MSB
ActiveSummary
MSB has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110,153 and a net result of €17,473. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 59% of 2604 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-2
Solvency72▲+11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 1.05 in 2024; short-term debt: 40.6% and cash: 4.7% of total assets), and 52.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
47.4%
Return on assets
7.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
38 d early
2023
on the day
2022
2 d early
2021
3 d early
2020
17 d early
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€110,153▲ 18.9%
2024 · €92,680
Total assets
€232,214▼ 8.6%
2024 · €253,936
Net result
€17,473▼ 25.0%
2024 · €23,310
Working capital
€9,965▲ 77.3%
2024 · €5,620
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, 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
Line20212022202320242025
Operating result€22,384▲ 102%€48,277▲ 116%€8,630▼ 82.1%€29,415▲ 241%€25,965▼ 11.7%
Net result€14,766within the sector's middle half▲ 102%€33,608above the sector's middle half▲ 128%€1,719within the sector's middle half▼ 94.9%€23,310within the sector's middle half▲ 1,256%€17,473within the sector's middle half▼ 25.0%
Equity€57,161within the sector's middle half▲ 30.2%€81,769within the sector's middle half▲ 43.1%€83,488within the sector's middle half▲ 2.1%€92,680within the sector's middle half▲ 11.0%€110,153within the sector's middle half▲ 18.9%
Total assets€159,905within the sector's middle half▲ 143%€272,149within the sector's middle half▲ 70.2%€265,829within the sector's middle half▼ 2.3%€253,936within the sector's middle half▼ 4.5%€232,214within the sector's middle half▼ 8.6%
Debt€102,744▲ 367%€188,081▲ 83.1%€182,341▼ 3.1%€161,256▼ 11.6%€122,061▼ 24.3%
Working capital€53,391within the sector's middle half▲ 33.7%€3,164within the sector's middle half▼ 94.1%€3,642within the sector's middle half▲ 15.1%€5,620within the sector's middle half▲ 54.3%€9,965within the sector's middle half▲ 77.3%
Solvency35.7%within the sector's middle half▼ 30.9pp30.0%within the sector's middle half▼ 5.7pp31.4%within the sector's middle half▲ 1.4pp36.5%within the sector's middle half▲ 5.1pp47.4%within the sector's middle half▲ 10.9pp
Current ratio1.53within the sector's middle half▼ 1.381.03within the sector's middle half▼ 0.491.03within the sector's middle half=1.05within the sector's middle half▲ 0.021.11within the sector's middle half▲ 0.06
Return on assets (ROA)9.2%within the sector's middle half▼ 1.9pp12.3%within the sector's middle half▲ 3.1pp0.6%within the sector's middle half▼ 11.7pp9.2%within the sector's middle half▲ 8.5pp7.5%within the sector's middle half▼ 1.7pp
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, 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
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €232,214
Fixed assets
€127,935 ▼ 6.2%
Current assets
€104,279 ▼ 11.2%
Equity and liabilities €232,214
Equity
€110,153 ▲ 18.9%
Debt
€122,061 ▼ 24.3%
Debt's share of the balance-sheet total falls from 63.5% to 52.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,500▼
2024 · €52,770
Cash flow
€41,008▼
2024 · €46,665
Quick ratio
0.56▼
2024 · 0.62
Debt to equity
1.11▼
2024 · 1.74
ROE
15.9%▼
2024 · 25.2%
Interest coverage
14.25▲
2024 · 11.41
Debt ≤ 1 year
€94,314▼
2024 · €111,873
Debt > 1 year
€27,747▼
2024 · €49,133
Income taxes
€7,827▲
2024 · €6,223
Staff costs
€793
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 34,696 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €793 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,536 | €17,274 | €22,906 | €23,355 | €23,535 | ▲ 0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€230 | €0 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €2,300 | -€2,300 | €0 | - | - |
| Other operating charges640/8 | €2,370 | €52,325 | €6,210 | €2,460 | €6,085 | ▲ 147% |
| Gross operating margin9900 | €28,291 | €119,945 | €35,446 | €55,231 | €56,378 | ▲ 2.1% |
| Operating profit (loss)9901 | €22,384 | €48,277 | €8,630 | €29,415 | €25,965 | ▼ 11.7% |
| Financial income75/76B | €63 | €30 | €289 | €4,743 | €2,808 | ▼ 40.8% |
| Recurring financial income75 | €63 | €30 | €289 | €0 | €10 | - |
| Non-recurring financial income76B | - | - | - | €4,743 | €2,798 | ▼ 41.0% |
| Financial charges65/66B | €1,996 | €3,441 | €5,397 | €4,626 | €3,474 | ▼ 24.9% |
| Recurring financial charges65 | €1,821 | €3,441 | €5,397 | €4,626 | €3,474 | ▼ 24.9% |
| Non-recurring financial charges66B | €175 | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €20,451 | €44,866 | €3,521 | €29,532 | €25,299 | ▼ 14.3% |
| Income taxes67/77 | €5,685 | €11,258 | €1,802 | €6,223 | €7,827 | ▲ 25.8% |
| Profit (loss) for the period9904 | €14,766 | €33,608 | €1,719 | €23,310 | €17,473 | ▼ 25.0% |
| Profit (loss) for the period to be appropriated9905 | €14,766 | €33,608 | €1,719 | €23,310 | €17,473 | ▼ 25.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159,905 | €272,149 | €265,829 | €253,936 | €232,214 | ▼ 8.6% |
| Fixed assets21/28 | €5,117 | €170,045 | €150,147 | €136,443 | €127,935 | ▼ 6.2% |
| Intangible fixed assets21 | - | €153,066 | €136,566 | €120,066 | €103,566 | ▼ 13.7% |
| Tangible fixed assets22/27 | €5,078 | €16,940 | €13,542 | €16,377 | €24,370 | ▲ 48.8% |
| Plant, machinery and equipment23 | €1,952 | €7,005 | €6,747 | €12,722 | €18,620 | ▲ 46.4% |
| Furniture and vehicles24 | €3,126 | €9,935 | €6,795 | €3,655 | €5,750 | ▲ 57.3% |
| Financial fixed assets28 | €39 | €39 | €39 | €0 | - | - |
| Current assets29/58 | €154,788 | €102,104 | €115,682 | €117,493 | €104,279 | ▼ 11.2% |
| Stocks and contracts in progress3 | €14,662 | €17,230 | €34,000 | €48,000 | €51,000 | ▲ 6.3% |
| Stocks30/36 | €14,662 | €17,230 | €34,000 | €48,000 | €51,000 | ▲ 6.3% |
| Amounts receivable within one year40/41 | €64,193 | €52,406 | €45,274 | €30,100 | €34,428 | ▲ 14.4% |
| Trade receivables40 | €64,193 | €6,091 | €5,744 | €2,071 | €22,356 | ▲ 980% |
| Other amounts receivable41 | - | €46,315 | €39,530 | €28,029 | €12,072 | ▼ 56.9% |
| Cash at bank and in hand54/58 | €63,621 | €17,316 | €23,658 | €29,058 | €10,800 | ▼ 62.8% |
| Deferred charges and accrued income490/1 | €12,312 | €15,152 | €12,751 | €10,336 | €8,051 | ▼ 22.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159,905 | €272,149 | €265,829 | €253,936 | €232,214 | ▼ 8.6% |
| Equity10/15 | €57,161 | €81,769 | €83,488 | €92,680 | €110,153 | ▲ 18.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €469 | €469 | €469 | €469 | €469 | = |
| Non-distributable reserves130/1 | €469 | €469 | €469 | €469 | €469 | = |
| Reserves not available under the articles1311 | €469 | €469 | €469 | €469 | €469 | = |
| Profit (loss) carried forward14 | €36,691 | €61,299 | €63,019 | €72,211 | €89,683 | ▲ 24.2% |
| Provisions and deferred taxes16 | - | €2,300 | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €2,300 | €0 | - | - | - |
| Environmental obligations163 | - | €2,300 | €0 | - | - | - |
| Amounts payable17/49 | €102,744 | €188,081 | €182,341 | €161,256 | €122,061 | ▼ 24.3% |
| Amounts payable after more than one year17 | - | €89,141 | €70,300 | €49,133 | €27,747 | ▼ 43.5% |
| Financial debts170/4 | - | €89,141 | €70,300 | €49,133 | €27,747 | ▼ 43.5% |
| Amounts payable within one year42/48 | €101,397 | €98,940 | €112,040 | €111,873 | €94,314 | ▼ 15.7% |
| Current portion of amounts payable after more than one year42 | - | €22,656 | €20,953 | €21,168 | €21,385 | ▲ 1.0% |
| Financial debts43 | - | - | €1,923 | €1,693 | €3,192 | ▲ 88.5% |
| Credit institutions430/8 | - | - | €1,923 | €1,693 | €3,192 | ▲ 88.5% |
| Trade debts44 | €27,182 | €43,896 | €42,261 | €50,721 | €61,206 | ▲ 20.7% |
| Suppliers440/4 | €27,182 | €43,896 | €42,261 | €50,721 | €61,206 | ▲ 20.7% |
| Taxes, remuneration and social security45 | €10,461 | €20,548 | €13,411 | €4,702 | €4,842 | ▲ 3.0% |
| Taxes450/3 | €10,461 | €20,548 | €13,411 | €4,702 | €4,842 | ▲ 3.0% |
| Other amounts payable47/48 | €63,755 | €11,840 | €33,493 | €33,588 | €3,689 | ▼ 89.0% |
| Accrued charges and deferred income492/3 | €1,348 | €0 | - | €250 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,766 | €33,608 | €1,719 | €23,310 | €17,473 | ▼ 25.0% |
| + Depreciation and write-downs630 | €3,536 | €17,274 | €22,906 | €23,355 | €23,535 | ▲ 0.8% |
| Operating cash flow (approximation) | €18,302 | €50,882 | €24,625 | €46,665 | €41,008 | ▼ 12.1% |
| Investment in fixed assets (approximation) | - | -€182,202 | -€3,007 | -€9,651 | -€15,028 | ▼ 55.7% |
| Change in cash | - | -€46,305 | €6,342 | €5,400 | -€18,257 | ▼ 438% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €110,153 ▲18.9%
8 profitable years in a row build equity to €110,153.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €1,719 ▼94.9%
Net result drops to €1,719, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €33,608 ▲128%
Operating result €48,277, net result €33,608, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 2.00
Current ratio from 0.73 to 2.00; short-term debt falls from €83,301 to €28,844.
20-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Nandrin · 4 establishment units since 2015
Ground area
2,766 m²
Building footprint
166 m²
Volume, LiDAR
1,073 m³
3 parcels, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
4 establishment units
MSB
since 20152.239.355.559
Route du Condroz 9, 4550 Nandrin
since 20152.365.100.025
Marche,Rue des Deux Provinces 9, 6900 Marche-en-Famenne
since 20222.365.100.124
Chaussée de Tirlemont(WAN) 31, 4520 Wanze
since 20232.365.099.926
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61069C0104/00V000 | Wallonia | 980 m² | 1 · 128 m² | 7.9 m · 2 fl. |
| 61043A0041/00T000indicative | Wallonia | 953 m² | - | - |
| 61072A0167/00A020 | Wallonia | 833 m² | 1 · 37 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels 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
AMS Group
BE 0820.514.585
Ukkel · Eq €110,733
Car-wash MARTINY
BE 0844.539.903
Durbuy · Eq €109,513
LUTOWASH
BE 0447.272.344
Leuze-en-Hainaut · Eq €107,993
SIMFLO
BE 0895.757.386
Zwevegem · Eq €112,618
CARWASH LENS
BE 0670.586.437
Boortmeerbeek · Eq €107,293
Of 3,205 companies in sector 95316 we hold annual accounts for 754. 525 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
Founded13-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
95316Washing and cleaning of motor vehicles
47820Retail sale of motor vehicle parts and accessories
47784Retail sale of souvenirs and religious articles
49410Freight transport by road
81230Other cleaning activities
93110Operation of sports facilities
Contact
E-mail
cedricbusin@hotmail.comNandrin
Phone
0475/35.17.25Nandrin
E-invoicing
Reachable via Peppol
Peppol ID
0208:0568675366
Also
9925:BE0568675366
Registered
24-11-2025
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.