Financials
- Fiscal year
- 2025
- Total assets
- €667,691
- Loss
- -€156,321
- Solvency
- -84.9%
Total assets▼ 31.0%
Net result
20232025
MSG Retail
ActiveSummary
The computed 12-month bankruptcy probability of MSG Retail is 3.2% (moderate). The 2025 annual accounts show negative equity (-€566,672) and a net result of -€156,321. Equity is shrinking by ~60.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 18973 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110Supermarkets NACE 47114
1 site
How big
€667,691total assets 2025
- Staff
- 22.5 FTE
- Equity
- -€566,672
- Loss
- -€156,321
Turnover not published (abridged schema)
Who decides
- Parent
- GV Retail · 100%
Accounts filed 28 d late0 of 1 deed read
Why 21- Limited track record- Annual accounts: weaker financial profile- Higher-failure-rate sector- Higher-failure-rate region- Negative equityFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.49 in 2024; short-term debt: 150.4% and cash: 17.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-84.9%
Return on assets
-23.4%
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€566,672
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
28 d late
2024
64 d early
2023
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 2 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 28 August (3 of the last 3 filed years within 92 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€338,404
Key points
- Risk: Negative equityfiscal year 2025: debts exceed assets -€566,672 View
- Risk: 3 loss-making years in a rowloss fiscal year 2025 -€156,321 View
- Caution: Among the weakest 5% on net resultsector median €4,993 · 18,949 companies -€156,321 View
- Positive: Result rose in 2025from -€338,404 to -€156,321 ▲ 53.8% View
- Controlled by GV Retail 100% View
By topic
Board & ownership
- Parent
- GV Retail · 100%
Timeline
- Events
- 4
- Since
- 2024
- Next accounts
- by 31-07-2027
- 28-08-2026Annual accounts filed
- 28-05-2025Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Non-specialised retail sale with food, beverages or tobacco…NACE 47110
- Founded
- 01-06-2022
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
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