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 64 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 3.7 to 2.6.
Financials
Financial year 2025
M.S.F. Metalldesign from Gouvy, company number BE0479007774, closed financial year 2025 with a result of € 3,172 after tax. For that financial year M.S.F. Metalldesign recorded a gross margin of € 231,490 and equity of € 263,688. Compared with financial year 2024, the result moved from € -1,858 to € 3,172. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2026.
€ 263,688
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,172
▲ still € 1,858 loss in 2024
Profit after tax over the fiscal year.
€ 26,666
▲ € 21,814 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 137,559.
People and assets in 2025
2.6
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 120,423
▲ 34% vs 2024
€ 46,300 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.
€ 72,713
▲ 34% vs 2024
Of which on lease € 48,132.
Debts at end 2025
€ 581,945
€ 61,144 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 142,813
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 26,853
▲ 59% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 243,794 | € 235,412 | € 191,139 | € 231,490 | ▲ 21% |
| Profit after taxes | € 28,008 | € 37,115 | € -1,858 | € 3,172 | ▲ € 5,030 |
| Equity | € 237,355 | € 270,438 | € 264,548 | € 263,688 | |
| Total debts | € 843,915 | € 736,095 | € 767,236 | € 802,399 | ▲ 5% |
| Cash | € 11,937 | € 22,519 | € 4,853 | € 26,666 | ▲ € 21,814 |
| Land & buildings | € 595,467 | € 562,227 | € 543,180 | € 510,415 | ▼ 6% |
| Retained profit | € 101,483 | € 138,598 | € 134,387 | € 137,559 | ▲ 2% |
| Bank debt | € 675,086 | € 633,550 | € 580,685 | € 581,945 | |
| Balance sheet total | € 1,081,270 | € 1,006,533 | € 1,031,783 | € 1,066,086 | ▲ 3% |
| Employees (FTE) | 4.1 | 3.7 | 2.8 | 2.6 | ▼ 0.2 |
Key figures of M.S.F. Metalldesign, 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.F. Metalldesign?
What happened at M.S.F. Metalldesign in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,172. filed late Source: NBB ↗
- New establishment in Gouvy. KBO
- Start of the company according to the CBE. KBO
In short
From € 28,008 profit in 2022 to € 3,172 profit in 2025.
Paid € 1,699 in corporate taxes since 2022.
Best year ever: 2023, with € 37,115 profit.
On average € 89,000 of value added per employee in 2025.
A new publication or filing at M.S.F. Metalldesign? We notify you, reason included.
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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.F. Metalldesign are MIKE STELLMANN and GAUTHIER FERRO.
Directors
According to the 2025 annual accounts
MIKE STELLMANN
Director
GAUTHIER FERRO
Director
Establishments
Establishment units
Physical locations of this company
Courtil 1834
6671 Gouvy
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
msf-metall.com
Registered
2017-01-24
Registrar
EuroDNS S.A.
Expires
2027-01-24
Website info
Features
Security
Details
- Company number
- 0479.007.774
- VAT number
- BE 0479.007.774
- Registered office
- Courtil 1834, 6671 Gouvy
- Names & denominations
- M.S.F. Metalldesign
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 December 2002
- Peppol
- Active · Active since 12 Dec 2025
- Contact
- msf-metall.com [email protected]
- Activities · NACE
Vervaardiging van metalen constructiewerken en delen daarvan
Reparatie en onderhoud van machines
Algemene bouw van andere niet-residentiële gebouwen
Smeden van metaal