MSTD
ActiveMSTD has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81k and a net result of €22k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 14038 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78=
Solvency52▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 1.25 in 2024; short-term debt: 15.5% and cash: 11.9% of total assets), and 73% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
27%
Return on assets
7.5%
Age of the figures
15 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 30-06-2025 was due by 31-01-2026 and was filed on 20-01-2026, 11 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
11 d early
2024
8 d early
2023
8 d early
2022
6 d early
2021
14 d early
2020
2 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€81k▲ 19.1%
2024 · €68k
2019: €32k
2020: €35k
2021: €36k
2022: €40k
2023: €47k
2024: €68k
2019 → 2025
Total assets
€299k▲ 7.9%
2024 · €277k
2019: €33k
2020: €99k
2021: €95k
2022: €100k
2023: €84k
2024: €277k
2019 → 2025
Net result
€22k▲ 6.6%
2024 · €21k
2019: €19k
2020: €3k
2021: €1k
2022: €5k
2023: €-1k
2024: €21k
2019 → 2025
Working capital
€7k▲ 22.0%
2024 · €5k
2019: €32k
2020: €31k
2021: €32k
2022: €43k
2023: €42k
2024: €5k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€40k▲ 13.1%€47k▲ 15.7%€68k▲ 44.8%€81k▲ 19.1%
Operating result€3k-€6k▲ 118%€702▼ 87.4%€31k▲ 4,262%€35k▲ 13.3%
Net result€1k-€5k▲ 326%€-1k€21k€22k▲ 6.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €299k
Fixed assets
€246k▼ 1.4%
Current assets
€53k▲ 91.7%
Equity and liabilities €299k
Equity
€81k▲ 19.1%
Debt
€218k▲ 4.3%
The debt ratio falls from 75.6% to 73.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41k▲
2024 · €37k
Cash flow
€29k▲
2024 · €27k
Solvency
27.0%▲
2024 · 24.4%
Current ratio
1.14▼
2024 · 1.25
Quick ratio
1.08▼
2024 · 1.10
Debt / equity
2.71▼
2024 · 3.09
ROE
27.7%▼
2024 · 31.0%
ROA
7.5%▼
2024 · 7.6%
Interest coverage
6.91▼
2024 · 11.23
Debt
€218k▲
2024 · €209k
Debt ≤ 1 year
€46k▲
2024 · €22k
Debt > 1 year
€172k▼
2024 · €187k
Income taxes
€6k▲
2024 · €6k
Staff costs
€2k
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€277k€299k▲
Fixed assets21/28€249k€246k▼
Tangible fixed assets22/27€249k€246k▼
Land and buildings22€248k€243k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24€1k€716▼
Financial fixed assets28€91€91=
Current assets29/58€28k€53k▲
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€4k€4k▲
Trade receivables40-€669
Other amounts receivable41€4k€4k▼
Cash at bank and in hand54/58€11k€36k▲
Deferred charges and accrued income490/1€10k€10k=
Equity and liabilities
Total equity and liabilities10/49€277k€299k▲
Equity10/15€68k€81k▲
Contributions10/11€20k€20k=
Reserves13€19k€19k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€29k€42k▲
Amounts payable17/49€209k€218k▲
Amounts payable after more than one year17€187k€172k▼
Financial debts170/4€187k€172k▼
Amounts payable within one year42/48€22k€46k▲
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€2k€15k▲
Suppliers440/4€2k€15k▲
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€6k€8k▲
Other amounts payable47/48-€8k
Income statement
Code20242025
Remuneration, social security and pensions62-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€795€774▼
Gross operating margin9900€37k€44k▲
Operating profit (loss)9901€31k€35k▲
Financial income75/76B-€6
Recurring financial income75-€6
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€27k€29k▲
Income taxes67/77€6k€6k▲
Profit (loss) for the period9904€21k€22k▲
Profit (loss) for the period to be appropriated9905€21k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€51k▲
Profit (loss) brought forward from the previous period14P€8k€29k▲
Profit to be distributed694/7-€9k
Return on contributions (dividend)694-€9k
The notes to these accounts (7 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
20-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €22k ▲6.6%
Operating result €35k, net result €22k, both a record.
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
23-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-1k ▼125%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity doublescurrent ratio 7.14
Current ratio from 3.40 to 7.14; short-term debt falls from €18k to €7k.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Deinze · 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.
Marie Comparéstraat 259850 DeinzeGround area
588 m²
Building footprint
167 m²
Volume, LiDAR
1,250 m³
Parcel 44049F0367/00H003, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MSTD
since 20182.274.355.139
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44049F0367/00H003 | Flanders | 588 m² | 1 · 166 m² | 9.6 m · 2 fl. |
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
SUA CASA
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MaraVilla Development
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DACARLI
BE 0882.746.916
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JCM BOUW
BE 0679.476.585
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AT IMMO
BE 1006.230.884
Bastogne · Eq €81k
Of 9,695 companies in sector 68121 we hold annual accounts for 7,381. 5,252 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2018
Fiscal year end30-06
Activities, NACEBEL
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.