ACTIVE

MSP Bois Engineering

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Financial year 2025 · closed on 31/12/2025

Net result

1,5 M €

+250.2% YoY

Revenue

13,2 M €

+140.7% YoY

Equity

862,2 k €

+256.5% YoY

Workforce

8,6 ETP

+26.5% YoY

What does MSP Bois Engineering do?

MSP Bois Engineering is a Public limited company incorporated in 1998. Its registered office is in Aywaille. It employs on average 8,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.417.905

Incorporation

13/01/1998

Legal form

Public limited company

Registered office

Rue du Pré Clamin 1
4920 Aywaille · WallonieSee on map

Contributed capital

299 718,93 €

Latest accounts

31/12/2025

Average workforce

8,6 ETP

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	13,2 M €	+141%	5,5 M €	+61.5%	3,4 M €	-31.4%	5 M €	+77.3%	2,8 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,1 M €
EBITDA	1,9 M €	+904%	-230,3 k €	+45.3%	-420,8 k €	-149%	852,9 k €	+116%	394,3 k €	-8.2%	429,4 k €	-47.6%	819,6 k €	+23.4%	664,1 k €	+6.1%	626 k €	-9.9%	694,7 k €	-21.3%	882,7 k €	-9.9%	979,9 k €	+26.0%	777,8 k €	+67.7%	463,8 k €	+32.4%	350,2 k €	+6.0%	330,4 k €	+0.7%	328 k €	+6.4%	308,3 k €	+55.9%	197,8 k €	-5.1%	208,4 k €
Operating result	1,2 M €	+242%	-876,3 k €	-2.4%	-855,6 k €	-196%	-289,1 k €	-411%	93 k €	-16.0%	110,7 k €	-45.1%	201,6 k €	+16.7%	172,7 k €	+24.9%	138,3 k €	-42.1%	239 k €	-48.9%	467,6 k €	-26.1%	632,4 k €	+34.6%	469,8 k €	+126%	208 k €	+97.6%	105,3 k €	+0.9%	104,3 k €	-15.8%	123,8 k €	-9.8%	137,2 k €	+57.8%	87 k €	+56.5%	55,6 k €
Net result	1,5 M €	+250%	-966,2 k €	+11.8%	-1,1 M €	-14.7%	-954,6 k €	-0.8%	-947,1 k €	-1852%	-48,5 k €	-153%	92,1 k €	+49.7%	61,5 k €	+148%	24,8 k €	-79.2%	119,2 k €	-67.5%	366,8 k €	-30.5%	528,1 k €	+37.4%	384,3 k €	+223%	119 k €	+119%	54,4 k €	+6.8%	50,9 k €	-6.8%	54,7 k €	-24.7%	72,5 k €	+354%	16 k €	+216%	-13,8 k €
Balance sheet
Equity	862,2 k €	+257%	-550,8 k €	-225%	439,5 k €	-69.5%	1,4 M €	-42.4%	2,5 M €	-27.4%	3,5 M €	-3.0%	3,6 M €	+19.4%	3 M €	+5.1%	2,8 M €	+20.2%	2,4 M €	+19.8%	2 M €	+22.9%	1,6 M €	+49.1%	1,1 M €	+55.6%	690,9 k €	+20.8%	571,9 k €	+9.6%	521,8 k €	+8.5%	480,8 k €	+10.2%	436,2 k €	+15.4%	377,9 k €	+0.1%	377,6 k €
Total assets	8 M €	-22.9%	10,3 M €	+36.9%	7,6 M €	-18.0%	9,2 M €	-13.4%	10,6 M €	-11.7%	12 M €	-2.3%	12,3 M €	+18.6%	10,4 M €	+2.9%	10,1 M €	+23.1%	8,2 M €	+12.3%	7,3 M €	+53.1%	4,8 M €	+11.3%	4,3 M €	+82.2%	2,4 M €	+11.5%	2,1 M €	+24.3%	1,7 M €	-3.8%	1,8 M €	+0.8%	1,8 M €	+6.7%	1,6 M €	+5.0%	1,6 M €
Cash	2,9 k €	-98.1%	150,3 k €	-39.5%	248,3 k €	-10.7%	278 k €	+208%	90,2 k €	+132%	38,8 k €	-71.9%	138,2 k €	-23.4%	180,4 k €	-20.2%	226,1 k €	+158%	87,8 k €	+3.3%	85 k €	-41.8%	145,9 k €	-54.2%	318,3 k €	+175%	115,8 k €	-14.4%	135,4 k €	+27.2%	106,4 k €	-56.0%	241,7 k €	+169%	89,7 k €	+10.9%	80,9 k €	+247%	23,3 k €
Debts	7,1 M €	-34.7%	10,9 M €	+56.6%	7 M €	-7.1%	7,5 M €	-5.1%	7,9 M €	-8.0%	8,6 M €	-2.1%	8,8 M €	+18.2%	7,4 M €	+2.1%	7,3 M €	+24.2%	5,8 M €	+10.2%	5,3 M €	+67.4%	3,2 M €	-0.9%	3,2 M €	+92.4%	1,7 M €	+8.1%	1,5 M €	+31.1%	1,2 M €	-8.1%	1,3 M €	-2.0%	1,3 M €	+4.7%	1,2 M €	+7.4%	1,2 M €
Other
Workforce	8,6 ETP	+26.5%	6,8 ETP	-24.4%	9,0 ETP	-37.1%	14,3 ETP	-18.8%	17,6 ETP	-31.5%	25,7 ETP		–		19,4 ETP	0.0%	19,4 ETP	-4.9%	20,4 ETP	+33.3%	15,3 ETP	+128%	6,7 ETP	0.0%	6,7 ETP	+59.5%	4,2 ETP	+44.8%	2,9 ETP	+3.6%	2,8 ETP	-26.3%	3,8 ETP	+65.2%	2,3 ETP	0.0%	2,3 ETP	-4.2%	2,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 17 ended

Active mandates

COREMAN

Mandate · 0871.720.885

Represented by Eric Doff-Sotta

Active

Jean-Philippe Moutschen

Mandate

Active

LUXEMBOURG DEVELOPPEMENT

Mandate · 0862.540.628

Represented by Jacques Pérard

Active

Patrick MOUTSCHEN

Mandate

Active

SPARAXIS

Mandate · 0452.116.307

Represented by Francine Turck

Active

Vincent Doumier

Mandate · 0502.670.529

Represented by Vincent Doumier

Active

Visium MV

Mandate · 0800.534.763

Represented by Marc-André Gennart

Active

Ended mandates

Jean-Philippe MOUTSCHEN

Managing director · since 31 janvier 2022

Ended

Patrick MOUTSCHEN

Director · since 31 janvier 2022

Ended

CEDRIC MOUTSCHEN

Director · since 01 décembre 2018

Ended

0890073384 CAPITAL F CROISSANCES SCRL

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
HEWY● Active	0776.519.444
IMAX PRO● Liquidation	0479.241.267
MOBIC PROMOTION● Active	0644.575.193
MSP Bois Groupe● Active	0804.438.420

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	09/06/2026	20/08/2025	02/07/2024	22/08/2023	30/09/2022	17/09/2021
General meeting	22/05/2026	25/04/2025	25/04/2024	28/07/2023	30/09/2022	30/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/05/2026	09/06/2026	French	PDF
Abridged model	31/12/2024	25/04/2025	20/08/2025	French	PDF
Abridged model	31/12/2023	25/04/2024	02/07/2024	French	PDF
Abridged model	31/12/2022	28/07/2023	22/08/2023	French	PDF
Abridged model	31/12/2021	30/09/2022	30/09/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	17/09/2021	French	PDF
Abridged model	31/12/2019	06/07/2020	11/09/2020	French	PDF
Abridged model	31/12/2018	29/05/2019	25/06/2019	French	PDF
Abridged model	31/12/2017	31/05/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	31/05/2017	02/08/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	26/08/2016	French	PDF
Abridged model	31/12/2014	27/05/2015	04/08/2015	French	PDF
Abridged model	31/12/2013	25/05/2014	18/07/2014	French	PDF
Abridged model	31/12/2012	29/06/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	17/07/2012	French	PDF
Abridged model	31/12/2010	31/05/2011	20/07/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	16/06/2009	30/06/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	01/07/2008	French	PDF
Abridged model	31/12/2006	22/06/2007	25/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 7 active · 17 ended

Active mandates

COREMAN

Mandate · 0871.720.885

Represented by Eric Doff-Sotta

Active

Jean-Philippe Moutschen

Mandate

Active

LUXEMBOURG DEVELOPPEMENT

Mandate · 0862.540.628

Represented by Jacques Pérard

Active

Patrick MOUTSCHEN

Mandate

Active

SPARAXIS

Mandate · 0452.116.307

Represented by Francine Turck

Active

Vincent Doumier

Mandate · 0502.670.529

Represented by Vincent Doumier

Active

Visium MV

Mandate · 0800.534.763

Represented by Marc-André Gennart

Active

Ended mandates

Jean-Philippe MOUTSCHEN

Managing director · since 31 janvier 2022

Ended

Patrick MOUTSCHEN

Director · since 31 janvier 2022

Ended

CEDRIC MOUTSCHEN

Director · since 01 décembre 2018

Ended

0890073384 CAPITAL F CROISSANCES SCRL

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/12/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION
PDF
Mandates19/02/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates01/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates20/12/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates27/12/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office23/03/2016
SIEGE SOCIAL
PDF
Mandates27/06/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates07/09/2010
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

2025
Annual accounts 20251,5 M €↑
2025
Name changeMSP Bois Engineering
2024
Annual accounts 2024-966,2 k €↑
2023
Annual accounts 2023-1,1 M €↓
2022
Annual accounts 2022-954,6 k €↓
2021
Annual accounts 2021-947,1 k €↓
2021
Name changeMOBIC
2020
Annual accounts 2020-48,5 k €↓
2019
Annual accounts 201992,1 k €↑
2018
Annual accounts 201861,5 k €↑
2017
Annual accounts 201724,8 k €↓
2016
Annual accounts 2016119,2 k €↓
2015
Annual accounts 2015366,8 k €↓
2014
Annual accounts 2014528,1 k €↑
2013
Annual accounts 2013384,3 k €↑
2012
Annual accounts 2012119 k €↑
2011
Annual accounts 201154,4 k €↑
2010
Annual accounts 201050,9 k €↓
2009
Annual accounts 200954,7 k €↓
2008
Annual accounts 200872,5 k €↑
2007
Annual accounts 200716 k €↑
2006
Annual accounts 2006-13,8 k €
13/01/1998
IncorporationPublic 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

MSP Bois Engineering

Overview

What does MSP Bois Engineering do?

Trend over 20 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