M.S.A. is an events organiser in Brugge. Public Limited, started on 19 June 1989, 1 establishment.

What is the address of M.S.A.?

The registered office of M.S.A. is located at Gemeneweideweg-Noord 9, 8310 Brugge.

Is M.S.A. still active?

Yes. According to the CBE (18 September 2026) M.S.A. is active, legal situation “Normale toestand”, started on 19 June 1989.

Is M.S.A. registered on Peppol?

Yes, M.S.A. is registered on the Peppol network with ID 0208:0437595902.

What is the enterprise number of M.S.A.?

The enterprise number of M.S.A. is BE0437595902.

When was M.S.A. founded?

M.S.A. was founded on 19 June 1989.

Who are the directors of M.S.A.?

According to the 2025 annual accounts, the directors of M.S.A. are: Alexander Tuteleers, Wannes Vandamme.

Is M.S.A. a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 19 June 1989; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did M.S.A. make in 2025?

M.S.A. recorded a loss after taxes of € 13,514 in financial year 2025.

What is the revenue of M.S.A.?

As a small company, M.S.A. is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 393,095.

How much does an employee at M.S.A. earn?

The average wage cost per full-time employee at M.S.A. was € 45,200 in 2025: staff costs of € 81,349 for 1.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does M.S.A. have?

According to the 2025 annual accounts, M.S.A. has 1.8 full-time equivalents (FTE).

M.S.A. (Public Limited) - Brugge - BE0437595902

Dossier M.S.A., printed on 18 September 2026 from databakkes.be/en/0437595902/m-s-a. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

M.S.A. from Brugge, company number BE0437595902, closed financial year 2025 with a result of € -13,514 after tax. For that financial year M.S.A. recorded a gross margin of € 393,095 and equity of € 179,973. Compared with financial year 2024, the result moved from € 123,585 to € -13,514. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.

What it is worth Healthy

€ 179,973

▼ 7% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -13,514

▼ still € 123,585 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 206,136

▼ 12% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 118,473.

People and assets in 2025

Full-time equivalents

1.8

▲ 1.5 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 81,349

▲ € 71,523 vs 2024

€ 45,200 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.

Vehicles and equipment

€ 64,764

▲ 12% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 55,140

▲ 260% vs 2024

€ 14,262 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 118,403

▼ 17% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 30,926

▲ 55% vs 2024

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 46,086 Gross margin 2022: € 46,086 First fiscal year in the series	€ 226,360 Gross margin 2023: € 226,360 ▲ € 180,274 vs 2022 (€ 46,086) Favourable step	€ 165,553 Gross margin 2024: € 165,553 ▼ 27% vs 2023 (€ 226,360) Unfavourable step	€ 393,095 Gross margin 2025: € 393,095 ▲ 137% vs 2024 (€ 165,553) Favourable step	▲ 137%
Profit after taxes	€ 52,189 Profit after taxes 2022: € 52,189 First fiscal year in the series	€ 74,326 Profit after taxes 2023: € 74,326 ▲ 42% vs 2022 (€ 52,189) Favourable step	€ 123,585 Profit after taxes 2024: € 123,585 ▲ 66% vs 2023 (€ 74,326) Favourable step	€ -13,514 Profit after taxes 2025: € -13,514 ▼ € 137,098 vs 2024 (€ 123,585) Unfavourable step	▼ € 137,098
Equity	€ 115,802 Equity 2022: € 115,802 First fiscal year in the series	€ 141,976 Equity 2023: € 141,976 ▲ 23% vs 2022 (€ 115,802) Favourable step	€ 193,487 Equity 2024: € 193,487 ▲ 36% vs 2023 (€ 141,976) Favourable step	€ 179,973 Equity 2025: € 179,973 ▼ 7% vs 2024 (€ 193,487) Unfavourable step	▼ 7%
Total debts	€ 424,803 Total debts 2022: € 424,803 First fiscal year in the series	€ 578,807 Total debts 2023: € 578,807 ▲ 36% vs 2022 (€ 424,803) Unfavourable step	€ 529,816 Total debts 2024: € 529,816 ▼ 8% vs 2023 (€ 578,807) Favourable step	€ 420,680 Total debts 2025: € 420,680 ▼ 21% vs 2024 (€ 529,816) Favourable step	▼ 21%
Cash	€ 89,591 Cash 2022: € 89,591 First fiscal year in the series	€ 161,354 Cash 2023: € 161,354 ▲ 80% vs 2022 (€ 89,591) Favourable step	€ 234,632 Cash 2024: € 234,632 ▲ 45% vs 2023 (€ 161,354) Favourable step	€ 206,136 Cash 2025: € 206,136 ▼ 12% vs 2024 (€ 234,632) Unfavourable step	▼ 12%
Retained profit	€ 54,302 Retained profit 2022: € 54,302 First fiscal year in the series	€ 80,476 Retained profit 2023: € 80,476 ▲ 48% vs 2022 (€ 54,302) Favourable step	€ 131,987 Retained profit 2024: € 131,987 ▲ 64% vs 2023 (€ 80,476) Favourable step	€ 118,473 Retained profit 2025: € 118,473 ▼ 10% vs 2024 (€ 131,987) Unfavourable step	▼ 10%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 48,152 Dividend 2023: € 48,152 Unchanged (€ 0) Unchanged	€ 72,074 Dividend 2024: € 72,074 ▲ 50% vs 2023 (€ 48,152) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 72,074) Unchanged	▼ 100%
Bank debt	€ 323,228 Bank debt 2022: € 323,228 First fiscal year in the series	€ 37,724 Bank debt 2023: € 37,724 ▼ 88% vs 2022 (€ 323,228) Favourable step	€ 15,298 Bank debt 2024: € 15,298 ▼ 59% vs 2023 (€ 37,724) Favourable step	€ 55,140 Bank debt 2025: € 55,140 ▲ 260% vs 2024 (€ 15,298) Unfavourable step	▲ 260%
Balance sheet total	€ 540,605 Balance sheet total 2022: € 540,605 First fiscal year in the series	€ 720,783 Balance sheet total 2023: € 720,783 ▲ 33% vs 2022 (€ 540,605) Unchanged	€ 723,303 Balance sheet total 2024: € 723,303 Unchanged (€ 720,783) Unchanged	€ 600,653 Balance sheet total 2025: € 600,653 ▼ 17% vs 2024 (€ 723,303) Unchanged	▼ 17%
Employees (FTE)	-	-	0.3 Employees (FTE) 2024: 0.3 First fiscal year in the series	1.8 Employees (FTE) 2025: 1.8 ▲ 1.5 vs 2024 (0.3) Unchanged	▲ 1.5

Key figures of M.S.A., 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 M.S.A.?

What happened at M.S.A. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 Alexander Tuteleers stepped down as director. NBB
2028 Wannes Vandamme stepped down as director. NBB
Jul 27, 2026 New annual accounts for financial year 2025: loss of € 13,514 (▼ € 137,098 vs 2024). Source: NBB ↗
2023 Wannes Vandamme became a director. NBB
2023 Alexander Tuteleers became a director. NBB
Jun 23, 1989 New establishment in Brugge. KBO
Jun 19, 1989 Start of the company according to the CBE. KBO

In short

From € 52,189 profit in 2022 to € 13,514 loss in 2025.

Paid € 132,383 in corporate taxes since 2022.

Best year ever: 2024, with € 123,585 profit.

On average € 218,400 of value added per employee in 2025.

Original PDFs at the National Bank ↗

A new publication or filing at M.S.A.? We notify you, reason included.

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My folder 3 companies

De Lijn 8 June 2026 New annual account 2025

filed on 8 June 2026

What was left

€ 20 k ▼ 91%
Money in the bank

€ 178 k ▼ 98%

Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit

Real filings at the National Bank

Management

Directors

According to the 2025 annual accounts

Alexander Tuteleers

Director

since 2023 · until 2028

Wannes Vandamme

Director

Also active at: AAssist

since 2023 · until 2028

Establishments

Establishment units

Physical locations of this company

Registered office

Gemeneweideweg-Noord 9

8310 Brugge

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0437.595.902

VAT number

BE 0437.595.902

Registered office

Gemeneweideweg-Noord 9, 8310 Brugge

Names & denominations

M.S.A.

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

19 June 1989

Peppol

Active · Active since 5 Dec 2025

Activities · NACE

Organisatie van congressen en beurzen

Activiteiten van reclamebureaus

Publiciteitsagentschappen

Organisatie van salons, tentoonstellingen en beurzen

View on CBE Public ↗ Annual accounts (NBB) ↗