Financials
- Fiscal year
- 2025
- Total assets
- €140,400
- Profit
- €37,167
- Solvency
- 18.7%
Total assets▲ 31.5%
Net result
20182025
M.S.A.
ActiveSummary
M.S.A. has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,213 and a net result of €37,167. Equity is shrinking by ~30.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 20% of 115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
What they do
Logging
NACE 02200
1 site
How big
€140,400total assets 2025
- Equity
- €26,213
- Profit
- €37,167
Turnover not published (abridged schema)
Who decides
Accounts filed 25 d late0 of 3 deeds read
Why 65- Name on a sanctions list- Higher-failure-rate region- Weak solvency vs sector+ Lower-failure-rate sector+ Long track record+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+88
Solvency44▲+29
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.38 in 2024; short-term debt: 81.3% and cash: 5.7% of total assets), and 81.3% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Forestry and logging (NACE 02)
about 55% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.7%
Return on assets
26.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 115 sector peers (2025).
NBB · sector comparisonPosition among 115 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
26 d late
2023
30 d late
2022
24 d late
2021
9 d late
2020
30 d late
2019
25 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 24 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% 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 25 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
Name match with a sanctions list
1 entryS M A
A name match is not a finding that this company itself is on the list; check the entry at the source.
- Annual accounts filedfiscal year 2025 · abbreviated…
- Back to profitnet €37,167
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
By topic
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 25-08-2026Annual accounts filed
- 31-12-2025Back to profit
- 26-08-2025Annual accounts filed
Support & recognitions
- Recognitions
- 1 register
- FASFC
- 1authorised site
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- LoggingNACE 02200
- Founded
- 07-02-2013
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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