MST consultancy

Active

Private limited companyfounded 20251 yr activeRigastraat 31, 2000 Antwerpen, BelgiumKBO/BCE: BE 1022.891.229

Summary

MST consultancy has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€22,302) and a net result of -€26,302. Its solvency ranks better than 5% of 3825 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch Report Compare

MST consultancyActiveChecked score 53/100

Risk analysis Report Compare

Activity

Activities of lawyers

NACE 69101

1 site

Size

€12,593total assets 2025

Equity: -€22,302
Loss: -€26,302

Turnover not published (abridged schema)

Financial health

53 Fair Checked score 2025

Bankruptcy chance 12 m: 0.1%

Structure

Accounts filed 25 d late1 of 2 deeds read

Why 53Capped at 59: negative equity- Negative equity -€22,302- Loss of €26,302 (FY 2025)+ Sector Legal and accounting activities (NACE 69)+ Size: total assets €12,593Show the evidence

Checked score

Score 2025

53 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 10% of its sector peers (NACE 69, micro)

Performance against the sector, not lower risk

Negative equity caps the score at 59. Every signal that weighs is under Signals.

Financial strength

Weak

Solvency 0

equity -177.1% of total assets

Liquidity 50

short-term debt 277.1% · cash 95.9%

Profitability 0

return on assets -208.9%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (19,836 companies)

Last 24 months 05-2026: 0.3% 06-2026: 0.3%● 0.0% vs 05-2026 07-2026: 0.3%▲ +2.3% vs 06-2026 08-2026: 0.3%▲ +0.9% vs 07-2026highest value 09-2026: 0.1%▼ -58.1% vs 08-2026lowest value 10-2026: 0.1%▲ +2.2% vs 09-2026

Sector Legal and accounting activities (NACE 69) lowers the probability
Negative equity -€22,302 raises the probability
Size: total assets €12,593 lowers the probability for this profile
Loss of €26,302 (FY 2025) raises the probability

No credit on open account

Liquidity short (current ratio 0.35; short-term debt: 277.1% and cash: 95.9% of total assets), and equity is negative.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 69, micro). Better than this share of them on solvency 1%, liquidity 28%, profitability 1%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Sector Legal and accounting activities (NACE 69)

In the bankruptcy model this factor lowers the probability.

KBO

Negative equity -€22,302

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: total assets €12,593

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Loss of €26,302 (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Young company

Founded in 2025, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 1 filing

Deviation from the deadline

2025

25 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

25-08-26 Annual accounts filedfiscal year 2025 · abbreviated…
13-03-26 Purpose · Statutes amendmentIncorporation · Director in office…

Key points

Risk: Negative equityfiscal year 2025: debts exceed assets -€22,302 View
Caution: Among the weakest 5% on solvencysector median 44.3% · 3,825 companies -177.1% View
Founded 17 months agofounded 30-04-2025 17 mo View