ACTIVE

MSE LOGISTICS

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Financial year 2025 · closed on 31/12/2025

Net result

265,8 k €

+29.4% YoY

Gross margin

495,6 k €

+24.7% YoY

Equity

640,4 k €

-29.3% YoY

Workforce

1,5 ETP

-11.8% YoY

What does MSE LOGISTICS do?

MSE LOGISTICS is a Private limited company incorporated in 2018. Its main activity is: Freight transport by road. Its registered office is in Antwerpen. It employs on average 1,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0691.942.768

Incorporation

12/03/2018

Legal form

Private limited company

Registered office

Stijfselrui 48 box 706
2000 Antwerpen · FlandreSee on map

Contributed capital

1 000,00 €

Latest accounts

31/12/2025

Average workforce

1,5 ETP

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 52250Support activities for transportation 52290Other transportation support activities 52250Support activities for transportation 52290Other transportation support activities+2

Joint committees (1)

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

	2025		2024		2023		2022		2021		2020		2019		2018
Income statement
Gross margin	495,6 k €	+24.7%	397,4 k €	-17.0%	478,9 k €	-0.4%	480,8 k €	+29.2%	372,1 k €	+14.2%	325,9 k €	+28.9%	252,7 k €	+63.6%	154,5 k €
EBITDA	400,4 k €	+38.2%	289,8 k €	-17.2%	350 k €	-7.1%	376,9 k €	+35.8%	277,5 k €	+3.7%	267,5 k €	+39.2%	192,2 k €	+36.5%	140,8 k €
Operating result	366,4 k €	+41.7%	258,6 k €	-20.6%	325,8 k €	-5.2%	343,7 k €	+37.8%	249,5 k €	+2.3%	244 k €	+38.6%	176,1 k €	+27.7%	137,9 k €
Net result	265,8 k €	+29.4%	205,5 k €	-16.0%	244,7 k €	+7.9%	226,8 k €	+38.4%	163,9 k €	+2.6%	159,8 k €	+45.8%	109,6 k €	+16.5%	94,1 k €
Balance sheet
Equity	640,4 k €	-29.3%	906,3 k €	+0.2%	904,8 k €	+18.9%	760,9 k €	+42.3%	534,9 k €	+43.9%	371,8 k €	+74.7%	212,8 k €	+105%	104,1 k €
Total assets	1,4 M €	-3.5%	1,4 M €	+8.8%	1,3 M €	+3.3%	1,3 M €	+39.2%	913 k €	+15.1%	793 k €	+54.5%	513,4 k €	+37.9%	372,2 k €
Cash	680,5 k €	-12.7%	779,9 k €	+23.1%	633,6 k €	-12.3%	722,6 k €	+45.7%	495,8 k €	+31.6%	376,7 k €	+103%	185,5 k €	+126%	82,1 k €
Debts	705 k €	+44.5%	487,8 k €	+31.0%	372,2 k €	-20.3%	467,2 k €	+38.1%	338,4 k €	-13.5%	391,2 k €	+39.6%	280,1 k €	+4.5%	268 k €
Other
Workforce	1,5 ETP	-11.8%	1,7 ETP	-34.6%	2,6 ETP	+23.8%	2,1 ETP	0.0%	2,1 ETP	+50.0%	1,4 ETP	+16.7%	1,2 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 31/12/2025 · 1 active · 8 ended

Active mandates

Director · 0797.044.149

Represented by Emel Bekar

Active

Ended mandates

Director · since 27 mars 2023 · 0797.044.149

Represented by Emel Bekar

Ended

Director · since 27 mars 2023 · 0797.044.149

Represented by Emel Bekar

Ended

Emel Bekar

Director · since 01 avril 2018

Ended

Emel Bekar

Manager · since 01 avril 2018

Ended

At this address

Other companies at this address

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Bernoull-IT● Active	1007.942.737
DOKTOK● Active	0775.908.443
FIDES Berchem● Active	0720.909.047
FIDES CONSTRUCT● Active	0538.608.237
FIDES GROUP● Active	0656.723.058
FIDES GROUP BTW-EENHEID● Active	0756.585.647
FIDES INVEST● Active	0807.056.925
FIDES RIJNPOORT● Active	0656.824.711
Forum Advocaten● Active	0848.704.171
GROEP GOOSSENS● Active	0404.300.651
KW LEGAL● Active	1013.687.018
MATRO BEHEER● Active	1037.363.233
MSE - BTW Eenheid● Active	0803.328.957
Phoenix● Active	0760.876.413
Pulhof Park● Active	0721.953.974
THE DOT FATHER● Active	0765.695.828
Tobias Tits● Active	1002.053.451
TOF TUINEN● Active	0805.014.282

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	07/07/2025	15/07/2024	24/07/2023	16/06/2022	22/06/2021
General meeting	01/06/2026	30/06/2025	24/06/2024	30/06/2023	07/06/2022	07/06/2021
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

8 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	07/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/06/2024	15/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	24/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	22/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	30/06/2020	Dutch	PDF
Micro model	31/12/2018	03/06/2019	02/07/2019	Dutch	PDF

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 31/12/2025 · 1 active · 8 ended

Active mandates

Director · 0797.044.149

Represented by Emel Bekar

Active

Ended mandates

Director · since 27 mars 2023 · 0797.044.149

Represented by Emel Bekar

Ended

Director · since 27 mars 2023 · 0797.044.149

Represented by Emel Bekar

Ended

Emel Bekar

Director · since 01 avril 2018

Ended

Emel Bekar

Manager · since 01 avril 2018

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/04/2023
WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/08/2022
MAATSCHAPPELIJKE ZETEL
PDF
Other14/02/2019
BOEKJAAR
PDF
Mandates31/05/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/05/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other14/03/2018
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

2025
Annual accounts 2025265,8 k €↑
2024
Annual accounts 2024205,5 k €↓
2023
Annual accounts 2023244,7 k €↑
2022
Annual accounts 2022226,8 k €↑
2021
Annual accounts 2021163,9 k €↑
2020
Annual accounts 2020159,8 k €↑
2019
Annual accounts 2019109,6 k €↑
2018
Annual accounts 201894,1 k €
12/03/2018
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

MSE LOGISTICS

Overview

What does MSE LOGISTICS do?

Trend over 8 financial years

Indicative valuation

Board of directors

Other companies at this address

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