ACTIVE

MSC

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Financial year 2025 · closed on 31/12/2025

Net result

-28,1 k €

-974.5% YoY

Gross margin

-16,2 k €

-152.9% YoY

Equity

301,5 k €

-8.5% YoY

What does MSC do?

MSC is a Private limited company incorporated in 2009. Its main activity is: Management consultancy activities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0810.667.602

Incorporation

25/03/2009

Legal form

Private limited company

Registered office

Volhardingstraat 60
2020 Antwerpen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 86909Other human health activities 86995Other human health activities

Signals

Solid equityLow riskGood liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	-16,2 k €	-153%	30,7 k €	-46.6%	57,5 k €	-9.3%	63,4 k €	-20.9%	80,2 k €	+13.6%	70,6 k €	+25.6%	56,2 k €	+144%	23,1 k €	-59.3%	56,6 k €	+3.9%	54,5 k €	-10.8%	61,1 k €	+7.7%	56,7 k €	-10.3%	63,2 k €	-2.6%	65 k €	+23.7%	52,5 k €	+2.3%	51,3 k €	+46.8%	35 k €
EBITDA	-17,8 k €	-170%	25,6 k €	-54.7%	56,6 k €	-7.8%	61,4 k €	-21.7%	78,5 k €	+13.7%	69 k €	+26.3%	54,6 k €	+150%	21,9 k €	-60.8%	55,8 k €	+5.3%	52,9 k €	-11.4%	59,8 k €	+7.8%	55,4 k €	-11.0%	62,3 k €	-2.1%	63,6 k €	+22.5%	51,9 k €	+2.4%	50,7 k €	+47.4%	34,4 k €
Operating result	-31,3 k €	-316%	14,5 k €	-69.4%	47,2 k €	-13.1%	54,3 k €	-25.5%	72,9 k €	+7.5%	67,9 k €	+33.4%	50,8 k €	+835%	5,4 k €	-86.0%	38,7 k €	+12.7%	34,3 k €	-20.2%	43 k €	+12.1%	38,4 k €	-12.5%	43,8 k €	-4.5%	45,9 k €	+56.1%	29,4 k €	+7.5%	27,3 k €	+79.8%	15,2 k €
Net result	-28,1 k €	-975%	3,2 k €	-90.6%	34,3 k €	-32.9%	51,1 k €	-17.2%	61,7 k €	+3.7%	59,5 k €	+70.0%	35 k €	+753%	-5,4 k €	-123%	23,6 k €	+30.4%	18,1 k €	-71.8%	64,2 k €	+108%	30,9 k €	+11.9%	27,6 k €	-4.5%	28,9 k €	+73.5%	16,7 k €	+12.1%	14,9 k €	+69.4%	8,8 k €
Balance sheet
Equity	301,5 k €	-8.5%	329,6 k €	+1.0%	326,4 k €	+11.8%	292,1 k €	+21.2%	241 k €	-19.6%	299,7 k €	+24.8%	240,2 k €	+17.1%	205,2 k €	-2.5%	210,6 k €	+12.6%	186,9 k €	+10.7%	168,8 k €	+23.6%	136,6 k €	+29.2%	105,7 k €	+35.3%	78,1 k €	+51.3%	51,6 k €	+38.1%	37,4 k €	+50.0%	24,9 k €
Total assets	336 k €	-16.3%	401,3 k €	+10.9%	361,9 k €	+8.8%	332,7 k €	+6.2%	313,4 k €	-6.0%	333,5 k €	+20.0%	277,9 k €	+12.3%	247,5 k €	+14.3%	216,4 k €	+13.2%	191,1 k €	-3.8%	198,6 k €	+9.5%	181,3 k €	+3.6%	175,1 k €	+3.2%	169,7 k €	+1.9%	166,6 k €	-0.9%	168,1 k €	-9.6%	185,9 k €
Cash	11,2 k €	-60.8%	28,6 k €	-81.1%	150,8 k €	+15.7%	130,4 k €	+258%	36,4 k €	-25.2%	48,6 k €	-29.3%	68,8 k €	+33.4%	51,5 k €	-37.4%	82,3 k €	-3.7%	85,5 k €	-4.7%	89,7 k €	+86.8%	48 k €	+9.0%	44,1 k €	+128%	19,3 k €	+87.9%	10,3 k €	-61.8%	26,9 k €	+42.4%	18,9 k €
Debts	34,1 k €	-0.2%	34,2 k €	+3.3%	33,1 k €	-18.5%	40,6 k €	-43.8%	72,2 k €	+114%	33,8 k €	-10.2%	37,6 k €	+799%	4,2 k €	-6.3%	4,5 k €	+47.3%	3 k €	-89.8%	29,8 k €	-33.4%	44,7 k €	-35.5%	69,4 k €	-24.0%	91,3 k €	-20.6%	114,9 k €	-12.1%	130,7 k €	-18.8%	161 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Carl Meeusen

Director

Active

Ended mandates

Carl Meeusen

Manager

Ended

Ilse Scheers

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Advocaat Anke Dumez● Active	0745.427.776

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/09/2026	14/07/2025	19/06/2024	26/06/2023	28/06/2022	20/07/2021
General meeting	04/09/2026	30/06/2025	31/05/2024	12/05/2023	03/06/2022	04/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	04/09/2026	11/09/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	14/07/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	19/06/2024	Dutch	PDF
Micro model	31/12/2022	12/05/2023	26/06/2023	Dutch	PDF
Micro model	31/12/2021	03/06/2022	28/06/2022	Dutch	PDF
Micro model	31/12/2020	04/06/2021	20/07/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	10/07/2020	Dutch	PDF
Micro model	31/12/2018	18/06/2019	01/07/2019	Dutch	PDF
Micro model	31/12/2017	07/06/2018	25/06/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	14/07/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	14/07/2016	Dutch	PDF
Abridged model	31/12/2014	14/06/2015	03/07/2015	Dutch	PDF
Abridged model	31/12/2013	09/05/2014	27/05/2014	Dutch	PDF
Abridged model	31/12/2012	10/05/2013	27/05/2013	Dutch	PDF
Abridged model	31/12/2011	11/05/2012	16/05/2012	Dutch	PDF
Abridged model	31/12/2010	13/05/2011	26/05/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	20/05/2010	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Carl Meeusen

Director

Active

Ended mandates

Carl Meeusen

Manager

Ended

Ilse Scheers

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-28,1 k €↓
2024
Annual accounts 20243,2 k €↓
2023
Annual accounts 202334,3 k €↓
2022
Annual accounts 202251,1 k €↓
2021
Annual accounts 202161,7 k €↑
2021
Name changeM S C
2020
Annual accounts 202059,5 k €↑
2019
Annual accounts 201935 k €↑
2018
Annual accounts 2018-5,4 k €↓
2017
Annual accounts 201723,6 k €↑
2016
Annual accounts 201618,1 k €↓
2015
Annual accounts 201564,2 k €↑
2014
Annual accounts 201430,9 k €↑
2013
Annual accounts 201327,6 k €↓
2012
Annual accounts 201228,9 k €↑
2011
Annual accounts 201116,7 k €↑
2010
Annual accounts 201014,9 k €↑
2009
Annual accounts 20098,8 k €
25/03/2009
IncorporationPrivate limited company
2009
Name changeMSC

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MSC

Overview

What does MSC do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline