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MSBD

In bankruptcy Private limited companyfounded 2017Rue de la Motte, B.-en-F. 45, 5660 CouvinKBO/BCE: BE 0675.586.984

Overview

Information for creditors

Enterprise Court of Liège, Namur division · Official Gazette of 25-03-2026
Appeal or third-party opposition 09-04-2026Filing the claim in RegSol 18-04-2026First verification report 28-04-2026Late claim until 19-03-2027
Steps, deadlines and articles of law

The procedure

Supervising judge
Dominique Niset
Official Gazette
25-03-2026search the document for 2026/113111

Deadlines

Appeal or third-party opposition
passed on 9 April 2026art. XX.108, Code of Economic Law
Filing the claim in RegSol
passed on 18 April 2026art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 28 April 2026art. XX.104 and XX.194, Code of Economic Law
Late claim until
19 March 2027A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law

Trustee

Steps for a creditor

  1. Stop delivering on credit unless the trustee agrees.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. The ordinary term has passed. File a late claim in RegSol (regsol.be) until 19 March 2027, yourself with eID or itsme, or through your lawyer. It shares only in what has not yet been paid out, and you bear the costs.
  4. Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
  5. Follow the file in RegSol. The verification report (admitted or disputed) and the trustee's reports appear there.

These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.

If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.

Follow Follow this bankruptcy and you are notified the next morning if it is closed or reversed.

This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.

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Lifetime

7 annual accounts with figures on one time axis
peak €760,592 (2022)
€503,633▼ 6.7%
lowest -€240,737 (2024)
-€240,737▼ €101,779
peak €191,247 (2022)
-€188,448▼ €240,737
€948,369▲ 9.1%
peak 10.8 FTE (2023)
10.8 FTEunchanged
Board2 names since 2017
2 directorsBLASI Luca and 1 other
Documentsfilings and deeds
24-06-202537 days before the deadline
2024financial year
Loss of €240,737Equity from €52,289 to -€188,448Cash from €89,947 to €57,643

Key points

from the 2024 annual accounts, the last ones filed

Equity

-€188,448 from €191,247 in 2022

Equity fell below zero in 2024.

Result

-€240,737 ▼ 73.2%
-€139,0002023-€241,0002024

The result fell in 2024 from -€138,958 to -€240,737.

Debts

€948,369 125% of the balance sheet
Financial debts 63%Suppliers 2%Taxes and wages 16%Other 19%

Of this, €352,245 falls due within a year.

Investments

€15,177 0.1 × depreciation
2021202220232024

Green is investment, beige is depreciation.

Staff

11 employees on 31-12-2024
2220211352022652023332024

In 2024, 3 people joined and 3 left.

No score

Board and ownership

BL
Director, since 12-05-2017
KV
Director, since 12-05-2017
  • Luca Blasi 0%annual accounts 2023
  • Véronique Koninckx 0%annual accounts 2023
Board & ownership

Recent changes

Bankruptcy published Enterprise Court of Liège, Namur division · judgment of 19-03-2026 · Bankruptcy
New establishment in Couvin C' LA - Customs & Logistics Agency, Rue de la Gare 20
Company renamed from MINING SUPPORT BUSINESS DEVELOPMENT to MSBD Capital contribution of €50,000 · Contributions: BLASI Luca (€25,000); KONINCKX Véronique (€25,000) · Changes of role: BLASI Luca (statutory director) and KONINCKX Véronique (statutory director) · General meeting of 23-12-2021 · Gazette deed
New establishment in Manage C' LA - Customs & Logistics Agency, Rue Jean Perrin 5
All 18 events

Official details

Source: KBO
Status
In bankruptcydeclared bankrupt on 19-03-2026
Activity
Other professional, scientific and technical activitiesNACE 74999and 5 others
Establishment units
2.265.046.7035660 Couvin, since 10-05-2017
2.299.549.9976000 Charleroi, since 26-02-2020and 2 others
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2024

€503,633▼ 6.7%
≈ €1.2mestimated
€240,737▲ 73.2%
-€188,448
€759,920▼ 24.3%
Employeeson 31-12-2024
11=
Filing
Filed on 24-06-2025
Financials

Insights on MSBD

Equity fell from €191,247 in 2022 to -€188,448 in 2024.

On 19 March 2026 the court declared MSBD bankrupt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2024

full format, filed on 24-06-2025, 37 days before the deadline
€503,633
▼ 6.7%
-€218,571
▼ €100,473
-€240,737
▼ €101,779
€47,435
▼ 65.7%
-24.8%
▼ 30.0 percentage points
1.13
▼ 0.26

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.2m. Estimated: probably between €710,000 and €2.0m.

Balance sheet

balance sheet total €759,920 on 31-12-2024
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

-24.8%

Higher than 10% of 288 companies in 2024.

1.13

Higher than 38% of 278 companies in 2024.

-31.7%

Higher than 6% of 280 companies in 2024.

MSBD Middle half of the sector 80% of the sector Full accounts in other professional activities (NACE 74)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

€52,134

Staff costs divided by the average number of full-time equivalents.

level

people who joined people who left

In 2024, 3 people joined and 3 left. Training hours in 2024: 127.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2024202320222021202020192018
Balance sheet: assets
20/58 759,9201.0m1.3m179,183144,76859,59041,042
20 5037591,0141,343366660953
21/28 359,737513,876667,72337,29823,708212688
21 320,000480,000640,4492,2163,982--
22/27 29,88424,02321,79129,60015,783119595
23 3,2273,0871,835----
24 19,82917,75119,95629,60015,783119595
26 6,8293,185-----
28 9,8539,8535,4835,4833,9439393
29/58 399,680489,453590,120140,542120,69358,71939,401
40/41 316,443372,862562,155124,33999,24921,18933,667
40 209,321221,559532,659101,88497,11215,34920,774
41 107,122151,30329,49622,4552,1375,84012,893
54/58 57,64389,94726,65913,73419,76036,1305,245
490/1 25,59426,6451,3052,4691,6851,399489
Balance sheet: equity and liabilities
10/49 759,9201.0m1.3m179,183144,76859,59041,042
10/15 -188,44852,289191,247130,25677,29725,3435,759
10/11 59,00059,00059,00059,0003,5993,5993,599
100 -----3,5993,599
13 73,00073,00073,00013,00019,00019,000540
130/1 ----6,000--
130 -----6,000540
1311 ----6,000--
133 73,00073,00073,00013,00013,00013,000-
14 -320,448-79,71159,24758,25654,6982,7441,620
16 -82,823112,680----
160/5 -82,823112,680----
164/5 -82,823112,680----
17/49 948,369868,976954,93048,92767,47134,24735,283
17 595,124516,924613,524----
170/4 595,124516,924613,524----
42/48 352,245351,052336,38848,75267,47134,23435,283
42 160,566153,863110,3342,9543,036-5,024
44 17,82026,251106,37212,9517,7505,7313,531
440/4 17,82026,251106,37212,9517,7505,7313,531
45 154,90879,62040,39623,45517,6153,2328,711
450/3 43,80222,0156,70117,55114,8913,2321,311
454/9 111,10657,60633,6965,9042,724-7,400
47/48 18,95091,31879,2859,39239,06925,27218,017
492/3 1,0001,0005,018175-13-
Income statement
76A --383----
9900 503,633539,704760,59294,06899,11227,9005,896
62 563,046512,396360,43677,16029,157--
630 169,571171,333174,10211,1714,6277691,346
635/8 -82,823-29,857112,680----
640/8 74,2862,7181,236----
66A -1,8761,213-----
9901 -218,571-118,098112,1375,73765,32827,1314,549
75/76B ----2--
75 ----2--
65/66B 21,62520,48325,913936583493282
65 21,62520,48325,913936583493282
9903 -240,196-138,58186,2234,80164,74626,6384,267
67/77 54137725,2331,24312,7937,0532,107
9904 -240,737-138,95860,9903,55851,95419,5852,160
9905 -240,737-138,95860,9903,55851,95419,5852,160
Appropriation of the result
9906 -320,448-79,711119,24758,25654,69821,2042,160
14P -79,71159,24758,25654,698---
691/2 --60,000--18,460540
6920 -----5,460540
6921 --60,000--13,000-
Social balance sheet
9087 10.810.87.21.90.6--
Hours worked1013 15,22216,20410,6793,4481,040--
Document PDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 18 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 2024 (PDF), filed on 24-06-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2024 full format 24-06-2025 2025-00168493 PDF
31-12-2023 full format 08-07-2024 2024-00224340 PDF
31-12-2022 full format 03-07-2023 2023-00196601 PDF
31-12-2021 micro format 15-06-2022 2022-20066882 PDF
31-12-2020 micro format 23-07-2021 2021-40300033 PDF
31-12-2019 micro format 28-07-2020 2020-35400556 PDF
31-12-2018 micro format 31-07-2019 2019-43400107 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2024202320222021202020192018
-49,00053,235286,23916,90869,95527,9005,896
-71,16632,376235,09314,72956,58120,3543,506
15,17717,231804,19824,46127,8302931,522
-32,30363,28712,925-6,026-16,37030,885-
47,435138,402253,73291,79053,22324,4854,118
-24.8%5.2%15.2%72.7%53.4%42.5%14.0%
1.131.391.752.881.791.721.12
-16.624.990.380.871.356.13
--265.8%31.9%2.7%67.2%77.3%37.5%
-31.7%-13.8%4.8%2.0%35.9%32.9%5.3%
-2.272.6011.0518.06---

EBIT margin: not included in this filing.

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

Item31-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date1111102
full-time1010102
part-time11--
in full-time equivalents10.810.8102
10.810.67.21.9
On a permanent contract111082
Joined36132
Left3552
Training hours127108--

Source: social balance sheet in the 2021 to 2024 annual accounts

Securities and guarantees

on own assets and for others
Item2024202320222021
Debts guaranteed by Belgian public bodies€265,983€321,948€377,192-
€475,000€475,000€475,000-

Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item2024202320222021
Tangible fixed assets€15,177€12,861€4,198€22,921
Intangible fixed assets--€800,000-
Financial fixed assets-€4,370-€1,540
€169,571€171,333€174,102€11,171

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Insights on MSBD

The operating result for 2024 is a loss of €218,571, larger than the loss of €118,098 in 2023. It is the lowest result since 2018.

Equity is negative. Debt (€948,369) exceeds the balance-sheet total (€759,920).

Large changes and their cause
  • 2022 Staff (FTE) +279% on 2021. The accounts now follow the full format, last year the micro format.

Board & ownership

Curator

the curator has managed the company since 19-03-2026
Curator, Rue ThéMis 10, 5000 Namur
Also on 42 other cases

Last board

2 directors, last change in 2022
Statutory director
since 12-05-2017
earlier statutory manager, until 01-02-2022
listed in the 2024 annual accounts, filed on 24-06-2025
Statutory director
since 12-05-2017
earlier statutory manager, until 01-02-2022
listed in the 2024 annual accounts, filed on 24-06-2025

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
BLASI Luca
Statutory director
KONINCKX Véronique
Statutory director
BoardEarliermandate already running before its first mentionBankruptcy 19-03-2026
Mandates as a list
  • BLASI Luca
    • Statutory director, from 12-05-2017, until the bankruptcy of 19-03-2026
    • Statutory manager, until 01-02-2022
  • KONINCKX Véronique
    • Statutory director, from 12-05-2017, until the bankruptcy of 19-03-2026
    • Statutory manager, until 01-02-2022

See the board, name and registered office on a given date →

Control

Shareholder
Luca Blasi
0%
This company
MSBD
Equity -€188,448
Loss €240,737 in 2024

and 1 other shareholder

Capital

Contribution
€59,000
Source
2024 annual accounts

Articles of association

deed of 01-02-2022 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Prix mentionné dans notification initiale ou expert choisi de commun accord ou président du tribunal de l'entreprise statuant comme en…”

Shareholders

2 owners

Owners 2

Capital transactions

Shareholders according to the deeds
Capital over time
  1. 01-02-2022 Converted to unavailable equity · €9,000

Network & group

No group

MSBD has no parent and no holdings in its annual accounts.

Connections & network

2 last directors
Depth

The network starts from the directors of MSBD. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

18 events since 2017
2026
Bankruptcy published Enterprise Court of Liège, Namur division · judgment of 19-03-2026
2025
Annual accounts 2024 filed PDFfull format · 37 days before the deadline
2024
Weakest financial year net -€240,737 The net result drops to -€240,737, the lowest from 2018 to 2024.
Annual accounts 2023 filed PDFfull format · 23 days before the deadline
2023
Annual accounts 2022 filed PDFfull format · 28 days before the deadline
New establishment in Couvin C' LA - Customs & Logistics Agency, Rue de la Gare 20
2022
Highest result from 2018 to 2024 net €60,990 ▲1,614% The operating result of €112,137 and the net result of €60,990 are both a record.
Equity above €150,000 equity €191,247 ▲46.8% With a profit in every financial year since 2018, equity grows to €191,247.
Annual accounts 2021 filed PDFmicro format · 46 days before the deadline
Company renamed from MINING SUPPORT BUSINESS DEVELOPMENT to MSBDCapital contribution of €50,000 · Contributions: BLASI Luca (€25,000); KONINCKX Véronique (€25,000) · Changes of role: BLASI Luca (statutory director) and KONINCKX Véronique (statutory director) · General meeting of 23-12-202111 points ▸
  • General meeting, 23-12-2021
  • Name change, MSBD
  • Capital contribution, €25,000, mentioned twice in the deed
  • 30 shares, mentioned twice in the deed
  • Director resignation, BLASI Luca (statutory manager)
  • Director resignation, KONINCKX Véronique (statutory manager)
  • Director appointment, BLASI Luca (statutory director)
  • Director appointment, KONINCKX Véronique (statutory director)
  • Board composition, BLASI Luca (statutory director)
  • Board composition, KONINCKX Véronique (statutory director)
  • Registered office clause, rue de la Motte 45, 5660 Couvin section Boussu-en-Fagne
  • The deed holds 10 more points.

Open the deed in the Belgian Official Gazette

New establishment in Manage C' LA - Customs & Logistics Agency, Rue Jean Perrin 5
2021
Equity above €100,000 equity €130,256 ▲68.5% With a profit in every financial year since 2018, equity grows to €130,256.
Annual accounts 2020 filed PDFmicro format · 8 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 3 days before the deadline
New establishment in Charleroi C'LA - Customs & Logistics Agency, Avenue Général Michel 1
2019
Annual accounts 2018 filed PDFmicro format · on the deadline day
2017
Incorporation PDF2 publications in the Belgian Official Gazette, the last on 01-02-2022 · published on 12-05-2017
First establishment Rue de la Motte, B.-en-F. 45, Couvin

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

On 10 May 2017, MSBD was incorporated.1 In 2022 the company took the name MSBD.2 Total assets went from €41,042 in 2018 to €759,920 in 2024 and headcount from 0.6 full-time equivalents in 2020 to 10.8 in 2024.3 The company was declared bankrupt on 19 March 2026.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 01-02-2022
  3. 3National Bank, annual accounts 2018, 2020 and 2024
  4. 4Belgian Official Gazette, 25-03-2026

Company details

Identity

Enterprise number
0675.586.984
VAT number
BE 0675.586.984
Legal form
Private limited company
Status
In bankruptcy, since 19-03-2026
Founded
10-05-2017
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
MSBD in French
Former name
MINING SUPPORT BUSINESS DEVELOPMENT until the deed of 01-02-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 01-02-2022 (in French)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
74909 Other professional, scientific and technical activities main activity
33190 Repair, maintenance and installation of machinery and equipment
45113
45202
45204
45205
PurposeThe purpose describes the activities the company may carry out under its articles.
“Toute opération d'entreposage et stockage, y compris frigorifique, joint ou non directement ou indirectement à toutes opérations liées aux…”
21 activities
  1. Toute opération d'entreposage et stockage, y compris frigorifique, joint ou non directement ou indirectement à toutes opérations liées aux activités des commissionnaires en douane, transport et logistique;
  2. Toute opération de rédaction, traduction, publication, édition et ou commercialisation de toute étude, livre, article, recommandation, notice et publication, sur tout support et par quelque voie que ce soit, au sens le plus large;
  3. Toutes opérations de conseil, service, assistance au développement de programmes informatiques;
  4. Toutes opérations généralement quelconques visant à la mise à disposition, la location, l'aménagement d'espaces de travail modulaires ou privatifs, la location de salles pour évènements, en ce compris toutes activités dans le cadre de la domiciliation d'entreprises;
  5. Toute opération d'examen, étude, analyse de contrats et de leur rentabilité;
  6. Toute activité de conseil, assistance, service, étude, audits, mission d'expertise en toute matière se rapportant directement ou indirectement, et notamment en matière de douane (y compris les activités de commissionnaire en douane), Supply Chain, transport, intermodalité, exportation, importation, financière, stratégique, économique, administrative, juridique et fiscale de toute société, entreprise, association, ou groupement de personnes ayant ou non la personnalité morale, de nationalité belge ou étrangère;
  7. Toute prestation de conseil, de gestion et d'organisation d'entreprises, notamment mais non exclusivement: gestion journalière de sociétés, analyse de marché, étude économique, juridique et fiscale, analyse financière, mise en place de structure financière, opération de restructuration, fusion et acquisition, politique d'investissement, l'organisation administrative et informatique;
  8. Toute activité de consultance, étude, recherche, prospection, gestion, coordination, mise en œuvre et suivi de tout service et prestation généralement quelconque relevant de la stratégie commerciale et du marketing;
  9. Toute activité relative à des travaux de gestion d'entreprise;
  10. Toute activité visant à favoriser le rapprochement, la fusion, l'acquisition, la scission ou la vente de toute société ou entreprise tant en Belgique qu'à l'étranger;
  11. Toute opération de prise de participation directe ou indirecte dans toute société ou entreprise commerciale, industrielle, financière, mobilière et immobilière; le contrôle de leur gestion ou la participation à celles-ci;
  12. Toute opération de constitution, accroissement, valorisation et gestion de patrimoines immobiliers, tant en immeubles qu'en droits Immobiliers, notamment l'achat, la vente, la construction, le lotissement, l'échange, la location meublée ou non, la cession, la transformation, l'aménagement et la décoration d'intérieur, la mise en valeur, l'amélioration, et la destruction de biens immobiliers, et, en général, toute opération qui se rapporte directement ou indirectement à la gestion ou à la mise en valeur de biens immobiliers ou de droits réels en matière immobilière;
  13. Toute opération de constitution, accroissement, valorisation et gestion de patrimoines mobiliers dans le sens le plus large, et, en général, toute opération en rapport avec les biens et droits mobiliers, de quelque nature qu'ils soient, tels que l'achat, la vente, la location;
  14. Toute opération d'achat, vente, cession et échange de toute valeur mobilière, action, part sociale, obligation, bon de caisse, fond d'état, option et de tout droit mobilier;
  15. Toute opération de contrôle, d'analyse et d'évaluation, de support technique maintenance et de données dans tout domaine et activité sur requête de sociétés, associations et personnes physiques et ce tant pour des données techniques, que scientifiques, financières, stratégiques ou légales;
  16. Toute activité de conseil, service, étude, audits, missions d'expertise, d'assistance, développement et recommandations administratives ou autres, dans le secteur de la construction, des mines et aux autres industries extractives;
  17. Toute opération d'acquisition, vente, courtage, commission, prise, gestion et exploitation de tout droit intellectuel, brevet, patente et/ou licence, ainsi que tout conseil en la matière;
  18. Toute opération d'organisation de training, séminaire, formation, atelier, réunion, événement, conférence, soirée, réception, symposium et congrès, au sens le plus large, sous quelque forme et support que ce soit, ainsi que la consultance en la matière. Cette liste étant énumérative, non exhaustive et non limitative;
  19. Toute opération de conseil, service et assistance dans les domaines de réflexion et des rapports stratégiques, au sens le plus large;
  20. Toute opération de création, développement de programmes de services après-vente;
  21. Elle a également pour objet de faire pour son compte ou pour compte de tiers, toutes opérations d'achat, de vente, de promotion, de location, d'exploitation, de gestion, de mise en valeur, de lotissement de tous immeubles généralement quelconques ou de biens meubles, la gestion, l'administration de tous biens immobiliers ou mobiliers, l'acquisition de toutes valeurs financières et boursières, la prise de participation dans toutes sociétés belges ou étrangères et toutes opérations financières.
deed of 01-02-2022 (in French)

Registered office and establishments

4 establishments
Establishment Since Unit number
Rue de la Motte, B.-en-F. 45 registered office 5660 Couvin 10-05-2017 2.265.046.703
C'LA - Customs & Logistics Agency Avenue Général Michel 1, 6000 Charleroi 52100 Warehousing and storage 26-02-2020 2.299.549.997
C' LA - Customs & Logistics Agency Rue Jean Perrin 5, 7170 Manage 52100 Warehousing and storage 01-01-2022 2.326.086.130
C' LA - Customs & Logistics Agency Rue de la Gare 20, 5660 Couvin 52100 Warehousing and storage 01-04-2023 2.342.540.496

Buildings and parcels at the addresses

Ground area
3,137 m²
Buildings
1,908 m²
Volume, LiDAR
28,414 m³
Tallest building
20.5 m
Buildings to scale, each on its own parcel
1,807 m², 20.5 m 101 m², 8.3 m 1,807 m², 20.5 m 101 m², 8.3 m

Location

registered office establishment approximate All 4 establishment units on the map

Parcels

Cadastral parcelArea Buildings Height / floors
52011B0239/00F1772,193 m² 1 · 1,807 m² 20.5 m · 5
93006D0498/00Y000944 m² 1 · 101 m² 8.3 m · 2

Contact

E-mail infos@msbd.be
Website www.MSBD.be establishment in Couvin