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M.S.C.A.C.

Active
Private limited companyfounded 1992active for 33 yearsCorbeillestraat 40, 2235 Hulshout, Belgium52 active companies are registered at this addressKBO/BCE: BE 0449.031.905
Summary

M.S.C.A.C. has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €527,921 and a net result of -€88,467. Equity is shrinking by about 43% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 57% of 879 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
M.S.C.A.C.ActiveChecked score 85/100
Risk analysis ReportCompare

Overview

Activity
Guest rooms (bed and breakfast)
NACE 55204
2nd largest company by total assets in Hulshout, Accommodation and food service sector3 sites
Size
€1.5mtotal assets 2025
Staff
1.3 FTE
Equity
€527,921
Loss
-€88,467
Turnover not published (abbreviated format)Total assets +72%: capital increase
Financial health
85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
VLINVESTA · 100%
Auditor: Finvision Bedrijfsrevisoren2025 accounts 16 days early3 of 12 deeds summarised
Why 85raises riskLoss of €88,467, the second in a row (financial year 2025)Liquidity: current ratio 0.96, cash €15,793lowers riskFounded in 1992Size: 1.3 FTE, total assets €1.5mShow the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 50% of its sector peers (NACE 55, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 60+60
equity 34.6% of total assets
Liquidity 22+19
short-term debt 56.6% · cash 1.0%
Profitability 20+17
return on assets -5.8%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (2,515 companies, NACE 55, micro)
Last 24 months 11-2024: 2.5% 12-2024: 2.5%● unchanged vs 11-2024 01-2025: 2.5%● unchanged vs 12-2024 02-2025: 2.5%● unchanged vs 01-2025 03-2025: 2.5%● unchanged vs 02-2025 04-2025: 2.5%● unchanged vs 03-2025 05-2025: 2.5%● unchanged vs 04-2025 06-2025: 2.2%▼ -0.3 percentage points vs 05-2025 07-2025: 2.3%▲ +0.1 percentage points vs 06-2025 08-2025: 3.2%▲ +0.9 percentage points vs 07-2025highest value 09-2025: 3.2%● unchanged vs 08-2025highest value 10-2025: 3.2%● unchanged vs 09-2025highest value 11-2025: 3.2%● unchanged vs 10-2025highest value 12-2025: 3.2%● unchanged vs 11-2025highest value 01-2026: 2.9%▼ -0.3 percentage points vs 12-2025 02-2026: 2.9%● unchanged vs 01-2026 03-2026: 2.9%● unchanged vs 02-2026 04-2026: 2.8%▼ -0.1 percentage points vs 03-2026 05-2026: 2.8%● unchanged vs 04-2026 06-2026: 2.7%▼ -0.1 percentage points vs 05-2026 07-2026: 2.8%▲ +0.1 percentage points vs 06-2026 08-2026: 0.3%▼ -2.5 percentage points vs 07-2026lowest value 09-2026: 0.3%● unchanged vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026lowest value
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.96, compared with 0.12 in 2024, below 1; short-term debt: 56.6% and cash: 1% of total assets), and 65.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, micro): better than 60% on solvency, 20% on liquidity, 23% on profitability and 97% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1992
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Loss of €88,467, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Size: 1.3 FTE, total assets €1.5m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.96, cash €15,793
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
16 days early
2024
21 days early
2023
12 days early
2022
31 days early
2021
23 days early
2020
23 days early
2019
21 days early
← 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 21 days before the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Equity above €500,000equity €527,921
  3. Appointments: VLINVESTA (director) and HEYLEN Christiane…Permanent representative: VAN LOO Johan…

Key points

  • Risk: 8 loss-making years in a rowloss financial year 2025 -€88,467 View
  • Caution: Among the weakest 16% on net resultsector median €6,798 · 879 companies -€88,467 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by VLINVESTA 100% View

By topic

Financials

Financial year
2025
Total assets
€1.5m
Loss
-€88,467
Solvency
34.6%
Total assets▲ 71.9%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Parent
VLINVESTA · 100%
Auditor
Finvision Bedrijfsrevisoren
  • HEYLEN ChristianeDirector
  • VLINVESTADirector
Go to Board & ownership

Timeline

Events
38
Since
1994
Next accounts
by 31-07-2027
  1. 10-07-2025Annual accounts filed
  2. 16-06-2025Resignation: Geert Van Hemelryck - Bedrijfsrevisor (statutory…
  3. 19-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
3
Legal form
Private limited company
Activity
Guest rooms (bed and breakfast)NACE 55204
Founded
23-12-1992
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
54
Who signs
Each director alone
Annual meeting
Third Friday of May at 20:00
Purpose
“Het uitbaten van gastenkamers, het verzorgen van de ontvangst en het ontbijt voor de…” (deed in Dutch)
Go to Articles of association

Key facts about M.S.C.A.C.

What is the company number of M.S.C.A.C.?
0449.031.905. In Belgium the VAT number is the company number with BE in front: BE 0449.031.905.
Where is M.S.C.A.C. based?
The registered office is at Corbeillestraat 40, 2235 Hulshout.Company details
What does M.S.C.A.C. do?
According to the KBO register, the main activity is guest rooms (bed and breakfast) (NACE 55204).
What is the legal form of M.S.C.A.C.?
Private limited company (BV).
When was M.S.C.A.C. founded?
On 23-12-1992.
Is M.S.C.A.C. still active?
Yes, M.S.C.A.C. is an active enterprise in the KBO register.
How many employees does M.S.C.A.C. have?
On average 1.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of M.S.C.A.C.?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is M.S.C.A.C. profitable?
In financial year 2025, M.S.C.A.C. made a loss of €88,467.
Where can I find the annual accounts of M.S.C.A.C.?
M.S.C.A.C. filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of M.S.C.A.C. due?
By 31-07-2027, for financial year 2026.Timeline

Companies related to M.S.C.A.C.

Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies Which other companies belong to the same group?VLINVESTA · 29 companies

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