ACTIVE

MSM

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Financial year 2024 · closed on 31/12/2024
Net result
298,8 k €
+173.7% YoY
Gross margin
1,2 M €
+26.5% YoY
Equity
731,5 k €
+69.1% YoY
Workforce
17,4 ETP
+15.2% YoY

What does MSM do?

MSM is a Private limited company incorporated in 2017. Its main activity is: Plastering. Its registered office is in Leuven. It employs on average 17,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0670.520.022
Incorporation
30/01/2017
Legal form
Private limited company
Registered office
Wijgmaalsesteenweg 100
3012 Leuven · FlandreSee on map
Contributed capital
12 400,00 €
Latest accounts
31/12/2024
Average workforce
17,4 ETP
Activities (NACE)
43310Plastering· main43310Plastering95290Repair of other personal and household goods95290Repair of other personal and household goods41001Construction of buildings41201Construction of residential and non-residential buildings+6
Joint committees (3)
  • 124
  • 14904
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20242023202220212020201920182017
Income statement
Gross margin1,2 M €964,7 k €586,5 k €337,6 k €237,4 k €416,5 k €176,4 k €90,7 k €
EBITDA520,9 k €475,6 k €331,9 k €63 k €140,3 k €192,2 k €-64,1 k €-2,6 k €
Operating result446,6 k €435,1 k €304,7 k €7,9 k €91 k €108,2 k €-81,6 k €-19,7 k €
Net result298,8 k €109,2 k €232,8 k €26,7 k €74,3 k €101,6 k €-103,3 k €-21 k €
Balance sheet
Equity731,5 k €432,6 k €323,4 k €90,7 k €63,9 k €-10,3 k €-111,9 k €-8,6 k €
Total assets1,6 M €1,5 M €1,3 M €587,8 k €373 k €207,3 k €181,2 k €220,8 k €
Cash114,4 k €85 k €73,4 k €31,1 k €10,3 k €17,4 k €7,8 k €7 k €
Debts857,2 k €1 M €938 k €497,1 k €309,1 k €217,6 k €293,1 k €229,4 k €
Other
Workforce17,4 ETP15,1 ETP7,0 ETP8,1 ETP––––
Estimate

Indicative valuation

As an indication, this company is worth

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

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

Shamhan Mahmoedov

Director · since 08 janvier 2024

Active

Ended mandates

SHAMHAN MAHMOEDOV

Director · since 14 décembre 2020

Ended
Shaman Mahmoedov

Administrator - manager · since 30 janvier 2017

Ended
Shamhan Mahmoedov

Manager · since 30 janvier 2017

Ended
At this address

Other companies at this address

CompanyCBE no.
KERL DAK● Active
0797.289.124
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date13/08/202514/02/202504/04/202420/01/202330/11/202104/10/2020
General meeting01/08/202528/06/202430/06/202325/06/202225/06/202104/09/2020
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202401/08/202513/08/2025DutchPDF
Abridged model31/12/202328/06/202414/02/2025DutchPDF
Abridged model31/12/202230/06/202304/04/2024DutchPDF
Abridged model31/12/202125/06/202220/01/2023DutchPDF
Micro model31/12/202025/06/202130/11/2021DutchPDF
Micro model31/12/201904/09/202004/10/2020DutchPDF
Micro model31/12/201828/06/201931/07/2019DutchPDF
Micro model31/12/201729/06/201824/09/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2024 · 1 active · 3 ended

Active mandates

Shamhan Mahmoedov

Director · since 08 janvier 2024

Active

Ended mandates

SHAMHAN MAHMOEDOV

Director · since 14 décembre 2020

Ended
Shaman Mahmoedov

Administrator - manager · since 30 janvier 2017

Ended
Shamhan Mahmoedov

Manager · since 30 janvier 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office10/08/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates05/02/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other01/02/2017
    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. 2024
    Annual accounts 2024298,8 k €↑
  2. 2023
    Annual accounts 2023109,2 k €↓
  3. 2022
    Annual accounts 2022232,8 k €↑
  4. 2021
    Annual accounts 202126,7 k €↓
  5. 2020
    Annual accounts 202074,3 k €↓
  6. 2019
    Annual accounts 2019101,6 k €↑
  7. 2018
    Annual accounts 2018-103,3 k €↓
  8. 2017
    Annual accounts 2017-21 k €
  9. 30/01/2017
    IncorporationPrivate limited company