Summary
MSP Group is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €76.87M and a net result of €-603k. Its solvency ranks better than 56% of 2399 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 08-05-2026, 84 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
84 d early
2024
20 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Equity
€76.87M▼ 0.8%
2024 · €77.47M
2024: €77.47M
2025: €76.87M▼ -0.8% vs 2024
2024 → 2025
Net result
€-603k▲ 79.4%
2024 · €-2.93M
2024: €-2.93M
2025: €-603k▲ +79.4% vs 2024
2024 → 2025
Total assets
€112.26M▼ 3.0%
2024 · €115.71M
2024: €115.71M
2025: €112.26M▼ -3.0% vs 2024
2024 → 2025
Solvency
68.5%▲ 1.5pp
2024 · 67.0%
2024: 67.0%
2025: 68.5%▲ +2.3% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Turnover€2.07M-€1.81M▼ 12.5%
2024: €2.07M
2025: €1.81M▼ -12.5% vs 2024
Equity€77.47M-€76.87M▼ 0.8%
2024: €77.47M
2025: €76.87M▼ -0.8% vs 2024
Operating result€-208k-€818k
2024: €-208k
2025: €818k▲ +493% vs 2024
Net result€-2.93M-€-603k▲ 79.4%
2024: €-2.93M
2025: €-603k▲ +79.4% vs 2024
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €818k after a loss of €208k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110.47M
Fixed assets
€103.41M =
Current assets
€7.06M ▼ 28.4%
Equity and liabilities €112.26M
Equity
€76.87M ▼ 0.8%
Debt
€35.38M ▼ 7.5%
Debt's share of the balance-sheet total falls from 33.0% to 31.5%. Equity and debt are lower.
Key figures and ratios
ROE
-0.8%▲
2024 · -3.8%
ROA
-0.5%▲
2024 · -2.5%
Debt ≤ 1 year
€2.98M▲
2024 · €2.92M
Debt > 1 year
€32.00M▼
2024 · €34.67M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€115.71M€112.26M▼
Formation expenses20€2.44M€1.79M▼
Fixed assets21/28€103.41M€103.41M=
Intangible fixed assets21€57k€58k▲
Financial fixed assets28€103.35M€103.35M=
Affiliated companies280/1€103.35M€103.35M=
Participating interests280€103.35M€103.35M=
Current assets29/58€9.87M€7.06M▼
Amounts receivable within one year40/41€9.71M€6.92M▼
Trade receivables40€183k€183k=
Other amounts receivable41€9.53M€6.74M▼
Cash at bank and in hand54/58€115k€117k▲
Deferred charges and accrued income490/1€39k€22k▼
Equity and liabilities
Total equity and liabilities10/49€115.71M€112.26M▼
Equity10/15€77.47M€76.87M▼
Contributions10/11€80.41M€80.41M=
Profit (loss) carried forward14€-2.93M€-3.54M▼
Amounts payable17/49€38.24M€35.38M▼
Amounts payable after more than one year17€34.67M€32.00M▼
Financial debts170/4€34.67M€32.00M▼
Credit institutions173€34.67M€32.00M▼
Amounts payable within one year42/48€2.92M€2.98M▲
Current portion of amounts payable after more than one year42€2.67M€2.67M=
Trade debts44€254k€216k▼
Suppliers440/4€254k€216k▼
Taxes, remuneration and social security45-€98k
Remuneration and social security454/9-€98k
Accrued charges and deferred income492/3€647k€403k▼
Income statement
Code20242025
Operating income70/76A€2.47M€3.55M▲
Turnover70€2.07M€1.81M▼
Other operating income74€403k€1.74M▲
Operating charges60/66A€2.68M€2.73M▲
Services and other goods61€1.87M€2.07M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€813k€664k▼
Other operating charges640/8€2k€585▼
Operating profit (loss)9901€-208k€818k▲
Financial income75/76B€631k€458k▼
Recurring financial income75€631k€458k▼
Income from current assets751€631k€458k▼
Other financial income752/9€3-
Financial charges65/66B€3.36M€1.88M▼
Recurring financial charges65€3.36M€1.88M▼
Debt charges650€3.14M€1.79M▼
Other financial charges652/9€222k€93k▼
Profit (loss) for the period before taxes9903€-2.93M€-603k▲
Profit (loss) for the period9904€-2.93M€-603k▲
Profit (loss) for the period to be appropriated9905€-2.93M€-603k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.93M€-3.54M▼
Profit (loss) brought forward from the previous period14P-€-2.93M
The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Operating income70/76A | €2.47M | €3.55M | ▲ 43.6% |
| Turnover70 | €2.07M | €1.81M | ▼ 12.5% |
| Other operating income74 | €403k | €1.74M | ▲ 331% |
| Operating charges60/66A | €2.68M | €2.73M | ▲ 2.0% |
| Services and other goods61 | €1.87M | €2.07M | ▲ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €813k | €664k | ▼ 18.4% |
| Other operating charges640/8 | €2k | €585 | ▼ 62.6% |
| Operating profit (loss)9901 | €-208k | €818k | ▲ 493% |
| Financial income75/76B | €631k | €458k | ▼ 27.4% |
| Recurring financial income75 | €631k | €458k | ▼ 27.4% |
| Income from current assets751 | €631k | €458k | ▼ 27.4% |
| Other financial income752/9 | €3 | - | - |
| Financial charges65/66B | €3.36M | €1.88M | ▼ 44.0% |
| Recurring financial charges65 | €3.36M | €1.88M | ▼ 44.0% |
| Debt charges650 | €3.14M | €1.79M | ▼ 43.1% |
| Other financial charges652/9 | €222k | €93k | ▼ 58.0% |
| Profit (loss) for the period before taxes9903 | €-2.93M | €-603k | ▲ 79.4% |
| Profit (loss) for the period9904 | €-2.93M | €-603k | ▲ 79.4% |
| Profit (loss) for the period to be appropriated9905 | €-2.93M | €-603k | ▲ 79.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €115.71M | €112.26M | ▼ 3.0% |
| Formation expenses20 | €2.44M | €1.79M | ▼ 26.7% |
| Fixed assets21/28 | €103.41M | €103.41M | = |
| Intangible fixed assets21 | €57k | €58k | ▲ 1.9% |
| Financial fixed assets28 | €103.35M | €103.35M | = |
| Affiliated companies280/1 | €103.35M | €103.35M | = |
| Participating interests280 | €103.35M | €103.35M | = |
| Current assets29/58 | €9.87M | €7.06M | ▼ 28.4% |
| Amounts receivable within one year40/41 | €9.71M | €6.92M | ▼ 28.7% |
| Trade receivables40 | €183k | €183k | = |
| Other amounts receivable41 | €9.53M | €6.74M | ▼ 29.3% |
| Cash at bank and in hand54/58 | €115k | €117k | ▲ 1.8% |
| Deferred charges and accrued income490/1 | €39k | €22k | ▼ 44.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €115.71M | €112.26M | ▼ 3.0% |
| Equity10/15 | €77.47M | €76.87M | ▼ 0.8% |
| Contributions10/11 | €80.41M | €80.41M | = |
| Profit (loss) carried forward14 | €-2.93M | €-3.54M | ▼ 20.6% |
| Amounts payable17/49 | €38.24M | €35.38M | ▼ 7.5% |
| Amounts payable after more than one year17 | €34.67M | €32.00M | ▼ 7.7% |
| Financial debts170/4 | €34.67M | €32.00M | ▼ 7.7% |
| Credit institutions173 | €34.67M | €32.00M | ▼ 7.7% |
| Amounts payable within one year42/48 | €2.92M | €2.98M | ▲ 2.0% |
| Current portion of amounts payable after more than one year42 | €2.67M | €2.67M | = |
| Trade debts44 | €254k | €216k | ▼ 14.9% |
| Suppliers440/4 | €254k | €216k | ▼ 14.9% |
| Taxes, remuneration and social security45 | - | €98k | - |
| Remuneration and social security454/9 | - | €98k | - |
| Accrued charges and deferred income492/3 | €647k | €403k | ▼ 37.7% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-2.93M | €-603k | ▲ 79.4% |
| + Depreciation and write-downs630 | €813k | €664k | ▼ 18.4% |
| Operating cash flow (approximation) | €-2.12M | €61k | ▲ 103% |
| Investment in fixed assets (approximation) | - | €-665k | - |
| Change in cash | - | €2k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
15-04
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
State Gazette actNBB filing
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
10 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, Kontich · 1 establishment unit since 2023
Ground area
5.2 ha
Building footprint
5,634 m²
Volume, LiDAR
39,838 m³
Parcel 11024B0077/00M000, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
30
companies at this address
See who is registered here
1 establishment unit
MSP Group
since 20232.349.493.319
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0077/00M000 | Flanders | 5.2 ha | 1 · 5,634 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
4 locations
Recognitions · licences · registrations
Legal Entity Identifier
875500UIMK5IXWYV4A65
Similar companies · same sector, comparable size
Whitestone Group
BE 0467.731.030
Lasne · Eq €76.46M
Spacewell International
BE 0642.605.994
Antwerpen · Eq €76.41M
Vaessen Aluminium
BE 0897.218.326
Dilsen-Stokkem · Eq €77.40M
QSR Belgium
BE 0658.873.686
Antwerpen · Eq €76.34M
STOBART EUROPE HOLDING
BE 0685.402.394
Genk · Eq €77.68M
Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 2,128 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.