MSP Group
Annual accounts 2025
full format, standalone accounts, filed on 08-05-2026, 84 days before the deadlineThe company also files consolidated accounts, with the figures of the whole group.
Money flows
turnover is 39.3% of income in 2025Balance sheet
balance sheet total €112.3m on 31-12-2025in €m
in euro
Position in the sector
68.5%
Higher than 57% of 3,042 companies in 2025.
-0.5%
Higher than 21% of 3,034 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
112.3m | 115.7m | |
20 |
1.8m | 2.4m | |
21/28 |
103.4m | 103.4m | |
21 |
58,181 | 57,106 | |
28 |
103.4m | 103.4m | |
280/1 |
103.4m | 103.4m | |
280 |
103.4m | 103.4m | |
29/58 |
7.1m | 9.9m | |
40/41 |
6.9m | 9.7m | |
40 |
182,710 | 182,710 | |
41 |
6.7m | 9.5m | |
54/58 |
116,729 | 114,638 | |
490/1 |
21,573 | 38,891 | |
| Balance sheet: equity and liabilities | |||
10/49 |
112.3m | 115.7m | |
10/15 |
76.9m | 77.5m | |
10/11 |
80.4m | 80.4m | |
14 |
-3.5m | -2.9m | |
17/49 |
35.4m | 38.2m | |
17 |
32.0m | 34.7m | |
170/4 |
32.0m | 34.7m | |
173 |
32.0m | 34.7m | |
42/48 |
3.0m | 2.9m | |
42 |
2.7m | 2.7m | |
44 |
216,471 | 254,403 | |
440/4 |
216,471 | 254,403 | |
45 |
97,812 | - | |
454/9 |
97,812 | - | |
492/3 |
403,434 | 647,454 | |
| Income statement | |||
70/76A |
3.6m | 2.5m | |
70 |
1.8m | 2.1m | |
74 |
1.7m | 403,297 | |
60/66A |
2.7m | 2.7m | |
61 |
2.1m | 1.9m | |
630 |
663,886 | 813,330 | |
640/8 |
585 | 1,565 | |
9901 |
817,866 | -208,156 | |
75/76B |
457,705 | 630,869 | |
75 |
457,705 | 630,869 | |
751 |
457,705 | 630,866 | |
752/9 |
- | 3 | |
65/66B |
1.9m | 3.4m | |
65 |
1.9m | 3.4m | |
650 |
1.8m | 3.1m | |
652/9 |
93,104 | 221,775 | |
9903 |
-603,203 | -2.9m | |
9904 |
-603,203 | -2.9m | |
9905 |
-603,203 | -2.9m | |
| Appropriation of the result | |||
9906 |
-3.5m | -2.9m | |
14P |
-2.9m | - | |
| Document | |||
The notes to these accounts have 28 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 08-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 15,548 | 103.4m | ||
| 2,091 | - | ||
| 45.1% | -10.1% | ||
| 68.5% | 67.0% | ||
| -0.8% | -3.8% | ||
| -0.5% | -2.5% |
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.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 |
|---|---|---|
| Debts secured on the company's own assets | €34.7m | €37.3m |
| €56.5m | €56.5m |
Source: notes to the 2024 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Intangible fixed assets | €15,548 | €58,671 |
| Financial fixed assets | - | €103.4m |
| €663,886 | €813,330 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Auditor
fees| Item | 2025 | 2024 |
|---|---|---|
| Fee for the audit | €8,750 | €10,500 |
| Other work by the auditor | - | €14,000 |
Source: notes to the 2024 to 2025 annual accounts (relations with the auditor)
Group figures
consolidated accountsMSP Group heads a group. The consolidated accounts add up the company and its subsidiaries.
| Item | 2025 | 2024 |
|---|---|---|
| €76.8m | €76.9m | |
| -€4.1m | -€4.3m | |
| -€7.9m | -€9.5m | |
| €63.0m | €70.9m | |
| €125.1m | €133.4m |
Source: 2024 to 2025 consolidated accounts
Insights on MSP Group
The operating result for 2025 is a profit of €817,866, after a loss of €208,156 in 2024.
Debt's share of the balance-sheet total falls from 33.0% to 31.5%. Equity and debt are lower.