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MSC-PROJECTS

Active Private limited companyfounded 2007active for 19 yearsEikblokstraat 105, 2100 AntwerpKBO/BCE: BE 0890.446.043
MSC-PROJECTS
Financial year 2025
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Annual accounts 2025

micro format, filed on 30-06-2026, 31 days before the deadline
€1,807
▼ 95.5%
-€24,152
▼ €21,829
-€23,070
▼ €22,303
-€21,398
▼ €17,755
97.1%
▼ 1.6 percentage points
32.98
▼ 40.95

Money flows

turnover is 6.0% of income in 2025

Balance sheet

balance sheet total €80,968 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

97.1%

Higher than 95% of 9,462 companies in 2025.

32.98

Higher than 95% of 9,210 companies in 2025.

-27.8%

Higher than 7% of 9,282 companies in 2025.

MSC-PROJECTS Middle half of the sector 80% of the sector Micro accounts in construction of buildings (NACE 41)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008
Balance sheet: assets
20/58 80,968102,429110,343126,925118,334112,810106,41677,19967,36059,37743,74354,38930,66054,5796868,5662,4788,138
21/28 3,8274,9106,46715,32924,67331,53234,5383,77610,96816,62725,75735,2299,4426,154676901901-
22/27 3,8274,9106,46715,32924,67331,53234,5383,77610,96816,62725,75735,2299,4426,154676901901-
22 3156309441,2591,5741,8892,2042,5182,833---------
23 --1132373611112233341589062,2913,6753,774807----
24 882858438,69517,03023,82432,1119237,97615,72123,46631,5545,6685,347676901901-
26 3,4253,9964,5675,1375,7085,708------------
29/58 77,14197,519103,875111,59693,66081,27871,87973,42356,39242,75017,98619,16021,21848,425107,6651,5778,138
29 -----------------6,587
291 -----------------6,587
3 ----4,375-------------
30/36 ----4,375-------------
40/41 1,0167012,26718,54322,7592,4013,42911,83121,8356,5419,0102,5427,58236,660-3,697--
40 8213211,88718,24520,5276783,1467,81618,8355,3883,3221,1005,08129,858-2,094--
41 1953803802982,2321,7232834,0153,0001,1535,6881,4422,5016,802-1,603--
50/53 70,00075,000----------------
54/58 5,46721,200101,12592,46965,40978,31667,77860,93333,76336,2088,29816,08313,11411,765101,4781,5771,551
490/1 6586174845841,117561673658794-678535522--2,490--
Balance sheet: equity and liabilities
10/49 80,968102,429110,343126,925118,334112,810106,41677,19967,36059,37743,74354,38930,66054,5796868,5662,4788,138
10/15 78,629101,110106,31097,54678,90572,02569,70669,27554,30449,15430,80331,86520,511-613732,569-246,353
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60012,40011,2006,2006,2006,200
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 -------------6,2007,40012,40012,40012,400
13 87,71087,71087,71078,94660,30551,10651,10650,67535,70430,55413,26513,2651,911153153153153153
130/1 ---1,8601,8601,860------------
130 ------1,8601,8601,8601,8601,8601,8601,860153153153153153
1311 ---1,8601,8601,860------------
133 87,71087,71087,71077,08658,44549,24649,24648,81533,84428,69411,40511,40551-----
14 -27,682-5,201---2,319-----1,062---12,614-10,980-3,784-6,377-
17/49 2,3391,3194,03229,38039,42840,78536,7107,92313,05610,22312,94022,52410,14954,6403135,9972,5021,785
17 ----3,88010,46016,952--1,3875,4409,338------
170/4 ----3,88010,46016,952--1,3875,4409,338------
42/48 2,3391,3194,03229,38030,74925,52519,7597,92313,0568,8367,50010,04210,14954,6403135,9972,5021,785
42 ---3,8806,5806,4926,405-1,3874,0533,8973,746------
44 1,050312,4817,4397,7604,6883434,1799,3332,7171,3854,0729,13443,924-4,9081081,465
440/4 1,050312,4817,4397,7604,6883434,1799,3332,7171,3854,0729,13443,924-4,9081081,465
46 ---------------376--
45 8759891,364-1,2861,284-1,450192-----53713-320
450/3 -9891,364-----192-----53713-320
454/9 875---1,2861,284-1,450----------
47/48 41429818718,06215,12213,06213,0102,2942,1442,0662,2182,2241,01510,716260-2,394-
492/3 ----4,8004,800-----3,144------
Income statement
70 1,80740,067104,298165,883122,48697,20999,646147,38893,331140,64984,833158,579179,07291,2676,84410,193--
76A 5635,754---------4,912------
9900 -22,619-16923,14734,32518,90011,54316,36023,80716,31332,8616,93023,78224,9612,160-6,9712,647-5,8401,129
60/61 28,51749,42785,195135,187106,93092,00983,502123,86477,228108,02678,113135,145154,30789,10713,8157,546--
630 1,0831,5579,4549,3448,4118,7148,9458,6768,8089,12910,62711,1855,4202,973225-225-
640/8 450598559577508506891281277529369894468384-54253995
66A -------------676----
9901 -24,152-2,32413,13424,4039,9822,3246,52414,8517,22823,203-4,06611,70319,073-1,197-7,1962,593-6,318134
75/76B 687127216409223231145213156572408404410291---20
75 687127216409223231145213156572408404410291---20
65/66B 5441901732613512699321343854065111152--591
65 5441901732613512699321343854065111152--591
9903 -23,519-2,23813,26024,6409,9432,2046,40014,9727,17123,337-4,19816,36819,372-1,634-7,1962,593-6,377153
67/77 -1,0382,9634,4956,0003,063-1145,969-2,0214,986-3,1365,0145,000-----
9904 -22,481-5,2018,76518,6406,8802,31943114,9725,15018,351-1,06211,35414,372-1,634-7,1962,593-6,377153
9905 -22,481-5,2018,76518,6406,8802,31943114,9725,15018,351-1,06211,35414,372-1,634-7,1962,593-6,377153
Appropriation of the result
9906 -27,682-5,2018,76518,6409,1992,31943114,9725,15017,289-1,06211,3541,758-12,614-10,980-3,784-6,377153
14P -5,201---2,319-------------
691/2 --8,76518,6409,199-43114,9725,15017,289-11,3541,758----153
6920 ------------1,707----153
6921 --8,76518,6409,199-43114,9725,15017,289-11,35451-----
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The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 30-06-2026 2026-00225052 PDF
31-12-2024 micro format 27-06-2025 2025-00212574 PDF
31-12-2023 micro format 26-07-2024 2024-00299767 PDF
31-12-2022 micro format 27-07-2023 2023-00289227 PDF
31-12-2021 micro format 13-07-2022 2022-20186987 PDF
31-12-2020 micro format 21-06-2021 2021-22400555 PDF
31-12-2019 abbreviated format 25-06-2020 2020-21700120 PDF
31-12-2018 micro format 25-07-2019 2019-38200436 PDF
31-12-2017 micro format 24-07-2018 2018-36800035 PDF
31-12-2016 micro format 03-07-2017 2017-26300534 PDF
31-12-2015 abbreviated format 07-07-2016 2016-29100038 PDF
31-12-2014 abbreviated format 02-07-2015 2015-26300233 PDF
31-12-2013 abbreviated format 01-07-2014 2014-25300570 PDF
31-12-2012 abbreviated format 12-07-2013 2013-30900220 PDF
31-12-2011 abbreviated format 27-07-2012 2012-35100572 PDF
31-12-2010 abbreviated format 27-07-2012 2012-35100570 PDF
31-12-2009 abbreviated format 22-10-2010 2010-59300447 PDF
31-12-2008 abbreviated format 20-08-2009 2009-59700003 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014201320122011201020092008
-23,070-76722,58833,74718,39211,03815,46923,52716,03632,3326,56122,88824,4931,776-6,971--6,093-
-21,398-3,64418,21927,98415,29111,0329,37623,64713,95827,4809,56522,53919,7921,339-6,971--6,152-
0059201,5525,70839,7061,4843,148-01,15539,0528,7089,1270-1,126-
-15,733-79,9258,65627,060-12,90710,5386,84427,170-2,44527,910-7,7852,9691,34911,755-1,468-9926-
74,80196,19999,84382,21662,91255,75352,12065,49943,33633,91310,4869,11811,069-6,215-3031,668-9256,353
--5.8%12.6%14.7%8.1%2.4%6.5%10.1%7.7%16.5%-4.8%7.4%10.7%-1.3%-25.4%--
97.1%98.7%96.3%76.9%66.7%63.8%65.5%89.7%80.6%82.8%70.4%58.6%66.9%-0.1%-30.0%-78.1%
32.9873.9225.763.803.053.183.649.274.324.842.401.912.090.89-1.28-4.56
32.9873.9225.763.802.903.183.649.274.324.842.401.912.090.89-1.28-4.56
0.030.010.040.300.500.570.530.110.240.210.420.710.49--2.33-0.28
-28.6%-5.1%8.2%19.1%8.7%3.2%0.6%21.6%9.5%37.3%-3.4%35.6%70.1%--100.9%-2.4%
-27.8%-5.1%7.9%14.7%5.8%2.1%0.4%19.4%7.6%30.9%-2.4%20.9%46.9%-3.0%-30.3%-1.9%
-427.21-18.70over 100over 10070.42-------------
166 days3 days7 days40 days61 days3 days12 days19 days74 days14 days14 days3 days10 days119 days-75 days--
13 days0 days11 days20 days26 days19 days2 days12 days44 days9 days6 days11 days22 days180 days-237 days--

EBIT margin. Not meaningful: turnover is only a small part of operating income.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets--€592-€1,552
€1,083€1,557€9,454€9,344€8,411

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MSC-PROJECTS

The operating result for 2025 is a loss of €24,152, larger than the loss of €2,324 in 2024. It is the lowest result since 2008.

Debt's share of the balance-sheet total rises from 1.3% to 2.9%. Equity is lower and debt is higher.

Next steps

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