What does MS.GROUP do?

MS.GROUP is an electrical contractor in Asse. Private Limited, started on 10 April 2014, 1 establishment.

What is the address of MS.GROUP?

The registered office of MS.GROUP is located at Z. 5 Mollem 49 box A, 1730 Asse.

Is MS.GROUP still active?

Yes. According to the CBE (15 November 2026) MS.GROUP is active, legal situation “Normale toestand”, started on 10 April 2014.

Is MS.GROUP registered on Peppol?

Yes, MS.GROUP is registered on the Peppol network with ID 0208:0550533594.

What is the enterprise number of MS.GROUP?

The enterprise number of MS.GROUP is BE0550533594.

When was MS.GROUP founded?

MS.GROUP was founded on 10 April 2014.

Who are the directors of MS.GROUP?

According to the 2025 annual accounts, the directors of MS.GROUP are: Halil Demirbas.

Is MS.GROUP a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 10 April 2014; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did MS.GROUP make in 2025?

MS.GROUP posted a profit after taxes of € 105,922 in financial year 2025.

What is the revenue of MS.GROUP?

As a small company, MS.GROUP is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,226,389.

How much does an employee at MS.GROUP earn?

The average wage cost per full-time employee at MS.GROUP was € 48,600 in 2025: staff costs of € 909,162 for 18.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MS.GROUP have?

According to the 2025 annual accounts, MS.GROUP has 18.7 full-time equivalents (FTE).

MS.GROUP (Private Limited) - Asse - BE0550533594

Dossier MS.GROUP, printed on 15 November 2026 from databakkes.be/en/0550533594/ms-group. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 28.5 to 18.7.

Financials

Financial year 2025

MS.GROUP from Asse, company number BE0550533594, closed financial year 2025 with a result of € 105,922 after tax. For that financial year MS.GROUP recorded a gross margin of € 1.2 million and equity of € 241,954. Compared with financial year 2024, the result moved from € 14,821 to € 105,922. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 19, 2026.

What it is worth Growing

€ 241,954

▲ 78% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 105,922

▲ € 91,101 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 140,091

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 223,354.

People and assets in 2025

Full-time equivalents

18.7

▼ 2.7 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 909,162

▲ 21% vs 2024

€ 48,600 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.

Vehicles and equipment

€ 24,071

▼ 23% vs 2024

Of which on lease € 10,482.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 318,915

▲ 31% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 168,301

▲ 31% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 444,921 Gross margin 2022: € 444,921 First fiscal year in the series	€ 1,552,291 Gross margin 2023: € 1,552,291 ▲ 249% vs 2022 (€ 444,921) Favourable step	€ 943,939 Gross margin 2024: € 943,939 ▼ 39% vs 2023 (€ 1,552,291) Unfavourable step	€ 1,226,389 Gross margin 2025: € 1,226,389 ▲ 30% vs 2024 (€ 943,939) Favourable step	▲ 30%
Profit after taxes	€ -132,071 Profit after taxes 2022: € -132,071 First fiscal year in the series	€ 168,265 Profit after taxes 2023: € 168,265 ▲ € 300,336 vs 2022 (€ -132,071) Favourable step	€ 14,821 Profit after taxes 2024: € 14,821 ▼ 91% vs 2023 (€ 168,265) Unfavourable step	€ 105,922 Profit after taxes 2025: € 105,922 ▲ € 91,101 vs 2024 (€ 14,821) Favourable step	▲ € 91,101
Equity	€ -47,054 Equity 2022: € -47,054 First fiscal year in the series	€ 121,211 Equity 2023: € 121,211 ▲ € 168,265 vs 2022 (€ -47,054) Favourable step	€ 136,032 Equity 2024: € 136,032 ▲ 12% vs 2023 (€ 121,211) Favourable step	€ 241,954 Equity 2025: € 241,954 ▲ 78% vs 2024 (€ 136,032) Favourable step	▲ 78%
Total debts	€ 954,139 Total debts 2022: € 954,139 First fiscal year in the series	€ 864,851 Total debts 2023: € 864,851 ▼ 9% vs 2022 (€ 954,139) Favourable step	€ 440,893 Total debts 2024: € 440,893 ▼ 49% vs 2023 (€ 864,851) Favourable step	€ 586,815 Total debts 2025: € 586,815 ▲ 33% vs 2024 (€ 440,893) Unfavourable step	▲ 33%
Cash	€ 89,704 Cash 2022: € 89,704 First fiscal year in the series	€ 91,058 Cash 2023: € 91,058 ▲ 2% vs 2022 (€ 89,704) Favourable step	-	€ 140,091 Cash 2025: € 140,091 First fiscal year in the series
Land & buildings	€ 39,970 Land & buildings 2022: € 39,970 First fiscal year in the series	€ 56,727 Land & buildings 2023: € 56,727 ▲ 42% vs 2022 (€ 39,970) Unchanged	€ 56,727 Land & buildings 2024: € 56,727 Unchanged (€ 56,727) Unchanged	-
Retained profit	€ -65,654 Retained profit 2022: € -65,654 First fiscal year in the series	€ 102,611 Retained profit 2023: € 102,611 ▲ € 168,265 vs 2022 (€ -65,654) Favourable step	€ 117,432 Retained profit 2024: € 117,432 ▲ 14% vs 2023 (€ 102,611) Favourable step	€ 223,354 Retained profit 2025: € 223,354 ▲ 90% vs 2024 (€ 117,432) Favourable step	▲ 90%
Bank debt	€ 119,000 Bank debt 2022: € 119,000 First fiscal year in the series	€ 227,932 Bank debt 2023: € 227,932 ▲ 92% vs 2022 (€ 119,000) Unfavourable step	€ 26,106 Bank debt 2024: € 26,106 ▼ 89% vs 2023 (€ 227,932) Favourable step	€ 0 Bank debt 2025: € 0 ▼ 100% vs 2024 (€ 26,106) Favourable step	▼ 100%
Balance sheet total	€ 907,085 Balance sheet total 2022: € 907,085 First fiscal year in the series	€ 986,062 Balance sheet total 2023: € 986,062 ▲ 9% vs 2022 (€ 907,085) Unchanged	€ 576,925 Balance sheet total 2024: € 576,925 ▼ 41% vs 2023 (€ 986,062) Unchanged	€ 828,769 Balance sheet total 2025: € 828,769 ▲ 44% vs 2024 (€ 576,925) Unchanged	▲ 44%
Employees (FTE)	14.5 Employees (FTE) 2022: 14.5 First fiscal year in the series	28.5 Employees (FTE) 2023: 28.5 ▲ 14 vs 2022 (14.5) Unchanged	21.4 Employees (FTE) 2024: 21.4 ▼ 7.1 vs 2023 (28.5) Unchanged	18.7 Employees (FTE) 2025: 18.7 ▼ 2.7 vs 2024 (21.4) Unchanged	▼ 2.7

By gross margin, MS.GROUP ranks 3rd of 30 companies with main activity “Algemene elektrotechnische installatiewerken” in Asse that publish figures (fiscal year 2025).

Key figures of MS.GROUP, 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.

Ask about MS.GROUP the way you would ask their accountant.

Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.

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What happened to MS.GROUP?

What happened at MS.GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

May 19, 2026 New annual accounts for financial year 2025: profit of € 105,922 (▲ € 91,101 vs 2024). Source: NBB ↗
2025 Halil Demirbas became a director. NBB
Apr 10, 2014 New establishment in Asse. KBO
Apr 10, 2014 Start of the company according to the CBE. KBO

In short

From € 132,071 loss in 2022 to € 105,922 profit in 2025.

Paid € 116,618 in corporate taxes since 2022.

Best year ever: 2023, with € 168,265 profit.

On average € 65,600 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Halil Demirbas

MS.GROUP

Behind MS.GROUP is Halil Demirbas.

Directors

According to the 2025 annual accounts

Halil Demirbas

Director

since 2025

Establishments

Establishment units

Physical locations of this company

Registered office

Z. 5 Mollem 49 box A

1730 Asse

2.229.543.416

Z. 3 Doornveld 112

1731 Asse

Active since 10 April 2014

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 →

VERENIGING VAN MEDE-EIGENAARS VAN MOLLEM BUSINESS PARK, TE ASSE, Z.5 49 BUS 1A

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

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Details

Company number

0550.533.594

VAT number

BE 0550.533.594

Registered office

Z. 5 Mollem 49 bus A, 1730 Asse

Names & denominations

MS.GROUP

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

10 April 2014

Peppol

Active · Active since 15 Jul 2025

Activities · NACE

Algemene elektrotechnische installatiewerken

Reparatie en onderhoud van elektrische apparatuur

View on CBE Public ↗ Annual accounts (NBB) ↗

MS.GROUP

Warning lights

Financials

Ask about MS.GROUP the way you would ask their accountant.

What happened to MS.GROUP?

Management

Directors

Establishments

Establishment units

Who else lives here?

Similar companies in Asse

Details

Frequently asked questions