MSD Logistics
The computed 12-month bankruptcy probability of MSD Logistics is 3.8% (moderate). The 2024 annual accounts show equity of €78k and a net result of €-36k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 288 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €78k |
| Net result | €-36k |
| Better than sector | 26% |
| Active | 17 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 8.7% | 28.6% | |
| Net result | €-36k | €9k | |
| Equity | €78k | €24k | |
| Gross operating margin | €92k | €41k | |
| Staff costs | €95k | €77k |
| Fiscal year | 2024 |
|---|---|
| Revenue | €3.09M |
| EBITDA | €-7k |
| Net profit | €-36k |
| Cash flow | €-22k |
| Staff costs | €95k |
| Income taxes | €15k |
| Dividends | - |
| Total assets | €900k |
| Equity | €78k |
| Debt | €822k |
| of which ≤ 1y | €748k |
| of which > 1y | €74k |
| Working capital | €43k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 1.06 |
| Quick ratio | 1.06 |
| Working capital ratio | 4.8% |
| Solvency | 8.7% |
| Debt / equity | 10.47 |
| Long-term debt ratio | 0.94 |
| Interest coverage | -12.97 |
| Gross margin | 3.0% |
| Net margin | -1.2% |
| ROA | -4.0% |
| ROE | -46.1% |
| EBITDA margin | -0.2% |
| Days sales outstanding | 15d |
| Days payable outstanding | 86d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €900k |
| Fixed assets | 21/28 | €109k |
| Tangible fixed assets | 22/27 | €102k |
| Financial fixed assets | 28 | €7k |
| Current assets | 29/58 | €791k |
| Amounts receivable within one year | 40/41 | €171k |
| Cash & bank | 54/58 | €96k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €900k |
| Equity | 10/15 | €78k |
| Contributions / capital | 10/11 | €50k |
| Reserves | 13 | €64k |
| Accumulated profits (losses) | 14 | €-35k |
| Amounts payable | 17/49 | €822k |
| Amounts payable after one year | 17 | €74k |
| Amounts payable within one year | 42/48 | €748k |
| Trade debts payable within one year | 44 | €708k |
| Income statement | ||
| Turnover | 70 | €3.09M |
| Gross operating margin | 9900 | €92k |
| Operating result | 9901 | €-21k |
| Financial income | 75 | €53 |
| Financial charges | 65 | €509 |
| Result before taxes | 9903 | €-21k |
| Income taxes | 67/77 | €15k |
| Net result for the period | 9904 | €-36k |
| Result to be appropriated | 9905 | €-36k |
| NACE primary | 53200 |
| Legal form | Private limited company(610) |
| Incorporation | 26-09-2008 |
| Status | Active |
| Postal code | 1080 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0946/00S013 | Brussels | 128 m² | 1 · 125 m² | 17.7 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
13-08-2024 Articles of association amended, translation of the articles, alignment with the new Companies Code and full restatement of the articles
Technical details
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}28-07-2022 Transaction in capital or shares
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | MSD Logistics |