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MSB PARTNERS

Active
Private limited companyfounded 20233 yrs activeGustave Schildknechtstraat 22, 1020 Brussel, BelgiumKBO/BCE: BE 0805.967.060
Summary

MSB PARTNERS has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97,801 and a net result of €95,801. Its solvency ranks better than 33% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes
Profitability100
Solvency62
Growth-
Track record79
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.66; short-term debt: 37.5% and cash: 3.2% of total assets), but 63.1% of the assets are financed with debt.
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Signals

Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
36.9%
Return on assets
36.1%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-02-2026, 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 · 1 filing
Deviation from the deadline
2025
1 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

MSB PARTNERS was incorporated on 18 September 2023 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€97,801
Total assets
€265,323
Net result
€95,801
Working capital
€165,730

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

Balance-sheet composition
Equity and liabilities €265,323
Equity €97,801
Debt €167,522
Debt finances 63.1% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
2.66
Debt to equity
1.71
ROE
98.0%
ROA
36.1%
Debt ≤ 1 year
€99,594
Income taxes
€25,000
Staff costs
€103,442

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 39,275 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
Filed annual accounts As filed with the NBB · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€265,323
Current assets29/58€265,323
Amounts receivable within one year40/41€253,775
Trade receivables40€48,775
Other amounts receivable41€205,000
Cash at bank and in hand54/58€8,386
Deferred charges and accrued income490/1€3,163
Equity and liabilities
Total equity and liabilities10/49€265,323
Equity10/15€97,801
Contributions10/11€2,000
Profit (loss) carried forward14€95,801
Amounts payable17/49€167,522
Amounts payable within one year42/48€99,594
Trade debts44€29,761
Suppliers440/4€29,761
Taxes, remuneration and social security45€60,581
Taxes450/3€43,399
Remuneration and social security454/9€17,182
Other amounts payable47/48€9,252
Accrued charges and deferred income492/3€67,929
Income statement Code2025
Remuneration, social security and pensions62€103,442
Other operating charges640/8€773
Gross operating margin9900€221,923
Operating profit (loss)9901€117,707
Financial income75/76B€3,166
Recurring financial income75€3,166
Financial charges65/66B€72
Recurring financial charges65€72
Profit (loss) for the period before taxes9903€120,801
Income taxes67/77€25,000
Profit (loss) for the period9904€95,801
Profit (loss) for the period to be appropriated9905€95,801
Appropriation of the result
Profit (loss) to be appropriated9906€95,801

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€103,442
Other operating charges640/8€773
Gross operating margin9900€221,923
Operating profit (loss)9901€117,707
Financial income75/76B€3,166
Recurring financial income75€3,166
Financial charges65/66B€72
Recurring financial charges65€72
Profit (loss) for the period before taxes9903€120,801
Income taxes67/77€25,000
Profit (loss) for the period9904€95,801
Profit (loss) for the period to be appropriated9905€95,801
Line2025
Assets
Total assets20/58€265,323
Current assets29/58€265,323
Amounts receivable within one year40/41€253,775
Trade receivables40€48,775
Other amounts receivable41€205,000
Cash at bank and in hand54/58€8,386
Deferred charges and accrued income490/1€3,163
Equity and liabilities
Total equity and liabilities10/49€265,323
Equity10/15€97,801
Contributions10/11€2,000
Profit (loss) carried forward14€95,801
Amounts payable17/49€167,522
Amounts payable within one year42/48€99,594
Trade debts44€29,761
Suppliers440/4€29,761
Taxes, remuneration and social security45€60,581
Taxes450/3€43,399
Remuneration and social security454/9€17,182
Other amounts payable47/48€9,252
Accrued charges and deferred income492/3€67,929
Line2025
Profit (loss) for the period9904€95,801
Operating cash flow (approximation)€95,801

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
01-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 1 day late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
2,794 m²
Building footprint
99 m²
Volume, LiDAR
820 m³
Parcel 21815D0046/00L000, Brussels · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
MSB PARTNERS
Gustave Schildknechtstraat 22, 1020 BrusselCertified accountants and tax accountants
since 20232.351.210.021
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21815D0046/00L000 Brussels 2,794 m² 1 · 99 m² 12.4 m · 3 fl.
Linked by address, not proof of ownership
Good to know
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

Of 2,264 companies in sector 69209 we hold annual accounts for 1,098. 854 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
Founded18-09-2023
Fiscal year end30-06
Activities, NACEBEL 2025
69209Other tax advisory services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0805967060
Registered 17-07-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.