What does MSG Consultancy do?

MSG Consultancy is a translation agency in Gent. Private Limited, started on 29 December 2008, 1 establishment.

What is the address of MSG Consultancy?

The registered office of MSG Consultancy is located at Luchterenkerkweg 15, 9031 Gent.

Is MSG Consultancy still active?

Yes. According to the CBE (31 October 2026) MSG Consultancy is active, legal situation “Normale toestand”, started on 29 December 2008.

Is MSG Consultancy registered on Peppol?

Yes, MSG Consultancy is registered on the Peppol network with ID 0208:0808746210.

What is the enterprise number of MSG Consultancy?

The enterprise number of MSG Consultancy is BE0808746210.

When was MSG Consultancy founded?

MSG Consultancy was founded on 29 December 2008.

Who are the directors of MSG Consultancy?

According to the 2025 annual accounts, the directors of MSG Consultancy are: Gulnora Mirkhidoyatova.

Is MSG Consultancy a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 December 2008; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did MSG Consultancy make in 2025?

MSG Consultancy recorded a loss after taxes of € 14,741 in financial year 2025.

What is the revenue of MSG Consultancy?

As a small company, MSG Consultancy is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -1,309.

MSG Consultancy (Private Limited) - Gent - BE0808746210

Dossier MSG Consultancy, printed on 1 November 2026 from databakkes.be/en/0808746210/msg-consultancy. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 2 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

MSG Consultancy from Gent, company number BE0808746210, closed financial year 2025 with a result of € -14,741 after tax. For that financial year MSG Consultancy recorded a gross margin of € -1,309 and equity of € -53,920. Compared with financial year 2024, the result moved from € -25,100 to € -14,741. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.

What it is worth Caution

€ -53,920

▼ € 14,741 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -14,741

▲ 41 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2,343

▼ 62% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -56,320.

People and assets in 2025

Full-time equivalents estimate The annual accounts report no full-time equivalents. A micro company with one active director is usually run by that person; this is an assumption, not a figure from the source.

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Vehicles and equipment

€ 13,636

▼ 48% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 73

▼ 44% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 168

▲ 44% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 51,079 Gross margin 2022: € 51,079 First fiscal year in the series	€ -6,231 Gross margin 2023: € -6,231 ▼ € 57,310 vs 2022 (€ 51,079) Unfavourable step	€ -11,203 Gross margin 2024: € -11,203 ▼ € 4,973 vs 2023 (€ -6,231) Unfavourable step	€ -1,309 Gross margin 2025: € -1,309 ▲ € 9,894 vs 2024 (€ -11,203) Favourable step	▲ € 9,894
Profit after taxes	€ 27,112 Profit after taxes 2022: € 27,112 First fiscal year in the series	€ -22,873 Profit after taxes 2023: € -22,873 ▼ € 49,985 vs 2022 (€ 27,112) Unfavourable step	€ -25,100 Profit after taxes 2024: € -25,100 ▼ € 2,227 vs 2023 (€ -22,873) Unfavourable step	€ -14,741 Profit after taxes 2025: € -14,741 ▲ € 10,359 vs 2024 (€ -25,100) Favourable step	▲ € 10,359
Equity	€ 24,993 Equity 2022: € 24,993 First fiscal year in the series	€ 2,121 Equity 2023: € 2,121 ▼ 92% vs 2022 (€ 24,993) Unfavourable step	€ -39,179 Equity 2024: € -39,179 ▼ € 41,300 vs 2023 (€ 2,121) Unfavourable step	€ -53,920 Equity 2025: € -53,920 ▼ € 14,741 vs 2024 (€ -39,179) Unfavourable step	▼ € 14,741
Total debts	€ 74,804 Total debts 2022: € 74,804 First fiscal year in the series	€ 60,813 Total debts 2023: € 60,813 ▼ 19% vs 2022 (€ 74,804) Favourable step	€ 73,711 Total debts 2024: € 73,711 ▲ 21% vs 2023 (€ 60,813) Unfavourable step	€ 74,446 Total debts 2025: € 74,446 ▲ 1% vs 2024 (€ 73,711) Unfavourable step	▲ 1%
Cash	€ 46,220 Cash 2022: € 46,220 First fiscal year in the series	€ 22,417 Cash 2023: € 22,417 ▼ 51% vs 2022 (€ 46,220) Unfavourable step	€ 6,165 Cash 2024: € 6,165 ▼ 72% vs 2023 (€ 22,417) Unfavourable step	€ 2,343 Cash 2025: € 2,343 ▼ 62% vs 2024 (€ 6,165) Unfavourable step	▼ 62%
Retained profit	€ 6,393 Retained profit 2022: € 6,393 First fiscal year in the series	€ -16,479 Retained profit 2023: € -16,479 ▼ € 22,873 vs 2022 (€ 6,393) Unfavourable step	€ -41,579 Retained profit 2024: € -41,579 ▼ € 25,100 vs 2023 (€ -16,479) Unfavourable step	€ -56,320 Retained profit 2025: € -56,320 ▼ € 14,741 vs 2024 (€ -41,579) Unfavourable step	▼ € 14,741
Dividend	€ 27,112 Dividend 2022: € 27,112 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 27,112) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 99,797 Balance sheet total 2022: € 99,797 First fiscal year in the series	€ 62,933 Balance sheet total 2023: € 62,933 ▼ 37% vs 2022 (€ 99,797) Unchanged	€ 34,532 Balance sheet total 2024: € 34,532 ▼ 45% vs 2023 (€ 62,933) Unchanged	€ 20,526 Balance sheet total 2025: € 20,526 ▼ 41% vs 2024 (€ 34,532) Unchanged	▼ 41%

Key figures of MSG Consultancy, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.

What happened to MSG Consultancy?

What happened at MSG Consultancy in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Apr 30, 2026 New annual accounts for financial year 2025: loss of € 14,741. Source: NBB ↗
Jan 8, 2009 New establishment in Gent. KBO
Dec 29, 2008 Start of the company according to the CBE. KBO

In short

From € 27,112 profit in 2022 to € 14,741 loss in 2025.

Paid € 12,144 in corporate taxes since 2022.

Best year ever: 2022, with € 27,112 profit.

Paid out € 27,112 in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Gulnora Mirkhidoyatova

MSG Consultancy

Behind MSG Consultancy is Gulnora Mirkhidoyatova.

Directors

According to the 2025 annual accounts

Gulnora Mirkhidoyatova

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Luchterenkerkweg 15

9031 Gent

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0808.746.210

VAT number

BE 0808.746.210

Registered office

Luchterenkerkweg 15, 9031 Gent

Names & denominations

MSG Consultancy

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

29 December 2008

Peppol

Active · Active since 28 Apr 2025

Activities · NACE

Activiteiten van vertalers

Vertalers en tolken

Handelsbemiddeling in de groothandel in andere specifieke goederen

Administratieve en ondersteunende activiteiten ten behoeve van kantoren

Handelsbemiddeling in de niet-gespecialiseerde groothandel

Diverse administratieve activiteiten ten behoeve van kantoren

View on CBE Public ↗ Annual accounts (NBB) ↗

MSG Consultancy

Warning lights

Financials

What happened to MSG Consultancy?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions