Financials
Financial year 2025
MSG Care from Brussel, company number BE0741500464, closed financial year 2025 with a result of € 184,435 after tax. For that financial year MSG Care recorded a gross margin of € 1.2 million and equity of € 42,091. Compared with financial year 2024, the result moved from € 171,701 to € 184,435. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 42,091
▼ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 184,435
▲ 7% vs 2024
Profit after tax over the fiscal year.
€ 258,302
▼ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 200,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
16.5
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 921,200
€ 55,800 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 50,886
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 153,473
▼ 44% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,242,247 | € 1,414,685 | € 1,159,723 | € 1,178,480 | ▲ 2% |
| Profit after taxes | € 228,282 | € 374,343 | € 171,701 | € 184,435 | ▲ 7% |
| Equity | € 61,612 | € 85,955 | € 57,656 | € 42,091 | ▼ 27% |
| Total debts | € 707,931 | € 654,946 | € 518,992 | € 404,359 | ▼ 22% |
| Cash | € 584,768 | € 585,872 | € 337,585 | € 258,302 | ▼ 23% |
| Retained profit | € 61,512 | € 85,855 | € 57,556 | € 41,991 | ▼ 27% |
| Dividend | € 300,000 | € 350,000 | € 200,000 | € 200,000 | |
| Balance sheet total | € 769,543 | € 740,901 | € 576,648 | € 446,450 | ▼ 23% |
| Employees (FTE) | 14 | 17.2 | 15.8 | 16.5 | ▲ 0.7 |
Key figures of MSG Care, 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 MSG Care?
What happened at MSG Care in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 184,435 (▲ 7% vs 2024). Source: NBB ↗
- New establishment in Hasselt. KBO
- New establishment in Hasselt. KBO
- New establishment in Lummen. KBO
- Start of the company according to the CBE. KBO
- Michael GILLEN became a director. NBB
- Seamus GILLEN became a director. NBB
In short
From € 228,282 profit in 2022 to € 184,435 profit in 2025.
Paid € 349,442 in corporate taxes since 2022.
Best year ever: 2023, with € 374,343 profit.
On average € 71,400 of value added per employee in 2025.
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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 MSG Care are Michael GILLEN and Seamus GILLEN.
Directors
According to the 2025 annual accounts
Michael GILLEN
Director
since 2020
Seamus GILLEN
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Koloniënstraat 11
1000 Brussel
Larenstraat 93
3560 Lummen
Active since 14 January 2020
Genkersteenweg 350
3500 Hasselt
Active since 8 October 2020
Albrecht Rodenbachstraat 29
3500 Hasselt
Active since 29 April 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0741.500.464
- VAT number
- BE 0741.500.464
- Registered office
- Koloniënstraat 11, 1000 Brussel
- Names & denominations
- MSG Care
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 January 2020
- Peppol
- Active · Active since 12 Jan 2026
- Activities · NACE
Algemeen welzijnswerk zonder huisvesting
Opsporings- en particuliere beveiligingsdiensten
Activiteiten op het gebied van psychologie
Activiteiten op het gebied van voeding
Overige zakelijke dienstverlening, neg
Sociaal-cultureel vormingswerk
Activiteiten op het vlak van geestelijke gezondheidszorg, m.u.v. psychiatrische ziekenhuizen en verzorgingstehuizen
Overige menselijke gezondheidszorg, n.e.g.
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