MSDP HOLDING
ActiveSummary
MSDP HOLDING has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.20M and a net result of €227k. Equity is growing by ~51.2% per year across the filed fiscal years. Its solvency ranks better than 94% of 1518 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▼-50
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 0.87 in 2024; short-term debt: 2% and cash: 0.6% of total assets), and 6.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.3%
Return on assets
5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-04-2026, 106 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
106 d early
2024
55 d early
2023
30 d late
2022
7 d late
2021
61 d late
2020
5 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4.20M▲ 0.8%
2024 · €4.17M
2018: €21k
2019: €41k
2020: €85k
2021: €344k
2022: €569k
2023: €747k
2024: €4.17M
2018 → 2025
Total assets
€4.50M▼ 2.8%
2024 · €4.63M
2018: €201k
2019: €219k
2020: €230k
2021: €1.89M
2022: €2.00M
2023: €1.70M
2024: €4.63M
2018 → 2025
Net result
€227k▼ 93.7%
2024 · €3.62M
2018: €13k
2019: €19k
2020: €44k
2021: €159k
2022: €225k
2023: €168k
2024: €3.62M
2018 → 2025
Working capital
€11k
2024 · €-34k
2018: €-27k
2019: €-30k
2020: €-12k
2021: €-20k
2022: €52k
2023: €-209k
2024: €-34k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€344k-€569k▲ 65.4%€747k▲ 31.3%€4.17M▲ 458%€4.20M▲ 0.8%
Operating result€141k-€183k▲ 30.1%€181k▼ 1.2%€3.67M▲ 1,928%€52k▼ 98.6%
Net result€159k-€225k▲ 41.1%€168k▼ 25.5%€3.62M▲ 2,060%€227k▼ 93.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 99% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.50M
Fixed assets
€4.40M =
Current assets
€101k ▼ 56.5%
Equity and liabilities €4.50M
Equity
€4.20M ▲ 0.8%
Debt
€303k ▼ 35.1%
Debt's share of the balance-sheet total falls from 10.1% to 6.7%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.12▲
2024 · 0.87
Debt to equity
0.07▼
2024 · 0.11
ROE
5.4%▼
2024 · 86.9%
ROA
5.0%▼
2024 · 78.1%
Debt ≤ 1 year
€90k▼
2024 · €266k
Debt > 1 year
€146k▼
2024 · €191k
Income taxes
€12k▼
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.63M€4.50M▼
Fixed assets21/28€4.40M€4.40M=
Financial fixed assets28€4.40M€4.40M=
Current assets29/58€233k€101k▼
Amounts receivable within one year40/41€145k€73k▼
Trade receivables40€108k€28k▼
Other amounts receivable41€37k€45k▲
Cash at bank and in hand54/58€88k€28k▼
Equity and liabilities
Total equity and liabilities10/49€4.63M€4.50M▼
Equity10/15€4.17M€4.20M▲
Contributions10/11€119k€119k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€4.05M€4.08M▲
Amounts payable17/49€466k€303k▼
Amounts payable after more than one year17€191k€146k▼
Financial debts170/4€191k€146k▼
Amounts payable within one year42/48€266k€90k▼
Current portion of amounts payable after more than one year42€45k€45k=
Trade debts44€205k€29k▼
Suppliers440/4€205k€29k▼
Taxes, remuneration and social security45€7k€14k▲
Taxes450/3€7k€14k▲
Other amounts payable47/48€9k€2k▼
Accrued charges and deferred income492/3€9k€66k▲
Income statement
Code20242025
Non-recurring operating income76A€3.70M€0▼
Other operating charges640/8€982€998▲
Gross operating margin9900€3.67M€53k▼
Operating profit (loss)9901€3.67M€52k▼
Financial income75/76B€70€195k▲
Recurring financial income75€70€195k▲
Financial charges65/66B€29k€8k▼
Recurring financial charges65€29k€8k▼
Profit (loss) for the period before taxes9903€3.64M€239k▼
Income taxes67/77€18k€12k▼
Profit (loss) for the period9904€3.62M€227k▼
Profit (loss) for the period to be appropriated9905€3.62M€227k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.25M€4.27M▲
Profit (loss) brought forward from the previous period14P€626k€4.05M▲
Profit to be distributed694/7€200k€195k▼
Return on contributions (dividend)694€200k€195k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €3.62M ▲2060%
Operating result €3.67M, net result €3.62M, both a record.
31-12
Financial
Equity above €2MEq €4.17M ▲458%
7 profitable years in a row build equity to €4.17M.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Equity above €500kEq €569k ▲65.4%
5 profitable years in a row build equity to €569k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Equity above €200kEq €344k ▲307%
4 profitable years in a row build equity to €344k.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Naamsestraat 72-741000 BrusselGround area
482 m²
Building footprint
482 m²
Volume, LiDAR
11,248 m³
Parcel 21804D0315/00F000, Brussels · tallest building 29.4 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
MSDP HOLDING
since 20172.272.941.018
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0315/00F000 | Brussels | 482 m² | 1 · 482 m² | 29.4 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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SONY PICTURES RELEASING
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CinemaNext
BE 0865.818.337
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Of 312 companies in sector 59130 we hold annual accounts for 122. 21 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
59130Motion picture, video and television programme production, sound recording and music publishing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:stephan@cineart.be
Phone:022458700