Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MSBG from Namur, company number BE0535539968, closed financial year 2025 with a result of € 3,028 after tax. For that financial year MSBG recorded a gross margin of € 306,050 and equity of € -56,820. Compared with financial year 2024, the result moved from € 7,076 to € 3,028. The company is profitable. 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 December 19, 2025.
€ -56,820
▲ € 3,028 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,028
▼ 57% vs 2024
Profit after tax over the fiscal year.
€ 3,646
▼ 89% 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 € -97,540.
People and assets in 2025
€ 271,348
▼ 2% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,376
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 35,113
▲ € 29,693 vs 2024
€ 13,791 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 77,997
▲ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 56,626
▼ 32% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 272,187 | € 269,823 | € 301,477 | € 306,050 | ▲ 2% |
| Profit after taxes | € 63,621 | € -51,322 | € 7,076 | € 3,028 | ▼ 57% |
| Equity | € -15,602 | € -66,925 | € -59,848 | € -56,820 | ▲ € 3,028 |
| Total debts | € 96,437 | € 116,356 | € 155,674 | € 195,483 | ▲ 26% |
| Cash | € 31,925 | € 3,863 | € 32,944 | € 3,646 | ▼ 89% |
| Retained profit | € -55,602 | € -106,925 | € -100,568 | € -97,540 | ▲ € 3,028 |
| Bank debt | € 30,416 | € 29,334 | € 5,420 | € 35,113 | ▲ € 29,693 |
| Balance sheet total | € 80,835 | € 49,431 | € 95,826 | € 138,663 | ▲ 45% |
Key figures of MSBG, 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 October 2026.
What happened to MSBG?
What happened at MSBG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,028 (▼ 57% vs 2024). filed late Source: NBB ↗
- Gaëtano Bellomo became a director. NBB
- Julien Delcampe became a director. NBB
- New establishment in Namur. KBO
- Start of the company according to the CBE. KBO
In short
From € 63,621 profit in 2022 to € 3,028 profit in 2025.
Paid € 10,457 in corporate taxes since 2022.
Best year ever: 2022, with € 63,621 profit.
A new publication or filing at MSBG? 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 MSBG are Gaëtano Bellomo and Julien Delcampe.
Directors
According to the 2025 annual accounts
Gaëtano Bellomo
Director
since 2023
Julien Delcampe
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Rue des Brasseurs 107 box A
5000 Namur
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
Google Workspace
Hosting
AS-HOSTINGER, CY
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0535.539.968
- VAT number
- BE 0535.539.968
- Registered office
- Rue des Brasseurs 107 bus A, 5000 Namur
- Names & denominations
- MSBG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 June 2013
- Peppol
- Active · Active since 18 Nov 2025
- Contact
- 1passetemps.be [email protected]
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Catering van evenementen
Cafés en bars