MSCDH
InactiveFinancials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 22-09-2026 at the NBB all 4 filings
Equity
-€58,379▼ 21.6%
2025 · -€48,018
Total assets
€151▼ 95.3%
2025 · €3,190
Net result
-€10,361▲ 73.9%
2025 · -€39,771
Working capital
-€58,379▼ 21.6%
2025 · -€48,018
Multi-year overview
2023 to 2026, 4 financial yearsOperating result
-€9,816
▲ 73.6%
2026
20232026
Net result
-€10,361
▲ 73.9%
2026
20232026
Equity
-€58,379
▼ 21.6%
2026
20232026
Total assets
€151
▼ 95.3%
2026
20232026
Debt
€58,530
▲ 14.3%
2026
20232026
Working capital
-€58,379
▼ 21.6%
2026
20232026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2023202420252026
Operating result-€10,485-€3,440-€37,217-€9,816▲ 73.6%
Net result-€10,835-€2,586-€39,771-€10,361▲ 73.9%
Equity-€10,833--€8,247▲ 23.9%-€48,018▼ 482%-€58,379▼ 21.6%
Total assets€25,592-€14,286▼ 44.2%€3,190▼ 77.7%€151▼ 95.3%
Debt€36,425-€22,533▼ 38.1%€51,208▲ 127%€58,530▲ 14.3%
Working capital€23,328--€8,447-€48,018▼ 468%-€58,379▼ 21.6%
The operating result for 2026 is a loss of €9,816, smaller than the loss of €37,217 in 2025.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€58,530▲
2025 · €51,208
The ratios are withheld because a balance sheet total of €151 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 | 10-07-2026 |
|---|---|---|---|---|
| Financial fixed assets | €200 | - | - | - |
| Depreciation and write-downs of the year | €752 | - | - | - |
Source: notes to the 2023 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €752 | - | - | - | - |
| Other operating charges640/8 | €728 | - | €3,394 | - | - |
| Gross operating margin9900 | -€9,005 | €3,440 | -€33,823 | -€9,816 | ▲ 71.0% |
| Operating profit (loss)9901 | -€10,485 | €3,440 | -€37,217 | -€9,816 | ▲ 73.6% |
| Financial income75/76B | €48 | - | - | - | - |
| Recurring financial income75 | €48 | - | - | - | - |
| Financial charges65/66B | €397 | €854 | €2,554 | €545 | ▼ 78.6% |
| Recurring financial charges65 | €397 | €854 | €2,554 | €545 | ▼ 78.6% |
| Profit (loss) for the period before taxes9903 | -€10,835 | €2,586 | -€39,771 | -€10,361 | ▲ 73.9% |
| Profit (loss) for the period9904 | -€10,835 | €2,586 | -€39,771 | -€10,361 | ▲ 73.9% |
| Profit (loss) for the period to be appropriated9905 | -€10,835 | €2,586 | -€39,771 | -€10,361 | ▲ 73.9% |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €25,592 | €14,286 | €3,190 | €151 | ▼ 95.3% |
| Fixed assets21/28 | €200 | €200 | - | - | - |
| Financial fixed assets28 | €200 | €200 | - | - | - |
| Current assets29/58 | €25,392 | €14,086 | €3,190 | €151 | ▼ 95.3% |
| Amounts receivable within one year40/41 | €16,284 | €13,516 | €3,189 | - | - |
| Trade receivables40 | €14,735 | €5,246 | €2,859 | - | - |
| Other amounts receivable41 | €1,549 | €8,270 | €330 | - | - |
| Cash at bank and in hand54/58 | €9,108 | €470 | €1 | €151 | ▲ 151× |
| Deferred charges and accrued income490/1 | - | €100 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €25,592 | €14,286 | €3,190 | €151 | ▼ 95.3% |
| Equity10/15 | -€10,833 | -€8,247 | -€48,018 | -€58,379 | ▼ 21.6% |
| Contributions10/11 | €2 | €2 | €2 | €2 | = |
| Contributions outside capital11 | - | - | - | €2 | - |
| Share premium1100/10 | - | - | - | €2 | - |
| Profit (loss) carried forward14 | -€10,835 | -€8,249 | -€48,020 | -€58,381 | ▼ 21.6% |
| Amounts payable17/49 | €36,425 | €22,533 | €51,208 | €58,530 | ▲ 14.3% |
| Amounts payable within one year42/48 | €2,064 | €22,533 | €51,208 | €58,530 | ▲ 14.3% |
| Financial debts43 | - | €473 | €4,187 | - | - |
| Credit institutions430/8 | - | €473 | €4,187 | - | - |
| Trade debts44 | €2,064 | - | €1,991 | - | - |
| Suppliers440/4 | €2,064 | - | €1,991 | - | - |
| Other amounts payable47/48 | - | €22,060 | €45,030 | €58,530 | ▲ 30.0% |
| Accrued charges and deferred income492/3 | €34,361 | - | - | - | - |
| Line | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,835 | €2,586 | -€39,771 | -€10,361 | ▲ 73.9% |
| + Depreciation and write-downs630 | €752 | - | - | - | - |
| Operating cash flow (approximation) | -€10,083 | €2,586 | -€39,771 | -€10,361 | ▲ 73.9% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - |
| Change in cash | - | -€8,638 | -€469 | €150 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.