ACTIVE

MUSAE

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Financial year 2025 · Closed on 14/12/2025

Net result
-2,4 k €
+13,7 %over 1 year
Gross margin
-1 k €
+29,7 %over 1 year
Equity
5,2 M €
-0,0 %over 1 year

Identity

Source · BCE/KBO

MUSAE is a Limited partnership incorporated in 1995. Its registered office is in Bredene.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0456.291.166
Incorporation
24/10/1995
Legal form
Limited partnership
Registered office
Duinenstraat 200
8450 Bredene · FlandreSee on map
Contributed capital
5 122 500,00 €
Latest accounts
14/12/2025
Signals
Solid equityLow risk

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin-1 k €-1,4 k €-1,9 k €-852,6 €-599 €
EBITDA-2,4 k €-2,8 k €-3,4 k €-2,1 k €-1,9 k €
Operating result-2,4 k €-2,8 k €-3,4 k €-2,1 k €-1,9 k €
Net result-2,4 k €-2,8 k €-3,5 k €-2,1 k €-1,9 k €
Balance sheet
Equity5,2 M €5,2 M €5,2 M €5,2 M €5,2 M €
Total assets5,2 M €5,2 M €5,2 M €5,2 M €5,2 M €
Cash27 k €29,4 k €33,1 k €35,8 k €37,8 k €
Debts48,3 k €48,3 k €49,1 k €48,3 k €48,3 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 14/12/2025

1 active · 7 ended

Active mandates

Rudy Joseph

Director · since 30 août 2007

Active

Ended mandates

Rudy Joseph

Manager · since 30 août 2007

Ended
ASTERIX

Manager · until 30 août 2007 · 0429.560.540

Represented by RUDY JOSEPH

Ended
ASTERIX

Manager · 0429.560.540

Represented by RUDY JOSEPH

Ended
Remi Hollevoet

Manager · until 30 août 2007

Ended

Other companies at this address

Duinenstraat 200 8450 Bredene
CompanyCBE no.
ASTERIX● Active
0429.560.540
Eva● Active
0538.548.354
STICHTING MUSAE● Active
1010.057.436

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year15/12/202415/12/202315/12/202215/12/202115/12/202015/12/2019
Closing of the financial year14/12/202514/12/202414/12/202314/12/202214/12/202114/12/2020
Length of the financial year13 months13 months13 months13 months13 months13 months
Filing date27/04/202608/04/202511/06/202411/07/202304/07/202211/06/2021
General meeting28/03/202629/03/202513/05/202424/06/202306/06/202227/03/2021
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 model14/12/202528/03/202627/04/2026DutchPDF
Abridged model14/12/202429/03/202508/04/2025DutchPDF
Abridged model14/12/202313/05/202411/06/2024DutchPDF
Abridged model14/12/202224/06/202311/07/2023DutchPDF
Abridged model14/12/202106/06/202204/07/2022DutchPDF
Abridged model14/12/202027/03/202111/06/2021DutchPDF
Abridged model14/12/201930/03/202010/04/2020DutchPDF
Abridged model14/12/201830/03/201923/05/2019DutchPDF
Abridged model14/12/201731/03/201825/04/2018DutchPDF
Abridged model14/12/201625/03/201722/05/2017DutchPDF
Abridged model14/12/201520/03/201622/04/2016DutchPDF
Abridged model14/12/201428/03/201521/05/2015DutchPDF
Abridged model14/12/201329/03/201411/06/2014DutchPDF
Abridged model14/12/201230/03/201321/05/2013DutchPDF
Abridged model14/12/201131/03/201231/05/2012DutchPDF
Abridged model14/12/201026/03/201120/07/2011DutchPDF
Abridged model14/12/200927/03/201031/03/2010DutchPDF
Abridged model14/12/200814/06/200912/08/2009DutchPDF
Abridged model14/12/200714/06/200824/07/2008DutchPDF
Abridged model14/12/200614/06/200721/06/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 14/12/2025

1 active · 7 ended

Active mandates

Rudy Joseph

Director · since 30 août 2007

Active

Ended mandates

Rudy Joseph

Manager · since 30 août 2007

Ended
ASTERIX

Manager · until 30 août 2007 · 0429.560.540

Represented by RUDY JOSEPH

Ended
ASTERIX

Manager · 0429.560.540

Represented by RUDY JOSEPH

Ended
Remi Hollevoet

Manager · until 30 août 2007

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates27/12/2023
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares14/09/2007
    ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates03/06/2004
    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 2025-2,4 k €↑
  2. 2024
    Annual accounts 2024-2,8 k €↑
  3. 2023
    Annual accounts 2023-3,5 k €↓
  4. 2022
    Annual accounts 2022-2,1 k €↓
  5. 2021
    Annual accounts 2021-1,9 k €↓
  6. 2020
    Annual accounts 2020-1,8 k €↑
  7. 2019
    Annual accounts 2019-2 k €↓
  8. 2018
    Annual accounts 2018109,9 k €↑
  9. 2017
    Annual accounts 2017-1,8 k €↑
  10. 2016
    Annual accounts 2016-9,4 k €↓
  11. 2015
    Annual accounts 201511,9 k €↑
  12. 2014
    Annual accounts 2014-1,7 k €↓
  13. 2013
    Annual accounts 2013-1,6 k €↑
  14. 2012
    Annual accounts 2012-1,8 k €↓
  15. 2011
    Annual accounts 2011-1,6 k €↑
  16. 2010
    Annual accounts 2010-1,8 k €↑
  17. 2009
    Annual accounts 2009-2,5 k €↓
  18. 2008
    Annual accounts 2008-913 €↑
  19. 2007
    Annual accounts 2007-6,8 k €↓
  20. 2006
    Annual accounts 2006-1,9 k €
  21. 24/10/1995
    IncorporationLimited partnership