MSE & C°
0428.503.141 · rovalta.com · 23/09/2026
ACTIVE
MSE & C°
Financial year 2025 · closed on 31/12/2025
Net result
7,9 k €
-9.9% YoY
Gross margin
28,2 k €
-3.0% YoY
Equity
-2,8 k €
+73.7% YoY
Overview
What does MSE & C° do?
MSE & C° is a Public limited company incorporated in 1986. Its main activity is: Wholesale of electrical household appliances. Its registered office is in Watermael-Boitsfort.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0428.503.141
Incorporation
06/06/1986
Legal form
Public limited company
Registered office
Rue de la Herse 34
1170 Watermael-Boitsfort · BruxellesSee on map
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
74 358,06 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (1)
- 14901
Signals
ProfitablePositive cashflowPositive EBITDA
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 28,2 k € | -3.0% | 29,1 k € | +38.0% | 21,1 k € | +59.3% | 13,2 k € | +488% | 2,2 k € | -74.7% | 8,9 k € | -90.0% | 89 k € | -25.5% | 119,5 k € | +8.1% | 110,5 k € | +4.2% | 106,1 k € | +133% | 45,5 k € | -1.2% | 46 k € | +67.4% | 27,5 k € | +1179% | -2,5 k € | -168% | 3,7 k € | -82.3% | 21,1 k € | +33.7% | 15,8 k € | -21.2% | 20 k € |
| EBITDA | 27,1 k € | -2.3% | 27,7 k € | +40.3% | 19,8 k € | +64.0% | 12 k € | +658% | 1,6 k € | -79.9% | 7,9 k € | -91.1% | 89 k € | -22.9% | 115,4 k € | +8.1% | 106,7 k € | +1.5% | 105,1 k € | +136% | 44,5 k € | -2.4% | 45,6 k € | +90.8% | 23,9 k € | +925% | -2,9 k € | -185% | 3,4 k € | -83.4% | 20,5 k € | +235% | -15,1 k € | +65.0% | -43,2 k € |
| Operating result | 13,5 k € | -1.5% | 13,7 k € | -19.1% | 17 k € | +59.5% | 10,6 k € | +959% | 1 k € | -82.2% | 5,6 k € | -93.3% | 84,8 k € | -22.7% | 109,8 k € | +7.8% | 101,8 k € | +4.7% | 97,3 k € | +167% | 36,4 k € | -3.4% | 37,7 k € | +144% | 15,5 k € | +634% | -2,9 k € | -185% | 3,4 k € | -83.4% | 20,5 k € | +235% | -15,1 k € | +67.0% | -45,7 k € |
| Net result | 7,9 k € | -9.9% | 8,7 k € | -21.9% | 11,2 k € | +85.3% | 6 k € | +2718% | -230,3 € | -107% | 3,1 k € | -94.5% | 57 k € | -20.9% | 72 k € | +11.4% | 64,6 k € | +2.4% | 63,1 k € | +261% | 17,5 k € | -16.1% | 20,8 k € | +32.4% | 15,7 k € | +614% | -3,1 k € | -168% | 4,5 k € | -65.5% | 13,1 k € | +158% | -22,5 k € | +56.8% | -52,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | -2,8 k € | +73.7% | -10,7 k € | +45.0% | -19,4 k € | +36.6% | -30,6 k € | +16.5% | -36,6 k € | -0.6% | -36,4 k € | +7.9% | -39,5 k € | +59.1% | -96,5 k € | +42.7% | -168,5 k € | +27.7% | -233,1 k € | +21.3% | -296,2 k € | +5.6% | -313,7 k € | +6.2% | -334,5 k € | +4.5% | -350,3 k € | -0.9% | -347,2 k € | +1.3% | -351,7 k € | +3.6% | -364,8 k € | -6.6% | -342,3 k € |
| Total assets | 42,3 k € | -21.9% | 54,2 k € | +161% | 20,8 k € | +27.5% | 16,3 k € | +117% | 7,5 k € | -18.8% | 9,2 k € | -51.6% | 19,1 k € | -49.1% | 37,5 k € | +3.0% | 36,4 k € | -5.7% | 38,6 k € | +47.2% | 26,2 k € | -29.0% | 36,9 k € | -15.7% | 43,8 k € | +5742% | 750 € | -98.1% | 38,5 k € | -53.3% | 82,6 k € | +26216% | 314 € | -98.4% | 19,1 k € |
| Cash | 19,6 k € | +85.9% | 10,6 k € | +212% | 3,4 k € | -44.4% | 6,1 k € | – | – | 3,5 k € | -54.1% | 7,6 k € | -51.8% | 15,7 k € | +26.5% | 12,4 k € | +270% | 3,4 k € | -61.8% | 8,8 k € | +3.1% | 8,5 k € | +5125% | 163 € | -99.3% | 23,2 k € | +13.4% | 20,5 k € | +6429% | 314 € | -61.2% | 810 € | |||
| Debts | 45,1 k € | -30.4% | 64,8 k € | +61.3% | 40,2 k € | -14.3% | 46,8 k € | +6.3% | 44,1 k € | -3.3% | 45,6 k € | -22.2% | 58,6 k € | -56.3% | 134 k € | -34.6% | 204,9 k € | -24.6% | 271,7 k € | -15.7% | 322,5 k € | -8.0% | 350,6 k € | -7.3% | 378,3 k € | +7.8% | 351 k € | -9.0% | 385,7 k € | -11.2% | 434,3 k € | +19.0% | 365,1 k € | +1.0% | 361,4 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 1,3 ETP | 0.0% | 1,3 ETP | ||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2024 · 3 active · 13 ended
Active mandates
Edouard Dolne
ActiveMarc Simon
ActiveSophie Dolne
ActiveEnded mandates
EDOUARD DOLNE
EndedMarc SIMON
EndedMARC SIMON
EndedSOPHIE DOLNE
EndedFinancials
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 | 01/01/2025 | 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 | 03/06/2026 | 30/08/2025 | 08/04/2024 | 13/04/2023 | 31/03/2022 | 31/03/2021 |
| General meeting | 28/05/2026 | 06/03/2025 | 07/03/2024 | 02/03/2023 | 03/03/2022 | 04/03/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 28/05/2026 | 03/06/2026 | French | |
| Micro model | 31/12/2024 | 06/03/2025 | 30/08/2025 | French | |
| Micro model | 31/12/2023 | 07/03/2024 | 08/04/2024 | French | |
| Micro model | 31/12/2022 | 02/03/2023 | 13/04/2023 | French | |
| Micro model | 31/12/2021 | 03/03/2022 | 31/03/2022 | French | |
| Micro model | 31/12/2020 | 04/03/2021 | 31/03/2021 | French | |
| Micro model | 31/12/2019 | 05/03/2020 | 23/04/2020 | French | |
| Micro model | 31/12/2018 | 07/03/2019 | 02/04/2019 | French | |
| Micro model | 31/12/2017 | 01/03/2018 | 15/05/2018 | French | |
| Abridged model | 31/12/2016 | 02/03/2017 | 07/03/2017 | French | |
| Abridged model | 31/12/2015 | 03/03/2016 | 14/03/2016 | French | |
| Abridged model | 31/12/2014 | 05/03/2015 | 08/04/2015 | French | |
| Abridged model | 31/12/2013 | 06/03/2014 | 02/10/2014 | French | |
| Abridged model | 31/12/2012 | 03/07/2013 | 30/09/2013 | French | |
| Abridged model | 31/12/2011 | 25/05/2012 | 21/08/2012 | French | |
| Abridged model | 31/12/2010 | 25/05/2011 | 20/08/2011 | French | |
| Abridged model | 31/12/2009 | 24/03/2010 | 08/04/2010 | French | |
| Abridged model | 31/12/2008 | 29/03/2009 | 06/05/2009 | French | |
| Abridged model | 31/12/2007 | 21/03/2008 | 18/04/2008 | French | |
| Abridged model | 31/12/2006 | 22/03/2007 | 20/04/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2024 · 3 active · 13 ended
Active mandates
Edouard Dolne
ActiveMarc Simon
ActiveSophie Dolne
ActiveEnded mandates
EDOUARD DOLNE
EndedMarc SIMON
EndedMARC SIMON
EndedSOPHIE DOLNE
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20257,9 k €↓
- 2024Annual accounts 20248,7 k €↓
- 2024Name changeMSE & Co
- 2023Annual accounts 202311,2 k €↑
- 2022Annual accounts 20226 k €↑
- 2022Name changeMSE & C° SA
- 2021Annual accounts 2021-230,3 €↓
- 2020Annual accounts 20203,1 k €↓
- 2019Annual accounts 201957 k €↓
- 2018Annual accounts 201872 k €↑
- 2017Annual accounts 201764,6 k €↑
- 2016Annual accounts 201663,1 k €↑
- 2015Annual accounts 201517,5 k €↓
- 2014Annual accounts 201420,8 k €↑
- 2013Annual accounts 201315,7 k €↑
- 2012Annual accounts 2012-3,1 k €↓
- 2011Annual accounts 20114,5 k €↓
- 2010Annual accounts 201013,1 k €↑
- 2009Annual accounts 2009-22,5 k €↑
- 2008Annual accounts 2008-52,1 k €
- 06/06/1986IncorporationPublic limited company