ACTIVE

MSI GROUP

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Financial year 2025 · Closed on 31/12/2025

Net result307,5 k €+25,6 %over 1 year
Gross margin3,3 M €+61,1 %over 1 year
Equity1,1 M €+86,1 %over 1 year

Identity

Source · BCE/KBO

MSI GROUP is a Private limited company incorporated in 2020. Its main activity is: Manufacture of consumer electronics. Its registered office is in Beringen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0755.878.042
Incorporation
08/10/2020
Legal form
Private limited company
Registered office
Genebroekstraat 95
3581 Beringen · FlandreSee on map
Contributed capital
35 000,00 €
Latest accounts
31/12/2025
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 6 filings

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin3,3 M €2 M €1,2 M €711,5 k €459,4 k €
EBITDA1,2 M €603,2 k €394,3 k €219,4 k €31 k €
Operating result829,8 k €421,9 k €304 k €166,8 k €17 k €
Net result307,5 k €244,9 k €211,9 k €118,5 k €5,9 k €
Balance sheet
Equity1,1 M €616,2 k €371,3 k €159,4 k €40,9 k €
Total assets3,5 M €1,9 M €1,1 M €701,4 k €403,2 k €
Cash1 M €309,5 k €221,6 k €154,9 k €151,9 k €
Debts2,4 M €1,3 M €724,1 k €542 k €362,2 k €
Other
Workforce––––10,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

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

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Melik Karabas
Directorsince 08/10/2020Mandate2022 accountsended
Sinan Ay
Directorsince 08/10/2020Mandate2022 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Irfan Karabas
Director01/01/2021 → 2024 accountsMandate2022 accounts
Philippe VAN SAMANG
Director08/10/2020 → 2021 accountsMandate2022 accounts

Other companies at this address

Genebroekstraat 95 3581 Beringen
CompanyCBE no.
B&M Verandabouw● Active
0889.895.816
BN-INVEST● Active
0521.974.816

Full financial information

Source · NBB
20252024202320222021
Type of accountAbridged modelMicro modelMicro modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202208/10/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months15 months
Filing date18/08/202623/06/202520/06/202406/07/202326/09/2022
General meeting27/03/202628/03/202520/06/202415/06/202316/06/2022
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, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202527/03/202618/08/2026DutchPDF
Micro model31/12/202527/03/202615/08/2026DutchPDF
Micro model31/12/202428/03/202523/06/2025DutchPDF
Micro model31/12/202320/06/202420/06/2024DutchPDF
Abridged model31/12/202215/06/202306/07/2023DutchPDF
Abridged model31/12/202116/06/202226/09/2022DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Melik Karabas
Directorsince 08/10/2020Mandate2022 accountsended
Sinan Ay
Directorsince 08/10/2020Mandate2022 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Irfan Karabas
Director01/01/2021 → 2024 accountsMandate2022 accounts
Philippe VAN SAMANG
Director08/10/2020 → 2021 accountsMandate2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office12/11/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates28/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/03/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office25/01/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other30/09/2021
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates04/02/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other12/10/2020
    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
Melik Karabas
Sinan Ay
Irfan Karabas
Philippe VAN SAMANG
2020202120222023202420252026
MSI GROUP
Genebroekstraat 95, 3581 BeverloCentrum Zuid 2403, 3530 Houthalen-Helchteren
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Genebroekstraat 95, 3581 BeverloCurrent
accounts 2025
Accounts 2025 · 2026-00403206
Centrum Zuid 2403, 3530 Houthalen-Helchteren
accounts 2021 → 2024
Accounts 2024 · 2025-00163366

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
MSI GROUPCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00403206

Events

  1. 2025
    Annual accounts 2025307,5 k €↑
  2. 2024
    Annual accounts 2024244,9 k €↑
  3. 2023
    Annual accounts 2023211,9 k €↑
  4. 2022
    Annual accounts 2022118,5 k €↑
  5. 2021
    Annual accounts 20215,9 k €
  6. 08/10/2020
    IncorporationPrivate limited company