Equity
€99,990 ▼ 38.8%
MSDP paid out €144,742 in dividends. That is 178% of the 2026 profit.
MSDP
Lifetime
9 annual accounts with figures on one time axispeak €136,040 (2024)
€129,291▲ 38.9%
lowest -€46,706 (2018)
€81,390▲ 43.5%
peak €163,342 (2025)
€99,990▼ 38.8%
€329,412▼ 11.6%
Board1 name since 2016
1 director
Documentsfilings and deeds
30-09-202631 days before the deadline
2026micro format
Gross margin from €93,104 to €129,291Result from €56,721 to €81,390Dividend €144,742Equity from €163,342 to €99,990Cash from €5,619 to €35,837
Key points
from the 2026 annual accountsTurnover
≈ €490,000 estimated
The micro format states no turnover.
Debts
€329,412 77% of the balance sheet
Financial debts 35%Suppliers 1%Taxes and wages 12%Other 53%
Of this, €99,685 falls due within a year.
Liquidity
1.52 was 2.62 in 2025
Short-term debts rose from €96,911 to €99,685.
Filings
9 annual accounts 1 late
The 2021 accounts came 3 days late. The other eight were filed on time.
Position in the sector
€81,390
Higher net result than 90% of companies in wholesale trade. Sector median €7,516 · 576 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as MSDP has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 5,053 companies, not a prediction for MSDP. 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
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0650665409
Amendment of the articles · Legal-form change
Legal-form conversion: from private limited company (pre-2019) to private limited company · Director in office: (sole director) · Gazette deed
First establishment
Rue Antoine Glume 11, Ramillies
Incorporation
Founders: and · Founding capital of €18,600, 186 shares · Appointment: (manager) · published on 24-03-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MSDP Ramillies | €429,402 | €129,291 | 23.3% | - |
| INVASO Lint | €591,323 | €130,539 | 49.8% | - |
| Oomen Valve Consulting Brasschaat | €513,052 | €183,929 | 97.2% | - |
| 4WORTH Brecht | €417,649 | €125,956 | 92.5% | - |
| ENGISOL Beernem | €391,677 | €78,760 | 36.5% | - |
| VASACO Hasselt | €311,189 | €109,207 | 99.3% | - |
| V.R. SERVICES SPRL Messancy | €352,141 | €107,551 | 7.1% | - |
These companies have the same main activity as MSDP: agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140). They are comparable in size and age: total assets between €311,000 and €591,000, founded between 2013 and 2018.
Official details
Source: KBO- Status
- Active since 22-03-2016Normal situation
- Activity
- Agents in the wholesale of industrial machinery, ships and aircraftNACE 46140and 5 others
- Establishment unit
- 2.251.974.9621367 Ramillies, since 01-04-2016
- Financial year end
- 31 March
- Peppol
- Reachable since 17-11-2025
Annual accounts to 31-03-2026
- €429,402▼ 19.9%
- Filing
- Filed on 30-09-2026, 31 days before the end of the filing period
Insights on MSDP
MSDP files the micro format. That format states no turnover. The gross margin rose from €17,737 in 2017 to €129,291 in 2026.
The balance sheet grew most from 2021 to 2022 through fixed assets, financed with long-term debt.
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 MSDP
- What is the company number of MSDP?
- The company number of MSDP is 0650.665.409. The VAT number is the same number with BE in front: BE 0650.665.409.
- Where is MSDP based?
- The registered office is at Rue Antoine Glume 11, 1367 Ramillies.Company details
- What does MSDP do?
- According to the KBO register, the main activity is agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140).
- What is the legal form of MSDP?
- MSDP is a private limited company (BV).
- When was MSDP founded?
- MSDP was founded on 22-03-2016.
- Is MSDP still active?
- Yes, MSDP is an active enterprise in the KBO register.
- What is the turnover of MSDP?
- The turnover in financial year 2026 is ≈ €490,000. This figure is estimated from the gross margin of €129,291 and 31 comparable companies (NACE 461). It probably lies between €230,000 and €1.2m.Financials
- Is MSDP profitable?
- In financial year 2026, MSDP made a profit of €81,390.
- Where can I find the annual accounts of MSDP?
- MSDP filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of MSDP due?
- MSDP must file the annual accounts for financial year 2027 by 31-10-2027.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 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 See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.