Turnover
The accounts state no turnover.
The accounts state no turnover.
The 2024 accounts came in latest, 103 days after the end of the period.
Less equity than 85% of companies in construction of buildings. Sector median €45,752 · 10,181 companies.
In July 2024, 26,973 companies had the same profile as MS.TECH has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 26,973 companies, not a prediction for MS.TECH. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| MS.TECH Aubange | €8,979 | €3,909 | 41.5% | - |
| Toptimalux Lier | €9,395 | €5,206 | 12.7% | - |
| D.T. WORKS Berchem-Sainte-Agathe | €9,949 | €2,912 | 10.3% | - |
| Algemene Bouwwerken Davy VGW Hechtel-Eksel | €10,446 | €2,637 | 52.8% | - |
| HM Bouwwerken Oud-Turnhout | €7,187 | €5,578 | -114.5% | - |
| PRO INSTAL CONFORT Dilbeek | €7,692 | €5,315 | 93.5% | - |
| ART BUILDERS Sint-Pieters-Leeuw | €8,601 | €2,890 | 79.7% | - |
These companies have the same main activity as MS.TECH: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €7,190 and €10,400, founded between 2016 and 2021.
MS.TECH files the micro format. That format states no turnover. The gross margin fell from €11,096 in 2019 to €3,909 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €47,000. Estimated: probably between €24,000 and €84,000.
Higher than 48% of 10,178 companies in 2025.
Higher than 44% of 9,888 companies in 2025.
Higher than 53% of 9,976 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
8,979 | 16,170 | 30,596 | 48,349 | 63,450 | 56,239 | 47,411 | |
20 |
- | 0 | 128 | 384 | 640 | 897 | 1,153 | |
21/28 |
1,091 | 2,618 | 8,496 | 14,374 | 21,002 | 28,380 | 3,750 | |
22/27 |
1,091 | 2,618 | 8,496 | 14,374 | 21,002 | 28,380 | 3,750 | |
24 |
1,091 | 2,618 | 8,496 | 14,374 | 21,002 | 28,380 | 3,750 | |
29/58 |
7,888 | 13,552 | 21,972 | 33,591 | 41,808 | 26,962 | 42,508 | |
3 |
- | 2,000 | - | - | - | - | 10,525 | |
30/36 |
- | - | - | - | - | - | 10,525 | |
37 |
- | 2,000 | - | - | - | - | - | |
40/41 |
7,539 | 6,646 | 6,768 | 13,216 | 7,336 | 8,685 | 2,475 | |
40 |
- | 43 | - | 4,139 | - | 201 | 2,250 | |
41 |
7,539 | 6,603 | 6,768 | 9,077 | 7,336 | 8,484 | 225 | |
54/58 |
210 | 3,611 | 13,534 | 20,096 | 34,472 | 17,177 | 29,294 | |
490/1 |
139 | 1,295 | 1,670 | 279 | - | 1,100 | 214 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
8,979 | 16,170 | 30,596 | 48,349 | 63,450 | 56,239 | 47,411 | |
10/15 |
3,728 | 3,001 | 15,233 | 20,041 | 22,213 | 15,343 | 8,044 | |
10/11 |
7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | |
100 |
- | - | - | - | - | 7,500 | 7,500 | |
14 |
-3,772 | -4,499 | 7,733 | 12,541 | 14,713 | 7,843 | 544 | |
17/49 |
5,251 | 13,169 | 15,363 | 28,308 | 41,237 | 40,896 | 39,367 | |
17 |
- | 0 | 2,601 | 7,727 | 12,753 | 17,681 | - | |
170/4 |
- | 0 | 2,601 | 7,727 | 12,753 | 17,681 | - | |
42/48 |
5,251 | 13,169 | 12,762 | 20,581 | 28,484 | 23,215 | 39,367 | |
42 |
- | 2,601 | 5,126 | 5,026 | 4,928 | 4,831 | - | |
44 |
2,378 | 3,758 | 75 | 1,402 | 1,156 | 252 | 686 | |
440/4 |
2,378 | 3,758 | 75 | 1,402 | 1,156 | 252 | 686 | |
46 |
- | - | - | - | - | - | 19,410 | |
45 |
1,538 | 3,698 | 5,155 | 6,630 | 12,719 | 6,045 | 9,430 | |
450/3 |
1,538 | 1,698 | 1,655 | 4,569 | 5,432 | 2,276 | 3,885 | |
454/9 |
- | 2,000 | 3,500 | 2,061 | 7,287 | 3,769 | 5,545 | |
47/48 |
1,335 | 3,112 | 2,406 | 7,523 | 9,681 | 12,087 | 9,841 | |
| Income statement | ||||||||
9900 |
3,909 | -5,921 | 1,741 | 5,599 | 46,012 | 44,290 | 11,096 | |
62 |
- | - | - | 294 | 28,822 | 29,633 | 9,450 | |
630 |
2,794 | 6,006 | 6,134 | 6,884 | 7,634 | 5,016 | 878 | |
640/8 |
149 | 149 | 164 | 154 | 291 | 255 | 82 | |
9901 |
967 | -12,076 | -4,557 | -1,733 | 9,265 | 9,386 | 686 | |
75/76B |
44 | - | - | - | - | 13 | 25 | |
75 |
44 | - | - | - | - | 13 | 25 | |
65/66B |
284 | 156 | 251 | 439 | 678 | 275 | 28 | |
65 |
284 | 156 | 251 | 439 | 678 | 275 | 28 | |
9903 |
727 | -12,232 | -4,808 | -2,172 | 8,587 | 9,124 | 683 | |
67/77 |
- | - | - | - | 1,717 | 1,825 | 139 | |
9904 |
727 | -12,232 | -4,808 | -2,172 | 6,870 | 7,299 | 544 | |
9905 |
727 | -12,232 | -4,808 | -2,172 | 6,870 | 7,299 | 544 | |
| Appropriation of the result | ||||||||
9906 |
-3,772 | -4,499 | 7,733 | 12,541 | 14,713 | 7,843 | 544 | |
14P |
-4,499 | 7,733 | 12,541 | 14,713 | 7,843 | - | - | |
| Social balance sheet | ||||||||
9087 |
- | - | - | - | 1 | 0.8 | - | |
Hours worked1013 |
- | - | - | - | 1,296 | 1,380 | - | |
| Document | ||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-08-2026.
2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00490987.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00490987 | |
| 31-12-2024 | micro format | 11-11-2025 | 2025-00567228 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00323308 | |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00225725 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20142271 | |
| 31-12-2020 | full format | 25-08-2021 | 2021-55700369 | |
| 31-12-2019 | full format | 29-07-2020 | 2020-36900368 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 3,761 | -6,070 | 1,577 | 5,151 | 16,899 | 14,402 | 1,564 | ||
| 3,521 | -6,226 | 1,326 | 4,712 | 14,504 | 12,315 | 1,422 | ||
| 1,267 | 128 | 256 | 256 | 256 | 29,390 | 4,500 | ||
| -3,401 | -9,923 | -6,562 | -14,376 | 17,295 | -12,117 | - | ||
| 2,637 | 383 | 9,210 | 13,010 | 13,324 | 3,747 | 3,141 | ||
| 41.5% | 18.6% | 49.8% | 41.5% | 35.0% | 27.3% | 17.0% | ||
| 1.50 | 1.03 | 1.72 | 1.63 | 1.47 | 1.16 | 1.08 | ||
| 1.50 | 0.88 | 1.72 | 1.63 | 1.47 | 1.16 | 0.81 | ||
| 1.41 | 4.39 | 1.01 | 1.41 | 1.86 | 2.67 | 4.89 | ||
| 19.5% | -407.6% | -31.6% | -10.8% | 30.9% | 47.6% | 6.8% | ||
| 8.1% | -75.6% | -15.7% | -4.5% | 10.8% | 13.0% | 1.1% | ||
| 13.25 | -38.91 | 6.28 | 11.73 | 24.92 | - | - |
EBIT margin not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.8 |
| 0.8 | |
| On a permanent contract | 1 |
Source: social balance sheet in the 2021 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,267 | - | - | - | - |
| €2,794 | €6,006 | €6,134 | €6,884 | €7,634 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €967, after a loss of €12,076 in 2024. It is the highest result since 2021.
Debt's share of the balance-sheet total falls from 81.4% to 58.5%. Equity is higher and debt is lower.
MS.TECH has no parent and no holdings in its annual accounts. is the only director. MS.TECH shares no director with another company.
The 2026 accounts are due by 31-07-2027.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Start date | Unit number |
|---|---|---|
| Rue de Longwy - AUBANGE 77 registered office 6790 Aubange 4100101 General construction of residential buildings | 27-06-2019 | 2.291.029.439 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0728.940.845
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