ACTIVE

MSP Bois

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Financial year 2025 · closed on 31/12/2025

Net result

27,8 k €

+100.7% YoY

Revenue

10,9 M €

+115.4% YoY

Equity

-3,7 M €

-15.6% YoY

Workforce

23,2 ETP

-13.1% YoY

What does MSP Bois do?

MSP Bois is a Public limited company incorporated in 1968. Its main activity is: Sawmilling and planing of wood. Its registered office is in Etalle. It employs on average 23,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.035.009

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Croix-Rouge,Ste-Marie SN
6740 Etalle · WallonieSee on map

Contributed capital

2 000 000,00 €

Latest accounts

31/12/2025

Average workforce

23,2 ETP

Activities (NACE)

16100Sawmilling and planing of wood· main 16110Sawmilling and planing of wood 20101Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms 41001Construction of buildings 16110Sawmilling and planing of wood 16230Manufacture of other builders' carpentry and joinery+2

Joint committees (3)

12502
200
218

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	10,9 M €	+115%	5 M €	-46.5%	9,4 M €		–		4,9 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	2,8 M €	+303%	-1,4 M €	-287%	728,5 k €	+194%	247,7 k €	+117%	-1,5 M €	-300%	737,2 k €	-35.4%	1,1 M €	+46.5%	778,7 k €	+30.9%	594,9 k €	+273%	159,5 k €	+715%	19,6 k €	-63.0%	52,9 k €	-43.2%	93 k €	-27.0%	127,4 k €	+73.5%	73,4 k €	-21.6%	93,7 k €	-51.1%	191,5 k €	-35.9%	298,6 k €	-23.8%	391,8 k €	+71.6%	228,3 k €
Operating result	157,7 k €	+104%	-3,9 M €	-302%	-979 k €	+42.8%	-1,7 M €	+33.8%	-2,6 M €	-2434%	110,7 k €	-78.8%	523,2 k €	+4.5%	500,7 k €	+42.9%	350,3 k €	+172%	129 k €	+9683%	-1,3 k €	-120%	6,9 k €	-83.0%	40,4 k €	-40.3%	67,6 k €	-16.1%	80,5 k €	+253%	22,8 k €	-37.9%	36,8 k €	-78.3%	169,3 k €	-27.7%	234,2 k €	+277%	62,1 k €
Net result	27,8 k €	+101%	-3,9 M €	-208%	-1,3 M €	+48.3%	-2,4 M €	+20.6%	-3,1 M €	-1142%	-246,5 k €	-264%	150,1 k €	-12.4%	171,5 k €	+93.8%	88,5 k €	+113%	41,6 k €	+967%	3,9 k €	-60.1%	9,8 k €	-79.2%	46,9 k €	-64.4%	132 k €	+2437%	5,2 k €	-84.7%	33,9 k €	-44.4%	61,1 k €	-54.3%	133,7 k €	-19.4%	165,9 k €	+194%	56,4 k €
Balance sheet
Equity	-3,7 M €	-15.6%	-3,2 M €	-390%	1,1 M €	+307%	-539,7 k €	-127%	2 M €	-60.8%	5,1 M €	-4.3%	5,3 M €	+37.0%	3,9 M €	+30.1%	3 M €	+25.4%	2,4 M €	+150%	958 k €	+0.4%	954,1 k €	+1.0%	944,3 k €	+5.9%	892,1 k €	+1.1%	882,2 k €	+0.6%	877 k €	-15.8%	1 M €	+5.9%	982,7 k €	+15.8%	849 k €	-11.3%	957,1 k €
Total assets	15,3 M €	-6.0%	16,2 M €	-16.2%	19,4 M €	-6.4%	20,7 M €	+4.1%	19,9 M €	-9.5%	22 M €	+2.5%	21,4 M €	+13.6%	18,9 M €	+33.4%	14,1 M €	+48.3%	9,5 M €	+390%	1,9 M €	+87.3%	1 M €	-6.1%	1,1 M €	-18.0%	1,4 M €	+16.7%	1,2 M €	-6.9%	1,2 M €	+5.5%	1,2 M €	-13.8%	1,4 M €	-6.5%	1,5 M €	+2.9%	1,4 M €
Cash	17,9 k €	-79.3%	86,7 k €	-47.2%	164,1 k €	-72.2%	591 k €	+15.1%	513,6 k €	+190%	177 k €	+2.4%	173 k €	+55.5%	111,2 k €	-84.6%	722,5 k €	+98.7%	363,6 k €	+155%	142,7 k €	+36.2%	104,8 k €	-2.6%	107,5 k €	-58.0%	256,2 k €	+155%	100,5 k €	+2.2%	98,3 k €	+49.4%	65,8 k €	-43.8%	117 k €	-31.7%	171,3 k €	-12.2%	195 k €
Debts	18,6 M €	-2.0%	19 M €	+9.5%	17,3 M €	-7.4%	18,7 M €	+9.4%	17,1 M €	+7.0%	16 M €	+5.1%	15,2 M €	+9.3%	13,9 M €	+38.2%	10,1 M €	+68.6%	6 M €	+504%	988 k €	+1643%	56,7 k €	-57.0%	131,8 k €	-69.1%	426,5 k €	+77.7%	240 k €	-29.8%	341,8 k €	+203%	112,8 k €	-62.7%	302,6 k €	-42.5%	526,3 k €	+29.4%	406,7 k €
Other
Workforce	23,2 ETP	-13.1%	26,7 ETP	-16.3%	31,9 ETP	+11.9%	28,5 ETP	+13.5%	25,1 ETP		–		17,9 ETP	+6.5%	16,8 ETP	+5.0%	16,0 ETP		–		9,0 ETP	+11.1%	8,1 ETP	-21.4%	10,3 ETP	-5.5%	10,9 ETP	+17.2%	9,3 ETP	-3.1%	9,6 ETP	+20.0%	8,0 ETP	0.0%	8,0 ETP	-22.3%	10,3 ETP	-2.8%	10,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 14 ended

Active mandates

COREMAN

Mandate · 0871.720.885

Represented by Eric Doff-Sotta

Active

Jean-Philippe Moutschen

Mandate

Active

LUXEMBOURG DEVELOPPEMENT

Mandate · 0862.540.628

Represented by Jacques Pérard

Active

Patrick Moutschen

Mandate

Active

SPARAXIS

Mandate · 0452.116.307

Represented by Francine Turck

Active

Vincent Doumier

Mandate · 0502.670.529

Represented by Vincent Doumier

Active

Visium MV

Mandate · 0800.534.763

Represented by Marc-André Gennart

Active

Ended mandates

PATRICK MOUTSCHEN

Director · since 31 janvier 2022

Ended

ROMAIN TROXQUET

Managing director · since 31 janvier 2022

Ended

JEAN-PHILIPPE MOUTSCHEN

Director · since 24 mars 2016

Ended

ANNIE DETROUX

Manager · since 09 avril 1988

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	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/06/2026	20/08/2025	02/07/2024	31/08/2023	30/09/2022	16/09/2021
General meeting	22/05/2026	06/06/2025	25/04/2024	28/07/2023	30/09/2022	30/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/05/2026	09/06/2026	French	PDF
Abridged model	31/12/2024	06/06/2025	20/08/2025	French	PDF
Abridged model	31/12/2023	25/04/2024	02/07/2024	French	PDF
Abridged model	31/12/2022	28/07/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	30/09/2022	30/09/2022	French	PDF
Micro model	31/12/2020	30/06/2021	16/09/2021	French	PDF
Abridged model	31/12/2019	23/06/2020	28/10/2020	French	PDF
Abridged model	31/12/2018	29/05/2019	25/06/2019	French	PDF
Abridged model	31/12/2017	30/05/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	13/05/2017	31/07/2017	French	PDF
Abridged model	31/12/2015	14/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	13/05/2015	20/05/2015	French	PDF
Abridged model	31/12/2013	05/05/2014	16/05/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	23/05/2013	French	PDF
Abridged model	31/12/2011	23/05/2012	29/05/2012	French	PDF
Abridged model	31/12/2010	04/06/2011	11/06/2011	French	PDF
Abridged model	31/12/2009	15/05/2010	25/05/2010	French	PDF
Abridged model	31/12/2008	20/06/2009	29/06/2009	French	PDF
Abridged model	31/12/2007	14/06/2008	17/06/2008	French	PDF
Abridged modelCorrection	31/12/2006	26/05/2007	25/09/2007	French	PDF
Abridged model	31/12/2006	26/05/2007	29/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 7 active · 14 ended

Active mandates

COREMAN

Mandate · 0871.720.885

Represented by Eric Doff-Sotta

Active

Jean-Philippe Moutschen

Mandate

Active

LUXEMBOURG DEVELOPPEMENT

Mandate · 0862.540.628

Represented by Jacques Pérard

Active

Patrick Moutschen

Mandate

Active

SPARAXIS

Mandate · 0452.116.307

Represented by Francine Turck

Active

Vincent Doumier

Mandate · 0502.670.529

Represented by Vincent Doumier

Active

Visium MV

Mandate · 0800.534.763

Represented by Marc-André Gennart

Active

Ended mandates

PATRICK MOUTSCHEN

Director · since 31 janvier 2022

Ended

ROMAIN TROXQUET

Managing director · since 31 janvier 2022

Ended

JEAN-PHILIPPE MOUTSCHEN

Director · since 24 mars 2016

Ended

ANNIE DETROUX

Manager · since 09 avril 1988

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/12/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - OBJET - ASSEMBLEE GENERALE
PDF
Mandates20/02/2024
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates24/03/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates24/04/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates19/04/2016
DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates03/06/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/03/2007
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202527,8 k €↑
2025
Name changeMSP Bois
2024
Annual accounts 2024-3,9 M €↓
2023
Annual accounts 2023-1,3 M €↑
2022
Annual accounts 2022-2,4 M €↑
2021
Annual accounts 2021-3,1 M €↓
2021
Name changeSCIDUS
2020
Annual accounts 2020-246,5 k €↓
2019
Annual accounts 2019150,1 k €↓
2018
Annual accounts 2018171,5 k €↑
2017
Annual accounts 201788,5 k €↑
2016
Annual accounts 201641,6 k €↑
2015
Annual accounts 20153,9 k €↓
2014
Annual accounts 20149,8 k €↓
2013
Annual accounts 201346,9 k €↓
2012
Annual accounts 2012132 k €↑
2011
Annual accounts 20115,2 k €↓
2010
Annual accounts 201033,9 k €↓
2009
Annual accounts 200961,1 k €↓
2008
Annual accounts 2008133,7 k €↓
2007
Annual accounts 2007165,9 k €↑
2006
Annual accounts 200656,4 k €
01/01/1968
IncorporationPublic 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

MSP Bois

Overview

What does MSP Bois do?

Trend over 20 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