M.S. Delice
ActiveThe computed 12-month bankruptcy probability of M.S. Delice is 2.1% (moderate). The 2024 annual accounts show equity of €42k and a net result of €25k. Equity is growing by ~87.6% per year across the filed fiscal years. Its solvency ranks better than 92% of 2090 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+11
Solvency100▲+23
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity ample (current ratio 5.18 against 1.7 in 2023; short-term debt: 18.1% and cash: 36.9% of total assets), and 18.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
140 d late
2022
64 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€147k
EBIT margin
8.1%
Net result
€25k▲ 366%
2023 · €5k
2022: €12k
2023: €5k
2022 → 2024
Working capital
€38k▲ 246%
2023 · €11k
2022: €2k
2023: €11k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€147k-
Equity€12k-€17k▲ 44.9%€42k▲ 144%
Operating result€12k-€8k▼ 33.9%€25k▲ 216%
Net result€12k-€5k▼ 55.1%€25k▲ 366%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 216% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €51k
Fixed assets
€3k▼ 44.7%
Current assets
€47k▲ 76.1%
Equity and liabilities €51k
Equity
€42k▲ 144%
Debt
€9k▼ 42.3%
The debt ratio falls from 48.3% to 18.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€28k▲
2023 · €11k
Cash flow
€28k▲
2023 · €9k
Solvency
81.9%▲
2023 · 51.7%
Current ratio
5.18▲
2023 · 1.70
Quick ratio
4.65▲
2023 · 1.34
Debt / equity
0.22▼
2023 · 0.93
ROE
59.1%▲
2023 · 31.0%
ROA
48.4%▲
2023 · 16.0%
Interest coverage
93.91▲
2023 · 41.28
Debt
€9k▼
2023 · €16k
Debt ≤ 1 year
€9k▼
2023 · €16k
Staff costs
€38k▼
2023 · €59k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€33k€51k▲
Fixed assets21/28€6k€3k▼
Tangible fixed assets22/27€6k€3k▼
Furniture and vehicles24€6k€3k▼
Financial fixed assets28€107€107=
Current assets29/58€27k€47k▲
Stocks and contracts in progress3€6k€5k▼
Stocks30/36€6k€5k▼
Amounts receivable within one year40/41€464€24k▲
Trade receivables40€464€20k▲
Other amounts receivable41-€4k
Cash at bank and in hand54/58€21k€19k▼
Equity and liabilities
Total equity and liabilities10/49€33k€51k▲
Equity10/15€17k€42k▲
Contributions10/11€0-
Profit (loss) carried forward14€17k€42k▲
Amounts payable17/49€16k€9k▼
Amounts payable within one year42/48€16k€9k▼
Trade debts44€998-
Suppliers440/4€998-
Taxes, remuneration and social security45€14k€9k▼
Taxes450/3€3k€1k▼
Remuneration and social security454/9€11k€8k▼
Other amounts payable47/48€385-
Income statement
Code20232024
Remuneration, social security and pensions62€59k€38k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€628€334▼
Gross operating margin9900€71k€67k▼
Operating profit (loss)9901€8k€25k▲
Financial income75/76B-€227
Recurring financial income75-€227
Financial charges65/66B€272€618▲
Recurring financial charges65€272€303▲
Non-recurring financial charges66B-€316
Profit (loss) for the period before taxes9903€8k€25k▲
Income taxes67/77€2k-
Profit (loss) for the period9904€5k€25k▲
Profit (loss) for the period to be appropriated9905€5k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€17k€42k▲
Profit (loss) brought forward from the previous period14P€12k€17k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
31-12
Financial
Highest result since 2022net €25k ▲366%
Operating result €25k, net result €25k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.18
Current ratio from 1.70 to 5.18; short-term debt falls from €16k to €9k.
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 140 days late
2023
31-12
Financial
Weakest financial yearnet €5k ▼55.1%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 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, Kraainem · 1 establishment unit since 2021
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.
Steenweg op Mechelen 4551950 KraainemGround area
1.2 ha
Building footprint
1,035 m²
Volume, LiDAR
35,291 m³
2 parcels, Brussels, Flanders · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
Boulangerie- Patisserie M&S
since 20212.322.177.129
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 21384D0230/00M000 | Brussels | 254 m² | 1 · 170 m² | 15.2 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVorst2.322.177.129
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Of 4,227 companies in sector 10712 we hold annual accounts for 1,871. 1,497 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-2021
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
47252Retail sale of beverages, general range
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0485 16 14 08