MST MEDIA
ActiveMST MEDIA has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €43k. Equity is growing by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 7027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency48▼-52
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 19.53 in 2024; short-term debt: 76.9% and cash: 42.8% of total assets), and 76.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
23.1%
Return on assets
28.4%
Age of the figures
9 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
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 04-05-2026, 88 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
88 d early
2024
129 d early
2023
134 d early
2022
87 d early
2021
12 d late
2020
31 d late
2019
87 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€35k▼ 83.4%
2024 · €212k
2019: €6k
2020: €14k
2021: €108k
2022: €379k
2023: €435k
2024: €212k
2019 → 2025
Total assets
€152k▼ 31.8%
2024 · €223k
2019: €20k
2020: €30k
2021: €139k
2022: €399k
2023: €452k
2024: €223k
2019 → 2025
Net result
€43k▼ 77.4%
2024 · €192k
2019: €2k
2020: €14k
2021: €94k
2022: €328k
2023: €406k
2024: €192k
2019 → 2025
Working capital
€34k▼ 83.8%
2024 · €210k
2019: €2k
2020: €13k
2021: €106k
2022: €377k
2023: €433k
2024: €210k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€108k-€379k▲ 249%€435k▲ 14.9%€212k▼ 51.3%€35k▼ 83.4%
Operating result€119k-€430k▲ 261%€534k▲ 24.1%€247k▼ 53.7%€56k▼ 77.4%
Net result€94k-€328k▲ 249%€406k▲ 23.9%€192k▼ 52.8%€43k▼ 77.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 77% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152k
Fixed assets
€1k▼ 46.7%
Current assets
€151k▼ 31.7%
Equity and liabilities €152k
Equity
€35k▼ 83.4%
Debt
€117k▲ 925%
The debt ratio rises from 5.1% to 76.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€57k▼
2024 · €248k
Cash flow
€44k▼
2024 · €193k
Solvency
23.1%▼
2024 · 94.9%
Current ratio
1.29▼
2024 · 19.53
Quick ratio
1.29▼
2024 · 19.53
Debt / equity
3.34▲
2024 · 0.05
ROE
123.4%▲
2024 · 90.5%
ROA
28.4%▼
2024 · 85.9%
Interest coverage
28.39▼
2024 · 555.70
Debt
€117k▲
2024 · €11k
Debt ≤ 1 year
€117k▲
2024 · €11k
Income taxes
€11k▼
2024 · €58k
Staff costs
€7k▼
2024 · €35k
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€223k€152k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Plant, machinery and equipment23€890€441▼
Furniture and vehicles24€1k€680▼
Current assets29/58€221k€151k▼
Amounts receivable within one year40/41€99k€86k▼
Trade receivables40€84k€82k▼
Other amounts receivable41€15k€4k▼
Current investments50/53€100k€0▼
Cash at bank and in hand54/58€22k€65k▲
Deferred charges and accrued income490/1€210€0▼
Equity and liabilities
Total equity and liabilities10/49€223k€152k▼
Equity10/15€212k€35k▼
Contributions10/11€19k€19k=
Reserves13€193k€17k▼
Distributable reserves133€193k€17k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€11k€117k▲
Amounts payable within one year42/48€11k€117k▲
Trade debts44€3k€26k▲
Suppliers440/4€3k€26k▲
Taxes, remuneration and social security45€8k€0▼
Taxes450/3€3k€0▼
Remuneration and social security454/9€5k€0▼
Other amounts payable47/48€87€91k▲
Accrued charges and deferred income492/3€105€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€35k€7k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€980▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€285k€65k▼
Operating profit (loss)9901€247k€56k▼
Financial income75/76B€3k€585▼
Recurring financial income75€3k€585▼
Financial charges65/66B€447€2k▲
Recurring financial charges65€447€2k▲
Profit (loss) for the period before taxes9903€249k€54k▼
Income taxes67/77€58k€11k▼
Profit (loss) for the period9904€192k€43k▼
Profit (loss) for the period to be appropriated9905€192k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€192k€43k▼
Transfer from equity791/2€223k€220k▼
Transfer to equity691/2-€43k
To other reserves6921-€43k
Profit to be distributed694/7€415k€220k▼
Return on contributions (dividend)694€415k€220k▼
The notes to these accounts (4 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
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €406k ▲23.9%
Operating result €534k, net result €406k, both a record.
05-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 19.63
Current ratio from 4.53 to 19.63; short-term debt falls from €30k to €20k.
31-12
Financial
Equity above €200kEq €379k ▲249%
4 profitable years in a row build equity to €379k.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 4.53
Current ratio from 1.83 to 4.53.
31-12
Financial
Equity above €100kEq €108k ▲652%
3 profitable years in a row build equity to €108k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gistel · 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.
Koolaerdstraat 118470 GistelGround area
222 m²
Building footprint
186 m²
Parcel 35005A0754/02K002, Flanders. Linked by address, not a title deed.
1 establishment unit
MST Media
since 20182.276.989.183
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005A0754/02K002 | Flanders | 222 m² | 1 · 186 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Autofans
BE 0848.399.315
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AD Marketing
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Heist-op-den-Berg · Eq €37k
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Of 808 companies in sector 73120 we hold annual accounts for 281. 190 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-2018
Fiscal year end31-12
Activities, NACEBEL
73120Media representation
46190Agents in non-specialised wholesale trade
73110Advertising agencies
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
74209Other photographic activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.