MSB-Spirits
ActiveSummary
MSB-Spirits has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-196k) and a net result of €-36k. Equity is shrinking by ~35.5% per year across the filed fiscal years. Its solvency ranks better than 10% of 98 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability1▲+1
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.97 against 1.07 in 2023; short-term debt: 101% and cash: 0.8% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-78.4%
Return on assets
-14.4%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 11
Relative position
BE, all sectors
reference
Manufacture of beverages (NACE 11)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-196k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-12-2025, 138 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
138 d late
2023
108 d late
2022
31 d early
2021
31 d early
2020
38 d early
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-196k▲ 38.5%
2023 · €-318k
Total assets
€250k▼ 0.3%
2023 · €251k
Net result
€-36k▲ 35.1%
2023 · €-55k
Working capital
€-7k
2023 · €16k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€-33k▲ 73.3%€-51k▼ 54.2%€-116k▼ 125%€-54k▲ 53.2%€-35k▲ 35.9%
Net result€-33k▲ 73.4%€-52k▼ 54.0%€-118k▼ 129%€-55k▲ 53.1%€-36k▲ 35.1%
Equity€-94k▼ 55.6%€-145k▼ 55.1%€-263k▼ 81.3%€-318k▼ 21.0%€-196k▲ 38.5%
Total assets€44k▲ 7.3%€40k▼ 9.4%€140k▲ 252%€251k▲ 78.3%€250k▼ 0.3%
Debt€138k▲ 36.0%€185k▲ 34.4%€404k▲ 118%€569k▲ 41.0%€446k▼ 21.7%
Working capital€-110k▼ 27.7%€-113k▼ 2.2%€-78k▲ 30.9%€16k€-7k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €35k in 2024 against €54k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €250k
Fixed assets
€5k ▼ 36.0%
Current assets
€245k ▲ 0.8%
Key figures and ratios
EBITDA
€-32k▲
2023 · €-51k
Cash flow
€-33k▲
2023 · €-52k
Solvency
-78.4%▲
2023 · -127.1%
Current ratio
0.97▼
2023 · 1.07
Quick ratio
0.13▼
2023 · 0.13
Debt to equity
-2.27▼
2023 · -1.79
ROA
-14.4%▲
2023 · -22.1%
Interest coverage
-26.06▼
2023 · -17.80
Debt ≤ 1 year
€252k▲
2023 · €227k
Debt > 1 year
€193k▼
2023 · €342k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €10k | €3k | €3k | ▼ 3.3% |
| Other operating charges640/8 | - | €455 | €816 | €2k | €3k | ▲ 74.5% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €-22k | €-41k | €-105k | €-50k | €-29k | ▲ 41.7% |
| Operating profit (loss)9901 | €-33k | €-51k | €-116k | €-54k | €-35k | ▲ 35.9% |
| Financial income75/76B | - | €37 | €15 | €2k | €4 | ▼ 99.8% |
| Recurring financial income75 | €3 | €37 | €15 | €2k | €4 | ▼ 99.8% |
| Financial charges65/66B | - | €150 | €2k | €3k | €1k | ▼ 57.5% |
| Recurring financial charges65 | €121 | €150 | €2k | €3k | €1k | ▼ 57.5% |
| Profit (loss) for the period before taxes9903 | €-33k | €-52k | €-118k | €-55k | €-36k | ▲ 35.1% |
| Profit (loss) for the period9904 | €-33k | €-52k | €-118k | €-55k | €-36k | ▲ 35.1% |
| Profit (loss) for the period to be appropriated9905 | €-33k | €-52k | €-118k | €-55k | €-36k | ▲ 35.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44k | €40k | €140k | €251k | €250k | ▼ 0.3% |
| Fixed assets21/28 | €17k | €17k | €9k | €8k | €5k | ▼ 36.0% |
| Intangible fixed assets21 | €16k | €17k | €8k | €7k | €5k | ▼ 33.2% |
| Tangible fixed assets22/27 | €635 | €265 | €842 | €422 | €2 | ▼ 99.5% |
| Plant, machinery and equipment23 | - | €265 | €842 | €422 | €2 | ▼ 99.5% |
| Financial fixed assets28 | - | - | - | €205 | €205 | = |
| Current assets29/58 | €27k | €23k | €131k | €243k | €245k | ▲ 0.8% |
| Stocks and contracts in progress3 | - | - | €117k | €214k | €213k | ▼ 0.3% |
| Stocks30/36 | - | - | €117k | €214k | €213k | ▼ 0.3% |
| Amounts receivable within one year40/41 | €24k | €9k | €13k | €26k | €28k | ▲ 8.1% |
| Trade receivables40 | - | €6k | €9k | €8k | €6k | ▼ 25.9% |
| Other amounts receivable41 | - | €3k | €4k | €18k | €22k | ▲ 22.7% |
| Cash at bank and in hand54/58 | €233 | €12k | €284 | €2k | €2k | ▲ 2.6% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €1k | €1k | ▲ 29.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44k | €40k | €140k | €251k | €250k | ▼ 0.3% |
| Equity10/15 | €-94k | €-145k | €-263k | €-318k | €-196k | ▲ 38.5% |
| Contributions10/11 | - | €354k | €354k | €354k | €512k | ▲ 44.7% |
| Profit (loss) carried forward14 | €-448k | €-499k | €-617k | €-672k | €-708k | ▼ 5.3% |
| Amounts payable17/49 | €138k | €185k | €404k | €569k | €446k | ▼ 21.7% |
| Amounts payable after more than one year17 | - | €50k | €194k | €342k | €193k | ▼ 43.5% |
| Financial debts170/4 | - | €50k | €194k | €342k | €193k | ▼ 43.5% |
| Amounts payable within one year42/48 | €138k | €135k | €209k | €227k | €252k | ▲ 11.2% |
| Financial debts43 | - | - | €5k | €0 | - | - |
| Credit institutions430/8 | - | - | €5k | €0 | - | - |
| Trade debts44 | €26k | €31k | €135k | €180k | €158k | ▼ 12.2% |
| Suppliers440/4 | - | €31k | €135k | €180k | €158k | ▼ 12.2% |
| Other amounts payable47/48 | - | €104k | €70k | €46k | €94k | ▲ 102% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-33k | €-52k | €-118k | €-55k | €-36k | ▲ 35.1% |
| + Depreciation and write-downs630 | €10k | €10k | €10k | €3k | €3k | ▼ 3.3% |
| Operating cash flow (approximation) | €-24k | €-42k | €-108k | €-52k | €-33k | ▲ 36.8% |
| Investment in fixed assets (approximation) | - | €-11k | €-1k | €-1k | €0 | ▲ 100% |
| Change in cash | - | €12k | €-12k | €2k | €50 | ▼ 96.9% |
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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 138 days late
2024
16-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 108 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
NBB filing
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Antwerpen · 1 establishment unit since 2017
Ground area
2,372 m²
Building footprint
792 m²
Volume, LiDAR
15,969 m³
Parcel 11303B0445/00F008, Flanders · tallest building 23.9 m, ±7 floors. Linked by address, not a title deed.
101
companies at this address
See who is registered here
1 establishment unit
MSB-Spirits
since 20172.269.833.553
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0445/00F008 | Flanders | 2,372 m² | 1 · 792 m² | 23.9 m · 7 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.269.833.553
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Ranst
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 274 companies in sector 11010 we hold annual accounts for 121. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
11010Manufacture of beverages
46341Wholesale of wines and spirits
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.