MSG
ActiveSummary
MSG has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,292 and a net result of €22,689. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 89% of 4,702 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MSG
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, 15-06-2024” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 16 .- Représentation - Actes et actions judiciaires. La société est représentée dans les actes, y compris ceux où interviennent un…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Portée aux frais généraux indépendamment des frais de représentation,voyages et déplacements, désignation et cessation soumises aux mêmes…” (deed in French)“Portée aux frais généraux, sans préavis” (deed in French)“Première assemblée générale qui suit, administrateurs restants” (deed in French)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Refus d'agrément prévu à l'article 12, aucun droit de recours” (deed in French)“Faire connaître nom,prénoms,profession et domicile,justifier qualités héréditaires par actes réguliers,désigner éventuellement mandataire…” (deed in French)1 more provision on this in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Modification des statuts, articles 5:120 et 5:121 du Code des Sociétés et des Associations” (deed in French)
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- “Émettre des actions nouvelles,des obligations convertibles ou des droits de souscription, autorisation” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of May at 10:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “32, plus_etendus_articles_2:87_et_suivants_CSA” (deed in French)