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MESSNER-SYSTEMPACK

Active
Private limited companyfounded 2025active for 1 yearBergstrasse 30, 4730 Raeren, BelgiumKBO/BCE: BE 1026.962.457

Financials · financial year 2025, unclassified schema

Annual accounts 2025 filed on 12-05-2026 PDF

Turnover
≈ €3,300
Estimated: probably between €1,400 and €7,800
EBIT margin
Not included in this filing
Net result
€101
Working capital
-€5,879

The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €24,031
Fixed assets €10,980
Current assets €13,051
Equity and liabilities €24,031
Equity €5,101
Debt €18,931
Debt's share of the balance-sheet total is 78.8%.
Key figures and ratios
2025 value
EBITDA
€288
Cash flow
€392
Current ratio
0.69
Debt to equity
3.71
ROE
2.0%
ROA
0.4%
Interest coverage
2.22
Debt ≤ 1 year
€18,931
Income taxes
€56

Investments

fixed assets acquired
Item2025
Tangible fixed assets€11,271
Depreciation and write-downs of the year€291

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 32 lines
Balance sheet Code2025
Assets
Total assets20/58€24,031
Fixed assets21/28€10,980
Tangible fixed assets22/27€10,980
Furniture and vehicles24€10,980
Current assets29/58€13,051
Amounts receivable within one year40/41€9,827
Trade receivables40€9,827
Cash at bank and in hand54/58€2,503
Deferred charges and accrued income490/1€721
Equity and liabilities
Total equity and liabilities10/49€24,031
Equity10/15€5,101
Contributions10/11€5,000
Profit (loss) carried forward14€101
Amounts payable17/49€18,931
Amounts payable within one year42/48€18,931
Trade debts44€1,517
Suppliers440/4€1,517
Taxes, remuneration and social security45€719
Taxes450/3€719
Other amounts payable47/48€16,694
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€291
Gross operating margin9900€288
Operating profit (loss)9901-€3
Financial income75/76B€290
Recurring financial income75€290
Financial charges65/66B€130
Recurring financial charges65€130
Profit (loss) for the period before taxes9903€157
Income taxes67/77€56
Profit (loss) for the period9904€101
Profit (loss) for the period to be appropriated9905€101
Appropriation of the result
Profit (loss) to be appropriated9906€101

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 12-05-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€291
Gross operating margin9900€288
Operating profit (loss)9901-€3
Financial income75/76B€290
Recurring financial income75€290
Financial charges65/66B€130
Recurring financial charges65€130
Profit (loss) for the period before taxes9903€157
Income taxes67/77€56
Profit (loss) for the period9904€101
Profit (loss) for the period to be appropriated9905€101
Line2025
Assets
Total assets20/58€24,031
Fixed assets21/28€10,980
Tangible fixed assets22/27€10,980
Furniture and vehicles24€10,980
Current assets29/58€13,051
Amounts receivable within one year40/41€9,827
Trade receivables40€9,827
Cash at bank and in hand54/58€2,503
Deferred charges and accrued income490/1€721
Equity and liabilities
Total equity and liabilities10/49€24,031
Equity10/15€5,101
Contributions10/11€5,000
Profit (loss) carried forward14€101
Amounts payable17/49€18,931
Amounts payable within one year42/48€18,931
Trade debts44€1,517
Suppliers440/4€1,517
Taxes, remuneration and social security45€719
Taxes450/3€719
Other amounts payable47/48€16,694
Line2025
Profit (loss) for the period9904€101
+ Depreciation and write-downs630€291
Operating cash flow (approximation)€392

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 294 companies had the same profile as MESSNER-SYSTEMPACK has now. Two years later, 95.6% were still going and 2.4% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
95.6% was still going
2.0% stopped otherwise
2.4% went bankrupt

That fits the bankruptcy probability of MESSNER-SYSTEMPACK itself: 1.3% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 294 companies, not a prediction for MESSNER-SYSTEMPACK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 unclassified schema 12-05-2026 2026-00109003 PDF

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