ACTIVE

MSB Immo

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Financial year 2025 · closed on 30/06/2025
Net result
32,4 k €
+25.3% YoY
Gross margin
211,5 k €
+28.6% YoY
Equity
123,6 k €
+35.6% YoY

What does MSB Immo do?

MSB Immo is a Public limited company incorporated in 1993. Its registered office is in Nandrin.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0450.887.573
Incorporation
10/09/1993
Legal form
Public limited company
Registered office
Rue d'Oxhon 2
4550 Nandrin · WallonieSee on map
Contributed capital
62 000,00 €
Latest accounts
30/06/2025
Joint committees (2)
  • 14902
  • 218
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201720162015201420132012201120102009200820072006
Income statement
Gross margin211,5 k €164,4 k €132,5 k €74,4 k €84 k €66,1 k €46,7 k €8,8 k €27 k €10,7 k €2,4 k €-10,3 k €15,7 k €484,7 k €158,4 k €197,9 k €188,7 k €160,9 k €114,7 k €
EBITDA203,4 k €157 k €127,9 k €69,3 k €82,8 k €64,4 k €-40 k €4,7 k €21 k €-6,6 k €-25,6 k €-14 k €6,7 k €422,5 k €12,7 k €39,4 k €29,2 k €26,9 k €10,8 k €
Operating result68,7 k €52 k €32,3 k €-5,3 k €32,6 k €13,4 k €-194,3 k €-21,9 k €-9,2 k €-37,3 k €-51,4 k €-18,3 k €843,9 €414,9 k €-7 k €15,8 k €7,7 k €5,4 k €-9,3 k €
Net result32,4 k €25,9 k €14,2 k €-18,8 k €13,4 k €3,6 k €-119,7 k €-22,8 k €-7,5 k €-27,6 k €-29,9 k €3,4 k €17,4 k €266,5 k €-15,1 k €10,5 k €-1,7 k €-6,8 k €-28,1 k €
Balance sheet
Equity123,6 k €91,2 k €65,3 k €51,1 k €69,9 k €56,5 k €52,9 k €172,6 k €195,3 k €202,9 k €230,5 k €260,4 k €257 k €239,6 k €-27 k €-11,9 k €-22,4 k €-20,7 k €-13,9 k €
Total assets1,2 M €1,2 M €1,2 M €1,1 M €606,2 k €623,5 k €686,4 k €495 k €537 k €576,7 k €520,3 k €408,5 k €422 k €434,7 k €158,6 k €184,4 k €198,8 k €201,2 k €189,2 k €
Cash7,7 k €22,8 k €13,7 k €8,3 k €54,8 k €55,9 k €73,7 k €32,7 €7,4 k €16,6 k €5,3 k €156,6 k €152 k €108,9 k €5,6 k €18,4 k €3,1 k €663,1 €3 k €
Debts1,1 M €1,1 M €1,1 M €1 M €536,3 k €567 k €633,5 k €205,3 k €218,5 k €241,9 k €149,2 k €2,7 k €19,9 k €50 k €166,9 k €177,7 k €202,5 k €201,8 k €182,8 k €
Other
Workforce––––––––––0,3 ETP0,1 ETP0,2 ETP2,3 ETP4,9 ETP5,4 ETP5,6 ETP5,6 ETP4,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 32 ended

Active mandates

Cédric BUSIN

Director · until 31 décembre 2029

Active

Ended mandates

Ophélie MUSIQUE

Director · since 01 mai 2022

Ended
ALGORIX MANAGEMENT

Director · since 25 avril 2018 · until 01 juin 2024 · 0835.187.222

Represented by Gilbert Van Bouchaute

Ended
ALGORIX MANAGEMENT

Director · since 25 avril 2018 · until 01 juin 2024 · 0835.187.222

Represented by Gilbert VAN BOUCHAUTE

Ended
ALGORIX MANAGEMENT

Director · since 25 avril 2018 · until 01 mai 2022 · 0835.187.222

Represented by Gilbert VAN BOUCHAUTE

Ended
At this address

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MSB● Active
0568.675.366
TOP WASH R.K● Active
0689.548.254
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/01/202631/01/202520/01/202431/01/202318/01/202216/12/2020
General meeting12/12/202529/01/202521/12/202326/01/202317/12/202111/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/06/202512/12/202529/01/2026FrenchPDF
Micro model30/06/202429/01/202531/01/2025FrenchPDF
Micro model30/06/202321/12/202320/01/2024FrenchPDF
Micro model30/06/202226/01/202331/01/2023FrenchPDF
Micro model30/06/202117/12/202118/01/2022FrenchPDF
Micro model30/06/202011/12/202016/12/2020FrenchPDF
Micro model30/06/201913/12/201927/01/2020FrenchPDF
Micro model31/12/201729/06/201817/08/2018FrenchPDF
Micro model31/12/201614/06/201728/07/2017FrenchPDF
Abridged model31/12/201508/06/201629/08/2016FrenchPDF
Abridged model31/12/201410/06/201527/08/2015FrenchPDF
Abridged model31/12/201311/06/201413/08/2014FrenchPDF
Abridged model31/12/201212/06/201308/07/2013FrenchPDF
Abridged model31/12/201113/06/201217/08/2012FrenchPDF
Abridged model31/12/201008/06/201129/07/2011FrenchPDF
Abridged model31/12/200923/06/201030/06/2010FrenchPDF
Abridged modelCorrection31/12/200810/06/200928/08/2009FrenchPDF
Abridged model31/12/200810/06/200910/06/2009FrenchPDF
Abridged model31/12/200711/06/200831/07/2008FrenchPDF
Abridged model31/12/200613/06/200730/07/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

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 30/06/2025 · 1 active · 32 ended

Active mandates

Cédric BUSIN

Director · until 31 décembre 2029

Active

Ended mandates

Ophélie MUSIQUE

Director · since 01 mai 2022

Ended
ALGORIX MANAGEMENT

Director · since 25 avril 2018 · until 01 juin 2024 · 0835.187.222

Represented by Gilbert Van Bouchaute

Ended
ALGORIX MANAGEMENT

Director · since 25 avril 2018 · until 01 juin 2024 · 0835.187.222

Represented by Gilbert VAN BOUCHAUTE

Ended
ALGORIX MANAGEMENT

Director · since 25 avril 2018 · until 01 mai 2022 · 0835.187.222

Represented by Gilbert VAN BOUCHAUTE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/11/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Mandates14/11/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/06/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/01/2019
    DENOMINATION - OBJET - ANNEE COMPTABLE
    PDF
  • Mandates16/05/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/03/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/05/2017
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/07/2016
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 202532,4 k €↑
  2. 2024
    Annual accounts 202425,9 k €↑
  3. 2023
    Annual accounts 202314,2 k €↑
  4. 2022
    Annual accounts 2022-18,8 k €↓
  5. 2021
    Annual accounts 202113,4 k €↑
  6. 2020
    Annual accounts 20203,6 k €↑
  7. 2019
    Annual accounts 2019-119,7 k €↓
  8. 2017
    Annual accounts 2017-22,8 k €↓
  9. 2016
    Annual accounts 2016-7,5 k €↑
  10. 2015
    Annual accounts 2015-27,6 k €↑
  11. 2014
    Annual accounts 2014-29,9 k €↓
  12. 2013
    Annual accounts 20133,4 k €↓
  13. 2012
    Annual accounts 201217,4 k €↓
  14. 2011
    Annual accounts 2011266,5 k €↑
  15. 2010
    Annual accounts 2010-15,1 k €↓
  16. 2009
    Annual accounts 200910,5 k €↑
  17. 2008
    Annual accounts 2008-1,7 k €↑
  18. 2007
    Annual accounts 2007-6,8 k €↑
  19. 2006
    Annual accounts 2006-28,1 k €
  20. 10/09/1993
    IncorporationPublic limited company