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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
M & S DESIGN from Boussu, company number BE0871879253, closed financial year 2025 with a result of € 22,389 after tax. For that financial year M & S DESIGN recorded a gross margin of € 26,984 and equity of € -24,525. Compared with financial year 2024, the result moved from € 3,903 to € 22,389. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ -24,525
▲ € 22,388 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,389
▲ € 18,486 vs 2024
Profit after tax over the fiscal year.
€ 7,474
▲ 11% 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 € -37,725.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 50,335
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,145
▲ 46% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -7,886 | € 16,636 | € 12,375 | € 26,984 | ▲ 118% |
| Profit after taxes | € -17,522 | € 7,185 | € 3,903 | € 22,389 | ▲ € 18,486 |
| Equity | € -58,001 | € -50,816 | € -46,913 | € -24,525 | ▲ € 22,388 |
| Total debts | € 143,442 | € 138,915 | € 118,228 | € 103,262 | ▼ 13% |
| Cash | € 1,737 | € 14,817 | € 6,735 | € 7,474 | ▲ 11% |
| Retained profit | € -71,201 | € -64,016 | € -60,113 | € -37,725 | ▲ € 22,388 |
| Bank debt | € 57,311 | € 34,545 | € 10,375 | € 0 | ▼ 100% |
| Balance sheet total | € 85,441 | € 88,099 | € 71,315 | € 78,737 | ▲ 10% |
Key figures of M & S DESIGN, 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 DESIGN?
What happened at M & S DESIGN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 22,389 (▲ € 18,486 vs 2024). Source: NBB ↗
- THIERRY GHISLAIN became a director. NBB
- New establishment in Boussu. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,522 loss in 2022 to € 22,389 profit in 2025.
Paid € 524 in corporate taxes since 2022.
Best year ever: 2025, with € 22,389 profit.
Management
Behind M & S DESIGN is THIERRY GHISLAIN.
Directors
According to the 2025 annual accounts
THIERRY GHISLAIN
Administrator-manager
since 2023
Establishments
Establishment units
Physical locations of this company
Rue de Warquignies(H) 27
7301 Boussu
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
- 0871.879.253
- VAT number
- BE 0871.879.253
- Registered office
- Rue de Warquignies(H) 27, 7301 Boussu
- Names & denominations
- M & S DESIGN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 February 2005
- Peppol
- Active · Active since 24 Dec 2025
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