MSM is a repair service in Leuven. Private Limited, started on 30 January 2017, 2 establishments.

What is the address of MSM?

The registered office of MSM is located at Wijgmaalsesteenweg 100, 3012 Leuven.

Yes. According to the CBE (31 October 2026) MSM is active, legal situation “Normale toestand”, started on 30 January 2017.

Is MSM registered on Peppol?

Yes, MSM is registered on the Peppol network with ID 0208:0670520022.

What is the enterprise number of MSM?

The enterprise number of MSM is BE0670520022.

When was MSM founded?

MSM was founded on 30 January 2017.

Who are the directors of MSM?

According to the 2025 annual accounts, the directors of MSM are: Shamhan Mahmoedov.

Is MSM a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 30 January 2017; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 2 establishments in the CBE.

How much profit did MSM make in 2025?

MSM recorded a loss after taxes of € 139,176 in financial year 2025.

What is the revenue of MSM?

As a small company, MSM is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 759,940.

How much does an employee at MSM earn?

The average wage cost per full-time employee at MSM was € 37,800 in 2024: staff costs of € 658,364 for 17.4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

Does MSM have a website?

Yes, MSM has a website at msm-group.be.

MSM (Private Limited) - Leuven - BE0670520022

Dossier MSM, printed on 1 November 2026 from databakkes.be/en/0670520022/msm. 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.

Tight liquidity NBB

Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MSM from Leuven, company number BE0670520022, closed financial year 2025 with a result of € -139,176 after tax. For that financial year MSM recorded a gross margin of € 759,940 and equity of € 592,290. Compared with financial year 2024, the result moved from € 298,836 to € -139,176. The company made a loss. 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 September 25, 2026.

What it is worth Healthy

€ 592,290

▼ 19% vs 2024

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

Loss Caution

€ -139,176

▼ still € 298,836 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 29,893

▼ 74% vs 2024

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

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 579,890.

People and assets in 2025

Wage cost

€ 711,862

▲ 8% 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.

Vehicles and equipment

€ 105,144

▼ 59% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

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

Owed to suppliers

€ 677,489

▲ 28% vs 2024

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

Taxes and wages

€ 365,186

▲ 11% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 586,509 Gross margin 2022: € 586,509 First fiscal year in the series	€ 964,706 Gross margin 2023: € 964,706 ▲ 64% vs 2022 (€ 586,509) Favourable step	€ 1,220,305 Gross margin 2024: € 1,220,305 ▲ 26% vs 2023 (€ 964,706) Favourable step	€ 759,940 Gross margin 2025: € 759,940 ▼ 38% vs 2024 (€ 1,220,305) Unfavourable step	▼ 38%
Profit after taxes	€ 232,760 Profit after taxes 2022: € 232,760 First fiscal year in the series	€ 109,192 Profit after taxes 2023: € 109,192 ▼ 53% vs 2022 (€ 232,760) Unfavourable step	€ 298,836 Profit after taxes 2024: € 298,836 ▲ 174% vs 2023 (€ 109,192) Favourable step	€ -139,176 Profit after taxes 2025: € -139,176 ▼ € 438,011 vs 2024 (€ 298,836) Unfavourable step	▼ € 438,011
Equity	€ 323,438 Equity 2022: € 323,438 First fiscal year in the series	€ 432,630 Equity 2023: € 432,630 ▲ 34% vs 2022 (€ 323,438) Favourable step	€ 731,466 Equity 2024: € 731,466 ▲ 69% vs 2023 (€ 432,630) Favourable step	€ 592,290 Equity 2025: € 592,290 ▼ 19% vs 2024 (€ 731,466) Unfavourable step	▼ 19%
Total debts	€ 937,966 Total debts 2022: € 937,966 First fiscal year in the series	€ 1,041,995 Total debts 2023: € 1,041,995 ▲ 11% vs 2022 (€ 937,966) Unfavourable step	€ 857,250 Total debts 2024: € 857,250 ▼ 18% vs 2023 (€ 1,041,995) Favourable step	€ 1,043,982 Total debts 2025: € 1,043,982 ▲ 22% vs 2024 (€ 857,250) Unfavourable step	▲ 22%
Cash	€ 73,446 Cash 2022: € 73,446 First fiscal year in the series	€ 85,009 Cash 2023: € 85,009 ▲ 16% vs 2022 (€ 73,446) Favourable step	€ 114,391 Cash 2024: € 114,391 ▲ 35% vs 2023 (€ 85,009) Favourable step	€ 29,893 Cash 2025: € 29,893 ▼ 74% vs 2024 (€ 114,391) Unfavourable step	▼ 74%
Retained profit	€ 311,038 Retained profit 2022: € 311,038 First fiscal year in the series	€ 420,230 Retained profit 2023: € 420,230 ▲ 35% vs 2022 (€ 311,038) Favourable step	€ 719,066 Retained profit 2024: € 719,066 ▲ 71% vs 2023 (€ 420,230) Favourable step	€ 579,890 Retained profit 2025: € 579,890 ▼ 19% vs 2024 (€ 719,066) Unfavourable step	▼ 19%
Balance sheet total	€ 1,261,404 Balance sheet total 2022: € 1,261,404 First fiscal year in the series	€ 1,474,625 Balance sheet total 2023: € 1,474,625 ▲ 17% vs 2022 (€ 1,261,404) Unchanged	€ 1,588,716 Balance sheet total 2024: € 1,588,716 ▲ 8% vs 2023 (€ 1,474,625) Unchanged	€ 1,636,272 Balance sheet total 2025: € 1,636,272 ▲ 3% vs 2024 (€ 1,588,716) Unchanged	▲ 3%
Employees (FTE)	7 Employees (FTE) 2022: 7 First fiscal year in the series	15.1 Employees (FTE) 2023: 15.1 ▲ 8.1 vs 2022 (7) Unchanged	17.4 Employees (FTE) 2024: 17.4 ▲ 2.3 vs 2023 (15.1) Unchanged	-

Key figures of MSM, 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 MSM?

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

Sep 25, 2026 New annual accounts for financial year 2025: loss of € 139,176 (▼ € 438,011 vs 2024). filed late Source: NBB ↗
2024 Shamhan Mahmoedov became a director. NBB
Mar 1, 2017 New establishment in Glabbeek. KBO
Jan 30, 2017 New establishment in Leuven. KBO
Jan 30, 2017 Start of the company according to the CBE. KBO

In short

From € 232,760 profit in 2022 to € 139,176 loss in 2025.

Paid € 480,563 in corporate taxes since 2022.

Best year ever: 2024, with € 298,836 profit.

On average € 70,100 of value added per employee in 2024.

Original PDFs at the National Bank ↗

Management

Shamhan Mahmoedov

MSM

MSM Energy Solutions 50%

Behind MSM is Shamhan Mahmoedov. It owns 50% of MSM Energy Solutions itself.

Directors

According to the 2025 annual accounts

Shamhan Mahmoedov

Director

since 2024

Establishments

Establishment units

Physical locations of this company

Registered office

Wijgmaalsesteenweg 100

3012 Leuven

2.293.303.001

Tiensesteenweg 132

3380 Glabbeek

Active since 1 March 2017

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 →

KERL DAK

€ 11,719 gross margin · 2025

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

Website

HTTPS msm-group.be

Technologies

AOSBootstrapCloudflare CDNCloudflare CDNJSContact Form 7Font AwesomeGoogle FontsGoogle Tag ManagerRank MathWordPressjsDelivrreCAPTCHA

Hosting & Email

Email provider

Zoho Mail

Hosting

CLOUDFLARENET - Cloudflare, Inc., US

DNS

Cloudflare DNS

Website info

HTTPS Ja

Languages NL

Features

Ads Contact page

Security

✓ HTTPS

✓ SPF

✓ DMARC

Network

✓ IPv6

✓ Load balancing

Details

Company number

0670.520.022

VAT number

BE 0670.520.022

Registered office

Wijgmaalsesteenweg 100, 3012 Leuven

Names & denominations

MSM

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

30 January 2017

Peppol

Active · Active since 25 Aug 2026

Contact

msm-group.be

Activities · NACE

Reparatie en onderhoud van consumentenartikelen, neg

Stukadoorswerk

Overige werkzaamheden in verband met de afwerking van gebouwen

Groothandel in bouwmaterialen, algemeen assortiment

Algemene bouw van residentiële gebouwen

Algemene elektrotechnische installatiewerken

View on CBE Public ↗ Annual accounts (NBB) ↗

MSM