MSMPRO
ActiveMSMPRO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101k and a net result of €42k. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 129 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-23
Solvency41▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.43 in 2024; short-term debt: 20.5% and cash: 8.1% of total assets), and 83.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← 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
16.4%
Return on assets
6.9%
Age of the figures
12 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 129 sector peers (2025).
NBB · sector comparisonPosition among 129 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
30 d late
2023
31 d late
2022
28 d late
2021
25 d late
2020
1 d early
2019
26 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42k▼ 53.7%
2024 · €92k
2019: €62
2020: €8k
2021: €29k
2022: €32k
2023: €66k
2024: €92k
2019 → 2025
Working capital
€23k▼ 59.7%
2024 · €56k
2019: €19k
2020: €16k
2021: €10k
2022: €-6k
2023: €15k
2024: €56k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€27k▲ 7.3%€34k▲ 23.3%€61k▲ 81.4%€101k▲ 64.7%
Operating result€30k-€34k▲ 11.9%€66k▲ 96.7%€83k▲ 26.1%€44k▼ 47.6%
Net result€29k-€32k▲ 10.2%€66k▲ 108%€92k▲ 37.9%€42k▼ 53.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €616k
Fixed assets
€467k▲ 467%
Current assets
€149k▼ 20.7%
Equity and liabilities €616k
Equity
€101k▲ 64.7%
Debt
€515k▲ 147%
The debt ratio rises from 77.3% to 83.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€81k▼
2024 · €129k
Cash flow
€80k▼
2024 · €137k
Solvency
16.4%▼
2024 · 22.7%
Current ratio
1.18▼
2024 · 1.43
Quick ratio
1.12▼
2024 · 1.31
Debt / equity
5.10▲
2024 · 3.40
ROE
42.0%▼
2024 · 149.3%
ROA
6.9%▼
2024 · 33.9%
Interest coverage
10.13▼
2024 · 40.29
Debt
€515k▲
2024 · €209k
Debt ≤ 1 year
€126k▼
2024 · €132k
Debt > 1 year
€389k▲
2024 · €77k
Income taxes
€-250▼
2024 · €2k
Staff costs
€111k▲
2024 · €106k
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€270k€616k▲
Fixed assets21/28€82k€467k▲
Intangible fixed assets21-€0
Tangible fixed assets22/27€82k€467k▲
Plant, machinery and equipment23€12k€35k▲
Furniture and vehicles24€7k€8k▲
Leasing and similar rights25€63k€367k▲
Other tangible fixed assets26-€57k
Current assets29/58€188k€149k▼
Stocks and contracts in progress3€15k€8k▼
Stocks30/36€15k€8k▼
Amounts receivable within one year40/41€42k€86k▲
Trade receivables40€36k€60k▲
Other amounts receivable41€6k€26k▲
Cash at bank and in hand54/58€131k€50k▼
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€270k€616k▲
Equity10/15€61k€101k▲
Contributions10/11€19k€19k=
Reserves13-€42k
Distributable reserves133-€42k
Profit (loss) carried forward14€37k€37k=
Investment grants15€6k€3k▼
Amounts payable17/49€209k€515k▲
Amounts payable after more than one year17€77k€389k▲
Financial debts170/4€77k€389k▲
Amounts payable within one year42/48€132k€126k▼
Current portion of amounts payable after more than one year42€28k€79k▲
Trade debts44€21k€33k▲
Suppliers440/4€21k€33k▲
Taxes, remuneration and social security45€12k€14k▲
Taxes450/3-€896
Remuneration and social security454/9€12k€13k▲
Other amounts payable47/48€70k€240▼
Income statement
Code20242025
Remuneration, social security and pensions62€106k€111k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€37k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k-
Other operating charges640/8€867€456▼
Gross operating margin9900€245k€192k▼
Operating profit (loss)9901€83k€44k▼
Financial income75/76B€13k€7k▼
Recurring financial income75€13k€7k▼
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€93k€42k▼
Income taxes67/77€2k€-250▼
Profit (loss) for the period9904€92k€42k▼
Profit (loss) for the period to be appropriated9905€92k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€107k€79k▼
Profit (loss) brought forward from the previous period14P€15k€37k▲
Transfer to equity691/2-€42k
To other reserves6921-€42k
Profit to be distributed694/7€70k-
Directors or managers695€70k-
Social balance
Average headcount (FTE)90871.92.2▲
The notes to these accounts (13 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Equity above €100kEq €101k ▲64.7%
7 profitable years in a row build equity to €101k.
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
30-09
Financial
Highest result since 2019net €92k ▲37.9%
Operating result €83k, net result €92k, both a record.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
28-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-05-2022
CJIMMO: Resigned as Director
20-07-2021
CHAUFHEID Adrien Isabelle Cédric: Resigned as Managing director
Location & real-estate footprint
Registered office, Theux · 1 establishment unit since 2018
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.
Route du Fraineux 624910 TheuxGround area
4.1 ha
Building footprint
1,902 m²
Volume, LiDAR
11,798 m³
2 parcels, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MSMPRO
since 20182.275.182.807
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63059A0347/00N000 | Wallonia | 2.5 ha | 1 · 1,902 m² | 8.2 m · 2 fl. |
| 63044B0892/00B000 | Wallonia | 1.6 ha | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Similar companies · same sector, comparable size
KUUB
BE 0842.145.684
Tienen · Eq €101k
D.R.S.
BE 0455.443.407
Mons · Eq €102k
ALPA-DECOR
BE 0810.285.738
Merchtem · Eq €98k
L'ATELIER DE CHARLYE
BE 0768.725.196
Beauvechain · Eq €105k
Pro Office International
BE 0466.411.929
Boortmeerbeek · Eq €107k
Of 446 companies in sector 31001 we hold annual accounts for 208. 150 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-04-2018
Fiscal year end30-09
Activities, NACEBEL
31001Manufacture of furniture
31009Manufacture of furniture
31002Manufacture of furniture
31092Manufacture of furniture
46841Wholesale trade
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.