ACTIVE

MSG TRADING

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Financial year 2025 · closed on 31/12/2025

Net result

-51,9 k €

-637.2% YoY

Gross margin

-4,1 k €

-103.0% YoY

Equity

258,7 k €

-16.7% YoY

What does MSG TRADING do?

MSG TRADING is a Private limited company incorporated in 2005. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Zoutleeuw.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0873.528.154

Incorporation

27/04/2005

Legal form

Private limited company

Registered office

Neerlandensestraat 1 box E
3440 Zoutleeuw · FlandreSee on map

Contributed capital

253 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

47716Retail sale of clothing in specialised stores· main 47716Retail sale of clothing in specialised stores 31001Manufacture of furniture 31010Manufacture of office and shop furniture 47721Retail sale of footwear and leather goods in specialised stores 47721Retail sale of footwear and leather goods in specialised stores+4

Joint committees (2)

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-4,1 k €	-103%	136,2 k €	-22.1%	174,9 k €	+56.0%	112,1 k €	-3.7%	116,5 k €	-20.6%	146,7 k €	-8.1%	159,6 k €	-20.5%	200,7 k €	+2.0%	196,8 k €	+72.9%	113,8 k €	+0.3%	113,5 k €	+79.2%	63,4 k €	+19.0%	53,2 k €	+105%	25,9 k €	+269%	7 k €	-0.2%	7 k €	-73.5%	26,6 k €	+519%	4,3 k €	-57.0%	10 k €	-7.0%	10,8 k €
EBITDA	-20,6 k €	-170%	29,3 k €	-38.3%	47,5 k €	+756%	-7,2 k €	-117%	42 k €	-40.7%	70,8 k €	-4.6%	74,2 k €	-27.9%	103 k €	+5.5%	97,6 k €	+57.3%	62 k €	-20.1%	77,7 k €	+109%	37,2 k €	-15.9%	44,3 k €	+113%	20,8 k €	+395%	4,2 k €	-21.2%	5,3 k €	-77.7%	23,9 k €	+659%	3,1 k €	-54.2%	6,9 k €	-28.1%	9,6 k €
Operating result	-41,1 k €	-590%	8,4 k €	-61.4%	21,7 k €	+142%	-52,1 k €	-981%	-4,8 k €	-122%	22 k €	-16.4%	26,4 k €	-54.5%	58 k €	+10.8%	52,4 k €	+112%	24,7 k €	-45.0%	44,9 k €	+810%	4,9 k €	-61.9%	13 k €	+24.7%	10,4 k €	+294%	-5,4 k €	-35.8%	-3,9 k €	-126%	15,4 k €	+746%	-2,4 k €	-252%	-675,9 €	-135%	1,9 k €
Net result	-51,9 k €	-637%	-7 k €	-458%	2 k €	+1167%	155,3 €	-95.9%	3,8 k €	-78.2%	17,3 k €	+723%	2,1 k €	-88.4%	18,1 k €	+112%	8,6 k €	+204%	2,8 k €	+122578%	2,3 €	-99.8%	1,2 k €	-83.6%	7,6 k €	+13.5%	6,7 k €	+219%	-5,6 k €	-9.8%	-5,1 k €	-174%	7 k €	+877%	-895,4 €	+64.5%	-2,5 k €	-370%	935,1 €
Balance sheet
Equity	258,7 k €	-16.7%	310,6 k €	-2.2%	317,7 k €	+0.6%	315,7 k €	+0.0%	315,6 k €	+1.2%	311,8 k €	+5.9%	294,5 k €	+0.7%	292,4 k €	+6.6%	274,3 k €	+3.2%	265,7 k €	+1.1%	262,9 k €	+0.0%	262,9 k €	+0.5%	261,6 k €	+1942%	12,8 k €	+110%	6,1 k €	-48.0%	11,7 k €	-30.4%	16,9 k €	+70.2%	9,9 k €	-8.3%	10,8 k €	-18.9%	13,3 k €
Total assets	432,2 k €	-16.7%	519,2 k €	-21.4%	660,7 k €	-8.9%	725 k €	-5.8%	769,6 k €	-11.0%	864,4 k €	+3.0%	839,3 k €	-6.4%	896,9 k €	+9.2%	821 k €	+13.5%	723,3 k €	+16.8%	619,4 k €	+8.3%	571,8 k €	+3.5%	552,2 k €	+8.3%	510 k €	+929%	49,6 k €	+158%	19,3 k €	-46.1%	35,7 k €	-2.4%	36,6 k €	-11.4%	41,3 k €	-9.7%	45,8 k €
Cash	17,8 k €	-60.5%	44,9 k €	+62.1%	27,7 k €	-34.3%	42,2 k €	-5.0%	44,4 k €	-31.3%	64,6 k €	+115%	30,1 k €	+19.7%	25,2 k €	+148%	10,1 k €	-56.9%	23,5 k €	-56.8%	54,4 k €	+171%	20,1 k €	+148%	8,1 k €	-70.7%	27,7 k €	+610%	3,9 k €	+347%	870,5 €	+20.3%	723,8 €	-65.9%	2,1 k €	-4.1%	2,2 k €	-60.2%	5,6 k €
Debts	173,5 k €	-15.7%	205,7 k €	-37.2%	327,7 k €	-15.2%	386,7 k €	-10.6%	432,5 k €	-18.9%	533,2 k €	+1.7%	524,2 k €	-11.5%	592,1 k €	+8.3%	546,7 k €	+19.5%	457,6 k €	+28.8%	355,3 k €	+15.0%	308,9 k €	+6.3%	290,6 k €	-41.6%	497,2 k €	+1044%	43,5 k €	+479%	7,5 k €	-60.2%	18,9 k €	-29.4%	26,7 k €	-12.5%	30,5 k €	-6.0%	32,5 k €
Other
Workforce	–		1,1 ETP	-26.7%	1,5 ETP	-25.0%	2,0 ETP		–		2,1 ETP	0.0%	2,1 ETP		–		–		–		1,0 ETP	0.0%	1,0 ETP	+400%	0,2 ETP		–		–		–		–		–		–		–

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 31/12/2023 · 2 active · 6 ended

Active mandates

Guy Stryckmans

Mandate

Active

Sigrid Troonen

Mandate

Active

Ended mandates

Sigrid Troonen

Manager · since 01 juillet 2012

Ended

Guy Stryckmans

Manager · since 01 janvier 2010 · until 30 novembre 2010

Ended

Guy Stryckmans

Director

Ended

Guy Stryckmans

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Abridged 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	13/07/2026	04/07/2025	25/06/2024	19/06/2023	30/09/2022	26/08/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	13/07/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	04/07/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	25/06/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	19/06/2023	Dutch	PDF
Micro model	31/12/2021	17/06/2022	30/09/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	26/08/2021	Dutch	PDF
Abridged model	31/12/2019	04/09/2020	23/09/2020	Dutch	PDF
Micro model	31/12/2018	21/06/2019	26/08/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	27/08/2018	Dutch	PDF
Micro model	31/12/2016	16/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	27/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	03/07/2007	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 31/12/2023 · 2 active · 6 ended

Active mandates

Guy Stryckmans

Mandate

Active

Sigrid Troonen

Mandate

Active

Ended mandates

Sigrid Troonen

Manager · since 01 juillet 2012

Ended

Guy Stryckmans

Manager · since 01 janvier 2010 · until 30 novembre 2010

Ended

Guy Stryckmans

Director

Ended

Guy Stryckmans

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other08/10/2015
DOEL
PDF
Capital / shares16/01/2014
KAPITAAL - AANDELEN
PDF
Mandates25/07/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/05/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/01/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2006
ONTSLAGEN - BENOEMINGEN
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 2025-51,9 k €↓
2024
Annual accounts 2024-7 k €↓
2023
Annual accounts 20232 k €↑
2022
Annual accounts 2022155,3 €↓
2021
Annual accounts 20213,8 k €↓
2020
Annual accounts 202017,3 k €↑
2019
Annual accounts 20192,1 k €↓
2018
Annual accounts 201818,1 k €↑
2017
Annual accounts 20178,6 k €↑
2016
Annual accounts 20162,8 k €↑
2015
Annual accounts 20152,3 €↓
2014
Annual accounts 20141,2 k €↓
2013
Annual accounts 20137,6 k €↑
2012
Annual accounts 20126,7 k €↑
2011
Annual accounts 2011-5,6 k €↓
2010
Annual accounts 2010-5,1 k €↓
2009
Annual accounts 20097 k €↑
2008
Annual accounts 2008-895,4 €↑
2007
Annual accounts 2007-2,5 k €↓
2006
Annual accounts 2006935,1 €
27/04/2005
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

MSG TRADING

Overview

What does MSG TRADING do?

Trend over 20 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