ACTIVE

MSD

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Financial year 2025 · Closed on 30/06/2025

Net result8,4 k €+88,7 %over 1 year
Gross margin9,6 k €+75,9 %over 1 year
Equity50,2 k €+20,0 %over 1 year
Workforce0,0 ETP

Identity

Source · BCE/KBO

MSD is a Public limited company incorporated in 2020. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Tielt.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0746.993.238
Incorporation
18/05/2020
Legal form
Public limited company
Registered office
Sterrestraat 90B
8700 Tielt · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
30/06/2025
Average workforce
0,0 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 5 filings

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin9,6 k €5,4 k €31,4 k €-13,4 k €-9,2 k €
EBITDA8,9 k €4,9 k €32,1 k €-14 k €-40,5 k €
Operating result8,7 k €4,7 k €31,8 k €-14,2 k €-42,3 k €
Net result8,4 k €4,4 k €31,7 k €-14,1 k €-42,2 k €
Balance sheet
Equity50,2 k €41,8 k €37,4 k €5,7 k €19,8 k €
Total assets92,5 k €84,1 k €79,9 k €62,3 k €50,4 k €
Cash1,9 k €216,6 €1,4 k €18,8 k €1,9 k €
Debts42,3 k €42,3 k €42,5 k €56,6 k €30,5 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP–0,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

3 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Heidi De Vlieger
Director14/05/2020 → 14/05/2026
LDL GROUP HOLDING0682.868.320Represented by Johan Stuyven
Director14/05/2020 → 14/05/2026Managing director14/05/2020 → 2024 accountsended
Philippe De Wulf
Director14/05/2020 → 14/05/2026

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Arne Rothbart
Director14/05/2020 → 2021 accounts

Other companies at this address

Sterrestraat 90B 8700 Tielt
CompanyCBE no.
ADL Holding● Active
0744.914.864
ARDA Technics● Active
0819.522.811
Benelux Laundry Solutions● Active
0782.300.248
Hotel & Leisure Management● Active
1009.586.094
Jade Rent● Active
0730.787.706
LAMBERT, DRY CLEANING AND LAUNDRY EQUIPMENT● Active
0476.692.642
LAVOIR DU PARUCK● Active
0436.672.224

Full financial information

Source · NBB
20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/07/202118/05/2020
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/2021
Length of the financial year12 months12 months12 months12 months14 months
Filing date27/01/202623/12/202416/01/202421/12/202228/01/2022
General meeting10/01/202621/12/202416/12/202317/12/202208/01/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202510/01/202627/01/2026DutchPDF
Abridged model30/06/202421/12/202423/12/2024DutchPDF
Abridged model30/06/202316/12/202316/01/2024DutchPDF
Abridged model30/06/202217/12/202221/12/2022DutchPDF
Abridged model30/06/202108/01/202228/01/2022DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Board of directors

Source · NBB, accounts to 30/06/2025

3 active · 1 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Heidi De Vlieger
Director14/05/2020 → 14/05/2026
LDL GROUP HOLDING0682.868.320Represented by Johan Stuyven
Director14/05/2020 → 14/05/2026Managing director14/05/2020 → 2024 accountsended
Philippe De Wulf
Director14/05/2020 → 14/05/2026

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Arne Rothbart
Director14/05/2020 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates01/04/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares23/02/2026
    KAPITAAL - AANDELEN
    PDF
  • Registered office30/12/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates26/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/05/2020
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings5 filings
Mandates
LDL GROUP HOLDING
Heidi De Vlieger
Philippe De Wulf
Arne Rothbart
2020202120222023202420252026
MSD
Sterrestraat 90B, 8700 TieltGentseweg 309/D10, 9120 Beveren-Kruibeke-Zwijndrecht
DirectorManaging director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Sterrestraat 90B, 8700 TieltCurrent
accounts 2025
Accounts 2025 · 2026-00014892
Gentseweg 309/D10, 9120 Beveren-Kruibeke-Zwijndrecht
accounts 2022 → 2024
Accounts 2024 · 2024-00623295

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
MSDCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00014892

Events

  1. 2025
    Annual accounts 20258,4 k €↑
  2. 2024
    Annual accounts 20244,4 k €↓
  3. 2023
    Annual accounts 202331,7 k €↑
  4. 2022
    Annual accounts 2022-14,1 k €↑
  5. 2021
    Annual accounts 2021-42,2 k €
  6. 18/05/2020
    IncorporationPublic limited company