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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Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MS MOTOR from Marche-en-Famenne, company number BE0423896136, closed financial year 2025 with a result of € 852,149 after tax. For that financial year MS MOTOR recorded revenue of € 56.5 million and equity of € 4.5 million. Compared with financial year 2024, the result moved from € 764,706 to € 852,149. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 9, 2026.
€ 4.5 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 852,149
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 705,139
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 751,194 paid out
88 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
49.5
▼ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▲ 2% vs 2024
€ 63,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 195,596
▼ 19% vs 2024
Of which on lease € 59,002.
Debts at end 2025
€ 6.9 million
▼ 5% vs 2024
€ 1 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 10.7 million
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 77 days on average.
€ 496,835
▲ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 62,428,229 | € 74,659,233 | € 65,927,093 | € 56,501,966 | ▼ 14% |
| Profit after taxes | € 292,406 | € 762,063 | € 764,706 | € 852,149 | ▲ 11% |
| Equity | € 4,034,821 | € 4,446,884 | € 4,441,481 | € 4,542,437 | ▲ 2% |
| Total debts | € 19,260,264 | € 27,734,352 | € 20,521,058 | € 18,995,261 | ▼ 7% |
| Cash | € 2,300,522 | € 1,378,696 | € 1,356,093 | € 705,139 | ▼ 48% |
| Land & buildings | € 9,123,218 | € 9,294,323 | € 8,848,266 | € 8,533,870 | ▼ 4% |
| Retained profit | € 2,222,384 | € 2,719,582 | € 2,799,316 | € 2,985,407 | ▲ 7% |
| Dividend | € 0 | € 350,000 | € 770,108 | € 751,194 | ▼ 2% |
| Bank debt | € 7,581,127 | € 7,775,918 | € 7,236,485 | € 6,855,517 | ▼ 5% |
| Balance sheet total | € 23,295,085 | € 32,181,236 | € 24,962,539 | € 23,537,698 | ▼ 6% |
| Employees (FTE) | 60.4 | 53.6 | 51.7 | 49.5 | ▼ 2.2 |
Key figures of MS MOTOR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to MS MOTOR?
What happened at MS MOTOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 852,149 (▲ 11% vs 2024). Source: NBB ↗
- New establishment in Libramont-Chevigny. KBO
- New establishment in Marche-en-Famenne. KBO
- New establishment in Namur. KBO
- THE Z COMPANY SA became a director. NBB
- New establishment in Arlon. KBO
- New establishment in Bastogne. KBO
- New establishment in Marche-en-Famenne. KBO
In short
From € 292,406 profit in 2022 to € 852,149 profit in 2025.
Paid € 1.2 million in corporate taxes since 2022.
Best year ever: 2025, with € 852,149 profit.
Paid out € 1.9 million in dividends to the owners in total.
Management
Behind MS MOTOR is THE Z COMPANY SA. The shares are held by Karim EL DANA (84.6%) and The Z Company SA (15.4%).
Directors
According to the 2025 annual accounts
Director · represented by Karim EL DANA
since 2019
Shareholders
Karim EL DANA
84.6%
15.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Marche,Rue des Deux Provinces 8
6900 Marche-en-Famenne
Lienne 11
5590 Ciney
Active since 3 October 1997
Rue de la Drève 28
6600 Bastogne
Active since 19 June 2014
Bonnert, route de Bastogne 469
6700 Arlon
Active since 1 October 2018
Chaussée de Marche(EP) 601
5101 Namur
Active since 19 November 2019
Marche,Rue des Deux Provinces 8 box A
6900 Marche-en-Famenne
Active since 25 September 2020
Recogne,Rue de Libin 32
6800 Libramont-Chevigny
Active since 1 December 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.896.136
- VAT number
- BE 0423.896.136
- Registered office
- Marche,Rue des Deux Provinces 8, 6900 Marche-en-Famenne
- Names & denominations
- MS MOTOR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 March 1983
- Peppol
- Active · Active since 31 Dec 2025
- Contact
- [email protected]
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)