M.S.E is an electrical contractor in Ganshoren. Private Limited, started on 4 November 2010, 1 establishment.

What is the address of M.S.E?

The registered office of M.S.E is located at Léopold Demesmaekerstraat 63, 1083 Ganshoren.

Is M.S.E still active?

Yes. According to the CBE (16 September 2026) M.S.E is active, legal situation “Normale toestand”, started on 4 November 2010.

Is M.S.E registered on Peppol?

Yes, M.S.E is registered on the Peppol network with ID 0208:0830861715.

What is the enterprise number of M.S.E?

The enterprise number of M.S.E is BE0830861715.

When was M.S.E founded?

M.S.E was founded on 4 November 2010.

Who are the directors of M.S.E?

According to the 2025 annual accounts, the directors of M.S.E are: Marc Vaulet.

Is M.S.E a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 4 November 2010; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did M.S.E make in 2025?

M.S.E posted a profit after taxes of € 17,405 in financial year 2025.

What is the revenue of M.S.E?

As a small company, M.S.E is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 31,692.

M.S.E (Private Limited) - Ganshoren - BE0830861715

Dossier M.S.E, printed on 16 September 2026 from databakkes.be/en/0830861715/m-s-e. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

M.S.E from Ganshoren, company number BE0830861715, closed financial year 2025 with a result of € 17,405 after tax. For that financial year M.S.E recorded a gross margin of € 31,692 and equity of € 225,271. Compared with financial year 2024, the result moved from € 57,348 to € 17,405. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.

What it is worth Growing

€ 225,271

▲ 3% vs 2024

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

Profit Healthy

€ 17,405

▼ 70% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 164,072

▼ 18% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 206,671.

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

€ 42,014

▲ € 37,998 vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 3 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 16,860

€ 4,851 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 21,555

▲ 159% vs 2024

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

Taxes

€ 4,747

▼ 3% vs 2024

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

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Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 39,569 Gross margin 2022: € 39,569 First fiscal year in the series	€ 109,687 Gross margin 2023: € 109,687 ▲ 177% vs 2022 (€ 39,569) Favourable step	€ 90,711 Gross margin 2024: € 90,711 ▼ 17% vs 2023 (€ 109,687) Unfavourable step	€ 31,692 Gross margin 2025: € 31,692 ▼ 65% vs 2024 (€ 90,711) Unfavourable step	▼ 65%
Profit after taxes	€ 16,319 Profit after taxes 2022: € 16,319 First fiscal year in the series	€ 62,763 Profit after taxes 2023: € 62,763 ▲ 285% vs 2022 (€ 16,319) Favourable step	€ 57,348 Profit after taxes 2024: € 57,348 ▼ 9% vs 2023 (€ 62,763) Unfavourable step	€ 17,405 Profit after taxes 2025: € 17,405 ▼ 70% vs 2024 (€ 57,348) Unfavourable step	▼ 70%
Equity	€ 117,048 Equity 2022: € 117,048 First fiscal year in the series	€ 178,978 Equity 2023: € 178,978 ▲ 53% vs 2022 (€ 117,048) Favourable step	€ 218,453 Equity 2024: € 218,453 ▲ 22% vs 2023 (€ 178,978) Favourable step	€ 225,271 Equity 2025: € 225,271 ▲ 3% vs 2024 (€ 218,453) Favourable step	▲ 3%
Total debts	€ 24,865 Total debts 2022: € 24,865 First fiscal year in the series	€ 16,284 Total debts 2023: € 16,284 ▼ 35% vs 2022 (€ 24,865) Favourable step	€ 16,237 Total debts 2024: € 16,237 Unchanged (€ 16,284) Favourable step	€ 43,219 Total debts 2025: € 43,219 ▲ 166% vs 2024 (€ 16,237) Unfavourable step	▲ 166%
Cash	€ 59,604 Cash 2022: € 59,604 First fiscal year in the series	€ 150,552 Cash 2023: € 150,552 ▲ 153% vs 2022 (€ 59,604) Favourable step	€ 200,919 Cash 2024: € 200,919 ▲ 33% vs 2023 (€ 150,552) Favourable step	€ 164,072 Cash 2025: € 164,072 ▼ 18% vs 2024 (€ 200,919) Unfavourable step	▼ 18%
Retained profit	€ 98,448 Retained profit 2022: € 98,448 First fiscal year in the series	€ 160,378 Retained profit 2023: € 160,378 ▲ 63% vs 2022 (€ 98,448) Favourable step	€ 199,853 Retained profit 2024: € 199,853 ▲ 25% vs 2023 (€ 160,378) Favourable step	€ 206,671 Retained profit 2025: € 206,671 ▲ 3% vs 2024 (€ 199,853) Favourable step	▲ 3%
Dividend	€ 800 Dividend 2022: € 800 First fiscal year in the series	€ 833 Dividend 2023: € 833 ▲ 4% vs 2022 (€ 800) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 833) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 12,236 Bank debt 2022: € 12,236 First fiscal year in the series	€ 3,241 Bank debt 2023: € 3,241 ▼ 74% vs 2022 (€ 12,236) Favourable step	€ 0 Bank debt 2024: € 0 ▼ 100% vs 2023 (€ 3,241) Favourable step	€ 16,860 Bank debt 2025: € 16,860 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 141,913 Balance sheet total 2022: € 141,913 First fiscal year in the series	€ 195,262 Balance sheet total 2023: € 195,262 ▲ 38% vs 2022 (€ 141,913) Unchanged	€ 234,690 Balance sheet total 2024: € 234,690 ▲ 20% vs 2023 (€ 195,262) Unchanged	€ 268,489 Balance sheet total 2025: € 268,489 ▲ 14% vs 2024 (€ 234,690) Unchanged	▲ 14%

Key figures of M.S.E, 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.E?

What happened at M.S.E in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

May 28, 2026 New annual accounts for financial year 2025: profit of € 17,405 (▼ 70% vs 2024). Source: NBB ↗
Nov 4, 2010 New establishment in Ganshoren. KBO
Nov 4, 2010 Start of the company according to the CBE. KBO

In short

From € 16,319 profit in 2022 to € 17,405 profit in 2025.

Paid € 71,700 in corporate taxes since 2022.

Best year ever: 2023, with € 62,763 profit.

Paid out € 1,633 in dividends to the owners in total.

Original PDFs at the National Bank ↗

A new publication or filing at M.S.E? We notify you, reason included.

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My folder 3 companies

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

Real filings at the National Bank

Management

Marc Vaulet

M.S.E

Behind M.S.E is Marc Vaulet.

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Directors

According to the 2025 annual accounts

Marc Vaulet

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Léopold Demesmaekerstraat 63

1083 Ganshoren

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

MULTIMEDIAS SPORTS & EVENTS

€ 16,621 gross margin · 2025

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

Details

Company number

0830.861.715

VAT number

BE 0830.861.715

Registered office

Léopold Demesmaekerstraat 63, 1083 Ganshoren

Names & denominations

M.S.E

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

4 November 2010

Peppol

Active · Active since 19 Dec 2025

Contact

[email protected] +32495206293

Activities · NACE

Algemene elektrotechnische installatiewerken

Overige bouwinstallatie

Detailhandel in ICT-apparatuur

Detailhandel in onderdelen en accessoires van motorvoertuigen

Detailhandel in audio- en videoapparatuur in gespecialiseerde winkels

Overige bouwinstallatie, n.e.g.

View on CBE Public ↗ Annual accounts (NBB) ↗

M.S.E

Financials

What happened to M.S.E?

Know what changes at your customers, suppliers and competitors. Without reading an annual account.

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions