MSI IT SERVICES
InactiveMSI IT SERVICES was declared bankrupt on 09-03-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 15-10-2024, published in the Belgian State Gazette on 22-10-2024.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
30-09-2022 close30-04-2023 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 30-05-2022, 30 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
not filed
2024
not filed
2023
not filed
2022
not filed
2021
30 d late
2020
31 d late
2019
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€111k
EBIT margin
25.1%
Net result
€75k
2020 · €-843
2019: €28k
2020: €-843
2019 → 2021
Working capital
€108k▲ 227%
2020 · €33k
2019: €27k
2020: €33k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Turnover€111k-
Equity€34k-€33k▼ 2.5%€108k▲ 227%
Operating result€28k-€-544€100k
Net result€28k-€-843€75k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €100k after a loss of €544 in 2020, the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Equity and liabilities €189k
Equity
€108k▲ 227%
Debt
€81k▲ 943%
The debt ratio rises from 19.1% to 43.0%. Equity and debt are higher.
Key figures and ratios
Solvency
57.0%▼
2020 · 80.9%
Current ratio
2.33▼
2020 · 5.23
Quick ratio
2.33▼
2020 · 5.23
Debt / equity
0.75
ROE
69.4%▲
2020 · -2.6%
ROA
39.6%▲
2020 · -2.1%
Debt
€81k▲
2020 · €8k
Debt ≤ 1 year
€81k▲
2020 · €8k
Income taxes
€25k
Staff costs
€28k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€41k€189k▲
Current assets29/58€41k€189k▲
Amounts receivable within one year40/41€41k€188k▲
Trade receivables40-€61k
Other amounts receivable41-€127k
Cash at bank and in hand54/58€158€767▲
Equity and liabilities
Total equity and liabilities10/49€41k€189k▲
Equity10/15€33k€108k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€27k€101k▲
Amounts payable17/49€8k€81k▲
Amounts payable within one year42/48€8k€81k▲
Trade debts44€8k€53k▲
Suppliers440/4-€53k
Taxes, remuneration and social security45-€29k
Taxes450/3-€29k
Income statement
Code20202021
Remuneration, social security and pensions62-€28k
Gross operating margin9900€18k€128k▲
Operating profit (loss)9901€-544€100k▲
Financial charges65/66B-€802
Recurring financial charges65€298€802▲
Profit (loss) for the period before taxes9903€-843€100k▲
Income taxes67/77-€25k
Profit (loss) for the period9904€-843€75k▲
Profit (loss) for the period to be appropriated9905€-843€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€101k
Profit (loss) brought forward from the previous period14P-€27k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
22-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · MSI IT SERVICES BVBA BRUSSELSTRAAT 51, 2018 ANTWERPEN 1 · event 15-10-2024
2023
15-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · MSI IT SERVICES BVBA BRUSSELSTRAAT 51, 2018 ANTWERPEN 1 · event 09-03-2023
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-09
Financial
Back to profitnet €75k
Net result €75k after one loss-making year.
30-09
Financial
Equity above €100kEq €108k ▲227%
Equity rises from €33k to €108k.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
Financial
Weakest financial yearnet €-843 ▼103%
Net result drops to €-843, the lowest in the series.
30-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | INGE VANHOUTTE HEIDEBAAN 130 E, 9100 SINT-
NIKLAAS |
09-03-2023 → present |