MSA & CO

Active

Private limited companyfounded 201214 yrs activeManchesterstraat 30, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0843.625.034

The computed 12-month bankruptcy probability of MSA & CO is 3.3% (moderate). The 2024 annual accounts show equity of €16k and a net result of €-13k. Equity is shrinking by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 62% of 6714 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

55 / 100

Fair▲ +3 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency95▼-2

Growth32▼-46

Stability100

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity ample (current ratio 2.0 against 2.25 in 2023), but 50.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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

49.6%

Return on assets

-38.8%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year -€13k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

1 d late

2023

28 d late

2022

85 d late

2021

16 d early

2020

110 d late

2019

90 d late

← before the deadline after the 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

Financials · fiscal year 2024, micro schema

Turnover

€94k

EBIT margin

-13.2%

Net result

€-13k▼ 364%

2023 · €-3k

2018: €-3k 2019: €14k 2020: €-6k 2021: €-7k 2022: €2k 2023: €-3k

2018 → 2024

Working capital

€16k▼ 42.0%

2023 · €28k

2018: €23k 2019: €37k 2020: €32k 2021: €29k 2022: €30k 2023: €28k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€94k

Equity€36k-€29k▼ 18.9%€31k▲ 7.2%€29k▼ 8.6%€16k▼ 43.9%

Operating result€-8k-€-3k▲ 55.8%€3k€-3k€-12k▼ 314%

Net result€-6k-€-7k▼ 16.6%€2k€-3k€-13k▼ 364%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €12k in 2024 against €3k in 2023; the loss grows and 2024 is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €32k

49.6%

50.4%

Equity €16k▼ 43.9%

Debt €16k▼ 26.7%

The debt ratio rises from 43.7% to 50.4%: equity shrinks faster than debt is paid down.

Key figures and ratios

2024 value · change against 2023

Solvency

49.6%▼

2023 · 56.3%

Current ratio

2.00▼

2023 · 2.25

Quick ratio

2.00▼

2023 · 2.25

Debt / equity

1.02▲

2023 · 0.78

ROE

-78.2%▼

2023 · -9.5%

ROA

-38.8%▼

2023 · -5.3%

Debt

€16k▼

2023 · €22k

Debt ≤ 1 year

€16k▼

2023 · €22k

Income taxes

€8

Staff costs

€26k▲

2023 · €9k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€51k€32k▼

Fixed assets21/28€746-

Tangible fixed assets22/27€746-

Furniture and vehicles24€746-

Current assets29/58€50k€32k▼

Amounts receivable within one year40/41€41k€32k▼

Trade receivables40€10k€26k▲

Other amounts receivable41€31k€6k▼

Cash at bank and in hand54/58€9k-

Deferred charges and accrued income490/1-€190

Equity and liabilities

Total equity and liabilities10/49€51k€32k▼

Equity10/15€29k€16k▼

Contributions10/11€19k€19k=

Reserves13€948€948=

Non-distributable reserves130/1€948€948=

Reserves not available under the articles1311€948€948=

Profit (loss) carried forward14€9k€-3k▼

Amounts payable17/49€22k€16k▼

Amounts payable within one year42/48€22k€16k▼

Financial debts43€429€108▼

Credit institutions430/8€429€108▼

Trade debts44€3k€4k▲

Suppliers440/4€3k€4k▲

Taxes, remuneration and social security45€4k€4k▲

Taxes450/3€4k€2k▼

Remuneration and social security454/9-€3k

Other amounts payable47/48€15k€8k▼

Accrued charges and deferred income492/3-€101

Income statement Code20232024

Turnover70-€94k

Non-recurring operating income76A-€4k

Goods, raw materials, services and sundry goods60/61-€85k

Remuneration, social security and pensions62€9k€26k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€373-

Other operating charges640/8€2k€3k▲

Non-recurring operating charges66A-€138

Gross operating margin9900€8k€17k▲

Operating profit (loss)9901€-3k€-12k▼

Financial income75/76B€500-

Recurring financial income75€500-

Non-recurring financial income76B€500-

Financial charges65/66B€240€292▲

Recurring financial charges65€240€292▲

Profit (loss) for the period before taxes9903€-3k€-13k▼

Income taxes67/77-€8

Profit (loss) for the period9904€-3k€-13k▼

Profit (loss) for the period to be appropriated9905€-3k€-13k▼

Appropriation of the result

Profit (loss) to be appropriated9906€9k€-3k▼

Profit (loss) brought forward from the previous period14P€12k€9k▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

01-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 1 day late

2024

31-12

Financial Weakest financial yearnet €-13k

Net result drops to €-13k, the lowest in the series.

28-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 28 days late

2023

24-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 85 days late

2022

31-12

Financial Back to profitnet €2k

Net result €2k after 2 loss-making years.

15-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

18-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 110 days late

2020

29-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 90 days late

2019

31-12

Financial Back to profitnet €14k

Net result €14k after one loss-making year.

01-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 1 day late

2018

08-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 8 days late

2017

24-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

29-07

NBB filing Annual accounts filed

fiscal year 2015 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Sint-Jans-Molenbeek · 1 establishment unit since 2012

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Manchesterstraat 301080 Sint-Jans-Molenbeek

Ground area

73 m²

Building footprint

74 m²

Volume, LiDAR

873 m³

Parcel 21523B0939/00C102, Brussels · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

MSA & CO

Manchesterstraat 30, 1080 Sint-Jans-MolenbeekNon-scheduled passenger transport by road

since 20122.206.770.883

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21523B0939/00C102	Brussels	73 m²	1 · 74 m²	16.4 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

Sint-Jans-Molenbeek · Eq €16k

Of 6,632 companies in sector 49330 we hold annual accounts for 2,257. 1,949 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded09-02-2012

Fiscal year end31-12

Activities, NACEBEL

49320Taxi operation

49330On-demand passenger transport by chauffeured vehicle

Sources

Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.