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
51 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
M.S.C.A.C. from Hulshout, company number BE0449031905, closed financial year 2025 with a result of € -88,467 after tax. For that financial year M.S.C.A.C. recorded a gross margin of € 151,554 and equity of € 527,921. Compared with financial year 2024, the result moved from € -114,375 to € -88,467. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 527,921
▲ € 861,533 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -88,467
▲ 23 % less loss than in 2024
Profit after tax over the fiscal year.
€ 15,793
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.3 million.
People and assets in 2025
1.3
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 70,943
▲ 24% vs 2024
€ 54,600 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.
€ 66,214
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 897,484
▲ 279% vs 2024
€ 41,022 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 86,290
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,450
▲ 43% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 71,020 | € 95,588 | € 76,548 | € 151,554 | ▲ 98% |
| Profit after taxes | € -93,261 | € -105,800 | € -114,375 | € -88,467 | ▲ € 25,908 |
| Equity | € -113,437 | € -219,236 | € -333,611 | € 527,921 | ▲ € 861,533 |
| Total debts | € 1,244,047 | € 1,216,702 | € 1,220,839 | € 996,931 | ▼ 18% |
| Cash | € 44,375 | € 16,675 | € 17,801 | € 15,793 | ▼ 11% |
| Land & buildings | € 751,640 | € 689,583 | € 627,526 | € 565,469 | ▼ 10% |
| Retained profit | € -953,437 | € -1,059,236 | € -1,173,611 | € -1,262,079 | ▼ € 88,467 |
| Bank debt | € 456,421 | € 347,420 | € 236,700 | € 897,484 | ▲ 279% |
| Balance sheet total | € 1,130,610 | € 997,466 | € 887,228 | € 1,524,853 | ▲ 72% |
| Employees (FTE) | 1 | 1 | 1.1 | 1.3 | ▲ 0.2 |
Key figures of M.S.C.A.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 M.S.C.A.C.?
What happened at M.S.C.A.C. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 88,467. Source: NBB ↗
- New establishment in Herselt. KBO
- New establishment in Herselt. KBO
- New establishment in Herselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 93,261 loss in 2022 to € 88,467 loss in 2025.
On average € 116,600 of value added per employee in 2025.
Management
The stake of VLINVESTA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
M.S.C.A.C.Behind M.S.C.A.C. are VLINVESTA BV and Christiane Heylen. The shares are held by VLINVESTA (100%).
Directors
According to the 2025 annual accounts
Director · represented by Johan Van Loo
Also active at: Recim2, VAN LOO PROJECTS, RUMSTSE METAALHANDEL, HIMACO, RUPELPARK, Delen's Bowling, Erwin Verbraeken, CADI +24 more
Christiane Heylen
Director
Also active at: Recim2, VAN LOO PROJECTS, RUMSTSE METAALHANDEL, HIMACO, RUPELPARK, Delen's Bowling, Erwin Verbraeken, GROEP WOUTERS +24 more
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Corbeillestraat 40
2235 Hulshout
Heide 71
2230 Herselt
Active since 14 January 1993
Oude Steenovenweg(RAM) 35
2230 Herselt
Active since 1 March 2022
Stationsstraat(RAM) 80
2230 Herselt
Active since 2 November 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 51 companies are registered at this address.
All companies at this address →Recim2 same network
€ 1.3 million gross margin · 2025
VAN LOO PROJECTS same network
€ 44.7 million revenue · 2025
METALEN VAN DER AUWERA
€ 135,482 gross margin · 2025
RUMSTSE METAALHANDEL same network
€ 768,908 gross margin · 2025
SRP Trans
€ 1.3 million gross margin · 2025
+46 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
- 0449.031.905
- VAT number
- BE 0449.031.905
- Registered office
- Corbeillestraat 40, 2235 Hulshout
- Names & denominations
- M.S.C.A.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 1992
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Gastenkamers
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Detailhandel in bloemen, planten, zaden en kunstmeststoffen