MSG PRO
ActiveSummary
The computed 12-month bankruptcy probability of MSG PRO is 20.6% (high). The annual accounts of MSG PRO for fiscal year 2024 show a net loss of 75% of the equity at the start of that year. The 2024 annual accounts show equity of €5,626 and a net result of -€16,490. Equity is shrinking by ~37.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 16% of 36386 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
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Signals
This company filed its last 3 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,135 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 20.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,135 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €3,097 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,674 | €1,674 | €1,674 | = |
| Other operating charges640/8 | €2,899 | €509 | €2,458 | ▲ 383% |
| Gross operating margin9900 | €27,186 | €2,839 | -€6,769 | ▼ 338% |
| Operating profit (loss)9901 | €19,516 | €656 | -€10,901 | ▼ 1,761% |
| Financial charges65/66B | €258 | €298 | €355 | ▲ 19.3% |
| Recurring financial charges65 | €258 | €298 | €355 | ▲ 19.3% |
| Profit (loss) for the period before taxes9903 | €19,258 | €359 | -€11,257 | ▼ 3,240% |
| Income taxes67/77 | - | - | €5,234 | - |
| Profit (loss) for the period9904 | €19,258 | €359 | -€16,490 | ▼ 4,699% |
| Profit (loss) for the period to be appropriated9905 | €19,258 | €359 | -€16,490 | ▼ 4,699% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €60,368 | €56,648 | €42,971 | ▼ 24.1% |
| Fixed assets21/28 | €3,348 | €1,674 | - | - |
| Tangible fixed assets22/27 | €3,348 | €1,674 | - | - |
| Plant, machinery and equipment23 | €3,348 | - | - | - |
| Furniture and vehicles24 | - | €1,674 | - | - |
| Current assets29/58 | €57,020 | €54,974 | €42,971 | ▼ 21.8% |
| Stocks and contracts in progress3 | €25,300 | €25,300 | €40,300 | ▲ 59.3% |
| Stocks30/36 | €25,300 | €25,300 | €40,300 | ▲ 59.3% |
| Amounts receivable within one year40/41 | €24,736 | €29,128 | €2,669 | ▼ 90.8% |
| Trade receivables40 | €23,348 | €21,661 | €2,633 | ▼ 87.8% |
| Other amounts receivable41 | €1,389 | €7,467 | €36 | ▼ 99.5% |
| Cash at bank and in hand54/58 | €6,983 | €546 | €2 | ▼ 99.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €60,368 | €56,648 | €42,971 | ▼ 24.1% |
| Equity10/15 | €21,758 | €22,117 | €5,626 | ▼ 74.6% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Capital10 | €2,500 | €2,500 | €2,500 | = |
| Issued capital100 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €19,258 | €19,617 | €3,126 | ▼ 84.1% |
| Amounts payable17/49 | €38,610 | €34,532 | €37,344 | ▲ 8.1% |
| Amounts payable within one year42/48 | €38,610 | €34,532 | €37,344 | ▲ 8.1% |
| Trade debts44 | €37,310 | €20,282 | - | - |
| Suppliers440/4 | €37,310 | €20,282 | - | - |
| Other amounts payable47/48 | €1,300 | €14,250 | €37,344 | ▲ 162% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,258 | €359 | -€16,490 | ▼ 4,699% |
| + Depreciation and write-downs630 | €1,674 | €1,674 | €1,674 | = |
| Operating cash flow (approximation) | €20,932 | €2,033 | -€14,816 | ▼ 829% |
| Investment in fixed assets (approximation) | - | €0 | - | - |
| Change in cash | - | -€6,437 | -€544 | ▲ 91.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
14-08
State Gazette act
Resignation: Shkëlqesë Ibraj (director)Registered-office move3 facts ▸
- General meeting, 01-06-2026
- Registered-office move, Grote Baan(WSP) 122, 3150 Haacht
- Director resignation, Shkëlqesë Ibraj (director)
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24122A0145/00W002 | Flanders | 690 m² | 1 · 166 m² | 7.7 m · 1 fl. |
| 23047A0359/00P000 | Flanders | 568 m² | 1 · 366 m² | 6.8 m · 1 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Shkëlqesë Ibraj |
|
Similar companies · same sector, comparable size
Identification & contact
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.