ACTIVE

MUST Insurance

Export PDF

Financial year 2024 · closed on 30/06/2024

Net result

-16,6 k €

-2260.0% YoY

Gross margin

1 k €

-48.1% YoY

Equity

-10,5 M €

-0.2% YoY

Workforce

0,0 ETP

What does MUST Insurance do?

MUST Insurance is a Public limited company incorporated in 2006. Its registered office is in Tournai.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.741.246

Incorporation

14/12/2006

Legal form

Public limited company

Registered office

Rue Barthélémy Frison(TOU) 13
7500 Tournai · WallonieSee on map

Contributed capital

300 000,00 €

Latest accounts

30/06/2024

Average workforce

0,0 ETP

Signals

Good liquidityPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 8 financial years

	2024		2023		2022		2012		2011		2010		2009		2008
Income statement
Gross margin	1 k €	-48.1%	2 k €	-90.4%	20,9 k €	+121%	-98,3 k €	+15.3%	-116 k €	+16.4%	-138,7 k €	+29.7%	-197,4 k €	+30.7%	-284,8 k €
EBITDA	1 k €	-11.8%	1,2 k €	+100%	-410,2 k €	-308%	-100,6 k €	+18.4%	-123,2 k €	+12.2%	-140,3 k €	+30.3%	-201,3 k €	+31.5%	-294 k €
Operating result	1 k €	-11.8%	1,2 k €	+100%	-410,2 k €	-218%	-128,9 k €	+14.9%	-151,5 k €	+4.6%	-158,9 k €	+28.2%	-221,2 k €	+27.1%	-303,6 k €
Net result	-16,6 k €	-2260%	-704,6 €	+100.0%	-7,1 M €	-419%	2,2 M €	+146%	900,4 k €	-44.2%	1,6 M €	+7.8%	1,5 M €	-36.5%	2,4 M €
Balance sheet
Equity	-10,5 M €	-0.2%	-10,4 M €	-0.0%	-10,4 M €	-217%	8,9 M €	+33.2%	6,7 M €	+15.6%	5,8 M €	+40.0%	4,1 M €	+62.7%	2,5 M €
Total assets	2,5 M €	-11.7%	2,9 M €	-10.7%	3,2 M €	-89.4%	30,2 M €	+0.3%	30,1 M €	+0.4%	30 M €	-0.1%	30 M €	-0.8%	30,3 M €
Cash	–		0 €	-100%	2,3 k €	-98.9%	211,7 k €	+126%	93,5 k €	+392%	19 k €	-4.6%	19,9 k €	+385%	4,1 k €
Debts	13 M €	-2.4%	13,3 M €	-2.5%	13,6 M €	-36.1%	21,4 M €	-9.0%	23,5 M €	-3.2%	24,3 M €	-6.4%	25,9 M €	-6.6%	27,8 M €
Other
Workforce	0,0 ETP		0,0 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 30/06/2024 · 2 active · 8 ended

Active mandates

Hassina ABDELALI

Managing director · since 16 novembre 2015

Active

René PHILIPPE

Managing director

Active

Ended mandates

Hassina ABDELALI

Director · since 16 novembre 2015

Ended

Jean-Luc GOSSET

Mandate · since 14 décembre 2006

Ended

René PHILIPPE

Managing director · since 14 décembre 2006

Ended

Hassina ABDELALI

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
ASSOCIATION DES COPROPRIETAIRES DE L'ENSEMBLE IMMOBILIER RESIDENTIEL ILOT DESCLEE I● Active	0597.611.951
COOPALIA● Bankrupt	0642.880.267
ECOTRABEL● Bankrupt	0833.233.958
KLARYS● Active	0899.470.904
MIVERMALA● Active	0826.173.546
Société Médicale KLIPPER● Active	0797.567.355
SPACE FOR SIX● Active	0646.846.973

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019	01/07/2018
Closing of the financial year	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020	30/06/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/02/2025	27/02/2024	26/01/2023	24/02/2022	29/01/2021	02/12/2019
General meeting	23/01/2025	18/10/2023	18/11/2022	14/01/2022	15/01/2021	16/10/2019
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 days

Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2024	23/01/2025	25/02/2025	French	PDF
Abridged model	30/06/2023	18/10/2023	27/02/2024	French	PDF
Abridged model	30/06/2022	18/11/2022	26/01/2023	French	PDF
Abridged model	30/06/2021	14/01/2022	24/02/2022	French	PDF
Abridged model	30/06/2020	15/01/2021	29/01/2021	French	PDF
Abridged model	30/06/2019	16/10/2019	02/12/2019	French	PDF
Abridged model	30/06/2018	17/10/2018	30/11/2018	French	PDF
Abridged model	30/06/2017	18/10/2017	29/11/2017	French	PDF
Abridged model	30/06/2016	20/12/2016	21/12/2016	French	PDF
Abridged model	30/06/2015	21/10/2015	21/10/2015	French	PDF
Abridged model	30/06/2014	15/10/2014	12/11/2014	French	PDF
Abridged model	30/06/2013	16/10/2013	10/12/2013	French	PDF
Abridged model	30/06/2012	17/10/2012	05/12/2012	French	PDF
Abridged model	30/06/2011	19/10/2011	21/10/2011	French	PDF
Abridged model	30/06/2010	20/10/2010	18/11/2010	French	PDF
Abridged model	30/06/2009	21/10/2009	03/11/2009	French	PDF
Abridged model	30/06/2008	15/10/2008	16/10/2008	French	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 30/06/2024 · 2 active · 8 ended

Active mandates

Hassina ABDELALI

Managing director · since 16 novembre 2015

Active

René PHILIPPE

Managing director

Active

Ended mandates

Hassina ABDELALI

Director · since 16 novembre 2015

Ended

Jean-Luc GOSSET

Mandate · since 14 décembre 2006

Ended

René PHILIPPE

Managing director · since 14 décembre 2006

Ended

Hassina ABDELALI

Managing director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/03/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates11/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates19/12/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates02/03/2017
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates03/12/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates17/12/2012
DEMISSIONS, NOMINATIONS
PDF
Other20/03/2008
Vente de biens dans tes deux ans de la constitution (quasi-apport)
PDF
Mandates27/12/2007
SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ANNEE COMPTABLE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS
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

2024
Annual accounts 2024-16,6 k €↓
2023
Annual accounts 2023-704,6 €↑
2022
Annual accounts 2022-7,1 M €↓
2012
Annual accounts 20122,2 M €↑
2011
Annual accounts 2011900,4 k €↓
2010
Annual accounts 20101,6 M €↑
2009
Annual accounts 20091,5 M €↓
2008
Annual accounts 20082,4 M €
14/12/2006
IncorporationPublic 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

MUST Insurance

Overview

What does MUST Insurance do?

Trend over 8 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