Checked.be
Active
BE 0801.416.671Private limited company
MS PROJECTS
Roterijstraat 89 ·8790 Waregem, Belgium· 3 yrs active
Sector: Construction of buildings
(41001)
Conclusion
The computed 12-month bankruptcy probability of MS PROJECTS is 2.5% (moderate). The 2024 annual accounts show equity of €40k and a net result of €22k. Its solvency ranks better than 19% of 329 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 2 annual accounts.
Key figures
| Equity | €40k |
| Net result | €22k |
| Staff (FTE) | 7.3 |
| Better than sector | 19% |
Snowflake analysis
65
/ 100
Strong profile, led by profitability.
Health
51
Profitability
100
Solvency
3
Growth
78
Stability
94
Bankruptcy probability (12 mo)
2.5%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
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
No administrative flags
Health barometer
51
/ 100
Fair
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-07-2025 with the NBB · fiscal year 2024 · verkort
Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 3.3% | 24.2% | |
| Net result | €22k | €16k | |
| Equity | €40k | €73k | |
| Gross operating margin | €734k | €81k | |
| Staff costs | €495k | €141k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€232k
+234.5%
far above sector median
€22k
+51.8%
far above sector median
€202k
+223.2%
far above sector median
€1.22M
-8.7%
+175% vs sector
€40k
+126.1%
-65% vs sector
€-425k
+48.8%
far below sector median
7
-21.5%
+125% vs sector
€495k
+84.8%
far above sector median
€8k
+14.1%
+262% vs sector
€1.18M
-10.5%
+297% vs sector
€914k
-30.6%
+268% vs sector
€264k
-
+81% vs sector
0.54
+44.8%
-62% vs sector
0.40
+56.9%
-72% vs sector
3.3%
+147.6%
-90% vs sector
29.34
-60.4%
far above sector median
55.8%
-32.9%
far above sector median
1.8%
+66.2%
far above sector median
10.00
-96.5%
+280% vs sector
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €232k |
| Net profit | €22k |
| Cash flow | €202k |
| Staff costs | €495k |
| Income taxes | €8k |
| Dividends | - |
| Total assets | €1.22M |
| Equity | €40k |
| Debt | €1.18M |
| of which ≤ 1y | €914k |
| of which > 1y | €264k |
| Working capital | €-425k |
| Employees (FTE) | 7.3 |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.54 |
| Quick ratio | 0.40 |
| Working capital ratio | -34.9% |
| Solvency | 3.3% |
| Debt / equity | 29.34 |
| Long-term debt ratio | 6.58 |
| Interest coverage | 10.00 |
| Gross margin | - |
| Net margin | - |
| ROA | 1.8% |
| ROE | 55.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| 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 | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.22M |
| Fixed assets | 21/28 | €728k |
| Formation expenses | 20 | €747 |
| Tangible fixed assets | 22/27 | €728k |
| Current assets | 29/58 | €489k |
| Stocks & contracts in progress | 3 | €119k |
| Amounts receivable within one year | 40/41 | €276k |
| Cash & bank | 54/58 | €84k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.22M |
| Equity | 10/15 | €40k |
| Contributions / capital | 10/11 | €3k |
| Reserves | 13 | €15k |
| Accumulated profits (losses) | 14 | €22k |
| Amounts payable | 17/49 | €1.18M |
| Amounts payable after one year | 17 | €264k |
| Amounts payable within one year | 42/48 | €914k |
| Trade debts payable within one year | 44 | €167k |
| Income statement | ||
| Gross operating margin | 9900 | €734k |
| Operating result | 9901 | €53k |
| Financial income | 75 | €977 |
| Financial charges | 65 | €23k |
| Result before taxes | 9903 | €31k |
| Income taxes | 67/77 | €8k |
| Net result for the period | 9904 | €22k |
| Result to be appropriated | 9905 | €22k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Legal Structure
| NACE primary | Construction of buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 04-05-2023 |
| Status | Active |
| Postal code | 8790 |
Establishment units
MS Projects
since 20232.346.964.389
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
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. |
|---|---|---|---|---|
| 34453D0023/00D003 | Flanders | 3,055 m² | 1 · 1,203 m² | 6.9 m · 1 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
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2025
17-07-2025
NBB filing
Annual accounts filed
2024
30-08-2024
NBB filing
Annual accounts filed
Credit advice
AI due-diligence brief
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE)
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Ontwikkeling van niet-residentiële bouwprojecten41102Stukadoorswerk43310Stukadoorswerk43310Schrijnwerk43320Schrijnwerk43320Plaatsen van vloer- en wandtegels43331Plaatsen van vloer- en wandtegels43331Ontwikkeling van niet-residentiële bouwprojecten68122
Primary activity highlighted.
Names & trade names
| Legal nameNL | MS PROJECTS |
Registered office
Roterijstraat 89
8790 Waregem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies
Aannemingen Janssen
BE 0415.911.848 · Geel
Algemene Bouwondernemingen - VOBEC
BE 0418.390.296 · Puurs-Sint-Amands
Van de Vel
BE 0406.689.623 · Rumst
IMMO VAN DER POORTEN
BE 0419.112.551 · Zottegem
Boske
BE 0412.460.133 · Duffel