Turnover
≈ €210,000 estimated
The micro format states no turnover.
MS CONSTRUCTION GROUP
Lifetime
1 annual account with figurespeak €37,053 (2025)
€37,053
peak €25,218 (2025)
€25,218
peak €29,218 (2025)
€29,218
€28,749
Board1 name since 2025
1 directorSALMI Mouad
Documentsfilings and deeds
16-07-202615 days before the deadline
2025micro format
Incorporation 12-021 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsStarting capital
€4,000 100 shares
Checked score
55
Fair
Financially stronger than 57% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2026: 1.9%
04-2026: 1.9%● unchanged vs 03-2026
05-2026: 2.0%▲ +0.1 percentage points vs 04-2026
06-2026: 2.4%▲ +0.4 percentage points vs 05-2026
07-2026: 2.4%● unchanged vs 06-2026highest value
08-2026: 1.8%▼ -0.6 percentage points vs 07-2026lowest value
09-2026: 1.9%▲ +0.1 percentage points vs 08-2026
10-2026: 2.0%▲ +0.1 percentage points vs 09-2026
11-2026: 2.0%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2025
Size: total assets €57,967
Sector: Specialised construction activities (NACE 43)
lowers risk
Equity €29,218 (50.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 55% of them on solvency, 24% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as MS CONSTRUCTION GROUP has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of MS CONSTRUCTION GROUP itself is higher: 2.0% within 12 months. It rests on far more data about MS CONSTRUCTION GROUP than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 11,279 companies, not a prediction for MS CONSTRUCTION GROUP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.34, below the usual 1.5. Short-term debt is 49.6% and cash 8.5% of total assets. 49.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 16-07-2026, 15 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
15 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1019811676
Incorporation
Founding capital of €4,000, 100 shares · Founder: SALMI Mouad · Appointment: SALMI Mouad (director) · published on 12-02-2025 · Gazette deed
First establishment
Ernest Claeslaan 56, Sint-Niklaas
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MS CONSTRUCTION GROUP Sint-Niklaas | €57,967 | €37,053 | 50.4% | - |
| Zeb Wellekens Zottegem | €57,223 | €44,750 | 37.8% | - |
| DSG-Estates Kinrooi | €60,578 | €38,052 | 48.2% | - |
| Terra Tech Montigny-le-Tilleul | €57,883 | €41,871 | 53.0% | - |
| Grondwerken Mike Uytterhoeven Heist-op-den-Berg | €54,017 | €38,016 | 52.3% | - |
| PIPETECHPRO Steenokkerzeel | €50,836 | €32,501 | 60.2% | - |
| BILGIN CONSTRUCT Kraainem | €62,096 | €46,040 | 78.1% | - |
These companies have the same main activity as MS CONSTRUCTION GROUP: site preparation (NACE 43120). They are comparable in size and age: total assets between €50,800 and €62,100, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 10-02-2025Normal situation
- Activity
- Site preparationNACE 43120and 4 others
- Establishment unit
- 2.369.811.0579111 Sint-Niklaas, since 10-02-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 27-10-2025
Annual accounts 2025
- €57,967
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on MS CONSTRUCTION GROUP
The computed 12-month bankruptcy probability of MS CONSTRUCTION GROUP is 2.0% (moderate). The 2025 annual accounts show equity of €29,218 and a net result of €25,218.
Its solvency ranks better than 54% of 35,136 sector peers (NACE 43, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MS CONSTRUCTION GROUP
- What is the company number of MS CONSTRUCTION GROUP?
- The company number of MS CONSTRUCTION GROUP is 1019.811.676. The VAT number is the same number with BE in front: BE 1019.811.676.
- Where is MS CONSTRUCTION GROUP based?
- The registered office is at Ernest Claeslaan 56, 9111 Sint-Niklaas.Company details
- What does MS CONSTRUCTION GROUP do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of MS CONSTRUCTION GROUP?
- MS CONSTRUCTION GROUP is a private limited company (BV).
- When was MS CONSTRUCTION GROUP founded?
- MS CONSTRUCTION GROUP was founded on 10-02-2025.
- Is MS CONSTRUCTION GROUP still active?
- Yes, MS CONSTRUCTION GROUP is an active enterprise in the KBO register.
- What is the turnover of MS CONSTRUCTION GROUP?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €37,053 and 30 comparable companies (NACE 431). It probably lies between €140,000 and €440,000.Financials
- Is MS CONSTRUCTION GROUP profitable?
- In financial year 2025, MS CONSTRUCTION GROUP made a profit of €25,218.
- Where can I find the annual accounts of MS CONSTRUCTION GROUP?
- MS CONSTRUCTION GROUP filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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