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MSA & CO

Active
Private limited companyfounded 2012active for 14 yearsManchesterstraat 30, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0843.625.034
Summary

MSA & CO has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,421 and a net result of €304. Equity has been shrinking by about 11% per year since 2018. Its solvency ranks better than 75% of 5,879 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Overview

Official details

Source: KBO
Status
Active since 09-02-2012 Normal situation
Activity
On-demand passenger transport by chauffeured vehicle NACE 49330
Establishment unit
2.206.770.883 1080 Sint-Jans-Molenbeek, since 15-02-2012
Financial year end
31 December
Peppol
Reachable since 30-03-2026

Board and ownership

Board

Financial position

65 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.2%
Annual accounts 2025
Turnover
€93,835
▲ 0.3%
Profit
€304
Equity
€16,421
▲ 1.9%
Total assets
€25,781
▼ 20.6%
Staff
≈ 0.6 FTE
estimated
  • 2025 accounts filed 56 days after the deadline
Filed on 25-09-2026
Score breakdownraises riskLast filed accounts filed 56 days late; 1 of the last 3 accounts lateSector: Land transport and transport via pipelines (NACE 49)Size: turnover €93,835, total assets €25,781lowers riskFounded in 2012Show the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 43% of micro companies in land transport (NACE 49)
Financial strength · tick: 2024
Average
Solvency 89+14
equity 63.7% of total assets
Liquidity 38-12
short-term debt 36.3% · cash 3.4%
Profitability 40+40
return on assets 1.2%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,099 companies, NACE 49, micro)
Last 24 months 12-2024: 1.0% 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 0.9%▼ -0.1 percentage points vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025lowest value 07-2025: 1.0%▲ +0.1 percentage points vs 06-2025 08-2025: 1.3%▲ +0.3 percentage points vs 07-2025 09-2025: 2.1%▲ +0.8 percentage points vs 08-2025 10-2025: 2.1%● unchanged vs 09-2025 11-2025: 2.1%● unchanged vs 10-2025 12-2025: 2.1%● unchanged vs 11-2025 01-2026: 2.1%● unchanged vs 12-2025 02-2026: 2.1%● unchanged vs 01-2026 03-2026: 2.1%● unchanged vs 02-2026 04-2026: 2.2%▲ +0.1 percentage points vs 03-2026 05-2026: 2.2%● unchanged vs 04-2026 06-2026: 2.0%▼ -0.2 percentage points vs 05-2026 07-2026: 2.1%▲ +0.1 percentage points vs 06-2026 08-2026: 2.7%▲ +0.6 percentage points vs 07-2026highest value 09-2026: 2.6%▼ -0.1 percentage points vs 08-2026 10-2026: 1.2%▼ -1.4 percentage points vs 09-2026 11-2026: 1.2%● unchanged vs 10-2026
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.75 (2.0 in 2024), above the usual 1.5. Short-term debt is 36.3% and cash 3.4% of total assets. 36.3% 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 49, micro). It does better than 75% of them on solvency, 35% on liquidity, 23% on profitability and 40% on growth.

The bankruptcy probability was computed on 01-11-2026 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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 56 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Sector: Land transport and transport via pipelines (NACE 49)
KBO
lowers risk · Founded in 2012
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: turnover €93,835, total assets €25,781
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 2025 accounts filed 56 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 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 filings
Deviation from the deadline
2025
56 days late
2024
1 day late
2023
28 days late
2022
85 days late
2021
16 days early
2020
110 days late
2019
90 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 51 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% 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 29 August (4 of the last 5 accounts filed within 45 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Recent changes

  1. · Gazette deed Legal-form change · Resignations & appointmentsChange of role: MONIR Mohammed, from manager to director
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as MSA & CO: on-demand passenger transport by chauffeured vehicle (NACE 49330). They are comparable in size and age: total assets between €21,100 and €27,400, founded between 2005 and 2015.

CompanyTotal assetsGross margin
MSA & CO Sint-Jans-Molenbeek€25,781€29,202
RAYAN FIDJI Sint-Jans-Molenbeek€21,786€28,917
SOFUZA Anderlecht€23,385€38,954
F.A.A.D. Brussel€21,125€30,814
DYNTAX Anderlecht€26,742€46,380
HACEM Oudergem€27,424€19,005
ICA BELGIUM Ganshoren€21,663€18,625
Full comparison

Key facts about MSA & CO

What is the company number of MSA & CO?
The company number of MSA & CO is 0843.625.034. The VAT number is the same number with BE in front: BE 0843.625.034.
Where is MSA & CO based?
The registered office is at Manchesterstraat 30, 1080 Sint-Jans-Molenbeek.Company details
What does MSA & CO do?
According to the KBO register, the main activity is on-demand passenger transport by chauffeured vehicle (NACE 49330).
What is the legal form of MSA & CO?
The legal form of MSA & CO is Private limited company (BV).
When was MSA & CO founded?
MSA & CO was founded on 09-02-2012.
Is MSA & CO still active?
Yes, MSA & CO is an active enterprise in the KBO register.
How many employees does MSA & CO have?
MSA & CO had an average of 1 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
What is the turnover of MSA & CO?
The turnover of MSA & CO was €93,835 in financial year 2025, according to the filed annual accounts.
Is MSA & CO profitable?
In financial year 2025, MSA & CO made a profit of €304.
Where can I find the annual accounts of MSA & CO?
MSA & CO filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MSA & CO due?
MSA & CO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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