What does MSB Immo do?

MSB Immo is a property company in Nandrin. Public Limited, started on 10 September 1993, 2 establishments.

What is the address of MSB Immo?

The registered office of MSB Immo is located at Rue d'Oxhon 2, 4550 Nandrin.

Is MSB Immo still active?

Yes. According to the CBE (30 October 2026) MSB Immo is active, legal situation “Normale toestand”, started on 10 September 1993.

Is MSB Immo registered on Peppol?

Yes, MSB Immo is registered on the Peppol network with ID 0208:0450887573.

What is the enterprise number of MSB Immo?

The enterprise number of MSB Immo is BE0450887573.

When was MSB Immo founded?

MSB Immo was founded on 10 September 1993.

Who are the directors of MSB Immo?

According to the 2025 annual accounts, the directors of MSB Immo are: Cédric BUSIN.

Is MSB Immo a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 10 September 1993; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 2 establishments in the CBE.

How much profit did MSB Immo make in 2025?

MSB Immo posted a profit after taxes of € 32,418 in financial year 2025.

What is the revenue of MSB Immo?

As a small company, MSB Immo is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 211,484.

MSB Immo (Public Limited) - Nandrin - BE0450887573

Dossier MSB Immo, printed on 30 October 2026 from databakkes.be/en/0450887573/msb-immo. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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

MSB Immo from Nandrin, company number BE0450887573, closed financial year 2025 with a result of € 32,418 after tax. For that financial year MSB Immo recorded a gross margin of € 211,484 and equity of € 123,573. Compared with financial year 2024, the result moved from € 25,869 to € 32,418. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.

What it is worth Growing

€ 123,573

▲ 36% vs 2024

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

Profit Growing

€ 32,418

▲ 25% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 7,722

▼ 66% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 61,573.

People and assets in 2025

Vehicles and equipment

€ 1,285

▼ 24% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 7 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.

€ 1 million

▲ 1% vs 2024

€ 133,580 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 29,750

▼ 6% vs 2024

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

Taxes

€ 12,911

▲ 242% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 74,379 Gross margin 2022: € 74,379 First fiscal year in the series	€ 132,486 Gross margin 2023: € 132,486 ▲ 78% vs 2022 (€ 74,379) Favourable step	€ 164,408 Gross margin 2024: € 164,408 ▲ 24% vs 2023 (€ 132,486) Favourable step	€ 211,484 Gross margin 2025: € 211,484 ▲ 29% vs 2024 (€ 164,408) Favourable step	▲ 29%
Profit after taxes	€ -18,794 Profit after taxes 2022: € -18,794 First fiscal year in the series	€ 14,178 Profit after taxes 2023: € 14,178 ▲ € 32,973 vs 2022 (€ -18,794) Favourable step	€ 25,869 Profit after taxes 2024: € 25,869 ▲ 82% vs 2023 (€ 14,178) Favourable step	€ 32,418 Profit after taxes 2025: € 32,418 ▲ 25% vs 2024 (€ 25,869) Favourable step	▲ 25%
Equity	€ 51,108 Equity 2022: € 51,108 First fiscal year in the series	€ 65,286 Equity 2023: € 65,286 ▲ 28% vs 2022 (€ 51,108) Favourable step	€ 91,155 Equity 2024: € 91,155 ▲ 40% vs 2023 (€ 65,286) Favourable step	€ 123,573 Equity 2025: € 123,573 ▲ 36% vs 2024 (€ 91,155) Favourable step	▲ 36%
Total debts	€ 1,044,869 Total debts 2022: € 1,044,869 First fiscal year in the series	€ 1,086,702 Total debts 2023: € 1,086,702 ▲ 4% vs 2022 (€ 1,044,869) Unfavourable step	€ 1,071,815 Total debts 2024: € 1,071,815 ▼ 1% vs 2023 (€ 1,086,702) Favourable step	€ 1,068,013 Total debts 2025: € 1,068,013 Unchanged (€ 1,071,815) Favourable step
Cash	€ 8,283 Cash 2022: € 8,283 First fiscal year in the series	€ 13,708 Cash 2023: € 13,708 ▲ 66% vs 2022 (€ 8,283) Favourable step	€ 22,811 Cash 2024: € 22,811 ▲ 66% vs 2023 (€ 13,708) Favourable step	€ 7,722 Cash 2025: € 7,722 ▼ 66% vs 2024 (€ 22,811) Unfavourable step	▼ 66%
Land & buildings	€ 508,605 Land & buildings 2022: € 508,605 First fiscal year in the series	€ 505,565 Land & buildings 2023: € 505,565 ▼ 1% vs 2022 (€ 508,605) Unchanged	€ 501,412 Land & buildings 2024: € 501,412 ▼ 1% vs 2023 (€ 505,565) Unchanged	€ 506,213 Land & buildings 2025: € 506,213 ▲ 1% vs 2024 (€ 501,412) Unchanged	▲ 1%
Retained profit	€ -10,892 Retained profit 2022: € -10,892 First fiscal year in the series	€ 3,286 Retained profit 2023: € 3,286 ▲ € 14,178 vs 2022 (€ -10,892) Favourable step	€ 29,155 Retained profit 2024: € 29,155 ▲ € 25,869 vs 2023 (€ 3,286) Favourable step	€ 61,573 Retained profit 2025: € 61,573 ▲ 111% vs 2024 (€ 29,155) Favourable step	▲ 111%
Bank debt	€ 987,961 Bank debt 2022: € 987,961 First fiscal year in the series	€ 991,706 Bank debt 2023: € 991,706 Unchanged (€ 987,961) Unfavourable step	€ 999,835 Bank debt 2024: € 999,835 ▲ 1% vs 2023 (€ 991,706) Unfavourable step	€ 1,014,525 Bank debt 2025: € 1,014,525 ▲ 1% vs 2024 (€ 999,835) Unfavourable step	▲ 1%
Balance sheet total	€ 1,095,976 Balance sheet total 2022: € 1,095,976 First fiscal year in the series	€ 1,151,988 Balance sheet total 2023: € 1,151,988 ▲ 5% vs 2022 (€ 1,095,976) Unchanged	€ 1,162,970 Balance sheet total 2024: € 1,162,970 ▲ 1% vs 2023 (€ 1,151,988) Unchanged	€ 1,191,586 Balance sheet total 2025: € 1,191,586 ▲ 2% vs 2024 (€ 1,162,970) Unchanged	▲ 2%

Key figures of MSB Immo, 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 January 2027.

What happened to MSB Immo?

What happened at MSB Immo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Cédric BUSIN stepped down as director. NBB
Jan 29, 2026 New annual accounts for financial year 2025: profit of € 32,418 (▲ 25% vs 2024). Source: NBB ↗
Mar 1, 2019 New establishment in Nandrin. KBO
Jan 26, 1994 New establishment in Nandrin. KBO
Sep 10, 1993 Start of the company according to the CBE. KBO

In short

From € 18,794 loss in 2022 to € 32,418 profit in 2025.

Paid € 12,150 in corporate taxes since 2022.

Best year ever: 2025, with € 32,418 profit.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

Cédric BUSIN

Director

Also active at: MSB

· until 2029

Establishments

Establishment units

Physical locations of this company

Registered office

Rue d'Oxhon 2

4550 Nandrin

2.289.311.747

Route du Condroz 9

4550 Nandrin

Active since 1 March 2019

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

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GROUPE MSB

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

Details

Company number

0450.887.573

VAT number

BE 0450.887.573

Registered office

Rue d'Oxhon 2, 4550 Nandrin

Names & denominations

MSB Immo

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

10 September 1993

Peppol

Active · Active since 24 Nov 2025

Activities · NACE

Verhuur en exploitatie van terreinen

Onderhoud en reparatie van auto's

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Activiteiten van fotografen, met uitzondering van persfotografen

Wassen en poetsen van motorvoertuigen

Activiteiten van holdings

Handel in eigen onroerend goed

View on CBE Public ↗ Annual accounts (NBB) ↗