Losses
-€58,946 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
MSG TRADING
Lifetime
20 annual accounts with figures on one time axispeak €200,658 (2018)
-€4,058▼ €140,230
lowest -€51,905 (2025)
-€51,905▼ €44,865
peak €317,679 (2023)
€258,733▼ 16.7%
€173,504▼ 16.8%
peak 3 FTE (2018)
-not published
Board2 names since 2021
1 director
Documentsfilings and deeds
13-07-202618 days before the deadline
2025abbreviated format
Gross margin from €136,172 to -€4,058Loss of €51,905Resignation: (manager) 06-02Equity from €310,638 to €258,733Debts from €208,522 to €173,504Cash from €44,928 to €17,760
Key points
from the 2025 annual accountsFilings
20 annual accounts since 2006
Six of the last ten came late. The 2021 accounts came latest: 61 days after the end of the period.
Position in the sector
-€51,905
Lower net result than 90% of companies in retail trade. Sector median €38,016 · 13,231 companies.
Turnover not published (abbreviated or micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 5,828 companies had the same profile as MSG TRADING has now. Each dot stands for 15 companies, two years later.
84.6%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,828 companies, not a prediction for MSG TRADING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0873528154
Resignation: (manager)
Director discharge: · General meeting of 31-12-2024 · Gazette deed
Changes of role: (director) and (director)
Director discharge: · Director discharge: · General meeting of 26-12-2023 · Gazette deed
Purpose change
“Handelsbemiddeling in textiel,kleding,schoeisel en artikelen van leer; Handelsbemiddeling in bont; Groothandel…” (deed in Dutch) · General meeting of 25-09-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MSG TRADING Zoutleeuw | €432,237 | -€4,058 | 59.9% | - |
| NICOLAS COCHAS Brasschaat | €487,413 | -€23,958 | -120.9% | - |
| H.V.S. RUITERSHOP Peer | €301,350 | -€12,491 | 33.0% | - |
| GILCOTEX Brussels | €384,730 | -€27,475 | 1.2% | - |
| UN POCO MAS Geel | €291,864 | -€68,037 | 19.0% | - |
| DIVAD Anderlecht | €397,119 | -€84,546 | 92.4% | - |
| Alyzée Fashion Woluwe-Saint-Lambert | €523,274 | -€15,151 | 1.8% | - |
These companies have the same main activity as MSG TRADING: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €292,000 and €523,000, founded between 2004 and 2011.
Official details
Source: KBO- Status
- Active since 27-04-2005Normal situation
- Activity
- Retail sale of clothing and accessories for women, men, children and babies (general range)NACE 47716and 3 others
- Joint committees
- 201Independent retail
- 302Hotels and catering · annual accounts 2022
- Establishment unit
- 2.146.660.8743440 Zoutleeuw, since 27-04-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 31-12-2025
Annual accounts 2025
- €432,237▼ 16.7%
- ≈ 0.4 FTEestimated
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on MSG TRADING
MSG TRADING files the abbreviated format. That format states no turnover. The gross margin fell from €10,750 in 2006 to -€4,058 in 2025.
The balance sheet grew most from 2011 to 2013 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MSG TRADING
- What is the company number of MSG TRADING?
- The company number of MSG TRADING is 0873.528.154. The VAT number is the same number with BE in front: BE 0873.528.154.
- Where is MSG TRADING based?
- The registered office is at Neerlandensestraat 1, 3440 Zoutleeuw.Company details
- What does MSG TRADING do?
- According to the KBO register, the main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716).
- What is the legal form of MSG TRADING?
- MSG TRADING is a private limited company (BV).
- When was MSG TRADING founded?
- MSG TRADING was founded on 27-04-2005.
- Is MSG TRADING still active?
- Yes, MSG TRADING is an active enterprise in the KBO register.
- How many employees does MSG TRADING have?
- MSG TRADING had an average of 1.1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does MSG TRADING fall under?
- In its 2022 annual accounts, MSG TRADING states joint committees 201 (Independent retail) and 302 (Hotels and catering).
- What is the turnover of MSG TRADING?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.
- Is MSG TRADING profitable?
- In financial year 2025, MSG TRADING made a loss of €51,905.
- Where can I find the annual accounts of MSG TRADING?
- MSG TRADING filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MSG TRADING due?
- MSG TRADING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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