ACTIVE

MS MANAGEMENT & PARTICIPATIONS

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Financial year 2025 · closed on 31/08/2025

Net result

-18,4 k €

-110.2% YoY

Gross margin

63,2 k €

-77.3% YoY

Equity

983,9 k €

-1.8% YoY

Workforce

0,0 ETP

What does MS MANAGEMENT & PARTICIPATIONS do?

MS MANAGEMENT & PARTICIPATIONS is a Private company with limited liability incorporated in 2006. Its registered office is in Arlon.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0880.506.909

Incorporation

05/04/2006

Legal form

Private company with limited liability

Registered office

Rue de l'Hydrion 113
6700 Arlon · WallonieSee on map

Contributed capital

20 000,00 €

Latest accounts

31/08/2025

Average workforce

0,0 ETP

Signals

Solid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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	63,2 k €	-77.3%	278,6 k €	+333%	64,3 k €	-6.6%	68,9 k €	-18.1%	84,1 k €	+12.2%	74,9 k €	+8.8%	68,9 k €	+0.0%	68,9 k €	-79.7%	340,1 k €	+782%	38,6 k €	-44.4%	69,3 k €	-46.5%	129,5 k €	+41.7%	91,4 k €	-18.9%	112,6 k €	+13.8%	98,9 k €	-2.9%	101,9 k €	-4.2%	106,4 k €	-6.7%	114 k €	+524%	18,3 k €
EBITDA	56,6 k €	-79.2%	272,4 k €	+366%	58,5 k €	-8.1%	63,6 k €	-19.0%	78,5 k €	+9.7%	71,5 k €	+20.5%	59,4 k €	-6.7%	63,7 k €	-79.8%	314,9 k €	+3003%	10,2 k €	-84.4%	64,9 k €	-48.6%	126,2 k €	+43.4%	88 k €	-17.4%	106,6 k €	+11.3%	95,8 k €	-3.2%	98,9 k €	-4.7%	103,7 k €	-8.1%	112,9 k €	+525%	18,1 k €
Operating result	14,9 k €	-93.5%	230,2 k €	+1313%	16,3 k €	-5.5%	17,3 k €	-54.8%	38,2 k €	+18.4%	32,2 k €	+51.6%	21,3 k €	-16.7%	25,5 k €	-91.1%	285,8 k €	+1613%	-18,9 k €	-163%	30 k €	-72.1%	107,5 k €	+67.5%	64,1 k €	-22.5%	82,7 k €	-1.8%	84,3 k €	-4.7%	88,4 k €	-1.9%	90,2 k €	-9.3%	99,4 k €	+1340%	-8 k €
Net result	-18,4 k €	-110%	179,7 k €	+2155%	-8,7 k €	-15.6%	-7,6 k €	-113%	56,9 k €	+370%	12,1 k €	+247%	3,5 k €	-66.1%	10,3 k €	-96.0%	255,4 k €	+645%	34,3 k €	-20.3%	43 k €	-26.8%	58,7 k €	+96.8%	29,8 k €	-30.6%	42,9 k €	-29.6%	61 k €	+128%	26,7 k €	-44.7%	48,3 k €	-12.2%	55 k €	+36.5%	40,3 k €
Balance sheet
Equity	983,9 k €	-1.8%	1 M €	+95.8%	511,9 k €	-1.7%	520,6 k €	-1.4%	528,2 k €	-26.1%	714,2 k €	+1.7%	702,1 k €	+0.5%	698,6 k €	+1.5%	688,4 k €	+59.0%	433 k €	+8.6%	398,7 k €	+12.1%	355,7 k €	+9.8%	324,1 k €	+10.1%	294,2 k €	+17.1%	251,3 k €	+32.0%	190,3 k €	+16.3%	163,6 k €	+41.9%	115,3 k €	+91.2%	60,3 k €
Total assets	1,8 M €	-13.5%	2,1 M €	+46.6%	1,4 M €	-7.8%	1,5 M €	+1.0%	1,5 M €	-3.6%	1,6 M €	-5.6%	1,7 M €	+0.4%	1,7 M €	+1.7%	1,6 M €	-16.0%	2 M €	-1.3%	2 M €	+48.6%	1,3 M €	+32.3%	1 M €	+1.5%	989,3 k €	+15.6%	855,5 k €	+9.1%	784,1 k €	+21.5%	645,5 k €	-1.2%	653,4 k €	+77.2%	368,8 k €
Cash	193,7 k €	-55.9%	439,1 k €	+1093%	36,8 k €	+9.8%	33,5 k €	-61.4%	86,7 k €	-9.7%	96 k €	+102%	47,6 k €	-2.7%	48,9 k €	+261%	13,5 k €	+416%	2,6 k €	-97.6%	108,1 k €	+152%	42,9 k €	+128%	18,8 k €	+200%	6,3 k €	-92.1%	79,4 k €	+191%	27,3 k €	+24.5%	21,9 k €	+211%	7 k €	-93.0%	100,7 k €
Debts	813,5 k €	-24.4%	1,1 M €	+18.8%	906,3 k €	-10.9%	1 M €	+2.2%	995,1 k €	+15.0%	865,3 k €	-10.8%	970,5 k €	+0.2%	968,4 k €	+1.9%	950,2 k €	-37.4%	1,5 M €	-3.7%	1,6 M €	+62.3%	971 k €	+43.0%	678,9 k €	-2.0%	693 k €	+15.8%	598,6 k €	+1.8%	587,9 k €	+22.7%	478,9 k €	-11.0%	538,1 k €	+74.4%	308,5 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		0,0 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 31/08/2025 · 1 active · 6 ended

Active mandates

WALITAS

Director · since 27 juillet 2017 · 0666.998.130

Represented by PHILIPPE DENIS

Active

Ended mandates

WALITAS

Director · since 27 juillet 2018 · 0666.998.130

Represented by Philippe DENIS

Ended

WALITAS

Manager · since 27 juillet 2018 · 0666.998.130

Represented by Philippe DENIS

Ended

WALITAS

Manager · since 27 juillet 2018 · 0666.998.130

Represented by Philippe DENIS

Ended

Cécile STAS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
CENTRE DE SERVICES LUXVERT● Active	0826.204.329
OFAC + ASSURANCES● Active	0432.425.901
PROMELUX Confédération Luxembourgeoise des Associations de Commerçants et des Artisans● Active	0463.352.073
Union des Classes Moyennes de la Province de Luxembourg● Active	0410.162.124
WALITAS● Active	0666.998.130

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	23/03/2026	24/02/2025	28/03/2024	27/04/2023	29/04/2022	19/04/2021
General meeting	12/11/2025	13/02/2025	23/02/2024	28/02/2023	30/03/2022	01/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/08/2025	12/11/2025	23/03/2026	French	PDF
Abridged model	31/08/2024	13/02/2025	24/02/2025	French	PDF
Abridged model	31/08/2023	23/02/2024	28/03/2024	French	PDF
Abridged model	31/08/2022	28/02/2023	27/04/2023	French	PDF
Abridged model	31/08/2021	30/03/2022	29/04/2022	French	PDF
Abridged model	31/08/2020	01/03/2021	19/04/2021	French	PDF
Abridged model	31/08/2019	13/11/2019	23/01/2020	French	PDF
Abridged model	31/08/2018	14/11/2018	27/11/2018	French	PDF
Abridged model	31/08/2017	08/11/2017	10/11/2017	French	PDF
Abridged model	31/08/2016	09/11/2016	17/01/2017	French	PDF
Abridged model	31/08/2015	10/11/2015	25/03/2016	French	PDF
Abridged model	31/08/2014	12/11/2014	17/04/2015	French	PDF
Abridged model	31/08/2013	13/11/2013	04/04/2014	French	PDF
Abridged model	31/08/2012	14/11/2012	26/03/2013	French	PDF
Abridged model	31/08/2011	09/11/2011	14/02/2012	French	PDF
Abridged model	31/08/2010	10/11/2010	15/02/2011	French	PDF
Abridged model	31/08/2009	12/11/2009	19/03/2010	French	PDF
Abridged model	31/08/2008	12/11/2008	13/02/2009	French	PDF
Abridged model	31/08/2007	14/11/2007	05/12/2007	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 31/08/2025 · 1 active · 6 ended

Active mandates

WALITAS

Director · since 27 juillet 2017 · 0666.998.130

Represented by PHILIPPE DENIS

Active

Ended mandates

WALITAS

Director · since 27 juillet 2018 · 0666.998.130

Represented by Philippe DENIS

Ended

WALITAS

Manager · since 27 juillet 2018 · 0666.998.130

Represented by Philippe DENIS

Ended

WALITAS

Manager · since 27 juillet 2018 · 0666.998.130

Represented by Philippe DENIS

Ended

Cécile STAS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office26/01/2026
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Mandates11/05/2021
OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/09/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office04/05/2018
SIEGE SOCIAL
PDF
Mandates23/01/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares07/07/2014
CAPITAL, ACTIONS
PDF
Registered office12/12/2012
SIEGE SOCIAL
PDF
Other13/04/2006
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 2025-18,4 k €↓
2024
Annual accounts 2024179,7 k €↑
2023
Annual accounts 2023-8,7 k €↓
2023
Name changeMS MANAGEMENT
2022
Annual accounts 2022-7,6 k €↓
2021
Annual accounts 202156,9 k €↑
2021
Name changeMS MANAGEMENT & PARTICIPATIONS
2020
Annual accounts 202012,1 k €↑
2019
Annual accounts 20193,5 k €↓
2018
Annual accounts 201810,3 k €↓
2017
Annual accounts 2017255,4 k €↑
2016
Annual accounts 201634,3 k €↓
2015
Annual accounts 201543 k €↓
2014
Annual accounts 201458,7 k €↑
2013
Annual accounts 201329,8 k €↓
2012
Annual accounts 201242,9 k €↓
2011
Annual accounts 201161 k €↑
2010
Annual accounts 201026,7 k €↓
2009
Annual accounts 200948,3 k €↓
2008
Annual accounts 200855 k €↑
2007
Annual accounts 200740,3 k €
05/04/2006
IncorporationPrivate company with limited liability

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 MANAGEMENT & PARTICIPATIONS

Overview

What does MS MANAGEMENT & PARTICIPATIONS do?

Trend over 19 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline