MS.TECH
ActiveSummary
The computed 12-month bankruptcy probability of MS.TECH is 2.2% (moderate). The 2025 annual accounts show equity of €3,728 and a net result of €727. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 7586 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+79
Solvency67▲+23
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 7 filingsDeviation from the deadline
2025
28 d late
2024
103 d late
2023
on the day
2022
21 d early
2021
33 d early
2020
25 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€727
2024 · -€12,232
Working capital
€2,637▲ 589%
2024 · €383
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,265▼ 1.3%-€1,733-€4,557▼ 163%-€12,076▼ 165%€967
Net result€6,870within the sector's middle half▼ 5.9%-€2,172below the sector's middle half-€4,808below the sector's middle half▼ 121%-€12,232below the sector's middle half▼ 154%€727within the sector's middle half
Equity€22,213within the sector's middle half▲ 44.8%€20,041within the sector's middle half▼ 9.8%€15,233within the sector's middle half▼ 24.0%€3,001below the sector's middle half▼ 80.3%€3,728below the sector's middle half▲ 24.2%
Total assets€63,450within the sector's middle half▲ 12.8%€48,349below the sector's middle half▼ 23.8%€30,596below the sector's middle half▼ 36.7%€16,170below the sector's middle half▼ 47.1%€8,979below the sector's middle half▼ 44.5%
Debt€41,237▲ 0.8%€28,308▼ 31.4%€15,363▼ 45.7%€13,169▼ 14.3%€5,251▼ 60.1%
Working capital€13,324within the sector's middle half▲ 256%€13,010within the sector's middle half▼ 2.4%€9,210within the sector's middle half▼ 29.2%€383below the sector's middle half▼ 95.8%€2,637within the sector's middle half▲ 589%
Solvency35.0%within the sector's middle half▲ 7.7pp41.5%within the sector's middle half▲ 6.4pp49.8%within the sector's middle half▲ 8.3pp18.6%within the sector's middle half▼ 31.2pp41.5%within the sector's middle half▲ 23.0pp
Current ratio1.47within the sector's middle half▲ 0.311.63within the sector's middle half▲ 0.161.72within the sector's middle half▲ 0.091.03below the sector's middle half▼ 0.691.50within the sector's middle half▲ 0.47
Return on assets (ROA)10.8%within the sector's middle half▼ 2.2pp-4.5%below the sector's middle half▼ 15.3pp-15.7%below the sector's middle half▼ 11.2pp-75.6%below the sector's middle half▼ 59.9pp8.1%within the sector's middle half▲ 83.7pp
Staff (FTE)1▲ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €967 after a loss of €12,076 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8,979
Fixed assets
€1,091 ▼ 58.3%
Current assets
€7,888 ▼ 41.8%
Equity and liabilities €8,979
Equity
€3,728 ▲ 24.2%
Debt
€5,251 ▼ 60.1%
Debt's share of the balance-sheet total falls from 81.4% to 58.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,761▲
2024 · -€6,070
Cash flow
€3,521▲
2024 · -€6,226
Debt to equity
1.41▼
2024 · 4.39
ROE
19.5%▲
2024 · -407.6%
Interest coverage
13.25▲
2024 · -38.91
Debt ≤ 1 year
€5,251▼
2024 · €13,169
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,970 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €28,822 | €294 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,634 | €6,884 | €6,134 | €6,006 | €2,794 | ▼ 53.5% |
| Other operating charges640/8 | €291 | €154 | €164 | €149 | €149 | ▼ 0.2% |
| Gross operating margin9900 | €46,012 | €5,599 | €1,741 | -€5,921 | €3,909 | ▲ 166% |
| Operating profit (loss)9901 | €9,265 | -€1,733 | -€4,557 | -€12,076 | €967 | ▲ 108% |
| Financial income75/76B | - | - | - | - | €44 | - |
| Recurring financial income75 | - | - | - | - | €44 | - |
| Financial charges65/66B | €678 | €439 | €251 | €156 | €284 | ▲ 81.9% |
| Recurring financial charges65 | €678 | €439 | €251 | €156 | €284 | ▲ 81.9% |
| Profit (loss) for the period before taxes9903 | €8,587 | -€2,172 | -€4,808 | -€12,232 | €727 | ▲ 106% |
| Income taxes67/77 | €1,717 | - | - | - | - | - |
| Profit (loss) for the period9904 | €6,870 | -€2,172 | -€4,808 | -€12,232 | €727 | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | €6,870 | -€2,172 | -€4,808 | -€12,232 | €727 | ▲ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63,450 | €48,349 | €30,596 | €16,170 | €8,979 | ▼ 44.5% |
| Formation expenses20 | €640 | €384 | €128 | €0 | - | - |
| Fixed assets21/28 | €21,002 | €14,374 | €8,496 | €2,618 | €1,091 | ▼ 58.3% |
| Tangible fixed assets22/27 | €21,002 | €14,374 | €8,496 | €2,618 | €1,091 | ▼ 58.3% |
| Furniture and vehicles24 | €21,002 | €14,374 | €8,496 | €2,618 | €1,091 | ▼ 58.3% |
| Current assets29/58 | €41,808 | €33,591 | €21,972 | €13,552 | €7,888 | ▼ 41.8% |
| Stocks and contracts in progress3 | - | - | - | €2,000 | - | - |
| Contracts in progress37 | - | - | - | €2,000 | - | - |
| Amounts receivable within one year40/41 | €7,336 | €13,216 | €6,768 | €6,646 | €7,539 | ▲ 13.4% |
| Trade receivables40 | - | €4,139 | - | €43 | - | - |
| Other amounts receivable41 | €7,336 | €9,077 | €6,768 | €6,603 | €7,539 | ▲ 14.2% |
| Cash at bank and in hand54/58 | €34,472 | €20,096 | €13,534 | €3,611 | €210 | ▼ 94.2% |
| Deferred charges and accrued income490/1 | - | €279 | €1,670 | €1,295 | €139 | ▼ 89.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63,450 | €48,349 | €30,596 | €16,170 | €8,979 | ▼ 44.5% |
| Equity10/15 | €22,213 | €20,041 | €15,233 | €3,001 | €3,728 | ▲ 24.2% |
| Contributions10/11 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Profit (loss) carried forward14 | €14,713 | €12,541 | €7,733 | -€4,499 | -€3,772 | ▲ 16.2% |
| Amounts payable17/49 | €41,237 | €28,308 | €15,363 | €13,169 | €5,251 | ▼ 60.1% |
| Amounts payable after more than one year17 | €12,753 | €7,727 | €2,601 | €0 | - | - |
| Financial debts170/4 | €12,753 | €7,727 | €2,601 | €0 | - | - |
| Amounts payable within one year42/48 | €28,484 | €20,581 | €12,762 | €13,169 | €5,251 | ▼ 60.1% |
| Current portion of amounts payable after more than one year42 | €4,928 | €5,026 | €5,126 | €2,601 | - | - |
| Trade debts44 | €1,156 | €1,402 | €75 | €3,758 | €2,378 | ▼ 36.7% |
| Suppliers440/4 | €1,156 | €1,402 | €75 | €3,758 | €2,378 | ▼ 36.7% |
| Taxes, remuneration and social security45 | €12,719 | €6,630 | €5,155 | €3,698 | €1,538 | ▼ 58.4% |
| Taxes450/3 | €5,432 | €4,569 | €1,655 | €1,698 | €1,538 | ▼ 9.4% |
| Remuneration and social security454/9 | €7,287 | €2,061 | €3,500 | €2,000 | - | - |
| Other amounts payable47/48 | €9,681 | €7,523 | €2,406 | €3,112 | €1,335 | ▼ 57.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,870 | -€2,172 | -€4,808 | -€12,232 | €727 | ▲ 106% |
| + Depreciation and write-downs630 | €7,634 | €6,884 | €6,134 | €6,006 | €2,794 | ▼ 53.5% |
| Operating cash flow (approximation) | €14,504 | €4,712 | €1,326 | -€6,226 | €3,521 | ▲ 157% |
| Investment in fixed assets (approximation) | - | -€256 | -€256 | -€128 | -€1,267 | ▼ 888% |
| Change in cash | - | -€14,376 | -€6,562 | -€9,923 | -€3,401 | ▲ 65.7% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €727
Net result €727 after 3 loss-making years.
11-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 103 days late
2024
31-12
Financial
Weakest financial yearnet -€12,232
Net result drops to -€12,232, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 25 days late
2020
31-12
Financial
Highest result since 2019net €7,299 ▲1,242%
Operating result €9,386, net result €7,299, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Aubange · 1 establishment unit since 2019
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 Longwy - AUBANGE 776790 Aubange1 establishment unit
MS.TECH
since 20192.291.029.439
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 5,355 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
Contact
E-mail
sileanu_24@yahoo.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728940845
Also
9925:BE0728940845
Registered
14-04-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.