Maison Syndicale Internationale
The computed 12-month bankruptcy probability of Maison Syndicale Internationale is 0.1% (very low). The 2023 annual accounts show equity of €497k and a net result of €-75k. Equity is shrinking by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 16% of 74 sector peers (fiscal year 2023). The company has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €497k |
| Net result | €-75k |
| Better than sector | 16% |
| Active | 58 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 15.6% | 48.9% | |
| Net result | €-75k | €14k | |
| Equity | €497k | €497k | |
| Gross operating margin | €-41k | €637k | |
| Total assets | €3.20M | €1.25M |
Show 11 other metrics
| Fiscal year | 2023 |
|---|---|
| Deposit | volledig |
| Revenue | €375k |
| EBITDA | - |
| Net profit | €-75k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | €12 |
| Dividends | - |
| Total assets | €3.20M |
| Equity | €497k |
| Debt | €2.70M |
| of which ≤ 1y | €2.70M |
| of which > 1y | - |
| Working capital | €-53k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 0.98 |
| Quick ratio | 0.98 |
| Working capital ratio | -1.6% |
| Solvency | 15.6% |
| Debt / equity | 5.43 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | -11.0% |
| Net margin | -19.9% |
| ROA | -2.3% |
| ROE | -15.0% |
| EBITDA margin | - |
| Days sales outstanding | 1592d |
| Days payable outstanding | 376d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (25 line items)
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €3.20M |
| Fixed assets | 21/28 | €550k |
| Intangible fixed assets | 21 | €0 |
| Tangible fixed assets | 22/27 | €550k |
| Current assets | 29/58 | €2.65M |
| Amounts receivable within one year | 40/41 | €2.21M |
| Cash & bank | 54/58 | €435k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.20M |
| Equity | 10/15 | €497k |
| Contributions / capital | 10/11 | €250k |
| Reserves | 13 | €25k |
| Accumulated profits (losses) | 14 | €222k |
| Provisions & deferred taxes | 16 | €0 |
| Amounts payable | 17/49 | €2.70M |
| Amounts payable within one year | 42/48 | €2.70M |
| Trade debts payable within one year | 44 | €429k |
| Income statement | ||
| Turnover | 70 | €375k |
| Gross operating margin | 9900 | €-41k |
| Operating result | 9901 | €-53k |
| Financial income | 75 | €267 |
| Financial charges | 65 | €22k |
| Result before taxes | 9903 | €-74k |
| Income taxes | 67/77 | €12 |
| Net result for the period | 9904 | €-75k |
| Result to be appropriated | 9905 | €-75k |
-
Current23-06-2025 → present
Historic, not recently confirmed (1)
-
Not recently confirmedlast confirmed in an act from 2018
Former directors (3)
-
Former- → 31-08-2025
-
Former- → 31-12-2015
-
Former- → 30-10-2015
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| RSM INTERAUDITCurrent Statutory auditor · represented by Jean-François NOBELS |
- | 27-10-2021 → present |
| NACE primary | Activiteiten van vakbonden(94200) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 01-01-1968 |
| Status | Active |
| Postal code | 1000 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B1669/00A000 | Brussels | 1.6 ha | 1 · 1.6 ha | 63.3 m · 7 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
05-12-2025 1 director appointed, 1 resigning
- Esther Lynch, Bestuurder
- Adrien Routelous, Bestuurder
Technical details
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{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Esther Lynch",
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},
"effective_date": "2025-06-23",
"evidence_quote": "Avec effet au 23 juin 2025, Mme Esther Lynch a \u00E9t\u00E9 nomm\u00E9e administrateur de la soci\u00E9t\u00E9."
},
{
"kind": "director_out",
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"person": {
"rrn": null,
"name": "Adrien Routelous",
"address": null,
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},
"effective_date": "2025-08-31",
"evidence_quote": "Avec effet au 31 ao\u00FBt 2025, M. Adrien Routelous a d\u00E9missionn\u00E9 de sa fonction d\u0027administrateur de la soci\u00E9t\u00E9 et sera remplac\u00E9 d\u00E8s quun successeur sera d\u00E9sign\u00E9 \u00E0 l\u0027ITUC."
}
],
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"subject_company": {
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"name_full": "MAISON SYNDICALE INTERNATIONALE, EN ABREGE : MSI",
"legal_form": "SC"
}
}27-10-2021 Jean-François NOBELS appointed as statutory auditor
- Jean-François NOBELS, Commissaris
Technical details
{
"events": [
{
"kind": "commissaris_in",
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"person": {
"rrn": null,
"name": "Jean-Fran\u00E7ois NOBELS",
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},
"via_org": {
"kbo": null,
"name": "RSM INTERAUDIT",
"address": null,
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},
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale nomme en tant que Commissaire de l\u0027Entreprise : RSM INTERAUDIT sous la forme juridique d\u0027une SCCRL, ayant \u00E9lu son domicile \u00E0 1180 Uccle, chauss\u00E9e de Waterloo 1151, qui sera repr\u00E9sent\u00E9e par Jean-Fran\u00E7ois NOBELS et Karine MORRIS."
}
],
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}20-03-2020 End of the company published
Technical details
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}07-05-2018 1 director appointed, 2 resigning
- Xavier Lalanne, Zaakvoerder
- Nelson de Macedo, Zaakvoerder
- Bernadette Ségol, Zaakvoerder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "Nelson de Macedo",
"address": null,
"birth_date": null
},
"effective_date": "2015-12-31",
"evidence_quote": "La r\u00E9union de la g\u00E9rance de la MAISON SYNDICALE INTERNATIONALE SC sous forme de SPRL tenue le 2 mai 2017 prend acte de la d\u00E9mission des g\u00E9rants suivants: - Monsieur Nelson de Macedo \u00E0 partir du 31 d\u00E9cembre 2015 ... et leur donne d\u00E9charge pour l\u0027exercice de leurs mandats Jusqu\u0027au moment de leur d\u00E9mis",
"discharge_granted": true
},
{
"kind": "director_out",
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"person": {
"rrn": null,
"name": "Bernadette S\u00E9gol",
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},
"effective_date": "2015-10-30",
"evidence_quote": "La r\u00E9union de la g\u00E9rance de la MAISON SYNDICALE INTERNATIONALE SC sous forme de SPRL tenue le 2 mai 2017 prend acte de la d\u00E9mission des g\u00E9rants suivants: - Madame Bernadette S\u00E9gol \u00E0 partir du 30 octobre 2015 ... et leur donne d\u00E9charge pour l\u0027exercice de leurs mandats Jusqu\u0027au moment de leur d\u00E9missio",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "Xavier Lalanne",
"address": null,
"birth_date": null
},
"effective_date": "2017-05-02",
"evidence_quote": "Les g\u00E9rants approuvent \u00E0 l\u0027unanimit\u00E9\u00E0 partir du 2 mai 2017 la nomination de monsieur Xavier Lalalne, r\u00E9sidant \u00E0 Rue de Bordeaux, 3-1060 Bruxelles"
}
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}
}| Legal nameFR | Maison Syndicale Internationale |
| AbbreviationFR | M.S.I. |