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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
M.S.D. from Charleroi, company number BE0463822326, closed financial year 2025 with a result of € 51,425 after tax. For that financial year M.S.D. recorded revenue of € 375,025 and equity of € 93,609. Compared with financial year 2024, the result moved from € -9,992 to € 51,425. 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 24, 2026.
€ 93,609
▼ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 51,425
▲ still € 9,992 loss in 2024
Profit after tax over the fiscal year.
€ 89,662
▲ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 77,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 41,304
▲ 224% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 41,303
▲ 114% vs 2024
€ 12,706 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 3,304
▼ 44% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 36,983
▲ 174% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 321,683 | € 327,871 | € 353,531 | € 375,025 | ▲ 6% |
| Gross margin | € 47,299 | € 45,520 | € 25,769 | € 109,061 | ▲ € 83,292 |
| Profit after taxes | € 6,186 | € 1,817 | € -9,992 | € 51,425 | ▲ € 61,418 |
| Equity | € 163,073 | € 164,891 | € 119,184 | € 93,609 | ▼ 21% |
| Total debts | € 53,542 | € 41,080 | € 65,003 | € 132,531 | ▲ 104% |
| Cash | € 45,055 | € 55,030 | € 55,135 | € 89,662 | ▲ 63% |
| Retained profit | € 156,876 | € 158,694 | € 112,987 | € 87,412 | ▼ 23% |
| Dividend | € 0 | € 0 | € 35,714 | € 77,000 | ▲ 116% |
| Bank debt | € 43,613 | € 30,127 | € 19,264 | € 41,303 | ▲ 114% |
| Balance sheet total | € 216,616 | € 205,971 | € 184,187 | € 226,140 | ▲ 23% |
Key figures of M.S.D., 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.D.?
What happened at M.S.D. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 51,425. Source: NBB ↗
- Laurence Sebastiano became a director. NBB
- Mathieu Sebastiano became a director. NBB
- Maurizio Sebastiano became a director. NBB
- New establishment in Charleroi. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,186 profit in 2022 to € 51,425 profit in 2025.
Paid € 46,001 in corporate taxes since 2022.
Best year ever: 2025, with € 51,425 profit.
Paid out € 112,714 in dividends to the owners in total.
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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 M.S.D. are Laurence Sebastiano, Mathieu Sebastiano and Maurizio Sebastiano.
Directors
According to the 2025 annual accounts
Laurence Sebastiano
Director
since 2023
Mathieu Sebastiano
Director
since 2023
Maurizio Sebastiano
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Rue Arthur Dandoy 35
6020 Charleroi
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0463.822.326
- VAT number
- BE 0463.822.326
- Registered office
- Rue Arthur Dandoy 35, 6020 Charleroi
- Names & denominations
- M.S.D.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 1998
- Peppol
- Not registered