MS Design

Active

Private limited companyfounded 20214 yrs activeEgelspoelstraat 30, 2340 Beerse, BelgiumKBO/BCE: BE 0776.709.682

The computed 12-month bankruptcy probability of MS Design is 2.0% (moderate). The 2025 annual accounts show equity of €112k and a net result of €35k. Equity is growing by ~61.1% per year across the filed fiscal years. Its solvency ranks better than 78% of 27619 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

85 / 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

Profitability97▼-3

Solvency99▼-1

Growth78=

Track record94

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €9k at 30 days acceptable

Liquidity ample (current ratio 5.19 against 4.23 in 2024; short-term debt: 12.6% and cash: 50.4% of total assets), and 26.3% 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

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

−lowers risk+raises risk○neutral

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

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

73.7%

Return on assets

22.8%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-05-2026, 81 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

81 d early

2024

20 d early

2023

43 d early

2022

25 d early

← before the deadline after the deadline →

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 months

Position in the running window

20-09-2026 today31-12-2026 close31-07-2027 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 2025, micro schema

Equity

€112k▲ 44.8%

2024 · €78k

2022: €12k 2023: €34k 2024: €78k

2022 → 2025

Total assets

€152k▲ 52.0%

2024 · €100k

2022: €72k 2023: €79k 2024: €100k

2022 → 2025

Net result

€35k▼ 20.2%

2024 · €44k

2022: €10k 2023: €22k 2024: €44k

2022 → 2025

Working capital

€80k▲ 11.5%

2024 · €72k

2022: €-5k 2023: €20k 2024: €72k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€12k-€34k▲ 182%€78k▲ 128%€112k▲ 44.8%

Operating result€14k-€30k▲ 122%€60k▲ 99.0%€48k▼ 20.0%

Net result€10k-€22k▲ 130%€44k▲ 98.1%€35k▼ 20.2%

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

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 20% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €152k

34.7%

65.3%

Fixed assets €53k▲ 786%

Current assets €100k▲ 5.5%

Equity and liabilities €152k

73.7%

26.3%

Equity €112k▲ 44.8%

Debt €40k▲ 76.4%

The debt ratio rises from 22.7% to 26.3%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€62k▼

2024 · €64k

Cash flow

€49k▲

2024 · €48k

Solvency

73.7%▼

2024 · 77.3%

Current ratio

5.19▲

2024 · 4.23

Quick ratio

5.19▲

2024 · 4.23

Debt / equity

0.36▲

2024 · 0.29

ROE

30.9%▼

2024 · 56.1%

ROA

22.8%▼

2024 · 43.4%

Interest coverage

13.22▼

2024 · 13.97

Debt

€40k▲

2024 · €23k

Debt ≤ 1 year

€19k▼

2024 · €22k

Debt > 1 year

€21k▲

2024 · €0

Income taxes

€9k▼

2024 · €12k

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€100k€152k▲

Fixed assets21/28€6k€53k▲

Tangible fixed assets22/27€6k€53k▲

Plant, machinery and equipment23€1k€10k▲

Furniture and vehicles24€3k€2k▼

Leasing and similar rights25-€39k

Other tangible fixed assets26€2k€2k▼

Current assets29/58€94k€100k▲

Amounts receivable within one year40/41€39k€22k▼

Trade receivables40€29k€2k▼

Other amounts receivable41€9k€20k▲

Cash at bank and in hand54/58€53k€77k▲

Deferred charges and accrued income490/1€3k€857▼

Equity and liabilities

Total equity and liabilities10/49€100k€152k▲

Equity10/15€78k€112k▲

Contributions10/11€3k€3k=

Reserves13€75k€110k▲

Distributable reserves133€75k€110k▲

Amounts payable17/49€23k€40k▲

Amounts payable after more than one year17€0€21k▲

Financial debts170/4€0€21k▲

Amounts payable within one year42/48€22k€19k▼

Current portion of amounts payable after more than one year42€5k€6k▲

Trade debts44€3k€4k▲

Suppliers440/4€3k€4k▲

Taxes, remuneration and social security45€3k€5k▲

Taxes450/3€3k€5k▲

Remuneration and social security454/9€100€0▼

Other amounts payable47/48€11k€5k▼

Accrued charges and deferred income492/3€466€67▼

Income statement Code20242025

Remuneration, social security and pensions62€0-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€14k▲

Other operating charges640/8€1k€2k▲

Gross operating margin9900€65k€64k▼

Operating profit (loss)9901€60k€48k▼

Financial income75/76B€249€252▲

Recurring financial income75€249€252▲

Financial charges65/66B€5k€5k▲

Recurring financial charges65€5k€5k▲

Profit (loss) for the period before taxes9903€56k€43k▼

Income taxes67/77€12k€9k▼

Profit (loss) for the period9904€44k€35k▼

Profit (loss) for the period to be appropriated9905€44k€35k▼

Appropriation of the result

Profit (loss) to be appropriated9906€44k€35k▼

Transfer to equity691/2€44k€35k▼

To the legal reserve6920€0-

To other reserves6921€44k€35k▼

The notes to these accounts (16 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 7Financial 3Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-05

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Equity above €100kEq €112k ▲44.8%

4 profitable years in a row build equity to €112k.

11-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2022net €44k ▲98.1%

Operating result €60k, net result €44k, both a record.

31-12

Financial Liquidity triplescurrent ratio 4.23

Current ratio from 1.50 to 4.23; short-term debt falls from €40k to €22k.

18-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

06-07

NBB filing Annual accounts filed

fiscal year 2022 · 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, Beerse · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Egelspoelstraat 302340 Beerse

Ground area

1,067 m²

Building footprint

141 m²

Volume, LiDAR

787 m³

Parcel 13004C0318/00K000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

MS Design

Egelspoelstraat 30, 2340 BeerseManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20212.323.818.805

1 parcel

Flanders 1 (100%)