MS4CONSULTING
ActiveSummary
MS4CONSULTING has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €303k and a net result of €87k. Equity is growing by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 75% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.78 against 10.28 in 2024; short-term debt: 20.2% and cash: 17.5% of total assets), and 21.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.8%
Return on assets
22.6%
Age of the figures
9 mo
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 16-03-2026, 137 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
137 d early
2024
35 d early
2023
29 d early
2022
117 d early
2021
40 d early
2020
27 d late
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€303k▼ 28.7%
2024 · €425k
2019: €67klowest in 7 years
2020: €158k▲ +135% vs 2019
2021: €219k▲ +38.6% vs 2020
2022: €334k▲ +53.0% vs 2021
2023: €334k● 0.0% vs 2022
2024: €425k▲ +27.1% vs 2023highest in 7 years
2025: €303k▼ -28.7% vs 2024
2019 → 2025
Total assets
€384k▼ 18.9%
2024 · €474k
2019: €164klowest in 7 years
2020: €232k▲ +41.9% vs 2019
2021: €286k▲ +23.0% vs 2020
2022: €421k▲ +47.3% vs 2021
2023: €497k▲ +18.2% vs 2022highest in 7 years
2024: €474k▼ -4.7% vs 2023
2025: €384k▼ -18.9% vs 2024
2019 → 2025
Net result
€87k▼ 6.1%
2024 · €92k
2019: €63k
2020: €91k▲ +44.8% vs 2019
2021: €62k▼ -31.0% vs 2020lowest in 7 years
2022: €119k▲ +91.2% vs 2021highest in 7 years
2023: €117k▼ -2.0% vs 2022
2024: €92k▼ -21.0% vs 2023
2025: €87k▼ -6.1% vs 2024
2019 → 2025
Working capital
€293k▼ 28.9%
2024 · €412k
2019: €105klowest in 7 years
2020: €157k▲ +49.5% vs 2019
2021: €219k▲ +39.4% vs 2020
2022: €336k▲ +53.1% vs 2021
2023: €332k▼ -1.1% vs 2022
2024: €412k▲ +24.1% vs 2023highest in 7 years
2025: €293k▼ -28.9% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€219k-€334k▲ 53.0%€334k=€425k▲ 27.1%€303k▼ 28.7%
2021: €219klowest in 5 years
2022: €334k▲ +53.0% vs 2021
2023: €334k● 0.0% vs 2022
2024: €425k▲ +27.1% vs 2023highest in 5 years
2025: €303k▼ -28.7% vs 2024
Operating result€89k-€175k▲ 95.6%€159k▼ 9.1%€131k▼ 17.4%€115k▼ 12.4%
2021: €89klowest in 5 years
2022: €175k▲ +95.6% vs 2021highest in 5 years
2023: €159k▼ -9.1% vs 2022
2024: €131k▼ -17.4% vs 2023
2025: €115k▼ -12.4% vs 2024
Net result€62k-€119k▲ 91.2%€117k▼ 2.0%€92k▼ 21.0%€87k▼ 6.1%
2021: €62klowest in 5 years
2022: €119k▲ +91.2% vs 2021highest in 5 years
2023: €117k▼ -2.0% vs 2022
2024: €92k▼ -21.0% vs 2023
2025: €87k▼ -6.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €384k
Fixed assets
€14k ▼ 22.0%
Current assets
€371k ▼ 18.8%
Equity and liabilities €384k
Equity
€303k ▼ 28.7%
Debt
€82k ▲ 66.5%
Debt's share of the balance-sheet total rises from 10.3% to 21.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€119k▼
2024 · €134k
Cash flow
€91k▼
2024 · €95k
Current ratio
4.78▼
2024 · 10.28
Debt to equity
0.27▲
2024 · 0.12
ROE
28.7%▲
2024 · 21.7%
ROA
22.6%▲
2024 · 19.5%
Interest coverage
41.47▲
2024 · 21.97
Debt ≤ 1 year
€78k▲
2024 · €44k
Income taxes
€35k▼
2024 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€474k€384k▼
Fixed assets21/28€18k€14k▼
Tangible fixed assets22/27€18k€14k▼
Furniture and vehicles24€1k€736▼
Other tangible fixed assets26€16k€13k▼
Current assets29/58€456k€371k▼
Amounts receivable within one year40/41€25k€106k▲
Trade receivables40€15k€19k▲
Other amounts receivable41€10k€87k▲
Current investments50/53€275k€188k▼
Cash at bank and in hand54/58€147k€67k▼
Deferred charges and accrued income490/1€9k€10k▲
Equity and liabilities
Total equity and liabilities10/49€474k€384k▼
Equity10/15€425k€303k▼
Contributions10/11€6k€6k=
Reserves13€358k€297k▼
Tax-exempt reserves132€29k€29k=
Distributable reserves133€328k€267k▼
Profit (loss) carried forward14€61k-
Amounts payable17/49€49k€82k▲
Amounts payable within one year42/48€44k€78k▲
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€4k€13k▲
Taxes450/3€3k€13k▲
Remuneration and social security454/9€1k-
Other amounts payable47/48€39k€62k▲
Accrued charges and deferred income492/3€5k€4k▼
Income statement
Code20242025
Non-recurring operating income76A€35k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€942€942=
Gross operating margin9900€135k€120k▼
Operating profit (loss)9901€131k€115k▼
Financial income75/76B€3k€9k▲
Recurring financial income75€3k€9k▲
Financial charges65/66B€6k€3k▼
Recurring financial charges65€6k€3k▼
Profit (loss) for the period before taxes9903€128k€121k▼
Income taxes67/77€35k€35k▼
Profit (loss) for the period9904€92k€87k▼
Transfer to tax-exempt reserves689€29k-
Profit (loss) for the period to be appropriated9905€63k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€63k€87k▲
Transfer from equity791/2-€122k
Profit to be distributed694/7€2k€209k▲
Return on contributions (dividend)694€2k€209k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €35k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €972 | €3k | €4k | ▲ 52.5% |
| Other operating charges640/8 | €1k | €834 | €1k | €942 | €942 | = |
| Gross operating margin9900 | €92k | €177k | €161k | €135k | €120k | ▼ 11.1% |
| Operating profit (loss)9901 | €89k | €175k | €159k | €131k | €115k | ▼ 12.4% |
| Financial income75/76B | - | - | - | €3k | €9k | ▲ 269% |
| Recurring financial income75 | - | - | - | €3k | €9k | ▲ 269% |
| Financial charges65/66B | €1k | €2k | €3k | €6k | €3k | ▼ 52.9% |
| Recurring financial charges65 | €1k | €2k | €3k | €6k | €3k | ▼ 52.9% |
| Profit (loss) for the period before taxes9903 | €88k | €172k | €156k | €128k | €121k | ▼ 4.8% |
| Income taxes67/77 | €26k | €53k | €39k | €35k | €35k | ▼ 1.5% |
| Profit (loss) for the period9904 | €62k | €119k | €117k | €92k | €87k | ▼ 6.1% |
| Transfer to tax-exempt reserves689 | - | - | - | €29k | - | - |
| Profit (loss) for the period to be appropriated9905 | €62k | €119k | €117k | €63k | €87k | ▲ 37.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €286k | €421k | €497k | €474k | €384k | ▼ 18.9% |
| Fixed assets21/28 | €2k | €2k | €6k | €18k | €14k | ▼ 22.0% |
| Tangible fixed assets22/27 | €2k | €2k | €6k | €18k | €14k | ▼ 22.0% |
| Furniture and vehicles24 | €2k | €2k | €3k | €1k | €736 | ▼ 48.9% |
| Other tangible fixed assets26 | - | - | €4k | €16k | €13k | ▼ 19.6% |
| Current assets29/58 | €283k | €419k | €491k | €456k | €371k | ▼ 18.8% |
| Amounts receivable within one year40/41 | €29k | €28k | €38k | €25k | €106k | ▲ 319% |
| Trade receivables40 | €28k | €28k | €27k | €15k | €19k | ▲ 26.1% |
| Other amounts receivable41 | €1k | - | €11k | €10k | €87k | ▲ 761% |
| Current investments50/53 | - | - | - | €275k | €188k | ▼ 31.8% |
| Cash at bank and in hand54/58 | €249k | €384k | €442k | €147k | €67k | ▼ 54.0% |
| Deferred charges and accrued income490/1 | €5k | €7k | €10k | €9k | €10k | ▲ 1.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €286k | €421k | €497k | €474k | €384k | ▼ 18.9% |
| Equity10/15 | €219k | €334k | €334k | €425k | €303k | ▼ 28.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €212k | €328k | €328k | €358k | €297k | ▼ 17.0% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €29k | €29k | = |
| Distributable reserves133 | €210k | €326k | €328k | €328k | €267k | ▼ 18.6% |
| Profit (loss) carried forward14 | - | - | - | €61k | - | - |
| Amounts payable17/49 | €67k | €87k | €163k | €49k | €82k | ▲ 66.5% |
| Amounts payable within one year42/48 | €64k | €83k | €159k | €44k | €78k | ▲ 74.6% |
| Trade debts44 | €2k | €1k | €1k | €1k | €3k | ▲ 143% |
| Suppliers440/4 | €2k | €1k | €1k | €1k | €3k | ▲ 143% |
| Taxes, remuneration and social security45 | €29k | €46k | €5k | €4k | €13k | ▲ 210% |
| Taxes450/3 | €28k | €45k | €3k | €3k | €13k | ▲ 366% |
| Remuneration and social security454/9 | €1k | €1k | €1k | €1k | - | - |
| Other amounts payable47/48 | €33k | €36k | €153k | €39k | €62k | ▲ 58.6% |
| Accrued charges and deferred income492/3 | €3k | €3k | €4k | €5k | €4k | ▼ 11.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62k | €119k | €117k | €92k | €87k | ▼ 6.1% |
| + Depreciation and write-downs630 | €2k | €2k | €972 | €3k | €4k | ▲ 52.5% |
| Operating cash flow (approximation) | €64k | €121k | €118k | €95k | €91k | ▼ 4.5% |
| Investment in fixed assets (approximation) | - | €-1k | €-5k | €-14k | €0 | ▲ 100% |
| Change in cash | - | €135k | €58k | €-296k | €-79k | ▲ 73.3% |
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
Next filing, fiscal year 2026, expected by
2026
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 10.28
Current ratio from 3.09 to 10.28; short-term debt falls from €159k to €44k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €119k ▲91.2%
Operating result €175k, net result €119k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €62k ▼31%
Net result drops to €62k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €219k ▲38.6%
3 profitable years in a row build equity to €219k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €150kEq €158k ▲135%
2 profitable years in a row build equity to €158k.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 2019
Ground area
593 m²
Building footprint
111 m²
Volume, LiDAR
594 m³
Parcel 44074B0576/00E003, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MS4CONSULTING BVBA
since 20192.285.055.130
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074B0576/00E003 | Flanders | 593 m² | 1 · 111 m² | 7.9 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,104 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
Founded11-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.