MS-CO

Active

Private limited companyfounded 20233 yrs activeElfde-julilaan(Kor) 134, 8500 Kortrijk, BelgiumKBO/BCE: BE 0802.787.836

MS-CO has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €84k and a net result of €49k. Its solvency ranks better than 57% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2024

100 / 100

Excellent▲ +14 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency100▲+25

Growth78

Stability94

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €8k at 30 days acceptable

Liquidity ample (current ratio 4.52 against 1.77 in 2023), and 31.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

20 d early

2023

33 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€84k▲ 132%

2023 · €36k

2023: €36k

2023 → 2024

Total assets

€123k▲ 24.9%

2023 · €99k

2023: €99k

2023 → 2024

Net result

€49k▲ 51.4%

2023 · €32k

2023: €32k

2023 → 2024

Working capital

€68k▲ 193%

2023 · €23k

2023: €23k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€36k-€84k▲ 132%

Operating result€42k-€64k▲ 53.3%

Net result€32k-€49k▲ 51.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2024; 2024 is 53% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €123k

29.1%

70.9%

Fixed assets €36k▼ 21.0%

Current assets €87k▲ 64.1%

Equity and liabilities €123k

68.3%

31.7%

Equity €84k▲ 132%

Debt €39k▼ 37.3%

The debt ratio falls from 63.2% to 31.7%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€74k▲

2023 · €47k

Cash flow

€59k▲

2023 · €38k

Solvency

68.3%▲

2023 · 36.8%

Current ratio

4.52▲

2023 · 1.77

Quick ratio

4.52▲

2023 · 1.77

Debt / equity

0.46▼

2023 · 1.72

ROE

57.9%▼

2023 · 88.5%

ROA

39.5%▲

2023 · 32.6%

Interest coverage

42.37▲

2023 · 41.40

Debt

€39k▼

2023 · €62k

Debt ≤ 1 year

€19k▼

2023 · €30k

Debt > 1 year

€20k▼

2023 · €32k

Income taxes

€14k▲

2023 · €9k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€99k€123k▲

Fixed assets21/28€45k€36k▼

Tangible fixed assets22/27€45k€36k▼

Furniture and vehicles24€45k€36k▼

Current assets29/58€53k€87k▲

Amounts receivable within one year40/41€15k€19k▲

Trade receivables40€15k€19k▲

Other amounts receivable41-€362

Cash at bank and in hand54/58€37k€66k▲

Deferred charges and accrued income490/1€1k€2k▲

Equity and liabilities

Total equity and liabilities10/49€99k€123k▲

Equity10/15€36k€84k▲

Contributions10/11€5k€5k=

Reserves13€31k€79k▲

Distributable reserves133€31k€79k▲

Profit (loss) carried forward14€0€0=

Amounts payable17/49€62k€39k▼

Amounts payable after more than one year17€32k€20k▼

Financial debts170/4€32k€20k▼

Amounts payable within one year42/48€30k€19k▼

Current portion of amounts payable after more than one year42€12k€12k▲

Trade debts44€250€1k▲

Suppliers440/4€250€1k▲

Taxes, remuneration and social security45€17k€5k▼

Taxes450/3€17k€5k▼

Other amounts payable47/48€833€867▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€10k▲

Other operating charges640/8€155€280▲

Gross operating margin9900€47k€75k▲

Operating profit (loss)9901€42k€64k▲

Financial income75/76B€65€0▼

Recurring financial income75€65€0▼

Financial charges65/66B€1k€2k▲

Recurring financial charges65€1k€2k▲

Profit (loss) for the period before taxes9903€41k€62k▲

Income taxes67/77€9k€14k▲

Profit (loss) for the period9904€32k€49k▲

Profit (loss) for the period to be appropriated9905€32k€49k▲

Appropriation of the result

Profit (loss) to be appropriated9906€32k€49k▲

Transfer to equity691/2€31k€48k▲

To other reserves6921€31k€48k▲

Profit to be distributed694/7€833€859▲

Return on contributions (dividend)694€833€859▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

2025

11-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Liquidity triplescurrent ratio 4.52

Current ratio from 1.77 to 4.52; short-term debt falls from €30k to €19k.

28-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Kortrijk · 1 establishment unit since 2023

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.

Elfde-julilaan(Kor) 1348500 Kortrijk

Ground area

120 m²

Building footprint

69 m²

Volume, LiDAR

477 m³

Parcel 34353B0220/00R006, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

MS-CO

Elfde-julilaan(Kor) 134, 8500 KortrijkIT consultancy

since 20232.346.630.730

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34353B0220/00R006	Flanders	120 m²	1 · 69 m²	11.8 m · 3 fl.

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

Grobbendonk · Eq €84k

Kautz.io

BE 0774.343.872

Zottegem · Eq €84k

Of 29,880 companies in sector 62200 we hold annual accounts for 18,324. 15,540 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded15-06-2023

Fiscal year end31-12

Activities, NACEBEL

62020IT consultancy

62200Computer consultancy and computer facilities management

70200Business and other management consultancy

70220Business consulting

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.