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MSG Consultancy

Active Private limited companyfounded 2008active for 17 yearsLuchterenkerkweg 15, 9031 GhentKBO/BCE: BE 0808.746.210
MSG Consultancy
Financial year 2025
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Annual accounts 2025

micro format, filed on 30-04-2026, on the day of the deadline
-€1,310
▲ €9,894
-€14,448
▲ €10,398
-€2,102
▲ €9,887
-€2,394
▲ €9,848
-262.7%
▼ 149.2 percentage points
0.09
▼ 0.02

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.

Money flows

no detail for 2025

Balance sheet

balance sheet total €20,526 on 30-09-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-262.7%

Lower than 95% of 4,362 companies in 2025.

0.09

Lower than 95% of 4,194 companies in 2025.

-71.8%

Lower than 95% of 4,224 companies in 2025.

MSG Consultancy Middle half of the sector 80% of the sector Micro accounts in other professional activities (NACE 74)

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

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
Balance sheet: assets
20/58 20,52634,53262,93399,79765,48559,63829,94628,50824,46820,53225,15930,86357,615149,468153,73562,12232,973
20 ----------------235
21/28 13,63625,98339,27252,69110,4106,9295861,082237651-915,98512,29117,06022,0502,586
21 --------------250500-
22/27 13,63625,98339,27252,69110,4106,9295861,082237651-915,98512,29116,81021,5502,351
24 13,63625,98339,27252,69110,4106,9295861,082237651-915,98512,29116,81021,5502,351
29/58 6,8908,54923,66147,10555,07652,71029,36027,42724,23119,88125,15930,77251,630137,177136,67540,07230,387
40/41 3,7811,61991455701,2293382,0467,5462,8561,0962,0801,9832,7091,14110,2753,519
40 3,772812735-0128-2,0467,1462,5721,0968701,3671482207,03456
41 880717955701,101338-400284-1,2106162,5629213,2403,463
54/58 2,3436,16522,41746,22055,07651,48129,02225,38116,68617,02624,06428,50149,647131,163120,53429,79826,867
490/1 767765330328-------191-3,30515,000--
Balance sheet: equity and liabilities
10/49 20,52634,53262,93399,79765,48559,63829,94628,50824,46820,53225,15930,86357,615149,468153,73562,12232,973
10/15 -53,920-39,1792,12124,99324,99324,9931,3832,486-2217,15813,46424,17846,299128,76790,90139,96924,652
10/11 2,4002,40018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60012,40012,400
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ---------------6,2006,200
13 1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
130/1 1,8601,8601,8601,8601,8601,860-----------
130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
1311 1,8601,8601,8601,8601,8601,860-----------
14 -58,180-43,439-18,3394,5334,5334,533-19,077-17,974-20,681-13,302-6,9963,71825,839108,30770,44125,70910,392
17/49 74,44673,71160,81374,80440,49234,64528,56326,02324,69013,37411,6956,68511,31620,70162,83522,1548,321
42/48 73,20973,71158,57073,71539,63333,89028,56326,02324,69013,37411,6956,27711,31620,70162,83522,1548,321
44 731302981,1191,8811,0313661,3275,0993951,0464685952,13313,0813,246715
440/4 731302981,1191,8811,0313661,3275,0993951,0464685952,13313,0813,246715
45 16811715411,7054,237--822925-42510914116,96624,1739-
450/3 16811715411,7054,237--822925-42510914116,9661739-
454/9 --------------24,000--
47/48 72,96873,46458,11960,89133,51532,85928,19723,87518,66612,97810,2255,70010,5801,60225,58118,8987,606
492/3 1,238-2,2421,089859755-----407-----
Income statement
70 --------------173,646--
9900 -1,310-11,203-6,23151,07930,49526,4756295,345-5,948-5,339-10,165-14,709-23,44162,22375,00231,82721,116
60/61 --------------101,742--
62 --020491190-----------
630 12,34712,85813,4199,7031,85666567831141459915,8956,5786,9987,0396,5911,489
640/8 7927856891,0825107587651,6288057427401,0761,2151,030953229112
66A ----0200118----------
9901 -14,448-24,846-20,33940,08928,03724,662-9343,405-7,168-6,140-10,996-21,679-31,23354,19567,01025,00819,515
75/76B 168429012323214681731,1527817462021
75 168429012323214681731,1527817462021
65/66B 1661952,4091,273994917171314143116140522122-1651-
65 1661952,4091,273994917171314143116140522122-1651-
9903 -14,598-24,957-22,71938,81727,04423,748-1,1023,093-7,308-6,234-10,668-22,028-30,20354,97667,59025,20819,516
67/77 14314215411,7052,902137038672724693-117,10920,4589,8917,264
9904 -14,741-25,100-22,87327,11224,14123,610-1,1032,707-7,380-6,306-10,714-22,121-30,20337,86747,13215,31712,252
9905 -14,741-25,100-22,87327,11224,14123,610-1,1032,707-7,380-6,306-10,714-22,121-30,20337,86747,13215,31712,252
Appropriation of the result
9906 -58,180-43,439-18,33931,64528,6744,533-19,077-17,974-20,681-13,302-6,9963,71878,105108,30772,84125,70912,252
14P -43,439-18,3394,5334,5334,533------------
691/2 ----------------1,860
6920 ----------------1,860
694/7 --027,11224,141-------52,266-2,400--
694 ------------52,266-2,400--
695 --027,11224,141------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 12 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 30-04-2026.

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
30-09-2025 micro format 30-04-2026 2026-00097010 PDF
30-09-2024 micro format 30-04-2025 2025-00081781 PDF
30-09-2023 micro format 12-04-2024 2024-00062048 PDF
30-09-2022 micro format 04-04-2023 2023-00053020 PDF
30-09-2021 micro format 11-07-2022 2022-20178349 PDF
30-09-2020 abbreviated format 26-03-2021 2021-09000419 PDF
30-09-2019 abbreviated format 31-03-2020 2020-08500351 PDF
30-09-2018 abbreviated format 02-04-2019 2019-09100218 PDF
30-09-2017 abbreviated format 30-03-2018 2018-09400042 PDF
30-09-2016 abbreviated format 07-04-2017 2017-09200583 PDF
30-09-2015 abbreviated format 29-03-2016 2016-08900018 PDF
30-09-2014 abbreviated format 30-03-2015 2015-07700438 PDF
30-09-2013 abbreviated format 31-03-2014 2014-08700142 PDF
30-09-2012 abbreviated format 26-04-2013 2013-10300460 PDF
30-09-2011 abbreviated format 26-04-2012 2012-09800204 PDF
30-09-2010 abbreviated format 21-04-2011 2011-09000078 PDF
30-09-2009 abbreviated format 26-03-2010 2010-07700138 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009
-2,102-11,989-6,92049,79329,89325,326-2553,716-6,754-6,080-10,905-15,784-24,65661,19374,04931,59921,004
-2,394-12,242-9,45436,81525,99724,275-4243,018-6,966-6,247-10,623-16,226-23,62544,86554,17121,90813,740
0-431051,9855,3377,2083001,1560710002722,2292,05026,0553,135
-3,822-16,252-23,803-8,8563,59422,4593,6428,695-340-7,038-4,437-21,146-81,51610,63090,7362,930-
-66,319-65,162-34,909-26,60915,44318,8207971,404-4586,50813,46424,49440,314116,47673,84017,91922,065
--------------38.6%--
-262.7%-113.5%3.4%25.0%38.2%41.9%4.6%8.7%-0.9%34.9%53.5%78.3%80.4%86.2%59.1%64.3%74.8%
0.090.120.400.641.391.561.031.050.981.492.154.904.566.632.181.813.65
--28.682.991.621.3920.6510.47-1.870.870.280.240.160.690.550.34
---108.5%96.6%94.5%-79.7%108.9%--88.1%-79.6%-91.5%-65.2%29.4%51.9%38.3%49.7%
-71.8%-72.7%-36.3%27.2%36.9%39.6%-3.7%9.5%-30.2%-30.7%-42.6%-71.7%-52.4%25.3%30.7%24.7%37.2%
-12.65-61.56-2.8739.1330.06------------
--------------0 days--
--------------47 days--

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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
Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Tangible fixed assets---€51,985€5,337
Intangible fixed assets----€0
Financial fixed assets----€0
€12,347€12,858€13,419€9,703€1,856

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

Insights on MSG Consultancy

The operating result for 2025 is a loss of €14,448, smaller than the loss of €24,846 in 2024.

Equity is negative. Debt (€74,446) exceeds the balance-sheet total (€20,526).

Next steps

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