MSA Solutions
0477.827.146 · rovalta.com · 22/09/2026
ACTIVE
MSA Solutions
Financial year 2024 · closed on 31/12/2024
Net result
121,1 k €
+161.8% YoY
Revenue
675,2 k €
Equity
138,1 k €
+712.3% YoY
Overview
What does MSA Solutions do?
MSA Solutions is a Private limited company incorporated in 2002. Its registered office is in Koekelberg.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0477.827.146
Incorporation
24/06/2002
Legal form
Private limited company
Registered office
Avenue du Panthéon 88
1081 Koekelberg · BruxellesSee on map
1081 Koekelberg · BruxellesSee on map
Contributed capital
14 100,00 €
Latest accounts
31/12/2024
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 18 financial years
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Revenue | 675,2 k € | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | |||||||||||||||||
| EBITDA | 176,9 k € | +279% | 46,7 k € | +572% | -9,9 k € | -272% | -2,7 k € | -204% | 2,6 k € | +135% | -7,4 k € | -161% | 12,1 k € | +454% | 2,2 k € | +505% | -540 € | -106% | 9,6 k € | +1364% | 652,3 € | -79.0% | 3,1 k € | -65.6% | 9 k € | -31.6% | 13,2 k € | -8.3% | 14,4 k € | -20.8% | 18,2 k € | +5.3% | 17,3 k € | +0.8% | 17,1 k € |
| Operating result | 164,5 k € | +254% | 46,5 k € | +560% | -10,1 k € | -251% | -2,9 k € | -223% | 2,3 k € | +128% | -8,4 k € | -207% | 7,9 k € | +211% | -7,1 k € | +26.7% | -9,7 k € | -2331% | 433 € | -33.6% | 652,3 € | -79.0% | 3,1 k € | -16.3% | 3,7 k € | +19.4% | 3,1 k € | +336% | -1,3 k € | -152% | 2,6 k € | -42.2% | 4,4 k € | -70.8% | 15,2 k € |
| Net result | 121,1 k € | +162% | 46,2 k € | +546% | -10,4 k € | -248% | -3 k € | -244% | 2,1 k € | +124% | -8,6 k € | -235% | 6,3 k € | +188% | -7,2 k € | +39.4% | -11,9 k € | -1555% | -719 € | +20.6% | -905 € | +83.8% | -5,6 k € | -521% | 1,3 k € | +296% | 335,8 € | -81.9% | 1,9 k € | +1077% | -190 € | -121% | 887,6 € | -82.1% | 5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 138,1 k € | +712% | 17 k € | +152% | -32,7 k € | -46.3% | -22,4 k € | -11.1% | -20,2 k € | +9.3% | -22,2 k € | -62.7% | -13,7 k € | +31.7% | -20 k € | -56.4% | -12,8 k € | -1360% | -875 € | -462% | -155,6 € | -121% | 749,4 € | -88.2% | 6,3 k € | +26.5% | 5 k € | +7.2% | 4,7 k € | +65.7% | 2,8 k € | -6.3% | 3 k € | +41.7% | 2,1 k € |
| Total assets | 212,3 k € | +1149% | 17 k € | +1682% | 954,1 € | -81.0% | 5 k € | -50.0% | 10 k € | +73.3% | 5,8 k € | -61.5% | 15 k € | -18.4% | 18,4 k € | -21.9% | 23,5 k € | -33.0% | 35,1 k € | -0.1% | 35,2 k € | +9.9% | 32 k € | -35.8% | 49,8 k € | -0.4% | 50 k € | -17.6% | 60,7 k € | +28.5% | 47,2 k € | -25.4% | 63,3 k € | -17.5% | 76,7 k € |
| Cash | 50,8 k € | +397% | 10,2 k € | – | 1,2 € | -100.0% | 3 k € | +128% | 1,3 k € | -51.4% | 2,7 k € | +154% | 1 k € | -66.9% | 3,2 k € | -42.3% | 5,5 k € | +204% | 1,8 k € | -10.2% | 2 k € | -43.9% | 3,6 k € | +632% | 490,1 € | -70.1% | 1,6 k € | +49.9% | 1,1 k € | +12.1% | 976,1 € | +17.3% | 832,1 € | ||
| Debts | 74,2 k € | – | 33,7 k € | +23.0% | 27,4 k € | -9.2% | 30,2 k € | +7.7% | 28 k € | -2.3% | 28,7 k € | -25.3% | 38,4 k € | +5.7% | 36,3 k € | +0.9% | 36 k € | +2.0% | 35,3 k € | +13.0% | 31,2 k € | -28.1% | 43,5 k € | -3.4% | 45 k € | -19.6% | 56 k € | +26.2% | 44,4 k € | -26.4% | 60,3 k € | -19.1% | 74,6 k € | ||
Estimate
Indicative valuation
As an indication, this company is worth
between 500 k€ and 1 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2023 · 1 active · 6 ended
Active mandates
Mohamed El Kahhan
ActiveEnded mandates
DANNY SEYS
EndedSABINE SOLLIE
EndedJOZEFA VANDEPUTTE
EndedDANNY SEYS
EndedAt this address
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Financials
Annual accounts
Full financial information
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 27/10/2025 | 31/08/2024 | 30/08/2023 | 29/08/2022 | 30/08/2021 | 23/08/2020 |
| General meeting | 30/09/2025 | 04/06/2024 | 05/06/2023 | 06/06/2022 | 07/06/2021 | 01/06/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2024 | 30/09/2025 | 27/10/2025 | French | |
| Micro model | 31/12/2023 | 04/06/2024 | 31/08/2024 | Dutch | |
| Micro model | 31/12/2022 | 05/06/2023 | 30/08/2023 | Dutch | |
| Micro model | 31/12/2021 | 06/06/2022 | 29/08/2022 | Dutch | |
| Micro model | 31/12/2020 | 07/06/2021 | 30/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 01/06/2020 | 23/08/2020 | Dutch | |
| Micro model | 31/12/2018 | 03/06/2019 | 29/08/2019 | Dutch | |
| Micro model | 31/12/2017 | 04/06/2018 | 31/08/2018 | Dutch | |
| Micro model | 31/12/2016 | 05/06/2017 | 31/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 06/06/2016 | 27/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 01/06/2015 | 10/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 02/06/2014 | 25/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 03/06/2013 | 05/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 04/06/2012 | 08/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 06/06/2011 | 10/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 07/06/2010 | 11/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 01/06/2009 | 12/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 02/06/2008 | 09/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 05/06/2007 | 06/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 500 k€ and 1 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2023 · 1 active · 6 ended
Active mandates
Mohamed El Kahhan
ActiveEnded mandates
DANNY SEYS
EndedSABINE SOLLIE
EndedJOZEFA VANDEPUTTE
EndedDANNY SEYS
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2024Annual accounts 2024121,1 k €↑
- 2024Name changeMSA Solutions
- 2023Annual accounts 202346,2 k €↑
- 2022Annual accounts 2022-10,4 k €↓
- 2021Annual accounts 2021-3 k €↓
- 2021Name changeT. BOOMKE
- 2020Annual accounts 20202,1 k €↑
- 2019Annual accounts 2019-8,6 k €↓
- 2018Annual accounts 20186,3 k €↑
- 2017Annual accounts 2017-7,2 k €↑
- 2016Annual accounts 2016-11,9 k €↓
- 2015Annual accounts 2015-719 €↑
- 2014Annual accounts 2014-905 €↑
- 2013Annual accounts 2013-5,6 k €↓
- 2012Annual accounts 20121,3 k €↑
- 2011Annual accounts 2011335,8 €↓
- 2010Annual accounts 20101,9 k €↑
- 2009Annual accounts 2009-190 €↓
- 2008Annual accounts 2008887,6 €↓
- 2007Annual accounts 20075 k €
- 24/06/2002IncorporationPrivate limited company