MSMP

Active Private limited companyfounded 2014active for 12 yearsSainte-Anne 14, 6560 ErquelinnesKBO/BCE: BE 0552.986.409

MSMP

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Overview

Lifetime

11 annual accounts with figures on one time axis

Compare with

peak €37,324 (2016)

-€1,671▲ €724

lowest -€19,609 (2019)

-€2,200▲ €650

peak €32,129 (2017)

-€8,050▼ €2,200

€292,912▲ 0.9%

Board2 names since 2022

2 directors and 1 other

Documentsfilings and deeds

25-08-202625 days late

2025micro format

Gross margin from -€2,396 to -€1,671Loss of €2,200Equity from -€5,850 to -€8,050Cash from €445 to €606

Key points

from the 2025 annual accounts

Equity

-€8,050

Debts exceed assets in financial year 2025.

Losses

-€52,578 in eight years

Every financial year from 2018 to 2025 closed with a loss. 2019 was the heaviest.

Debts

€292,912 103% of the balance sheet

After one year 98%Within one year 2%

Of this, €4,750 falls due within a year.

2025 accounts filed 25 days after the deadlineTurnover not published (micro format)

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 2,333 companies had the same profile as MSMP has now. Each dot stands for 6 companies, two years later.

90.6%

were still trading

5.8%

stopped another way

2.8%

went bankrupt

Micro
10 to 20 years old
negative equity
a small loss

Another 0.8% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,448 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	3.0%	3.1%
10	5.6%	6.2%

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 2,333 companies, not a prediction for MSMP. 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

Director, since 23-01-2023

Board & ownership

Recent changes

18-12-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0552986409

31-01-2023

Registered office moved to Erquelinnes New registered office: rue Sainte Anne 14, 6560 ERQUELINNES · Change of role: , from manager to director · Appointment: (director) · General meeting of 26-01-2023 · Gazette deed

27-05-2014

Incorporation published on 30-05-2014 · Gazette deed

27-05-2014

First establishment Sainte-Anne 14, Erquelinnes

All 18 events

Comparable companies

same main activity, similar in size and age

Company
MSMP Erquelinnes	€284,863	-€1,671	-2.8%	-
PLAXIM Tournai	€341,400	-€52,407	-252.7%	0
VESALIUS CONSTRUCT Brussels	€305,591	-€3,811	96.7%	0
CAPAR-INVEST Zemst	€304,954	-€1,747	50.4%	-
SCHOUKENS PROJECT Opwijk	€331,198	-€4,432	92.3%	-
TWAALF Knokke-Heist	€347,232	-€18,867	81.6%	-
UNION B Antwerp	€329,767	-€1,232	20.5%	-

These companies have the same main activity as MSMP: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €305,000 and €347,000, founded between 2014 and 2015.

Official details

Source: KBO

Status: Active since 27-05-2014Normal situation
Activity: Buying and selling of own real estateNACE 68110and 3 others
Establishment unit: 2.232.164.1966560 Erquelinnes, since 27-05-2014
Financial year end: 31 December
Peppol: Reachable since 18-12-2025

Company details

Annual accounts 2025

: -€1,671▲ 30.2%
: €2,200▼ 22.8%
: -€8,050▼ 37.6%
: €284,863▲ 0.2%
Filing: Filed on 25-08-2026

Financials

Insights on MSMP

MSMP files the micro format. That format states no turnover. The gross margin fell from €29,674 in 2015 to -€1,671 in 2025.

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

Financials

Annual accounts 2025

micro format, filed on 25-08-2026, 25 days late

-€1,671

▲ €724

-€2,071

▲ €712

-€2,200

▲ €650

€280,113

▼ 1.1%

-2.8%

▼ 0.8 percentage points

59.97

Turnover and EBIT margin are not published. The micro format does not require them.

Balance sheet

balance sheet total €284,863 on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

-2.8%

Higher than 18% of 17,199 companies in 2025.

59.97

Higher than 95% of 16,496 companies in 2025.

-0.8%

Higher than 32% of 16,875 companies in 2025.

MSMP Middle half of the sector 80% of the sector Micro accounts in real estate (NACE 68)

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

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Balance sheet: assets
`20/58`	284,863	284,365	284,034	591	2,449	16,058	27,245	51,271	61,094	35,712	31,129
`20`	-	-	-	-	-	-	-	0	-	-	-
`21/28`	-	-	-	0	760	1,140	1,520	13,881	18,509	607	2,065
`21`	-	-	-	0	760	1,140	1,520	0	-	296	1,007
`22/27`	-	-	-	-	-	-	0	13,881	18,509	311	1,058
`22`	-	-	-	-	-	-	-	0	-	-	-
`23`	-	-	-	-	-	-	-	0	-	-	-
`24`	-	-	-	-	-	-	0	13,881	18,509	311	1,058
`26`	-	-	-	-	-	-	-	0	-	-	-
`27`	-	-	-	-	-	-	-	0	-	-	-
`28`	-	-	-	-	-	-	-	0	-	-	-
`29/58`	284,863	284,365	284,034	591	1,689	14,918	25,725	37,390	42,585	35,105	29,064
`29`	-	-	-	-	0	12,500	20,000	0	-	-	-
`290`	-	-	-	-	-	-	-	0	-	-	-
`291`	-	-	-	-	0	12,500	20,000	0	-	-	-
`3`	281,054	281,054	281,054	-	-	-	-	0	-	-	-
`30/36`	281,054	281,054	281,054	-	-	-	-	0	-	-	-
`37`	-	-	-	-	-	-	-	0	-	-	-
`40/41`	3,203	2,865	2,376	590	1,635	626	5,707	34,613	37,583	25,969	17,931
`40`	-	-	-	0	1,271	626	5,707	8,289	1,872	714	22
`41`	3,203	2,865	2,376	590	364	-	0	26,324	35,711	25,255	17,909
`50/53`	-	-	-	-	-	-	-	0	-	-	-
`54/58`	606	445	603	0	1	1,678	19	1,245	4,349	8,841	11,010
`490/1`	-	-	-	0	53	115	0	1,531	652	295	123
Balance sheet: equity and liabilities
`10/49`	284,863	284,365	284,034	591	2,449	16,058	27,245	51,271	61,094	35,712	31,129
`10/15`	-8,050	-5,850	-2,999	-9,856	-5,542	5,270	11,884	31,493	32,129	17,520	7,000
`10/11`	18,600	18,600	18,600	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400
`11`	-	-	-	-	-	-	-	0	-	-	-
`1100/10`	-	-	-	-	-	-	-	0	-	-	-
`12`	-	-	-	-	-	-	-	0	-	-	-
`13`	1,860	1,860	1,860	1,860	1,860	1,860	11,780	12,380	12,380	11,320	800
`130/1`	200	200	200	200	200	200	-	0	-	-	-
`130`	-	-	-	-	-	-	1,860	2,460	2,460	1,400	800
`1311`	200	200	200	200	200	200	-	-	-	-	-
`1312`	-	-	-	-	-	-	-	0	-	-	-
`1319`	-	-	-	-	-	-	-	0	-	-	-
`132`	-	-	-	-	-	0	9,920	9,920	9,920	9,920	-
`133`	1,660	1,660	1,660	1,660	1,660	1,660	-	0	-	-	-
`14`	-28,510	-26,310	-23,459	-17,916	-13,602	-2,790	-6,096	12,913	13,549	-	-
`15`	-	-	-	-	-	-	-	0	-	-	-
`19`	-	-	-	-	-	-	-	0	-	-	-
`16`	-	-	-	-	-	-	-	0	-	-	-
`160/5`	-	-	-	-	-	-	-	0	-	-	-
`160`	-	-	-	-	-	-	-	0	-	-	-
`161`	-	-	-	-	-	-	-	0	-	-	-
`162`	-	-	-	-	-	-	-	0	-	-	-
`163`	-	-	-	-	-	-	-	0	-	-	-
`164/5`	-	-	-	-	-	-	-	0	-	-	-
`168`	-	-	-	-	-	-	-	0	-	-	-
`17/49`	292,912	290,214	287,033	10,446	7,990	10,788	15,361	19,778	28,965	18,192	24,129
`17`	288,121	289,070	286,154	-	-	-	0	7,553	12,793	-	-
`170/4`	-	-	-	-	-	-	0	7,553	12,793	-	-
`175`	-	-	-	-	-	-	-	0	-	-	-
`176`	-	-	-	-	-	-	-	0	-	-	-
`178/9`	288,121	289,070	286,154	-	-	-	-	0	-	-	-
`42/48`	4,750	1,114	773	10,210	7,751	10,566	15,218	12,195	16,172	18,192	24,125
`42`	-	-	-	-	-	-	0	5,240	5,166	-	-
`43`	-	0	336	4,977	4,979	4,967	4,933	0	-	-	-
`430/8`	-	0	336	4,977	4,979	4,967	4,933	0	-	-	-
`439`	-	-	-	-	-	-	-	0	-	-	-
`44`	0	114	436	3,559	1,085	4,187	4,355	6,078	2,641	836	1,888
`440/4`	0	114	436	3,559	1,085	4,187	4,355	6,078	2,641	836	1,888
`441`	-	-	-	-	-	-	-	0	-	-	-
`46`	-	-	-	-	-	-	-	0	-	-	-
`45`	-	-	-	0	511	952	2,664	876	3,366	3,197	7,849
`450/3`	-	-	-	0	511	952	2,664	876	3,366	3,197	7,849
`454/9`	-	-	-	-	-	-	-	0	-	-	-
`47/48`	4,750	1,000	0	1,674	1,176	460	3,267	0	5,000	14,160	14,388
`492/3`	42	31	106	236	239	222	143	30	-	-	4
Income statement
`76A`	-	-	0	300	-	-	-	0	-	-	-
`9900`	-1,671	-2,396	-4,631	-2,380	-7,949	-3,778	-15,029	5,599	33,471	37,324	29,674
`62`	-	-	-	-	-	-	-	0	-	-	-
`630`	-	-	0	760	380	380	380	4,627	5,235	1,458	3,207
`631/4`	-	-	-	0	570	-	-	0	-	-	-
`635/8`	-	-	-	-	-	-	-	0	-	-	-
`640/8`	400	387	467	348	813	1,384	1,222	783	679	398	789
`649`	-	-	-	-	-	-	-	0	-	-	-
`66A`	-	-	-	-	-	0	1,881	0	-	-	-
`9901`	-2,071	-2,783	-5,099	-3,488	-9,712	-5,542	-18,512	190	27,557	35,469	25,678
`75/76B`	-	-	-	-	-	0	5	213	9	2	1
`75`	-	-	-	-	-	0	5	213	9	2	1
`76B`	-	-	-	-	-	-	-	0	-	-	-
`65/66B`	129	67	445	826	1,099	1,072	1,034	541	782	252	111
`65`	129	67	445	826	1,099	1,072	1,034	541	782	252	111
`66B`	-	-	-	-	-	-	-	0	-	-	-
`9903`	-2,200	-2,850	-5,544	-4,314	-10,811	-6,614	-19,542	-139	26,784	35,219	25,568
`67/77`	-	-	-	-	-	0	67	497	7,176	13,739	10,380
`9904`	-2,200	-2,850	-5,544	-4,314	-10,811	-6,614	-19,609	-635	19,609	21,480	15,188
`789`	-	-	-	-	0	9,920	-	0	-	-	-
`689`	-	-	-	-	-	-	-	0	-	9,920	-
`9905`	-2,200	-2,850	-5,544	-4,314	-10,811	3,306	-19,609	-635	19,609	11,560	15,188
Appropriation of the result
`9906`	-28,510	-26,310	-23,459	-17,916	-13,602	-2,790	-6,696	12,913	19,609	11,560	15,188
`14P`	-26,310	-23,459	-17,916	-13,602	-2,790	-	-	-	-	-	-
`791/2`	-	-	-	-	-	0	600	0	-	-	-
`691/2`	-	-	-	-	-	-	-	0	1,060	600	800
`691`	-	-	-	-	-	-	-	0	-	-	-
`6920`	-	-	-	-	-	-	-	0	1,060	600	800
`6921`	-	-	-	-	-	-	-	0	-	-	-
`694/7`	-	-	-	-	-	-	-	0	5,000	10,960	14,388
`694`	-	-	-	-	-	-	-	0	-	10,960	14,388
`695`	-	-	-	-	-	-	-	0	5,000	-	-
`696`	-	-	-	-	-	-	-	0	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 25-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 25 days after the deadline. Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00431780.

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	25-08-2026	2026-00431780	PDF
31-12-2024	micro format	27-06-2025	2025-00191625	PDF
31-12-2023	micro format	10-07-2024	2024-00229945	PDF
31-12-2022	micro format	07-07-2023	2023-00213142	PDF
31-12-2021	micro format	15-06-2022	2022-20068107	PDF
31-12-2020	micro format	15-09-2021	2021-67400394	PDF
31-12-2019	micro format	04-09-2020	2020-51500397	PDF
31-12-2018	micro format	30-08-2019	2019-62300284	PDF
31-12-2017	micro format	27-08-2018	2018-51100310	PDF
31-12-2016	micro format	18-07-2017	2017-32900258	PDF
31-12-2015	full format	26-08-2016	2016-47900196	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
-	-	-5,099	-2,728	-9,332	-5,162	-18,132	4,817	32,792	36,927	28,885
-	-	-5,544	-3,554	-10,431	-6,234	-19,229	3,992	24,843	22,938	18,395
0	-	0	0	0	0	1,900	0	23,136	0	4,373
161	-158	603	-1	-1,677	1,659	-1,226	-3,104	-4,492	-2,169	-
280,113	283,251	283,261	-9,620	-6,063	4,352	10,508	25,195	26,413	16,913	4,939
-2.8%	-2.1%	-1.1%	-	-	32.8%	43.6%	61.4%	52.6%	49.1%	22.5%
59.97	-	-	-	-	1.41	1.69	3.07	2.63	1.93	1.20
0.80	2.97	3.86	-	-	1.41	1.69	3.07	2.63	1.93	1.20
-	-	-	-	-	2.05	1.29	0.63	0.90	1.04	3.45
-	-	-	-	-	-125.5%	-165.0%	-2.0%	61.0%	122.6%	217.0%
-0.8%	-1.0%	-2.0%	-	-	-41.2%	-72.0%	-1.2%	32.1%	60.1%	48.8%
-	-	-11.46	-3.30	-8.49	-	-	-	-	-	-

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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

Item	2025	2024	2023	2022	2021
Financial fixed assets	€0	-	-	-	-
	-	-	€0	€760	€380

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

Insights on MSMP

The operating result for 2025 is a loss of €2,071, smaller than the loss of €2,783 in 2024.

Equity is negative. Debt (€292,912) exceeds the balance-sheet total (€284,863).

Board & ownership

Board

2 directors, last change in 2023

Director (not named in the articles)

since 23-01-2023 term without a fixed end

listed in the 2025 annual accounts, filed on 25-08-2026

Director (not named in the articles)

since 23-01-2023 term without a fixed end

earlier manager, until 31-01-2023

listed in the 2025 annual accounts, filed on 25-08-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Director (not named in the articles)

BoardEarliermandate already running before its first mention

Mandates as a list

- Director (not named in the articles), since before 31-12-2022
- Director (not named in the articles), since before 31-12-2022
- Manager, until 31-01-2023

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

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution: €18,600
Source: 2025 annual accounts

Articles of association

deed of 31-01-2023 (in French)

Duration: Unlimited
Annual meeting: Second Tuesday of June at 17:00

Network & group

No group

MSMP has no parent and no holdings in its annual accounts. MSMP shares no director with another company.

Timeline

18 events since 2014

Board

Filings

Financial

Establishments

Address

2014201620182020202220242026

Deadline for the 2026 accounts: 31-07-2027

2026

25-08-2026

Annual accounts 2025 filed NBBmicro format · 25 days late

2025

18-12-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0552986409

27-06-2025

Annual accounts 2024 filed PDFmicro format · 34 days before the deadline

2024

10-07-2024

Annual accounts 2023 filed PDFmicro format · 21 days before the deadline

2023

31-12-2023

Liquidity more than 6354 times current ratio 367.63 The current ratio rises from 0.06 to 367.63. Short-term debt falls from €10,210 to €773.

07-07-2023

Annual accounts 2022 filed PDFmicro format · 24 days before the deadline

31-01-2023

Registered office moved to ErquelinnesNew registered office: rue Sainte Anne 14, 6560 ERQUELINNES · Change of role: , from manager to director · Appointment: (director) · General meeting of 26-01-20237 points ▸

Director resignation, (manager)
Director appointment, (director (not named in the articles))
Director appointment, (director (not named in the articles))
Permanent representative,
Registered-office move, rue Sainte Anne 14, 6560 ERQUELINNES
General meeting, 26-01-2023
Purpose change, “La consultance et l’aide administrative; L’achat,tant pour son compte propre que pour compte de ses associés,la vente de toutes valeurs mobilières et plus…” (deed in French)
The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

2022

15-06-2022

Annual accounts 2021 filed PDFmicro format · 46 days before the deadline

2021

15-09-2021

Annual accounts 2020 filed PDFmicro format · 46 days late

2020

04-09-2020

Annual accounts 2019 filed PDFmicro format · 35 days late

2019

31-12-2019

Weakest financial year net -€19,609 The net result drops to -€19,609, the lowest from 2015 to 2025. It recovers the following year.

30-08-2019

Annual accounts 2018 filed PDFmicro format · 30 days late

2018

27-08-2018

Annual accounts 2017 filed PDFmicro format · 27 days late

2017

18-07-2017

Annual accounts 2016 filed PDFmicro format · 13 days before the deadline

2016

31-12-2016

Highest result from 2015 to 2025 net €21,480 ▲41.4% The operating result of €35,469 and the net result of €21,480 are both a record.

26-08-2016

Annual accounts 2015 filed PDFfull format · 26 days late

2014

27-05-2014

Incorporation PDFpublished on 30-05-2014

27-05-2014

First establishment Sainte-Anne 14, Erquelinnes

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

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

On 27 May 2014, MSMP was incorporated.¹ In 2023 the registered office moved to Erquelinnes.² Total assets went from €51,271 in 2018 to €284,863 in 2025.³

Company details

Identity

Enterprise number: 0552.986.409
VAT number: BE 0552.986.409
Peppol ID: 0208:0552986409
Other Peppol ID: 9925:BE0552986409
Legal form: Private limited company
Status: Active, normal situation
Founded: 27-05-2014
Financial year: ends on 31 December
Annual meeting: Second Tuesday of June at 17:00
deed of 31-01-2023 (in French)
Peppol: Reachable since 18-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: MSMP in French
Entity type: Legal entity
Duration: Unlimited
deed of 31-01-2023 (in French)

Activities

NACEBEL 2025

68110 Buying and selling of own real estate main activity

46641 Wholesale trade

73300 Public relations and communication consultancy

77223 Rental and leasing activities

Codes under NACEBEL 2008

68100 Real estate activities main activity

46691 Wholesale trade

70210 Activities of head offices; management consultancy activities

77293 Rental and leasing activities

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Sainte-Anne 14 registered office 6560 Erquelinnes	27-05-2014	2.232.164.196

Contact

E-mail dufaux.sylvie@mdssa.be establishment in Erquelinnes

Phone +32 477 85 74 66 establishment in Erquelinnes

Overview

Lifetime

Key points

Equity

Losses

Debts

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on MSMP

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-2.8%

Current ratio59.97

Return on assets-0.8%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on MSMP

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

No group

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Contact

in euro

in euro

-2.8%

59.97

-0.8%