ACTIVE

MSI VASTGOED

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Financial year 2025 · Closed on 31/12/2025

Net result
10,3 k €
+121,7 %over 1 year
Gross margin
282,6 k €
+3,2 %over 1 year
Equity
5,6 M €
-0,5 %over 1 year
Workforce
1,0 ETP
0,0 %over 1 year

Identity

Source · BCE/KBO

MSI VASTGOED is a Public limited company incorporated in 1991. Its registered office is in Houthalen-Helchteren. It employs on average 1,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0442.689.390
Incorporation
25/01/1991
Legal form
Public limited company
Registered office
Hengelhoefdreef 2
3530 Houthalen-Helchteren · FlandreSee on map
Contributed capital
4 839 746,23 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Joint committees (1)
  • 323
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin282,6 k €273,8 k €205,4 k €493,6 k €233,9 k €
EBITDA168,8 k €155,3 k €96,4 k €399,8 k €146,3 k €
Operating result10 k €14 k €-48,5 k €256 k €1,9 k €
Net result10,3 k €4,7 k €-55,9 k €171,7 k €-8,5 k €
Balance sheet
Equity5,6 M €5,6 M €5,6 M €5,6 M €5,5 M €
Total assets7,7 M €6 M €6,1 M €6,3 M €6,1 M €
Cash261,8 k €37,9 k €180,2 k €329,9 k €91,8 k €
Debts2,1 M €364,5 k €467,9 k €572,6 k €664,9 k €
Other
Workforce1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 39 ended

Active mandates

Benjamin Vandervoort

Director

Active
Godelieve Pollet

Director

Active
GODERSI

Chairman of the board of directors · 0782.455.844

Represented by Lisiane Casemans

Active
Guido Brouwers

Director

Active
Guy Gutschoven

Director

Active
Jozef Meyers

Vice-chairman of the board of directors

Active
Leon Ceyssens

Director

Active
MACONIM

Managing director · 0781.914.921

Represented by Patrick Siborgs

Active

Ended mandates

Benjamin Vandervoort

Director · since 25 octobre 2022

Ended
GODERSI

Chairman of the board of directors · since 31 mai 2022 · 0782.455.844

Represented by Lisiane Cosemans

Ended
MACONIM

Managing director · since 31 mai 2022 · 0781.914.921

Represented by Patrick Siborgs

Ended
Godelieve Pollet

Director · since 23 novembre 2016

Ended

Other companies at this address

Hengelhoefdreef 2 3530 Houthalen-Helchteren
CompanyCBE no.
Gezondheidszorg Limburg● Active
0406.530.166
KASTEEL ENGELHOF● Active
0748.775.662

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 date23/06/202602/07/202501/07/202404/07/202330/06/202201/07/2021
General meeting02/06/202603/06/202504/06/202426/06/202307/06/202201/06/2021
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 model31/12/202502/06/202623/06/2026DutchPDF
Abridged model31/12/202403/06/202502/07/2025DutchPDF
Abridged model31/12/202304/06/202401/07/2024DutchPDF
Abridged model31/12/202226/06/202304/07/2023DutchPDF
Abridged model31/12/202107/06/202230/06/2022DutchPDF
Abridged model31/12/202001/06/202101/07/2021DutchPDF
Full model31/12/201909/06/202001/07/2020DutchPDF
Full model31/12/201804/06/201903/07/2019DutchPDF
Full model31/12/201705/06/201802/07/2018DutchPDF
Full model31/12/201626/06/201727/06/2017DutchPDF
Full model31/12/201507/06/201614/06/2016DutchPDF
Full model31/12/201402/06/201519/06/2015DutchPDF
Full model31/12/201303/06/201416/06/2014DutchPDF
Full model31/12/201204/06/201320/06/2013DutchPDF
Full model31/12/201105/06/201205/07/2012DutchPDF
Full model31/12/201007/06/201105/07/2011DutchPDF
Full model31/12/200901/06/201008/06/2010DutchPDF
Full model31/12/200802/06/200924/06/2009DutchPDF
Full model31/12/200722/04/200813/05/2008DutchPDF
Abridged model31/12/200605/06/200707/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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

8 active · 39 ended

Active mandates

Benjamin Vandervoort

Director

Active
Godelieve Pollet

Director

Active
GODERSI

Chairman of the board of directors · 0782.455.844

Represented by Lisiane Casemans

Active
Guido Brouwers

Director

Active
Guy Gutschoven

Director

Active
Jozef Meyers

Vice-chairman of the board of directors

Active
Leon Ceyssens

Director

Active
MACONIM

Managing director · 0781.914.921

Represented by Patrick Siborgs

Active

Ended mandates

Benjamin Vandervoort

Director · since 25 octobre 2022

Ended
GODERSI

Chairman of the board of directors · since 31 mai 2022 · 0782.455.844

Represented by Lisiane Cosemans

Ended
MACONIM

Managing director · since 31 mai 2022 · 0781.914.921

Represented by Patrick Siborgs

Ended
Godelieve Pollet

Director · since 23 novembre 2016

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other06/07/2026
    —
    PDF
  • Restructuring02/03/2026
    ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Registered office17/02/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Restructuring14/11/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates07/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/09/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office26/01/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates13/12/2022
    ONTSLAGEN - BENOEMINGEN
    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 202510,3 k €↑
  2. 2024
    Annual accounts 20244,7 k €↑
  3. 2023
    Annual accounts 2023-55,9 k €↓
  4. 2022
    Annual accounts 2022171,7 k €↑
  5. 2021
    Annual accounts 2021-8,5 k €↓
  6. 2020
    Annual accounts 20209,8 k €↓
  7. 2019
    Annual accounts 201932,6 k €↓
  8. 2018
    Annual accounts 201859,4 k €↑
  9. 2017
    Annual accounts 201755,7 k €↓
  10. 2016
    Annual accounts 2016102,1 k €↑
  11. 2015
    Annual accounts 201592,9 k €↑
  12. 2014
    Annual accounts 201453,2 k €↑
  13. 2013
    Annual accounts 201336,1 k €↓
  14. 2012
    Annual accounts 2012222 k €↓
  15. 2011
    Annual accounts 2011591 k €↑
  16. 2010
    Annual accounts 2010-32,1 k €↑
  17. 2009
    Annual accounts 2009-38,3 k €↑
  18. 2008
    Annual accounts 2008-51,3 k €↓
  19. 2006
    Annual accounts 2006-12,9 k €
  20. 25/01/1991
    IncorporationPublic limited company