ACTIVE

MUSINT

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Financial year 2024 · closed on 31/12/2024

Net result

200,4 k €

+146.1% YoY

Gross margin

140,5 k €

-82.1% YoY

Equity

972,4 k €

+26.0% YoY

What does MUSINT do?

MUSINT is a Private limited company incorporated in 1998. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.400.978

Incorporation

12/01/1998

Legal form

Private limited company

Registered office

Rue Véronèse 10
1000 Bruxelles · BruxellesSee on map

Contributed capital

288 750,00 €

Latest accounts

31/12/2024

Activities (NACE)

74879Other professional, scientific and technical activities· main 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	140,5 k €	-82.1%	785,1 k €	+289%	202 k €	-28.3%	281,8 k €	+56.1%	180,6 k €	-44.4%	325 k €	+119%	148,2 k €	+583%	21,7 k €	-23.6%	28,4 k €	+123%	12,8 k €	-80.7%	66,1 k €	+36.4%	48,5 k €	-11.9%	55 k €	-29.1%	77,6 k €	-5.1%	81,7 k €	+3.0%	79,4 k €	-77.9%	358,4 k €	+210%	115,5 k €	-15.5%	136,8 k €
EBITDA	132,7 k €	-81.8%	727,7 k €	+283%	190 k €	-30.7%	274,3 k €	+57.3%	174,4 k €	-45.3%	319,2 k €	+119%	145,8 k €	+608%	20,6 k €	+114%	-147,5 k €	-1880%	8,3 k €	-86.9%	63,3 k €	+35.6%	46,7 k €	-11.3%	52,7 k €	-28.8%	73,9 k €	-6.3%	78,9 k €	+11.0%	71 k €	-80.1%	357,4 k €	+217%	112,8 k €	-12.3%	128,7 k €
Operating result	265,3 k €	+126%	117,1 k €	-18.3%	143,5 k €	-36.9%	227,3 k €	+72.8%	131,6 k €	-52.2%	275,3 k €	+1736%	15 k €	+80.7%	8,3 k €	+105%	-160,7 k €	-1400%	-10,7 k €	-122%	47,9 k €	+39.4%	34,4 k €	-14.0%	40 k €	-34.0%	60,6 k €	-7.4%	65,4 k €	+0.6%	65,1 k €	-81.8%	356,8 k €	+218%	112,2 k €	-12.2%	127,8 k €
Net result	200,4 k €	+146%	81,4 k €	-9.4%	89,9 k €	-42.4%	156 k €	+24.5%	125,4 k €	+452%	22,7 k €	+331%	-9,8 k €	-290%	5,2 k €	-98.0%	264,7 k €	+1154%	-25,1 k €	-504%	6,2 k €	+181%	-7,7 k €	-91.9%	-4 k €	-120%	20,3 k €	+244%	5,9 k €	-67.8%	18,3 k €	-94.5%	333,8 k €	+471%	58,5 k €	-29.7%	83,2 k €
Balance sheet
Equity	972,4 k €	+26.0%	771,9 k €	+11.8%	690,5 k €	+15.0%	600,6 k €	-36.4%	944,6 k €	+5.4%	896,5 k €	+2.6%	873,7 k €	-1.1%	883,6 k €	+0.6%	878,4 k €	+877%	-113,1 k €	-28.6%	-88 k €	+6.6%	-94,2 k €	-8.9%	-86,5 k €	-4.9%	-82,5 k €	+19.8%	-102,8 k €	+5.4%	-108,7 k €	+14.4%	-127 k €	+72.4%	-460,9 k €	+11.3%	-519,4 k €
Total assets	2,1 M €	-8.3%	2,3 M €	+46.3%	1,5 M €	-10.2%	1,7 M €	-7.2%	1,9 M €	+5.2%	1,8 M €	-15.4%	2,1 M €	+41.7%	1,5 M €	-12.3%	1,7 M €	+147%	681,2 k €	-9.9%	756,1 k €	+11.8%	676,5 k €	+0.6%	672,5 k €	+1.9%	660 k €	-0.0%	660,2 k €	+9.2%	604,6 k €	-16.1%	720,7 k €	+242%	210,6 k €	+16.2%	181,1 k €
Cash	75,3 k €	-63.1%	204,3 k €	+73.0%	118,1 k €	-13.3%	136,2 k €	-34.4%	207,5 k €	+258%	57,9 k €	-91.9%	716,1 k €	-37.0%	1,1 M €	+9.4%	1 M €	+249%	297,9 k €	+76.1%	169,2 k €	-11.4%	191,1 k €	+0.6%	189,9 k €	+4.3%	182,1 k €	+82.7%	99,7 k €	+147%	40,4 k €	+31.6%	30,7 k €	+16.8%	26,2 k €	-61.3%	67,7 k €
Debts	661,9 k €	+6.0%	624,2 k €	-26.1%	844,6 k €	-24.0%	1,1 M €	+21.9%	911,9 k €	+5.3%	865,6 k €	-22.0%	1,1 M €	+118%	509,2 k €	-32.8%	757,4 k €	-2.9%	780,2 k €	+35.9%	574,2 k €	+3.6%	554,1 k €	-4.6%	580,6 k €	-4.3%	606,8 k €	-6.0%	645,7 k €	+1.0%	639,2 k €	-22.2%	821,9 k €	+24.4%	660,9 k €	-5.7%	700,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 15 ended

Active mandates

Michel Merten

Mandate

Active

Ended mandates

Michel Merten

Managing director · since 17 novembre 2021

Ended

Michel DEKEMPENEER

Director · since 04 octobre 2016

Ended

Michel MERTEN

Managing director · since 04 octobre 2016

Ended

Eric Lesage

Director · since 29 juillet 2011 · until 29 juillet 2016

Ended

At this address

Other companies at this address

Company	CBE no.
MNH● Active	0870.850.756

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/11/2025	01/10/2024	29/11/2023	31/08/2022	31/08/2021	21/10/2020
General meeting	30/09/2025	20/09/2024	08/05/2023	29/08/2022	10/05/2021	11/05/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged modelCorrection	31/12/2024	30/09/2025	05/11/2025	French	PDF
Abridged model	31/12/2024	14/08/2025	11/10/2025	French	PDF
Abridged modelCorrection	31/12/2023	20/09/2024	01/10/2024	French	PDF
Abridged model	31/12/2023	28/06/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	08/05/2023	29/11/2023	French	PDF
Abridged model	31/12/2021	29/08/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	10/05/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	11/05/2020	21/10/2020	French	PDF
Abridged model	31/12/2018	13/05/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	14/05/2018	28/08/2018	French	PDF
Abridged model	31/12/2016	27/09/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	09/05/2016	29/08/2016	French	PDF
Abridged model	31/12/2014	11/05/2015	19/05/2015	French	PDF
Abridged model	31/12/2013	12/05/2014	26/09/2014	French	PDF
Abridged model	31/12/2012	13/05/2013	26/09/2013	French	PDF
Abridged model	31/12/2011	14/05/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	09/05/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	12/05/2010	04/08/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	12/05/2008	27/06/2008	French	PDF
Abridged model	31/12/2006	14/05/2007	28/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 1 active · 15 ended

Active mandates

Michel Merten

Mandate

Active

Ended mandates

Michel Merten

Managing director · since 17 novembre 2021

Ended

Michel DEKEMPENEER

Director · since 04 octobre 2016

Ended

Michel MERTEN

Managing director · since 04 octobre 2016

Ended

Eric Lesage

Director · since 29 juillet 2011 · until 29 juillet 2016

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/01/2025
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates30/08/2022
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates10/12/2021
DENOMINATION - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates13/05/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates22/02/2017
DEMISSIONS, NOMINATIONS
PDF
Restructuring08/11/2016
OBJET - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Capital / shares29/08/2016
CAPITAL, ACTIONS
PDF
Restructuring17/08/2016
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
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

2024
Annual accounts 2024200,4 k €↑
2023
Annual accounts 202381,4 k €↓
2022
Annual accounts 202289,9 k €↓
2021
Annual accounts 2021156 k €↑
2020
Annual accounts 2020125,4 k €↑
2019
Annual accounts 201922,7 k €↑
2018
Annual accounts 2018-9,8 k €↓
2017
Annual accounts 20175,2 k €↓
2016
Annual accounts 2016264,7 k €↑
2015
Annual accounts 2015-25,1 k €↓
2014
Annual accounts 20146,2 k €↑
2013
Annual accounts 2013-7,7 k €↓
2012
Annual accounts 2012-4 k €↓
2011
Annual accounts 201120,3 k €↑
2010
Annual accounts 20105,9 k €↓
2009
Annual accounts 200918,3 k €↓
2008
Annual accounts 2008333,8 k €↑
2007
Annual accounts 200758,5 k €↓
2006
Annual accounts 200683,2 k €
12/01/1998
IncorporationPrivate 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

MUSINT

Overview

What does MUSINT do?

Trend over 19 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