Financials
- Fiscal year
- 2025
- Total assets
- €2,400
- Loss
- -€19,963
- Solvency
- -305.4%
Total assets▼ 87.2%
Net result
20182025
M.S.
ActiveSummary
The computed 12-month bankruptcy probability of M.S. is 3.2% (moderate). The 2025 annual accounts show negative equity (-€7,330) and a net result of -€19,963. Equity is shrinking by ~30.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 21938 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Retail sale of bread and pastry (bakery outlets)
NACE 47241NACE 52240
1 site
Size
€2,400total assets 2025
- Equity
- -€7,330
- Loss
- -€19,963
Turnover not published (abridged schema)
Structure
Accounts filed 18 d late0 of 2 deeds read
Why 47- Loss of €19,963 (FY 2025)- Sector Retail trade (NACE 47)- Negative equity -€7,330+ Size: total assets €2,400Show the evidence
Checked score
Score 2025
47
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 5% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
0-92
equity -305.4% of total assets
Liquidity
0-86
short-term debt 405.4% · cash 0.1%
Profitability
0-56
return on assets -831.6%
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● 0.0% vs 11-2024
01-2025: 0.2%▲ +0.9% vs 12-2024
02-2025: 0.2%● 0.0% vs 01-2025
03-2025: 0.2%▼ -1.3% vs 02-2025
04-2025: 0.2%▲ +0.4% vs 03-2025
05-2025: 0.2%▼ -2.2% vs 04-2025lowest value
06-2025: 0.2%▲ +1.3% vs 05-2025
07-2025: 0.3%▲ +23.0% vs 06-2025
08-2025: 0.4%▲ +41.7% vs 07-2025
09-2025: 0.4%▲ +10.2% vs 08-2025
10-2025: 0.6%▲ +40.3% vs 09-2025
11-2025: 0.3%▼ -57.3% vs 10-2025
12-2025: 0.3%● 0.0% vs 11-2025
01-2026: 0.3%▼ -0.8% vs 12-2025
02-2026: 0.3%● 0.0% vs 01-2026
03-2026: 0.3%● 0.0% vs 02-2026
04-2026: 0.3%▼ -1.5% vs 03-2026
05-2026: 0.3%▼ -2.3% vs 04-2026
06-2026: 0.3%▲ +0.4% vs 05-2026
07-2026: 0.3%▲ +9.4% vs 06-2026
08-2026: 0.4%▲ +45.7% vs 07-2026
09-2026: 3.2%▲ +689% vs 08-2026highest value
10-2026: 3.2%● 0.0% vs 09-2026highest value
- Size: total assets €2,400 lowers the probability for this profile
- Loss of €19,963 (FY 2025) raises the probability
- Sector Retail trade (NACE 47) raises the probability
- Negative equity -€7,330 raises the probability
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 6%, liquidity 2%, profitability 6%, growth against the median 4%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€7,330
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
61 d late
2023
50 d late
2022
44 d late
2021
31 d late
2020
31 d late
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 37 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 13 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€19,963
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 18-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 30-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail sale of bread and pastry (bakery outlets)NACE 47241
- Founded
- 02-06-1994
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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