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 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MS-CONNECT from Gerpinnes, company number BE0778969089, closed financial year 2025 with a result of € -2,482 after tax. For that financial year MS-CONNECT recorded a gross margin of € 132,698 and equity of € 738. Compared with financial year 2024, the result moved from € 11,636 to € -2,482. The company made a loss. The buffer shrank hard: equity is 77 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 738
▼ 77% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,482
▼ still € 11,636 profit in 2024
Profit after tax over the fiscal year.
€ 9,808
▼ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9,262.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 90,399
▼ 9% 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.
€ 49,800
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 106,119
▼ 23% vs 2024
€ 34,398 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 27,149
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,299
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 107,158 | € 131,396 | € 146,815 | € 132,698 | ▼ 10% |
| Profit after taxes | € -50,187 | € 31,771 | € 11,636 | € -2,482 | ▼ € 14,119 |
| Equity | € -40,187 | € -8,416 | € 3,220 | € 738 | ▼ 77% |
| Total debts | € 232,309 | € 181,904 | € 218,015 | € 171,804 | ▼ 21% |
| Cash | € 19,504 | € 31,055 | € 33,051 | € 9,808 | ▼ 70% |
| Retained profit | € -50,187 | € -18,416 | € -6,780 | € -9,262 | ▼ € 2,482 |
| Bank debt | € 112,805 | € 97,949 | € 138,628 | € 106,119 | ▼ 23% |
| Balance sheet total | € 192,121 | € 173,488 | € 221,235 | € 172,542 | ▼ 22% |
Key figures of MS-CONNECT, 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-CONNECT?
What happened at MS-CONNECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,482 (▼ € 14,119 vs 2024). filed late Source: NBB ↗
- New establishment in Mons. KBO
- New establishment in Gerpinnes. KBO
- Start of the company according to the CBE. KBO
In short
From € 50,187 loss in 2022 to € 2,482 loss in 2025.
Paid € 269 in corporate taxes since 2022.
Best year ever: 2023, with € 31,771 profit.
A new publication or filing at MS-CONNECT? We notify you, reason included.
Follow MS-CONNECTDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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
Directors
According to the 2025 annual accounts
Marco Serra
Director
Establishments
Establishment units
Physical locations of this company
Rue Joseph Van Brusselt(GER) 3
6280 Gerpinnes
Rue Saint Macaire(O) 15
7034 Mons
Active since 23 February 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0778.969.089
- VAT number
- BE 0778.969.089
- Registered office
- Rue Joseph Van Brusselt(GER) 3, 6280 Gerpinnes
- Names & denominations
- MS-CONNECT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2021
- Peppol
- Active · Active since 23 Jan 2026
- Activities · NACE
Algemene elektrotechnische installatiewerken
Overige werkzaamheden in verband met de afwerking van gebouwen
Installatie van isolatie
Installatie van industriële machines, toestellen en werktuigen
Elektrotechnische installatiewerken van nijverheidsinrichtingen
Reparatie en onderhoud van consumentenelektronica
Isolatiewerkzaamheden