MS-TECHNICS
Bankruptcy closedInactive since 22-05-2026; last annual accounts for fiscal year 2020.
Summary
MS-TECHNICS was declared bankrupt on 08-09-2022 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 19-05-2026, published in the Belgian State Gazette on 26-05-2026.
Signals
1 signal.
+raises risk
Checked, nothing found (1)
History
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Financials · fiscal year 2020, abbreviated schema
Turnover
€307,311
EBIT margin
6.2%
Net result
€19,133▲ 47.2%
2019 · €12,996
Working capital
€60,566▲ 46.2%
2019 · €41,433
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Turnover€307,311
Operating result€15,968-€19,151▲ 19.9%€25,786▲ 34.6%
Net result€7,672-€12,996▲ 69.4%€19,133▲ 47.2%
EBIT margin6.2%
Equity€28,437-€41,433▲ 45.7%€60,566▲ 46.2%
Total assets€94,594-€77,034▼ 18.6%€165,971▲ 115%
Debt€66,157-€35,601▼ 46.2%€105,404▲ 196%
Working capital€28,437-€41,433▲ 45.7%€60,566▲ 46.2%
Staff (FTE)0.5-0.1▼ 80.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 35% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Equity and liabilities €165,971
Equity
€60,566 ▲ 46.2%
Debt
€105,404 ▲ 196%
Debt's share of the balance-sheet total rises from 46.2% to 63.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.57▼
2019 · 2.16
Debt to equity
1.74
ROE
31.6%▲
2019 · 31.4%
ROA
11.5%▼
2019 · 16.9%
Debt ≤ 1 year
€105,404▲
2019 · €35,601
Income taxes
€7,394▲
2019 · €5,962
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | - | €307,311 | - | - |
| Non-recurring operating income76A | - | - | €3,000 | - |
| Other operating charges640/8 | - | - | €62 | - |
| Gross operating margin9900 | €30,166 | €20,981 | €25,848 | ▲ 23.2% |
| Operating profit (loss)9901 | €15,968 | €19,151 | €25,786 | ▲ 34.6% |
| Financial income75/76B | - | - | €1,706 | - |
| Recurring financial income75 | - | €52 | €1,706 | ▲ 3,192% |
| Financial charges65/66B | - | - | €965 | - |
| Recurring financial charges65 | €990 | €245 | €965 | ▲ 295% |
| Profit (loss) for the period before taxes9903 | €14,979 | €18,959 | €26,527 | ▲ 39.9% |
| Income taxes67/77 | €7,307 | €5,962 | €7,394 | ▲ 24.0% |
| Profit (loss) for the period9904 | €7,672 | €12,996 | €19,133 | ▲ 47.2% |
| Profit (loss) for the period to be appropriated9905 | €7,672 | €12,996 | €19,133 | ▲ 47.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €94,594 | €77,034 | €165,971 | ▲ 115% |
| Current assets29/58 | €94,594 | €77,034 | €165,971 | ▲ 115% |
| Amounts receivable within one year40/41 | €89,022 | €61,782 | €149,806 | ▲ 142% |
| Trade receivables40 | - | - | €97,516 | - |
| Other amounts receivable41 | - | - | €52,290 | - |
| Cash at bank and in hand54/58 | €5,572 | €15,252 | €15,754 | ▲ 3.3% |
| Deferred charges and accrued income490/1 | - | - | €410 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €94,594 | €77,034 | €165,971 | ▲ 115% |
| Equity10/15 | €28,437 | €41,433 | €60,566 | ▲ 46.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €492 | €1,142 | €1,142 | = |
| Non-distributable reserves130/1 | - | - | €1,142 | - |
| Reserves not available under the articles1311 | - | - | €1,142 | - |
| Profit (loss) carried forward14 | €9,345 | €21,692 | €40,825 | ▲ 88.2% |
| Amounts payable17/49 | €66,157 | €35,601 | €105,404 | ▲ 196% |
| Amounts payable within one year42/48 | €66,157 | €35,601 | €105,404 | ▲ 196% |
| Trade debts44 | €41,046 | €18,658 | €89,266 | ▲ 378% |
| Suppliers440/4 | - | - | €89,266 | - |
| Taxes, remuneration and social security45 | - | - | €13,638 | - |
| Taxes450/3 | - | - | €10,555 | - |
| Remuneration and social security454/9 | - | - | €3,084 | - |
| Other amounts payable47/48 | - | - | €2,500 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,672 | €12,996 | €19,133 | ▲ 47.2% |
| Operating cash flow (approximation) | €7,672 | €12,996 | €19,133 | ▲ 47.2% |
| Change in cash | - | €9,680 | €502 | ▼ 94.8% |
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
26-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 19-05-2026
2022
14-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 08-09-2022
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 251 days late
2020
31-12
Financial
Highest result since 2018net €19,133 ▲47.2%
Operating result €25,786, net result €19,133, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Beringen
Ground area
3,414 m²
Building footprint
771 m²
Volume, LiDAR
4,039 m³
Parcel 71004A0021/00H000, Flanders · tallest building 5.6 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71004A0021/00H000 | Flanders | 3,414 m² | 1 · 771 m² | 5.6 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | HERMAN DRIESSEN SINT-KATARINAPLEIN 15 BUS 3,
3500 HASSELT |
08-09-2022 → 19-05-2026 |
| Curator | ILSE VRANKEN KUNST-
LAAN 10/A01, 3500 HASSELT |
08-09-2022 → 19-05-2026 |
Identification & contact
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded30-06-2016
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.