Turnover
≈ €220,000 estimated
The accounts state no turnover.
MSDM
Lifetime
6 annual accounts with figures on one time axispeak €41,313 (2024)
€19,232▼ 53.4%
lowest -€15,465 (2025)
-€15,465▼ €22,558
peak €29,223 (2024)
€13,758▼ 52.9%
€11,072▲ 72.0%
Board5 names since 2019
3 directors and 2 others
Documentsfilings and deeds
11-07-202620 days before the deadline
2025micro format
Gross margin from €41,313 to €19,232Loss of €15,465Equity from €29,223 to €13,758Debts from €6,438 to €11,072Cash from €10,868 to €2,860
Key points
from the 2025 annual accountsStaff
2 employees on 31-12-2025
In 2025, 2 people joined and 2 left.
Liquidity
1.33 was 3.24 in 2024
Short-term debts rose from €6,438 to €9,570.
Filings
6 annual accounts since 2020
The last five annual accounts were filed 20 to 34 days before the end of the period.
Starting capital
€12,000 100 shares
Position in the sector
-€15,465
Lower net result than 84% of companies in food and beverage service. Sector median €4,670 · 18,499 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,601 companies had the same profile as MSDM has now. Each dot stands for 10 companies, two years later.
87.1%
were still trading
9.7%
stopped another way
2.9%
went bankrupt
Another 0.2% 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 3,601 companies, not a prediction for MSDM. 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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Signals
Board and ownership
Director, since 07-10-2019
Director, since 07-10-2019
Director, since 07-10-2019
- deed of 19-05-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0735799042
Resignation: (director)
Transfer of shares from to · Director discharge: · General meeting of 31-03-2023 · Gazette deed
Appointment: (director)
Transfer of 10 shares from to · Transfer of 34 shares from to · Transfer of 4 shares from to · Gazette deed
Incorporation
Founding capital of €12,000, 100 shares · Founders: , , and 1 other · Appointments: , , and · published on 09-10-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MSDM Seraing | €24,830 | €19,232 | 55.4% | - |
| ASI Lummen | €22,976 | €17,989 | 40.6% | - |
| BI CONCEPT Koekelberg | €24,184 | €21,657 | -167.7% | - |
| AYMI Turnhout | €26,791 | €19,926 | 31.6% | - |
| LA FONDA PAISA Brussels | €26,447 | €17,700 | 31.4% | - |
| VANILLE ET MOKA Flémalle | €26,460 | €23,361 | 12.0% | - |
| LA PIAZZA MIA Liège | €21,487 | €17,672 | 42.5% | - |
These companies have the same main activity as MSDM: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €21,500 and €26,800, founded between 2017 and 2020.
Official details
Source: KBO- Status
- Active since 07-10-2019Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112
- Joint committee
- 302Hotels and catering · annual accounts 2025
- Establishment unit
- 2.294.277.7514101 Seraing, since 07-10-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 21-11-2025
Annual accounts 2025
- €24,830▼ 30.4%
- Employeeson 31-12-2025
- 2=
- Filing
- Filed on 11-07-2026, 20 days before the end of the filing period
Insights on MSDM
MSDM files the micro format. That format states no turnover. The gross margin rose from €4,004 in 2020 to €19,232 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 MSDM
- What is the company number of MSDM?
- The company number of MSDM is 0735.799.042. The VAT number is the same number with BE in front: BE 0735.799.042.
- Where is MSDM based?
- The registered office is at Quai des Carmes 59, 4101 Seraing.Company details
- What does MSDM do?
- According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
- What is the legal form of MSDM?
- MSDM is a private limited company (BV).
- When was MSDM founded?
- MSDM was founded on 07-10-2019.
- Is MSDM still active?
- Yes, MSDM is an active enterprise in the KBO register.
- How many employees does MSDM have?
- MSDM had an average of 1.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does MSDM fall under?
- In its 2025 annual accounts, MSDM states joint committee 302 (Hotels and catering).
- What is the turnover of MSDM?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €19,232 and 133 comparable companies (NACE 56112). It probably lies between €130,000 and €360,000. It is a rough estimate.
- Is MSDM profitable?
- In financial year 2025, MSDM made a loss of €15,465.
- Where can I find the annual accounts of MSDM?
- MSDM filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MSDM due?
- MSDM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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