Financials
Financial year 2025
MSI GROUP from Beringen, company number BE0755878042, closed financial year 2025 with a result of € 307,462 after tax. For that financial year MSI GROUP recorded a gross margin of € 3.3 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 244,890 to € 307,462. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 18, 2026.
€ 1.1 million
▲ 86% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 307,462
▲ 26% vs 2024
Profit after tax over the fiscal year.
€ 1 million
▲ 227% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.1 million.
People and assets in 2025
€ 2.1 million
▲ 47% 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.
€ 722,918
▲ 21% vs 2024
Of which on lease € 368,150.
Debts at end 2025
€ 1.2 million
▲ 60% vs 2024
€ 271,338 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 563,931
▲ 176% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 513,622
▲ 78% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 711,456 | € 1,183,881 | € 2,042,048 | € 3,290,267 | ▲ 61% |
| Profit after taxes | € 118,506 | € 211,883 | € 244,890 | € 307,462 | ▲ 26% |
| Equity | € 159,429 | € 371,311 | € 616,201 | € 1,146,794 | ▲ 86% |
| Total debts | € 542,000 | € 724,398 | € 1,273,871 | € 2,401,419 | ▲ 89% |
| Cash | € 154,861 | € 221,597 | € 309,475 | € 1,012,544 | ▲ 227% |
| Retained profit | € 124,429 | € 336,311 | € 581,201 | € 1,111,794 | ▲ 91% |
| Bank debt | € 396,078 | € 416,667 | € 759,012 | € 1,217,024 | ▲ 60% |
| Balance sheet total | € 701,429 | € 1,095,709 | € 1,890,073 | € 3,548,212 | ▲ 88% |
Key figures of MSI GROUP, 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 MSI GROUP?
What happened at MSI GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 307,462 (▲ 26% vs 2024). filed late Source: NBB ↗
- New establishment in Tessenderlo-Ham. KBO
- Sinan Ay became a director. NBB
- Melik Karabas became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 118,506 profit in 2022 to € 307,462 profit in 2025.
Paid € 454,065 in corporate taxes since 2022.
Best year ever: 2025, with € 307,462 profit.
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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 MSI GROUP are Sinan Ay and Melik Karabas. Sinan Ay is also behind Ay Holding and MSI Invest.
Directors
According to the 2025 annual accounts
since 2020
Melik Karabas
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Genebroekstraat 95
3581 Beringen
Ambachtsstraat 8 box 1058
3980 Tessenderlo-Ham
Active since 8 October 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
LEVEL27-AS * Please direct all complaints to [email protected] *, BE
Domain
Domain
msigroup.be
Registered
2020-09-17
Website info
Features
Security
Network
Details
- Company number
- 0755.878.042
- VAT number
- BE 0755.878.042
- Registered office
- Genebroekstraat 95, 3581 Beringen
- Names & denominations
- MSI GROUP · MSI INFRA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 October 2020
- Peppol
- Active · Active since 11 Dec 2025
- Contact
- msigroup.be [email protected]
- Activities · NACE
Overige bouwinstallatie
Vervaardiging van consumentenelektronica
Overige bouwinstallatie, n.e.g.
Vervaardiging van andere elektrische en elektronische draden en kabels
Elektrotechnische installatiewerken van nijverheidsinrichtingen