ACTIVE

M.S. LEASE

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Financial year 2025 · closed on 30/09/2025

Net result

6,1 k €

+700.6% YoY

Revenue

265,6 k €

-6.2% YoY

Equity

1,5 M €

+0.4% YoY

What does M.S. LEASE do?

M.S. LEASE is a Public limited company incorporated in 2000. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Tienen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.900.833

Incorporation

29/09/2000

Legal form

Public limited company

Registered office

Ambachtenlaan 42
3300 Tienen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 70201Management consultancy activities 01410Raising of dairy cattle 81300Landscape service activities 81300Landscape service activities

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	265,6 k €	-6.2%	283,2 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	181 k €	-11.9%	205,4 k €	+23.1%	166,8 k €	-13.2%	192,1 k €	+31.5%	146,1 k €	-4.7%	153,3 k €	-56.1%	349,1 k €	+88.5%	185,2 k €	-21.5%	236 k €	-16.3%	281,8 k €	-14.1%	328 k €	-18.9%	404,6 k €	-15.8%	480,7 k €	+87.1%	256,9 k €	-7.2%	276,8 k €	-33.3%	414,9 k €	+44.0%	288,1 k €
Operating result	134,8 k €	-8.5%	147,4 k €	+50.2%	98,1 k €	-26.4%	133,3 k €	+121%	60,4 k €	+45.7%	41,4 k €	-82.2%	233 k €	+1486%	14,7 k €	-8.8%	16,1 k €	+811%	-2,3 k €	-108%	29,8 k €	-33.9%	45 k €	+239%	13,3 k €	+122%	-59,2 k €	-184%	70,2 k €	-50.5%	141,6 k €	+316%	34,1 k €
Net result	6,1 k €	+701%	761 €	-98.9%	71 k €	-63.4%	193,9 k €	+418%	37,4 k €	-7.0%	40,2 k €	-71.8%	142,4 k €	+62797%	226,5 €	+107%	-3 k €	-185%	3,6 k €	-73.6%	13,5 k €	-77.7%	60,5 k €	+1673%	3,4 k €	-89.4%	32,2 k €	+35.1%	23,8 k €	-60.0%	59,6 k €	+330%	13,9 k €
Balance sheet
Equity	1,5 M €	+0.4%	1,5 M €	-0.0%	1,5 M €	+4.8%	1,5 M €	+190%	507 k €	+7.7%	470,6 k €	-0.8%	474,4 k €	+42.5%	333 k €	-0.5%	334,9 k €	-1.2%	338,9 k €	-0.3%	339,9 k €	+2.7%	331 k €	+20.2%	275,4 k €	-0.6%	276,9 k €	+10.9%	249,7 k €	+8.2%	230,8 k €	+31.0%	176,1 k €
Total assets	6,9 M €	+0.5%	6,8 M €	+0.9%	6,8 M €	-5.7%	7,2 M €	+9.6%	6,5 M €	+816%	714,4 k €	-29.1%	1 M €	+21.8%	826,9 k €	-9.4%	912,7 k €	-4.2%	952,8 k €	-23.5%	1,2 M €	-20.2%	1,6 M €	-4.4%	1,6 M €	+30.5%	1,3 M €	+9.5%	1,1 M €	-8.1%	1,2 M €	-14.4%	1,5 M €
Cash	36,8 k €	-1.0%	37,2 k €	+4.8%	35,4 k €	-4.1%	37 k €	+14.6%	32,3 k €	+3833%	820 €	-99.4%	137,9 k €	+347%	30,8 k €	+96.7%	15,7 k €	-50.5%	31,7 k €	+111%	15 k €	+406363%	3,7 €	-100.0%	80,7 k €	+32648%	246,3 €	-98.8%	20,9 k €	-24.1%	27,5 k €	+382%	5,7 k €
Debts	5,3 M €	+0.8%	5,2 M €	+0.7%	5,2 M €	-8.6%	5,7 M €	-5.0%	6 M €	+2907%	198,8 k €	-58.4%	477,9 k €	-2.1%	487,9 k €	-10.4%	544,7 k €	-9.4%	601,4 k €	-32.4%	889,1 k €	-26.6%	1,2 M €	-10.6%	1,4 M €	+43.0%	947,3 k €	+8.4%	873,7 k €	-10.6%	977,5 k €	-22.0%	1,3 M €
Other
Workforce	–		–		–		–		–		–		–		1,2 ETP	-36.8%	1,9 ETP	+90.0%	1,0 ETP	-70.6%	3,4 ETP	-42.4%	5,9 ETP	-3.3%	6,1 ETP	0.0%	6,1 ETP	0.0%	6,1 ETP	+17.3%	5,2 ETP	+23.8%	4,2 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 30/09/2025 · 4 active · 20 ended

Active mandates

Arne Van Gemert

Managing director · since 31 janvier 2025 · until 31 janvier 2031

Active

Bart Van Bockstal

Managing director · since 31 janvier 2025 · until 31 janvier 2031

Active

Kevin Janssens

Director · since 31 janvier 2025 · until 31 janvier 2031

Active

Pascale Snels

Managing director · since 29 avril 2019 · until 29 avril 2025

Active

Ended mandates

Arne Van Gemert

Director · since 06 octobre 2022 · until 31 janvier 2025

Ended

Kevin Janssens

Director · since 06 octobre 2022 · until 31 janvier 2025

Ended

Bart Van Bockstal

Managing director · since 29 avril 2019 · until 29 avril 2025

Ended

Bart Vanbockstal

Managing director · since 29 avril 2019

Ended

At this address

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Blue Horizon● Active	0793.978.553
LIEMA● Active	0453.579.918
Tijdelijke Maatschap LIEMA - Mols Contractors● Active	1002.234.385

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/02/2026	10/02/2025	09/02/2024	15/03/2023	18/02/2022	18/03/2021
General meeting	30/01/2026	31/01/2025	26/01/2024	27/02/2023	04/02/2022	19/02/2021
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
Full model	30/09/2025	30/01/2026	02/02/2026	Dutch	PDF
Full model	30/09/2024	31/01/2025	10/02/2025	Dutch	PDF
Abridged model	30/09/2023	26/01/2024	09/02/2024	Dutch	PDF
Abridged model	30/09/2022	27/02/2023	15/03/2023	Dutch	PDF
Abridged model	30/09/2021	04/02/2022	18/02/2022	Dutch	PDF
Abridged model	30/09/2020	19/02/2021	18/03/2021	Dutch	PDF
Micro model	30/09/2019	31/01/2020	28/02/2020	Dutch	PDF
Micro model	30/09/2018	25/01/2019	22/02/2019	Dutch	PDF
Micro model	30/09/2017	29/01/2018	07/03/2018	Dutch	PDF
Abridged model	30/09/2016	27/01/2017	26/02/2017	Dutch	PDF
Abridged model	30/09/2015	29/01/2016	27/02/2016	Dutch	PDF
Abridged model	30/09/2014	30/01/2015	11/02/2015	Dutch	PDF
Abridged model	30/09/2013	31/01/2014	31/03/2014	Dutch	PDF
Abridged model	30/09/2012	15/02/2013	09/03/2013	Dutch	PDF
Abridged model	30/09/2011	27/01/2012	25/02/2012	Dutch	PDF
Abridged model	30/09/2010	25/02/2011	23/03/2011	Dutch	PDF
Abridged model	30/09/2009	23/03/2010	24/03/2010	Dutch	PDF
Abridged model	30/09/2008	30/04/2009	08/05/2009	Dutch	PDF
Abridged model	30/09/2007	30/04/2008	30/05/2008	Dutch	PDF
Abridged model	30/09/2006	02/03/2007	19/03/2007	Dutch	PDF

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 30/09/2025 · 4 active · 20 ended

Active mandates

Arne Van Gemert

Managing director · since 31 janvier 2025 · until 31 janvier 2031

Active

Bart Van Bockstal

Managing director · since 31 janvier 2025 · until 31 janvier 2031

Active

Kevin Janssens

Director · since 31 janvier 2025 · until 31 janvier 2031

Active

Pascale Snels

Managing director · since 29 avril 2019 · until 29 avril 2025

Active

Ended mandates

Arne Van Gemert

Director · since 06 octobre 2022 · until 31 janvier 2025

Ended

Kevin Janssens

Director · since 06 octobre 2022 · until 31 janvier 2025

Ended

Bart Van Bockstal

Managing director · since 29 avril 2019 · until 29 avril 2025

Ended

Bart Vanbockstal

Managing director · since 29 avril 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/05/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/08/2012
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares01/02/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 20256,1 k €↑
2024
Annual accounts 2024761 €↓
2023
Annual accounts 202371 k €↓
2022
Annual accounts 2022193,9 k €↑
2019
Annual accounts 201937,4 k €↓
2018
Annual accounts 201840,2 k €↓
2017
Annual accounts 2017142,4 k €↑
2016
Annual accounts 2016226,5 €↑
2015
Annual accounts 2015-3 k €↓
2014
Annual accounts 20143,6 k €↓
2013
Annual accounts 201313,5 k €↓
2012
Annual accounts 201260,5 k €↑
2011
Annual accounts 20113,4 k €↓
2010
Annual accounts 201032,2 k €↑
2009
Annual accounts 200923,8 k €↓
2008
Annual accounts 200859,6 k €↑
2007
Annual accounts 200713,9 k €
29/09/2000
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

M.S. LEASE

Overview

What does M.S. LEASE do?

Trend over 17 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