Financials
Financial year 2024
MS ELECTRIC from Chiny, company number BE0463720574, closed financial year 2024 with a result of € 4,526 after tax. For that financial year MS ELECTRIC recorded revenue of € 206,537 and equity of € 76,287. Compared with financial year 2023, the result moved from € 13,624 to € 4,526. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 5, 2025.
€ 76,287
▲ 6% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,526
▼ 67% vs 2023
Profit after tax over the fiscal year.
€ 5,057
▲ 51% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 57,687.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 46,740
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 41,719
€ 7,223 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 12,642
▲ 48% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 3,430
▲ 1% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 252,921 | € 206,537 | ▼ 18% |
| Gross margin | € 36,097 | € 18,827 | € 22,298 | € 16,746 | ▼ 25% |
| Profit after taxes | € -4,648 | € -18,468 | € 13,624 | € 4,526 | ▼ 67% |
| Equity | € 76,605 | € 58,137 | € 71,761 | € 76,287 | ▲ 6% |
| Total debts | € 46,435 | € 37,498 | € 17,746 | € 64,211 | ▲ 262% |
| Cash | € 2,267 | € 2,039 | € 3,341 | € 5,057 | ▲ 51% |
| Land & buildings | € 21,158 | € 18,922 | € 16,685 | € 14,449 | ▼ 13% |
| Retained profit | € 58,005 | € 39,537 | € 53,161 | € 57,687 | ▲ 9% |
| Bank debt | € 1,755 | € 11,603 | € 0 | € 41,719 | |
| Balance sheet total | € 123,040 | € 95,635 | € 89,507 | € 140,498 | ▲ 57% |
Key figures of MS ELECTRIC, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MS ELECTRIC?
What happened at MS ELECTRIC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 4,526 (▼ 67% vs 2023). Source: NBB ↗
- Sébastien MATHELIN became a director. NBB
- New establishment in Chiny. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,648 loss in 2021 to € 4,526 profit in 2024.
Paid € 1,093 in corporate taxes since 2021.
Best year ever: 2023, with € 13,624 profit.
Management
Behind MS ELECTRIC is Sébastien MATHELIN.
Directors
According to the 2024 annual accounts
Sébastien MATHELIN
Director
since 2009
Establishments
Establishment units
Physical locations of this company
Rue de la Gare,Izel 83
6810 Chiny
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0463.720.574
- VAT number
- BE 0463.720.574
- Registered office
- Rue de la Gare,Izel 83, 6810 Chiny
- Names & denominations
- MS ELECTRIC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 1998
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Algemene elektrotechnische installatiewerken