MS 38
0860.291.020 · rovalta.com · 23/09/2026
ACTIVE
MS 38
Financial year 2025 · closed on 31/08/2025
Net result
853 €
-55.5% YoY
Gross margin
5 k €
-34.2% YoY
Equity
28,8 k €
+3.1% YoY
Overview
What does MS 38 do?
MS 38 is a Private limited company incorporated in 2003. Its main activity is: Warehousing and storage. Its registered office is in Bruxelles.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0860.291.020
Incorporation
13/06/2003
Legal form
Private limited company
Registered office
Rue de Verdun 344
1130 Bruxelles · BruxellesSee on map
1130 Bruxelles · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/08/2025
Activities (NACE)
52112Warehousing and storage· main68310Real estate agencies68311Real estate agencies47110Retail sale in non-specialised stores with food, beverages or tobacco predominating47112Retail sale in non-specialised stores with food, beverages or tobacco predominating61100Wired telecommunications activities+4
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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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 | 5 k € | -34.2% | 7,6 k € | -11.6% | 8,6 k € | -7.7% | 9,3 k € | -50.1% | 18,6 k € | -1.0% | 18,8 k € | +32.4% | 14,2 k € | -5.2% | 15 k € | +30.2% | 11,5 k € | +867% | 1,2 k € | -75.6% | 4,9 k € | +39.7% | 3,5 k € | -60.8% | 8,9 k € | +7.2% | 8,3 k € | -7.7% | 9 k € | +51.6% | 5,9 k € | -9.8% | 6,6 k € | +88.1% | 3,5 k € | -12.8% | 4 k € |
| EBITDA | 2,9 k € | -48.4% | 5,5 k € | -25.0% | 7,4 k € | +16.8% | 6,3 k € | -45.3% | 11,6 k € | -31.1% | 16,8 k € | +37.3% | 12,2 k € | +1.1% | 12,1 k € | +27.7% | 9,5 k € | +302% | -4,7 k € | -1926% | 257 € | +129% | -890 € | -120% | 4,3 k € | +10.8% | 3,9 k € | -16.3% | 4,7 k € | +33.3% | 3,5 k € | -41.9% | 6,1 k € | +120% | 2,7 k € | -15.7% | 3,3 k € |
| Operating result | 1,9 k € | -59.6% | 4,8 k € | -28.3% | 6,7 k € | +10.7% | 6,1 k € | -30.5% | 8,7 k € | +11.6% | 7,8 k € | +239% | 2,3 k € | +59.9% | 1,4 k € | +4406% | 32 € | +100% | -10,6 k € | -252% | -3 k € | -4.3% | -2,9 k € | -328% | 1,3 k € | +118% | 580 € | -56.9% | 1,3 k € | +821% | 146 € | -95.9% | 3,5 k € | +324% | 830 € | -16.5% | 994 € |
| Net result | 853 € | -55.5% | 1,9 k € | -61.3% | 5 k € | +51.4% | 3,3 k € | -26.0% | 4,4 k € | -37.8% | 7,1 k € | +294% | 1,8 k € | +151% | 720 € | +211% | -651 € | +94.3% | -11,4 k € | -1132% | 1,1 k € | +137% | -3 k € | -627% | 572 € | +249% | -385 € | -140% | 969 € | +471% | -261 € | -107% | 3,6 k € | +2427% | 143 € | -84.1% | 900 € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 28,8 k € | +3.1% | 27,9 k € | +7.4% | 26 k € | +23.5% | 21,1 k € | +18.4% | 17,8 k € | +33.0% | 13,4 k € | +113% | 6,3 k € | +40.4% | 4,5 k € | +19.2% | 3,8 k € | -14.8% | 4,4 k € | -72.1% | 15,8 k € | +7.4% | 14,7 k € | -17.0% | 17,7 k € | +3.3% | 17,1 k € | -2.2% | 17,5 k € | +5.9% | 16,6 k € | -1.6% | 16,8 k € | +27.4% | 13,2 k € | +1.1% | 13,1 k € |
| Total assets | 38,7 k € | -9.2% | 42,6 k € | -1.9% | 43,4 k € | +43.4% | 30,3 k € | -34.8% | 46,4 k € | +118% | 21,3 k € | -10.4% | 23,7 k € | -19.8% | 29,6 k € | -13.5% | 34,2 k € | -18.2% | 41,8 k € | +97.7% | 21,2 k € | +25.9% | 16,8 k € | -58.8% | 40,8 k € | +131% | 17,6 k € | -12.3% | 20,1 k € | -16.9% | 24,2 k € | -7.2% | 26,1 k € | -7.5% | 28,2 k € | +22.2% | 23,1 k € |
| Cash | 2,1 k € | -52.4% | 4,5 k € | – | 459 € | -96.6% | 13,4 k € | +309% | 3,3 k € | -26.8% | 4,5 k € | +769% | 515 € | -84.8% | 3,4 k € | +136% | 1,4 k € | -51.8% | 3 k € | -48.1% | 5,7 k € | +51.3% | 3,8 k € | -24.6% | 5 k € | +7.9% | 4,7 k € | +623% | 643 € | -40.8% | 1,1 k € | -49.4% | 2,1 k € | +462% | 382 € | ||
| Debts | 9,9 k € | -32.6% | 14,7 k € | -15.6% | 17,4 k € | +89.1% | 9,2 k € | -67.8% | 28,6 k € | +262% | 7,9 k € | -54.8% | 17,5 k € | -30.5% | 25,1 k € | -17.5% | 30,5 k € | -18.6% | 37,4 k € | +597% | 5,4 k € | +155% | 2,1 k € | -90.9% | 23 k € | +4491% | 502 € | -80.6% | 2,6 k € | -66.1% | 7,6 k € | -17.5% | 9,3 k € | -38.3% | 15 k € | +49.7% | 10 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/08/2023 · 1 active
Active mandates
SEN
ActiveAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
AKM SERVICES● Active | 0761.563.925 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Abridged model | Micro model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/09/2024 | 01/09/2023 | 01/09/2022 | 01/09/2021 | 01/09/2020 | 01/09/2019 |
| Closing of the financial year | 31/08/2025 | 31/08/2024 | 31/08/2023 | 31/08/2022 | 31/08/2021 | 31/08/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 27/02/2026 | 24/02/2025 | 05/12/2023 | 20/02/2023 | 30/03/2022 | 07/12/2020 |
| General meeting | 21/10/2025 | 17/10/2024 | 17/10/2023 | 18/10/2022 | 21/10/2021 | 20/10/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/08/2025 | 21/10/2025 | 27/02/2026 | French | |
| Abridged model | 31/08/2024 | 17/10/2024 | 24/02/2025 | French | |
| Micro model | 31/08/2023 | 17/10/2023 | 05/12/2023 | French | |
| Abridged model | 31/08/2022 | 18/10/2022 | 20/02/2023 | French | |
| Abridged model | 31/08/2021 | 21/10/2021 | 30/03/2022 | French | |
| Abridged model | 31/08/2020 | 20/10/2020 | 07/12/2020 | French | |
| Abridged model | 31/08/2019 | 20/11/2019 | 20/11/2019 | French | |
| Abridged model | 31/08/2018 | 20/10/2018 | 22/10/2018 | French | |
| Abridged model | 31/08/2017 | 17/10/2017 | 23/10/2017 | French | |
| Abridged model | 31/08/2016 | 18/10/2016 | 25/10/2016 | French | |
| Abridged model | 31/08/2015 | 20/10/2015 | 01/12/2015 | French | |
| Abridged model | 31/08/2014 | 15/10/2014 | 03/12/2014 | French | |
| Abridged model | 31/08/2013 | 23/10/2013 | 14/11/2013 | French | |
| Abridged model | 31/08/2012 | 22/10/2012 | 16/11/2012 | French | |
| Abridged model | 31/08/2011 | 22/10/2011 | 15/11/2011 | French | |
| Abridged model | 31/08/2010 | 21/10/2010 | 02/12/2010 | French | |
| Abridged model | 31/08/2009 | 20/10/2009 | 16/11/2009 | French | |
| Abridged model | 31/08/2008 | 19/10/2008 | 03/12/2008 | French | |
| Abridged model | 31/08/2007 | 19/10/2007 | 06/11/2007 | French |
Valuation
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.
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 31/08/2023 · 1 active
Active mandates
SEN
ActiveShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates25/09/2024MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
- Registered office05/03/2021MAATSCHAPPELIJKE ZETEL
- Mandates16/09/2020CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
- Mandates30/06/2016CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
- Mandates27/04/2016DEMISSION/NOMINATION GERANT - TRANSFERT DES PARTS
- Mandates19/12/2014DEMISSION GERANT
- Mandates27/08/2014NOMINATION GERANT
- Mandates17/09/2013DENOMINATION - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025853 €↓
- 2024Annual accounts 20241,9 k €↓
- 2023Annual accounts 20235 k €↑
- 2022Annual accounts 20223,3 k €↓
- 2021Annual accounts 20214,4 k €↓
- 2020Annual accounts 20207,1 k €↑
- 2019Annual accounts 20191,8 k €↑
- 2018Annual accounts 2018720 €↑
- 2017Annual accounts 2017-651 €↑
- 2016Annual accounts 2016-11,4 k €↓
- 2015Annual accounts 20151,1 k €↑
- 2014Annual accounts 2014-3 k €↓
- 2013Annual accounts 2013572 €↑
- 2012Annual accounts 2012-385 €↓
- 2011Annual accounts 2011969 €↑
- 2010Annual accounts 2010-261 €↓
- 2009Annual accounts 20093,6 k €↑
- 2008Annual accounts 2008143 €↓
- 2007Annual accounts 2007900 €
- 13/06/2003IncorporationPrivate limited company