M S D ((MSD))

Active

Private limited companyfounded 200323 yrs activeChaussée du Tilleul 193, 1300 Wavre, BelgiumKBO/BCE: BE 0479.836.036

Summary

The computed 12-month bankruptcy probability of M S D ((MSD)) is 6.2% (elevated). For M S D ((MSD)), one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €511,745 and a net result of €5,742. Equity remains stable across the filed fiscal years (±1% per year). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

M S D ((MSD))Active

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€563,106total assets 2024

Equity: €511,745
Profit: €5,742

Turnover not published (abridged schema)

Financial health

Bankruptcy chance 12 m: 6.2%

2024 figures too old to score

Structure

Accounts 188 d overdue0 of 1 deed read

Signals- Figures for FY 2024 (filed 29-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 212 days late; 2 of the last 3 late- Liquidity: current ratio 12.56, cash €2,364- Annual accounts not filed- Filed more than 90 days late+ Size: total assets €563,106Show the evidence

Checked score

No current score

Figures too old

The available figures for FY 2024 are too old to assess current financial health.

Bankruptcy probability: Elevated

Filing: One filing cycle is missing

Financial strength, FY 2024 · tick = 2023

Strong

Solvency 100=

equity 90.9% of total assets

Liquidity 51=

short-term debt 6.8% · cash 0.4%

Profitability 64+49

return on assets 1.0%

Bankruptcy probability, 12 months

6.2% Elevated

0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.5% 12-2024: 0.4%▼ -8.7% vs 11-2024 01-2025: 0.4%▼ -0.5% vs 12-2024lowest value 02-2025: 0.4%▲ +6.9% vs 01-2025 03-2025: 0.5%▲ +16.0% vs 02-2025 04-2025: 0.8%▲ +51.6% vs 03-2025 05-2025: 0.9%▲ +15.8% vs 04-2025 06-2025: 1.3%▲ +44.0% vs 05-2025 07-2025: 1.4%▲ +5.5% vs 06-2025 08-2025: 1.7%▲ +24.9% vs 07-2025 09-2025: 4.0%▲ +131% vs 08-2025 10-2025: 4.0%● 0.0% vs 09-2025 11-2025: 1.3%▼ -67.4% vs 10-2025 12-2025: 1.2%▼ -7.0% vs 11-2025 01-2026: 1.2%▼ -0.4% vs 12-2025 02-2026: 1.2%● 0.0% vs 01-2026 03-2026: 1.2%● 0.0% vs 02-2026 04-2026: 1.9%▲ +57.1% vs 03-2026 05-2026: 2.1%▲ +9.8% vs 04-2026 06-2026: 2.9%▲ +39.9% vs 05-2026 07-2026: 2.7%▼ -7.1% vs 06-2026 08-2026: 3.3%▲ +20.0% vs 07-2026 09-2026: 6.2%▲ +90.8% vs 08-2026highest value 10-2026: 6.2%● 0.0% vs 09-2026highest value

Figures for FY 2024 (filed 29-10-2025) raises the probability
1 financial year not filed after the legal deadline; latest accounts 212 days late; 2 of the last 3 late raises the probability
Size: total assets €563,106 lowers the probability for this profile
Liquidity: current ratio 12.56, cash €2,364 raises the probability

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk

Figures for FY 2024 (filed 29-10-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

1 financial year not filed after the legal deadline; latest accounts 212 days late; 2 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Size: total assets €563,106

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Liquidity: current ratio 12.56, cash €2,364

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Annual accounts not filed

The financial year that closed on 31-08-2025 was due at the National Bank by 31-03-2026. Nothing is on record, 188 days later.

NBB · 10 filings

Position against the passed deadline

31-08-2025 close31-03-2026 deadline05-10-2026 today

Filed more than 90 days late

The financial year that closed on 31-08-2024 was due by 31-03-2025 and was filed on 29-10-2025, 212 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

212 d late

2023

100 d late

2022

on the day

2021

3 d early

2020

on the day

2019

25 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 6 accounts on average 47 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage