MASTEROK
Annual accounts 2025
micro format, filed on 02-03-2026, 59 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1,200. Estimated: probably between €590 and €2,100.
Balance sheet
balance sheet total €226,922 on 30-09-2025in euro
in euro
Position in the sector
25.1%
Higher than 31% of 9,471 companies in 2025.
0.05
Lower than 95% of 9,219 companies in 2025.
-8.9%
Higher than 14% of 9,291 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
226,922 | 257,250 | 262,134 | 262,811 | 252,774 | 256,690 | 261,011 | 256,903 | 213,391 | 152,207 | 159,098 | 163,109 | |
20 |
- | - | - | - | - | - | - | - | 242 | 484 | 726 | 968 | |
21/28 |
217,916 | 233,546 | 244,176 | 255,672 | 237,790 | 226,039 | 234,252 | 236,567 | 208,444 | 147,511 | 156,646 | 162,998 | |
22/27 |
217,916 | 233,546 | 244,176 | 255,672 | 237,790 | 226,039 | 234,252 | 236,567 | 208,444 | 147,027 | 155,920 | 162,030 | |
22 |
208,304 | 217,877 | 229,070 | 237,688 | 235,506 | 224,546 | 233,187 | 236,567 | 204,862 | 139,864 | 145,176 | 147,704 | |
23 |
1,597 | 2,623 | 886 | 1,585 | 2,284 | 1,493 | 1,066 | - | - | - | - | - | |
24 |
8,015 | 13,046 | 14,220 | 16,399 | - | - | - | - | 3,582 | 7,163 | 10,745 | 14,326 | |
29/58 |
9,006 | 23,704 | 17,958 | 7,139 | 14,984 | 30,651 | 26,758 | 20,336 | 4,705 | 4,696 | 2,451 | 110 | |
3 |
- | 2,957 | - | - | - | - | 2,200 | 11,980 | - | - | - | - | |
37 |
- | 2,957 | - | - | - | - | 2,200 | 11,980 | - | - | - | - | |
40/41 |
7,572 | 19,570 | 11,679 | 3,836 | 13,662 | 6,995 | 4,654 | 7,335 | 4,116 | 2,508 | 153 | - | |
40 |
2,448 | 17,770 | 8,568 | 49 | 12,366 | 5,729 | 1,297 | 4,682 | 182 | - | - | - | |
41 |
5,124 | 1,800 | 3,111 | 3,788 | 1,296 | 1,266 | 3,357 | 2,653 | 3,933 | 2,508 | 153 | - | |
54/58 |
1,434 | 1,177 | 5,901 | 2,925 | 943 | 23,278 | 19,526 | 1,022 | 589 | 2,188 | 2,298 | 110 | |
490/1 |
- | - | 378 | 378 | 378 | 378 | 378 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
226,922 | 257,250 | 262,134 | 262,811 | 252,774 | 256,690 | 261,011 | 256,903 | 213,391 | 152,207 | 159,098 | 163,109 | |
10/15 |
56,992 | 77,231 | 50,656 | 29,992 | 21,658 | -11,884 | -29,592 | -30,713 | -33,534 | -34,630 | -28,779 | -18,854 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | 6,200 | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | 6,200 | - | - | - | - | - | - | - | |
14 |
50,792 | 71,031 | 44,456 | 23,792 | 15,458 | -18,084 | -35,792 | -36,913 | -39,734 | -40,830 | -34,979 | -25,054 | |
17/49 |
169,930 | 180,019 | 211,478 | 232,819 | 231,116 | 268,574 | 290,602 | 287,616 | 246,925 | 186,837 | 187,877 | 181,963 | |
17 |
2,005 | 4,904 | 7,679 | 10,334 | - | - | - | - | - | - | - | - | |
170/4 |
2,005 | 4,904 | 7,679 | 10,334 | - | - | - | - | - | - | - | - | |
42/48 |
167,175 | 175,115 | 203,149 | 221,635 | 231,116 | 268,574 | 290,602 | 287,616 | 246,475 | 186,837 | 187,877 | 181,963 | |
42 |
2,899 | 2,775 | 2,655 | 2,541 | - | - | - | - | - | - | - | - | |
43 |
2,915 | 2,906 | 2,906 | 2,929 | 2,926 | - | - | - | - | - | - | - | |
430/8 |
2,915 | 2,906 | 2,906 | 2,929 | 2,926 | - | - | - | - | - | - | - | |
44 |
1,862 | 4,281 | 4,032 | 938 | 2,252 | 7,218 | 2,838 | 7,584 | 2,782 | 1,739 | 926 | 149 | |
440/4 |
1,862 | 4,281 | 4,032 | 938 | 2,252 | 7,218 | 2,838 | 7,584 | 2,782 | 1,739 | 926 | 149 | |
45 |
- | 4,727 | - | - | 960 | 480 | 150 | - | - | - | - | 8 | |
450/3 |
- | 4,727 | - | - | 960 | 480 | 150 | - | - | - | - | 8 | |
47/48 |
159,499 | 160,427 | 193,556 | 215,226 | 224,977 | 260,876 | 287,615 | 280,032 | 243,693 | 185,098 | 186,951 | 181,806 | |
492/3 |
750 | - | 650 | 850 | - | - | - | - | 450 | - | - | - | |
| Income statement | |||||||||||||
76A |
- | - | - | - | - | - | 2,479 | - | - | - | - | - | |
9900 |
96 | 56,733 | 46,634 | 25,232 | 50,465 | 30,971 | 13,913 | 19,056 | 15,884 | 5,433 | 1,726 | -6,474 | |
630 |
17,287 | 16,415 | 15,653 | 12,619 | 10,418 | 9,675 | 10,175 | 14,082 | 10,195 | 9,135 | 9,135 | 8,578 | |
640/8 |
1,376 | 2,620 | 3,137 | 923 | 1,724 | 1,876 | 1,681 | 1,919 | 1,928 | 1,986 | 2,319 | 1,453 | |
66A |
- | - | - | - | - | 1,428 | 500 | - | 2,430 | - | - | 8,454 | |
9901 |
-18,568 | 37,698 | 27,845 | 11,690 | 38,323 | 17,991 | 1,557 | 3,055 | 1,331 | -5,688 | -9,728 | -16,506 | |
75/76B |
- | - | - | 82 | - | - | - | 105 | - | - | 0 | - | |
75 |
- | - | - | 82 | - | - | - | 105 | - | - | 0 | - | |
65/66B |
1,258 | 1,396 | 1,489 | 1,119 | 838 | 283 | 435 | 340 | 235 | 163 | 197 | 95 | |
65 |
1,258 | 1,396 | 1,489 | 1,119 | 838 | 283 | 435 | 340 | 235 | 163 | 197 | 95 | |
9903 |
-19,826 | 36,302 | 26,356 | 10,653 | 37,485 | 17,708 | 1,122 | 2,821 | 1,096 | -5,851 | -9,925 | -25,054 | |
67/77 |
413 | 9,727 | 5,692 | 2,319 | 3,943 | - | - | - | - | - | - | - | |
9904 |
-20,238 | 26,574 | 20,664 | 8,334 | 33,542 | 17,708 | 1,122 | 2,821 | 1,096 | -5,851 | -9,925 | -25,054 | |
9905 |
-20,238 | 26,574 | 20,664 | 8,334 | 33,542 | 17,708 | 1,122 | 2,821 | 1,096 | -5,851 | -9,925 | -25,054 | |
| Appropriation of the result | |||||||||||||
9906 |
50,792 | 71,031 | 44,456 | 23,792 | 15,458 | -18,084 | -35,792 | -36,913 | -39,734 | -40,830 | -34,979 | -25,054 | |
14P |
71,031 | 44,456 | 23,792 | 15,458 | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||
The notes to these accounts have 6 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 02-03-2026.
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 | micro format | 02-03-2026 | 2026-00047218 | |
| 30-09-2024 | micro format | 17-02-2025 | 2025-00035663 | |
| 30-09-2023 | micro format | 19-02-2024 | 2024-00031800 | |
| 30-09-2022 | micro format | 24-02-2023 | 2023-00031900 | |
| 30-09-2021 | micro format | 21-02-2022 | 2022-06000140 | |
| 30-09-2020 | micro format | 22-02-2021 | 2021-05800347 | |
| 30-09-2019 | micro format | 03-03-2020 | 2020-06100254 | |
| 30-09-2018 | micro format | 19-02-2019 | 2019-05400175 | |
| 30-09-2017 | micro format | 05-03-2018 | 2018-06400002 | |
| 30-09-2016 | abbreviated format | 20-02-2017 | 2017-04700359 | |
| 30-09-2015 | abbreviated format | 22-02-2016 | 2016-04800453 | |
| 30-09-2014 | abbreviated format | 23-02-2015 | 2015-04700375 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1,280 | 54,113 | 43,498 | 24,309 | 48,741 | 27,667 | 11,732 | 17,137 | 11,526 | 3,447 | -593 | -7,927 | ||
| -2,951 | 42,990 | 36,317 | 20,953 | 43,960 | 27,383 | 11,297 | 16,902 | 11,291 | 3,284 | -790 | -16,476 | ||
| 1,657 | 5,785 | 4,158 | 30,501 | 22,169 | 1,462 | 7,861 | 41,962 | 71,370 | 0 | 2,783 | 170,367 | ||
| 257 | -4,723 | 2,976 | 1,981 | -22,335 | 3,752 | 18,504 | 433 | -1,599 | -111 | 2,188 | - | ||
| -158,168 | -151,411 | -185,191 | -214,496 | -216,132 | -237,923 | -263,844 | -267,280 | -241,770 | -182,141 | -185,425 | -181,853 | ||
| 25.1% | 30.0% | 19.3% | 11.4% | 8.6% | -4.6% | -11.3% | -12.0% | -15.7% | -22.8% | -18.1% | -11.6% | ||
| 0.05 | 0.14 | 0.09 | 0.03 | 0.06 | 0.11 | 0.09 | 0.07 | 0.02 | 0.03 | 0.01 | 0.00 | ||
| 0.05 | 0.12 | 0.09 | 0.03 | 0.06 | 0.11 | 0.08 | 0.03 | 0.02 | 0.03 | 0.01 | 0.00 | ||
| 2.98 | 2.33 | 4.17 | 7.76 | 10.67 | - | - | - | - | - | - | - | ||
| -35.5% | 34.4% | 40.8% | 27.8% | 154.9% | - | - | - | - | - | - | - | ||
| -8.9% | 10.3% | 7.9% | 3.2% | 13.3% | 6.9% | 0.4% | 1.1% | 0.5% | -3.8% | -6.2% | -15.4% | ||
| -1.02 | 38.76 | 29.22 | 21.73 | - | - | - | - | - | - | - | - |
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.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,657 | €5,785 | €4,158 | €30,501 |
| €17,287 | €16,415 | €15,653 | €12,619 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on MASTEROK
The operating result for 2025 is a loss of €18,568, after a profit of €37,698 in 2024. It is the lowest result since 2014.
Debt's share of the balance-sheet total rises from 70.0% to 74.9%. Equity and debt are lower.