ACTIVE

MSG Care

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Financial year 2025 · closed on 31/12/2025
Net result
184,4 k €
+7.4% YoY
Gross margin
1,2 M €
+1.6% YoY
Equity
42,1 k €
-27.0% YoY
Workforce
16,5 ETP
+4.4% YoY

What does MSG Care do?

MSG Care is a Private limited company incorporated in 2020. Its registered office is in Bruxelles. It employs on average 16,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0741.500.464
Incorporation
14/01/2020
Legal form
Private limited company
Registered office
Rue des Colonies 11
1000 Bruxelles · BruxellesSee on map
Contributed capital
100,00 €
Latest accounts
31/12/2025
Average workforce
16,5 ETP
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin1,2 M €1,2 M €1,4 M €1,2 M €909,6 k €80,3 k €
EBITDA253,7 k €239 k €504 k €311,8 k €250,9 k €-68,3 k €
Operating result253,7 k €237,2 k €502,5 k €311,5 k €250,1 k €-68,5 k €
Net result184,4 k €171,7 k €374,3 k €228,3 k €202,3 k €-69,1 k €
Balance sheet
Equity42,1 k €57,7 k €86 k €61,6 k €133,3 k €-69 k €
Total assets446,5 k €576,6 k €740,9 k €769,5 k €406,4 k €338,7 k €
Cash258,3 k €337,6 k €585,9 k €584,8 k €286,4 k €219,5 k €
Debts404,4 k €519 k €654,9 k €707,9 k €271,3 k €407,1 k €
Other
Workforce16,5 ETP15,8 ETP17,2 ETP14,0 ETP13,9 ETP4,1 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 · 2 active

Active mandates

Michael GILLEN

Director · since 10 janvier 2020

Active
Seamus GILLEN

Director · since 10 janvier 2020

Active
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202114/01/2020
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 date22/07/202622/07/202505/07/202404/05/202315/06/202214/06/2021
General meeting28/06/202613/06/202514/06/202411/04/202310/06/202211/06/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202528/06/202622/07/2026DutchPDF
Abridged model31/12/202413/06/202522/07/2025DutchPDF
Abridged model31/12/202314/06/202405/07/2024DutchPDF
Abridged model31/12/202211/04/202304/05/2023DutchPDF
Abridged model31/12/202110/06/202215/06/2022DutchPDF
Abridged model31/12/202011/06/202114/06/2021DutchPDF
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 · 2 active

Active mandates

Michael GILLEN

Director · since 10 janvier 2020

Active
Seamus GILLEN

Director · since 10 janvier 2020

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office13/10/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates30/06/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/10/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other16/01/2020
    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 2025184,4 k €↑
  2. 2024
    Annual accounts 2024171,7 k €↓
  3. 2023
    Annual accounts 2023374,3 k €↑
  4. 2022
    Annual accounts 2022228,3 k €↑
  5. 2021
    Annual accounts 2021202,3 k €↑
  6. 2020
    Annual accounts 2020-69,1 k €
  7. 14/01/2020
    IncorporationPrivate limited company