ACTIVE

MS

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Financial year 2025 · closed on 30/06/2025

Net result

47 k €

+12827.9% YoY

Gross margin

83,9 k €

+443.5% YoY

Equity

61,5 k €

+12.8% YoY

What does MS do?

MS is a Private limited company incorporated in 2003. Its main activity is: Camping grounds, recreational vehicle parks and trailer parks. Its registered office is in Morlanwelz.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.023.180

Incorporation

11/08/2003

Legal form

Private limited company

Registered office

Rue Mon Plaisir(CAR) 53
7141 Morlanwelz · WallonieSee on map

Contributed capital

12 400,00 €

Latest accounts

30/06/2025

Activities (NACE)

55302Camping grounds, recreational vehicle parks and trailer parks· main 56102Restaurants and mobile food service activities 56112Restaurants and mobile food service activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	83,9 k €	+444%	15,4 k €	-64.9%	44 k €	+7.3%	41 k €	+84.1%	22,3 k €	+470%	3,9 k €	-74.8%	15,5 k €	+139%	6,5 k €	+330%	1,5 k €	-84.6%	9,8 k €	-60.0%	24,5 k €	+77.2%	13,8 k €	-30.9%	20 k €	+20.2%	16,6 k €	-11.8%	18,8 k €	+35.9%	13,9 k €	-4.4%	14,5 k €	-25.3%	19,4 k €	+76.0%	11 k €
EBITDA	68,5 k €	+4109%	1,6 k €	-90.5%	17,1 k €	-33.9%	25,9 k €	+44.6%	17,9 k €	+299%	-9 k €	-179%	11,4 k €	+119%	5,2 k €	+27511%	-19 €	-100%	8,5 k €	-64.2%	23,7 k €	+100%	11,9 k €	-35.6%	18,4 k €	+19.9%	15,4 k €	-13.4%	17,7 k €	+38.9%	12,8 k €	+1.1%	12,6 k €	-3.7%	13,1 k €	+32.0%	9,9 k €
Operating result	63,5 k €	+7244%	-889 €	-105%	16,4 k €	-9.4%	18,1 k €	+77.3%	10,2 k €	+161%	-16,7 k €	-534%	3,8 k €	+304%	-1,9 k €	+78.2%	-8,6 k €	-8038%	-106 €	-101%	12,8 k €	+1507%	797 €	-81.4%	4,3 k €	-48.0%	8,2 k €	-22.4%	10,6 k €	+179%	3,8 k €	+0.1%	3,8 k €	+22.6%	3,1 k €	+103%	1,5 k €
Net result	47 k €	+12828%	-369 €	-103%	13,9 k €	-21.7%	17,7 k €	+75.7%	10,1 k €	+159%	-17 k €	-612%	3,3 k €	+257%	-2,1 k €	+76.3%	-8,9 k €	-1606%	-523 €	-105%	10,4 k €	+6867%	-154 €	-110%	1,6 k €	-74.9%	6,3 k €	+25.3%	5,1 k €	+1.6%	5 k €	+237%	1,5 k €	+168%	551 €	+119%	-2,9 k €
Balance sheet
Equity	61,5 k €	+12.8%	54,6 k €	-0.7%	54,9 k €	+33.7%	41,1 k €	+75.7%	23,4 k €	+75.7%	13,3 k €	-56.1%	30,3 k €	+12.3%	27 k €	-7.3%	29,1 k €	-23.5%	38 k €	-1.4%	38,6 k €	+37.0%	28,1 k €	-0.5%	28,3 k €	+6.0%	26,7 k €	+31.1%	20,4 k €	+33.0%	15,3 k €	+48.1%	10,3 k €	+16.6%	8,9 k €	+6.6%	8,3 k €
Total assets	137,3 k €	+79.5%	76,5 k €	+4.3%	73,3 k €	+55.7%	47,1 k €	+62.3%	29 k €	-19.6%	36,1 k €	-9.7%	40 k €	+21.8%	32,8 k €	-28.5%	45,9 k €	-32.2%	67,7 k €	-22.9%	87,9 k €	-3.8%	91,3 k €	-18.6%	112,3 k €	+223%	34,8 k €	+23.9%	28,1 k €	-9.5%	31 k €	-13.6%	35,9 k €	-19.7%	44,7 k €	-11.5%	50,6 k €
Cash	6,9 k €	-80.7%	35,8 k €	-47.6%	68,4 k €	+80.0%	38 k €	+220%	11,9 k €	-3.0%	12,2 k €	-7.6%	13,2 k €	+576%	2 k €	-60.3%	4,9 k €	+47.1%	3,4 k €	+1838%	173 €	-97.3%	6,5 k €	-44.8%	11,7 k €	-2.7%	12 k €	+48.0%	8,1 k €	+91.3%	4,2 k €	+186%	1,5 k €	+69.5%	876 €	-82.3%	5 k €
Debts	75,7 k €	+246%	21,9 k €	+26.0%	17,4 k €	+246%	5 k €	-11.0%	5,6 k €	-75.2%	22,8 k €	+136%	9,7 k €	+66.2%	5,8 k €	-65.3%	16,8 k €	-43.5%	29,7 k €	-39.8%	49,3 k €	-19.4%	61,2 k €	-25.8%	82,5 k €	+1257%	6,1 k €	-21.1%	7,7 k €	-50.9%	15,7 k €	-38.6%	25,6 k €	-24.5%	33,9 k €	-17.9%	41,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,2 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active

Active mandates

Claudio STEFANINI

Manager · since 07 août 2003

Active

Fatima MAAS

Manager · since 07 août 2003

Active

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/12/2025	31/12/2024	27/12/2023	28/12/2022	30/12/2021	29/12/2020
General meeting	29/12/2025	31/12/2024	26/12/2023	26/12/2022	27/12/2021	28/12/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	29/12/2025	31/12/2025	French	PDF
Micro model	30/06/2024	31/12/2024	31/12/2024	French	PDF
Micro model	30/06/2023	26/12/2023	27/12/2023	French	PDF
Micro model	30/06/2022	26/12/2022	28/12/2022	French	PDF
Micro model	30/06/2021	27/12/2021	30/12/2021	French	PDF
Micro model	30/06/2020	28/12/2020	29/12/2020	French	PDF
Micro model	30/06/2019	23/12/2019	25/12/2019	French	PDF
Micro model	30/06/2018	24/12/2018	26/12/2018	French	PDF
Abridged model	30/06/2017	26/12/2017	29/12/2017	French	PDF
Abridged model	30/06/2016	26/12/2016	26/12/2016	French	PDF
Abridged model	30/06/2015	28/12/2015	07/01/2016	French	PDF
Abridged model	30/06/2014	28/12/2014	05/01/2015	French	PDF
Abridged model	30/06/2013	26/12/2013	26/01/2014	French	PDF
Abridged model	30/06/2012	27/12/2012	29/01/2013	French	PDF
Abridged model	30/06/2011	28/12/2011	03/01/2012	French	PDF
Abridged model	30/06/2010	27/12/2010	28/12/2010	French	PDF
Abridged model	30/06/2009	28/12/2009	16/04/2010	French	PDF
Abridged model	30/06/2008	24/12/2008	05/01/2009	French	PDF
Abridged model	30/06/2007	26/12/2007	24/01/2008	French	PDF
Abridged model	30/06/2006	26/12/2006	12/01/2007	French	PDF
Abridged model	30/06/2005	31/12/2005	12/01/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/06/2025 · 2 active

Active mandates

Claudio STEFANINI

Manager · since 07 août 2003

Active

Fatima MAAS

Manager · since 07 août 2003

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/01/2024
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Other19/08/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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

2025
Annual accounts 202547 k €↑
2024
Annual accounts 2024-369 €↓
2023
Annual accounts 202313,9 k €↓
2022
Annual accounts 202217,7 k €↑
2021
Annual accounts 202110,1 k €↑
2020
Annual accounts 2020-17 k €↓
2019
Annual accounts 20193,3 k €↑
2018
Annual accounts 2018-2,1 k €↑
2017
Annual accounts 2017-8,9 k €↓
2016
Annual accounts 2016-523 €↓
2015
Annual accounts 201510,4 k €↑
2014
Annual accounts 2014-154 €↓
2013
Annual accounts 20131,6 k €↓
2012
Annual accounts 20126,3 k €↑
2011
Annual accounts 20115,1 k €↑
2010
Annual accounts 20105 k €↑
2009
Annual accounts 20091,5 k €↑
2008
Annual accounts 2008551 €↑
2007
Annual accounts 2007-2,9 k €
11/08/2003
IncorporationPrivate limited company

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

MS

Overview

What does MS do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline