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MSD

Active Public limited companyfounded 2020active for 6 yearsSterrestraat 90B, 8700 TieltKBO/BCE: BE 0746.993.238 subsidiary of LDL GROUP HOLDING

Overview

Lifetime

5 annual accounts with figures on one time axis
peak €31,386 (2023)
€9,585▲ 75.9%
lowest -€42,173 (2021)
€8,374▲ 88.7%
peak €50,218 (2025)
€50,218▲ 20.0%
€42,275unchanged
peak 0.4 FTE (2021)
0 FTE 
Board6 names since 2020
2 directorsLDL GROUP HOLDING and 1 other
Owners
Documentsfilings and deeds
27-01-20264 days before the deadline
2025abbreviated format
Gross margin from €5,448 to €9,585Result from €4,437 to €8,374Registered office moved from Beveren-Kruibeke-Zwijndrecht to… 30-12Equity from €41,844 to €50,218Cash from €217 to €1,861

Key points

from the 2025 annual accounts

Turnover

≈ €60,000 estimated

The abbreviated format states no turnover.

Filings

5 annual accounts since 2021
deadline20222024

The last five annual accounts were filed 3 to 41 days before the end of the period.

Board

3 joined · 2 left

Board changed. Latest change 01-04-2026 · 3 in office.

Checked score

55
Fair
Financially stronger than 59% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.4% across 26,895 companies (NACE 46, micro).

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.6% 01-2025: 1.8%▲ +0.2 percentage points vs 12-2024 02-2025: 1.8%● unchanged vs 01-2025 03-2025: 1.8%● unchanged vs 02-2025 04-2025: 1.8%● unchanged vs 03-2025 05-2025: 1.7%▼ -0.1 percentage points vs 04-2025 06-2025: 1.7%● unchanged vs 05-2025 07-2025: 1.7%● unchanged vs 06-2025 08-2025: 1.7%● unchanged vs 07-2025 09-2025: 1.6%▼ -0.1 percentage points vs 08-2025 10-2025: 1.6%● unchanged vs 09-2025 11-2025: 1.7%▲ +0.1 percentage points vs 10-2025 12-2025: 1.6%▼ -0.1 percentage points vs 11-2025 01-2026: 3.2%▲ +1.6 percentage points vs 12-2025highest value 02-2026: 1.8%▼ -1.4 percentage points vs 01-2026 03-2026: 1.8%● unchanged vs 02-2026 04-2026: 1.8%● unchanged vs 03-2026 05-2026: 1.8%● unchanged vs 04-2026 06-2026: 1.8%● unchanged vs 05-2026 07-2026: 1.8%● unchanged vs 06-2026 08-2026: 1.5%▼ -0.3 percentage points vs 07-2026lowest value 09-2026: 1.5%● unchanged vs 08-2026lowest value 10-2026: 2.0%▲ +0.5 percentage points vs 09-2026 11-2026: 2.0%● unchanged vs 10-2026

Financial strength
Strong

79+4equity 54.3% of total assets
30+5short-term debt 45.7% · cash 2.0%
80+5return on assets 9.1%

Score breakdown

raises risk
1 change of registered office in 24 months
Founded in 2020
Size: total assets €92,493
Liquidity: current ratio 2.19, cash €1,861
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 61% of them on solvency, 28% on liquidity, 73% on profitability and 76% on growth.

The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-06-2025.

Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 26,972 companies had the same profile as MSD has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of MSD itself is higher: 2.0% within 12 months. It rests on far more data about MSD than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 26,972 companies, not a prediction for MSD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €2,500 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.19 (1.98 in 2024), above the usual 1.5. Short-term debt is 45.7% and cash 2% of total assets. 45.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
raises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Founded in 2020
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: total assets €92,493
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 2.19, cash €1,861
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
4 days early
2024
39 days early
2023
15 days early
2022
41 days early
2021
3 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 20 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 16 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end07-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

LG
Managing director, Frank Lampole
BG
Director
SN
Director
Board & ownership

Recent changes

3 directors appointed, 3 resignations Resignations: LDL GROUP HOLDING NV (managing director), HEIDI DE VLIEGHER and PHILIPPE DE WULF · Appointments: Sarah Norton, Ben Gujral and LDL GROUP HOLDING NV (managing director) · General meeting of 11-02-2026 · Gazette deed
Permanent representative: Frank Lampole LDL Group Holding holds all the shares · Board meeting of 27-12-2025 · Gazette deed
Registered office moved from Beveren-Kruibeke-Zwijndrecht to Aarsele New registered office: Sterrestraat 90B, 8700 Aarsele · Previous registered office: Gentseweg 309D bus 10, 9120 Beveren-Kruibeke-Zwijndrecht · Board meeting of 19-11-2025 · Gazette deed
Resignation: Arne Rothbart (managing director) Permanent representative: Frank Lampole · Director discharge: Arne Rothbart · General meeting of 20-09-2021 · Gazette deed
All 12 events

Comparable companies

same main activity, similar in size and age
Company
MSD Tielt €92,493 €9,585 54.3% 0
ANGUS GRAND CRU Kortrijk €55,096 €21,230 57.1% 0
Your Service Devliegere Bruges €86,308 €18,110 83.9% 0
Vive Loko Waregem €78,827 €9,013 21.2% -
GULLWING INVESTMENTS Avelgem €76,466 €8,608 1.1% -
BERILO Wevelgem €110,268 €9,365 26.0% -
New Capital Point Antwerp €364,844 €8,634 20.2% 0

These companies have the same main activity as MSD: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €55,100 and €365,000, founded between 2017 and 2024.

Official details

Source: KBO
Status
Active since 18-05-2020Normal situation
Activity
Agents in non-specialised wholesale tradeNACE 46190and 5 others
Establishment unit
2.302.471.9748700 Tielt, since 18-05-2020
Financial year end
30 June
Peppol
Not found in the Peppol Directory
Company details

Annual accounts to 30-06-2025

€9,585▲ 75.9%
€8,374▲ 88.7%
€50,218▲ 20.0%
€92,493▲ 10.0%
Filing
Filed on 27-01-2026, 4 days before the end of the filing period
Financials

Insights on MSD

MSD files the abbreviated format. That format states no turnover. The gross margin rose from -€9,203 in 2021 to €9,585 in 2025.

LDL GROUP HOLDING holds 67.5% of the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 27-01-2026, 4 days before the deadline
€9,585
▲ 75.9%
€8,672
▲ 83.5%
€8,374
▲ 88.7%
€50,217
▲ 20.6%
54.3%
▲ 4.6 percentage points
2.19
▲ 0.20

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €60,000. Estimated: probably between €36,000 and €130,000.

Balance sheet

balance sheet total €92,493 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

54.3%

Higher than 61% of 9,886 companies in 2025.

2.19

Higher than 61% of 9,650 companies in 2025.

9.1%

Higher than 72% of 9,765 companies in 2025.

MSD Middle half of the sector 80% of the sector Abbreviated accounts in wholesale trade (NACE 46)

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

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021
Balance sheet: assets
20/58 92,49384,11979,89162,26350,370
21/28 1208415622830
22/27 1208415622830
24 1208415622830
29/58 92,49383,91179,47561,64049,540
3 14,66614,66617,49635,23237,730
30/36 14,66614,66617,49635,23237,730
40/41 75,48468,31559,8676,3738,792
40 56,24028,3662,0582,993-
41 19,24439,94957,8093,3808,792
54/58 1,8612171,41018,7691,903
490/1 4827137021,2671,115
Balance sheet: equity and liabilities
10/49 92,49384,11979,89162,26350,370
10/15 50,21841,84437,4075,68619,827
10/11 62,00062,00062,00062,00062,000
10 62,00062,00062,00062,000-
100 62,00062,00062,00062,00062,000
14 -11,782-20,156-24,593-56,314-42,173
17/49 42,27542,27542,48456,57730,542
42/48 42,27542,27542,48456,57730,542
44 1,4211,4211,62915,7228,618
440/4 1,4211,4211,62915,7228,618
45 ---070
450/3 ---070
47/48 40,85440,85440,85440,85421,854
Income statement
9900 9,5855,44831,386-13,378-9,203
62 -0-1,14861230,459
630 2072072072071,828
640/8 7055164840853
9901 8,6724,72531,843-14,197-42,343
75/76B -0094249
75 -0094249
65/66B 298288122399
65 298288122399
9903 8,3744,43731,721-14,141-42,103
67/77 ---070
9904 8,3744,43731,721-14,141-42,173
9905 8,3744,43731,721-14,141-42,173
Appropriation of the result
9906 -11,782-20,156-24,593-56,314-42,173
14P -20,156-24,593-56,314-42,173-
Social balance sheet
9087 000-0.4
Hours worked1013 ----652
Document PDFPDFPDFPDFPDF

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 27-01-2026.

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
30-06-2025 abbreviated format 27-01-2026 2026-00014892 PDF
30-06-2024 abbreviated format 23-12-2024 2024-00623295 PDF
30-06-2023 abbreviated format 16-01-2024 2024-00002090 PDF
30-06-2022 abbreviated format 21-12-2022 2022-20542279 PDF
30-06-2021 abbreviated format 28-01-2022 2022-02300518 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021
8,8804,93232,050-13,989-40,515
8,5814,64431,928-13,934-40,345
00001,036
1,644-1,194-17,35916,865-
50,21741,63636,9925,06418,998
54.3%49.7%46.8%9.1%39.4%
2.191.981.871.091.62
1.841.641.460.470.39
0.841.011.149.951.54
16.7%10.6%84.8%-248.7%-212.7%
9.1%5.3%39.7%-22.7%-83.7%
29.7917.12over 100-360.37-

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.

Insights on MSD

The operating result for 2025 is 84% higher than in 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 50.3% to 45.7%. Equity is higher.

Board & ownership

Board

3 directors, 1 in day-to-day management, last change in April 2026
Director
appointed by deed of 01-04-2026
Director and managing director, permanent representative Frank Lampole
appointed by deed of 01-04-2026
also on the board of 13 other companies
Director
appointed by deed of 01-04-2026
LDL GROUP HOLDING
Permanent representatives 1
Frank Lampole
Permanent representative, for LDL GROUP HOLDING
appointed by deed of 01-04-2026

Office holders in the KBO →

Mandates through the years

6 names, the dashed line is today
LDL GROUP HOLDING
Director, Managing director
Ben Gujral
Director
Sarah Norton
Director
Arne Rothbart
Managing director
LeadershipBoardEarliermandate already running before its first mention
Mandates as a list
  • LDL GROUP HOLDING
    • Director, from 14-05-2020 to date
    • Managing director, since before 01-04-2026
  • Ben Gujral
    • Director, appointed by deed of 01-04-2026, still in office
  • Sarah Norton
    • Director, appointed by deed of 01-04-2026, still in office
  • HEIDI DE VLIEGHER
    • Director, until 01-04-2026
  • Philippe DE WULF
    • Director, from 14-05-2020 to 01-04-2026
  • Arne Rothbart
    • Director, until 20-09-2021
    • Managing director, until 20-09-2021

See the board, name and registered office on a given date →

Control

Parent
Equity €1.6m
Loss €348,174 in 2025 (profit €617,761 in 2024)
67.5%
This company
MSD
Equity €50,218
Profit €8,374 in 2025

Capital

Capital
€62,000
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
Owners as a list

Source: lists of holdings in the owners' accounts

Capital transactions

Shareholders according to the deeds
Stated in the deed deed of 23-02-2026 ↗
  • LDL Group Holding all shares

Network & group

Group

LDL GROUP HOLDING has 23 holdings in 4 countries (accounts to 30-06-2025), the bar shows equity in euros
ParentLDL GROUP HOLDING23 holdings, 4 countries accounts to 30-06-2025

Belgium 18 Year Equity Result

Europe 5 Year Equity Result

  • NL Wasexperts BV85% 2025€1.6m result €317,360 (2025)
  • FR Aqualys40% 2025€993,640 result €442,840 (2025)
  • NL Tiboss50% 2023€175,158 result €55,698 (2023)
  • FR Hydrolease50% 2018€123,407 result €10,086 (2018)
  • GB Washstation80% 2025GBP 684,673 result -GBP 425,704 (2025)

Source: list of holdings in the 30-06-2025 accounts of LDL GROUP HOLDING. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.

Part of the group LDL GROUP HOLDING Group, risk and exposure

At the same address

Sterrestraat 90B, 8700 Tielt · 7 other companies
LAMBERT, DRY CLEANING AND LAUNDRY EQUIPMENT
registered office since 21-02-2002 · founded in 2002 · group LDL GROUP HOLDING
54 FTE (2025)
0476.692.642
Jade Rent
registered office since 17-07-2019 · founded in 2019 · group LDL GROUP HOLDING
0.9 FTE (2025)
0730.787.706
LAVOIR DU PARUCK
registered office since 02-02-1989 · founded in 1989 · group LDL GROUP HOLDING
2.5 FTE (2025)
0436.672.224
ADL Holding
registered office since 10-03-2020 · founded in 2020 · group LDL GROUP HOLDING
total assets €1.0m (2025)
0744.914.864
ARDA Technics
registered office since 29-09-2009 · founded in 2009
4.1 FTE (2025)
0819.522.811
Hotel & Leisure Management
registered office since 22-05-2024 · founded in 2024
total assets €67,763 (2025)
1009.586.094
Benelux Laundry Solutions
registered office since 17-02-2022 · founded in 2022 · group LDL GROUP HOLDING
total assets €46,661 (2025)
0782.300.248

Earlier ties

Devapo Belgium
via LDL GROUP HOLDING, no longer at Devapo Belgium · Director (not named in the articles) · deed of 08-07-2021
founded in 2021 · negative equity (2025)
total assets €50,627 (2025)
JADE
via LDL GROUP HOLDING, no longer at JADE · Director · deed of 20-03-2026
founded in 1998 · group LDL GROUP HOLDING
9.5 FTE (2025)
Jade Holding
via LDL GROUP HOLDING, no longer at Jade Holding · Managing director · deed of 20-03-2026
founded in 2019 · group LDL GROUP HOLDING
1 FTE (2025)
UNIBEL TECH
via LDL GROUP HOLDING, no longer at UNIBEL TECH · Director · deed of 01-04-2026
founded in 1998 · group LDL GROUP HOLDING
1.5 FTE (2025)
ADL Holding
via LDL GROUP HOLDING, no longer at ADL Holding · Managing director · deed of 15-04-2026
founded in 2020 · group LDL GROUP HOLDING
total assets €1.0m (2025)
RSC
via LDL GROUP HOLDING, no longer at RSC · Director · deed of 20-03-2026
founded in 2022 · group LDL GROUP HOLDING
5.2 FTE (2025)

Connections & network

10 connected companies
Linked via shared directors
LAMBERT, DRY CLEANING AND LAUNDRY EQUIPMENT
via LDL GROUP HOLDING · Director · deed of 01-04-2026
Founded in 2002 · 54 FTE (2025) · group LDL GROUP HOLDING
→
LAUNDRY RENTAL SOLUTIONS
via LDL GROUP HOLDING · Director · deed of 01-04-2026
Founded in 2002 · total assets €15.8m (2025) · group LDL GROUP HOLDING
→
LDL Coin
via LDL GROUP HOLDING · Director · deed of 01-04-2026
Founded in 2006 · 0.9 FTE (2025) · group LDL GROUP HOLDING
→
LDL Rent
via LDL GROUP HOLDING · Managing director · deed of 01-04-2026
Founded in 2002 · 0.9 FTE (2025) · group LDL GROUP HOLDING
→
Show 6 more companies with a shared director
Texprofin
via LDL GROUP HOLDING · Director · deed of 21-10-2022
Founded in 2020 · 4 FTE (2025)
→
LAVOIR DU PARUCK
via LDL GROUP HOLDING · Director · deed of 01-04-2026
Founded in 1989 · 2.5 FTE (2025) · group LDL GROUP HOLDING
→
The Laundry Market
via LDL GROUP HOLDING · Director · deed of 01-04-2026
Founded in 2003 · total assets €1.4m (2025) · group LDL GROUP HOLDING
→
ARDA Technics
via LDL GROUP HOLDING · Managing director · deed of 01-04-2026
Founded in 2009 · 4.1 FTE (2025)
→
LOFT-WASH
via LDL GROUP HOLDING · Director · deed of 28-05-2026
Founded in 2018 · total assets €463,351 (2025) · group LDL GROUP HOLDING
→
Benelux Laundry Solutions
via LDL GROUP HOLDING · Director (not named in the articles) · deed of 21-02-2022
Founded in 2022 · total assets €46,661 (2025) · group LDL GROUP HOLDING
→

Timeline

Timeline

12 events since 2020

Deadline for the 2026 accounts: 31-01-2027

2026
3 directors appointed, 3 resignationsResignations: LDL GROUP HOLDING NV (managing director), HEIDI DE VLIEGHER and PHILIPPE DE WULF · Appointments: Sarah Norton, Ben Gujral and LDL GROUP HOLDING NV (managing director) · General meeting of 11-02-202610 points ▸

Open the deed in the Belgian Official Gazette

Permanent representative: Frank LampoleLDL Group Holding holds all the shares · Board meeting of 27-12-20253 points ▸
  • Board meeting, 27-12-2025
  • Permanent representative, Frank Lampole (managing director)
  • LDL Group Holding holds all the shares
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed PDFabbreviated format · 4 days before the deadline
2025
Registered office moved from Beveren-Kruibeke-Zwijndrecht to AarseleNew registered office: Sterrestraat 90B, 8700 Aarsele · Previous registered office: Gentseweg 309D bus 10, 9120 Beveren-Kruibeke-Zwijndrecht · Board meeting of 19-11-20252 points ▸
  • Board meeting, 19-11-2025
  • Registered-office move, Sterrestraat 90B, 8700 Aarsele

Open the deed in the Belgian Official Gazette

2024
Annual accounts 2024 filed PDFabbreviated format · 39 days before the deadline
Annual accounts 2023 filed PDFabbreviated format · 15 days before the deadline
2023
Back to profit net €31,721 The net result is €31,721, after 2 loss-making years.
2022
Annual accounts 2022 filed PDFabbreviated format · 41 days before the deadline
Annual accounts 2021 filed PDFabbreviated format · 3 days before the deadline
2021
Resignation: Arne Rothbart (managing director)Permanent representative: Frank Lampole · Director discharge: Arne Rothbart · General meeting of 20-09-20216 points ▸
  • General meeting, 20-09-2021
  • Director resignation, Arne Rothbart
  • Director discharge, Arne Rothbart
  • Board meeting, 20-09-2021
  • Director resignation, Arne Rothbart (managing director)
  • Permanent representative, Frank Lampole

Open the deed in the Belgian Official Gazette

2020
Incorporation PDFpublished on 20-05-2020
First establishment Sterrestraat 90B, Tielt

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MSD was incorporated on 18 May 2020 as a public limited company.1 The registered office was moved to Aarsele in 2025.2 Total assets rose from €50,370 in 2021 to €92,493 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 30-12-2025
  3. 3National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0746.993.238
VAT number
BE 0746.993.238
Legal form
Public limited company
Status
Active, normal situation
Founded
18-05-2020
Financial year
ends on 30 June
Peppol
Not found in the Peppol Directory
Name
MSD in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
Codes under NACEBEL 2008
46190 Wholesale trade main activity
46471 Wholesale trade
46742 Wholesale trade
47521 Retail trade
47527 Retail trade
77291 Rental and leasing activities

Registered office and establishments

1 establishment
Establishment Since Unit number
Sterrestraat 90B registered office 8700 Tielt 18-05-2020 2.302.471.974
1 former office
  • Gentseweg 309D bus 10, 9120 Beveren-Kruibeke-Zwijndrecht until 19-11-2025 · deed of 30-12-2025

Buildings and parcels at the address

Ground area
6,837 m²
Buildings
1,233 m²
Volume, LiDAR
394 m³
Tallest building
6.0 m
Buildings to scale, each on its own parcel
1,233 m², 6.0 m 1,233 m², 6.0 m

Location

registered office establishment The establishment unit on the map
8 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
37001A0630/00L0006,837 m² 1 · 1,233 m² 6.0 m

Invoicing and payment

E-invoicing via Peppol

Being listed in the Peppol Directory is voluntary, so the company can still receive invoices via Peppol.

Invoicing without a Peppol listing

Try sending from your invoicing software. If that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance

Follow this company and you will hear the next morning if it appears in the Peppol register.

Register as of 7 November 2026 · Peppol Directory