M-SIC
ActiveSummary
M-SIC has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,669 and a net result of €9,032. Its solvency ranks better than 74% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 4.54 against 6.53 in 2024; short-term debt: 22% and cash: 89.9% of total assets), and 22% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
78%
Return on assets
37.7%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
29 d early
2024
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€18,669▲ 93.7%
2024 · €9,637
Total assets
€23,950▲ 110%
2024 · €11,379
Net result
€9,032▲ 94.8%
2024 · €4,637
Working capital
€18,669▲ 93.7%
2024 · €9,637
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€6,187-€11,558▲ 86.8%
Net result€4,637within the sector's middle half-€9,032within the sector's middle half▲ 94.8%
Equity€9,637below the sector's middle half-€18,669below the sector's middle half▲ 93.7%
Total assets€11,379below the sector's middle half-€23,950below the sector's middle half▲ 110%
Debt€1,742-€5,281▲ 203%
Working capital€9,637within the sector's middle half-€18,669within the sector's middle half▲ 93.7%
Solvency84.7%above the sector's middle half-78.0%within the sector's middle half▼ 6.7pp
Current ratio6.53above the sector's middle half-4.54above the sector's middle half▼ 2.00
Return on assets (ROA)40.8%above the sector's middle half-37.7%above the sector's middle half▼ 3.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 87% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €23,950
Equity
€18,669 ▲ 93.7%
Debt
€5,281 ▲ 203%
Debt's share of the balance-sheet total rises from 15.3% to 22.0%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.28▲
2024 · 0.18
ROE
48.4%▲
2024 · 48.1%
Debt ≤ 1 year
€5,281▲
2024 · €1,742
Income taxes
€2,258▲
2024 · €1,172
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €126 | €128 | ▲ 1.6% |
| Gross operating margin9900 | €6,313 | €11,686 | ▲ 85.1% |
| Operating profit (loss)9901 | €6,187 | €11,558 | ▲ 86.8% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €378 | €268 | ▼ 28.9% |
| Recurring financial charges65 | €378 | €268 | ▼ 28.9% |
| Profit (loss) for the period before taxes9903 | €5,809 | €11,290 | ▲ 94.3% |
| Income taxes67/77 | €1,172 | €2,258 | ▲ 92.7% |
| Profit (loss) for the period9904 | €4,637 | €9,032 | ▲ 94.8% |
| Profit (loss) for the period to be appropriated9905 | €4,637 | €9,032 | ▲ 94.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €11,379 | €23,950 | ▲ 110% |
| Current assets29/58 | €11,379 | €23,950 | ▲ 110% |
| Amounts receivable within one year40/41 | €1,452 | €2,417 | ▲ 66.4% |
| Trade receivables40 | €1,452 | €2,417 | ▲ 66.4% |
| Cash at bank and in hand54/58 | €9,927 | €21,533 | ▲ 117% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €11,379 | €23,950 | ▲ 110% |
| Equity10/15 | €9,637 | €18,669 | ▲ 93.7% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €4,637 | €13,669 | ▲ 195% |
| Distributable reserves133 | €4,637 | €13,669 | ▲ 195% |
| Amounts payable17/49 | €1,742 | €5,281 | ▲ 203% |
| Amounts payable within one year42/48 | €1,742 | €5,281 | ▲ 203% |
| Trade debts44 | - | €338 | - |
| Suppliers440/4 | - | €338 | - |
| Taxes, remuneration and social security45 | €1,742 | €4,943 | ▲ 184% |
| Taxes450/3 | €1,742 | €4,943 | ▲ 184% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4,637 | €9,032 | ▲ 94.8% |
| Operating cash flow (approximation) | €4,637 | €9,032 | ▲ 94.8% |
| Change in cash | - | €11,606 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-09
State Gazette act
PurposePurpose change · Statutes amendment · Power of attorney6 facts ▸
State Gazette act
Purpose
Purpose change · Statutes amendment · Power of attorney6 facts ▸
- General meeting, 01-09-2026
- Purpose change
- Other statement, kennisneming bestuursverslag, verslag zal tegelijk met de uitgifte van het proces-verbaal neergelegd worden op de griffie van de bevoegde ondernemingsrechtbank
- Statutes amendment, 3
- Power of attorney
- Power of attorney, Filip Dewagtere
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
State Gazette actNBB filing
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Jabbeke · 1 establishment unit since 2023
Ground area
1.6 ha
Building footprint
195 m²
Volume, LiDAR
1,031 m³
Parcel 31031C0628/00E000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
M-SIC
since 20232.344.680.931
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31031C0628/00E000 | Flanders | 1.6 ha | 1 · 195 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Articles of association
Purpose
Adviesbureau op het gebied van bedrijfsbeheer; Het besturen en leiden van vennootschappen, ondernemingen en verenigingen, met eender welk voorwerp/doel, en de onderafdelingen…
Full purpose (18 activities)
- Adviesbureau op het gebied van bedrijfsbeheer.
- Het besturen en leiden van vennootschappen, ondernemingen en verenigingen, met eender welk voorwerp/doel, en de onderafdelingen daarvan, welke ook de betiteling daarvan is.
- Het geven van adviezen, het opmaken van studies, het voorbereiden en opstarten van organisatiesystemen, het in toepassing brengen van systemen voor gegevensverwerkingen alle technieken in verband met het technisch, administratief, economisch, sociaal en algemeen beheer van ondernemingen van industriële of dienstverlenende aard.
- Het uitoefenen van consultancyfuncties op onafhankelijke wijze en het verlenen van bijstand, advies en leiding aan bedrijven, privépersonen en instellingen, op het vlak van algemeen management, marketing, human resources, productie en ontwikkeling, informatica, processing en het besturen van vennootschappen, dit alles in de meest ruime betekenis.
- Het schrijven en publiceren van teksten en boeken.
- Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten, nieuwe vormen van technologie en hun toepassingen;
- Het verzorgen van alle mogelijke administratieve en secretariaatsdiensten in de meest ruime zin, het verstrekken van documentatie.
- Het verstrekken en de begeleiding van (beroeps)opleidingen, onderwijs, (her)scholing en dit zowel op permanente als op occasionele wijze, zowel volgens de traditionele onderwijsmethodes, als schriftelijk of audiovisueel.
- Alle taken die betrekking hebben op projectmanagement, change management, verandermanagement, crisismanagement, continuïteitsmanagement, strategisch management, organisatorisch management, operationeel management, groeimanagement en financieel management.
- De vennootschap kan zelf of als tussenpersoon alle hulpmiddelen verschaffen, bestuurders- en zaakvoerdersfuncties waarnemen of laten waarnemen en diensten verlenen die direct of indirect in verband staan met het voorgaande.
- Ter uitvoering van haar opdrachten en voor het waarnemen van bestuursmandaten kan de vennootschap zich laten vertegenwoordigen door haar zaakvoerder/bestuurder of elke andere derde vertegenwoordiger, die door de vennootschap worden afgevaardigd om op te treden in eigen naam doch voor rekening van de vennootschap.
- Deze diensten kunnen worden geleverd krachtens een contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt.
- Management en consultancy in de ruimste zin van het woord.
- De vennootschap kan investeren in activa met het oog op het bezoldigen in natura van de bestuurder(s) en/of personeelsleden.
- Het verrichten, zowel in eigen naam als voor rekening van derden, van alle diensten met betrekking tot het beheer, de administratie, de exploitatie, de commercialisering en de valorisatie van onroerende goederen en onroerende zakelijke rechten, waaronder onder meer het patrimoniumbeheer, huurbeheer, technisch beheer, administratief beheer, commercieel beheer, rentmeesterschap, opvolging van huurcontracten, huurincasso, indexaties, plaatsbeschrijvingen, onderhoud, herstellingen, renovaties, contacten met huurders, verhuurders, eigenaars, mede-eigenaars, leveranciers en overheden.
- Zowel in eigen naam als voor rekening van derden: het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen, al dan niet onder het stelsel van de BTW, met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de bouw, de verbouwing, de binnenhuisinrichting en decoratie, de huur- en verhuur, de ruil, de verkaveling, leasing en, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, van onroerende goederen of onroerende zakelijke rechten.
- Het bemiddelen bij aankoop, verkoop, huur, verhuur, overdracht, ruil, vestiging of afstand van rechten met betrekking tot onroerende goederen en onroerende zakelijke rechten, alsook het begeleiden, voorbereiden, opvolgen en commercialiseren van vastgoedtransacties, vastgoedprojecten, verkoopdossiers, verhuurdossiers, investerings-dossiers en patrimoniumdossiers.
- Het ontwikkelen, coördineren, begeleiden, realiseren, commercialiseren en opvolgen van vastgoedprojecten en bouwprojecten, zowel voor eigen rekening als voor rekening van derden, met inbegrip van nieuwbouw, renovatie, verbouwing, herbestemming, reconversie, verkaveling, opsplitsing, samenvoeging, inrichting, afwerking, verkoop, verhuur en exploitatie van onroerende goederen, vastgoedcomplexen, gronden en onroerende zakelijke rechten.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 29,867 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68322Real estate appraisal on a fee or contract basis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0801454382
Also
9925:BE0801454382
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.