Financials
Financial year 2025
MUSCAM from Baelen, company number BE0735421435, closed financial year 2025 with a result of € 86,192 after tax. For that financial year MUSCAM recorded a gross margin of € 115,258 and equity of € 10,228. Compared with financial year 2024, the result moved from € 77,700 to € 86,192. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 10,228
▲ 153% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 86,192
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 69,071
▼ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 80,000 paid out
93 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,806
▼ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,459
▼ 61% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 65,269 | € 88,669 | € 109,162 | € 115,258 | ▲ 6% |
| Profit after taxes | € 35,949 | € 56,530 | € 77,700 | € 86,192 | ▲ 11% |
| Equity | € 74,807 | € 21,337 | € 4,037 | € 10,228 | ▲ 153% |
| Total debts | € 66,190 | € 151,521 | € 126,257 | € 92,265 | ▼ 27% |
| Cash | € 86,588 | € 98,190 | € 81,084 | € 69,071 | ▼ 15% |
| Retained profit | € 70,807 | € 17,337 | € 37 | € 6,228 | ▲ € 6,192 |
| Dividend | € 25,000 | € 110,000 | € 95,000 | € 80,000 | ▼ 16% |
| Bank debt | € 21,212 | € 9,698 | € 0 | € 0 | |
| Balance sheet total | € 140,997 | € 172,858 | € 130,293 | € 102,494 | ▼ 21% |
Key figures of MUSCAM, 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 MUSCAM?
What happened at MUSCAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 86,192 (▲ 11% vs 2024). Source: NBB ↗
- New establishment in Welkenraedt. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,949 profit in 2022 to € 86,192 profit in 2025.
Paid € 71,937 in corporate taxes since 2022.
Best year ever: 2025, with € 86,192 profit.
Paid out € 310,000 in dividends to the owners in total.
Management
Behind MUSCAM is Boris SEVAR. Boris SEVAR is also behind FLOWTRONIC SA.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Levée de Limbourg(BLN) 25
4837 Baelen
Rue J.H. Cool 5
4840 Welkenraedt
Active since 22 October 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0735.421.435
- VAT number
- BE 0735.421.435
- Registered office
- Levée de Limbourg(BLN) 25, 4837 Baelen
- Names & denominations
- MUSCAM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 2019
- Peppol
- Active · Active since 15 Dec 2025
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