Financials
- Fiscal year
- 2025
- Turnover
- €74.9m
- Profit
- €109,377
- Solvency
- 46.8%
Turnover▼ 2.9%
Net result
20182025
MSF SUPPLY
ActiveSummary
MSF SUPPLY has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.2m and a net result of €109,377. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 53% of 8741 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
What they do
Wholesale of pharmaceutical and medical goods
NACE 46460NACE 46769Wholesale trade NACE 46869
1 site
How big
€74.9mturnover 2025
- Staff
- 135 FTE
- Equity
- €15.2m
- Profit
- €109,377
Who decides
Auditor: PRAGMA AUDIT SRLAccounts 15 d early1 of 26 deeds read
Why 70- Higher-failure-rate region- Higher-failure-rate sector+ Lower-risk legal form+ Long track record+ Annual accounts: healthy financial profile+ Growing equityLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-8
Solvency72▲+3
Growth67▼-2
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,050,000 at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.71 in 2024; short-term debt: 52.4% and cash: 12.8% of total assets), but 53.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
46.8%
Return on assets
0.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €15.2m
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
24 d early
2023
21 d early
2022
18 d early
2021
9 d early
2020
17 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 13 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Reappointment: SRL PRAGMA AUDIT (statutory auditor)State Gazette act
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
By topic
Board & ownership
- Auditor
- PRAGMA AUDIT SRL
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 29-07-2026Reappointment: SRL PRAGMA AUDIT (statutory auditor)
- 16-07-2026Annual accounts filed
- 07-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Non-profit association
- Activity
- Wholesale of pharmaceutical and medical goodsNACE 46460
- Founded
- 17-08-1989
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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