MSK HOLDING
ActiveMSK HOLDING has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.65M and a net result of €360k. Equity is growing by ~42% per year across the filed fiscal years. Its solvency ranks better than 92% of 2262 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 37.25 against 23.2 in 2024; short-term debt: 2.3% and cash: 15.3% of total assets), and 6.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.8%
Return on assets
20.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
16 d early
2024
1 d early
2023
23 d early
2022
15 d early
2021
11 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.65M▲ 27.9%
2024 · €1.29M
2021: €417k
2022: €564k
2023: €571k
2024: €1.29M
2021 → 2025
Total assets
€1.76M▲ 24.9%
2024 · €1.41M
2021: €443k
2022: €724k
2023: €801k
2024: €1.41M
2021 → 2025
Net result
€360k▼ 50.0%
2024 · €719k
2021: €176k
2022: €147k
2023: €7k
2024: €719k
2021 → 2025
Working capital
€1.45M▲ 34.0%
2024 · €1.08M
2021: €175k
2022: €373k
2023: €473k
2024: €1.08M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€417k-€564k▲ 35.3%€571k▲ 1.2%€1.29M▲ 126%€1.65M▲ 27.9%
Operating result€-6k-€4k€5k▲ 22.4%€95k▲ 1,810%€-4k
Net result€176k-€147k▼ 16.4%€7k▼ 95.4%€719k▲ 10,475%€360k▼ 50.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €95k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.76M
Fixed assets
€272k▼ 2.7%
Current assets
€1.49M▲ 31.7%
Equity and liabilities €1.76M
Equity
€1.65M▲ 27.9%
Debt
€110k▼ 7.4%
The debt ratio falls from 8.4% to 6.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▼
2024 · €102k
Cash flow
€367k▼
2024 · €726k
Solvency
93.8%▲
2024 · 91.6%
Current ratio
37.25▲
2024 · 23.20
Quick ratio
37.25▲
2024 · 23.20
Debt / equity
0.07▼
2024 · 0.09
ROE
21.8%▼
2024 · 55.7%
ROA
20.4%▼
2024 · 51.1%
Interest coverage
28.87▼
2024 · 91.35
Debt
€110k▼
2024 · €118k
Debt ≤ 1 year
€40k▼
2024 · €49k
Income taxes
€37k▼
2024 · €103k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.41M€1.76M▲
Fixed assets21/28€280k€272k▼
Tangible fixed assets22/27€38k€30k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€7k€4k▼
Other tangible fixed assets26€28k€24k▼
Financial fixed assets28€242k€242k=
Current assets29/58€1.13M€1.49M▲
Amounts receivable after more than one year29€27k€28k▲
Other amounts receivable291€27k€28k▲
Amounts receivable within one year40/41€851k€1.18M▲
Trade receivables40€145k€110k▼
Other amounts receivable41€706k€1.07M▲
Current investments50/53€0-
Cash at bank and in hand54/58€244k€270k▲
Deferred charges and accrued income490/1€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€1.41M€1.76M▲
Equity10/15€1.29M€1.65M▲
Contributions10/11€241k€241k=
Reserves13€1.05M€1.41M▲
Distributable reserves133€1.05M€1.41M▲
Amounts payable17/49€118k€110k▼
Amounts payable within one year42/48€49k€40k▼
Financial debts43€12k€0▼
Other loans439€12k€0▼
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€35k€30k▼
Taxes450/3€33k€30k▼
Remuneration and social security454/9€1k€0▼
Other amounts payable47/48€1k€8k▲
Accrued charges and deferred income492/3€70k€70k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€928€944▲
Gross operating margin9900€103k€5k▼
Operating profit (loss)9901€95k€-4k▼
Financial income75/76B€728k€401k▼
Recurring financial income75€728k€401k▼
Financial charges65/66B€1k€131▼
Recurring financial charges65€1k€131▼
Profit (loss) for the period before taxes9903€822k€397k▼
Income taxes67/77€103k€37k▼
Profit (loss) for the period9904€719k€360k▼
Profit (loss) for the period to be appropriated9905€719k€360k▼
Appropriation of the result
Profit (loss) to be appropriated9906€719k€360k▼
Transfer to equity691/2€719k€360k▼
To other reserves6921€719k€360k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €719k ▲10475%
Operating result €95k, net result €719k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 23.20
Current ratio from 10.83 to 23.20.
31-12
Financial
Equity above €1MEq €1.29M ▲126%
4 profitable years in a row build equity to €1.29M.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €7k ▼95.4%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €564k ▲35.3%
2 profitable years in a row build equity to €564k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial 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
Registered office, Dilsen-Stokkem · 1 establishment unit since 2020
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.
Dr. Lenstralaan 323650 Dilsen-StokkemGround area
2,323 m²
Building footprint
263 m²
Volume, LiDAR
730 m³
Parcel 72005C0545/00W000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MSK HOLDING
since 20202.306.565.968
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72005C0545/00W000 | Flanders | 2,323 m² | 1 · 263 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PATRICK LECLUYSE
BE 0870.445.336
Zwevegem · Eq €1.65M
Airelle
BE 0689.752.647
Welkenraedt · Eq €1.65M
RA-JA BV
BE 0803.765.952
Wuustwezel · Eq €1.66M
KELLEN
BE 0451.884.396
Sint-Pieters-Woluwe · Eq €1.66M
FORWARD Services
BE 0673.543.848
Hasselt · Eq €1.66M
Of 24,501 companies in sector 82990 we hold annual accounts for 9,396. 3,584 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-08-2020
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
64300Financial service activities, except insurance and pension funding
64310Financial service activities, except insurance and pension funding
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.