ACTIVE

M.S.G.

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Financial year 2025 · Closed on 31/12/2025

Net result
1,9 M €
-58,7 %over 1 year
Gross margin
997,9 k €
-68,0 %over 1 year
Equity
20,4 M €
+10,4 %over 1 year

Identity

Source · BCE/KBO

M.S.G. is a Public limited company incorporated in 1986. Its main activity is: Real estate agencies. Its registered office is in Zaventem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0429.216.090
Incorporation
18/06/1986
Legal form
Public limited company
Registered office
Da Vincilaan 2 box 243
1930 Zaventem · FlandreSee on map
Contributed capital
11 343 812,75 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin997,9 k €3,1 M €248,6 k €667,8 k €1,3 M €
EBITDA889,4 k €3 M €204,7 k €652,6 k €1,3 M €
Operating result889,4 k €3 M €204,7 k €652,6 k €1,3 M €
Net result1,9 M €4,7 M €1,6 M €488,5 k €945,9 k €
Balance sheet
Equity20,4 M €18,5 M €13,8 M €12,2 M €12,2 M €
Total assets26,5 M €24,6 M €22,3 M €12,9 M €14 M €
Cash385,1 k €287,1 k €555,1 k €681,8 k €296 k €
Debts6,1 M €6,1 M €8,5 M €721,8 k €1,9 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 6 ended

Active mandates

BELGIAN REAL ESTATE FINANCE

Director · since 18 mars 2020 · until 18 mars 2026 · 0671.792.306

Represented by Emmanuel Van Canneyt

Active

Ended mandates

BELGIAN REAL ESTATE FINANCE

Director · since 18 mars 2020 · 0671.792.306

Represented by Emmanuel Van Canneyt

Ended
BELGIAN REAL ESTATE FINANCE

Director · 0671.792.306

Represented by Emmanuel Van Canneyt

Ended
BELGIAN REAL ESTATE FINANCE

Manager · 0671.792.306

Represented by Emmanuel Van Canneyt

Ended
Bernard Goethals

Manager

Ended

Other companies at this address

Da Vincilaan 2 1930 Zaventem
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A.INT● Active
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Antwerp Land● Active
0879.550.270
Barisoma● Active
1029.623.227
Bastion Capital● Active
1027.247.321
Beam & Blaze● Active
1038.631.557
belfa● Active
0478.539.996
BELGIAN REAL ESTATE FINANCE● Active
0671.792.306
BelGoWarm● Active
1029.103.979
Beneluxplein● Active
0758.728.852
Berkenlaan● Active
0748.582.949
B FACILITIES● Active
0899.227.117
BORDET OFFICE● Active
0885.818.450
BRITENET● Active
1019.578.975
BRUSELLO XL● Active
0686.746.439
Brussels Canal Hotel● Active
0744.835.581
Brussels Land● Active
0461.318.340
BRUSSELS SENIOR RENT● Active
0872.001.789
BUILDING INVESTMENT PROJECTS● Active
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CARDS AND COMPANY● Active
0715.824.465

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date06/07/202606/07/202517/07/202428/08/202322/08/202223/08/2021
General meeting30/06/202630/06/202530/06/202430/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202606/07/2026DutchPDF
Abridged model31/12/202430/06/202506/07/2025DutchPDF
Abridged model31/12/202330/06/202417/07/2024DutchPDF
Abridged model31/12/202230/06/202328/08/2023DutchPDF
Abridged model31/12/202130/06/202222/08/2022DutchPDF
Abridged model31/12/202030/06/202123/08/2021DutchPDF
Abridged model31/12/201927/08/202025/09/2020DutchPDF
Abridged model31/12/201830/06/201929/08/2019DutchPDF
Abridged model31/12/201730/06/201828/08/2018DutchPDF
Abridged model31/12/201630/06/201721/08/2017DutchPDF
Abridged model31/12/201516/04/201622/04/2016DutchPDF
Abridged model31/12/201424/04/201504/05/2015DutchPDF
Abridged model31/12/201319/04/201425/04/2014DutchPDF
Abridged model31/12/201220/04/201326/04/2013DutchPDF
Abridged model31/12/201121/04/201230/04/2012DutchPDF
Abridged model31/12/201016/04/201103/05/2011DutchPDF
Abridged model31/12/200917/04/201007/05/2010DutchPDF
Abridged model31/12/200818/04/200927/04/2009DutchPDF
Abridged model31/12/200719/04/200829/04/2008DutchPDF
Abridged model31/12/200621/04/200727/04/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 6 ended

Active mandates

BELGIAN REAL ESTATE FINANCE

Director · since 18 mars 2020 · until 18 mars 2026 · 0671.792.306

Represented by Emmanuel Van Canneyt

Active

Ended mandates

BELGIAN REAL ESTATE FINANCE

Director · since 18 mars 2020 · 0671.792.306

Represented by Emmanuel Van Canneyt

Ended
BELGIAN REAL ESTATE FINANCE

Director · 0671.792.306

Represented by Emmanuel Van Canneyt

Ended
BELGIAN REAL ESTATE FINANCE

Manager · 0671.792.306

Represented by Emmanuel Van Canneyt

Ended
Bernard Goethals

Manager

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office22/04/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares09/12/2020
    KAPITAAL - AANDELEN - WIJZIGING RECHTSVORM
    PDF
  • Capital / shares24/11/2020
    KAPITAAL - AANDELEN
    PDF
  • Restructuring07/09/2020
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates22/04/2020
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Mandates09/05/2017
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares08/04/2014
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares29/02/2012
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,9 M €↓
  2. 2024
    Annual accounts 20244,7 M €↑
  3. 2023
    Annual accounts 20231,6 M €↑
  4. 2022
    Annual accounts 2022488,5 k €↓
  5. 2021
    Annual accounts 2021945,9 k €↑
  6. 2020
    Annual accounts 2020599,9 k €↑
  7. 2019
    Annual accounts 201940,9 k €↑
  8. 2018
    Annual accounts 201831,5 k €↑
  9. 2017
    Annual accounts 201731 k €↑
  10. 2016
    Annual accounts 201619 k €↑
  11. 2015
    Annual accounts 201512,7 k €↑
  12. 2014
    Annual accounts 20146 k €↓
  13. 2013
    Annual accounts 201331,9 k €↓
  14. 2012
    Annual accounts 201244,4 k €↑
  15. 2011
    Annual accounts 201139,6 k €↓
  16. 2010
    Annual accounts 2010563,3 k €↑
  17. 2009
    Annual accounts 200926,1 k €↑
  18. 2008
    Annual accounts 200819,7 k €↑
  19. 2007
    Annual accounts 200712,4 k €↓
  20. 2006
    Annual accounts 200629,9 k €
  21. 18/06/1986
    IncorporationPublic limited company