Financials
- Fiscal year
- 2025
- Total assets
- €423,438
- Loss
- -€50,555
- Solvency
- 4.2%
Total assets▼ 2.7%
Net result
20222025
MSJ GLIBERT
ActiveSummary
MSJ GLIBERT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,598 and a net result of -€50,555. Equity is shrinking by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 22% of 13458 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Activity
Wholesale of beverages, general range
NACE 46349Non-specialised retail sale with food, beverages or tobacco predominating NACE 47110NACE 47112
1 site
Size
€423,438total assets 2025
- Staff
- 4.8 FTE
- Equity
- €17,598
- Loss
- -€50,555
Turnover not published (abridged schema)
Structure
Accounts 7 d early0 of 2 deeds read
Why 64- Loss of €50,555 (FY 2025)- Equity €17,598 (4.2% of total assets)- Sector Wholesale trade (NACE 46)+ Size: total assets €423,438Show the evidence
Checked score
Score 2025
64
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 17% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
29-22
equity 4.2% of total assets
Liquidity
30-16
short-term debt 57.9% · cash 8.3%
Profitability
4-60
return on assets -11.9%
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● 0.0% vs 11-2024
01-2025: 0.3%● 0.0% vs 12-2024
02-2025: 0.3%▼ -6.6% vs 01-2025
03-2025: 0.3%● 0.0% vs 02-2025
04-2025: 0.3%▼ -1.1% vs 03-2025lowest value
05-2025: 0.3%▲ +0.8% vs 04-2025
06-2025: 0.3%● 0.0% vs 05-2025
07-2025: 0.3%▲ +13.2% vs 06-2025
08-2025: 0.3%▲ +8.6% vs 07-2025
09-2025: 0.3%▼ -0.3% vs 08-2025
10-2025: 0.4%▲ +22.7% vs 09-2025
11-2025: 0.9%▲ +127% vs 10-2025
12-2025: 0.9%● 0.0% vs 11-2025
01-2026: 0.9%● 0.0% vs 12-2025
02-2026: 0.9%▼ -0.1% vs 01-2026
03-2026: 1.0%▲ +5.6% vs 02-2026
04-2026: 1.0%● 0.0% vs 03-2026
05-2026: 1.0%● 0.0% vs 04-2026
06-2026: 1.0%● 0.0% vs 05-2026
07-2026: 1.0%▲ +6.2% vs 06-2026
08-2026: 1.0%● 0.0% vs 07-2026
09-2026: 1.0%▼ -2.6% vs 08-2026
10-2026: 1.1%▲ +12.6% vs 09-2026highest value
- Loss of €50,555 (FY 2025) raises the probability
- Size: total assets €423,438 lowers the probability for this profile
- Equity €17,598 (4.2% of total assets) raises the probability
- Sector Wholesale trade (NACE 46) raises the probability
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.75 against 1.24 in 2024; short-term debt: 57.9% and cash: 8.3% of total assets), and 95.8% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 19%, liquidity 28%, profitability 13%, growth against the median 6%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 13458 sector peers (2025).
NBB · sector comparisonPosition among 13458 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 24-10-2025, 7 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
7 d early
2024
2 d early
2023
on the day
2022
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 3 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 29 October (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close04-10-2026 today31-10-2026 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€50,555
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 7
- Since
- 2022
- Next accounts
- by 31-10-2026
- 24-10-2025Annual accounts filed
- 31-03-2025Weakest financial year
- 29-10-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale of beverages, general rangeNACE 46349
- Founded
- 04-10-2016
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
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