ACTIVE

MSG

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Financial year 2025 · closed on 31/12/2025
Net result
27,1 k €
-28.7% YoY
Gross margin
60,4 k €
-7.8% YoY
Equity
48,9 k €
-36.3% YoY

What does MSG do?

MSG is a Private limited company incorporated in 2013. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Oostkamp.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0536.762.069
Incorporation
03/07/2013
Legal form
Private limited company
Registered office
Rooiveldstraat 36
8020 Oostkamp · FlandreSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
82990Other business support service activities n.e.c.· main82990Other business support service activities n.e.c.46190Agents involved in the sale of a variety of goods46190Agents involved in the sale of a variety of goods70200Management consultancy activities70220Business and other management consultancy activities
Signals
ProfitableLow riskPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021201920182017201620152014
Income statement
Gross margin60,4 k €65,5 k €70,9 k €17,5 k €22,0 k €20,3 k €-4,9 k €8,0 k €13,3 k €17,2 k €20,9 k €
EBITDA59,8 k €65,0 k €70,5 k €17,3 k €21,8 k €19,5 k €-5,8 k €823,2 €12,6 k €16,6 k €19,6 k €
Operating result51,5 k €63,7 k €69,7 k €16,5 k €21,0 k €18,7 k €-6,6 k €80,6 €7,0 k €11,1 k €-3,1 k €
Net result27,1 k €38,1 k €46,9 k €11,6 k €14,2 k €12,8 k €-7,9 k €-2,6 k €4,0 k €6,8 k €-4,1 k €
Balance sheet
Equity48,9 k €76,7 k €53,7 k €46,8 k €47,2 k €15,2 k €2,4 k €10,3 k €12,9 k €8,9 k €2,1 k €
Total assets256,6 k €179,1 k €200,5 k €152,5 k €70,7 k €39,5 k €14,7 k €19,6 k €35,8 k €45,1 k €23,4 k €
Cash17,9 k €15,6 k €57,9 k €1,6 k €13,5 k €13,9 k €3,6 k €1,9 k €10,1 k €12,1 k €214,9 €
Debts207,7 k €102,3 k €146,8 k €105,6 k €23,5 k €24,3 k €12,3 k €9,3 k €22,9 k €36,1 k €21,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Michaël IMMESOETE

Director

Active
Saskia DELAPLACE

Director

Active

Ended mandates

Saskia Delaplace

Manager · since 02 juillet 2013

Ended
Michaël Immesoete

Manager

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/07/202609/07/202530/08/202429/08/202324/08/202230/08/2021
General meeting09/05/202610/05/202511/05/202413/05/202314/05/202208/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202509/05/202622/07/2026DutchPDF
Micro model31/12/202410/05/202509/07/2025DutchPDF
Micro model31/12/202311/05/202430/08/2024DutchPDF
Micro model31/12/202213/05/202329/08/2023DutchPDF
Micro model31/12/202114/05/202224/08/2022DutchPDF
Micro model31/12/202008/05/202130/08/2021DutchPDF
Micro model31/12/201909/05/202020/10/2020DutchPDF
Micro model31/12/201811/05/201930/08/2019DutchPDF
Micro model31/12/201712/05/201829/08/2018DutchPDF
Micro model31/12/201613/05/201718/08/2017DutchPDF
Abridged model31/12/201514/05/201623/08/2016DutchPDF
Abridged model31/12/201409/05/201531/08/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025 · 2 active · 2 ended

Active mandates

Michaël IMMESOETE

Director

Active
Saskia DELAPLACE

Director

Active

Ended mandates

Saskia Delaplace

Manager · since 02 juillet 2013

Ended
Michaël Immesoete

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office12/04/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates19/03/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other26/07/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202527,1 k €↓
  2. 2024
    Annual accounts 202438,1 k €↓
  3. 2023
    Annual accounts 202346,9 k €↑
  4. 2022
    Annual accounts 202211,6 k €↓
  5. 2021
    Annual accounts 202114,2 k €↑
  6. 2019
    Annual accounts 201912,8 k €↑
  7. 2018
    Annual accounts 2018-7,9 k €↓
  8. 2017
    Annual accounts 2017-2,6 k €↓
  9. 2016
    Annual accounts 20164,0 k €↓
  10. 2015
    Annual accounts 20156,8 k €↑
  11. 2014
    Annual accounts 2014-4,1 k €
  12. 03/07/2013
    IncorporationPrivate limited company