MS TWO
Dissolution or liquidationSummary
The KBO register records for MS TWO the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2012 annual accounts show equity of €13,029 and a net result of -€126.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 30-08-2013, 30 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2012, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€126
2011 · €4,669
Working capital
€7,170▼ 19.8%
2011 · €8,936
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
Line2008200920112012
Operating result€539--€1,995€5,628--€160
Net result-€297--€2,429▼ 719%€4,669--€126
Equity€13,881-€11,451▼ 17.5%€13,155-€13,029▼ 1.0%
Total assets€25,248-€18,703▼ 25.9%€21,328-€20,848▼ 2.3%
Debt€11,367-€7,252▼ 36.2%€8,173-€7,819▼ 4.3%
Working capital€7,088-€5,607▼ 20.9%€8,936-€7,170▼ 19.8%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2012: a loss of €160 after €5,628 in 2011.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €20,848
Fixed assets
€5,859 ▲ 38.9%
Current assets
€14,989 ▼ 12.4%
Equity and liabilities €20,848
Equity
€13,029 ▼ 1.0%
Debt
€7,819 ▼ 4.3%
Debt's share of the balance-sheet total falls from 38.3% to 37.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€750▼
2011 · €6,283
Cash flow
€784▼
2011 · €5,324
Current ratio
1.92▼
2011 · 2.09
ROE
-1.0%▼
2011 · 35.5%
ROA
-0.6%▼
2011 · 21.9%
Debt ≤ 1 year
€7,819▼
2011 · €8,173
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2008 | 2009 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,128 | €2,128 | €655 | €910 | ▲ 38.9% |
| Gross operating margin9900 | €3,088 | €561 | €6,662 | €1,389 | ▼ 79.2% |
| Operating profit (loss)9901 | €539 | -€1,995 | €5,628 | -€160 | ▼ 103% |
| Recurring financial income75 | €12 | - | €1 | €43 | ▲ 4,200% |
| Recurring financial charges65 | €848 | €434 | €83 | €9 | ▼ 89.2% |
| Profit (loss) for the period before taxes9903 | -€297 | -€2,429 | €5,546 | -€126 | ▼ 102% |
| Income taxes67/77 | - | - | €877 | - | - |
| Profit (loss) for the period9904 | -€297 | -€2,429 | €4,669 | -€126 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | -€297 | -€2,429 | €4,669 | -€126 | ▼ 103% |
| Line | 2008 | 2009 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €25,248 | €18,703 | €21,328 | €20,848 | ▼ 2.3% |
| Fixed assets21/28 | €7,973 | €5,844 | €4,219 | €5,859 | ▲ 38.9% |
| Tangible fixed assets22/27 | €7,973 | €5,844 | €4,219 | €5,859 | ▲ 38.9% |
| Current assets29/58 | €17,275 | €12,859 | €17,109 | €14,989 | ▼ 12.4% |
| Stocks and contracts in progress3 | €2,916 | - | - | - | - |
| Amounts receivable within one year40/41 | €9,048 | €9,034 | €9,609 | €14,244 | ▲ 48.2% |
| Cash at bank and in hand54/58 | €4,854 | €3,500 | - | €745 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €25,248 | €18,703 | €21,328 | €20,848 | ▼ 2.3% |
| Equity10/15 | €13,881 | €11,451 | €13,155 | €13,029 | ▼ 1.0% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €165 | €165 | €165 | €165 | = |
| Profit (loss) carried forward14 | -€4,834 | -€7,264 | -€5,560 | -€5,686 | ▼ 2.3% |
| Amounts payable17/49 | €11,367 | €7,252 | €8,173 | €7,819 | ▼ 4.3% |
| Amounts payable after more than one year17 | €1,180 | - | - | - | - |
| Amounts payable within one year42/48 | €10,187 | €7,252 | €8,173 | €7,819 | ▼ 4.3% |
| Trade debts44 | €1,882 | €599 | - | €1,654 | - |
| Line | 2008 | 2009 | 2011 | 2012 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€297 | -€2,429 | €4,669 | -€126 | ▼ 103% |
| + Depreciation and write-downs630 | €2,128 | €2,128 | €655 | €910 | ▲ 38.9% |
| Operating cash flow (approximation) | €1,832 | -€301 | €5,324 | €784 | ▼ 85.3% |
| Investment in fixed assets (approximation) | - | €0 | - | -€2,550 | - |
| Change in cash | - | -€1,354 | - | - | - |
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
2019
08-07
Bankruptcy
Judicial dissolution and immediate closure
Tribunal de l’entreprise de Liège, division Liège
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 30 days late
2012
31-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 31 days late
2011
31-12
Financial
Back to profitnet €4,669
Net result €4,669 after 2 loss-making years.
2010
26-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 26 days late
2009
31-12
Financial
Weakest financial yearnet -€2,429
Net result drops to -€2,429, the lowest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
28-08
NBB filing
Annual accounts filed
fiscal year 2007 · full schema · 28 days late
2007
27-08
NBB filing
Annual accounts filed
fiscal year 2006 · full schema · 27 days late
2006
28-08
NBB filing
Annual accounts filed
fiscal year 2005 · full schema · 28 days late
2005
29-06
NBB filing
Annual accounts filed
fiscal year 2004 · full schema
2004
17-09
NBB filing
Annual accounts filed
fiscal year 2003 · full schema · 48 days late
2003
30-09
NBB filing
Annual accounts filed
fiscal year 2002 · full schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Jalhay
Ground area
1,641 m²
Building footprint
102 m²
Parcel 63038B0599/00L000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63038B0599/00L000 | Wallonia | 1,641 m² | 1 · 102 m² | - |
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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded03-08-1984
Fiscal year end31-12
Abbreviation FR
K.R.C.
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.