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MSDOC

Active
Private limited companyfounded 2025active for less than a yearRue du Mont Falise 146, 4500 Huy, BelgiumKBO/BCE: BE 1031.494.337
Summary

MSDOC is less than twelve months old; there is no public track record yet to compute a bankruptcy probability from. The 2025 annual accounts show equity of €26,953 and a net result of €21,953. Its solvency ranks better than 22% of 20,598 sector peers (NACE 86, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00443783.

Equity
€26,953
Total assets
€113,342
Net result
€21,953
Working capital
€81,720

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Equity and liabilities €113,342
Equity €26,953
Debt €86,389
Debt finances 76.2% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€29,494
Cash flow
€21,966
Current ratio
4.03
Debt to equity
3.21
ROE
81.4%
ROA
19.4%
Interest coverage
over 100
Debt ≤ 1 year
€27,002
Debt > 1 year
€59,386
Income taxes
€7,350
Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€113,342
Formation expenses20€4,620
Current assets29/58€108,722
Amounts receivable within one year40/41€79,511
Trade receivables40€77,965
Other amounts receivable41€1,545
Cash at bank and in hand54/58€25,659
Deferred charges and accrued income490/1€3,552
Equity and liabilities
Total equity and liabilities10/49€113,342
Equity10/15€26,953
Contributions10/11€5,000
Profit (loss) carried forward14€21,953
Amounts payable17/49€86,389
Amounts payable after more than one year17€59,386
Financial debts170/4€59,386
Amounts payable within one year42/48€27,002
Current portion of amounts payable after more than one year42€18,579
Trade debts44€1,073
Suppliers440/4€1,073
Taxes, remuneration and social security45€7,350
Taxes450/3€7,350
Other amounts payable47/48€0
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13
Gross operating margin9900€29,494
Operating profit (loss)9901€29,481
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€180
Recurring financial charges65€180
Profit (loss) for the period before taxes9903€29,303
Income taxes67/77€7,350
Profit (loss) for the period9904€21,953
Profit (loss) for the period to be appropriated9905€21,953
Appropriation of the result
Profit (loss) to be appropriated9906€21,953

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13
Gross operating margin9900€29,494
Operating profit (loss)9901€29,481
Financial income75/76B€2
Recurring financial income75€2
Financial charges65/66B€180
Recurring financial charges65€180
Profit (loss) for the period before taxes9903€29,303
Income taxes67/77€7,350
Profit (loss) for the period9904€21,953
Profit (loss) for the period to be appropriated9905€21,953
Line2025
Assets
Total assets20/58€113,342
Formation expenses20€4,620
Current assets29/58€108,722
Amounts receivable within one year40/41€79,511
Trade receivables40€77,965
Other amounts receivable41€1,545
Cash at bank and in hand54/58€25,659
Deferred charges and accrued income490/1€3,552
Equity and liabilities
Total equity and liabilities10/49€113,342
Equity10/15€26,953
Contributions10/11€5,000
Profit (loss) carried forward14€21,953
Amounts payable17/49€86,389
Amounts payable after more than one year17€59,386
Financial debts170/4€59,386
Amounts payable within one year42/48€27,002
Current portion of amounts payable after more than one year42€18,579
Trade debts44€1,073
Suppliers440/4€1,073
Taxes, remuneration and social security45€7,350
Taxes450/3€7,350
Other amounts payable47/48€0
Line2025
Profit (loss) for the period9904€21,953
+ Depreciation and write-downs630€13
Operating cash flow (approximation)€21,966

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 28-08-2026 2026-00443783

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