MSI GROUP
0755.878.042 · rovalta.com · 23/09/2026
ACTIVE
MSI GROUP
Financial year 2025 · closed on 31/12/2025
Net result
307,5 k €
+25.6% YoY
Gross margin
3,3 M €
+61.1% YoY
Equity
1,1 M €
+86.1% YoY
Overview
What does MSI GROUP do?
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
3581 Beringen · FlandreSee on map
Contributed capital
35 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
26400Manufacture of consumer electronics· main26400Manufacture of consumer electronics43240Electrical, plumbing and other construction installation activities43299Other construction installation27320Manufacture of other electronic and electric wires and cables27320Manufacture of other electronic and electric wires and cables+2
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 5 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 3,3 M € | +61.1% | 2 M € | +72.5% | 1,2 M € | +66.4% | 711,5 k € | +54.9% | 459,4 k € |
| EBITDA | 1,2 M € | +92.4% | 603,2 k € | +53.0% | 394,3 k € | +79.7% | 219,4 k € | +609% | 31 k € |
| Operating result | 829,8 k € | +96.7% | 421,9 k € | +38.8% | 304 k € | +82.3% | 166,8 k € | +879% | 17 k € |
| Net result | 307,5 k € | +25.6% | 244,9 k € | +15.6% | 211,9 k € | +78.8% | 118,5 k € | +1901% | 5,9 k € |
| Balance sheet | |||||||||
| Equity | 1,1 M € | +86.1% | 616,2 k € | +66.0% | 371,3 k € | +133% | 159,4 k € | +290% | 40,9 k € |
| Total assets | 3,5 M € | +87.7% | 1,9 M € | +72.5% | 1,1 M € | +56.2% | 701,4 k € | +74.0% | 403,2 k € |
| Cash | 1 M € | +227% | 309,5 k € | +39.7% | 221,6 k € | +43.1% | 154,9 k € | +2.0% | 151,9 k € |
| Debts | 2,4 M € | +88.5% | 1,3 M € | +75.9% | 724,1 k € | +33.6% | 542 k € | +49.6% | 362,2 k € |
| Other | |||||||||
| Workforce | – | – | – | – | 10,9 ETP | ||||
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 6 ended
Active mandates
Melik Karabas
ActiveSinan Ay
ActiveEnded mandates
Irfan Karabas
EndedPhilippe VAN SAMANG
EndedIrfan Karabas
EndedMelik KARABAS
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
B&M Verandabouw● Active | 0889.895.816 |
BN-INVEST● Active | 0521.974.816 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Type of account | Abridged model | Micro model | Micro model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 08/10/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 15 months |
| Filing date | 18/08/2026 | 23/06/2025 | 20/06/2024 | 06/07/2023 | 26/09/2022 |
| General meeting | 27/03/2026 | 28/03/2025 | 20/06/2024 | 15/06/2023 | 16/06/2022 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
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Annual accounts filings
6 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 27/03/2026 | 18/08/2026 | Dutch | |
| Micro model | 31/12/2025 | 27/03/2026 | 15/08/2026 | Dutch | |
| Micro model | 31/12/2024 | 28/03/2025 | 23/06/2025 | Dutch | |
| Micro model | 31/12/2023 | 20/06/2024 | 20/06/2024 | Dutch | |
| Abridged model | 31/12/2022 | 15/06/2023 | 06/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 16/06/2022 | 26/09/2022 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 6 ended
Active mandates
Melik Karabas
ActiveSinan Ay
ActiveEnded mandates
Irfan Karabas
EndedPhilippe VAN SAMANG
EndedIrfan Karabas
EndedMelik KARABAS
EndedShareholders
Ownership and network
Looking for more information about this company?
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Belgian Official Gazette
Belgian Official Gazette publications
- Registered office12/11/2025MAATSCHAPPELIJKE ZETEL
- Mandates28/10/2025ONTSLAGEN - BENOEMINGEN
- Mandates04/03/2022ONTSLAGEN - BENOEMINGEN
- Registered office25/01/2022MAATSCHAPPELIJKE ZETEL
- Other30/09/2021ALGEMENE VERGADERING - BOEKJAAR
- Mandates04/02/2021ONTSLAGEN - BENOEMINGEN
- Other12/10/2020RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025307,5 k €↑
- 2024Annual accounts 2024244,9 k €↑
- 2023Annual accounts 2023211,9 k €↑
- 2022Annual accounts 2022118,5 k €↑
- 2021Annual accounts 20215,9 k €
- 08/10/2020IncorporationPrivate limited company