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MSAA-ventures

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Financial year 2025 · closed on 30/06/2025

Net result

-211,6 k €

-939.1% YoY

Gross margin

351,5 €

-98.7% YoY

Equity

-268,7 k €

-371.0% YoY

What does MSAA-ventures do?

MSAA-ventures is a Private limited company incorporated in 2000. Its main activity is: Advertising agencies. Its registered office is in Aalst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0469.357.462

Incorporation

07/01/2000

Legal form

Private limited company

Registered office

Meirbeekstraat 132a
9308 Aalst · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 74401Other professional, scientific and technical activities 74105Specialised design activities 74140Specialised design activities

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	351,5 €	-98.7%	26,8 k €	-21.4%	34,1 k €	+87.9%	18,1 k €	+213%	-16 k €	-106%	246,3 k €	+322%	58,4 k €	+31.9%	44,3 k €	-29.3%	62,7 k €	+295%	15,9 k €	-80.7%	82 k €	+258%	22,9 k €	-64.3%	64,2 k €	+48.1%	43,4 k €	+50.6%	28,8 k €	+328%	-12,6 k €	-7.5%	-11,7 k €	-118%	66,9 k €	+6.8%	62,7 k €
EBITDA	-202,6 k €	-931%	24,4 k €	-22.0%	31,3 k €	+4474%	683,8 €	+101%	-133,2 k €	-165%	205,7 k €	+276%	54,6 k €	+35.1%	40,5 k €	-33.9%	61,2 k €	+312%	14,9 k €	-81.7%	81,1 k €	+293%	20,6 k €	-67.5%	63,5 k €	+57.1%	40,4 k €	+55.5%	26 k €	+233%	-19,6 k €	-2.7%	-19,1 k €	-131%	62,4 k €	+11.5%	55,9 k €
Operating result	-203,3 k €	-3402%	-5,8 k €	-1112%	-478,9 €	+98.5%	-32,2 k €	+80.7%	-166,5 k €	-193%	178,9 k €	+998%	16,3 k €	+323%	3,8 k €	-87.8%	31,6 k €	+308%	-15,2 k €	-129%	52,1 k €	+838%	-7,1 k €	-119%	36,5 k €	+322%	8,7 k €	+160%	3,3 k €	+115%	-22,7 k €	+2.9%	-23,4 k €	-140%	57,8 k €	+13.9%	50,7 k €
Net result	-211,6 k €	-939%	-20,4 k €	+15.7%	-24,2 k €	+30.3%	-34,7 k €	+54.8%	-76,7 k €	-206%	72,5 k €	+2951%	2,4 k €	+120%	-11,9 k €	-178%	15,3 k €	+145%	-33,7 k €	-194%	35,9 k €	+214%	-31,4 k €	-367%	11,8 k €	-24.5%	15,6 k €	+223%	-12,7 k €	+56.8%	-29,4 k €	+0.1%	-29,4 k €	-192%	32 k €	-0.0%	32 k €
Balance sheet
Equity	-268,7 k €	-371%	-57 k €	-55.5%	-36,7 k €	-193%	-12,5 k €	-156%	22,2 k €	-77.6%	98,9 k €	+275%	26,4 k €	+9.9%	24 k €	-33.1%	35,9 k €	+73.9%	20,6 k €	-62.0%	54,3 k €	+195%	18,4 k €	-63.0%	49,8 k €	+30.9%	38,1 k €	+69.4%	22,5 k €	-36.1%	35,2 k €	-45.5%	64,6 k €	-31.3%	94 k €	+51.7%	62 k €
Total assets	14,8 k €	-97.6%	626,3 k €	-6.0%	666,4 k €	-3.9%	693,3 k €	-24.9%	923,5 k €	-13.8%	1,1 M €	-9.6%	1,2 M €	+0.5%	1,2 M €	+2.1%	1,2 M €	+2.7%	1,1 M €	+0.7%	1,1 M €	+4.9%	1,1 M €	-7.8%	1,2 M €	+8.3%	1,1 M €	+67.1%	638 k €	+86.0%	343 k €	+22.4%	280,2 k €	-7.6%	303,4 k €	-3.8%	315,3 k €
Cash	2,3 k €		–		9,1 k €	+29757%	30,6 €	-100.0%	189,8 k €	-53.6%	408,8 k €	+53783753%	0,8 €	-99.8%	502,6 €	+528%	80 €	-50.2%	160,5 €	+101%	80 €		–		4,1 k €	-96.4%	115,9 k €	+242%	33,9 k €	+1800%	1,8 k €	-96.5%	51,1 k €		–		–
Debts	281,2 k €	-58.7%	680,6 k €	-2.7%	699,3 k €	-0.6%	703,3 k €	-21.8%	898,8 k €	+2.8%	874,3 k €	-24.5%	1,2 M €	+0.3%	1,2 M €	+3.2%	1,1 M €	+1.4%	1,1 M €	+3.9%	1,1 M €	+1.6%	1 M €	-5.4%	1,1 M €	+7.5%	1 M €	+75.6%	585,4 k €	+112%	276,1 k €	+47.0%	187,8 k €	+2.2%	183,8 k €	-20.5%	231,1 k €

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 5 ended

Active mandates

Mirko François Van Campenhout

Director

Active

Ended mandates

Mirko Van Campenhout

Director · since 07 janvier 2000

Ended

Mirko Van Campenhout

Manager · since 07 janvier 2000

Ended

Mirko Van Campenhout

Director

Ended

MIRKO VAN CAMPENHOUT

Administrator - manager

Ended

Annual accounts

Full financial information

	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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/01/2026	30/01/2025	27/12/2023	26/01/2023	31/01/2022	01/02/2021
General meeting	31/12/2025	26/12/2024	27/12/2023	28/12/2022	29/12/2021	30/12/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	31/12/2025	23/01/2026	Dutch	PDF
Micro model	30/06/2024	26/12/2024	30/01/2025	Dutch	PDF
Micro model	30/06/2023	27/12/2023	27/12/2023	Dutch	PDF
Micro model	30/06/2022	28/12/2022	26/01/2023	Dutch	PDF
Micro model	30/06/2021	29/12/2021	31/01/2022	Dutch	PDF
Micro model	30/06/2020	30/12/2020	01/02/2021	Dutch	PDF
Micro model	30/06/2019	26/12/2019	31/01/2020	Dutch	PDF
Micro model	30/06/2018	26/12/2018	29/01/2019	Dutch	PDF
Micro model	30/06/2017	27/12/2017	07/02/2018	Dutch	PDF
Abridged model	30/06/2016	28/12/2016	27/01/2017	Dutch	PDF
Abridged model	30/06/2015	30/12/2015	26/01/2016	Dutch	PDF
Abridged model	30/06/2014	31/12/2014	22/01/2015	Dutch	PDF
Abridged model	30/06/2013	26/12/2013	18/02/2014	Dutch	PDF
Abridged model	30/06/2012	26/12/2012	11/02/2013	Dutch	PDF
Abridged model	30/06/2011	01/12/2011	30/12/2011	Dutch	PDF
Abridged model	30/06/2010	29/12/2010	09/02/2011	Dutch	PDF
Abridged model	30/06/2009	30/12/2009	20/01/2010	Dutch	PDF
Abridged model	30/06/2008	31/12/2008	12/02/2009	Dutch	PDF
Abridged model	30/06/2007	26/12/2007	31/01/2008	Dutch	PDF
Abridged model	30/06/2006	27/12/2006	15/01/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 5 ended

Active mandates

Mirko François Van Campenhout

Director

Active

Ended mandates

Mirko Van Campenhout

Director · since 07 janvier 2000

Ended

Mirko Van Campenhout

Manager · since 07 janvier 2000

Ended

Mirko Van Campenhout

Director

Ended

MIRKO VAN CAMPENHOUT

Administrator - manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office18/09/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates03/06/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/03/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares30/12/2003
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BOEKJAAR
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 2025-211,6 k €↓
2024
Annual accounts 2024-20,4 k €↑
2023
Annual accounts 2023-24,2 k €↑
2022
Annual accounts 2022-34,7 k €↑
2021
Annual accounts 2021-76,7 k €↓
2020
Annual accounts 202072,5 k €↑
2019
Annual accounts 20192,4 k €↑
2018
Annual accounts 2018-11,9 k €↓
2017
Annual accounts 201715,3 k €↑
2016
Annual accounts 2016-33,7 k €↓
2015
Annual accounts 201535,9 k €↑
2014
Annual accounts 2014-31,4 k €↓
2013
Annual accounts 201311,8 k €↓
2012
Annual accounts 201215,6 k €↑
2011
Annual accounts 2011-12,7 k €↑
2010
Annual accounts 2010-29,4 k €↑
2009
Annual accounts 2009-29,4 k €↓
2008
Annual accounts 200832 k €↓
2007
Annual accounts 200732 k €
07/01/2000
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

MSAA-ventures

Overview

What does MSAA-ventures do?

Trend over 19 financial years

Board of directors

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