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MS2GROUP

Active
Private limited companyfounded 20205 yrs activeRoute du Vieux Campinaire(FL) 48, 6220 Fleurus, BelgiumKBO/BCE: BE 0759.457.738
Summary

The computed 12-month bankruptcy probability of MS2GROUP is 3.7% (moderate). The 2024 annual accounts show negative equity (-€322) and a net result of -€1,322. Equity is shrinking by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 26043 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability16
Solvency23▼-77
Growth35▼-20
Track record94
Bankruptcy probability, 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98; short-term debt: 102.1% and cash: 25.6% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-2.1%
Return on assets
-8.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year -€322
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-05-2025, 72 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
72 d early
2023
671 d late
2022
1037 d late
2021
1402 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 760 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

MS2GROUP was incorporated on 4 December 2020 as a Private limited company.1 Total assets rose from EUR 3,000 in 2021 to EUR 15,078 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€322
2023 · €3,000
Total assets
€15,078▲ 403%
2023 · €3,000
Net result
-€1,322
Working capital
-€322
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220232024
Operating result-€1,314
Net result-€1,322within the sector's middle half
Equity€3,000below the sector's middle half-€3,000below the sector's middle half=€3,000within the sector's middle half=-€322below the sector's middle half
Total assets€3,000below the sector's middle half-€3,000below the sector's middle half=€3,000below the sector's middle half=€15,078below the sector's middle half▲ 403%
Debt€15,400
Working capital-€322within the sector's middle half
Solvency-2.1%below the sector's middle half
Current ratio0.98within the sector's middle half
Return on assets (ROA)-8.8%below the sector's middle half
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€1,500-€1,000-€500€0Operating result 2024: -€1,314-€1,314Net result 2024: -€1,322-€1,3222021202220232024-€1,500-€1,000-€500€0Operating result 2024: -€1,314-€1,310Net result 2024: -€1,322-€1,320202220232024
2024 is the only fiscal year with figures: the operating result is a loss of €1,314.
Key figures and ratios
2024 value · change against 2023
Debt ≤ 1 year
€15,400
Equity ratios withheld: equity of -€322 is too small for a meaningful ratio.

Peer companies

Historical observation

Of the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a small loss
5.1% went bankrupt
5.4% stopped otherwise
89% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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% 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 1,564 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 22 lines
Balance sheet Code20232024
Assets
Total assets20/58€3,000€15,078▲
Current assets29/58€3,000€15,078▲
Amounts receivable within one year40/41-€11,220
Trade receivables40-€11,220
Current investments50/53€3,000-
Cash at bank and in hand54/58-€3,858
Equity and liabilities
Total equity and liabilities10/49€3,000€15,078▲
Equity10/15€3,000-€322▼
Contributions10/11€3,000€1,000▼
Profit (loss) carried forward14--€1,322
Amounts payable17/49-€15,400
Amounts payable within one year42/48-€15,400
Other amounts payable47/48-€15,400
Income statement Code20232024
Other operating charges640/8-€1,179
Gross operating margin9900--€135
Operating profit (loss)9901--€1,314
Financial charges65/66B-€8
Recurring financial charges65-€8
Profit (loss) for the period before taxes9903--€1,322
Profit (loss) for the period9904--€1,322
Profit (loss) for the period to be appropriated9905--€1,322
Appropriation of the result
Profit (loss) to be appropriated9906--€1,322

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Other operating charges640/8---€1,179-
Gross operating margin9900----€135-
Operating profit (loss)9901----€1,314-
Financial charges65/66B---€8-
Recurring financial charges65---€8-
Profit (loss) for the period before taxes9903----€1,322-
Profit (loss) for the period9904----€1,322-
Profit (loss) for the period to be appropriated9905----€1,322-
Line2021202220232024Change
Assets
Total assets20/58€3,000€3,000€3,000€15,078▲ 403%
Current assets29/58€3,000€3,000€3,000€15,078▲ 403%
Amounts receivable within one year40/41---€11,220-
Trade receivables40---€11,220-
Current investments50/53-€3,000€3,000--
Cash at bank and in hand54/58€3,000--€3,858-
Equity and liabilities
Total equity and liabilities10/49€3,000€3,000€3,000€15,078▲ 403%
Equity10/15€3,000€3,000€3,000-€322▼ 111%
Contributions10/11€3,000€3,000€3,000€1,000▼ 66.7%
Profit (loss) carried forward14----€1,322-
Amounts payable17/49---€15,400-
Amounts payable within one year42/48---€15,400-
Other amounts payable47/48---€15,400-
Line2021202220232024Change
Profit (loss) for the period9904----€1,322-
Operating cash flow (approximation)----€1,322-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
02-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 671 days late
02-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 1037 days late
02-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 1402 days late
2025
20-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Fleurus
exact location from the address register On OpenStreetMap
Ground area
5,619 m²
Building footprint
2,037 m²
Volume, LiDAR
11,580 m³
Parcel 52332B0507/00K004, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52332B0507/00K004 Wallonia 5,619 m² 1 · 2,037 m² 7.2 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.

Similar companies · same sector, comparable size

Of 4,238 companies in sector 47789 we hold annual accounts for 1,019. 237 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded04-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID 0208:0759457738
Also 9925:BE0759457738
Registered 22-05-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.