Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
29 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MUST & Partners from Brussel, company number BE0552655025, closed financial year 2025 with a result of € 59,176 after tax. For that financial year MUST & Partners recorded a gross margin of € 307,193 and equity of € 167,423. Compared with financial year 2024, the result moved from € 91,247 to € 59,176. The company is profitable. 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 August 4, 2026.
€ 167,423
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 59,176
▼ 35% vs 2024
Profit after tax over the fiscal year.
€ 78,713
▲ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 71,765 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 198,882
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,578
▼ 63% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7,363
▼ 15% vs 2024
Loans from banks and other lenders, long and short.
€ 88,296
▼ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,532
▼ 40% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 53,316 | € 176,963 | € 156,274 | € 307,193 | ▲ 97% |
| Profit after taxes | € 33,998 | € 109,345 | € 91,247 | € 59,176 | ▼ 35% |
| Equity | € 82,949 | € 147,294 | € 180,012 | € 167,423 | ▼ 7% |
| Total debts | € 180,429 | € 150,251 | € 200,847 | € 121,554 | ▼ 39% |
| Cash | € 60,836 | € 24,905 | € 53,661 | € 78,713 | ▲ 47% |
| Land & buildings | € 4,316 | € 3,882 | € 3,448 | € 3,014 | ▼ 13% |
| Retained profit | € 64,349 | € 128,694 | € 161,412 | € 148,823 | ▼ 8% |
| Dividend | € 0 | € 45,000 | € 58,529 | € 71,765 | ▲ 23% |
| Bank debt | € 0 | € 7,998 | € 8,624 | € 7,363 | ▼ 15% |
| Balance sheet total | € 263,378 | € 297,545 | € 380,859 | € 288,977 | ▼ 24% |
Key figures of MUST & Partners, 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 MUST & Partners?
What happened at MUST & Partners in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 59,176 (▼ 35% vs 2024). filed late Source: NBB ↗
- MBLC Consulting became a director. NBB
- New establishment in Brussel. KBO
- Matteo Mussini became a director. NBB
- Luciano Stella became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 33,998 profit in 2022 to € 59,176 profit in 2025.
Paid € 124,888 in corporate taxes since 2022.
Best year ever: 2023, with € 109,345 profit.
Paid out € 175,294 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 MUST & Partners are Matteo Mussini, Luciano Stella and MBLC Consulting. Luciano Stella is also behind NDV Consulting.
Directors
According to the 2025 annual accounts
Matteo Mussini
Director
since 2014
since 2014
Director · represented by Mussini Matteo
since 2018
Establishments
Establishment units
Physical locations of this company
Kunstlaan 50
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered at this address.
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€ -59,787 gross margin · 2025
+24 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
ARUBA-ASN, IT
Domain
Domain
mustandpartners.com
Registered
2017-01-20
Registrar
Tucows Domains Inc.
Expires
2027-01-20
Website info
Features
Security
Network
Details
- Company number
- 0552.655.025
- VAT number
- BE 0552.655.025
- Registered office
- Kunstlaan 50, 1000 Brussel
- Names & denominations
- MUST & Partners
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 May 2014
- Peppol
- Active · Active since 6 Jan 2026
- Contact
- mustandpartners.com
- Activities · NACE
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