Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MSG - International Europe from Ecaussinnes, company number BE0423000172, closed financial year 2025 with a result of € -130 after tax. For that financial year MSG - International Europe recorded a gross margin of € -88 and equity of € 15,447. Compared with financial year 2024, the result moved from € -126 to € -130. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 15,447
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -130
▼ 3 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6,786
▲ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.5 million.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,000
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -76 | € -1,335 | € -84 | € -88 | ▼ € 4 |
| Profit after taxes | € -119 | € -1,527 | € -126 | € -130 | ▼ € 4 |
| Equity | € 17,230 | € 15,703 | € 15,577 | € 15,447 | ▼ 1% |
| Total debts | € 639 | € 639 | € 639 | € 1,639 | ▲ 156% |
| Cash | € 7,569 | € 6,042 | € 5,916 | € 6,786 | ▲ 15% |
| Retained profit | € -2,518,030 | € -2,519,557 | € -2,519,683 | € -2,519,813 | |
| Balance sheet total | € 17,869 | € 16,342 | € 16,216 | € 17,086 | ▲ 5% |
Key figures of MSG - International Europe, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MSG - International Europe?
What happened at MSG - International Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 130. Source: NBB ↗
- New establishment in Sint-Joost-ten-Node. KBO
- Start of the company according to the CBE. KBO
In short
From € 119 loss in 2022 to € 130 loss in 2025.
Management
Behind MSG - International Europe is Michel HEMBERG. Michel HEMBERG is also behind MEGABYTE CONSULTING, GESPAC, TM DIFFUSION, DECISION ENGINEERING and WalWeb Home & Garden.
Directors
According to the 2025 annual accounts
Michel HEMBERG
Director
Also active at: MEGABYTE CONSULTING, GESPAC, TM DIFFUSION, DECISION ENGINEERING, WalWeb Home & Garden, IT - SPIN OFF, LISAM SYSTEMS, DINEC INTERNATIONAL +2 more
Establishments
Establishment units
Physical locations of this company
Rue Jean Jaurès 5
7190 Ecaussinnes
Koningsstraat 163
1210 Sint-Joost-ten-Node
Active since 12 August 1982
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →MEGABYTE CONSULTING same network
€ 2.1 million revenue · 2025
METHODS AND SERVICES GROUP
€ 79,181 revenue · 2025
TM DIFFUSION same network
LISAM CONNECT
€ 1.9 million revenue · 2025
ROYAL PALETTE VERTE ECAUSSINNES
+11 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.000.172
- VAT number
- BE 0423.000.172
- Registered office
- Rue Jean Jaurès 5, 7190 Ecaussinnes
- Names & denominations
- MSG - International Europe · MSG - i Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 August 1982
- Peppol
- Active · Active since 6 Oct 2025
- Activities · NACE
Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten
Ondersteunende activiteiten in verband met verzekeringen en pensioenfondsen, neg