Equity
-€110,657
Debts exceed assets in financial year 2026.
MSBG
Lifetime
12 annual accounts with figures on one time axispeak €306,050 (2025)
€279,103▼ 8.8%
lowest -€53,837 (2026)
-€53,837▼ €56,865
peak €40,679 (2014)
-€110,657▼ €53,837
€181,799▼ 7.0%
peak 8 FTE (2019)
-not published
Board4 names since 2013
1 director
Documentsfilings and deeds
29-10-20262 days before the deadline
2026micro format
Loss of €53,837Resignation: (director) 06-11Equity from -€56,820 to -€110,657Cash from €3,646 to €20,844
Key points
from the 2026 annual accountsTurnover
≈ €670,000 estimated
The micro format states no turnover.
Debts
€181,799 256% of the balance sheet
Financial debts 10%Suppliers 42%Taxes and wages 36%Other 12%
Of this, €164,071 falls due within a year.
Filings
12 annual accounts since 2014
Five of the last ten came late. The 2017 accounts came latest: 56 days after the end of the period.
Board
1 joined · 1 left
Board changed. Latest change 01-10-2026 · 1 in office.
Position in the sector
-€53,837
Lower net result than 95% of companies in food and beverage service. Sector median €6,035 · 459 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,920 companies had the same profile as MSBG has now. Each dot stands for 18 companies, two years later.
85.3%
were still trading
8.3%
stopped another way
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,920 companies, not a prediction for MSBG. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director
- 150 sharesdeed of 02-02-2023
- 150 sharesdeed of 02-02-2023
Recent changes
Resignation: (director)
Appointment: (director) · General meeting of 01-10-2026 · Gazette deed
Left the Peppol Directory
Resignation: (director)
General meeting of 28-02-2025 · Gazette deed
Changes of role: (director) and (director)
General meeting of 22-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MSBG Namur | €71,142 | €279,103 | -155.5% | - |
| REMEMBER PIT Rixensart | €76,944 | €290,461 | -36.4% | - |
| JINANE Brussels | €69,215 | €228,079 | -127.2% | - |
| TOI TOI Antwerp | €81,986 | €301,855 | -26.8% | - |
| Tenshi Uccle Uccle | €55,298 | €279,918 | -176.7% | 6.8 |
| GHISLAIN 1994 Mouscron | €86,877 | €327,716 | -140.5% | - |
| DIVINO GUSTO Nivelles | €71,625 | €347,412 | -93.2% | - |
These companies have the same main activity as MSBG: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €55,300 and €86,900, founded between 2011 and 2015.
Official details
Source: KBO- Status
- Active since 07-06-2013Normal situation
- Activity
- Full-service restaurantsNACE 56111and 2 others
- Joint committee
- 302Hotels and catering · annual accounts 31-03-2024
- Establishment unit
- 2.220.457.5835000 Namur, since 01-09-2013
- Financial year end
- 31 March
- Peppol
- Left the register on 06-11-2026
Annual accounts to 31-03-2026
- €71,142▼ 48.7%
- Filing
- Filed on 29-10-2026, 2 days before the end of the filing period
Insights on MSBG
MSBG files the micro format. That format states no turnover. The gross margin rose from €82,372 in 2014 to €279,103 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MSBG
- What is the company number of MSBG?
- The company number of MSBG is 0535.539.968. The VAT number is the same number with BE in front: BE 0535.539.968.
- Where is MSBG based?
- The registered office is at Rue des Brasseurs 107, 5000 Namur.Company details
- What does MSBG do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of MSBG?
- MSBG is a private limited company (BV).
- When was MSBG founded?
- MSBG was founded on 07-06-2013.
- Is MSBG still active?
- Yes, MSBG is an active enterprise in the KBO register.
- How many employees does MSBG have?
- MSBG had an average of 7.5 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does MSBG fall under?
- In its 31-03-2024 annual accounts, MSBG states joint committee 302 (Hotels and catering).
- What is the turnover of MSBG?
- The turnover in financial year 2026 is ≈ €670,000. This figure is estimated from the gross margin of €279,103 and 51 comparable companies (NACE 56111). It probably lies between €570,000 and €790,000.
- Is MSBG profitable?
- In financial year 2026, MSBG made a loss of €53,837.
- Where can I find the annual accounts of MSBG?
- MSBG filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of MSBG due?
- MSBG must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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