Losses
-€27,682 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
MSC-PROJECTS
Lifetime
18 annual accounts with figures on one time axispeak €34,325 (2022)
-€22,619▼ €22,450
lowest -€22,481 (2025)
-€22,481▼ €17,280
peak €106,310 (2023)
€78,629▼ 22.2%
€2,339▲ 77.3%
Board1 name since 2022
1 directorSNEPVANGERS Michel Didier John Maria
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Turnover from €40,067 to €1,807Gross margin from -€169 to -€22,619Loss of €22,481Equity from €101,110 to €78,629Debts from €1,319 to €2,339Cash from €21,200 to €5,467
Key points
from the 2025 annual accountsPayment terms
13 days to suppliers
MSC-PROJECTS pays its suppliers 13 days later than in 2024. Customers pay 163 days later.
Position in the sector
-€22,481
Lower net result than 92% of companies in construction of buildings. Sector median €8,554 · 9,452 companies.
Checked score
66
Healthy
Financially stronger than 42% of micro companies in construction of buildings (NACE 41)
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: 1.5% across 13,460 companies (NACE 41, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 1.0%▲ +0.6 percentage points vs 09-2026highest value
11-2026: 1.0%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Loss of €22,481, the second in a row (financial year 2025)
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Founded in 2007
Equity €78,629 (97.1% of total assets)
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 41, micro). It does better than 92% of them on solvency, 63% on liquidity, 5% on profitability and 9% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 4,805 companies had the same profile as MSC-PROJECTS has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MSC-PROJECTS itself: 1.0% within 12 months.
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 4,805 companies, not a prediction for MSC-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.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€22,481
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
34 days early
2023
5 days early
2022
4 days early
2021
18 days early
2020
40 days early
2019
36 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0890446043
Change of role: SNEPVANGERS Michel Didier John Maria, from manager to director
“Uitvoerende artistieke prestaties; Het organiseren en uitvoeren van muzikale evenementen in de ruimste zin…” (deed in Dutch) · Director discharge: SNEPVANGERS Michel Didier John Maria · General meeting of 21-08-2023 · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden · Provincie Antwerpen
Incorporation
published on 10-07-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MSC-PROJECTS Antwerp | €1,807 | - | 97.1% | - |
| VAN WEZEMAEL ALGEMENE AANNEMINGEN Bornem | - | - | -13.7% | - |
| A.AANNEMERS WEGENBOUW.BE Kapellen | - | - | -27.6% | - |
| Krea-bys Haacht | - | - | 65.7% | - |
| BOUWWERKEN VAN DE VLIET Aarschot | €79,502 | -25.3% | 96.1% | - |
| "DAVAN CONSTRUCT" SPRL Mouscron | - | - | 72.1% | - |
| VANNESTE MATTHIEU Mouscron | - | - | 92.7% | - |
These companies have the same main activity as MSC-PROJECTS: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €71,600 and €87,600, founded between 2004 and 2008.
Official details
Source: KBO- Status
- Active since 29-06-2007Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.165.394.4452100 Antwerp, since 27-06-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- €80,968▼ 21.0%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on MSC-PROJECTS
MSC-PROJECTS files the micro format. That format states no turnover. The gross margin fell from €1,129 in 2008 to -€22,619 in 2025.
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 MSC-PROJECTS
- What is the company number of MSC-PROJECTS?
- The company number of MSC-PROJECTS is 0890.446.043. The VAT number is the same number with BE in front: BE 0890.446.043.
- Where is MSC-PROJECTS based?
- The registered office is at Eikblokstraat 105, 2100 Antwerp.Company details
- What does MSC-PROJECTS do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of MSC-PROJECTS?
- MSC-PROJECTS is a private limited company (BV).
- When was MSC-PROJECTS founded?
- MSC-PROJECTS was founded on 29-06-2007.
- Is MSC-PROJECTS still active?
- Yes, MSC-PROJECTS is an active enterprise in the KBO register.
- What is the turnover of MSC-PROJECTS?
- The turnover of MSC-PROJECTS was €1,807 in financial year 2025, according to the filed annual accounts.Financials
- Is MSC-PROJECTS profitable?
- In financial year 2025, MSC-PROJECTS made a loss of €22,481.
- Where can I find the annual accounts of MSC-PROJECTS?
- MSC-PROJECTS filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MSC-PROJECTS due?
- MSC-PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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