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 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
MS holding from Temse, company number BE0458556315, closed financial year 2025 with a result of € -318,685 after tax. For that financial year MS holding recorded a gross margin of € 85,555 and equity of € -166,982. Compared with financial year 2024, the result moved from € -28,851 to € -318,685. The company made a loss. 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 4, 2026.
€ -166,982
▼ € 318,685 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -318,685
▼ 1005 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -241,350.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 567
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -3,201 | € -3,449 | € -18,231 | € 85,555 | ▲ € 103,785 |
| Profit after taxes | € -3,796 | € -4,134 | € -28,851 | € -318,685 | ▼ € 289,835 |
| Equity | € 184,689 | € 180,555 | € 151,704 | € -166,982 | ▼ € 318,685 |
| Total debts | € 261,220 | € 267,398 | € 251,731 | € 166,988 | ▼ 34% |
| Cash | € 73 | € 16 | € 19 | € 6 | ▼ 65% |
| Retained profit | € 110,321 | € 106,187 | € 77,336 | € -241,350 | ▼ € 318,685 |
| Balance sheet total | € 445,909 | € 447,953 | € 403,435 | € 6 | ▼ € 403,428 |
Key figures of MS holding, 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 MS holding?
What happened at MS holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 318,685. Source: NBB ↗
- Marleen Bauwens stepped down as director. NBB
- Michael Cloostermans-Huwaert stepped down as director. NBB
- Marleen Bauwens became a director. NBB
- Michael Cloostermans-Huwaert became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,796 loss in 2022 to € 318,685 loss in 2025.
Management
Directors
According to the 2025 annual accounts
Marleen Bauwens
Director
since 2020 · until 2026
Michael Cloostermans-Huwaert
Managing director
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Haverheidelaan 2c
9140 Temse
Tabakvest 11 box 1
2000 Antwerpen
Active since 7 September 2001
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0458.556.315
- VAT number
- BE 0458.556.315
- Registered office
- Haverheidelaan 2c, 9140 Temse
- Names & denominations
- MS holding
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 June 1996
- Peppol
- Not registered
- Activities · NACE
Handel in eigen onroerend goed
Handel in onroerend goed
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