ACTIVE

MSD Metalworking (SA)

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Financial year 2025 · closed on 31/12/2025

Net result

798,8 k €

+2.4% YoY

Gross margin

3,2 M €

+1.1% YoY

Equity

3,6 M €

+2.8% YoY

Workforce

33,3 ETP

-7.5% YoY

What does MSD Metalworking do?

MSD Metalworking is a Public limited company incorporated in 1988. Its registered office is in Dilsen-Stokkem. It employs on average 33,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.055.481

Incorporation

29/11/1988

Legal form

Public limited company

Registered office

Siemenslaan 6
3650 Dilsen-Stokkem · FlandreSee on map

Contributed capital

148 736,11 €

Latest accounts

31/12/2025

Average workforce

33,3 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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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
Gross margin	3,2 M €	+1.1%	3,2 M €	+9.5%	2,9 M €	+5.1%	2,8 M €	-20.5%	3,5 M €	+15.4%	3 M €	-11.5%	3,4 M €	+4.4%	3,3 M €	+12.2%	2,9 M €	+9.9%	2,6 M €	-2.5%	2,7 M €	+22.5%	2,2 M €	-0.2%	2,2 M €	+19.2%	1,9 M €	+7.2%	1,7 M €	+24.2%	1,4 M €	+26.0%	1,1 M €	-12.6%	1,3 M €	+29.8%	976,7 k €	+9.4%	893 k €
EBITDA	1 M €	+1.7%	1 M €	+55.9%	650,2 k €	+12.0%	580,5 k €	-60.0%	1,5 M €	+22.3%	1,2 M €	-13.8%	1,4 M €	-3.4%	1,4 M €	+27.0%	1,1 M €	+9.3%	1 M €	-13.2%	1,2 M €	+49.5%	790,8 k €	-7.4%	853,9 k €	+53.9%	555 k €	-4.3%	580 k €	+47.7%	392,7 k €	+17.7%	333,6 k €	-22.5%	430,6 k €	+55.9%	276,1 k €	+9.0%	253,3 k €
Operating result	827,7 k €	+0.6%	822,4 k €	+73.1%	475,1 k €	+49.5%	317,7 k €	-71.8%	1,1 M €	+39.0%	811,7 k €	+15.7%	701,7 k €	+2.7%	683,4 k €	+66.5%	410,3 k €	+101%	204,2 k €	-63.1%	553,5 k €	+107%	267,9 k €	-17.2%	323,5 k €	+1128%	26,4 k €	-85.0%	175,8 k €	+128%	77 k €	+425%	-23,7 k €	-127%	88,1 k €	+0.9%	87,3 k €	+17.2%	74,5 k €
Net result	798,8 k €	+2.4%	780,2 k €	+126%	344,7 k €	+41.9%	243 k €	-72.5%	883,2 k €	+43.6%	614,9 k €	+6.9%	575,4 k €	+17.2%	490,9 k €	+49.8%	327,6 k €	+85.2%	176,9 k €	-50.6%	358,3 k €	+115%	166,8 k €	-12.8%	191,2 k €	+9373%	-2,1 k €	-102%	132,4 k €	+121%	60 k €	+210%	-54,4 k €	-161%	88,7 k €	+19.2%	74,4 k €	+12.9%	65,9 k €
Balance sheet
Equity	3,6 M €	+2.8%	3,5 M €	+3.7%	3,4 M €	+7.8%	3,1 M €	+5.6%	3 M €	+37.3%	2,2 M €	+29.6%	1,7 M €	+30.9%	1,3 M €	+25.6%	1 M €	+19.7%	850,4 k €	+6.5%	798,5 k €	+81.4%	440,2 k €	+27.4%	345,4 k €	+42.6%	242,2 k €	-22.4%	312,3 k €	+30.2%	239,9 k €	+33.3%	180 k €	-23.2%	234,4 k €	+2.0%	229,7 k €	+11.9%	205,3 k €
Total assets	5 M €	+5.0%	4,7 M €	+12.1%	4,2 M €	+6.5%	4 M €	+1.3%	3,9 M €	+16.4%	3,4 M €	+17.9%	2,8 M €	+8.4%	2,6 M €	-6.8%	2,8 M €	+9.1%	2,6 M €	+29.6%	2 M €	+10.2%	1,8 M €	-3.2%	1,9 M €	+11.6%	1,7 M €	+0.6%	1,7 M €	+42.9%	1,2 M €	+9.7%	1,1 M €	-4.0%	1,1 M €	+1.0%	1,1 M €	+18.5%	925 k €
Cash	455,3 k €	-56.9%	1,1 M €	+16.1%	911,1 k €	-20.3%	1,1 M €	+10.6%	1 M €	-22.3%	1,3 M €	+129%	580,5 k €	+5.8%	548,7 k €	+110%	260,8 k €	+2.9%	253,4 k €	+153%	100,3 k €	-60.4%	253,4 k €	+57.8%	160,6 k €	+9.2%	147,1 k €	-61.7%	383,7 k €	+165%	145 k €	-11.5%	163,9 k €	+23.5%	132,7 k €	-31.6%	193,9 k €	+168%	72,3 k €
Debts	1,3 M €	+11.8%	1,2 M €	+48.4%	786,1 k €	+1.8%	772,2 k €	-13.7%	894,3 k €	-21.4%	1,1 M €	+1.4%	1,1 M €	-15.8%	1,3 M €	-24.3%	1,8 M €	+3.5%	1,7 M €	+43.3%	1,2 M €	-13.4%	1,4 M €	-8.3%	1,5 M €	+4.4%	1,4 M €	+5.9%	1,4 M €	+47.2%	917,8 k €	+4.0%	882,2 k €	+1.9%	866,1 k €	-0.0%	866,2 k €	+20.4%	719,6 k €
Other
Workforce	33,3 ETP	-7.5%	36,0 ETP	-3.7%	37,4 ETP	-5.6%	39,6 ETP	+2.1%	38,8 ETP	-3.0%	40,0 ETP	-2.7%	41,1 ETP	+6.5%	38,6 ETP	+9.0%	35,4 ETP	+0.9%	35,1 ETP	+8.7%	32,3 ETP	+7.7%	30,0 ETP	+1.0%	29,7 ETP	+4.9%	28,3 ETP	+7.6%	26,3 ETP	+14.3%	23,0 ETP	+25.7%	18,3 ETP	-5.7%	19,4 ETP	+8.4%	17,9 ETP	+9.8%	16,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 22 ended

Active mandates

FLOOR SERVICES

Managing director · since 07 juin 2025 · until 06 juin 2031 · 0888.180.104

Represented by Marc Dessers

Active

Sara Thevissen

Director · since 07 juin 2025 · until 06 juin 2031

Active

Ended mandates

REMOTE CONTROL SOLUTIONS

Director · since 01 janvier 2020 · until 06 juin 2025 · 0650.551.185

Represented by Erik Schreurs-Colson

Ended

Erik Schreurs - Colson

Managing director · since 07 juin 2019 · until 06 juin 2025

Ended

Erik Schreurs-Colson

Managing director · since 07 juin 2019 · until 06 juin 2025

Ended

FLOOR SERVICES

Managing director · since 07 juin 2019 · until 06 juin 2025 · 0888.180.104

Represented by Marc Dessers

Ended

At this address

Other companies at this address

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Keuken van Sou● Active	0744.650.489
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SOUS LE VENT● Active	0783.615.587
THEVISSEN CV & SANITAIR● Active	0678.758.290
Wissen Solutions● Active	1036.875.857

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	29/06/2026	30/06/2025	28/08/2024	08/08/2023	28/06/2022	02/08/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	29/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	28/08/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	08/08/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	02/08/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	06/06/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	27/06/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	23/06/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	18/10/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	15/09/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	22/07/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	01/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	10/10/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	08/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	27/07/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	21/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 22 ended

Active mandates

FLOOR SERVICES

Managing director · since 07 juin 2025 · until 06 juin 2031 · 0888.180.104

Represented by Marc Dessers

Active

Sara Thevissen

Director · since 07 juin 2025 · until 06 juin 2031

Active

Ended mandates

REMOTE CONTROL SOLUTIONS

Director · since 01 janvier 2020 · until 06 juin 2025 · 0650.551.185

Represented by Erik Schreurs-Colson

Ended

Erik Schreurs - Colson

Managing director · since 07 juin 2019 · until 06 juin 2025

Ended

Erik Schreurs-Colson

Managing director · since 07 juin 2019 · until 06 juin 2025

Ended

FLOOR SERVICES

Managing director · since 07 juin 2019 · until 06 juin 2025 · 0888.180.104

Represented by Marc Dessers

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/11/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/05/2007
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/12/2002
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 2025798,8 k €↑
2024
Annual accounts 2024780,2 k €↑
2023
Annual accounts 2023344,7 k €↑
2022
Annual accounts 2022243 k €↓
2021
Annual accounts 2021883,2 k €↑
2020
Annual accounts 2020614,9 k €↑
2019
Annual accounts 2019575,4 k €↑
2018
Annual accounts 2018490,9 k €↑
2017
Annual accounts 2017327,6 k €↑
2016
Annual accounts 2016176,9 k €↓
2015
Annual accounts 2015358,3 k €↑
2014
Annual accounts 2014166,8 k €↓
2013
Annual accounts 2013191,2 k €↑
2012
Annual accounts 2012-2,1 k €↓
2011
Annual accounts 2011132,4 k €↑
2010
Annual accounts 201060 k €↑
2009
Annual accounts 2009-54,4 k €↓
2008
Annual accounts 200888,7 k €↑
2007
Annual accounts 200774,4 k €↑
2006
Annual accounts 200665,9 k €
29/11/1988
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

MSD Metalworking (SA)

Overview

What does MSD Metalworking do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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