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MS TECH

Active
Private limited companyfounded 2024active for 2 yearsGroteweg(Ove) 161, 9500 Geraardsbergen, BelgiumKBO/BCE: BE 1014.918.027
Summary

The computed 12-month bankruptcy probability of MS TECH is 2.2% (moderate). The 2025 annual accounts show equity of €127,539 and a net result of €124,539. Its solvency ranks better than 38% of 34,483 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
€127,539
Total assets
€351,226
Net result
€124,539
Working capital
€117,965

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €351,226
Fixed assets €28,529
Current assets €322,697
Equity and liabilities €351,226
Equity €127,539
Debt €223,687
Debt finances 63.7% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€186,317
Cash flow
€127,854
Current ratio
1.58
Debt to equity
1.75
ROE
97.6%
ROA
35.5%
Interest coverage
over 100
Debt ≤ 1 year
€204,732
Debt > 1 year
€18,955
Income taxes
€57,702

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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
Filed annual accounts As filed with the NBB · 2025 · 41 lines
Balance sheet Code2025
Assets
Total assets20/58€351,226
Fixed assets21/28€28,529
Tangible fixed assets22/27€28,529
Plant, machinery and equipment23€3,334
Leasing and similar rights25€25,195
Current assets29/58€322,697
Amounts receivable within one year40/41€321,425
Trade receivables40€207,797
Other amounts receivable41€113,628
Cash at bank and in hand54/58€1,138
Deferred charges and accrued income490/1€134
Equity and liabilities
Total equity and liabilities10/49€351,226
Equity10/15€127,539
Contributions10/11€3,000
Reserves13€124,539
Distributable reserves133€124,539
Amounts payable17/49€223,687
Amounts payable after more than one year17€18,955
Financial debts170/4€18,955
Amounts payable within one year42/48€204,732
Current portion of amounts payable after more than one year42€4,617
Trade debts44€130,912
Suppliers440/4€130,912
Taxes, remuneration and social security45€69,202
Taxes450/3€57,702
Remuneration and social security454/9€11,500
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,315
Other operating charges640/8€244
Gross operating margin9900€186,560
Operating profit (loss)9901€183,001
Financial income75/76B€9
Recurring financial income75€9
Financial charges65/66B€769
Recurring financial charges65€769
Profit (loss) for the period before taxes9903€182,241
Income taxes67/77€57,702
Profit (loss) for the period9904€124,539
Profit (loss) for the period to be appropriated9905€124,539
Appropriation of the result
Profit (loss) to be appropriated9906€124,539
Transfer to equity691/2€124,539
To other reserves6921€124,539

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,315
Other operating charges640/8€244
Gross operating margin9900€186,560
Operating profit (loss)9901€183,001
Financial income75/76B€9
Recurring financial income75€9
Financial charges65/66B€769
Recurring financial charges65€769
Profit (loss) for the period before taxes9903€182,241
Income taxes67/77€57,702
Profit (loss) for the period9904€124,539
Profit (loss) for the period to be appropriated9905€124,539
Line2025
Assets
Total assets20/58€351,226
Fixed assets21/28€28,529
Tangible fixed assets22/27€28,529
Plant, machinery and equipment23€3,334
Leasing and similar rights25€25,195
Current assets29/58€322,697
Amounts receivable within one year40/41€321,425
Trade receivables40€207,797
Other amounts receivable41€113,628
Cash at bank and in hand54/58€1,138
Deferred charges and accrued income490/1€134
Equity and liabilities
Total equity and liabilities10/49€351,226
Equity10/15€127,539
Contributions10/11€3,000
Reserves13€124,539
Distributable reserves133€124,539
Amounts payable17/49€223,687
Amounts payable after more than one year17€18,955
Financial debts170/4€18,955
Amounts payable within one year42/48€204,732
Current portion of amounts payable after more than one year42€4,617
Trade debts44€130,912
Suppliers440/4€130,912
Taxes, remuneration and social security45€69,202
Taxes450/3€57,702
Remuneration and social security454/9€11,500
Line2025
Profit (loss) for the period9904€124,539
+ Depreciation and write-downs630€3,315
Operating cash flow (approximation)€127,854

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
30-09-2025 micro format 30-04-2026 2026-00096584

Similar companies · same sector, comparable size

Of the 22,617 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,445. 8,789 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.