MS-IT
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 7 days after the deadline Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00387216.
Annual accounts 2025 filed on 07-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €11,185, after a profit of €40,144 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €859 | €937 |
| Depreciation and write-downs of the year | €208 | €546 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €208 | €546 | ▲ 162% |
| Other operating charges640/8 | €1,422 | €381 | ▼ 73.2% |
| Gross operating margin9900 | €41,774 | -€10,259 | - |
| Operating profit (loss)9901 | €40,144 | -€11,185 | - |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Financial charges65/66B | €973 | €1,216 | ▲ 25.1% |
| Recurring financial charges65 | €973 | €1,216 | ▲ 25.1% |
| Profit (loss) for the period before taxes9903 | €39,171 | -€12,401 | - |
| Income taxes67/77 | €8,886 | €419 | ▼ 95.3% |
| Profit (loss) for the period9904 | €30,285 | -€12,821 | - |
| Profit (loss) for the period to be appropriated9905 | €30,285 | -€12,821 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €60,194 | €28,391 | ▼ 52.8% |
| Fixed assets21/28 | €651 | €1,042 | ▲ 60.2% |
| Tangible fixed assets22/27 | €651 | €1,042 | ▲ 60.2% |
| Furniture and vehicles24 | €651 | €1,042 | ▲ 60.2% |
| Current assets29/58 | €59,544 | €27,349 | ▼ 54.1% |
| Amounts receivable within one year40/41 | €13,304 | €7,886 | ▼ 40.7% |
| Trade receivables40 | €13,304 | €5,168 | ▼ 61.2% |
| Other amounts receivable41 | - | €2,718 | - |
| Cash at bank and in hand54/58 | €44,783 | €18,434 | ▼ 58.8% |
| Deferred charges and accrued income490/1 | €1,457 | €1,029 | ▼ 29.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €60,194 | €28,391 | ▼ 52.8% |
| Equity10/15 | €32,285 | €19,464 | ▼ 39.7% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €30,285 | €17,464 | ▼ 42.3% |
| Amounts payable17/49 | €27,909 | €8,927 | ▼ 68.0% |
| Amounts payable within one year42/48 | €26,541 | €5,774 | ▼ 78.2% |
| Financial debts43 | - | €21 | - |
| Credit institutions430/8 | - | €21 | - |
| Trade debts44 | €3,755 | €230 | ▼ 93.9% |
| Suppliers440/4 | €3,755 | €230 | ▼ 93.9% |
| Taxes, remuneration and social security45 | €19,812 | €419 | ▼ 97.9% |
| Taxes450/3 | €17,312 | €419 | ▼ 97.6% |
| Remuneration and social security454/9 | €2,500 | - | - |
| Other amounts payable47/48 | €2,975 | €5,103 | ▲ 71.5% |
| Accrued charges and deferred income492/3 | €1,368 | €3,153 | ▲ 130% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €30,285 | -€12,821 | - |
| + Depreciation and write-downs630 | €208 | €546 | ▲ 162% |
| Operating cash flow (approximation) | €30,493 | -€12,275 | - |
| Investment in fixed assets (approximation) | - | -€937 | - |
| Change in cash | - | -€26,349 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,223 companies had the same profile as MS-IT has now. Two years later, 87.8% were still going and 3.4% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MS-IT itself is lower: 0.1% within 12 months. It rests on far more data about MS-IT than the profile alone.
Test of the method
The method was tested on the 497,446 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 3,223 companies, not a prediction for MS-IT. 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.