ACTIVE

MusGeorges

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Financial year 2025 · closed on 31/03/2025

Net result

11,7 k €

+2446.6% YoY

Gross margin

29,9 k €

+101.0% YoY

Equity

256,7 k €

-4.5% YoY

What does MusGeorges do?

MusGeorges is a Private company with limited liability incorporated in 1961. Its registered office is in Hemiksem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.683.316

Incorporation

07/06/1961

Legal form

Private company with limited liability

Registered office

Emiel Creadolaan 21
2620 Hemiksem · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/03/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	29,9 k €	+101%	14,9 k €	-54.8%	32,9 k €	+8.2%	30,4 k €	-19.4%	37,7 k €	+22.1%	30,9 k €	-6.4%	33 k €	+9.1%	30,3 k €	+12.6%	26,9 k €	-19.5%	33,4 k €	+10.0%	30,4 k €	+39.3%	21,8 k €	-3.2%	22,5 k €	+101%	11,2 k €	-21.9%	14,3 k €	+12.8%	12,7 k €	+16.8%	10,9 k €	+32.0%	8,2 k €
EBITDA	24,8 k €	+183%	8,8 k €	-73.3%	32,8 k €	+20.7%	27,2 k €	-22.4%	35,1 k €	+23.1%	28,5 k €	-5.7%	30,2 k €	+9.9%	27,5 k €	+14.2%	24,1 k €	-21.5%	30,7 k €	+11.2%	27,6 k €	+44.2%	19,1 k €	-4.0%	19,9 k €	+130%	8,7 k €	-26.7%	11,8 k €	+12.4%	10,5 k €	+20.4%	8,7 k €	+35.2%	6,5 k €
Operating result	17,2 k €	+1801%	-1 k €	-105%	21,2 k €	+29.2%	16,4 k €	-30.5%	23,7 k €	+40.1%	16,9 k €	-10.0%	18,8 k €	+4.9%	17,9 k €	+22.5%	14,6 k €	+39.1%	10,5 k €	+16.9%	9 k €	+277%	2,4 k €	-43.4%	4,2 k €	+160%	-7 k €	-208%	-2,3 k €	+19.6%	-2,8 k €	+36.3%	-4,4 k €	+35.3%	-6,9 k €
Net result	11,7 k €	+2447%	-496,7 €	-103%	14,8 k €	+35.9%	10,9 k €	-35.3%	16,9 k €	-28.7%	23,7 k €	+19.4%	19,8 k €	+3.8%	19,1 k €	+28.0%	14,9 k €	+28.4%	11,6 k €	+3.0%	11,3 k €	+226%	3,5 k €	-24.6%	4,6 k €	+166%	-6,9 k €	-458%	-1,2 k €	+24.8%	-1,7 k €	+58.7%	-4 k €	+35.5%	-6,2 k €
Balance sheet
Equity	256,7 k €	-4.5%	268,7 k €	-7.0%	289,1 k €	-1.5%	293,4 k €	-2.9%	302,2 k €	+5.9%	285,3 k €	+9.1%	261,6 k €	+8.2%	241,8 k €	+8.6%	222,6 k €	+7.2%	207,7 k €	+5.9%	196,1 k €	+6.1%	184,8 k €	+1.9%	181,3 k €	+2.6%	176,7 k €	-3.8%	183,7 k €	-12.5%	209,9 k €	-0.8%	211,6 k €	-1.9%	215,6 k €
Total assets	274,6 k €	-0.9%	277 k €	-11.6%	313,5 k €	+1.9%	307,8 k €	-3.3%	318,2 k €	+7.3%	296,7 k €	+10.3%	269 k €	+8.2%	248,6 k €	+8.9%	228,2 k €	+6.2%	214,8 k €	+7.6%	199,7 k €	+6.6%	187,4 k €	+2.2%	183,3 k €	+2.7%	178,5 k €	-3.0%	184 k €	-12.9%	211,3 k €	-0.4%	212,1 k €	-1.9%	216,3 k €
Cash	177,8 k €	+3.2%	172,4 k €	-13.1%	198,4 k €	+8.5%	182,9 k €	-4.4%	191,3 k €	+19.5%	160,1 k €	+102%	79,4 k €	+12.3%	70,7 k €	+42.8%	49,5 k €	+72.4%	28,7 k €	+70.4%	16,8 k €	+192%	5,8 k €	-39.5%	9,5 k €	+600%	1,4 k €	-64.1%	3,8 k €	-24.1%	5 k €	-43.5%	8,9 k €	+323%	2,1 k €
Debts	17 k €	+117%	7,8 k €	-67.6%	24,2 k €	+69.2%	14,3 k €	-8.1%	15,5 k €	+36.4%	11,4 k €	+57.5%	7,2 k €	+7.8%	6,7 k €	+26.5%	5,3 k €	-23.1%	6,9 k €	+104%	3,4 k €	+42.3%	2,4 k €	+36.8%	1,7 k €	+10.4%	1,6 k €	+789%	176,7 €	-70.0%	588,9 €	+91.8%	307 €	-33.1%	459 €

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 31/03/2025 · 1 active · 4 ended

Active mandates

Hans Mus

Director · since 22 septembre 2011

Active

Ended mandates

Hans Mus

Manager · since 22 septembre 2011

Ended

Georges Gilbert Mus

Director · until 11 mars 2021

Ended

Georges Gilbert Mus

Manager

Ended

Hans Mus

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	19/12/2024	26/09/2023	28/10/2022	29/10/2021	30/10/2020
General meeting	24/07/2025	25/07/2024	27/07/2023	30/09/2022	30/09/2021	30/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	24/07/2025	30/09/2025	Dutch	PDF
Micro model	31/03/2024	25/07/2024	19/12/2024	Dutch	PDF
Micro model	31/03/2023	27/07/2023	26/09/2023	Dutch	PDF
Micro model	31/03/2022	30/09/2022	28/10/2022	Dutch	PDF
Micro model	31/03/2021	30/09/2021	29/10/2021	Dutch	PDF
Micro model	31/03/2020	30/09/2020	30/10/2020	Dutch	PDF
Micro model	31/03/2019	26/09/2019	10/10/2019	Dutch	PDF
Micro model	31/03/2018	20/09/2018	05/10/2018	Dutch	PDF
Micro model	31/03/2017	27/07/2017	25/09/2017	Dutch	PDF
Abridged model	31/03/2016	28/07/2016	21/09/2016	Dutch	PDF
Abridged model	31/03/2015	23/07/2015	24/09/2015	Dutch	PDF
Abridged model	31/03/2014	24/07/2014	14/08/2014	Dutch	PDF
Abridged model	31/03/2013	25/07/2013	20/09/2013	Dutch	PDF
Abridged model	31/03/2012	26/07/2012	13/08/2012	Dutch	PDF
Abridged model	31/03/2011	28/07/2011	24/08/2011	Dutch	PDF
Abridged model	31/03/2010	22/07/2010	16/09/2010	Dutch	PDF
Abridged model	31/03/2009	23/07/2009	15/10/2009	Dutch	PDF
Abridged model	31/03/2008	24/07/2008	17/11/2008	Dutch	PDF
Abridged model	31/03/2007	26/07/2007	02/10/2007	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 31/03/2025 · 1 active · 4 ended

Active mandates

Hans Mus

Director · since 22 septembre 2011

Active

Ended mandates

Hans Mus

Manager · since 22 septembre 2011

Ended

Georges Gilbert Mus

Director · until 11 mars 2021

Ended

Georges Gilbert Mus

Manager

Ended

Hans Mus

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office17/07/2024
MAATSCHAPPELIJKE ZETEL
PDF
Registered office11/09/2023
MAATSCHAPPELIJKE ZETEL
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 202511,7 k €↑
2024
Annual accounts 2024-496,7 €↓
2023
Annual accounts 202314,8 k €↑
2022
Annual accounts 202210,9 k €↓
2020
Annual accounts 202016,9 k €↓
2019
Annual accounts 201923,7 k €↑
2018
Annual accounts 201819,8 k €↑
2017
Annual accounts 201719,1 k €↑
2016
Annual accounts 201614,9 k €↑
2015
Annual accounts 201511,6 k €↑
2014
Annual accounts 201411,3 k €↑
2013
Annual accounts 20133,5 k €↓
2012
Annual accounts 20124,6 k €↑
2011
Annual accounts 2011-6,9 k €↓
2010
Annual accounts 2010-1,2 k €↑
2009
Annual accounts 2009-1,7 k €↑
2008
Annual accounts 2008-4 k €↑
2007
Annual accounts 2007-6,2 k €
07/06/1961
IncorporationPrivate company with limited liability

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

MusGeorges

Overview

What does MusGeorges do?

Trend over 18 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