MSF CLIMBING
ActiveMSF CLIMBING has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.55M and a net result of €140k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 69% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▲+7
Solvency97▲+7
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 2.56 against 1.61 in 2024; short-term debt: 5.2% and cash: 0.1% of total assets), and 27.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
72.4%
Return on assets
6.5%
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 14-07-2026, 17 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
17 d early
2024
7 d late
2023
19 d late
2022
28 d late
2021
26 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€140k▲ 62.9%
2024 · €86k
2021: €-14k
2022: €109k
2023: €127k
2024: €86k
2021 → 2025
Working capital
€174k▲ 53.9%
2024 · €113k
2021: €54k
2022: €-35k
2023: €-121k
2024: €113k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.09M-€1.19M▲ 10.0%€1.32M▲ 10.6%€1.41M▲ 6.5%€1.55M▲ 9.9%
Operating result€-10k-€167k€182k▲ 8.4%€117k▼ 35.6%€201k▲ 72.3%
Net result€-14k-€109k€127k▲ 16.5%€86k▼ 32.3%€140k▲ 62.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 72% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.14M
Fixed assets
€1.85M=
Current assets
€285k▼ 4.7%
Equity and liabilities €2.14M
Equity
€1.55M▲ 9.9%
Debt
€588k▼ 20.7%
The debt ratio falls from 34.5% to 27.6%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
72.4%▲
2024 · 65.5%
Current ratio
2.56▲
2024 · 1.61
Quick ratio
2.56▲
2024 · 1.61
Debt / equity
0.38▼
2024 · 0.53
ROE
9.0%▲
2024 · 6.1%
ROA
6.5%▲
2024 · 4.0%
Debt
€588k▼
2024 · €742k
Debt ≤ 1 year
€111k▼
2024 · €186k
Debt > 1 year
€477k▼
2024 · €556k
Income taxes
€43k▲
2024 · €26k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.15M€2.14M▼
Fixed assets21/28€1.85M€1.85M=
Financial fixed assets28€1.85M€1.85M=
Current assets29/58€299k€285k▼
Amounts receivable within one year40/41€290k€283k▼
Trade receivables40€10k€2k▼
Other amounts receivable41€280k€281k▲
Cash at bank and in hand54/58€9k€2k▼
Deferred charges and accrued income490/1€157-
Equity and liabilities
Total equity and liabilities10/49€2.15M€2.14M▼
Equity10/15€1.41M€1.55M▲
Contributions10/11€1.10M€1.10M=
Profit (loss) carried forward14€307k€447k▲
Amounts payable17/49€742k€588k▼
Amounts payable after more than one year17€556k€477k▼
Financial debts170/4€556k€477k▼
Amounts payable within one year42/48€186k€111k▼
Current portion of amounts payable after more than one year42€107k€85k▼
Trade debts44€17k-
Suppliers440/4€17k-
Taxes, remuneration and social security45€62k€26k▼
Taxes450/3€56k€21k▼
Remuneration and social security454/9€6k€4k▼
Income statement
Code20242025
Other operating charges640/8€2k€998▼
Gross operating margin9900€119k€202k▲
Operating profit (loss)9901€117k€201k▲
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€8k€20k▲
Recurring financial charges65€8k€20k▲
Profit (loss) for the period before taxes9903€112k€183k▲
Income taxes67/77€26k€43k▲
Profit (loss) for the period9904€86k€140k▲
Profit (loss) for the period to be appropriated9905€86k€140k▲
Appropriation of the result
Profit (loss) to be appropriated9906€307k€447k▲
Profit (loss) brought forward from the previous period14P€221k€307k▲
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2021net €140k ▲62.9%
Operating result €201k, net result €140k, both a record.
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 7 days late
2024
31-12
Financial
Liquidity times 5current ratio 1.61
Current ratio from 0.34 to 1.61.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 19 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €109k
Net result €109k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
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, Ukkel · 1 establishment unit since 2021
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.
Engelandstraat 4551180 UkkelGround area
1,593 m²
Building footprint
82 m²
Volume, LiDAR
355 m³
Parcel 21614F0236/00V000, Brussels · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MSF CLIMBING
since 20212.324.132.965
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614F0236/00V000 | Brussels | 1,593 m² | 1 · 82 m² | 7.9 m · 1 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.
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PSP INVEST
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 23,057 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-09-2021
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:msfclimbing@gmail.com