ACTIVE

MSBpartner

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Financial year 2025 · closed on 30/09/2025
Net result
136,7 k €
+317.4% YoY
Gross margin
192,9 k €
+320.4% YoY
Equity
177,4 k €
+336.7% YoY

What does MSBpartner do?

MSBpartner is a Private limited company incorporated in 2022. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Berchem-Sainte-Agathe.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0790.662.836
Incorporation
10/09/2022
Legal form
Private limited company
Registered office
Rue Jean-Baptiste Vandendriesch 12 box A2
1082 Berchem-Sainte-Agathe · BruxellesSee on map
Contributed capital
5 000,00 €
Latest accounts
30/09/2025
Activities (NACE)
71121Engineering activities and related technical consultancy· main71121Engineering activities and related technical consultancy43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Gross margin192,9 k €45,9 k €6,6 k €
EBITDA190,3 k €45,7 k €6,5 k €
Operating result181,7 k €45,5 k €6,5 k €
Net result136,7 k €32,8 k €2,9 k €
Balance sheet
Equity177,4 k €40,6 k €7,9 k €
Total assets373 k €90,4 k €24,4 k €
Cash3,1 k €35,5 k €5,3 k €
Debts195,7 k €49,8 k €16,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 1 ended

Active mandates

Mohammed Said Erhimi

Mandate

Active

Ended mandates

Mohammed Erhimi

Director · since 10 septembre 2022

Ended
At this address

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Annual accounts

Full financial information

202520242023
Type of accountMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202310/09/2022
Closing of the financial year30/09/202530/09/202430/09/2023
Length of the financial year12 months12 months13 months
Filing date27/04/202628/04/202519/04/2024
General meeting25/03/202626/03/202527/03/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202525/03/202627/04/2026FrenchPDF
Micro model30/09/202426/03/202528/04/2025FrenchPDF
Micro model30/09/202327/03/202419/04/2024DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 1 active · 1 ended

Active mandates

Mohammed Said Erhimi

Mandate

Active

Ended mandates

Mohammed Erhimi

Director · since 10 septembre 2022

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office24/02/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other14/09/2022
    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 2025136,7 k €↑
  2. 2024
    Annual accounts 202432,8 k €↑
  3. 2023
    Annual accounts 20232,9 k €
  4. 10/09/2022
    IncorporationPrivate limited company