ACTIVE

MS.GROUP

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
105,9 k €
+614.7% YoY
Gross margin
1,2 M €
+29.9% YoY
Equity
242 k €
+77.9% YoY
Workforce
18,7 ETP
-12.6% YoY

What does MS.GROUP do?

MS.GROUP is a Private limited company incorporated in 2014. Its main activity is: Repair of electrical equipment. Its registered office is in Asse. It employs on average 18,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0550.533.594
Incorporation
10/04/2014
Legal form
Private limited company
Registered office
Z. 5 Mollem 49 box A
1730 Asse · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
18,7 ETP
Activities (NACE)
33140Repair of electrical equipment· main33140Repair of electrical equipment43211Electrical installation43211Electrical installation
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin1,2 M €943,9 k €1,6 M €444,9 k €614,1 k €282,9 k €466,7 k €583,1 k €634,7 k €877,5 k €873,2 k €86,1 k €
EBITDA222,9 k €172,3 k €374,1 k €-55,1 k €346,6 k €193,4 k €160,5 k €105,1 k €90,4 k €519,6 k €66,5 k €26,9 k €
Operating result203,7 k €149,3 k €281,9 k €-119,2 k €139,5 k €-151,2 k €135,5 k €82 k €90,4 k €479,1 k €66,5 k €26,9 k €
Net result105,9 k €14,8 k €168,3 k €-132,1 k €100,3 k €-228,8 k €87,1 k €48,5 k €39,8 k €474,9 k €66,5 k €26,9 k €
Balance sheet
Equity242 k €136 k €121,2 k €-47,1 k €85 k €184,7 k €401,1 k €314 k €265,5 k €547,6 k €72,7 k €33,1 k €
Total assets828,8 k €576,9 k €986,1 k €907,1 k €785 k €578,3 k €1,1 M €988,3 k €1,6 M €1,8 M €200,8 k €76,4 k €
Cash140,1 k €–91,1 k €89,7 k €41,5 k €41 k €–94,9 k €60,3 k €78,2 k €932,4 €4,9 k €
Debts586,8 k €405,5 k €829,2 k €912,9 k €700 k €393,6 k €723,8 k €674,3 k €1,3 M €1,2 M €128,2 k €43,3 k €
Other
Workforce18,7 ETP21,4 ETP28,5 ETP14,5 ETP––11,4 ETP–––24,0 ETP57 340,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Halil Demirbas

Director · since 01 juillet 2025

Active

Ended mandates

Mürsit Kilic

Mandate

Ended
Selami Demirbas

Mandate

Ended
Selami Demirbas

Director

Ended
At this address

Other companies at this address

CompanyCBE no.
VERENIGING VAN MEDE-EIGENAARS VAN MOLLEM BUSINESS PARK, TE ASSE, Z.5 49 BUS 1A● Active
0766.347.807
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged 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 date19/05/202631/07/202513/06/202431/08/202311/07/202204/03/2022
General meeting04/05/202602/06/202507/06/202430/06/202315/06/202201/03/2022
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202504/05/202619/05/2026DutchPDF
Abridged model31/12/202402/06/202531/07/2025DutchPDF
Abridged model31/12/202307/06/202413/06/2024DutchPDF
Abridged model31/12/202230/06/202331/08/2023DutchPDF
Micro model31/12/202115/06/202211/07/2022DutchPDF
Micro model31/12/202001/03/202204/03/2022DutchPDF
Full model31/12/202008/06/202105/12/2021DutchPDF
Abridged model31/12/201909/06/202019/02/2021DutchPDF
Abridged model31/12/201830/06/201929/11/2019FrenchPDF
Abridged model31/12/201730/06/201811/03/2019FrenchPDF
Abridged modelCorrection31/12/201630/06/201725/04/2018FrenchPDF
Abridged modelCorrection31/12/201630/06/201708/04/2018FrenchPDF
Abridged model31/12/201630/06/201701/02/2018FrenchPDF
Abridged model31/12/201530/06/201626/09/2016FrenchPDF
Abridged model31/12/201407/04/201508/04/2015FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

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 · 1 active · 3 ended

Active mandates

Halil Demirbas

Director · since 01 juillet 2025

Active

Ended mandates

Mürsit Kilic

Mandate

Ended
Selami Demirbas

Mandate

Ended
Selami Demirbas

Director

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates14/07/2025
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office11/09/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office16/06/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates13/01/2021
    BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Registered office12/03/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office11/02/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office26/03/2019
    SIEGE SOCIAL
    PDF
  • Registered office05/12/2017
    MAATSCHAPPELIJKE ZETEL
    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 2025105,9 k €↑
  2. 2024
    Annual accounts 202414,8 k €↓
  3. 2023
    Annual accounts 2023168,3 k €↑
  4. 2022
    Annual accounts 2022-132,1 k €↓
  5. 2021
    Annual accounts 2021100,3 k €↑
  6. 2020
    Annual accounts 2020-228,8 k €↓
  7. 2019
    Annual accounts 201987,1 k €↑
  8. 2018
    Annual accounts 201848,5 k €↑
  9. 2017
    Annual accounts 201739,8 k €↓
  10. 2016
    Annual accounts 2016474,9 k €↑
  11. 2015
    Annual accounts 201566,5 k €↑
  12. 2014
    Annual accounts 201426,9 k €
  13. 10/04/2014
    IncorporationPrivate limited company