MS-IMMO
ActiveMS-IMMO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €46k. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 4559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency18▼-17
Growth58=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.79 in 2024), and 88.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
11.3%
Return on assets
22.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-03-2026, 38 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
38 d early
2024
1 d early
2023
7 d early
2022
10 d late
2021
52 d late
2020
2 d early
2019
21 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€150k
EBIT margin
2.1%
Net result
€46k▲ 398%
2024 · €9k
2018: €7k
2019: €9k
2020: €3k
2021: €8k
2022: €-664
2023: €35k
2024: €9k
2018 → 2025
Working capital
€-10k▲ 27.2%
2024 · €-14k
2018: €-43k
2019: €-42k
2020: €-21k
2021: €845
2022: €18k
2023: €19k
2024: €-14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€61k-€60k▼ 1.1%€70k▲ 16.2%€23k▼ 66.5%€23k▼ 0.6%
Operating result€11k-€144▼ 98.7%€45k▲ 31,179%€12k▼ 72.3%€63k▲ 407%
Net result€8k-€-664€35k€9k▼ 73.4%€46k▲ 398%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 407% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €205k
Fixed assets
€33k▼ 10.3%
Current assets
€172k▲ 231%
Equity and liabilities €205k
Equity
€23k▼ 0.6%
Debt
€182k▲ 176%
The debt ratio rises from 73.8% to 88.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€83k▲
2024 · €32k
Cash flow
€66k▲
2024 · €29k
Solvency
11.3%▼
2024 · 26.2%
Current ratio
0.94▲
2024 · 0.79
Quick ratio
0.26▼
2024 · 0.79
Debt / equity
7.83▲
2024 · 2.82
ROE
197.4%▲
2024 · 39.4%
ROA
22.4%▲
2024 · 10.3%
Interest coverage
474.75▲
2024 · 206.71
Debt
€182k▲
2024 · €66k
Debt ≤ 1 year
€182k▲
2024 · €66k
Income taxes
€17k▲
2024 · €3k
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€89k€205k▲
Formation expenses20€172€57▼
Fixed assets21/28€37k€33k▼
Intangible fixed assets21€15k€5k▼
Tangible fixed assets22/27€22k€28k▲
Plant, machinery and equipment23€16k€12k▼
Furniture and vehicles24€1k€2k▲
Other tangible fixed assets26€5k€14k▲
Current assets29/58€52k€172k▲
Stocks and contracts in progress3-€124k
Stocks30/36-€124k
Amounts receivable within one year40/41€17k€31k▲
Trade receivables40€15k€12k▼
Other amounts receivable41€2k€18k▲
Current investments50/53€0-
Cash at bank and in hand54/58€35k€14k▼
Deferred charges and accrued income490/1€691€3k▲
Equity and liabilities
Total equity and liabilities10/49€89k€205k▲
Equity10/15€23k€23k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€3k€3k▼
Amounts payable17/49€66k€182k▲
Amounts payable within one year42/48€66k€182k▲
Trade debts44€4k€36k▲
Suppliers440/4€4k€36k▲
Taxes, remuneration and social security45€12k€1k▼
Taxes450/3€12k€1k▼
Other amounts payable47/48€50k€144k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€20k▲
Other operating charges640/8€993€414▼
Gross operating margin9900€33k€84k▲
Operating profit (loss)9901€12k€63k▲
Financial income75/76B€53€110▲
Recurring financial income75€53€110▲
Financial charges65/66B€154€175▲
Recurring financial charges65€154€175▲
Profit (loss) for the period before taxes9903€12k€63k▲
Income taxes67/77€3k€17k▲
Profit (loss) for the period9904€9k€46k▲
Profit (loss) for the period to be appropriated9905€9k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€58k€49k▼
Profit (loss) brought forward from the previous period14P€49k€3k▼
Profit to be distributed694/7€56k€46k▼
Return on contributions (dividend)694€56k€46k▼
The notes to these accounts (15 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
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €46k ▲398%
Operating result €63k, net result €46k, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
30-09
Financial
Weakest financial yearnet €-664 ▼109%
Net result drops to €-664, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 52 days late
2021
30-09
Financial
Liquidity doublescurrent ratio 1.03
Current ratio from 0.47 to 1.03; short-term debt falls from €40k to €25k.
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-04
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Fernelmont · 3 establishment units since 2016
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.
Rue de Branchon, Forv. 945380 FernelmontGround area
3,104 m²
Building footprint
542 m²
3 parcels, Wallonia. Linked by address, not a title deed.
3 establishment units
MS-IMMO
since 20162.256.572.267
MS-IMMO
since 20242.357.709.813
MS-IMMO
since 20252.377.996.471
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92047B0307/00K004 | Wallonia | 1,770 m² | 1 · 296 m² | - |
| 92047C0393/00L000 | Wallonia | 1,065 m² | 1 · 167 m² | - |
| 92047C0552/00R000 | Wallonia | 269 m² | 1 · 78 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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
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EASY PROPERTIES
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BERNO REAL ESTATE
BE 0839.778.884
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MUNIA
BE 0445.561.184
Herzele · Eq €23k
Sabinimmo
BE 0800.044.518
Londerzeel · Eq €23k
Of 11,754 companies in sector 68310 we hold annual accounts for 6,908. 4,104 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-2016
Fiscal year end30-09
Activities, NACEBEL
68310Real estate agency activities
96999Other personal services
73110Advertising agencies
82300Organisation of conventions and trade shows
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:maxime@ms-immo.be
Phone:+32472511516