MSA Infra

Active

Private limited company (pre-2019)founded 2019active for 7 yearsScoutsstraat 31, 9240 Zele, BelgiumKBO/BCE: BE 0720.657.243

Summary

MSA Infra has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109,704 and a net result of €57,968. Equity is growing by about 42% per year across the filed financial years. Its solvency ranks better than 63% of 34,699 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisFollow Report Compare

MSA InfraActiveChecked score 85/100

Risk analysis Report Compare

Activity

Site preparation

NACE 43120

1 site

Size

€187,557total assets 2025

Staff: 0.4 FTE
Equity: €109,704
Profit: €57,968

Turnover not published (micro format)

Financial health

85 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.5%

Structure

2025 accounts filed 28 days late2 deeds in the Belgian Official Gazette

Why 85raises riskSector: Specialised construction activities (NACE 43)Size: total assets €187,557Founded in 2019lowers riskLiquidity: current ratio 2.33, cash €30,780Show the evidence

Checked score

Score 2025

85 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 73% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 83+3

equity 58.5% of total assets

Liquidity 51-22

short-term debt 41.5% · cash 16.4%

Profitability 100+11

return on assets 30.9%

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,621 companies, NACE 43, micro)

Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.3%▼ -0.2 percentage points vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025lowest value 09-2025: 0.3%● unchanged vs 08-2025lowest value 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.4%▲ +0.1 percentage points vs 12-2025 02-2026: 0.7%▲ +0.3 percentage points vs 01-2026highest value 03-2026: 0.4%▼ -0.3 percentage points vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.5%▲ +0.1 percentage points vs 09-2026

Credit of up to €9,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.33, compared with 2.02 in 2024, above the usual 1.5; short-term debt: 41.5% and cash: 16.4% of total assets), and 41.5% 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 43, micro): better than 64% on solvency, 45% on liquidity, 92% on profitability and 92% on growth.

The bankruptcy probability was computed on 24-10-2026 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).

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Signals

Five signals.

lowers riskraises riskneutral

Liquidity: current ratio 2.33, cash €30,780

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Size: total assets €187,557

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 2019

Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.

KBO

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.

NBB · 6 filings

Deviation from the deadline

2025

28 days late

2024

on the day

2023

1 day early

2022

2 days early

2021

9 days late

2020

3 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 5 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-06-2026 year end25-10-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

28-02-2026 Annual accounts filedfinancial year 2025 · micro…
30-06-2025 Highest result from 2020 to 2025net €57,968 ▲278%
30-06-2025 Equity above €100,000equity €109,704 ▲112%

Key points

Positive: Equity rose in 2025from €51,736 to €109,704 ▲ 112% View
Positive: Among the best 12% on net resultsector median €10,246 · 34,686 companies €57,968 View
Positive: 6 profitable years in a rowprofit 2025: €57,968 6 years View

By topic

Financials

Financial year: 2025
Total assets: €187,557
Profit: €57,968
Solvency: 58.5%

Total assets▲ 99.7%

Net result

20202025

Go to Financials

Timeline

Events: 9
Since: 2021
Next accounts: by 31-01-2027

31-01-2025Annual accounts filed
30-01-2024Annual accounts filed
29-01-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company (pre-2019)
Activity: Site preparationNACE 43120
Founded: 13-02-2019
Year ends: 30-06
Peppol: Reachable for e-invoices

Go to Company details

Key facts about MSA Infra

What is the company number of MSA Infra?: 0720.657.243. In Belgium the VAT number is the company number with BE in front: BE 0720.657.243.
Where is MSA Infra based?: The registered office is at Scoutsstraat 31, 9240 Zele.Company details
What does MSA Infra do?: According to the KBO register, the main activity is site preparation (NACE 43120).
What is the legal form of MSA Infra?: Private limited company (pre-2019) (BVBA).
When was MSA Infra founded?: On 13-02-2019.
Is MSA Infra still active?: Yes, MSA Infra is an active enterprise in the KBO register.
How many employees does MSA Infra have?: On average 0.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MSA Infra?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is MSA Infra profitable?: In financial year 2025, MSA Infra made a profit of €57,968.
Where can I find the annual accounts of MSA Infra?: MSA Infra filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MSA Infra due?: By 31-01-2027, for financial year 2026.Timeline