ACTIVE

MSB

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Financial year 2025 · closed on 31/12/2025
Net result
17,5 k €
-25.0% YoY
Gross margin
56,4 k €
+2.1% YoY
Equity
110,2 k €
+18.9% YoY

What does MSB do?

MSB is a Private limited company incorporated in 2015. Its main activity is: Maintenance and repair of motor vehicles. Its registered office is in Nandrin.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0568.675.366
Incorporation
13/01/2015
Legal form
Private limited company
Registered office
Rue d'Oxhon 2
4550 Nandrin · WallonieSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
45206Maintenance and repair of motor vehicles· main95316Repair of computers and personal and household goods45320Retail trade of motor vehicle parts and accessories47784Other retail sale of new goods in specialised stores47786Other retail sale of new goods in specialised stores47820Retail sale via stalls and markets of textiles, clothing and footwear+6
Signals
ProfitableSolid equityLow 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

20252024202320222021202020192018201720162015
Income statement
Gross margin56,4 k €55,2 k €35,4 k €119,9 k €28,3 k €16,5 k €25,6 k €60,3 k €64 k €54,5 k €-8,1 k €
EBITDA49,5 k €52,8 k €29,2 k €67,6 k €25,9 k €15,2 k €22,8 k €57,7 k €61,1 k €52,8 k €-8,9 k €
Operating result26 k €29,4 k €8,6 k €48,3 k €22,4 k €11,1 k €17,4 k €34 k €28,7 k €4,8 k €-19,9 k €
Net result17,5 k €23,3 k €1,7 k €33,6 k €14,8 k €7,3 k €7,2 k €18,8 k €21,1 k €-4 k €-26,5 k €
Balance sheet
Equity110,2 k €92,7 k €83,5 k €81,8 k €57,2 k €43,9 k €36,6 k €29,4 k €10,6 k €-10,5 k €-6,5 k €
Total assets232,2 k €253,9 k €265,8 k €272,1 k €159,9 k €65,9 k €66,6 k €339,4 k €335,2 k €356,1 k €384,3 k €
Cash10,8 k €29,1 k €23,7 k €17,3 k €63,6 k €24,8 k €7,8 k €4,9 k €5,2 k €5,9 k €1,3 k €
Debts122,1 k €161 k €182,3 k €188,1 k €101,4 k €21 k €28,8 k €308,8 k €324 k €366,6 k €390,8 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 · 1 active · 3 ended

Active mandates

Cédric BUSIN

Director

Active

Ended mandates

Cédric Busin

Director · since 13 janvier 2015

Ended
Cédric BUSIN

Manager · since 13 janvier 2015

Ended
Cédric Busin

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
GROUPE MSB● Active
1041.171.472
MSB Immo● Active
0450.887.573
TOP WASH R.K● Active
0689.548.254
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 date27/07/202623/06/202531/07/202429/07/202328/07/202214/07/2021
General meeting19/06/202620/06/202529/07/202430/06/202308/07/202230/06/2021
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

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202519/06/202627/07/2026FrenchPDF
Micro model31/12/202420/06/202523/06/2025FrenchPDF
Micro model31/12/202329/07/202431/07/2024FrenchPDF
Micro model31/12/202230/06/202329/07/2023FrenchPDF
Micro model31/12/202108/07/202228/07/2022FrenchPDF
Micro model31/12/202030/06/202114/07/2021FrenchPDF
Micro model31/12/201930/06/202022/07/2020FrenchPDF
Micro model31/12/201812/07/201920/07/2019FrenchPDF
Micro model31/12/201715/06/201820/06/2018FrenchPDF
Abridged model31/12/201616/06/201731/07/2017FrenchPDF
Abridged model31/12/201517/06/201612/08/2016FrenchPDF
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 · 1 active · 3 ended

Active mandates

Cédric BUSIN

Director

Active

Ended mandates

Cédric Busin

Director · since 13 janvier 2015

Ended
Cédric BUSIN

Manager · since 13 janvier 2015

Ended
Cédric Busin

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/11/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Other04/05/2018
    DIVERS
    PDF
  • Other15/01/2015
    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

Timeline

  1. 2025
    Annual accounts 202517,5 k €↓
  2. 2024
    Annual accounts 202423,3 k €↑
  3. 2023
    Annual accounts 20231,7 k €↓
  4. 2022
    Annual accounts 202233,6 k €↑
  5. 2021
    Annual accounts 202114,8 k €↑
  6. 2020
    Annual accounts 20207,3 k €↑
  7. 2019
    Annual accounts 20197,2 k €↓
  8. 2018
    Annual accounts 201818,8 k €↓
  9. 2017
    Annual accounts 201721,1 k €↑
  10. 2016
    Annual accounts 2016-4 k €↑
  11. 2015
    Annual accounts 2015-26,5 k €
  12. 13/01/2015
    IncorporationPrivate limited company