MS-URG

Active

Private limited companyfounded 20242 yrs activeVlierbeekstraat 32, 3053 Oud-Heverlee, BelgiumKBO/BCE: BE 1011.853.421

Summary

The computed 12-month bankruptcy probability of MS-URG is 6.4% (elevated). The 2025 annual accounts show negative equity (-€2,040) and a net result of -€7,964. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

MS-URGActiveChecked score 40/100

Risk analysis Report Compare

Activity

Activity not known1 site

Size

€179total assets 2025

Equity: -€2,040
Loss: -€7,964

Turnover not published (abridged schema)

Financial health

40 Weak Checked score 2025

Bankruptcy chance 12 m: 6.4%

Structure

Accounts 45 d early0 of 2 deeds read

Why 40- 1 change of registered office in 24 months- No main activity registered- Figures for FY 2024 (filed 29-08-2025)+ Liquidity: current ratio 5.35, cash €6,702Show the evidence

Checked score

Score 2025

40 / 100

Weak

Probability in this band: 4.2% to 15.0%

Better than 86% of its sector peers (no NACE code, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 0-100

equity -1137.5% of total assets

Liquidity 50-45

short-term debt 1237.5% · cash 100.0%

Profitability 0-100

return on assets -4441.3%

Bankruptcy probability, 12 months

6.4% Elevated

0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 08-2025: 2.4% 09-2025: 0.7%▼ -70.4% vs 08-2025lowest value 10-2025: 0.7%● 0.0% vs 09-2025lowest value 11-2025: 0.7%▲ +1.4% vs 10-2025 12-2025: 0.7%● 0.0% vs 11-2025 01-2026: 1.9%▲ +160% vs 12-2025 02-2026: 1.9%● 0.0% vs 01-2026 03-2026: 1.9%▲ +2.1% vs 02-2026 04-2026: 2.4%▲ +27.0% vs 03-2026 05-2026: 2.9%▲ +18.6% vs 04-2026 06-2026: 3.2%▲ +10.8% vs 05-2026 07-2026: 3.1%▼ -4.0% vs 06-2026 08-2026: 3.4%▲ +11.0% vs 07-2026 09-2026: 3.6%▲ +4.5% vs 08-2026 10-2026: 6.4%▲ +79.1% vs 09-2026highest value

1 change of registered office in 24 months raises the probability
No main activity registered raises the probability
Figures for FY 2024 (filed 29-08-2025) raises the probability
Liquidity: current ratio 5.35, cash €6,702 lowers the probability

No credit on open account

balance sheet total too small for a liquidity verdict, and equity is negative.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 81%, liquidity 86%, profitability 90%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

1 change of registered office in 24 months

In the bankruptcy model this factor raises the probability.

Belgian State Gazette

No main activity registered

In the bankruptcy model this factor raises the probability.

KBO

Figures for FY 2024 (filed 29-08-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Liquidity: current ratio 5.35, cash €6,702

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

2425

2024 to 2025 · latest year -€2,040

Young company

Founded in 2024, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

45 d early

2024

29 d late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 2 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

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 months

Position in the running window

03-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage