MS 28
ActiveSummary
The computed 12-month bankruptcy probability of MS 28 is 3.0% (moderate). The 2024 annual accounts show equity of €26,290 and a net result of -€3,512. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 51% of 26040 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 3 accounts on average 194 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 2,151 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.
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | - | €153 | €1,448 | ▲ 848% |
| Gross operating margin9900 | €3,005 | €12,739 | €1,232 | ▼ 90.3% |
| Operating profit (loss)9901 | €3,005 | €12,587 | -€216 | ▼ 102% |
| Financial charges65/66B | - | €186 | €637 | ▲ 243% |
| Recurring financial charges65 | - | €186 | €637 | ▲ 243% |
| Profit (loss) for the period before taxes9903 | €3,005 | €12,401 | -€854 | ▼ 107% |
| Income taxes67/77 | - | €603 | €2,659 | ▲ 341% |
| Profit (loss) for the period9904 | €3,005 | €11,797 | -€3,512 | ▼ 130% |
| Profit (loss) for the period to be appropriated9905 | €3,005 | €11,797 | -€3,512 | ▼ 130% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €32,732 | €54,323 | €77,840 | ▲ 43.3% |
| Fixed assets21/28 | €198 | €198 | €198 | = |
| Financial fixed assets28 | €198 | €198 | €198 | = |
| Current assets29/58 | €32,534 | €54,125 | €77,642 | ▲ 43.4% |
| Stocks and contracts in progress3 | €29,890 | €29,300 | €40,789 | ▲ 39.2% |
| Stocks30/36 | €29,890 | €29,300 | €40,789 | ▲ 39.2% |
| Amounts receivable within one year40/41 | €2,644 | €11,503 | €13,531 | ▲ 17.6% |
| Trade receivables40 | - | €6,982 | €12,639 | ▲ 81.0% |
| Other amounts receivable41 | €2,644 | €4,521 | €892 | ▼ 80.3% |
| Cash at bank and in hand54/58 | - | €13,322 | €23,322 | ▲ 75.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €32,732 | €54,323 | €77,840 | ▲ 43.3% |
| Equity10/15 | €18,005 | €29,802 | €26,290 | ▼ 11.8% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | €3,005 | €14,802 | €11,290 | ▼ 23.7% |
| Amounts payable17/49 | €14,727 | €24,520 | €51,550 | ▲ 110% |
| Amounts payable within one year42/48 | €14,727 | €24,520 | €50,750 | ▲ 107% |
| Trade debts44 | - | €872 | €3,273 | ▲ 275% |
| Suppliers440/4 | - | €872 | €3,273 | ▲ 275% |
| Taxes, remuneration and social security45 | - | €17,062 | €7,609 | ▼ 55.4% |
| Taxes450/3 | - | €10,318 | €7,609 | ▼ 26.3% |
| Remuneration and social security454/9 | - | €6,744 | - | - |
| Other amounts payable47/48 | €14,727 | €6,587 | €39,868 | ▲ 505% |
| Accrued charges and deferred income492/3 | - | - | €800 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,005 | €11,797 | -€3,512 | ▼ 130% |
| Operating cash flow (approximation) | €3,005 | €11,797 | -€3,512 | ▼ 130% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | - | €10,000 | - |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52018A0020/00R017 | Wallonia | 174 m² | 1 · 175 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Food safety, FASFC
1 siteSimilar companies · same sector, comparable size
Identification & contact
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.