Equity
€431,281 from €1.3m in 2018
Equity fell by 66% in 7 years.
MASTERMAIL
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €1.2m (2018)
€338,637▼ 51.4%
lowest -€265,299 (2025)
-€265,299▼ €397,988
peak €1.3m (2018)
€431,281▼ 56.7%
€615,266▲ 8.9%
peak 12.9 FTE (2017)
4.6 FTE▼ 25.8%
Board3 names since 2019
1 director
Owners
100%
Documentsfilings and deeds
10-06-202651 days before the deadline
2025abbreviated format
Gross margin from €696,138 to €338,637Loss of €265,299Staff from 6.2 FTE to 4.6 FTEDividend €300,000Equity from €996,580 to €431,281
Key points
from the 2025 annual accountsResult
-€265,299 -€265,299
From profit to loss in 2025, after a profit of €132,689 in 2024.
Staff
4.6 FTE from 12.9 in 2017
Between 2017 and 2025, 64% of the full-time equivalents disappeared.
Liquidity
1.10 was 2.36 in 2024
Short-term debts rose from €480,836 to €586,873.
Filings
22 annual accounts since 2004
Two of the last ten came late. The 2017 accounts came latest: 17 days after the end of the period.
Position in the sector
-€265,299
Lower net result than 95% of companies in advertising and market research. Sector median €22,751 · 1,964 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 5,843 companies had the same profile as MASTERMAIL has now. Each dot stands for 15 companies, two years later.
84.3%
were still trading
13.6%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,843 companies, not a prediction for MASTERMAIL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, , since 27-11-2020
- 100%equity €2.3m (2025) · 2025 annual accounts of
Recent changes
Resignation: (director)
General meeting of 09-12-2020 · Gazette deed
1 director appointed, 1 resignation
Resignation: · Appointment: · Permanent representative: · General meeting of 27-11-2020 · Gazette deed
Capital decrease of €270,000 to €18,600
Capital from €288,600 to €18,600 · Changes of role: (director) and . (director) · Permanent representative: · General meeting of 26-09-2019 · Gazette deed
Incorporation
published on 31-12-2003 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MASTERMAIL Leuven | €1.0m | €338,637 | 41.2% | 4.6 |
| Shannon Lubbeek | €1.1m | €491,322 | 29.5% | 6.9 |
| DOCULINE Overijse | €1.1m | €257,489 | 55.3% | 3.4 |
| inesu-promo Ottignies-Louvain-la-Neuve | €0.9m | €308,208 | 85.8% | 3.5 |
| NET EVENTS Brussels | €0.8m | €287,814 | 88.5% | 4 |
| ART VISION INTERNATIONAL Wommelgem | €0.7m | €319,585 | 23.0% | 3.9 |
| AAZIO Oupeye | €0.9m | €419,299 | 79.9% | 3.1 |
These companies have the same main activity as MASTERMAIL: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €681,000 and €1.1m, founded between 2000 and 2010.
Official details
Source: KBO- Status
- Active since 22-12-2003Normal situation
- Activity
- Advertising agenciesNACE 73110and 1 other
- Joint committees
- 200Auxiliary committee for white-collar workers
- 100Auxiliary committee for blue-collar workers · annual accounts 2023
- Establishment unit
- 2.134.730.1713012 Leuven, since 11-12-2003
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €680,000estimated
- €1.0m▼ 33.0%
- Employeeson 31-12-2025
- 5▼ 28.6%
- Filing
- Filed on 10-06-2026, 51 days before the end of the filing period
Insights on MASTERMAIL
MASTERMAIL files the abbreviated format. That format states no turnover. The gross margin fell from €339,119 in 2006 to €338,637 in 2025.
holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MASTERMAIL
- What is the company number of MASTERMAIL?
- The company number of MASTERMAIL is 0862.335.047. The VAT number is the same number with BE in front: BE 0862.335.047.
- Where is MASTERMAIL based?
- The registered office is at Wijgmaalsesteenweg 108, 3012 Leuven.Company details
- What does MASTERMAIL do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of MASTERMAIL?
- MASTERMAIL is a private limited company (BV).
- When was MASTERMAIL founded?
- MASTERMAIL was founded on 22-12-2003.
- Is MASTERMAIL still active?
- Yes, MASTERMAIL is an active enterprise in the KBO register.
- How many employees does MASTERMAIL have?
- MASTERMAIL had an average of 4.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MASTERMAIL fall under?
- In its 2023 annual accounts, MASTERMAIL states joint committees 200 (Auxiliary committee for white-collar workers) and 100 (Auxiliary committee for blue-collar workers).
- What is the turnover of MASTERMAIL?
- The turnover in financial year 2025 is ≈ €680,000. This figure is estimated from the gross margin of €338,637 and 37 comparable companies (NACE 73). It probably lies between €460,000 and €870,000.
- Is MASTERMAIL profitable?
- In financial year 2025, MASTERMAIL made a loss of €265,299.
- Where can I find the annual accounts of MASTERMAIL?
- MASTERMAIL filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MASTERMAIL due?
- MASTERMAIL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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