MS ValueCapture
ActiveSummary
MS ValueCapture has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91,455 and a net result of €20,212. Equity has been growing by about 35% per year since 2023. Its solvency ranks better than 84% of 39,275 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-02-2023 Normal situation
- Activity
- Business and other management consultancy NACE 70200
- Establishment unit
- 2.343.237.512 1200 Sint-Lambrechts-Woluwe, since 07-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-02-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €26,517
- ▼ 30.7%
- Turnover
- ≈ €77,000
- estimated
- Profit
- €20,212
- ▼ 31.6%
- Equity
- €91,455
- ▲ 28.4%
- Total assets
- €106,179
- ▲ 22.7%
Score breakdownlowers riskLiquidity: current ratio 7.08, cash €89,508Sector: Activities of head offices; management consultancy activities (NACE 70)Equity €91,455 (86.1% of total assets)Size: total assets €106,179Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 78% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Strong
Solvency
100=
equity 86.1% of total assets
Liquidity
98+2
short-term debt 13.9% · cash 84.3%
Profitability
93-7
return on assets 19.0%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025highest value
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.08 (6.09 in 2024), above the usual 1.5. Short-term debt is 13.9% and cash 84.3% of total assets. 13.9% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 92% on liquidity, 62% on profitability and 72% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
14 days early
2024
1 day early
2023
22 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 2 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 17-07-2026 at the NBB all 3 filings
Turnover
≈ €77,000
Estimated: probably between €45,000 and €110,000
Total assets
€106,179▲ 22.7%
2024 · €86,503
Net result
€20,212▼ 31.6%
2024 · €29,536
Working capital
€89,534▲ 27.7%
2024 · €70,096
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€25,117
▼ 32.5%
2025
20232025
Net result
€20,212
▼ 31.6%
2025
middle half of the sector
20232025
Equity
€91,455
▲ 28.4%
2025
middle half of the sector
20232025
Total assets
€106,179
▲ 22.7%
2025
middle half of the sector
20232025
Debt
€14,724
▼ 3.5%
2025
20232025
Working capital
€89,534
▲ 27.7%
2025
middle half of the sector
20232025
Solvency
86.1%
▲ 3.8pp
2025
highest quarter of the sector
20232025
Current ratio
7.08
▲ 0.99
2025
highest quarter of the sector
20232025
Return on assets (ROA)
19.0%
▼ 15.1pp
2025
middle half of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€43,669-€37,226▼ 14.8%€25,117▼ 32.5%
Net result€31,706within the sector's middle half-€29,536within the sector's middle half▼ 6.8%€20,212within the sector's middle half▼ 31.6%
Equity€41,706within the sector's middle half-€71,242within the sector's middle half▲ 70.8%€91,455within the sector's middle half▲ 28.4%
Total assets€54,077below the sector's middle half-€86,503within the sector's middle half▲ 60.0%€106,179within the sector's middle half▲ 22.7%
Debt€12,371-€15,260▲ 23.4%€14,724▼ 3.5%
Working capital€39,232within the sector's middle half-€70,096within the sector's middle half▲ 78.7%€89,534within the sector's middle half▲ 27.7%
Solvency77.1%within the sector's middle half-82.4%above the sector's middle half▲ 5.2pp86.1%above the sector's middle half▲ 3.8pp
Current ratio4.17within the sector's middle half-6.09above the sector's middle half▲ 1.927.08above the sector's middle half▲ 0.99
Return on assets (ROA)58.6%above the sector's middle half-34.1%above the sector's middle half▼ 24.5pp19.0%within the sector's middle half▼ 15.1pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 33% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106,179
Fixed assets
€1,921 ▼ 26.8%
Current assets
€104,258 ▲ 24.3%
Equity and liabilities €106,179
Equity
€91,455 ▲ 28.4%
Debt
€14,724 ▼ 3.5%
Debt's share of the balance-sheet total falls from 17.6% to 13.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26,517▼
2024 · €38,291
Cash flow
€21,612▼
2024 · €30,602
Debt to equity
0.16▼
2024 · 0.21
ROE
22.1%▼
2024 · 41.5%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€14,724▲
2024 · €13,781
Income taxes
€5,089▼
2024 · €7,562
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €2,737 | €1,217 | €695 |
| Depreciation and write-downs of the year | €264 | €1,065 | €1,400 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €264 | €1,065 | €1,400 | ▲ 31.4% |
| Other operating charges640/8 | €50 | - | - | - |
| Gross operating margin9900 | €43,983 | €38,291 | €26,517 | ▼ 30.7% |
| Operating profit (loss)9901 | €43,669 | €37,226 | €25,117 | ▼ 32.5% |
| Financial income75/76B | - | €5 | €374 | ▲ 71× |
| Recurring financial income75 | - | €5 | €374 | ▲ 71× |
| Financial charges65/66B | €7 | €133 | €190 | ▲ 43.5% |
| Recurring financial charges65 | €7 | €133 | €190 | ▲ 43.5% |
| Profit (loss) for the period before taxes9903 | €43,662 | €37,098 | €25,301 | ▼ 31.8% |
| Income taxes67/77 | €11,956 | €7,562 | €5,089 | ▼ 32.7% |
| Profit (loss) for the period9904 | €31,706 | €29,536 | €20,212 | ▼ 31.6% |
| Profit (loss) for the period to be appropriated9905 | €31,706 | €29,536 | €20,212 | ▼ 31.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €54,077 | €86,503 | €106,179 | ▲ 22.7% |
| Fixed assets21/28 | €2,474 | €2,625 | €1,921 | ▼ 26.8% |
| Tangible fixed assets22/27 | €2,474 | €2,625 | €1,921 | ▼ 26.8% |
| Plant, machinery and equipment23 | €2,474 | €2,625 | €1,921 | ▼ 26.8% |
| Current assets29/58 | €51,604 | €83,878 | €104,258 | ▲ 24.3% |
| Amounts receivable within one year40/41 | €12,675 | €12,945 | €14,438 | ▲ 11.5% |
| Trade receivables40 | €12,236 | €11,914 | €13,524 | ▲ 13.5% |
| Other amounts receivable41 | €439 | €1,031 | €914 | ▼ 11.4% |
| Cash at bank and in hand54/58 | €38,617 | €70,932 | €89,508 | ▲ 26.2% |
| Deferred charges and accrued income490/1 | €312 | - | €312 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €54,077 | €86,503 | €106,179 | ▲ 22.7% |
| Equity10/15 | €41,706 | €71,242 | €91,455 | ▲ 28.4% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €31,706 | €31,706 | €31,706 | = |
| Distributable reserves133 | €31,706 | €31,706 | €31,706 | = |
| Profit (loss) carried forward14 | - | €29,536 | €49,749 | ▲ 68.4% |
| Amounts payable17/49 | €12,371 | €15,260 | €14,724 | ▼ 3.5% |
| Amounts payable within one year42/48 | €12,371 | €13,781 | €14,724 | ▲ 6.8% |
| Trade debts44 | €415 | €2,508 | €2,168 | ▼ 13.6% |
| Suppliers440/4 | €415 | €2,508 | €2,168 | ▼ 13.6% |
| Taxes, remuneration and social security45 | €11,956 | €11,273 | €12,556 | ▲ 11.4% |
| Taxes450/3 | €11,956 | €7,523 | €12,556 | ▲ 66.9% |
| Remuneration and social security454/9 | - | €3,750 | - | - |
| Accrued charges and deferred income492/3 | - | €1,479 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,706 | €29,536 | €20,212 | ▼ 31.6% |
| + Depreciation and write-downs630 | €264 | €1,065 | €1,400 | ▲ 31.4% |
| Operating cash flow (approximation) | €31,969 | €30,602 | €21,612 | ▼ 29.4% |
| Investment in fixed assets (approximation) | - | -€1,217 | -€695 | ▲ 42.9% |
| Change in cash | - | €32,316 | €18,576 | ▼ 42.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as MS ValueCapture has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MS ValueCapture itself is lower: < 0.1% within 12 months. It rests on far more data about MS ValueCapture than the profile alone.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 companies, not a prediction for MS ValueCapture. 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.
Board & ownership
Directors
Directors
1 director, no change since 2023
MYKHAYLYUK Mariya
Current
Director (not named in the articles) · since 07-02-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 17-07-2026
Owners and capital
Shareholders
At incorporation
act of 09-02-2023 ↗
- MYKHAYLYUK Mariya 500 shares (50%) · €5,000
- SAPSALIS Dimitrios 500 shares (50%) · €5,000
Capital transactions
Capital over time
- 09-02-2023 Incorporation · €10,000 · 1,000 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, 1”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant/moitié acquéreurs proportionnellement aux actions acquises, mêmes formalités”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 09-02-2023 (in French)
Network & group
MS ValueCapture shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of MS ValueCapture. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
17-07
micro format · 14 days before the deadline
2025
31-12
Financial
Weakest financial yearnet €20,212 ▼31.6%
The net result drops to €20,212, the lowest from 2023 to 2025.
30-07
micro format · 1 day before the deadline
2024
22-08
micro format · 22 days late
2023
09-02
Gazette deed
IncorporationStarting capital €10,000 · Appointment: MYKHAYLYUK Mariya (director) · Permanent representative: MYKHAYLYUK Mariya · Founder16 points ▸
Gazette deed
Incorporation
Starting capital €10,000 · Appointment: MYKHAYLYUK Mariya (director) · Permanent representative: MYKHAYLYUK Mariya · Founder16 points ▸
- Incorporation, “MS ValueCapture” (deed in French)
- Founder, MYKHAYLYUK Mariya
- Other provision, “simple souscripteur, qualité de simple souscripteur” (deed in French)
- Other provision, “fondateurs, plan financier” (deed in French)
- Founding capital, €10,000
- SAPSALIS Dimitrios holds 500 shares
- MYKHAYLYUK Mariya holds 500 shares
- Other provision, “les comparants, arrêt des statuts” (deed in French)
- Capital
- Other provision, “prise d'effet dispositions finales et/ou transitoires, comparants à l'unanimité” (deed in French)
- Other provision, “premier exercice social et première assemblée générale ordinaire”, 31-12-2023 (deed in French)
- Registered office clause, “1200 Woluwe-Saint-Lambert,avenue de Broqueville,153/b6” (deed in French)
- The act holds 4 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
MS ValueCapture in French
Enterprise number
0798.190.432
Legal form
Private limited company
Status
Active, normale toestand
Founded
07-02-2023
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 09-02-2023 (in French)Name clauseThe company operates under this name according to its articles.
MS ValueCapture
deed of 09-02-2023 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Peut avoir une adresse électronique;communication vers cette adresse par actionnaires,titulaires de titres et titulaires de certificats…”
deed of 09-02-2023 (in French)Registered office and establishments
Registered office
de Broquevillelaan 153, 1200 Sint-Lambrechts-Woluwe, Belgium
Establishment unit
MS ValueCapture, de Broquevillelaan 153, 1200 Sint-Lambrechts-Woluwe since 07-02-2023 · unit number 2.343.237.512
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 09-02-2023 (in French)
“Le conseil en affaires et en gestion,la prospection commerciale; Le management permanent,intérimaire ou temporaire de toute entreprise; Le…”
11 activities
- Le conseil en affaires et en gestion,la prospection commerciale.
- Le management permanent,intérimaire ou temporaire de toute entreprise.
- Le conseil et la mise en place dans les domaines de la gestion du changement de l’organisation des entreprises,de la communication,du conseil stratégique,de l’informatique,etc.
- La gestion de projets.
- Toute autre activité attachée à la gestion de l’entreprise.
- Toutes activités relatives à la gestion administrative,hormis ce qui est réservé par la loi aux professions réglementées.
- Exclusivement pour son compte propre,le développement,la gestion productive et la valorisation,au sens le plus large,de son patrimoine comprenant tant des biens et droits immobiliers que mobiliers.
- Peut acquérir,aliéner,donner et prendre en location tous biens et droits mobiliers ou immobiliers ainsi que constituer tous droits,faire tout emprunt et accorder tout crédit,hypothécaire ou non,accomplir tout acte et de disposition ou d’administration,cette énumération n’étant pas limitative.
- D’une manière générale,d’une pleine capacité juridique pour accomplir tous les actes et opérations ayant un rapport direct ou indirect avec son objet ou qui seraient de nature à faciliter directement ou indirectement,entièrement ou partiellement,la réalisation de cet objet.
- Peut s'intéresser par voie d'association,d'apport,de fusion,d'intervention financière ou autrement dans toutes sociétés,associations ou entreprises dont l'objet est identique,analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés.
- Peut exercer les fonctions d’administrateur ou liquidateur dans d’autres sociétés.
Invoicing and payment
VAT number
BE 0798.190.432
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of June at 18:00
deed of 09-02-2023 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
543 m²
Building footprint
142 m²
Building volume
3,602 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21673D0117/00M036 | Brussels | 543 m² | 1 · 142 m² | 29.0 m · 9 |