Turnover
≈ €64,000 estimated
The micro format states no turnover.
MSB Technical Projects
Overview
Lifetime
1 annual account with figurespeak €13,734 (2025)
€13,734
peak €10,265 (2025)
€10,265
peak €10,265 (2025)
€10,265
€15,616
Board2 names since 2025
1 directorBELIL Mohamed Saâd
Documentsfilings and deeds
29-08-202629 days late
2025micro format
Company renamed from SAGESSE PRO to MSB Technical Projects 13-08Incorporation 15-011 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsStarting capital
€2,000
Position in the sector
€10,265
Less equity than 82% of companies in head offices and management consultancy. Sector median €78,216 · 39,400 companies.
2025 accounts filed 29 days after the deadline
Checked score
67
Healthy
Financially stronger than 46% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2026: 0.7%lowest value
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.9%▲ +0.1 percentage points vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 1.0%▲ +0.1 percentage points vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.66
1 change of registered office in 24 months
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €25,881
Calculation
The band follows from the bankruptcy probability. 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 70, micro). It does better than 38% of them on solvency, 17% on liquidity and 84% on profitability.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as MSB Technical Projects has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of MSB Technical Projects itself is higher: 1.0% within 12 months. It rests on far more data about MSB Technical Projects than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 11,279 companies, not a prediction for MSB Technical Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.66, above the usual 1.5. Short-term debt is 60.3% of total assets. However, 60.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Young company
Founded in 2025, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
29 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1018665393
Company renamed from SAGESSE PRO to MSB Technical Projects
Registered office moved from Schaerbeek to Brussels · New registered office: avenue Gounod 56 boîte 0002 1070 Bruxelles (Anderlecht) · Previous registered office: Place Masui 5 1030 Schaerbeek · General meeting of 05-08-2025 · Gazette deed
Incorporation
Founding capital of €2,000 · Founder: AKAR Malika (fondatrice unique) · Appointment: AKAR Malika (sole director) · published on 15-01-2025 · Gazette deed
First establishment
SAGESSE PRO, Masuiplein 5, Schaerbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MSB Technical Projects Anderlecht | €25,881 | €13,734 | 39.7% | - |
| Geisha Management Uccle | €24,571 | €15,722 | 8.1% | - |
| ADB Corporation Woluwe-Saint-Pierre | €23,948 | €14,498 | 66.5% | - |
| MELAR Consulting Sint-Gillis (bij-Brussel) | €20,931 | €13,847 | 47.6% | - |
| LI POTCHI Forest | €24,632 | €14,351 | 56.9% | - |
| BRIGHT-RISE Watermael-Boitsfort | €29,020 | €15,247 | 64.0% | - |
| IMES Sint-Gillis (bij-Brussel) | €32,114 | €12,131 | 47.7% | - |
These companies have the same main activity as MSB Technical Projects: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €20,900 and €32,100, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 13-01-2025Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.372.685.6231030 Schaerbeek, since 13-01-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 09-02-2026
Insights on MSB Technical Projects
MSB Technical Projects has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,265 and a net result of €10,265.
Its solvency ranks better than 37% of 39,368 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 29-08-2026, 29 days late€13,734
€13,734
€10,265
€10,265
39.7%
1.66
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €64,000. Estimated: probably between €30,000 and €130,000.
Balance sheet
balance sheet total €25,881 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
39.7%
Higher than 37% of 39,368 companies in 2025.
1.66
Higher than 42% of 38,051 companies in 2025.
39.7%
Higher than 80% of 38,523 companies in 2025.
MSB Technical Projects
Middle half of the sector
80% of the sector
Micro accounts in head offices and management consultancy (NACE 70)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
25,881 | |
29/58 |
25,881 | |
40/41 |
9,451 | |
40 |
8,349 | |
41 |
1,102 | |
50/53 |
16,430 | |
| Balance sheet: equity and liabilities | ||
10/49 |
25,881 | |
10/15 |
10,265 | |
14 |
10,265 | |
17/49 |
15,616 | |
42/48 |
15,616 | |
44 |
7,272 | |
440/4 |
7,272 | |
45 |
8,344 | |
450/3 |
8,344 | |
| Income statement | ||
9900 |
13,734 | |
9901 |
13,734 | |
65/66B |
48 | |
65 |
48 | |
9903 |
13,686 | |
67/77 |
3,422 | |
9904 |
10,265 | |
9905 |
10,265 | |
| Appropriation of the result | ||
9906 |
10,265 | |
| Document | ||
Source: Annual accounts 2025 at the NBB, filed on 29-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 29 days after the deadline. Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00451100.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-08-2026 | 2026-00451100 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 10,265 | ||
| 39.7% | ||
| 1.66 | ||
| 1.52 | ||
| 100.0% | ||
| 39.7% |
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.
Insights on MSB Technical Projects
Debt's share of the balance-sheet total is 60.3%.
Board & ownership
Board
1 director, no change since August 2025Mandates through the years
2 names, the dashed line is todayBELIL Mohamed Saâd
Director
Director
AKAR Malika
Sole director
Sole director
BoardEarlier
Mandates as a list
- BELIL Mohamed Saâd
- Director, appointed by deed of 13-08-2025, still in office
- AKAR Malika
- Sole director, appointed by deed of 15-01-2025, until 13-08-2025
Control
Capital
- Contribution
- €2,000
- Source
- deed of 15-01-2025
Articles of association
deed of 15-01-2025 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of April at 09:00
Founder
At incorporation
deed of 15-01-2025 ↗
- AKAR Malika sole founder · 100% at incorporation
Network & group
No group
MSB Technical Projects has no parent and no holdings in its annual accounts. BELIL Mohamed Saâd is the only director. MSB Technical Projects shares no director with another company.
At the same address
Gounodlaan 56, 1070 Anderlecht · 1 other company| ETABLISSEMENTS MG
registered office since 01-07-2020 · negative equity (2025) |
founded in 2020 0748.815.254 |
Timeline
Timeline
5 events since 2025Board
Filings
Establishments
Address
20252026
2026
Annual accounts 2025 filed NBBmicro format · 29 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:1018665393
2025
Company renamed from SAGESSE PRO to MSB Technical ProjectsRegistered office moved from Schaerbeek to Brussels · New registered office: avenue Gounod 56 boîte 0002 1070 Bruxelles (Anderlecht) · Previous registered office: Place Masui 5 1030 Schaerbeek · General meeting of 05-08-20256 points ▸
- General meeting, 05-08-2025
- Name change, MSB Technical Projects
- Registered-office move, avenue Gounod 56 boîte 0002 1070 Bruxelles (Anderlecht)
- Director resignation, AKAR Malika
- Director appointment, BELIL Mohamed Saâd
- Power of attorney, Hendrikus (Hendrik) Schavemaker
- The deed holds 2 more points.
IncorporationFounding capital of €2,000 · Founder: AKAR Malika (fondatrice unique) · Appointment: AKAR Malika (sole director) · published on 15-01-20253 points ▸
- Founder, AKAR Malika (fondatrice unique)
- Founding capital, €2,000
- Director appointment, AKAR Malika (sole director)
First establishment SAGESSE PRO, Masuiplein 5, Schaerbeek
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 13 January 2025, MSB Technical Projects was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 In 2025 the company took the name MSB Technical Projects.3 The registered office was moved to Brussels in 2025.3 BELIL Mohamed Saâd is director of the company, appointed by deed of 13-08-2025.3
Company details
Identity
- Enterprise number
- 1018.665.393
- VAT number
- BE 1018.665.393
- Peppol ID
- 0208:1018665393
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 13-01-2025
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of April at 09:00deed of 15-01-2025 (in French)
- Peppol
- Reachable since 09-02-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MSB Technical Projects in French
- Former name
- SAGESSE PRO until 05-08-2025 · deed of 13-08-2025
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 15-01-2025 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Place Masui 5, 1030 Schaerbeek”deed of 15-01-2025 (in French)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes activités de conseil pour les affaires et autres conseils de gestion; Toute forme de soutien aux entreprises; La coordination et la…”deed of 13-08-2025 (in French)
21 activities
- Toutes activités de conseil pour les affaires et autres conseils de gestion
- Toute forme de soutien aux entreprises
- La coordination et la gestion de projets,sites et chantiers,notamment en électromécanique,électronique,électricité,fibre,etc.
- Toutes formes de marketing et de publicité,ainsi que l’exploitation de bureaux de publicité et de droits intellectuels et d’auteur de toute nature
- Le transport routier de marchandises,y compris tous les services auxiliaires au transport terrestre,les autres activités de soutien au transport,stockage et transbordement
- Toutes activités de poste et de courrier autres que celles qui concernent une obligation de service universel,y compris la levée,le tri,l’acheminement,l’emballage et la distribution de lettres et de colis
- Tous services de déménagement et d’entreposage de meubles
- Le transport rémunéré de personnes,y compris l’exploitation de taxis
- Le commerce de gros et de détail d'automobiles et de motocycles,tant neufs que d’occasion
- Le commerce de gros et de détail de pièces détachées et d'accessoires pour véhicules automobiles et motocycles
- La location et le leasing de véhicules automobiles et de motocycles
- L’entretien et la réparation d’automobiles et de motocycles,y compris l’exploitation de garages automobiles,d’installations car-wash,etc.
- Le commerce de gros,de commission et de détail,l'importation et l'exportation de tous les biens et produits négociables,y compris la vente au détail d'aliments,de boissons et de produits de tabac dans des magasins spécialisés ou non
- Le commerce de détail sur éventaires et marchés
- Les activités d’intermédiaires et de commissionnaires du commerce,ainsi que toute forme de sous-traitance
- Toutes les activités administratives et de soutien pour les bureaux et autres activités commerciales
- Tous services administratifs de bureau et autres activités de soutien aux entreprises
- Toutes les activités d'une société de gestion,y compris l'exercice de mandats d'administrateur et de liquidateur dans d'autres entités juridiques
- Toutes les activités des sociétés holding,y compris l'acquisition et la participation dans d'autres sociétés par le biais d'investissements et de la gestion d'un portefeuille de valeurs financières
- Toutes les activités d'une société de patrimoine immobilier,y compris le commerce de biens immobiliers propres et la location et l'exploitation de biens immobiliers propres ou loués
- La formation sous n’importe quelle forme dans tous les domaines susmentionnés
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Gounodlaan 56 registered office 1070 Anderlecht | ||
| SAGESSE PRO Masuiplein 5, 1030 Schaerbeek 47120 Other non-specialised retail sale | 13-01-2025 | 2.372.685.623 |
1 former office
- Place Masui 5, 1030 Schaerbeek until the deed of 13-08-2025
Buildings and parcels at the addresses
- Ground area
- 584 m²
- Buildings
- 501 m²
- Volume, LiDAR
- 3,694 m³
- Tallest building
- 19.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21910E0070/00E007 | 423 m² | 1 · 423 m² | 16.8 m · 1 |
| 21308H0475/00K005 | 161 m² | 1 · 78 m² | 19.2 m · 5 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1018.665.393