MUSANA CORPORATION
0448.856.018 · rovalta.com · 26/09/2026
ACTIVE
MUSANA CORPORATION
Financial year 2025 · Closed on 31/12/2025
Net result74,1 k €-47,6 %over 1 year
Gross margin-13 k €-116,7 %over 1 year
Equity3,2 M €+2,4 %over 1 year
Overview
Identity
Source · BCE/KBOMUSANA CORPORATION is a Public limited company incorporated in 1992. Its registered office is in Waterloo.
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0448.856.018
- Incorporation
- 07/12/1992
- Legal form
- Public limited company
- Registered office
- Avenue du Manoir 101
1410 Waterloo · WallonieSee on map - Contributed capital
- 867 627,34 €
- Latest accounts
- 31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
Financials
Source · NBB, 20 filingsTrend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | -13 k € | -117% | 77,9 k € | -12.3% | 88,8 k € | +23.4% | 72 k € | -5.3% | 76 k € |
| EBITDA | -26 k € | -140% | 65,3 k € | -14.7% | 76,6 k € | +25.8% | 60,9 k € | -2.3% | 62,3 k € |
| Operating result | -48,7 k € | -213% | 42,9 k € | -20.8% | 54,1 k € | +40.9% | 38,4 k € | -4.0% | 40 k € |
| Net result | 74,1 k € | -47.6% | 141,6 k € | +10.0% | 128,7 k € | -6.1% | 137,1 k € | +9.5% | 125,2 k € |
| Balance sheet | |||||||||
| Equity | 3,2 M € | +2.4% | 3,1 M € | +4.8% | 3 M € | +4.5% | 2,8 M € | +5.1% | 2,7 M € |
| Total assets | 3,2 M € | +2.6% | 3,1 M € | +4.8% | 3 M € | +4.9% | 2,8 M € | +4.7% | 2,7 M € |
| Cash | 1,9 k € | -60.3% | 4,8 k € | +199% | 1,6 k € | -85.7% | 11,3 k € | +1060% | 976,7 € |
| Debts | 21,9 k € | +53.3% | 14,3 k € | +16.0% | 12,3 k € | +826% | 1,3 k € | -88.6% | 11,7 k € |
Valuation
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20252 active · 20 ended
Active mandates
Kate Elizabeth MAGUIRE
ActivePierre PONCIN
ActiveEnded mandates
Pierre PONCIN
EndedAkmal BEKMIRZAEV
EndedAkmal BEKMIRZAEV
EndedKate Elizabeth MAGUIRE
EndedFinancials
Full financial information
Source · NBB| 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 | 31/05/2026 | 19/05/2025 | 21/05/2024 | 08/08/2023 | 15/06/2022 | 30/08/2021 |
| General meeting | 04/05/2026 | 02/05/2025 | 15/05/2024 | 15/05/2023 | 10/05/2022 | 29/06/2021 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 20 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 04/05/2026 | 31/05/2026 | French | |
| Micro model | 31/12/2024 | 02/05/2025 | 19/05/2025 | French | |
| Micro model | 31/12/2023 | 15/05/2024 | 21/05/2024 | French | |
| Micro model | 31/12/2022 | 15/05/2023 | 08/08/2023 | French | |
| Micro model | 31/12/2021 | 10/05/2022 | 15/06/2022 | French | |
| Micro model | 31/12/2020 | 29/06/2021 | 30/08/2021 | French | |
| Micro model | 31/12/2019 | 15/07/2020 | 06/11/2020 | French | |
| Micro model | 31/12/2018 | 29/06/2019 | 21/08/2019 | French | |
| Micro model | 31/12/2017 | 25/04/2018 | 31/08/2018 | French | |
| Micro model | 31/12/2016 | 06/03/2017 | 31/08/2017 | French | |
| Abridged model | 31/12/2015 | 30/06/2016 | 25/08/2016 | French | |
| Abridged model | 31/12/2014 | 04/03/2016 | 25/03/2016 | French | |
| Abridged model | 31/12/2013 | 04/03/2016 | 25/03/2016 | French | |
| Abridged model | 31/12/2012 | 04/03/2016 | 25/03/2016 | French | |
| Abridged model | 31/12/2011 | 30/06/2012 | 24/08/2012 | French | |
| Abridged model | 31/12/2010 | 13/05/2011 | 22/08/2011 | French | |
| Abridged model | 31/12/2009 | 03/05/2010 | 18/06/2010 | French | |
| Abridged model | 31/12/2008 | 29/06/2009 | 08/07/2009 | French | |
| Abridged model | 31/12/2007 | 30/06/2008 | 06/08/2008 | French | |
| Abridged model | 31/12/2006 | 29/06/2007 | 30/07/2007 | French |
Valuation
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
Board of directors
Source · NBB, accounts to 31/12/20252 active · 20 ended
Active mandates
Kate Elizabeth MAGUIRE
ActivePierre PONCIN
ActiveEnded mandates
Pierre PONCIN
EndedAkmal BEKMIRZAEV
EndedAkmal BEKMIRZAEV
EndedKate Elizabeth MAGUIRE
EndedOwnership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates06/06/2024CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates20/06/2022DEMISSIONS, NOMINATIONS
- Mandates16/03/2016DEMISSIONS, NOMINATIONS
- Mandates16/03/2016DEMISSIONS, NOMINATIONS
- Mandates27/04/2009DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202574,1 k €↓
- 2024Annual accounts 2024141,6 k €↑
- 2023Annual accounts 2023128,7 k €↓
- 2022Annual accounts 2022137,1 k €↑
- 2021Annual accounts 2021125,2 k €↓
- 2020Annual accounts 2020247,7 k €↑
- 2019Annual accounts 2019191 k €↑
- 2018Annual accounts 2018144,8 k €↓
- 2017Annual accounts 2017178,5 k €↑
- 2016Annual accounts 2016176,6 k €↑
- 2015Annual accounts 2015159,6 k €↑
- 2014Annual accounts 2014158,4 k €↑
- 2013Annual accounts 2013136,7 k €↑
- 2012Annual accounts 2012123 k €↑
- 2011Annual accounts 2011106,1 k €↑
- 2010Annual accounts 201056,5 k €↓
- 2009Annual accounts 200966,9 k €↓
- 2008Annual accounts 2008169,6 k €↑
- 2007Annual accounts 20072 k €↑
- 2006Annual accounts 2006-1 k €
- 07/12/1992IncorporationPublic limited company