M.S. BUILD
ActiveThe computed 12-month bankruptcy probability of M.S. BUILD is 2.3% (moderate). The 2025 annual accounts show equity of €10k and a net result of €854. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 7293 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
78
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▼-56
Solvency100=
Growth52=
Stability94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 4.81 against 3.22 in 2024), and 20.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
79.2%
Return on assets
7%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 3 filingsDeviation from the deadline
2025
28 d late
2024
2 d early
2023
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▲ 9.7%
2024 · €9k
2023: €6k
2024: €9k
2023 → 2025
Total assets
€12k▼ 4.5%
2024 · €13k
2023: €10k
2024: €13k
2023 → 2025
Net result
€854▼ 65.4%
2024 · €2k
2023: €4k
2024: €2k
2023 → 2025
Working capital
€10k▲ 9.7%
2024 · €9k
2023: €6k
2024: €9k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€6k-€9k▲ 39.0%€10k▲ 9.7%
Operating result€4k-€3k▼ 41.0%€2k▼ 25.3%
Net result€4k-€2k▼ 42.9%€854▼ 65.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 25% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €12k
Equity
€10k▲ 9.7%
Debt
€3k▼ 36.1%
The debt ratio falls from 31.1% to 20.8%: equity grows while debt is paid down.
Key figures and ratios
Solvency
79.2%▲
2024 · 68.9%
Current ratio
4.81▲
2024 · 3.22
Quick ratio
4.81▲
2024 · 3.22
Debt / equity
0.26▼
2024 · 0.45
ROE
8.9%▼
2024 · 28.1%
ROA
7.0%▼
2024 · 19.4%
Debt
€3k▼
2024 · €4k
Debt ≤ 1 year
€3k▼
2024 · €4k
Income taxes
€1k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€13k€12k▼
Current assets29/58€13k€12k▼
Amounts receivable within one year40/41€5k-
Trade receivables40€4k-
Other amounts receivable41€744-
Cash at bank and in hand54/58€8k€12k▲
Equity and liabilities
Total equity and liabilities10/49€13k€12k▼
Equity10/15€9k€10k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€7k€8k▲
Amounts payable17/49€4k€3k▼
Amounts payable within one year42/48€4k€3k▼
Trade debts44€4k-
Suppliers440/4€4k-
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Income statement
Code20242025
Gross operating margin9900€3k€2k▼
Operating profit (loss)9901€3k€2k▼
Financial charges65/66B€135€-202▼
Recurring financial charges65€135€-202▼
Profit (loss) for the period before taxes9903€2k€2k▼
Income taxes67/77-€1k
Profit (loss) for the period9904€2k€854▼
Profit (loss) for the period to be appropriated9905€2k€854▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€8k▲
Profit (loss) brought forward from the previous period14P€4k€7k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €854 ▼65.4%
Net result drops to €854, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eversestraat 101932 ZaventemGround area
439 m²
Building footprint
451 m²
Volume, LiDAR
2,401 m³
2 parcels, Flanders · tallest building 12.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
M.S. BUILD
since 20232.342.227.029
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078C0103/00K000 | Flanders | 292 m² | 1 · 255 m² | 12.7 m · 1 fl. |
| 23078B0351/00G003 | Flanders | 147 m² | 1 · 196 m² | 10.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ZADA MARKET
BE 0738.981.929
Maasmechelen · Eq €10k
LJN CONSTRUCT
BE 0800.875.847
Vilvoorde · Eq €10k
VOEGWERKEN CONSTRUCT
BE 0845.503.270
Antwerpen · Eq €10k
BATIFEN
BE 0843.733.120
Sint-Jans-Molenbeek · Eq €10k
G-Infra
BE 0805.740.297
Zele · Eq €10k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,859. 9,028 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2023
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41003General construction of other non-residential buildings
43110Demolition
43120Site preparation
43130Specialised construction activities
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.