MS2D
ActiveSummary
MS2D has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82,647 and a net result of €14,411. Equity is growing by about 30% per year across the filed financial years. Its solvency ranks better than 55% of 2,859 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Activity
Operation of sports facilities
NACE 93110
1 site
Size
≈ €160,000turnover 2025, estimated
- Equity
- €82,647
- Profit
- €14,411
Turnover estimated from the gross margin
Why 67raises riskLast filed accounts filed 73 days late; 3 of the last 3 lateLiquidity: current ratio 1.50, cash €1,566lowers riskFounded in 2006Size: total assets €243,109Show the evidence
Checked score
Score 2025
67
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 55% of its sector peers (NACE 93, micro)
Financial strength · tick = 2024
Average
Solvency
59+6
equity 34.0% of total assets
Liquidity
48+1
short-term debt 15.2% · cash 0.6%
Profitability
70-7
return on assets 5.9%
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.4%
12-2024: 3.0%▲ +0.6 percentage points vs 11-2024highest value
01-2025: 1.1%▼ -1.9 percentage points vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.3%▲ +0.2 percentage points vs 06-2025
08-2025: 1.6%▲ +0.3 percentage points vs 07-2025
09-2025: 1.9%▲ +0.3 percentage points vs 08-2025
10-2025: 2.3%▲ +0.4 percentage points vs 09-2025
11-2025: 0.9%▼ -1.4 percentage points vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.8%▼ -0.1 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026lowest value
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.3%▲ +0.5 percentage points vs 07-2026
09-2026: 1.5%▲ +0.2 percentage points vs 08-2026
10-2026: 0.9%▼ -0.6 percentage points vs 09-2026
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.5, compared with 1.28 in 2024, above the usual 1.5; short-term debt: 15.2% and cash: 0.6% of total assets), but 66% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 93, micro): better than 54% on solvency, 44% on liquidity, 51% on profitability and 69% on growth.
The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 73 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-10-2026, 73 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
73 days late
2024
61 days late
2023
142 days late
2022
143 days late
2021
153 days late
2020
209 days late
2019
117 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 128 days after the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% 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 21 December (4 of the last 5 filed years within 70 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (73 days) Filed on 12 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00561206.
Turnover
≈ €160,000
Estimated: probably between €93,000 and €280,000
Total assets
€243,109▲ 0.1%
2024 · €242,906
Net result
€14,411▼ 15.1%
2024 · €16,976
Working capital
€18,559▲ 56.5%
2024 · €11,861
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 29% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€27,347
2025
Net result€14,411
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€243,109
2025
Equity€82,647
2025
Debt€160,462
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€18,559
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)5.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency34.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.50
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 93, Sports, amusement and recreation activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€9,569-€6,843▼ 28.5%€34,560▲ 405%€24,006▼ 30.5%€12,803▼ 46.7%€30,848▲ 141%€38,389▲ 24.4%€27,347▼ 28.8%
Net result€8,948-€497▼ 94.4%€22,360above the sector's middle half▲ 45×€12,057within the sector's middle half▼ 46.1%-€5,766below the sector's middle half€16,465within the sector's middle half€16,976within the sector's middle half▲ 3.1%€14,411within the sector's middle half▼ 15.1%
Equity€13,973-€14,470▲ 3.6%€36,830within the sector's middle half▲ 155%€43,086within the sector's middle half▲ 17.0%€37,320within the sector's middle half▼ 13.4%€52,952within the sector's middle half▲ 41.9%€69,069within the sector's middle half▲ 30.4%€82,647within the sector's middle half▲ 19.7%
Total assets€38,690-€230,056▲ 495%€225,823within the sector's middle half▼ 1.8%€230,042within the sector's middle half▲ 1.9%€228,013within the sector's middle half▼ 0.9%€232,185within the sector's middle half▲ 1.8%€242,906within the sector's middle half▲ 4.6%€243,109within the sector's middle half▲ 0.1%
Debt€24,716-€215,586▲ 772%€188,994▼ 12.3%€186,956▼ 1.1%€190,693▲ 2.0%€179,233▼ 6.0%€173,837▼ 3.0%€160,462▼ 7.7%
Working capital€11,609--€15,533€5,304within the sector's middle half€5,894within the sector's middle half▲ 11.1%-€3,592within the sector's middle half€6,030within the sector's middle half€11,861within the sector's middle half▲ 96.7%€18,559within the sector's middle half▲ 56.5%
Solvency36.1%-6.3%▼ 29.8pp16.3%within the sector's middle half▲ 10.0pp18.7%within the sector's middle half▲ 2.4pp16.4%within the sector's middle half▼ 2.4pp22.8%within the sector's middle half▲ 6.4pp28.4%within the sector's middle half▲ 5.6pp34.0%within the sector's middle half▲ 5.6pp
Current ratio1.47-0.66▼ 0.811.21within the sector's middle half▲ 0.551.19within the sector's middle half▼ 0.020.92within the sector's middle half▼ 0.271.15within the sector's middle half▲ 0.241.28within the sector's middle half▲ 0.131.50within the sector's middle half▲ 0.22
Return on assets (ROA)23.1%-0.2%▼ 22.9pp9.9%within the sector's middle half▲ 9.7pp5.2%within the sector's middle half▼ 4.7pp-2.5%within the sector's middle half▼ 7.8pp7.1%within the sector's middle half▲ 9.6pp7.0%within the sector's middle half▼ 0.1pp5.9%within the sector's middle half▼ 1.1pp
above
within
below
the middle half of NACE 93, Sports, amusement and recreation activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin 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 €243,109
Fixed assets
€187,549 ▼ 0.9%
Current assets
€55,560 ▲ 3.4%
Equity and liabilities €243,109
Equity
€82,647 ▲ 19.7%
Debt
€160,462 ▼ 7.7%
Debt's share of the balance-sheet total falls from 71.6% to 66.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36,751▼
2024 · €45,810
Cash flow
€23,816▼
2024 · €24,397
Debt to equity
1.94▼
2024 · 2.52
ROE
17.4%▼
2024 · 24.6%
Interest coverage
5.31▼
2024 · 6.47
Debt ≤ 1 year
€37,001▼
2024 · €41,875
Debt > 1 year
€123,461▼
2024 · €131,963
Income taxes
€7,713▼
2024 · €15,737
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93.5%
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: 0.9% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
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 31,368 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
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,031 | €26,077 | €5,619 | €6,018 | €6,363 | €6,327 | €7,421 | €9,405 | ▲ 26.7% |
| Other operating charges640/8 | - | - | - | €2,515 | €1,765 | €1,447 | €1,586 | €1,781 | ▲ 12.3% |
| Gross operating margin9900 | €13,078 | €36,335 | €42,725 | €32,539 | €20,930 | €38,622 | €47,395 | €38,532 | ▼ 18.7% |
| Operating profit (loss)9901 | €9,569 | €6,843 | €34,560 | €24,006 | €12,803 | €30,848 | €38,389 | €27,347 | ▼ 28.8% |
| Financial income75/76B | - | - | - | €901 | €671 | €670 | €1,407 | €1,696 | ▲ 20.5% |
| Recurring financial income75 | €990 | €448 | €972 | €901 | €671 | €670 | €1,407 | €1,696 | ▲ 20.5% |
| Financial charges65/66B | - | - | - | €8,039 | €8,330 | €10,122 | €7,083 | €6,918 | ▼ 2.3% |
| Recurring financial charges65 | €1,442 | €6,678 | €7,995 | €8,039 | €8,330 | €10,122 | €7,083 | €6,918 | ▼ 2.3% |
| Profit (loss) for the period before taxes9903 | €9,118 | €613 | €27,538 | €16,868 | €5,144 | €21,397 | €32,712 | €22,124 | ▼ 32.4% |
| Income taxes67/77 | €170 | €117 | €5,177 | €4,811 | €10,910 | €4,931 | €15,737 | €7,713 | ▼ 51.0% |
| Profit (loss) for the period9904 | €8,948 | €497 | €22,360 | €12,057 | -€5,766 | €16,465 | €16,976 | €14,411 | ▼ 15.1% |
| Profit (loss) for the period to be appropriated9905 | €8,948 | €497 | €22,360 | €12,057 | -€5,766 | €16,465 | €16,976 | €14,411 | ▼ 15.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €38,690 | €230,056 | €225,823 | €230,042 | €228,013 | €232,185 | €242,906 | €243,109 | ▲ 0.1% |
| Fixed assets21/28 | €2,364 | €200,301 | €194,682 | €192,953 | €189,015 | €187,096 | €189,170 | €187,549 | ▼ 0.9% |
| Tangible fixed assets22/27 | €2,364 | €200,301 | €194,682 | €192,953 | €189,015 | €187,096 | €189,170 | €187,549 | ▼ 0.9% |
| Land and buildings22 | - | - | - | €188,520 | €183,444 | €178,367 | €173,291 | €168,214 | ▼ 2.9% |
| Furniture and vehicles24 | - | - | - | €4,433 | €3,186 | €2,481 | €5,346 | €10,565 | ▲ 97.6% |
| Other tangible fixed assets26 | - | - | - | - | €2,386 | €6,247 | €10,533 | €8,770 | ▼ 16.7% |
| Current assets29/58 | €36,325 | €29,755 | €31,141 | €37,089 | €38,998 | €45,089 | €53,736 | €55,560 | ▲ 3.4% |
| Amounts receivable within one year40/41 | €34,940 | €25,878 | €26,217 | €31,641 | €32,030 | €38,440 | €49,374 | €51,105 | ▲ 3.5% |
| Trade receivables40 | - | - | - | €18,053 | €14,490 | €17,566 | €16,182 | €12,111 | ▼ 25.2% |
| Other amounts receivable41 | - | - | - | €13,588 | €17,540 | €20,874 | €33,192 | €38,994 | ▲ 17.5% |
| Cash at bank and in hand54/58 | €395 | €3,111 | €2,694 | €2,105 | €4,914 | €2,503 | €2,185 | €1,566 | ▼ 28.3% |
| Deferred charges and accrued income490/1 | - | - | - | €3,343 | €2,054 | €4,146 | €2,177 | €2,889 | ▲ 32.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €38,690 | €230,056 | €225,823 | €230,042 | €228,013 | €232,185 | €242,906 | €243,109 | ▲ 0.1% |
| Equity10/15 | €13,973 | €14,470 | €36,830 | €43,086 | €37,320 | €52,952 | €69,069 | €82,647 | ▲ 19.7% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €6,860 | €6,860 | €24,420 | €30,670 | €30,670 | €30,670 | €47,640 | €62,040 | ▲ 30.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €28,810 | €28,810 | €30,670 | €47,640 | €62,040 | ▲ 30.2% |
| Profit (loss) carried forward14 | -€5,287 | -€4,790 | €10 | €16 | -€5,750 | €9,882 | €9,029 | €8,207 | ▼ 9.1% |
| Amounts payable17/49 | €24,716 | €215,586 | €188,994 | €186,956 | €190,693 | €179,233 | €173,837 | €160,462 | ▼ 7.7% |
| Amounts payable after more than one year17 | - | €170,299 | €163,156 | €155,761 | €148,103 | €140,173 | €131,963 | €123,461 | ▼ 6.4% |
| Financial debts170/4 | - | - | - | €155,761 | €148,103 | €140,173 | €131,963 | €123,461 | ▼ 6.4% |
| Amounts payable within one year42/48 | €24,716 | €45,287 | €25,837 | €31,195 | €42,590 | €39,059 | €41,875 | €37,001 | ▼ 11.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,396 | €7,658 | €7,930 | €8,211 | €8,503 | ▲ 3.6% |
| Financial debts43 | - | - | - | €4,717 | €7,012 | €4,955 | €4,096 | €9,669 | ▲ 136% |
| Credit institutions430/8 | - | - | - | €4,717 | €7,012 | €4,955 | €4,096 | €9,669 | ▲ 136% |
| Trade debts44 | €15,704 | €25,912 | €10,328 | €10,819 | €11,204 | €14,811 | €6,071 | €1,512 | ▼ 75.1% |
| Suppliers440/4 | - | - | - | €10,819 | €11,204 | €14,811 | €6,071 | €1,512 | ▼ 75.1% |
| Taxes, remuneration and social security45 | - | - | - | €7,464 | €15,916 | €10,531 | €22,638 | €16,484 | ▼ 27.2% |
| Taxes450/3 | - | - | - | €7,464 | €15,916 | €10,531 | €22,638 | €16,484 | ▼ 27.2% |
| Other amounts payable47/48 | - | - | - | €800 | €800 | €833 | €859 | €833 | ▼ 3.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,948 | €497 | €22,360 | €12,057 | -€5,766 | €16,465 | €16,976 | €14,411 | ▼ 15.1% |
| + Depreciation and write-downs630 | €3,031 | €26,077 | €5,619 | €6,018 | €6,363 | €6,327 | €7,421 | €9,405 | ▲ 26.7% |
| Operating cash flow (approximation) | €11,979 | €26,574 | €27,979 | €18,075 | €597 | €22,792 | €24,397 | €23,816 | ▼ 2.4% |
| Investment in fixed assets (approximation) | - | -€224,014 | €0 | -€4,289 | -€2,425 | -€4,407 | -€9,496 | -€7,784 | ▲ 18.0% |
| Change in cash | - | €2,717 | -€418 | -€589 | €2,809 | -€2,411 | -€319 | -€618 | ▼ 94.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 12-10-2026 | 2026-00561206 |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00518411 |
| 31-12-2023 | micro format | 20-12-2024 | 2024-00628199 |
| 31-12-2022 | micro format | 21-12-2023 | 2023-00535551 |
| 31-12-2021 | micro format | 31-12-2022 | 2023-20553696 |
| 31-12-2020 | micro format | 25-02-2022 | 2022-06800472 |
| 31-12-2019 | micro format | 25-11-2020 | 2020-72200365 |
| 31-12-2018 | micro format | 22-11-2019 | 2019-74200189 |
| 31-12-2017 | micro format | 03-05-2018 | 2018-12000359 |
| 31-12-2016 | micro format | 02-01-2018 | 2018-00200111 |
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Of the 3,261 active companies whose main activity is operation of sports facilities (NACE 93110), figures are known for 1,563. 1,104 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.
Directors
Directors
1 director, last change in 2023
MASSART Denis
CurrentDirector (not named in the articles) · since 29-12-2023
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 2 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
1 person since 2023, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MASSART Denis |
|
Owners and capital
Capital and shareholders
Capital over the years
- 29-12-2023 Converted to unavailable equity · €14,260
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
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Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
12-10
NBB filing
Annual accounts filed
financial year 2025 · micro format · 73 days late
2025
30-09
NBB filing
Annual accounts filed
financial year 2024 · micro format · 61 days late
2024
20-12
NBB filing
Annual accounts filed
financial year 2023 · micro format · 142 days late
2023
31-12
Financial
Back to profitnet €16,465
Net result €16,465 after one loss-making year.
29-12
Gazette deed
Resignation: MASSART Denis (manager)Appointment: MASSART Denis (director) · Capital conversion · Amendment of the articles10 facts ▸
Gazette deed
Resignation: MASSART Denis (manager)
Appointment: MASSART Denis (director) · Capital conversion · Amendment of the articles10 facts ▸
- General meeting, 19-12-2023
- Other provision, “aanpassing statuten en behoud rechtsvorm, statuten aanpassen aan WVV” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “opheffen statutair onbeschikbare eigen vermogensrekening en beschikbaar maken voor uitkering, vormen en meerderheden van statutenwijziging” (deed in Dutch)
- Amendment of the articles
- Other provision, “Statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, MASSART Denis (manager)
- Director appointment, MASSART Denis (director (not named in the articles))
- Other provision, “kwijting ontslagnemende zaakvoerder, uitoefening mandaat” (deed in Dutch)
- Registered office clause, “Brusselsesteenweg 179,1560 Hoeilaart, 6. Zesde besluit” (deed in Dutch)
21-12
NBB filing
Annual accounts filed
financial year 2022 · micro format · 143 days late
2022
31-12
Financial
Weakest financial yearnet -€5,766
Net result drops to -€5,766, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
financial year 2021 · micro format · 153 days late
25-02
NBB filing
Annual accounts filed
financial year 2020 · micro format · 209 days late
2020
31-12
Financial
Highest result from 2018 to 2025net €22,360 ▲4,403%
Net result €22,360, the highest in the series.
25-11
NBB filing
Annual accounts filed
financial year 2019 · micro format · 117 days late
2019
22-11
NBB filing
Annual accounts filed
financial year 2018 · micro format · 114 days late
2018
03-05
NBB filing
Annual accounts filed
financial year 2017 · micro format
02-01
NBB filing
Annual accounts filed
financial year 2016 · micro format · 155 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 20 annual accounts filed, the latest 10 are here; all 20 are under Financials.
1 of 2 deeds read
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded23-02-2006
Financial year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
73300Public relations and communication consultancy
85510Sports and recreation education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879569076
Also
9925:BE0879569076
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Hoeilaart · 1 establishment unit since 2006
Ground area
519 m²
Building footprint
129 m²
Building volume
879 m³
Parcel 23033C0008/00A010, Flanders · tallest building 8.7 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MS2D
since 2006unit no. 2.153.429.692
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23033C0008/00A010 | Flanders | 519 m² | 1 · 129 m² | 8.7 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle activiteiten die verband houden met het verlenen van advies,bijstand,assistentie en training aan bedrijven en privé personen en…” (deed in Dutch)
9 activities (deed in Dutch)
- Alle activiteiten die verband houden met het verlenen van advies,bijstand,assistentie en training aan bedrijven en privé personen en instellingen in de meest ruime zin;
- Alle activiteiten die verband houden met het houden van een renstal en het fokken van paarden in de meest ruime zin;
- Alle omliggende activiteiten zoals daar zijn paardensportactiviteiten,verhuur van boxen,transport van paarden,rijlessen,bewerken van paarden en in de meest ruime zin;
- Het verwerven en beheren van participaties;
- Het waarnemen van bestuursopdrachten;
- Het verwerven,exploiteren en beheren,verhandelen en te gelde maken,valoriseren van intellectuele rechten,octrooien,brevetten,licenties,royalty’s,patenten,handelsmerken,
- Alle commissie-en makelaarstransacties doen,alsook verrichtingen van aval en borgtocht;
- Het patrimonium gevormd door inbrengen te behouden,te beheren en oordeelkundig uit te breiden.
- Binnen het kader daarvan kan de vennootschap roerende en onroerende goederen verwerven of vervreemden,zakelijke rechten toestaan of verkrijgen;
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MS2D
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Brussels Hoofdstedelijke Gewest of Vlaamse Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft kopers naar evenredigheid, elke overdracht onder levenden ten bezwarende of kosteloze titel,vrijwillig of…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, op elk moment” (deed in Dutch)“Besluiten over ontbinding of aangekondigde continuïteitsmaatregelen, ontbinding wegens verlies-alarmbelprocedure” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen” (deed in Dutch)