Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
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 %.
-
Busy address KBO
81 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
M.S.B. FINANCE from Sint-Agatha-Berchem, company number BE0821290387, closed financial year 2025 with a result of € -12,849 after tax. For that financial year M.S.B. FINANCE recorded a gross margin of € 71,515 and equity of € 414,354. Compared with financial year 2024, the result moved from € -8,205 to € -12,849. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 414,354
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12,849
▼ 57 % more loss than in 2024
Profit after tax over the fiscal year.
€ 7,066
▼ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1,894.
People and assets in 2025
€ 94,307
▲ € 91,013 vs 2024
Of which on lease € 78,115.
Debts at end 2025
€ 751,316
▲ 3% vs 2024
€ 55,098 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 450
▼ 71% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,388
▲ 79% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 81,148 | € 68,936 | € 66,513 | € 71,515 | ▲ 8% |
| Profit after taxes | € 12,776 | € 807 | € -8,205 | € -12,849 | ▼ € 4,644 |
| Equity | € 102,601 | € 435,408 | € 427,203 | € 414,354 | ▼ 3% |
| Total debts | € 919,491 | € 866,826 | € 826,506 | € 860,308 | ▲ 4% |
| Cash | € 5,873 | € 1,289 | € 39,678 | € 7,066 | ▼ 82% |
| Land & buildings | € 962,929 | € 1,238,826 | € 1,191,916 | € 1,155,805 | ▼ 3% |
| Retained profit | € 24,001 | € 22,948 | € 14,743 | € 1,894 | ▼ 87% |
| Bank debt | € 810,417 | € 767,981 | € 726,868 | € 751,316 | ▲ 3% |
| Balance sheet total | € 1,022,091 | € 1,302,234 | € 1,253,709 | € 1,274,662 | ▲ 2% |
Key figures of M.S.B. FINANCE, 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 M.S.B. FINANCE?
What happened at M.S.B. FINANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12,849. Source: NBB ↗
- New establishment in Sint-Agatha-Berchem. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,776 profit in 2022 to € 12,849 loss in 2025.
Paid € 5,585 in corporate taxes since 2022.
Best year ever: 2022, with € 12,776 profit.
A new publication or filing at M.S.B. FINANCE? 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 M.S.B. FINANCE are Said Boutagrat and Yasmina Boutagrat.
Directors
According to the 2025 annual accounts
Said Boutagrat
Director
Yasmina Boutagrat
Director
Establishments
Establishment units
Physical locations of this company
Keizer Karellaan 584
1082 Sint-Agatha-Berchem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 81 companies are registered at this address.
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€ -930 gross margin · 2025
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€ 492,460 gross margin · 2025
ATTENTIA, Erkend interprofessioneel Sociaal Secretariaat
€ 20.7 million revenue · 2025
Attentia Corporate
ATTENTIA Preventie & bescherming
€ 63.4 million revenue · 2025
+76 more
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
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0821.290.387
- VAT number
- BE 0821.290.387
- Registered office
- Keizer Karellaan 584, 1082 Sint-Agatha-Berchem
- Names & denominations
- M.S.B. FINANCE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 2009
- Peppol
- Active · Active since 29 Oct 2024
- Contact
- msbassurances.be [email protected]
- Activities · NACE
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