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Generated 12-08-2026
Active BE 0800.237.231Private limited company

MS PROJETS

Leuvensesteenweg 246 ·1932 Zaventem, Belgium· 3 yrs active
Sector: Algemene bouw van residentiële gebouwen (41001)
Conclusion Checked

The computed 12-month bankruptcy probability of MS PROJETS is 2.7% (moderate). The 2024 annual accounts show equity of €16k and a net result of €11k. Its solvency ranks better than 36% of 3827 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 €11k
Better than sector 36%
Active 3 yrs
Snowflake analysis 4 of 5 axes measured · computed by Checked
Health45Profitability100Solvency30Growth-Stability79
64 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 45
Profitability 100
Solvency 30
Growth -
Stability 79
Bankruptcy probability (12 mo) Checked model v1 · free
2.7% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

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 2 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, and the KBO register records a normal legal situation.
Administrative Flags 0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
45 / 100 Fair
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 18-07-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 26.9% 39.4%
better than 36% of 3827 sector peers
Net result €11k €9k
better than 52% of 3824 sector peers
Equity €16k €29k
better than 34% of 3832 sector peers
Gross operating margin €14k €26k
better than 34% of 3822 sector peers
Total assets €58k €85k
better than 36% of 3828 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Depositmicro
Revenue-
EBITDA-
Net profit€11k
Cash flow-
Staff costs-
Income taxes€4k
Dividends-
Total assets€58k
Equity€16k
Debt€42k
of which ≤ 1y€42k
of which > 1y-
Working capital€-41k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.02
Quick ratio0.02
Working capital ratio-71.6%
Solvency26.9%
Debt / equity2.72
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA18.2%
ROE67.8%
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 Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€58k
Fixed assets 21/28€57k
Tangible fixed assets 22/27€57k
Current assets 29/58€865
Amounts receivable within one year 40/41€423
Cash & bank 54/58€442
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€58k
Equity 10/15€16k
Contributions / capital 10/11€5k
Accumulated profits (losses) 14€11k
Amounts payable 17/49€42k
Amounts payable within one year 42/48€42k
Trade debts payable within one year 44€388
Income statement
Gross operating margin 9900€14k
Operating result 9901€14k
Financial charges 65€213
Result before taxes 9903€14k
Income taxes 67/77€4k
Net result for the period 9904€11k
Result to be appropriated 9905€11k
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • Elodie Vandecan
    Beheerder
    State Gazette act 25053513 (24-04-2025)
    Current
    24-04-2025 → present
Former directors (1)
  • Ilhan Akdeniz
    Beheerder
    State Gazette act 25053513 (24-04-2025)
    Former
    - → 24-04-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary Algemene bouw van residentiële gebouwen(41001)
Legal form Private limited company(610)
Incorporation31-03-2023
StatusActive
Postal code1932
Establishment units 1 location
MS PROJETS
Rue des Juifs, Neerh. 1, 1357 HélécineAlgemene bouw van residentiële gebouwen
since 20232.374.406.085
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 (50%) Wallonia 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
25069C0297/00B002 Wallonia 734 m² 1 · 141 m² 9.8 m · 3 fl.
23078A0472/00L000 Flanders 461 m² 1 · 192 m² 10.8 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 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
18-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
24-04-2025
State Gazette act Director changes
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
24-04-2025 1 director appointed, 1 resigning Director changes
  • Elodie Vandecan, Beheerder
  • Ilhan Akdeniz, Beheerder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "beheerder",
      "person": {
        "rrn": null,
        "name": "Ilhan Akdeniz",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "end_of_term",
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De heer Ilhan Akdeniz legt zijn functie als beheerder neer",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
      "role": "beheerder",
      "person": {
        "rrn": null,
        "name": "Elodie Vandecan",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Mevrouw Elodie Vandecan wordt benoemd als beheerder",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-04-24",
    "filing_date": "2025-04-15",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2025-03-25",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0800.237.231",
    "name_full": "MS PROJETS",
    "legal_form": "BV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "MUSELLE Steeves",
    "org_rep_person_name": null,
    "person_role_at_subject": "Beheerder"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Company registry (CBE) Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Loodgieterswerk43221Sanitaire werkzaamheden43221Installatie van isolatie43230Isolatiewerkzaamheden43291Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390Overige gespecialiseerde bouwactiviteiten, neg43990Restaureren van bouwwerken43995
Primary activity highlighted.
Names & trade names
Legal nameNL MS PROJETS
Registered office
Leuvensesteenweg 246 bus 1
1932 Zaventem, 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