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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MSE & C° from Watermaal-Bosvoorde, company number BE0428503141, closed financial year 2025 with a result of € 7,861 after tax. For that financial year MSE & C° recorded a gross margin of € 28,238 and equity of € -2,801. Compared with financial year 2024, the result moved from € 8,725 to € 7,861. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 3, 2026.
€ -2,801
▲ € 7,861 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,861
▼ 10% vs 2024
Profit after tax over the fiscal year.
€ 19,619
▲ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -77,159.
People and assets in 2025
€ 12,161
▼ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,221
▲ 244% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,922
▼ 27% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 13,234 | € 21,087 | € 29,105 | € 28,238 | ▼ 3% |
| Profit after taxes | € 6,029 | € 11,174 | € 8,725 | € 7,861 | ▼ 10% |
| Equity | € -30,562 | € -19,388 | € -10,662 | € -2,801 | ▲ € 7,861 |
| Total debts | € 46,849 | € 40,151 | € 64,834 | € 45,110 | ▼ 30% |
| Cash | € 6,079 | € 3,382 | € 10,556 | € 19,619 | ▲ 86% |
| Retained profit | € -104,920 | € -93,746 | € -85,020 | € -77,159 | ▲ € 7,861 |
| Balance sheet total | € 16,288 | € 20,763 | € 54,172 | € 42,309 | ▼ 22% |
Key figures of MSE & C°, 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 MSE & C°?
What happened at MSE & C° in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 7,861 (▼ 10% vs 2024). Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Watermaal-Bosvoorde. KBO
In short
From € 6,029 profit in 2022 to € 7,861 profit in 2025.
Paid € 19,036 in corporate taxes since 2022.
Best year ever: 2023, with € 11,174 profit.
Establishments
Establishment units
Physical locations of this company
Eggestraat 34
1170 Watermaal-Bosvoorde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.503.141
- VAT number
- BE 0428.503.141
- Registered office
- Eggestraat 34, 1170 Watermaal-Bosvoorde
- Names & denominations
- MSE & C°
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 June 1986
- Peppol
- Active · Active since 15 Mar 2025
- Activities · NACE
Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur
Reparatie en onderhoud van consumentenelektronica
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
Reparatie van elektrische huishoudapparaten
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)