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 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MSM DIST from Charleroi, company number BE1001989214, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year MSM DIST recorded a gross margin of € 599,588 and equity of € -2 million. Compared with financial year 2024, the result moved from € -1 million to € -1.1 million. The company made a loss. 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 June 29, 2026.
€ -2 million
▼ € 1.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▼ 5 % more loss than in 2024
Profit after tax over the fiscal year.
€ 699,598
▲ 115% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.1 million.
People and assets in 2025
28.6
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 20% vs 2024
€ 43,300 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.
€ 2,675
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 191,302
▼ 54% vs 2024
Loans from banks and other lenders, long and short.
€ 3.3 million
▲ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 201,477
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 1,045,714 | € 599,588 | ▼ 43% |
| Profit after taxes | € -1,038,254 | € -1,088,571 | ▼ € 50,317 |
| Equity | € -938,254 | € -2,026,825 | ▼ € 1.1 million |
| Total debts | € 3,337,122 | € 4,477,133 | ▲ 34% |
| Cash | € 325,170 | € 699,598 | ▲ 115% |
| Retained profit | € -1,038,254 | € -2,126,825 | ▼ € 1.1 million |
| Bank debt | € 415,051 | € 191,302 | ▼ 54% |
| Balance sheet total | € 2,398,868 | € 2,450,308 | ▲ 2% |
| Employees (FTE) | 30.2 | 28.6 | ▼ 1.6 |
Key figures of MSM DIST, fiscal years 2024 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 MSM DIST?
What happened at MSM DIST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.1 million. Source: NBB ↗
- VALERIE VIERENDEELS became a director. NBB
- BENJAMIN THYRION stepped down as director. NBB
- New establishment in Charleroi. KBO
- Start of the company according to the CBE. KBO
In short
From € 1 million loss in 2024 to € 1.1 million loss in 2025.
Paid € 314 in corporate taxes since 2024.
On average € 21,000 of value added per employee in 2025.
Management
The stake of ITM ALIMENTAIRE BELGIUM, Templim, QUEVIM, LUCKIDIS, GENADIS, LEHDIS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MSM DISTBehind MSM DIST is VALERIE VIERENDEELS. The shares are held by ITM ALIMENTAIRE BELGIUM (100%), Templim (8.2%), QUEVIM (8.2%), LUCKIDIS (8.2%), GENADIS (8.2%) and LEHDIS (8.2%).
Directors
According to the 2025 annual accounts
since 2025
BENJAMIN THYRION
Director
· until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Paul Pastur 179
6032 Charleroi
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
- 1001.989.214
- VAT number
- BE 1001.989.214
- Registered office
- Avenue Paul Pastur 179, 6032 Charleroi
- Names & denominations
- MSM DIST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 November 2023
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)
Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)