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 39 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
MS PROJECTS from Waregem, company number BE0801416671, closed financial year 2024 with a result of € 22,386 after tax. For that financial year MS PROJECTS recorded a gross margin of € 734,180 and equity of € 40,136. Compared with financial year 2023, the result moved from € 14,750 to € 22,386. 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 July 17, 2025.
€ 40,136
▲ 126% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,386
▲ 52% vs 2023
Profit after tax over the fiscal year.
€ 83,819
▲ € 66,958 vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 37,136.
People and assets in 2024
7.3
▼ 2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 495,093
▲ 85% vs 2023
€ 67,800 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.
€ 466,731
▼ 23% vs 2023
Of which on lease € 27,735.
Debts at end 2024
€ 498,886
€ 84,862 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 167,358
▼ 14% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 22,282
▼ 24% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|
| Gross margin | € 349,782 | € 734,180 | ▲ 110% |
| Profit after taxes | € 14,750 | € 22,386 | ▲ 52% |
| Equity | € 17,750 | € 40,136 | ▲ 126% |
| Total debts | € 1,315,831 | € 1,177,586 | ▼ 11% |
| Cash | € 16,861 | € 83,819 | ▲ € 66,958 |
| Retained profit | € 14,750 | € 37,136 | ▲ 152% |
| Bank debt | € 0 | € 498,886 | |
| Balance sheet total | € 1,333,581 | € 1,217,722 | ▼ 9% |
| Employees (FTE) | 9.3 | 7.3 | ▼ 2 |
Key figures of MS PROJECTS, fiscal years 2023 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MS PROJECTS?
What happened at MS PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 22,386 (▲ 52% vs 2023). Source: NBB ↗
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
- Celestine De Wintere became a director. NBB
- Michiel Sulmon became a director. NBB
In short
From € 14,750 profit in 2023 to € 22,386 profit in 2024.
Paid € 15,460 in corporate taxes since 2023.
Best year ever: 2024, with € 22,386 profit.
On average € 100,600 of value added per employee in 2024.
A new publication or filing at MS PROJECTS? We notify you, reason included.
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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 MS PROJECTS are Celestine De Wintere and Michiel Sulmon.
Directors
According to the 2024 annual accounts
Celestine De Wintere
Bestuurder
since 2023
Michiel Sulmon
Bestuurder
since 2023
Establishments
Establishment units
Physical locations of this company
Roterijstraat 89
8790 Waregem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0801.416.671
- VAT number
- BE 0801.416.671
- Registered office
- Roterijstraat 89, 8790 Waregem
- Names & denominations
- MS PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 May 2023
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Algemene bouw van residentiële gebouwen
Stukadoorswerk
Ontwikkeling van niet-residentiële bouwprojecten
Schrijnwerk
Plaatsen van vloer- en wandtegels