MS COMPANY
ActiveMS COMPANY has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106k and a net result of €52k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 72% of 7931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency91▲+19
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.95 against 1.89 in 2024; short-term debt: 33.7% and cash: 66.1% of total assets), and 33.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
66.3%
Return on assets
32.7%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €106k
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
6 d early
2023
12 d early
2022
12 d early
2021
3 d early
2020
4 d early
2019
56 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€52k▲ 5.5%
2024 · €50k
2018: €15k
2019: €25k
2020: €30k
2021: €34k
2022: €45k
2023: €54k
2024: €50k
2018 → 2025
Working capital
€106k▲ 27.1%
2024 · €83k
2018: €91k
2019: €99k
2020: €100k
2021: €91k
2022: €89k
2023: €87k
2024: €83k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€91k▼ 2.7%€84k▼ 7.0%€84k▼ 0.4%€106k▲ 26.7%
Operating result€47k-€66k▲ 42.6%€77k▲ 16.0%€71k▼ 8.0%€75k▲ 6.0%
Net result€34k-€45k▲ 33.3%€54k▲ 19.1%€50k▼ 7.4%€52k▲ 5.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €161k
Fixed assets
€506▼ 21.4%
Current assets
€160k▼ 9.3%
Equity and liabilities €161k
Equity
€106k▲ 26.7%
Debt
€54k▼ 41.8%
The debt ratio falls from 52.6% to 33.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€75k▲
2024 · €71k
Cash flow
€53k▲
2024 · €50k
Solvency
66.3%▲
2024 · 47.4%
Current ratio
2.95▲
2024 · 1.89
Quick ratio
2.95▲
2024 · 1.89
Debt / equity
0.51▼
2024 · 1.11
ROE
49.3%▼
2024 · 59.2%
ROA
32.7%▲
2024 · 28.1%
Interest coverage
136.09▼
2024 · 140.50
Debt
€54k▼
2024 · €93k
Debt ≤ 1 year
€54k▼
2024 · €93k
Income taxes
€22k▲
2024 · €21k
Staff costs
€2k=
2024 · €2k
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€177k€161k▼
Fixed assets21/28€644€506▼
Tangible fixed assets22/27€644€506▼
Furniture and vehicles24€496€496=
Other tangible fixed assets26€148€10▼
Current assets29/58€176k€160k▼
Amounts receivable within one year40/41€37k€13k▼
Trade receivables40€7k€13k▲
Other amounts receivable41€30k-
Current investments50/53€40k€40k=
Cash at bank and in hand54/58€99k€106k▲
Deferred charges and accrued income490/1€290€1k▲
Equity and liabilities
Total equity and liabilities10/49€177k€161k▼
Equity10/15€84k€106k▲
Contributions10/11€19k€19k=
Reserves13€62k€82k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€60k€80k▲
Profit (loss) carried forward14€3k€6k▲
Amounts payable17/49€93k€54k▼
Amounts payable within one year42/48€93k€54k▼
Current portion of amounts payable after more than one year42€2k€2k▼
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€23k€21k▼
Taxes450/3€23k€21k▼
Other amounts payable47/48€66k€26k▼
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€2k€2k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€408€138▼
Other operating charges640/8€673€1k▲
Non-recurring operating charges66A€289€278▼
Gross operating margin9900€75k€79k▲
Operating profit (loss)9901€71k€75k▲
Financial income75/76B€791€256▼
Recurring financial income75€791€256▼
Financial charges65/66B€507€553▲
Recurring financial charges65€507€553▲
Profit (loss) for the period before taxes9903€71k€75k▲
Income taxes67/77€21k€22k▲
Profit (loss) for the period9904€50k€52k▲
Profit (loss) for the period to be appropriated9905€50k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€73k€56k▼
Profit (loss) brought forward from the previous period14P€24k€3k▼
Transfer to equity691/2€20k€20k=
To other reserves6921€20k€20k=
Profit to be distributed694/7€50k€30k▼
Return on contributions (dividend)694€50k€30k▼
The notes to these accounts (6 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €100kEq €106k ▲26.7%
8 profitable years in a row build equity to €106k.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €54k ▲19.1%
Operating result €77k, net result €54k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 56 days late
2019
31-12
Financial
Equity above €100kEq €104k ▲5.8%
2 profitable years in a row build equity to €104k.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Elsene · 1 establishment unit since 2004
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.
Franz Merjaystraat 65-671050 ElseneGround area
244 m²
Building footprint
103 m²
Volume, LiDAR
1,236 m³
Parcel 21447B0308/00H003, Brussels · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MS COMPANY
since 20042.145.403.834
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0308/00H003indicative | Brussels | 244 m² | 1 · 102 m² | 17.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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
Duurzaam
BE 0861.926.954
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NYLCOTEX
BE 0881.285.283
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HORUS EXPORT
BE 0568.666.161
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Lorette
BE 0644.953.889
Antwerpen · Eq €105k
AMV Agency & Consultancy
BE 0759.373.507
Antwerpen · Eq €105k
Of 1,275 companies in sector 46160 we hold annual accounts for 685. 536 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2004
Fiscal year end31-12
Activities, NACEBEL
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
51160
47789Other retail sale of new goods
52498
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.