MSSL
ActiveSummary
MSSL has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,302 and a net result of €63,254. Its solvency ranks better than 82% of 15,782 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-06-2024 Normal situation
- Registered office
- 61 active companies are registered at this address 8 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Activities of lawyers NACE 69101
- Establishment unit
- 2.360.422.051 1000 Brussel, since 03-06-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €80,123
- ▲ 140%
- Turnover
- ≈ €190,000
- estimated
- Profit
- €63,254
- ▲ 148%
- Equity
- €90,302
- ▲ 234%
- Total assets
- €108,435
- ▲ 155%
Score breakdownraises riskFounded in 2024lowers riskSector: Legal and accounting activities (NACE 69)Liquidity: current ratio 5.94, cash €106,180Equity €90,302 (83.3% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro). It does better than 87% of them on solvency, 90% on liquidity, 82% on profitability and 96% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 31 days before the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 13-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 146% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €243 | €712 |
| Intangible fixed assets | €1,234 | - |
| Depreciation and write-downs of the year | €1,256 | €234 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,256 | €234 | ▼ 81.4% |
| Other operating charges640/8 | - | €787 | - |
| Gross operating margin9900 | €33,366 | €80,123 | ▲ 140% |
| Operating profit (loss)9901 | €32,111 | €79,102 | ▲ 146% |
| Financial income75/76B | - | €296 | - |
| Recurring financial income75 | - | €296 | - |
| Financial charges65/66B | €33 | €37 | ▲ 13.9% |
| Recurring financial charges65 | €33 | €37 | ▲ 13.9% |
| Profit (loss) for the period before taxes9903 | €32,078 | €79,362 | ▲ 147% |
| Income taxes67/77 | €6,530 | €16,108 | ▲ 147% |
| Profit (loss) for the period9904 | €25,548 | €63,254 | ▲ 148% |
| Profit (loss) for the period to be appropriated9905 | €25,548 | €63,254 | ▲ 148% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €42,585 | €108,435 | ▲ 155% |
| Fixed assets21/28 | €221 | €699 | ▲ 216% |
| Intangible fixed assets21 | €0 | - | - |
| Tangible fixed assets22/27 | €221 | €699 | ▲ 216% |
| Furniture and vehicles24 | €221 | €699 | ▲ 216% |
| Current assets29/58 | €42,364 | €107,737 | ▲ 154% |
| Amounts receivable within one year40/41 | €470 | €1,379 | ▲ 193% |
| Other amounts receivable41 | €470 | €1,379 | ▲ 193% |
| Cash at bank and in hand54/58 | €41,718 | €106,180 | ▲ 155% |
| Deferred charges and accrued income490/1 | €177 | €178 | ▲ 0.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €42,585 | €108,435 | ▲ 155% |
| Equity10/15 | €27,048 | €90,302 | ▲ 234% |
| Contributions10/11 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €25,548 | €88,802 | ▲ 248% |
| Amounts payable17/49 | €15,537 | €18,133 | ▲ 16.7% |
| Amounts payable within one year42/48 | €15,537 | €18,133 | ▲ 16.7% |
| Trade debts44 | €1,126 | €998 | ▼ 11.3% |
| Suppliers440/4 | €1,126 | €998 | ▼ 11.3% |
| Taxes, remuneration and social security45 | €9,772 | €17,135 | ▲ 75.3% |
| Taxes450/3 | €9,772 | €17,135 | ▲ 75.3% |
| Other amounts payable47/48 | €4,639 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €25,548 | €63,254 | ▲ 148% |
| + Depreciation and write-downs630 | €1,256 | €234 | ▼ 81.4% |
| Operating cash flow (approximation) | €26,804 | €63,488 | ▲ 137% |
| Investment in fixed assets (approximation) | - | -€712 | - |
| Change in cash | - | €64,462 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as MSSL has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of MSSL itself is lower: < 0.1% within 12 months. It rests on far more data about MSSL than the profile alone.
Test of the method
The method was tested on the 497,446 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.
| 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 39,278 companies, not a prediction for MSSL. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- HALBACH Rebecca 100 shares (100%) · €1,500 in cash
Capital transactions
- 05-06-2024 Incorporation · €1,500 · 100 shares
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Organe d'administration, 1”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Sans recours, agrément unanime des actionnaires”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 05-06-2024 (in French)
Network & group
MSSL shares no director with another company.
Companies at the same address
60 other companies- SPACE4DEFENSE Registered office · since 2026 1041371610
- MANAL SO Establishment · since 2026 1040410716
- GREYSTONE & CO Registered office · since 2026 1040408736
- SANA SANO Registered office · since 2026 1040353308
- MELADEL Registered office · since 2026 1040311439
- PVH Legal Registered office · since 2026 1038770129
- ENO Establishment · since 2026 1021545305
- EARTHDAY.org EU Registered office · since 2026 1036726003
- MIA BELGIQUE Registered office · since 2026 1033377424
- CLARITY Legal Registered office · since 2025 1026433808
Connections & network
1 current directorThe network starts from the directors of MSSL. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
07-10
Gazette deed
Registered office moved within Bruxelles2 points ▸
- Board meeting, 25-08-2024
- Registered-office move, Boulevard Bischoffsheim, 15 à 1000 Bruxelles
05-06
Gazette deed
IncorporationStarting capital €1,500 · Appointment: HALBACH Rebecca (administrateur non statutaire) · Founder12 points ▸
- Incorporation, “MSSL” (deed in French)
- Founder, HALBACH Rebecca
- Founding capital, €1,500
- Registered office clause, “1040 Etterbeek, rue de l'Industrie 26/38” (deed in French)
- Other provision, 01-04-2024
- Other provision, “responsabilité des fondateurs en cas de faillite, faillite dans les trois ans de l’acquisition de la personnalité juridique” (deed in French)
- Bank account, EUR, “compte spécial” (deed in French)
- General meeting, “unanimité, dispositions finales et transitoires” (deed in French)
- Registered office clause, “1040 Etterbeek, rue de l'Industrie 26/38, dépôt au greffe d’une expédition de l’acte constitutif” (deed in French)
- Board rule, 1, “dépôt au greffe d’une expédition de l’acte constitutif” (deed in French)
- Director appointment, HALBACH Rebecca (administrateur non statutaire)
- Pre-incorporation commitments, “takeover, engagements_obligations_activités_au_nom_et_pour_compte_société_en_formation” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Rue de l'Industrie, 26/38, 1040 Bruxelles until 01-09-2024 · act of 07-10-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21803C0336/00E000 | Brussels | 2,202 m² | 1 · 1,990 m² | 44.3 m · 12 |