MS Car Company
ActiveMS Car Company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €225k and a net result of €43k. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 34% of 7931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+39
Solvency53▲+5
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.62 in 2024; short-term debt: 52.1% and cash: 4.3% of total assets), and 71.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
28.4%
Return on assets
5.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
93 d early
2023
254 d late
2022
58 d early
2021
82 d early
2020
93 d early
2019
88 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€225k▲ 23.5%
2024 · €182k
2018: €268k
2019: €275k
2020: €290k
2021: €207k
2022: €209k
2023: €208k
2024: €182k
2018 → 2025
Total assets
€793k▼ 2.1%
2024 · €810k
2018: €1.30M
2019: €1.37M
2020: €1.29M
2021: €1.26M
2022: €1.10M
2023: €1.02M
2024: €810k
2018 → 2025
Net result
€43k
2024 · €-25k
2018: €39k
2019: €7k
2020: €15k
2021: €16k
2022: €33k
2023: €-2k
2024: €-25k
2018 → 2025
Working capital
€-137k▲ 10.7%
2024 · €-154k
2018: €80k
2019: €65k
2020: €71k
2021: €-50k
2022: €-73k
2023: €-99k
2024: €-154k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€207k-€209k▲ 1.4%€208k▼ 0.9%€182k▼ 12.1%€225k▲ 23.5%
Operating result€48k-€68k▲ 41.2%€33k▼ 51.5%€8k▼ 75.9%€71k▲ 789%
Net result€16k-€33k▲ 104%€-2k€-25k▼ 1,206%€43k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 789% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €793k
Fixed assets
€517k▼ 6.8%
Current assets
€276k▲ 8.2%
Equity and liabilities €793k
Equity
€225k▲ 23.5%
Debt
€568k▼ 9.5%
The debt ratio falls from 77.5% to 71.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€111k▲
2024 · €47k
Cash flow
€82k▲
2024 · €14k
Solvency
28.4%▲
2024 · 22.5%
Current ratio
0.67▲
2024 · 0.62
Quick ratio
0.09▼
2024 · 0.18
Debt / equity
2.52▼
2024 · 3.44
ROE
19.0%▲
2024 · -13.8%
ROA
5.4%▲
2024 · -3.1%
Interest coverage
4.91▲
2024 · 1.42
Debt
€568k▼
2024 · €628k
Debt ≤ 1 year
€413k▲
2024 · €409k
Debt > 1 year
€149k▼
2024 · €215k
Income taxes
€6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€810k€793k▼
Fixed assets21/28€555k€517k▼
Tangible fixed assets22/27€555k€517k▼
Land and buildings22€519k€479k▼
Other tangible fixed assets26€36k€38k▲
Current assets29/58€255k€276k▲
Stocks and contracts in progress3€181k€238k▲
Stocks30/36€181k€238k▲
Amounts receivable within one year40/41€20k€3k▼
Trade receivables40€20k€3k▼
Cash at bank and in hand54/58€53k€34k▼
Deferred charges and accrued income490/1€2k€271▼
Equity and liabilities
Total equity and liabilities10/49€810k€793k▼
Equity10/15€182k€225k▲
Contributions10/11€19k€19k=
Reserves13€177k€206k▲
Distributable reserves133€177k€206k▲
Profit (loss) carried forward14€-13k€208▲
Amounts payable17/49€628k€568k▼
Amounts payable after more than one year17€215k€149k▼
Financial debts170/4€200k€134k▼
Other amounts payable178/9€15k€15k=
Amounts payable within one year42/48€409k€413k▲
Current portion of amounts payable after more than one year42€64k€66k▲
Financial debts43€300k€300k=
Credit institutions430/8€300k€300k=
Trade debts44€36k€24k▼
Suppliers440/4€36k€24k▼
Taxes, remuneration and social security45€9k€24k▲
Taxes450/3€9k€24k▲
Other amounts payable47/48-€40
Accrued charges and deferred income492/3€4k€6k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€2k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€39k=
Other operating charges640/8€8k€8k▼
Gross operating margin9900€55k€118k▲
Operating profit (loss)9901€8k€71k▲
Financial income75/76B€199€1▼
Recurring financial income75€199€1▼
Financial charges65/66B€33k€23k▼
Recurring financial charges65€33k€23k▼
Profit (loss) for the period before taxes9903€-25k€49k▲
Income taxes67/77-€6k
Profit (loss) for the period9904€-25k€43k▲
Profit (loss) for the period to be appropriated9905€-25k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€30k▲
Profit (loss) brought forward from the previous period14P€12k€-13k▼
Transfer to equity691/2-€30k
To other reserves6921-€30k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €43k
Net result €43k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €225k ▲23.5%
Equity rises from €182k to €225k.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 254 days late
2024
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
2023
03-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Blauwesteenstraat 832550 KontichGround area
729 m²
Building footprint
30 m²
Volume, LiDAR
49 m³
Parcel 11602E0035/00N015, Flanders · tallest building 11.1 m. Linked by address, not a title deed.
1 establishment unit
MS Car Company
since 20122.208.271.217
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602E0035/00N015 | Flanders | 729 m² | 1 · 30 m² | 11.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CALIFORNIA DREAM
BE 0670.665.324
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BE 0872.782.739
Boechout · Eq €225k
V.G. BRUSSELS RECYCLING
BE 0454.946.133
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LEE CARS
BE 0442.031.770
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GARAGE DAHIN D.
BE 1008.671.227
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Of 2,129 companies in sector 46711 we hold annual accounts for 1,124. 742 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-02-2012
Fiscal year end31-12
Activities, NACEBEL
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.