MS
ActiveSummary
The computed 12-month bankruptcy probability of MS is 1.9% (moderate). For MS, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €22,587. Equity is shrinking by about 5.5% per year across the filed financial years. Its solvency ranks better than 95% of 1,123 sector peers (NACE 49, financial year 2024). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Freight transport by road
NACE 49410
Size
€22,661total assets 2024
- Equity
- €22,587
Financial health
- Bankruptcy probabilitywithin 12 months
- 1.9%
Too few figures to score
Structure
- Valid ElzjurkajevDirector
2025 accounts not filed, 91 days past the deadline1 of 5 deeds summarised
Signalsraises risk1 financial year not filed after the legal deadline; last filed accounts filed 105 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 21-11-2025)No registered site in the KBOAnnual accounts not filed2024 accounts filed 105 days latelowers riskLiquidity: current ratio 300.92, cash €16,875Show the evidence
Bankruptcy probability
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability.
Filing: One filing cycle is missing
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 13.5%
12-2024: 15.5%▲ +2.0 percentage points vs 11-2024
01-2025: 20.6%▲ +5.1 percentage points vs 12-2024
02-2025: 20.6%● unchanged vs 01-2025
03-2025: 20.9%▲ +0.3 percentage points vs 02-2025
04-2025: 19.7%▼ -1.2 percentage points vs 03-2025
05-2025: 19.7%● unchanged vs 04-2025
06-2025: 19.5%▼ -0.2 percentage points vs 05-2025
07-2025: 19.5%● unchanged vs 06-2025
08-2025: 22.6%▲ +3.1 percentage points vs 07-2025highest value
09-2025: 22.6%● unchanged vs 08-2025highest value
10-2025: 21.2%▼ -1.4 percentage points vs 09-2025
11-2025: 21.4%▲ +0.2 percentage points vs 10-2025
12-2025: 1.9%▼ -19.5 percentage points vs 11-2025
01-2026: 1.9%● unchanged vs 12-2025
02-2026: 1.7%▼ -0.2 percentage points vs 01-2026
03-2026: 1.7%● unchanged vs 02-2026
04-2026: 1.7%● unchanged vs 03-2026
05-2026: 1.8%▲ +0.1 percentage points vs 04-2026
06-2026: 1.8%● unchanged vs 05-2026
07-2026: 1.9%▲ +0.1 percentage points vs 06-2026
08-2026: 2.6%▲ +0.7 percentage points vs 07-2026
09-2026: 1.1%▼ -1.5 percentage points vs 08-2026lowest value
10-2026: 1.9%▲ +0.8 percentage points vs 09-2026
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 91 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline30-10-2026 today
raises risk · 2024 accounts filed 105 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-11-2025, 105 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
105 days late
2023
470 days late
2022
281 days late
2021
110 days late
2020
31 days late
2019
55 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 175 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
- Registered office · Amendment of the…Resignation: ATAEV Roustam Oumarbekovitch (director)…
Financials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 30 October 2026.
Turnover
€322,517
EBIT margin
-1.4%
Net result
-€1,575▲ 61.3%
2022 · -€4,074
Working capital
€22,113=
2023 · €22,113
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result stays negative: a loss of €1,479 in 2023 against €3,921 in 2022; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€1,479
2023
Net result-€1,575
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€22,661
2024
Equity€22,587
2024
Debt€74
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€22,113
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-7.0%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency99.7%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio6.42
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€322,517-
Operating result-€4,621--€7,324▼ 58.5%€4,203-€1,044-€3,921▼ 275%-€1,479▲ 62.3%
Net result-€4,865--€6,889▼ 41.6%€4,399within the sector's middle half-€897below the sector's middle half-€4,074below the sector's middle half▼ 354%-€1,575below the sector's middle half▲ 61.3%
EBIT margin-1.4%-
Equity€31,624-€24,734▼ 21.8%€29,134below the sector's middle half▲ 17.8%€28,237below the sector's middle half▼ 3.1%€24,162below the sector's middle half▼ 14.4%€22,587below the sector's middle half▼ 6.5%€22,587below the sector's middle half=
Total assets€56,674-€49,787▼ 12.2%€35,870below the sector's middle half▼ 28.0%€28,831below the sector's middle half▼ 19.6%€28,437below the sector's middle half▼ 1.4%€22,661below the sector's middle half▼ 20.3%€22,661below the sector's middle half=
Debt€25,050-€25,052=€6,736▼ 73.1%€594▼ 91.2%€4,275▲ 619%€74▼ 98.3%€74=
Working capital€31,465-€24,055▼ 23.5%€28,636within the sector's middle half▲ 19.0%€26,653within the sector's middle half▼ 6.9%€23,156within the sector's middle half▼ 13.1%€22,113within the sector's middle half▼ 4.5%€22,113within the sector's middle half=
Solvency55.8%-49.7%▼ 6.1pp81.2%above the sector's middle half▲ 31.5pp97.9%above the sector's middle half▲ 16.7pp85.0%above the sector's middle half▼ 13.0pp99.7%above the sector's middle half▲ 14.7pp99.7%above the sector's middle half=
Current ratio2.26-1.96▼ 0.305.25above the sector's middle half▲ 3.2945.84above the sector's middle half▲ 40.586.42above the sector's middle half▼ 39.42
Return on assets (ROA)-8.6%--13.8%▼ 5.3pp12.3%above the sector's middle half▲ 26.1pp-3.1%below the sector's middle half▼ 15.4pp-14.3%below the sector's middle half▼ 11.2pp-7.0%below the sector's middle half▲ 7.4pp
above
within
below
the middle half of NACE 49, Land transport and transport via pipelines: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €22,661
Fixed assets
€474 =
Current assets
€22,187 =
Equity and liabilities €22,661
Equity
€22,587 =
Debt
€74 =
Debt's share of the balance-sheet total stays at 0.3%.
Key figures and ratios
Debt to equity
0.00=
2023 · 0.00
Debt ≤ 1 year
€74=
2023 · €74
A ratio outside any meaningful range has been withheld (balance sheet total €22,661, equity €22,587).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €322,517 | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €577 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | €159 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €159 | €204 | €181 | €528 | €577 | €532 | - | - |
| Other operating charges640/8 | - | - | - | €944 | €2,119 | €788 | - | - |
| Gross operating margin9900 | -€2,763 | -€5,536 | €5,322 | €427 | -€1,225 | - | - | - |
| Operating profit (loss)9901 | -€4,621 | -€7,324 | €4,203 | -€1,044 | -€3,921 | -€1,479 | - | - |
| Financial income75/76B | - | - | - | €290 | - | - | - | - |
| Recurring financial income75 | - | €0 | - | €0 | - | - | - | - |
| Non-recurring financial income76B | - | - | - | €290 | - | - | - | - |
| Financial charges65/66B | - | - | - | €143 | €153 | €96 | - | - |
| Recurring financial charges65 | €155 | €131 | €139 | €143 | €153 | €96 | - | - |
| Profit (loss) for the period before taxes9903 | -€4,776 | -€6,889 | €4,399 | -€897 | -€4,074 | -€1,575 | - | - |
| Income taxes67/77 | €88 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€4,865 | -€6,889 | €4,399 | -€897 | -€4,074 | -€1,575 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€4,865 | -€6,889 | €4,399 | -€897 | -€4,074 | -€1,575 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €56,674 | €49,787 | €35,870 | €28,831 | €28,437 | €22,661 | €22,661 | = |
| Fixed assets21/28 | €159 | €679 | €498 | €1,583 | €1,006 | €474 | €474 | = |
| Tangible fixed assets22/27 | €159 | €679 | €498 | €1,583 | €1,006 | €474 | €474 | = |
| Plant, machinery and equipment23 | - | - | - | €317 | €136 | - | - | - |
| Furniture and vehicles24 | - | - | - | €1,266 | €870 | €474 | €474 | = |
| Current assets29/58 | €56,515 | €49,108 | €35,372 | €27,248 | €27,431 | €22,187 | €22,187 | = |
| Stocks and contracts in progress3 | €36,074 | €25,062 | €11,209 | €2,400 | - | - | - | - |
| Stocks30/36 | - | - | - | €2,400 | - | - | - | - |
| Amounts receivable within one year40/41 | €197 | €5,193 | €4,306 | €815 | €788 | - | - | - |
| Other amounts receivable41 | - | - | - | €815 | €788 | - | - | - |
| Cash at bank and in hand54/58 | €15,961 | €15,067 | €15,030 | €19,172 | €21,331 | €16,875 | €16,875 | = |
| Deferred charges and accrued income490/1 | - | - | - | €4,861 | €5,312 | €5,312 | €5,312 | = |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €56,674 | €49,787 | €35,870 | €28,831 | €28,437 | €22,661 | €22,661 | = |
| Equity10/15 | €31,624 | €24,734 | €29,134 | €28,237 | €24,162 | €22,587 | €22,587 | = |
| Contributions10/11 | €16,800 | €16,800 | €16,800 | €16,800 | €16,800 | €16,800 | €16,800 | = |
| Capital10 | - | - | - | €16,800 | €16,800 | €16,800 | €16,800 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | - | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Reserves13 | €231 | €231 | €451 | €451 | €451 | €451 | €451 | = |
| Non-distributable reserves130/1 | - | - | - | €451 | €451 | €451 | €451 | = |
| Legal reserve130 | - | - | - | €451 | €451 | €451 | €451 | = |
| Profit (loss) carried forward14 | €14,593 | €7,704 | €11,883 | €10,986 | €6,912 | €5,337 | €5,337 | = |
| Amounts payable17/49 | €25,050 | €25,052 | €6,736 | €594 | €4,275 | €74 | €74 | = |
| Amounts payable within one year42/48 | €25,050 | €25,052 | €6,736 | €594 | €4,275 | €74 | €74 | = |
| Trade debts44 | €10,050 | €10,052 | €6,736 | €277 | €675 | - | - | - |
| Suppliers440/4 | - | - | - | €277 | €675 | - | - | - |
| Other amounts payable47/48 | - | - | - | €317 | €3,600 | €74 | €74 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,865 | -€6,889 | €4,399 | -€897 | -€4,074 | -€1,575 | - | - |
| + Depreciation and write-downs630 | €159 | €204 | €181 | €528 | €577 | €532 | - | - |
| Operating cash flow (approximation) | -€4,706 | -€6,685 | €4,580 | -€369 | -€3,497 | -€1,043 | - | - |
| Investment in fixed assets (approximation) | - | -€724 | €0 | -€1,613 | €0 | €0 | €0 | - |
| Change in cash | - | -€894 | -€37 | €4,143 | €2,159 | -€4,456 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 13-11-2025 | 2025-00568804 |
| 31-12-2023 | full format | 13-11-2025 | 2025-00568684 |
| 31-12-2022 | full format | 07-05-2024 | 2024-00083776 |
| 31-12-2021 | full format | 18-11-2022 | 2022-20521969 |
| 31-12-2020 | full format | 31-08-2021 | 2021-62600478 |
| 31-12-2019 | full format | 24-09-2020 | 2020-55500527 |
| 31-12-2018 | full format | 30-08-2019 | 2019-57300493 |
| 31-12-2017 | full format | 29-08-2018 | 2018-53800265 |
| 31-12-2016 | full format | 29-09-2017 | 2017-65300287 |
| 31-12-2015 | full format | 31-10-2016 | 2016-67200204 |
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Of the 12,357 active companies whose main activity is freight transport by road (NACE 49410), figures are known for 8,285. 5,210 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2024
Valid Elzjurkajev
CurrentDirector (not named in the articles) · since 22-08-2024
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
4 of this company's 5 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2024, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Valid Elzjurkajev |
|
| ATAEV Roustam Oumarbekovitch |
|
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck off
1 other company of this director was judicially dissolved (2026).
- VaCro invest judicial dissolution on 26-05-2026Official Gazettemandate 2024 to 2025
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it. Only boards we have read from the Gazette; other companies may still be missing.
Owners and capital
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 22-08-2024 ↗
- ELZJURKAJEV Valid Mukhadyevitch 100 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 22-08-2024 Converted to available equity
Group and network
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Solution Group
via Valid Elzjurkajev · Director (not named in the articles)
former→
VaCro invest
via Valid Elzjurkajev · Director
former→
Vayteam
via Valid Elzjurkajev · Director
former→
History
Acts, filings and financial milestones
2025
13-11
NBB filing
Annual accounts filed
financial year 2024 · full format · 105 days late
13-11
NBB filing
Annual accounts filed
financial year 2023 · full format · 470 days late
2024
22-08
Gazette deed
Registered office · Amendment of the articles · Legal-form change · Name · Resignations & appointmentsResignation: ATAEV Roustam Oumarbekovitch (director) · Appointment: ELZJURKAJEV Valid Mukhadyevitch (director) · Capital conversion30 facts ▸
Gazette deed
Registered office · Amendment of the articles · Legal-form change · Name · Resignations & appointments
Resignation: ATAEV Roustam Oumarbekovitch (director) · Appointment: ELZJURKAJEV Valid Mukhadyevitch (director) · Capital conversion30 facts ▸
- Capital conversion, “beschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “vertaling statuten in het Nederlands ingevolge adreswijziging, adreswijziging” (deed in Dutch)
- Amendment of the articles
- Capital
- Director resignation, ATAEV Roustam Oumarbekovitch (director (not named in the articles))
- Director discharge, ATAEV Roustam Oumarbekovitch
- Director appointment, ELZJURKAJEV Valid Mukhadyevitch (director (not named in the articles))
- Power of attorney
- Power of attorney, Herman Wyers
- General meeting, 16:00, “heffing vergadering” (deed in Dutch)
- Other provision, “recht op geschriften, geheven” (deed in Dutch)
- Other provision, “kosten oprichting”, 1800 (deed in Dutch)
- +18 further facts in this act
07-05
NBB filing
Annual accounts filed
financial year 2022 · full format · 281 days late
2023
31-12
Financial
Liquidity more than 46 timescurrent ratio 300.92
Current ratio from 6.42 to 300.92; short-term debt falls from €4,275 to €74.
2022
18-11
NBB filing
Annual accounts filed
financial year 2021 · full format · 110 days late
2021
31-12
Financial
Liquidity more than 8 timescurrent ratio 45.84
Current ratio from 5.25 to 45.84; short-term debt falls from €6,736 to €594.
31-08
NBB filing
Annual accounts filed
financial year 2020 · full format · 31 days late
2020
31-12
Financial
Back to profitnet €4,399
Net result €4,399 after 2 loss-making years.
31-12
Financial
Liquidity more than doubledcurrent ratio 5.25
Current ratio from 1.96 to 5.25; short-term debt falls from €25,052 to €6,736.
24-09
NBB filing
Annual accounts filed
financial year 2019 · full format · 55 days late
2019
31-12
Financial
Weakest financial yearnet -€6,889
Net result drops to -€6,889, the lowest in the series; recovery starts the following year.
Show earlier events
30-08
NBB filing
Annual accounts filed
financial year 2018 · full format · 30 days late
2018
29-08
NBB filing
Annual accounts filed
financial year 2017 · full format · 29 days late
2017
29-09
NBB filing
Annual accounts filed
financial year 2016 · full format · 60 days late
2016
31-10
NBB filing
Annual accounts filed
financial year 2015 · full format · 92 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 5 deeds read
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded23-02-2015
Financial year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0598890470
Also
9925:BE0598890470
Registered
25-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Pelt
Ground area
794 m²
Building footprint
230 m²
Building volume
1,112 m³
Parcel 72502D0627/00P000, Flanders · tallest building 9.2 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72502D0627/00P000 | Flanders | 794 m² | 1 · 230 m² | 9.2 m · 1 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest of Brussels Hoofdstedelijk Gewest, bij enkel besluit oprichten of opheffen wanneer en waar nodig” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering bepaalt aantal, duur opdracht en bij meerdere bevoegdheid” (deed in Dutch)“Bijzondere machten aan elke mandataris, geheel bevoegdheden met mogelijkheid deel te delegeren” (deed in Dutch)“Algemene vergadering beslist kosteloos of niet” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met vermeldingen Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager en helft koper(s) naar evenredigheid aantal bij meerdere kopers, zelfde formaliteiten toestemming medeaandeelhouders indien…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed