14 days	270 days	366 days
-	-	-	-	-	-	-	-	-	-	24 days	83 days	-	-	-	39 days	1 day	71 days	88 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022
Employees at the balance-sheet date	1	3	1	2
full-time	1	3	1	2
part-time	0	0	0	0
in full-time equivalents	1	3	1	2
	1.5	1.1	1.3	2
On a permanent contract	1	1	1	2
Joined	0	2	0	-
Left	2	0	1	-

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022
Tangible fixed assets	€4,685	€76,523	€2,150	€18,573
	€14,104	€13,008	€912	€561

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Public contracts

1 award · 2026

Levering van IGBT-modules, diodes, thyristors: C2E/0004378295 - 1

buyer: NMBSElectrical machinery and apparatusawarded 14-07-2026€903,6764 tendersTED 510792-2026

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Insights on MASTER CHIPS

The operating result for 2025 is 3% lower than in 2024.

Debt's share of the balance-sheet total falls from 56.1% to 38.3%. Equity is higher and debt is lower.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency61.7%

Current ratio2.89

Return on assets24.7%

Staff

Staff cost per FTE€72,340

Joined and left-2 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2023, 2 entries, €3,318 awarded, €2,346 paid

Key figures and ratios

Social balance sheet

Investments

Public contracts

Insights on MASTER CHIPS

Next steps

in euro

in euro

61.7%

2.89

24.7%

€72,340

-2 people