MS Projects
ActiveSummary
The computed 12-month bankruptcy probability of MS Projects is 2.0% (moderate). The 2025 annual accounts show equity of €74,489 and a net result of -€1,511. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes
Profitability37
Solvency45
Growth-
Track record67
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.51; short-term debt: 31.1% and cash: 14.5% of total assets), and 80.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.9%
Return on assets
-0.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2025
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€74,489
Total assets
€373,777
Net result
-€1,511
Working capital
-€56,500
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €373,777
Fixed assets
€313,940
Current assets
€59,836
Equity and liabilities €373,777
Equity
€74,489
Debt
€299,288
Debt finances 80.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€10,980
Cash flow
€6,021
Current ratio
0.51
Debt to equity
4.02
ROE
-2.0%
ROA
-0.4%
Interest coverage
2.28
Debt ≤ 1 year
€116,336
Debt > 1 year
€182,952
Income taxes
€147
Annual accounts
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,533 |
| Other operating charges640/8 | €4,563 |
| Gross operating margin9900 | €15,543 |
| Operating profit (loss)9901 | €3,447 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €4,811 |
| Recurring financial charges65 | €4,811 |
| Profit (loss) for the period before taxes9903 | -€1,364 |
| Income taxes67/77 | €147 |
| Profit (loss) for the period9904 | -€1,511 |
| Profit (loss) for the period to be appropriated9905 | -€1,511 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €373,777 | |
| Fixed assets21/28 | €313,940 | |
| Tangible fixed assets22/27 | €313,940 | |
| Land and buildings22 | €307,864 | |
| Furniture and vehicles24 | €6,077 | |
| Current assets29/58 | €59,836 | |
| Cash at bank and in hand54/58 | €54,023 | |
| Deferred charges and accrued income490/1 | €5,813 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €373,777 | |
| Equity10/15 | €74,489 | |
| Contributions10/11 | €76,000 | |
| Profit (loss) carried forward14 | -€1,511 | |
| Amounts payable17/49 | €299,288 | |
| Amounts payable after more than one year17 | €182,952 | |
| Financial debts170/4 | €182,952 | |
| Amounts payable within one year42/48 | €116,336 | |
| Current portion of amounts payable after more than one year42 | €7,048 | |
| Trade debts44 | €25,799 | |
| Suppliers440/4 | €25,799 | |
| Taxes, remuneration and social security45 | €147 | |
| Taxes450/3 | €147 | |
| Other amounts payable47/48 | €83,342 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€1,511 |
| + Depreciation and write-downs630 | €7,533 |
| Operating cash flow (approximation) | €6,021 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Beersel · 1 establishment unit since 2024
Ground area
213 m²
Building footprint
86 m²
Volume, LiDAR
572 m³
Parcel 23003A0346/02X000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MS Projects
since 20242.367.724.567
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23003A0346/02X000 | Flanders | 213 m² | 1 · 86 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2024
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.