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 44 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
MSE Solutions from Lokeren, company number BE0792333414, closed financial year 2025 with a result of € 26,110 after tax. For that financial year MSE Solutions recorded revenue of € 331,083 and equity of € 56,537. Compared with financial year 2024, the result moved from € 14,536 to € 26,110. 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 29, 2026.
€ 56,537
▲ 86% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,110
▲ 80% vs 2024
Profit after tax over the fiscal year.
€ 294
▼ 98% 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 € 54,537.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 9,266
▲ 49% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 50,671
▲ 217% vs 2024
€ 42,447 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 35,816
▲ 143% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 37,254
▲ 36% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | - | - | € 331,083 | |
| Gross margin | € 25,875 | € 34,571 | € 45,838 | ▲ 33% |
| Profit after taxes | € 13,891 | € 14,536 | € 26,110 | ▲ 80% |
| Equity | € 15,891 | € 30,427 | € 56,537 | ▲ 86% |
| Total debts | € 16,519 | € 58,725 | € 123,742 | ▲ 111% |
| Cash | € 13,166 | € 14,049 | € 294 | ▼ 98% |
| Retained profit | € 13,891 | € 28,427 | € 54,537 | ▲ 92% |
| Bank debt | € 0 | € 15,970 | € 50,671 | ▲ 217% |
| Balance sheet total | € 32,410 | € 89,151 | € 180,278 | ▲ 102% |
By revenue, MSE Solutions ranks 4th of 5 companies with main activity “Bouw van autowegen en andere wegen” in Lokeren that publish figures (fiscal year 2025).
Key figures of MSE Solutions, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
Ask about MSE Solutions the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to MSE Solutions?
What happened at MSE Solutions in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 26,110 (▲ 80% vs 2024). filed late Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Lokeren. KBO
In short
From € 13,891 profit in 2023 to € 26,110 profit in 2025.
Paid € 23,122 in corporate taxes since 2023.
Best year ever: 2025, with € 26,110 profit.
Management
Behind MSE Solutions is Mikail Elma.
Directors
According to the 2025 annual accounts
Mikail Elma
Director
Establishments
Establishment units
Physical locations of this company
Ledehof 3
9160 Lokeren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Similar companies in Lokeren
Same main activity (Bouw van autowegen en andere wegen), 31 active companies in Lokeren, largest first.
€ 27 million revenue · 2025
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Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AS-ZXCS, NL
Website info
Features
Security
Network
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- ELMA Mikail(oprichter) 100%
Details
- Company number
- 0792.333.414
- VAT number
- BE 0792.333.414
- Registered office
- Ledehof 3, 9160 Lokeren
- Names & denominations
- MSE Solutions
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 October 2022
- Peppol
- Active · Active since 6 Dec 2025
- Contact
- msesolutions.be
- Activities · NACE
Bouw van autowegen en andere wegen
Bouwrijp maken van terreinen
Overige zakelijke dienstverlening, neg