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 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MSD from Hooglede, company number BE0839232221, closed financial year 2025 with a result of € 109,725 after tax. For that financial year MSD recorded a gross margin of € 529,299 and equity of € 898,749. Compared with financial year 2024, the result moved from € 86,941 to € 109,725. 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 November 3, 2026.
€ 898,749
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 109,725
▲ 26% vs 2024
Profit after tax over the fiscal year.
€ 30,699
▲ € 26,046 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 € 880,149.
People and assets in 2025
3.3
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 211,826
▲ 9% vs 2024
€ 64,200 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.
€ 46,444
▲ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.7 million
▼ 14% vs 2024
€ 119,307 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 153,910
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 88,116
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 277,063 | € 325,475 | € 493,940 | € 529,299 | ▲ 7% |
| Profit after taxes | € 89,705 | € 12,095 | € 86,941 | € 109,725 | ▲ 26% |
| Equity | € 689,989 | € 702,084 | € 789,024 | € 898,749 | ▲ 14% |
| Total debts | € 1,721,533 | € 2,359,995 | € 2,414,788 | € 1,983,590 | ▼ 18% |
| Cash | € 7,178 | € 165,107 | € 4,653 | € 30,699 | ▲ € 26,046 |
| Land & buildings | € 1,775,212 | € 1,781,925 | € 1,736,139 | € 1,493,469 | ▼ 14% |
| Retained profit | € 671,389 | € 683,484 | € 770,424 | € 880,149 | ▲ 14% |
| Bank debt | € 1,563,684 | € 2,011,428 | € 1,957,659 | € 1,692,362 | ▼ 14% |
| Balance sheet total | € 2,411,521 | € 3,062,078 | € 3,203,812 | € 2,882,339 | ▼ 10% |
| Employees (FTE) | 1 | 2 | 1.9 | 3.3 | ▲ 1.4 |
By gross margin, MSD ranks 3rd of 13 companies with main activity “Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)” in Hooglede that publish figures (fiscal year 2025).
Key figures of MSD, 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.
Ask about MSD 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 MSD?
What happened at MSD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 109,725 (▲ 26% vs 2024). filed late Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Hooglede. KBO
In short
From € 89,705 profit in 2022 to € 109,725 profit in 2025.
Paid € 138,364 in corporate taxes since 2022.
Best year ever: 2025, with € 109,725 profit.
On average € 160,400 of value added per employee in 2025.
Management
Behind MSD is Nicolas Dumoulin.
Directors
According to the 2025 annual accounts
Nicolas Dumoulin
Director
Establishments
Establishment units
Physical locations of this company
Bruggesteenweg 299
8830 Hooglede
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Similar companies in Hooglede
Same main activity (Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)), 17 active companies in Hooglede, largest first.
€ 89.4 million revenue · 2025
€ 38.2 million revenue · 2025
€ 31.6 million revenue · 2025
€ 10.2 million revenue · 2025
€ 7.6 million revenue · 2025
€ 1.5 million gross margin · 2025
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 ↗- DUMOULIN Nicolas Paul Jozef(oprichter) 100%
Details
- Company number
- 0839.232.221
- VAT number
- BE 0839.232.221
- Registered office
- Bruggesteenweg 299, 8830 Hooglede
- Names & denominations
- MSD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 2011
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering