MSPCO
InactiveInactive; last annual accounts for fiscal year 2024.
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 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
35 d early
2022
46 d early
2021
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 23 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€65,000
EBIT margin
95.0%
Net result
€91,255▲ 109%
2023 · €43,625
Working capital
€1.7m▲ 5.6%
2023 · €1.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€65,000
Operating result-€151,030--€22,897▲ 84.8%€24,300€61,780▲ 154%
Net result-€121,161-€891€43,625▲ 4,796%€91,255▲ 109%
EBIT margin95.0%
Equity€10.3m-€10.3m=€10.6m▲ 2.6%€10.7m▲ 0.9%
Total assets€10.5m-€10.7m▲ 1.7%€10.6m▼ 0.4%€10.7m▲ 0.6%
Debt€166,388-€346,260▲ 108%€31,483▼ 90.9%€6,440▼ 79.5%
Working capital€1.5m-€1.6m▲ 10.7%€1.6m▼ 0.4%€1.7m▲ 5.6%
Staff (FTE)0
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 154% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.7m
Fixed assets
€9.0m =
Current assets
€1.7m ▲ 4.0%
Equity and liabilities €10.7m
Equity
€10.7m ▲ 0.9%
Debt
€6,440 ▼ 79.5%
Debt's share of the balance-sheet total falls from 0.3% to 0.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62,059▲
2023 · €27,056
Cash flow
€91,533▲
2023 · €46,382
Debt to equity
0.00▼
2023 · 0.00
ROE
0.9%▲
2023 · 0.4%
ROA
0.9%▲
2023 · 0.4%
Debt ≤ 1 year
€6,440▼
2023 · €31,483
Income taxes
€5,473
A ratio outside any meaningful range has been withheld (balance sheet total €10.7m, equity €10.7m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €65,000 | - |
| Turnover70 | - | - | - | €65,000 | - |
| Operating charges60/66A | - | - | - | €3,220 | - |
| Services and other goods61 | - | - | - | €1,807 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,927 | €2,980 | €2,756 | €278 | ▼ 89.9% |
| Other operating charges640/8 | €695 | €469 | €1,092 | €1,135 | ▲ 3.9% |
| Non-recurring operating charges66A | - | €15,509 | €31,922 | €0 | ▼ 100% |
| Gross operating margin9900 | -€147,408 | -€3,938 | €60,070 | - | - |
| Operating profit (loss)9901 | -€151,030 | -€22,897 | €24,300 | €61,780 | ▲ 154% |
| Financial income75/76B | €30,375 | €27,000 | €27,000 | €35,213 | ▲ 30.4% |
| Recurring financial income75 | €30,375 | €27,000 | €27,000 | €35,213 | ▲ 30.4% |
| Income from current assets751 | - | - | - | €35,213 | - |
| Financial charges65/66B | €507 | €3,212 | €7,674 | €266 | ▼ 96.5% |
| Recurring financial charges65 | €507 | €3,212 | €7,674 | €266 | ▼ 96.5% |
| Debt charges650 | - | - | - | €0 | - |
| Other financial charges652/9 | - | - | - | €266 | - |
| Profit (loss) for the period before taxes9903 | -€121,161 | €891 | €43,625 | €96,728 | ▲ 122% |
| Income taxes67/77 | - | - | - | €5,473 | - |
| Taxes670/3 | - | - | - | €5,473 | - |
| Profit (loss) for the period9904 | -€121,161 | €891 | €43,625 | €91,255 | ▲ 109% |
| Profit (loss) for the period to be appropriated9905 | -€121,161 | €891 | €43,625 | €91,255 | ▲ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €10.5m | €10.7m | €10.6m | €10.7m | ▲ 0.6% |
| Formation expenses20 | €6,015 | €3,034 | €278 | €0 | ▼ 100% |
| Fixed assets21/28 | €9.0m | €9.0m | €9.0m | €9.0m | = |
| Financial fixed assets28 | €9.0m | €9.0m | €9.0m | €9.0m | = |
| Affiliated companies280/1 | - | - | - | €9.0m | - |
| Participating interests280 | - | - | - | €9.0m | - |
| Current assets29/58 | €1.5m | €1.7m | €1.7m | €1.7m | ▲ 4.0% |
| Amounts receivable after more than one year29 | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Other amounts receivable291 | €1.4m | €1.4m | €1.4m | €1.4m | = |
| Stocks and contracts in progress3 | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €80,038 | €239,470 | €258,309 | €341,218 | ▲ 32.1% |
| Trade receivables40 | €72,631 | €217,579 | €117,217 | €0 | ▼ 100% |
| Other amounts receivable41 | €7,407 | €21,891 | €141,092 | €341,218 | ▲ 142% |
| Cash at bank and in hand54/58 | €52,221 | €79,774 | €18,364 | €2,078 | ▼ 88.7% |
| Deferred charges and accrued income490/1 | €30,375 | €27,133 | €27,133 | €27,000 | ▼ 0.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €10.5m | €10.7m | €10.6m | €10.7m | ▲ 0.6% |
| Equity10/15 | €10.3m | €10.3m | €10.6m | €10.7m | ▲ 0.9% |
| Contributions10/11 | €10.4m | €10.4m | €10.7m | €10.7m | = |
| Profit (loss) carried forward14 | -€121,161 | -€120,270 | -€76,645 | €14,610 | ▲ 119% |
| Amounts payable17/49 | €166,388 | €346,260 | €31,483 | €6,440 | ▼ 79.5% |
| Amounts payable after more than one year17 | €125,000 | €275,000 | €0 | - | - |
| Financial debts170/4 | €125,000 | €275,000 | €0 | - | - |
| Amounts payable within one year42/48 | €41,034 | €67,936 | €31,483 | €6,440 | ▼ 79.5% |
| Trade debts44 | €41,034 | €67,936 | €960 | €968 | ▲ 0.8% |
| Suppliers440/4 | €41,034 | €67,936 | €960 | €968 | ▲ 0.8% |
| Taxes, remuneration and social security45 | - | - | €30,523 | €5,473 | ▼ 82.1% |
| Taxes450/3 | - | - | €30,523 | €5,473 | ▼ 82.1% |
| Accrued charges and deferred income492/3 | €354 | €3,324 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€121,161 | €891 | €43,625 | €91,255 | ▲ 109% |
| + Depreciation and write-downs630 | €2,927 | €2,980 | €2,756 | €278 | ▼ 89.9% |
| Operating cash flow (approximation) | -€118,234 | €3,871 | €46,382 | €91,533 | ▲ 97.3% |
| Investment in fixed assets (approximation) | - | -€2,980 | -€2,756 | -€278 | ▲ 89.9% |
| Change in cash | - | €27,553 | -€61,410 | -€16,286 | ▲ 73.5% |
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2021net €91,255 ▲109%
Operating result €61,780, net result €91,255, both a record.
31-12
Financial
Liquidity times 5current ratio 267.12
Current ratio from 52.53 to 267.12; short-term debt falls from €31,483 to €6,440.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 52.53
Current ratio from 24.97 to 52.53; short-term debt falls from €67,936 to €31,483.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €891
Net result €891 after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 holding · 5 subsidiaries in the treeOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
All subsidiaries, including indirect ones 5
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
According to the 2024 annual accounts of MSPCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.