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 15 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
MSD from Hooglede, company number BE0839232221, closed financial year 2024 with a result of € 86,941 after tax. For that financial year MSD recorded a gross margin of € 493,940 and equity of € 789,024. Compared with financial year 2023, the result moved from € 12,095 to € 86,941. 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 October 4, 2025.
€ 789,024
▲ 12% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 86,941
▲ € 74,845 vs 2023
Profit after tax over the fiscal year.
€ 4,653
▼ 97% 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 € 770,424.
People and assets in 2024
1.9
▼ 0.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 195,082
▲ 21% vs 2023
€ 102,700 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.
€ 41,771
▲ 175% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 2 million
▼ 3% vs 2023
€ 122,296 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 226,660
▲ 6% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 69,950
▼ 31% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 191,455 | € 277,063 | € 325,475 | € 493,940 | ▲ 52% |
| Profit after taxes | € 67,146 | € 89,705 | € 12,095 | € 86,941 | ▲ € 74,845 |
| Equity | € 600,284 | € 689,989 | € 702,084 | € 789,024 | ▲ 12% |
| Total debts | € 632,580 | € 1,721,533 | € 2,359,995 | € 2,414,788 | ▲ 2% |
| Cash | € 256,322 | € 7,178 | € 165,107 | € 4,653 | ▼ 97% |
| Land & buildings | € 305,660 | € 1,775,212 | € 1,781,925 | € 1,736,139 | ▼ 3% |
| Retained profit | € 581,684 | € 671,389 | € 683,484 | € 770,424 | ▲ 13% |
| Bank debt | € 489,665 | € 1,563,684 | € 2,011,428 | € 1,957,659 | ▼ 3% |
| Balance sheet total | € 1,232,864 | € 2,411,521 | € 3,062,078 | € 3,203,812 | ▲ 5% |
| Employees (FTE) | 1 | 1 | 2 | 1.9 | ▼ 0.1 |
Key figures of MSD, fiscal years 2021 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 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 2024: profit of € 86,941 (▲ € 74,845 vs 2023). filed late Source: NBB ↗
- New establishment in Hooglede. KBO
- Start of the company according to the CBE. KBO
In short
From € 67,146 profit in 2021 to € 86,941 profit in 2024.
Paid € 115,020 in corporate taxes since 2021.
Best year ever: 2022, with € 89,705 profit.
On average € 260,000 of value added per employee in 2024.
A new publication or filing at MSD? 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
Directors
According to the 2024 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.
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