Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MS Finance from Bütgenbach, company number BE0677775127, closed financial year 2025 with a result of € 212,202 after tax. For that financial year MS Finance recorded a gross margin of € 643,968 and equity of € 507,661. Compared with financial year 2024, the result moved from € 76,678 to € 212,202. Profitable, and profit is growing. 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 June 30, 2026.
€ 507,661
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 212,202
▲ 177% vs 2024
Profit after tax over the fiscal year.
€ 86,490
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 209,892 paid out
99 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 231,696
▲ 4% 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.
€ 81,438
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 129,707
▼ 28% vs 2024
€ 48,698 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 13,327
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 65,829
▼ 72% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 273,046 | € 1,125,229 | € 442,251 | € 643,968 | ▲ 46% |
| Profit after taxes | € -22,503 | € 532,495 | € 76,678 | € 212,202 | ▲ 177% |
| Equity | € 102,661 | € 507,661 | € 507,661 | € 507,661 | |
| Total debts | € 260,589 | € 637,406 | € 516,098 | € 534,492 | ▲ 4% |
| Cash | € 24,497 | € 126,424 | € 100,342 | € 86,490 | ▼ 14% |
| Retained profit | € 2,661 | € 405,000 | € 405,000 | € 405,000 | |
| Dividend | € 58,683 | € 123,265 | € 74,368 | € 209,892 | ▲ 182% |
| Bank debt | € 123,845 | € 228,988 | € 179,875 | € 129,707 | ▼ 28% |
| Balance sheet total | € 363,250 | € 1,154,067 | € 1,023,759 | € 1,042,153 | ▲ 2% |
Key figures of MS Finance, 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 MS Finance?
What happened at MS Finance in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 212,202 (▲ 177% vs 2024). Source: NBB ↗
- New establishment in Sankt Vith. KBO
- New establishment in Bütgenbach. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,503 loss in 2022 to € 212,202 profit in 2025.
Paid € 342,392 in corporate taxes since 2022.
Best year ever: 2023, with € 532,495 profit.
Paid out € 466,208 in dividends to the owners in total.
Management
Behind MS Finance are Francis MARAITE and Frank SCHRÖDER. Frank SCHRÖDER is also behind I.F.S..
Directors
According to the 2025 annual accounts
Francis MARAITE
Director
Establishments
Establishment units
Physical locations of this company
Hofstrasse 47
4750 Bütgenbach
Büllinger Strasse 6
4750 Bütgenbach
Active since 4 July 2017
Hauptstrasse 53-55
4780 Sankt Vith
Active since 1 February 2023
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.
Details
- Company number
- 0677.775.127
- VAT number
- BE 0677.775.127
- Registered office
- Hofstrasse 47, 4750 Bütgenbach
- Names & denominations
- MS Finance
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 2017
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
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