Debts
€227,320 117% of the balance sheet
Suppliers 18%Taxes and wages 71%Other 10%
The annual accounts state €47,522 of overdue tax debts and €114,928 of overdue social security (RSZ) debts on 31-12-2021.
MSB-LOGISTIC
Overview
Lifetime
12 annual accounts with figures on one time axis, 13 filings since 2009peak €438,769 (2019)
€372,149▲ 51.6%
lowest -€52,847 (2021)
-€52,847▼ €77,707
peak €19,667 (2020)
-€33,180▼ €52,847
€227,320▼ 26.3%
peak 21 FTE (2020)
-not published
Board3 names since 2019
1 directorDEBUIJLCarine
Documentsfilings and deeds
19-07-202212 days before the deadline
2021micro format
Gross margin from €245,469 to €372,149Loss of €52,847New manager 04-06Equity from €19,667 to -€33,180Debts from €308,428 to €227,320
Key points
from the 2021 annual accounts, the last ones filedPayment terms
46 days from customers
Customers pay 39 days earlier.
Filings
13 annual accounts since 2009
Nine of the last ten came late. The 2019 accounts came latest: 122 days after the end of the period.
No score
Recent changes
Bankruptcy closure (by liquidation)
French-language Enterprise Court of Brussels · judgment of 11-03-2025 · Bankruptcy
Bankruptcy published
French-language Enterprise Court of Brussels · judgment of 21-11-2022 · Bankruptcy
New manager
DEBUIJL Carine appointed, YAVAS Seydi resigned · General meeting of 26-04-2021 · Gazette deed
Registered office moved from Ixelles to Anderlecht
Transfer of shares from MOUNIER Eric to YAVAS Seydi · Transfer of shares from VITSE Céline to YAVAS Seydi · New registered office: rue Bollinckx 15, 1070 Anderlecht · General meeting of 11-02-2019 · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 08-09-2008 · bankruptcy closed on 11-03-2025
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2021
- €1.1m▼ 0.8%
- €52,847
- -€33,180
- €194,140▼ 40.8%
- Employeeson 31-12-2021
- 23
- Filing
- Filed on 19-07-2022
Insights on MSB-LOGISTIC
Equity fell from €19,667 in 2020 to -€33,180 in 2021.
On 21 November 2022 the court declared MSB-LOGISTIC bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2021
micro format, filed on 19-07-2022, 12 days before the deadline€1.1m
▼ 0.8%
-€52,745
▼ €78,529
-€30,479
▼ €78,529
-€30,581
▼ €77,707
-17.1%
▼ 23.1 percentage points
0.64
▼ 0.19
Money flows
of every €100 of turnover, €4.84 was lost in 2021Balance sheet
balance sheet total €194,140 on 31-12-2021What the company ownsHow it is paid for
in euro
in euro
Staff
€13,181
Staff costs divided by the average number of full-time equivalents.
-9 people
people who joined
people who left
In 2021, 29 people joined and 38 left. Training hours in 2021: 96.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
194,140 | 328,095 | 309,415 | 203 | 82 | 47 | 185 | 2,156 | 2,323 | 2,072 | 2,728 | 7,452 | |
20 |
44,493 | 62,239 | - | - | - | - | - | - | - | - | - | - | |
21/28 |
3,879 | 8,399 | 6,799 | - | - | - | - | - | - | - | - | - | |
22/27 |
3,879 | 8,399 | 6,799 | - | - | - | - | - | - | - | - | - | |
23 |
3,879 | 8,399 | 6,799 | - | - | - | - | - | - | - | - | - | |
29/58 |
145,768 | 257,457 | 302,616 | 203 | 82 | 47 | 185 | 2,156 | 2,323 | 2,072 | 2,728 | 7,452 | |
40/41 |
144,595 | 256,043 | 297,095 | - | - | - | - | 1,224 | 2,323 | 2,072 | 1,038 | 320 | |
40 |
136,389 | 175,576 | 247,313 | - | - | - | - | - | - | - | - | - | |
41 |
8,206 | 80,467 | 49,782 | - | - | - | - | 1,224 | 2,323 | 2,072 | 1,038 | 320 | |
54/58 |
1,173 | 1,414 | 5,521 | 203 | 82 | 47 | 185 | 932 | - | - | 1,690 | 7,132 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
194,140 | 328,095 | 309,415 | 203 | 82 | 47 | 185 | 2,156 | 2,323 | 2,072 | 2,728 | 7,452 | |
10/15 |
-33,180 | 19,667 | -17,248 | -4,709 | -3,980 | -3,271 | -2,277 | -348 | 725 | 1,585 | 2,117 | 4,513 | |
10/11 |
18,600 | 18,600 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | |
10 |
18,600 | - | - | - | - | - | - | - | - | - | - | - | |
100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | 12,100 | |
14 |
-51,780 | 1,067 | -23,748 | -11,209 | -10,480 | -9,771 | -8,777 | -6,848 | -5,775 | -4,915 | -4,383 | -1,987 | |
17/49 |
227,320 | 308,428 | 326,663 | 4,912 | 4,062 | 3,318 | 2,462 | 2,504 | 1,598 | 487 | 611 | 2,939 | |
42/48 |
227,320 | 308,428 | 326,663 | 4,912 | 4,062 | 3,318 | 2,462 | 2,504 | 1,598 | 487 | 611 | 1,139 | |
44 |
41,551 | 93,688 | 110,762 | - | - | 206 | - | 533 | 533 | 487 | - | 1,139 | |
440/4 |
41,551 | 93,688 | 110,762 | - | - | 206 | - | 533 | 533 | 487 | - | 1,139 | |
46 |
22,461 | - | - | - | - | - | - | - | - | - | - | - | |
45 |
162,450 | 214,740 | 214,474 | - | - | - | - | - | - | - | - | - | |
450/3 |
47,522 | 61,205 | 81,203 | - | - | - | - | - | - | - | - | - | |
454/9 |
114,928 | 153,535 | 133,270 | - | - | - | - | - | - | - | - | - | |
47/48 |
858 | - | 1,427 | 4,912 | 4,062 | 3,112 | 2,462 | 1,971 | 1,065 | - | 611 | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | 1,800 | |
| Income statement | |||||||||||||
70 |
1.1m | 1.1m | 1.5m | - | - | - | - | - | - | - | - | - | |
76A |
33,105 | 29,552 | 11,650 | - | - | - | - | - | - | - | 687 | - | |
9900 |
372,149 | 245,469 | 438,769 | -257 | -361 | -359 | -359 | -538 | -860 | -144 | -2,774 | -271 | |
60/61 |
779,925 | 884,158 | 1.0m | - | - | - | - | - | - | - | - | - | |
62 |
363,788 | 197,021 | 447,072 | - | - | - | - | - | - | - | - | - | |
630 |
22,266 | 22,266 | 640 | - | - | - | 860 | - | - | - | - | 875 | |
631/4 |
30,122 | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
8,718 | 398 | 1,846 | 347 | 348 | 437 | 710 | 437 | - | 444 | 133 | 784 | |
9901 |
-52,745 | 25,784 | -10,789 | -604 | -709 | -796 | -1,929 | -975 | -860 | -588 | -2,907 | -1,930 | |
75/76B |
- | - | - | - | - | - | - | - | - | 56 | 4 | 52 | |
75 |
- | - | - | - | - | - | - | - | - | 56 | 4 | 52 | |
65/66B |
838 | 924 | 148 | 125 | - | 198 | - | 98 | - | - | 180 | 101 | |
65 |
838 | 924 | 148 | 125 | - | 198 | - | 98 | - | - | 180 | 101 | |
9903 |
-53,583 | 24,860 | -10,938 | -729 | -709 | -994 | -1,929 | -1,073 | -860 | -532 | -2,396 | -1,979 | |
67/77 |
-736 | - | 736 | - | - | - | - | - | - | - | - | 8 | |
9904 |
-52,847 | 24,860 | -11,673 | -729 | -709 | -994 | -1,929 | -1,073 | -860 | -532 | -2,396 | -1,987 | |
9905 |
-52,847 | 24,860 | -11,673 | -729 | -709 | -994 | -1,929 | -1,073 | -860 | -532 | -2,396 | -1,987 | |
| Appropriation of the result | |||||||||||||
9906 |
-51,780 | 1,067 | -23,748 | -11,209 | -10,480 | -9,771 | -8,777 | -6,848 | -5,775 | -4,915 | -4,383 | -1,987 | |
14P |
1,067 | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||
9087 |
27.6 | 21 | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
17,237 | 15,244 | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2021 (PDF), filed on 19-07-2022.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | micro format | 19-07-2022 | 2022-20224914 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-54700315 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-74100344 | |
| 31-12-2018 | micro format | 14-10-2019 | 2019-70400320 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-60100100 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-51100088 | |
| 31-12-2015 | full format | 25-08-2016 | 2016-53900277 | |
| 31-12-2014 | full format | 30-08-2015 | 2015-57900367 | |
| 31-12-2013 | full format | 24-08-2014 | 2014-48700317 | |
| 31-12-2012 | full format | 28-08-2013 | 2013-54700087 | |
| 31-12-2011 | full format | 30-08-2012 | 2012-53800191 | |
| 31-12-2010 | full format | 29-08-2011 | 2011-52400013 | |
| 31-12-2009 | full format | 30-08-2010 | 2010-50900529 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -30,479 | 48,050 | -10,149 | - | - | - | -1,069 | - | - | - | - | -1,055 | ||
| -30,581 | 47,126 | -11,033 | - | - | - | -1,069 | - | - | - | - | -1,112 | ||
| 17,746 | 6,119 | 7,440 | - | - | - | 860 | - | - | - | - | - | ||
| -241 | -4,107 | - | 121 | 35 | -138 | -747 | - | - | - | -5,442 | - | ||
| -81,552 | -50,971 | -24,047 | -4,709 | -3,980 | -3,271 | -2,277 | -348 | 725 | 1,585 | 2,117 | 6,313 | ||
| -4.8% | 2.3% | -0.7% | - | - | - | - | - | - | - | - | - | ||
| -17.1% | 6.0% | -5.6% | - | - | - | - | - | - | - | - | 60.6% | ||
| 0.64 | 0.83 | 0.93 | - | - | - | - | - | - | - | - | 6.54 | ||
| - | 15.68 | - | - | - | - | - | - | - | - | - | 0.65 | ||
| - | 126.4% | - | - | - | - | - | - | - | - | - | -44.0% | ||
| -27.2% | 7.6% | -3.8% | - | - | - | - | - | - | - | - | -26.7% | ||
| -36.37 | - | - | - | - | - | - | - | - | - | - | - | ||
| 46 days | 58 days | 62 days | - | - | - | - | - | - | - | - | - | ||
| 19 days | 39 days | 40 days | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 23 |
| full-time | 1 |
| part-time | 22 |
| in full-time equivalents | 10.7 |
| 12 | |
| On a permanent contract | 22 |
| Joined | 29 |
| Left | 38 |
| Training hours | 96 |
Source: social balance sheet in the 2021 annual accounts
Overdue debts
tax and social security| Item | 2021 |
|---|---|
| Overdue tax debts | €47,522 |
| Overdue social security (RSZ) debts | €114,928 |
Source: notes to the 2021 annual accounts (statement of debts)
Insights on MSB-LOGISTIC
The operating result for 2021 is a loss of €52,745, after a profit of €25,784 in 2020. It is the lowest result since 2009.
Equity is negative. Debt (€227,320) exceeds the balance-sheet total (€194,140).
Board & ownership
Curator
1 mandateCurator, Avenue De Fre 229, 1180 Fr Bruxelles 18
from 21-11-2022 to 11-03-2025
Also on 167 other cases
Last board
1 director, last change in 2021Mandates through the years
3 names, the dashed line is todayBoardEarliermandate already running before its first mentionBankruptcy 21-11-2022
Mandates as a list
- DEBUIJLCarine
- Manager, appointed by deed of 04-06-2021, until the bankruptcy of 21-11-2022
- YAVAS Seydi
- Manager, appointed by deed of 29-03-2019, until 26-04-2021
- MOUNIER Eric
- Manager, until 29-03-2019
Control
Capital
- Capital
- €18,600
- Source
- 2021 annual accounts
Shareholders
Share transfer
deed of 29-03-2019 ↗
- MOUNIER Eric to YAVAS Seydi all shares
- VITSE Céline to YAVAS Seydi all shares
Network & group
No group
MSB-LOGISTIC has no parent and no holdings in its annual accounts. DEBUIJLCarine is the only director. MSB-LOGISTIC shares no director with another company.
Timeline
Timeline
21 events since 2008Board
Capital
Filings
Financial
Insolvency
Address
Other
2008201020122014201620182020202220242026
2025
Bankruptcy closure (by liquidation) French-language Enterprise Court of Brussels · judgment of 11-03-2025
2022
Bankruptcy published French-language Enterprise Court of Brussels · judgment of 21-11-2022
Annual accounts 2021 filed PDFmicro format · 12 days before the deadline
2021
Weakest financial year net -€52,847 The net result drops to -€52,847, the lowest from 2009 to 2021.
Annual accounts 2020 filed PDFmicro format · 24 days late
- General meeting, 26-04-2021
- Director resignation, YAVAS Seydi (manager)
- Director appointment, DEBUIJL Carine (manager)
- The deed holds 1 more point.
2020
Back to profit net €24,860 The net result is €24,860, after 11 loss-making years.
Annual accounts 2019 filed PDFmicro format · 122 days late
2019
Annual accounts 2018 filed PDFmicro format · 75 days late
Registered office moved from Ixelles to AnderlechtTransfer of shares from MOUNIER Eric to YAVAS Seydi · Transfer of shares from VITSE Céline to YAVAS Seydi · New registered office: rue Bollinckx 15, 1070 Anderlecht · General meeting of 11-02-20197 points ▸
- General meeting, 11-02-2019
- Director resignation, MOUNIER Eric (manager)
- Director discharge, MOUNIER Eric (manager)
- Director appointment, YAVAS Seydi (manager)
- Share transfer, MOUNIER Eric → YAVAS Seydi
- Share transfer, VITSE Céline → YAVAS Seydi
- Registered-office move, rue Bollinckx 15, 1070 Anderlecht
Company renamed from ITTEIC BELGIUM to MSB-LOGISTIC2 points ▸
- Name change, MSB-LOGISTIC
- Power of attorney, YAVAS Seydi
- The deed holds 2 more points.
2018
Annual accounts 2017 filed PDFmicro format · 27 days late
2017
Annual accounts 2016 filed PDFmicro format · 28 days late
2016
Annual accounts 2015 filed PDFfull format · 25 days late
2015
Annual accounts 2014 filed PDFfull format · 30 days late
2014
Annual accounts 2013 filed PDFfull format · 24 days late
2013
Annual accounts 2012 filed PDFfull format · 28 days late
2012
Annual accounts 2011 filed PDFfull format · 30 days late
2011
Annual accounts 2010 filed PDFfull format · 29 days late
2010
Annual accounts 2009 filed PDFfull format · 30 days late
2008
Incorporation PDF5 publications in the Belgian Official Gazette, the last on 04-06-2021
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
MSB-LOGISTIC is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Rue Bollinckx 15, 1070 Anderlechtas published on 4 June 2021
- Legal form
- Private limited company (pre-2019)
- First annual accounts
- financial year 2009