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MSL

Active Private limited companyfounded 2012active for 13 yearsBoulevard Joseph Tirou 88, 6000 CharleroiKBO/BCE: BE 0501.737.745
MSL
Financial year 2025
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Annual accounts 2025

micro format, filed on 30-09-2026, 61 days late
€83,194
▼ 22.1%
€5,175
▼ 39.3%
-€1,901
▼ €3,167
-€85,229
▼ €13,579
-45.3%
▲ 17.0 percentage points
0.45
▲ 0.04

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

Turnover ≈ €300,000. Estimated: probably between €250,000 and €390,000.

Balance sheet

balance sheet total €105,917 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

-45.3%

Higher than 15% of 17,153 companies in 2025.

0.45

Higher than 22% of 16,579 companies in 2025.

-1.8%

Higher than 31% of 16,662 companies in 2025.

MSL Middle half of the sector 80% of the sector Micro accounts in food and beverage service (NACE 56)

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

Staff

€6,653

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

level

people who joined people who left

In 2025, 30 people joined and 30 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013
Balance sheet: assets
20/58 105,91774,03599,26581,13185,19596,090112,293150,018150,918172,862185,891186,799128,441
21/28 37,20425,52629,33938,29660,81683,024101,658121,353138,244159,775163,040147,84399,983
22/27 22,44410,76614,57923,53646,05668,26486,898106,593123,484145,015155,040147,84399,983
23 22,44410,76614,57923,53636,41348,48457,97068,02381,07294,12095,66379,98323,641
24 ----9,64219,78028,92738,57042,41250,89459,37767,85976,342
28 14,76014,76014,76014,76014,76014,76014,76014,76014,76014,7608,000--
29/58 68,71348,50969,92542,83524,38013,06610,63528,66512,67413,08822,85138,95728,458
3 40,60543,60522,75025,53015,6902,2102,9809,1403,4102,28511,12516,84517,840
30/36 40,60543,60522,75025,53015,6902,2102,9809,1403,4102,28511,12516,84517,840
40/41 22,0002,5001,000----6,0501,010-10,84816,765-
40 20,500------6,0501,010-10,8486,790-
41 1,5002,5001,000--------9,975-
54/58 6,1082,40446,17517,3058,69010,8567,65513,4758,25410,8038785,34710,618
Balance sheet: equity and liabilities
10/49 105,91774,03599,26581,13185,19596,090112,293150,018150,918172,862185,891186,799128,441
10/15 -48,026-46,125-47,391-27,618-15,356494-21,8763,021-22,116-12,348-24,93913,934-25,095
10/11 18,60018,60018,60018,60018,60018,60018,60018,60018,60018,6006,2006,2006,200
100 ------18,60018,60018,60018,60018,60018,60018,600
101 ----------12,40012,40012,400
11 -----18,600-------
1109/19 -----18,600-------
13 1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,860-
130/1 1,8601,8601,8601,8601,8601,860-------
130 ------1,8601,8601,8601,8601,8601,860-
1311 1,8601,8601,8601,8601,8601,860-------
14 -68,486-66,585-67,851-48,078-35,816-19,966-42,336-17,439-42,576-32,808-32,9995,874-31,295
17/49 153,942120,160146,655108,749100,55295,597134,169146,997173,035185,211210,830172,865153,536
17 ----------40,60940,609109,609
170/4 ----------40,60940,609109,609
42/48 153,942120,160146,655108,749100,55295,597134,169146,997173,035185,211170,221132,25643,926
42 ---------23,09017,39122,391-
43 ------------20,000
430/8 ------------20,000
44 31,42525,09748,91429,78325,92515,71043,24327,53057,12281,71976,42648,7796,186
440/4 31,42525,09748,91429,78325,92515,71043,24327,53057,12281,71976,42648,7796,186
45 50,27852,08659,26434,73920,40029,66026,69924,84520,86228,79331,66428,3465,241
450/3 50,27852,08659,26434,73920,40029,66026,69924,84520,86228,79322,33128,3465,241
454/9 ----------9,333--
47/48 72,23942,97738,47744,22754,22750,22764,22794,62395,05151,60844,74032,74012,500
Income statement
9900 83,194106,81186,26986,46851,86863,25674,51699,82573,63284,30371,448181,19457,745
62 74,51291,78281,47768,08936,27625,60861,79246,71655,62550,46278,099106,57961,700
630 3,3225,36411,73022,52025,55824,20023,02422,69121,53121,53120,42317,66111,109
640/8 1841,1412,8865,0061,1461,2066,2153,3094,1128,5269,83217,88816,204
66A ----------1,358--
9901 5,1758,525-9,824-9,147-11,11212,243-16,51527,109-7,6353,784-36,90639,066-31,268
75/76B ---2,771-14,590-------
75 ---2,771---------
76B -----14,590-------
65/66B 6,8767,2599,9495,4854,7384,4628,3821,9722,1339406093726
65 6,8767,2597,1845,4854,7384,4628,3821,9722,1339406093726
66B --2,765----------
9903 -1,7011,266-19,773-11,862-15,85022,370-24,89725,137-9,7682,845-38,87339,029-31,295
67/77 200--400-----2,654---
9904 -1,9011,266-19,773-12,262-15,85022,370-24,89725,137-9,768190-38,87339,029-31,295
9905 -1,9011,266-19,773-12,262-15,85022,370-24,89725,137-9,768190-38,87339,029-31,295
Appropriation of the result
9906 -68,486-66,585-67,851-48,078-35,816-19,966-42,336-17,439-42,576-32,808-32,9997,734-31,295
14P -66,585-67,851-48,078-35,816-19,966--------
691/2 -----------1,860-
6920 -----------1,860-
Social balance sheet
9087 11.29.3---1.51.81.81.8-2.632.1
Hours worked1013 3,4723,887---1,1992,2592,3892,459-4,0124,7573,322
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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 30-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00551576.

Financial year Type Filed Reference Document
31-12-2025 micro format 30-09-2026 2026-00551576 PDF
31-12-2024 micro format 07-10-2025 2025-00536345 PDF
31-12-2023 micro format 29-08-2024 2024-00415233 PDF
31-12-2022 micro format 29-08-2023 2023-00372254 PDF
31-12-2021 micro format 31-08-2022 2022-20398901 PDF
31-12-2020 micro format 30-08-2021 2021-59700597 PDF
31-12-2019 micro format 29-10-2020 2020-64700123 PDF
31-12-2018 micro format 30-09-2019 2019-66900127 PDF
31-12-2017 full format 31-08-2018 2018-57000388 PDF
31-12-2016 full format 30-08-2017 2017-51900193 PDF
31-12-2015 full format 31-08-2016 2016-55000010 PDF
31-12-2014 full format 27-08-2015 2015-53000569 PDF
31-12-2013 full format 29-08-2014 2014-53600110 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013
8,49713,8891,90613,37314,44636,4426,50949,80013,89525,315-16,48356,728-20,159
1,4216,630-8,04310,2599,70846,570-1,87347,82811,76321,721-18,45056,691-20,186
15,0001,5502,77403,3505,5663,3285,800022,15335,62165,521111,092
3,703-43,77128,8708,616-2,1673,201-5,8205,221-2,5499,925-4,469-5,271-
-85,229-71,651-76,730-65,914-76,172-82,530-123,534-118,333-160,360-172,123-147,370-93,299-15,469
-45.3%-62.3%-47.7%-34.0%-18.0%0.5%-19.5%2.0%-14.7%-7.1%-13.4%7.5%-19.5%
0.450.400.480.390.240.140.080.200.070.070.130.290.65
0.180.040.320.160.090.110.060.130.050.060.070.170.24
-------48.67---12.41-
-------832.2%---280.1%-
-1.8%1.7%-19.9%-15.1%-18.6%23.3%-22.2%16.8%-6.5%0.1%-20.9%20.9%-24.4%
1.241.910.272.443.05--------

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.

Social balance sheet

Item31-12-202531-12-2024
Employees at the balance-sheet date714
full-time00
part-time714
in full-time equivalents1.32.9
2.42.2
On a permanent contract01
Joined309
Left303
Training hours-0

Source: social balance sheet in the 2024 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€15,000€1,550€2,774-€3,350
€3,322€5,364€11,730€22,520€25,558

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

Insights on MSL

The operating result for 2025 is 39% lower than in 2024.

Equity is negative. Debt (€153,942) exceeds the balance-sheet total (€105,917).

Next steps

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