ACTIVE

M S D ((MSD))

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Financial year 2024 · closed on 31/08/2024

Net result

5,7 k €

+129.8% YoY

Gross margin

30,3 k €

+789.5% YoY

Equity

511,7 k €

+1.1% YoY

What does M S D ((MSD)) do?

M S D ((MSD)) is a Private limited company incorporated in 2003. Its registered office is in Wavre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.836.036

Incorporation

24/03/2003

Legal form

Private limited company

Registered office

Chaussée du Tilleul 193
1300 Wavre · WallonieSee on map

Contributed capital

12 400,00 €

Latest accounts

31/08/2024

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

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
Gross margin	30,3 k €	+790%	-4,4 k €	-21.7%	-3,6 k €	-108%	42,5 k €	-3.9%	44,3 k €	+37.5%	32,2 k €	-30.2%	46,1 k €	+8.6%	42,4 k €	+23.0%	34,5 k €	-52.8%	73,2 k €	+0.9%	72,5 k €	-6.5%	77,5 k €	-7.5%	83,8 k €	+42.3%	58,8 k €	-24.3%	77,7 k €	+86.6%	41,7 k €	-41.6%	71,4 k €	+58.8%	44,9 k €
EBITDA	28,4 k €	+650%	-5,2 k €	+19.9%	-6,4 k €	-116%	40,6 k €	-6.7%	43,5 k €	+39.7%	31,1 k €	-30.5%	44,8 k €	+8.2%	41,4 k €	+21.5%	34,1 k €	-52.7%	72,1 k €	+1.6%	70,9 k €	-6.6%	75,9 k €	-7.7%	82,2 k €	+43.9%	57,1 k €	-24.6%	75,8 k €	+90.2%	39,9 k €	-42.0%	68,7 k €	+60.0%	43 k €
Operating result	10,9 k €	+164%	-17 k €	+27.8%	-23,5 k €	-205%	22,5 k €	-6.9%	24,2 k €	+105%	11,8 k €	-48.4%	22,9 k €	+2.5%	22,3 k €	+48.8%	15 k €	-71.7%	53 k €	+5.5%	50,3 k €	-9.4%	55,5 k €	-10.2%	61,8 k €	+63.5%	37,8 k €	-34.5%	57,7 k €	+165%	21,8 k €	-62.6%	58,3 k €	+83.1%	31,8 k €
Net result	5,7 k €	+130%	-19,3 k €	+26.0%	-26 k €	-184%	31,1 k €	-11.1%	35 k €	+15.9%	30,2 k €	-18.6%	37,1 k €	+3.7%	35,8 k €	+36.8%	26,1 k €	-50.9%	53,2 k €	+18.0%	45,1 k €	-0.5%	45,3 k €	-3.3%	46,9 k €	+70.7%	27,5 k €	-27.3%	37,8 k €	+170%	14 k €	-59.7%	34,8 k €	+107%	16,8 k €
Balance sheet
Equity	511,7 k €	+1.1%	506 k €	-3.7%	525,3 k €	-3.8%	546,2 k €	+6.0%	515,1 k €	+5.9%	486,5 k €	+5.9%	459,3 k €	+8.8%	422,2 k €	+9.3%	386,4 k €	+7.3%	360,3 k €	+17.3%	307,1 k €	+17.2%	262 k €	+20.9%	216,6 k €	+27.6%	169,7 k €	+19.3%	142,3 k €	+36.1%	104,5 k €	+15.5%	90,5 k €	+62.5%	55,7 k €
Total assets	563,1 k €	-4.6%	590,4 k €	+6.0%	556,8 k €	-5.1%	586,8 k €	-2.8%	603,7 k €	+2.1%	591,1 k €	+0.0%	591 k €	+15.2%	513,1 k €	-0.1%	513,8 k €	-3.2%	530,6 k €	+4.1%	509,6 k €	+13.2%	450,2 k €	+4.9%	429 k €	+10.7%	387,5 k €	+11.4%	347,7 k €	+8.2%	321,4 k €	+15.2%	279 k €	+16.3%	239,9 k €
Cash	2,4 k €	0.0%	2,4 k €	0.0%	2,4 k €	0.0%	2,4 k €	-13.3%	2,7 k €		–		2,7 k €	+2263%	115,4 €	-10.6%	129,1 €	+1335%	9 €	+9.8%	8,2 €		–		–		3,3 k €		–		–		–		–
Debts	51,4 k €	-39.1%	84,4 k €	+167%	31,6 k €	-11.0%	35,5 k €	-57.5%	83,5 k €	-16.2%	99,6 k €	-21.4%	126,7 k €	+47.6%	85,8 k €	-29.8%	122,2 k €	-26.0%	165,2 k €	-16.4%	197,4 k €	+7.8%	183,1 k €	-11.6%	207,3 k €	-2.5%	212,6 k €	+6.1%	200,3 k €	-5.4%	211,8 k €	+15.5%	183,3 k €	+2.4%	179,1 k €

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 31/08/2024 · 1 active

Active mandates

NYAKASHINGA MURHIMANYA

Mandate

Active

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/09/2023	01/09/2022	01/09/2021	01/09/2020	01/09/2019	01/09/2018
Closing of the financial year	31/08/2024	31/08/2023	31/08/2022	31/08/2021	31/08/2020	31/08/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/10/2025	09/07/2024	31/03/2023	28/03/2022	31/03/2021	06/03/2020
General meeting	07/05/2025	02/02/2024	02/02/2023	02/02/2022	03/02/2021	05/02/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/08/2024	07/05/2025	29/10/2025	French	PDF
Micro model	31/08/2023	02/02/2024	09/07/2024	French	PDF
Micro model	31/08/2022	02/02/2023	31/03/2023	French	PDF
Micro model	31/08/2021	02/02/2022	28/03/2022	French	PDF
Micro model	31/08/2020	03/02/2021	31/03/2021	French	PDF
Micro model	31/08/2019	05/02/2020	06/03/2020	French	PDF
Micro model	31/08/2018	06/02/2019	28/02/2019	French	PDF
Micro model	31/08/2017	07/02/2018	06/03/2018	French	PDF
Abridged model	31/08/2016	01/02/2017	02/03/2017	French	PDF
Abridged model	31/08/2015	03/02/2016	26/02/2016	French	PDF
Abridged model	31/08/2014	04/02/2015	26/02/2015	French	PDF
Abridged model	31/08/2013	05/02/2014	25/03/2014	French	PDF
Abridged model	31/08/2012	06/02/2013	29/04/2013	French	PDF
Abridged model	31/08/2011	01/02/2012	29/03/2012	French	PDF
Abridged model	31/08/2010	02/02/2011	04/03/2011	French	PDF
Abridged model	31/08/2009	01/02/2010	12/03/2010	French	PDF
Abridged model	31/08/2008	02/02/2009	26/02/2009	French	PDF
Abridged model	31/08/2007	02/02/2008	07/03/2008	French	PDF
Abridged model	31/08/2006	02/02/2007	15/03/2007	French	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 31/08/2024 · 1 active

Active mandates

NYAKASHINGA MURHIMANYA

Mandate

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/03/2024
DENOMINATION - DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS
PDF
Registered office28/10/2004
SIEGE SOCIAL
PDF
Other01/04/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, 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 20245,7 k €↑
2023
Annual accounts 2023-19,3 k €↑
2022
Annual accounts 2022-26 k €↓
2021
Annual accounts 202131,1 k €↓
2020
Annual accounts 202035 k €↑
2019
Annual accounts 201930,2 k €↓
2018
Annual accounts 201837,1 k €↑
2017
Annual accounts 201735,8 k €↑
2016
Annual accounts 201626,1 k €↓
2015
Annual accounts 201553,2 k €↑
2014
Annual accounts 201445,1 k €↓
2013
Annual accounts 201345,3 k €↓
2012
Annual accounts 201246,9 k €↑
2011
Annual accounts 201127,5 k €↓
2010
Annual accounts 201037,8 k €↑
2009
Annual accounts 200914 k €↓
2008
Annual accounts 200834,8 k €↑
2007
Annual accounts 200716,8 k €
24/03/2003
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

M S D ((MSD))

Overview

What does M S D ((MSD)) do?

Trend over 18 financial years

Indicative valuation

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