Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MSI VASTGOED from Houthalen-Helchteren, company number BE0442689390, closed financial year 2025 with a result of € 10,332 after tax. For that financial year MSI VASTGOED recorded a gross margin of € 282,633 and equity of € 5.6 million. Compared with financial year 2024, the result moved from € 4,661 to € 10,332. Profitable, and profit is growing. 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 June 23, 2026.
€ 5.6 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,332
▲ 122% vs 2024
Profit after tax over the fiscal year.
€ 261,835
▲ € 223,936 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 € 713,324.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 84,572
▲ 4% vs 2024
€ 84,600 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.
€ 5,940
▲ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 275,001
▼ 3% vs 2024
€ 120,833 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 70,493
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,067
▼ 41% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 493,582 | € 205,439 | € 273,837 | € 282,633 | ▲ 3% |
| Profit after taxes | € 171,725 | € -55,950 | € 4,661 | € 10,332 | ▲ 122% |
| Equity | € 5,630,849 | € 5,574,899 | € 5,579,560 | € 5,553,070 | |
| Total debts | € 572,593 | € 469,030 | € 365,298 | € 2,096,020 | ▲ € 1.7 million |
| Cash | € 329,901 | € 180,241 | € 37,899 | € 261,835 | ▲ € 223,936 |
| Land & buildings | € 72,583 | € 72,500 | € 72,500 | € 72,500 | |
| Retained profit | € 1,375,598 | € 1,319,648 | € 1,324,310 | € 713,324 | ▼ 46% |
| Bank debt | € 510,000 | € 396,667 | € 283,334 | € 275,001 | ▼ 3% |
| Balance sheet total | € 6,279,201 | € 6,119,688 | € 6,020,617 | € 7,724,849 | ▲ 28% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of MSI VASTGOED, 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 MSI VASTGOED?
What happened at MSI VASTGOED in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 10,332 (▲ 122% vs 2024). Source: NBB ↗
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 171,725 profit in 2022 to € 10,332 profit in 2025.
Paid € 4,162 in corporate taxes since 2022.
Best year ever: 2022, with € 171,725 profit.
On average € 282,600 of value added per employee in 2025.
A new publication or filing at MSI VASTGOED? We notify you, reason included.
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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
Management
Behind MSI VASTGOED are Godersi VOF, Maconim VOF, Guy Gutschoven, Guido Brouwers, Jozef Meyers and Godelieve Pollet. Godersi VOF is also behind Gezondheidszorg Limburg, Wit-Gele Kruis van Limburg, LIMES, Woonzorgcentra Ocura and Groep Medisch-Sociale Initiatieven van Limburg. Maconim VOF is also behind Gezondheidszorg Limburg, Wit-Gele Kruis van Limburg, LIMES, Woonzorgcentra Ocura and OPTICO. Guido Brouwers is also behind LIMES.
Directors
According to the 2025 annual accounts
Chairman of the board · represented by Lisiane Cosemans
Also active at: Gezondheidszorg Limburg, Wit-Gele Kruis van Limburg, LIMES, Woonzorgcentra Ocura, Groep Medisch-Sociale Initiatieven van Limburg, OPTICO, KASTEEL ENGELHOF, BECURA WOONZORG
Managing director · represented by Patrick Siborgs
Also active at: Gezondheidszorg Limburg, Wit-Gele Kruis van Limburg, LIMES, Woonzorgcentra Ocura, OPTICO, KASTEEL ENGELHOF, BECURA WOONZORG
Guy Gutschoven
Director
Jozef Meyers
Vice-chairman of the board
Also active at: Gezondheidszorg Limburg, Participo Limburg, Groeiend Limburg zuid, Groeiend Limburg centrum, Groeiend Limburg noord, BEGEVEL Hasselt, Bouwfonds van CM Regio Limburg, LIMES +4 more
Godelieve Pollet
Director
Also active at: Gezondheidszorg Limburg, LIMES, Groep Medisch-Sociale Initiatieven van Limburg, Z33, KASTEEL ENGELHOF
Benjamin Vandervoort
Director
Also active at: Participo Limburg, Groeiend Limburg zuid, Groeiend Limburg centrum, Groeiend Limburg noord, BEGEVEL Hasselt, Bouwfonds van CM Regio Limburg, LIMES, Groep Medisch-Sociale Initiatieven van Limburg
Establishments
Establishment units
Physical locations of this company
Hengelhoefdreef 2
3530 Houthalen-Helchteren
Herkenrodesingel 101
3500 Hasselt
Active since 13 February 1991
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
- 0442.689.390
- VAT number
- BE 0442.689.390
- Registered office
- Hengelhoefdreef 2, 3530 Houthalen-Helchteren
- Names & denominations
- MSI VASTGOED
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 January 1991
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Activiteiten van syndici van onroerend goed
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering