Skip to content

MSICS

Active Private limited companyfounded 2015active for 10 yearsSint Rochuswegel 14, 9890 GavereKBO/BCE: BE 0643.654.485

Overview

Lifetime

10 annual accounts with figures on one time axis
peak €201,872 (2023)
€155,027▲ €171,799
lowest -€20,074 (2024)
€116,948▲ €137,021
peak €223,263 (2018)
€117,279▲ 354×
€23,366▼ 74.7%
Board1 name since 2015
- 
Documentsfilings and deeds
30-01-2026182 days before the deadline
2025micro format
Gross margin from -€16,771 to €155,027Back to profit: €116,948Equity from €331 to €117,279Debts from €92,289 to €23,366Cash from €67,231 to €118,409

Key points

from the 2025 annual accounts

Equity

€117,279 ▲ 354×
€3312024€117,0002025

Equity rose in 2025 from €331 to €117,279.

Liquidity

6.34 was 0.99 in 2024

Short-term debts fell from €90,723 to €21,799.

Filings

10 annual accounts 2 late
AprilJune31 JulyOctober20202025

The 2016 accounts came latest: 30 days after the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 34,721 companies had the same profile as MSICS has now. Each dot stands for 87 companies, two years later.

95.3%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
Test of the method

The method was tested on the 497,762 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 34,721 companies, not a prediction for MSICS. 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

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

last known board
Director, until 2024
  • founderdeed of 30-11-2015
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0643654485
Change of role: , from manager to director “Het ondersteunen en het bijstaan van ondernemingen, andere instellingen en personen door het verlenen van…” (deed in Dutch) · General meeting of 12-12-2023 · Gazette deed
Director in office: (manager) Gazette deed
Incorporation Founding capital of €18,550, 100 shares, €12,400 paid up · Founder: · Appointment: (manager) · published on 30-11-2015 · Gazette deed
All 21 events

Comparable companies

same main activity, similar in size and age
Company
MSICS Gavere €140,645 €155,027 83.4% -
SMALL CHANGE Ghent €134,043 €139,536 93.3% -
LSA CONSULT Sint-Martens-Latem €148,926 €166,691 94.7% -
CDV SAFETY Aalst €140,056 €138,307 23.3% -
KLEEMANS BELGIË Evergem €158,345 €136,582 29.3% -
INNOVCO Sint-Niklaas €146,864 €126,132 17.1% -
Fundahold Sint-Martens-Latem €153,935 €191,988 12.1% -

These companies have the same main activity as MSICS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €134,000 and €158,000, founded between 2015 and 2016.

Official details

Source: KBO
Status
Active since 26-11-2015Normal situation
Activity
Business and other management consultancyNACE 70200
Establishment unit
2.247.871.2689890 Gavere, since 26-11-2015
Financial year end
31 December
Peppol
Reachable since 09-10-2025
Company details

Annual accounts 2025

€155,027
≈ €260,000estimated
€116,948
€117,279▲ 354×
€140,645▲ 51.9%
Filing
Filed on 30-01-2026, 182 days before the end of the filing period
Financials

Insights on MSICS

MSICS files the micro format. That format states no turnover. The gross margin rose from €144,123 in 2016 to €155,027 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 30-01-2026, 182 days before the deadline
€155,027
▲ €171,799
€152,084
▲ €171,593
€116,948
▲ €137,021
€116,346
▲ €117,112
83.4%
▲ 83.0 percentage points
6.34
▲ 5.35

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €260,000. Estimated: probably between €220,000 and €300,000.

Balance sheet

balance sheet total €140,645 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

83.4%

Higher than 81% of 41,246 companies in 2025.

6.34

Higher than 83% of 39,815 companies in 2025.

83.2%

Higher than 95% of 40,336 companies in 2025.

MSICS Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016
Balance sheet: assets
20/58 140,64592,620207,582183,710217,077222,556216,020281,835189,498159,126
21/28 2,5002,6633,7591,9302,84614,65727,2507,13915,77214,802
22/27 2,5002,6633,7591,9302,84614,65727,2507,13915,77214,802
23 933----362724---
24 1,5672,6633,7591,9302,84614,29526,5257,13915,77214,802
29/58 138,14589,957203,823181,779214,232207,899188,770274,697173,725144,324
40/41 15,91520,265-22,68319,62020,37923,26615,64120,32821,169
40 15,79120,147-22,65019,60219,60217,90815,48820,32813,165
41 125119-33187775,358153-8,005
54/58 118,40967,231202,066156,045193,604186,546165,504258,877153,309123,068
490/1 3,8222,4611,7573,0511,008974-1788987
Balance sheet: equity and liabilities
10/49 140,64592,620207,582183,710217,077222,556216,020281,835189,498159,126
10/15 117,279331172,842154,144192,668189,707172,100223,263137,00893,160
10/11 18,55018,55018,55018,55018,55018,55018,55012,40012,40012,400
100 ------18,55018,55018,55018,550
101 -------6,1506,1506,150
13 118,8031,8551,8551,85580,76080,76080,76080,76080,76080,760
130/1 ---1,8551,8551,855----
130 ------1,8551,8551,8551,855
1311 ---1,8551,8551,855----
133 118,8031,8551,855-78,90578,90578,90578,90578,90578,905
14 -20,074-20,074152,437133,73993,35890,39772,790130,10343,848-
17/49 23,36692,28934,74029,56624,40932,84943,92058,57352,49065,966
17 -----9,94819,796--1,903
170/4 -----9,94819,796--1,903
42/48 21,79990,72333,17628,00222,85221,34722,57057,01950,93762,494
42 ----9,9489,848---7,520
43 ------9,750-1,903-
430/8 ------9,750-1,903-
44 220976,1291,8831298121,1566,619357404
440/4 220976,1291,8831298121,1566,619357404
45 8,9019,19719,50511,9215,3644,1722,20445,63428,63254,571
450/3 8,9019,19716,8529,3195,3644,1722,20445,63428,63254,571
454/9 --2,6532,602------
47/48 12,67881,4297,54314,1997,4126,5149,4594,76620,044-
492/3 1,5671,5661,5641,5641,5571,5551,5551,5541,5531,568
Income statement
76A ---1,102-1,7493,800---
9900 155,027-16,771201,872176,410136,646133,417108,377121,58376,757144,123
630 1,5191,0961,05291514,41113,77913,6238,63310,9289,534
640/8 1,4241,6411,5191,3691,2552,0041,2581,2941,5721,553
9901 152,084-19,509199,301174,126120,981117,63593,495111,65564,258133,035
75/76B -0041-10614
75 -0041-10614
65/66B 23324624332035150346283154228
65 23324624332035150346283154228
9903 151,851-19,754199,058173,811120,631117,13293,035111,57264,165132,811
67/77 34,90331946,62040,07327,27326,73520,24525,31720,31752,051
9904 116,948-20,074152,437133,73993,35890,39772,79086,25543,84880,760
9905 116,948-20,074152,437133,73993,35890,39772,79086,25543,84880,760
Appropriation of the result
9906 96,874132,364286,176227,097183,755163,187202,893130,10343,84880,760
14P -20,074152,437133,73993,35890,397-----
791/2 ---78,905------
691/2 116,948--------80,760
6920 ---------1,855
6921 116,948--------78,905
694/7 -152,437133,739172,26390,39772,790130,103---
694 -152,437133,739172,26390,39772,790130,103---
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 30-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 30-01-2026 2026-00035809 PDF
31-12-2024 micro format 16-07-2025 2025-00305059 PDF
31-12-2023 micro format 14-06-2024 2024-00155351 PDF
31-12-2022 micro format 05-06-2023 2023-00120709 PDF
31-12-2021 micro format 07-06-2022 2022-20062537 PDF
31-12-2020 micro format 21-06-2021 2021-24000482 PDF
31-12-2019 micro format 16-06-2020 2020-18600215 PDF
31-12-2018 micro format 14-06-2019 2019-19100225 PDF
31-12-2017 micro format 24-08-2018 2018-51900292 PDF
31-12-2016 abbreviated format 30-08-2017 2017-57400424 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016
153,604-18,413200,353175,042135,391131,414107,119120,28875,185142,569
118,467-18,978153,489134,654107,769104,17586,41394,88854,77590,294
1,35602,88002,5991,18633,734011,89824,336
51,178-134,83646,021-37,5597,05821,042-93,373105,56830,241-
116,346-766170,647153,777191,379186,552166,200217,678122,78881,829
83.4%0.4%83.3%83.9%88.8%85.2%79.7%79.2%72.3%58.5%
6.340.996.146.499.379.748.364.823.412.31
0.20-0.200.190.130.170.260.260.380.71
99.7%-88.2%86.8%48.5%47.7%42.3%38.6%32.0%86.7%
83.2%-21.7%73.4%72.8%43.0%40.6%33.7%30.6%23.1%50.8%
over 100-74.86over 100over 100over 100-----

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€1,356-€2,880-€2,599
€1,519€1,096€1,052€915€14,411

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MSICS

The operating result for 2025 is a profit of €152,084, after a loss of €19,509 in 2024.

Debt's share of the balance-sheet total falls from 99.6% to 16.6%. Equity is higher and debt is lower.

Board & ownership

Board

No change since 2024
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 10-01-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Manager
Earlier
Mandates as a list
    • Manager, appointed by deed of 30-11-2015, until 10-01-2024

See the board, name and registered office on a given date →

Control

Founder
This company
MSICS
Equity €117,279
Profit €116,948 in 2025

Capital

Capital
€18,550
Shares
100
Contribution per share
€186
Equity per share
€1,173 in 2025
Source
deed of 30-11-2015

Articles of association

DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 30-11-2015 (in Dutch)
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
deed of 10-01-2024 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 10:00
deed of 10-01-2024 (in Dutch)

Founder

At incorporation deed of 30-11-2015 ↗
  • sole founder · 100% at incorporation

Network & group

No group

MSICS has no parent and no holdings in its annual accounts.

Connections & network

Timeline

Timeline

21 events since 2015

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 182 days before the deadline
2025
Back to profit net €116,948 The net result is €116,948, after one loss-making year.
Liquidity more than 6 times current ratio 6.34 The current ratio rises from 0.99 to 6.34. Short-term debt falls from €90,723 to €21,799.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0643654485
Annual accounts 2024 filed PDFmicro format · 15 days before the deadline
2024
Weakest financial year net -€20,074 The net result drops to -€20,074, the lowest from 2016 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 47 days before the deadline
Change of role: , from manager to director“Het ondersteunen en het bijstaan van ondernemingen, andere instellingen en personen door het verlenen van…” (deed in Dutch) · General meeting of 12-12-20233 points ▸
  • General meeting, 12-12-2023
  • Director resignation, (manager)
  • Director appointment,
  • The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

2023
Highest result from 2016 to 2025 net €152,437 ▲14% The operating result of €199,301 and the net result of €152,437 are both a record.
Annual accounts 2022 filed PDFmicro format · 56 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 54 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 40 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 45 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 47 days before the deadline
2018
Equity above €200,000 equity €223,263 ▲63% With a profit in every financial year since 2016, equity grows to €223,263.
Annual accounts 2017 filed PDFmicro format · 24 days late
2017
Equity above €100,000 equity €137,008 ▲47.1% With a profit in every financial year since 2016, equity grows to €137,008.
Annual accounts 2016 filed PDFabbreviated format · 30 days late
2016
Director in office: (manager)1 point ▸
  • Director in office, (manager)

Open the deed in the Belgian Official Gazette

2015
IncorporationFounding capital of €18,550, 100 shares, €12,400 paid up · Founder: · Appointment: (manager) · published on 30-11-20153 points ▸
  • Founder,
  • Founding capital, €18,550, 100 shares
  • Director appointment, (manager)
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

First establishment Sint Rochuswegel 14, Gavere

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MSICS was incorporated on 26 November 2015 by one natural person, with a starting capital of €18,550.12 Total assets fell from €281,835 in 2018 to €140,645 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 30-11-2015
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0643.654.485
VAT number
BE 0643.654.485
Peppol ID
0208:0643654485
Other Peppol ID
9925:BE0643654485
Legal form
Private limited company
Status
Active, normal situation
Founded
26-11-2015
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 10:00
deed of 10-01-2024 (in Dutch)
Peppol
Reachable since 09-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MSICS in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 30-11-2015 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 10-01-2024 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
70220 Business consulting main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het ondersteunen en het bijstaan van ondernemingen, andere instellingen en personen door het verlenen van adviezen, bijstand en begeleiding…”
14 activities
  1. Het ondersteunen en het bijstaan van ondernemingen, andere instellingen en personen door het verlenen van adviezen, bijstand en begeleiding en dit onder meer doch niet beperkend op management, strategisch, organisatorisch, operationeel, technisch, commercieel, marketing, juridisch, financieel, communicatie, public relations en human resource gebied
  2. Het geven van advies en verstrekken van diensten met betrekking tot de strategie, het algemeen beleid, de organisatie, het bedrijfsbeheer, de bedrijfsvoering, de public relations en de communicatie van ondernemingen en andere instellingen
  3. Het verlenen van adviezen, richtsnoeren en praktische hulp aan ondernemingen en andere instellingen, met inbegrip van lobbyactiviteiten, met betrekking tot public relations en communicatie
  4. Adviesverlening in het algemeen en in de meest ruime zin van het woord zodat alles kan gedaan worden (zowel rechtstreeks als onrechtstreeks) wat het ontstaan, de exploitatie, de groei en het welzijn van een onderneming en de belangen van haar eigenaars ten goede kan komen
  5. Activiteiten van hoofdkantoren en adviesbureaus op het gebied van bedrijfsbeheer
  6. Activiteiten van hoofdkantoor dat instaat voor de supervisie en het beheer van andere eenheden van dezelfde maatschappij of onderneming
  7. Het optreden als tussenpersoon bij onderhandelingen en bemiddeling in de ruimste zin van het woord
  8. Het verlenen van computerconsultancy-activiteiten; waaronder onder meer het analyseren, het ontwerpen en het implementeren van computersystemen waarbij hardware, software en communicatietechnologie worden geïntegreerd, alsook opleiding voor de desbetreffende gebruikers
  9. Overige rechtskundige dienstverlening, waaronder de activiteiten van juridische adviseurs
  10. Het verlenen van activiteiten, adviezen, bijstand en begeleiding met betrekking tot maritieme activiteiten, onderwateractiviteiten, onderwateronderzoek en watersport
  11. De activiteiten van verpleegkundigen
  12. Gespecialiseerde instantie voor beroepsopleiding, de voortgezette vorming of training voor volwassenen (werklozen, zelfstandigen, werknemers) in het kader van hun beroepsloopbaan
  13. Het geven van onderwijs, opleidingen, coaching, training, seminaries en voordrachten alsook het publiceren van artikels en boeken
  14. Het ontwikkelen, produceren, commercialiseren en verkopen van producten die in verband staan met voormelde activiteiten
deed of 10-01-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Start date Unit number
Sint Rochuswegel 14 registered office 9890 Gavere 26-11-2015 2.247.871.268

Buildings and parcels at the address

Ground area
571 m²
Buildings
174 m²
Volume, LiDAR
770 m³
Tallest building
10.4 m
Buildings to scale, each on its own parcel
174 m², 10.3 m 174 m², 10.3 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
44020A0158/00R002570 m² 1 · 174 m² 10.3 m · 1