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Generated 15-07-2026
Active BE 0805.720.008Private limited company

MS GROUP SOLUTIONS

Lichtaartseweg 18B ·2250 Olen, Belgium· 2 yrs active
Sector: Personal services (96210)
Conclusion Checked

The computed 12-month bankruptcy probability of MS GROUP SOLUTIONS is 3.5% (moderate). The 2024 annual accounts show negative equity (€-16k) and a net result of €-16k. Its solvency ranks better than 11% of 1734 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €-16k
Net result €-16k
Better than sector 11%
Active 2 yrs
Snowflake analysis 5 axes · computed by Checked
Health0Profitability33Solvency33Growth50Stability67
37 / 100

Fragile profile, watch health in particular.

Health 0
Profitability 33
Solvency 33
Growth 50
Stability 67
Bankruptcy probability (12 mo) Checked model v1 · free
3.5% Moderate
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
0 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 27-06-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 96, Personal services · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -131.7% 14.9%
better than 11% of 1734 sector peers
Net result €-16k €1k
better than 11% of 1731 sector peers
Equity €-16k €5k
better than 14% of 1738 sector peers
Gross operating margin €-9k €16k
better than 7% of 1731 sector peers
Total assets €12k €46k
better than 23% of 1735 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Revenue€21k
EBITDA€-9k
Net profit€-16k
Cash flow€-9k
Staff costs-
Income taxes-
Dividends-
Total assets€12k
Equity€-16k
Debt€28k
of which ≤ 1y€28k
of which > 1y-
Working capital€-28k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.00
Quick ratio0.00
Working capital ratio-230.9%
Solvency-131.7%
Debt / equity-1.76
Long-term debt ratio-
Interest coverage-117.07
Gross margin-42.3%
Net margin-78.5%
ROA-135.9%
ROE103.2%
EBITDA margin-42.9%
Days sales outstanding-
Days payable outstanding42d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€12k
Fixed assets 21/28€11k
Formation expenses 20€336
Tangible fixed assets 22/27€9k
Financial fixed assets 28€2k
Current assets 29/58€93
Cash & bank 54/58€93
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€12k
Equity 10/15€-16k
Contributions / capital 10/11€500
Accumulated profits (losses) 14€-16k
Amounts payable 17/49€28k
Amounts payable within one year 42/48€28k
Trade debts payable within one year 44€3k
Income statement
Turnover 70€21k
Gross operating margin 9900€-9k
Operating result 9901€-16k
Financial charges 65€76
Result before taxes 9903€-16k
Net result for the period 9904€-16k
Result to be appropriated 9905€-16k
Ratios computed by Checked.
Legal Structure
NACE primary Personal services(96210)
Legal form Private limited company(610)
Incorporation12-09-2023
StatusActive
Postal code2250
Establishment units 1 location
MS GROUP SOLUTIONS
Lichtaartseweg 18B, 2250 OlenDetailhandel in cosmetica en toiletartikelen
since 20232.349.154.908
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13029C0136/00X005 Flanders 735 m² 1 · 193 m² 9.7 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 2 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
27-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2023
29-09-2023
State Gazette act Registered-office change
Belgisch Staatsblad, acts 1 acts
Address history · 1
29-09-2023
Registered-office move
All acts · 1 updated 2 years ago
2023
29-09-2023 Registered office moved within Olen Registered-office change
  • Lichtaartseweg 18, 2250 Olen → Lichtaartseweg 18B, 2250 Olen
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Lichtaartseweg 18B, 2250 Olen",
        "city": "Olen",
        "region": "vlaams_gewest",
        "street": "Lichtaartseweg",
        "country": "BE",
        "postcode": "2250",
        "box_number": null,
        "street_number": "18B",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Lichtaartseweg 18, 2250 Olen",
        "city": "Olen",
        "region": "vlaams_gewest",
        "street": "Lichtaartseweg",
        "country": "BE",
        "postcode": "2250",
        "box_number": null,
        "street_number": "18",
        "locality_suffix": null
      },
      "effective_date": null,
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "act_body",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "not_specified",
      "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": "2023-09-29",
    "filing_date": "2023-09-20",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2023-09-15",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0805.720.008",
    "name_full": "MS GROUP SOLUTIONS",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Mahmoud Makhal",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Haarverzorging96021Kappers- en barbiersactiviteiten96210
Primary activity highlighted.
Names & trade names
Legal nameNL MS GROUP SOLUTIONS
Registered office
Lichtaartseweg 18B
2250 Olen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative