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 35 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MSW Tienen from Herent, company number BE0843945629, closed financial year 2025 with a result of € -261,290 after tax. For that financial year MSW Tienen recorded a gross margin of € 215,876 and equity of € 362,641. Compared with financial year 2024, the result moved from € 7,526 to € -261,290. 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 June 2, 2026.
€ 362,641
▼ 42% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -261,290
▼ still € 7,526 profit in 2024
Profit after tax over the fiscal year.
€ 32,564
▼ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 212,641.
People and assets in 2025
9.2
▼ 2.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 328,092
▼ 26% vs 2024
€ 35,700 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.
Debts at end 2025
€ 534,259
▲ 22% vs 2024
€ 38,572 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 206,378
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 46,514
▼ 40% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 713,741 | € 549,948 | € 615,176 | € 215,876 | ▼ 65% |
| Profit after taxes | € 134,913 | € -17,852 | € 7,526 | € -261,290 | ▼ € 268,816 |
| Equity | € 634,258 | € 616,406 | € 623,932 | € 362,641 | ▼ 42% |
| Total debts | € 1,772,561 | € 1,893,050 | € 1,592,317 | € 1,637,826 | ▲ 3% |
| Cash | € 31,708 | € 125,393 | € 60,087 | € 32,564 | ▼ 46% |
| Retained profit | € 484,258 | € 466,406 | € 473,932 | € 212,641 | ▼ 55% |
| Bank debt | € 565,534 | € 567,570 | € 436,915 | € 534,259 | ▲ 22% |
| Balance sheet total | € 2,406,819 | € 2,509,456 | € 2,216,249 | € 2,000,467 | ▼ 10% |
| Employees (FTE) | 9.8 | 10.5 | 12.1 | 9.2 | ▼ 2.9 |
Key figures of MSW Tienen, 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 MSW Tienen?
What happened at MSW Tienen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 261,290 (▼ € 268,816 vs 2024). Source: NBB ↗
- New establishment in Tienen. KBO
- Start of the company according to the CBE. KBO
In short
From € 134,913 profit in 2022 to € 261,290 loss in 2025.
Paid € 47,051 in corporate taxes since 2022.
Best year ever: 2022, with € 134,913 profit.
On average € 23,500 of value added per employee in 2025.
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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
The stake of SCHABOMA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MSW TienenBehind MSW Tienen is Schaboma BV. The shares are held by SCHABOMA (99.9%).
Directors
According to the 2025 annual accounts
Director · represented by Martin Schabon
Also active at: BVO, SSW DHZ, MSW IMMO II, MSW Immo, DHZ Klus, DHZ Lubbeek, MSW IMMO III
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 6
3020 Herent
Diestsesteenweg 182
3300 Tienen
Active since 24 February 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0843.945.629
- VAT number
- BE 0843.945.629
- Registered office
- Brusselsesteenweg 6, 3020 Herent
- Names & denominations
- MSW Tienen
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 February 2012
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Handelsbemiddeling in de groothandel in andere specifieke goederen
Detailhandel in overige bouwmaterialen, neg