MS Constructions
The computed 12-month bankruptcy probability of MS Constructions is 2.4% (moderate). The 2024 annual accounts show equity of €93k and a net result of €30k. Equity is growing by ~69.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 977 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €93k |
| Net result | €30k |
| Staff (FTE) | 0.4 |
| Better than sector | 80% |
Exceptional profile, strong across almost every axis.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 62.9% | 35.4% | |
| Net result | €30k | €29k | |
| Equity | €93k | €118k | |
| Gross operating margin | €70k | €173k | |
| Staff costs | €18k | €195k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €51k |
| Net profit | €30k |
| Cash flow | €41k |
| Staff costs | €18k |
| Income taxes | €8k |
| Dividends | - |
| Total assets | €148k |
| Equity | €93k |
| Debt | €55k |
| of which ≤ 1y | €31k |
| of which > 1y | €21k |
| Working capital | €82k |
| Employees (FTE) | 0.4 |
| 2024 | |
|---|---|
| Current ratio | 3.67 |
| Quick ratio | 3.67 |
| Working capital ratio | 55.4% |
| Solvency | 62.9% |
| Debt / equity | 0.59 |
| Long-term debt ratio | 0.23 |
| Interest coverage | 15.81 |
| Gross margin | - |
| Net margin | - |
| ROA | 20.1% |
| ROE | 32.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €148k |
| Fixed assets | 21/28 | €35k |
| Tangible fixed assets | 22/27 | €31k |
| Financial fixed assets | 28 | €4k |
| Current assets | 29/58 | €113k |
| Amounts receivable within one year | 40/41 | €63k |
| Cash & bank | 54/58 | €50k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €148k |
| Equity | 10/15 | €93k |
| Contributions / capital | 10/11 | €3k |
| Reserves | 13 | €90k |
| Amounts payable | 17/49 | €55k |
| Amounts payable after one year | 17 | €21k |
| Amounts payable within one year | 42/48 | €31k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €70k |
| Operating result | 9901 | €39k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €38k |
| Income taxes | 67/77 | €8k |
| Net result for the period | 9904 | €30k |
| Result to be appropriated | 9905 | €30k |
| NACE primary | Joinery(43320) |
| Legal form | Private limited company(610) |
| Incorporation | 17-01-2022 |
| Status | Active |
| Postal code | 8720 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37002C0315/00D000 | Flanders | 873 m² | 1 · 367 m² | 6.3 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
24-02-2026 Registered office moved from Oostrozebeke to Dentergem
- Kerkstraat 17, 8780 Oostrozebeke → Statiestraat 10, 8720 Dentergem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Statiestraat 10, 8720 Dentergem",
"city": "Dentergem",
"region": "vlaams_gewest",
"street": "Statiestraat",
"country": "BE",
"postcode": "8720",
"box_number": null,
"street_number": "10",
"locality_suffix": null
},
"old_address": {
"raw": "Kerkstraat 17, 8780 Oostrozebeke",
"city": "Oostrozebeke",
"region": "vlaams_gewest",
"street": "Kerkstraat",
"country": "BE",
"postcode": "8780",
"box_number": null,
"street_number": "17",
"locality_suffix": null
},
"effective_date": "2025-12-16",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2026-02-24",
"filing_date": "2026-02-16",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "raad_van_bestuur",
"date": "2025-12-16",
"unanimous": null
},
"subject_company": {
"kbo": "0780.544.746",
"name_full": "MS Constructions",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Maxim Shevelev",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": []
}19-01-2022 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "8780 Oostrozebeke, Kerkstraat 17",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "2001-08-30",
"name": "SHEVELEV Maxim",
"niss": null,
"address": "8710 Wielsbeke, Reynaertstraat 2"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 3000,
"holder_person_name": "SHEVELEV Maxim",
"is_subscriber_only": false,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 3000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 3000,
"subject_company": {
"kbo": "0780.544.746",
"name_full": "MS Constructions",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2022-01-14",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | MS Constructions |