Losses
-€8,917 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
MSTS
Lifetime
8 annual accounts with figures on one time axispeak €10,639 (2020)
-€1,579▼ €2,123
lowest -€4,910 (2023)
-€3,522▼ €3,037
peak €38,351 (2022)
€29,434▼ 10.7%
€2,114▲ 294%
Board2 names since 2018
2 directorsSTANDAERT Karel and 1 other
Documentsfilings and deeds
01-07-202630 days before the deadline
2025micro format
Gross margin from €544 to -€1,579Loss of €3,522Debts from €537 to €2,114
Key points
from the 2025 annual accountsLiquidity
14.65 was 60.96 in 2024
Short-term debts rose from €537 to €2,114.
Filings
8 annual accounts since 2018
The last five annual accounts were filed 23 to 48 days before the end of the period.
Turnover not published (micro format)
Checked score
92
Excellent
Financially stronger than 57% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025highest value
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Loss of €3,522, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 14.65, cash €24,065
Equity €29,434 (93.3% of total assets)
Figures for financial year 2025 (filed on 01-07-2026)
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 46, micro). It does better than 90% of them on solvency, 98% on liquidity, 14% on profitability and 25% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 3,591 companies had the same profile as MSTS has now. Each dot stands for 9 companies, two years later.
87.3%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MSTS itself is lower: 0.1% within 12 months. It rests on far more data about MSTS than the profile alone.
Test of the method
The method was tested on the 497,447 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 3,591 companies, not a prediction for MSTS. 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.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 14.65 (60.96 in 2024), above the usual 1.5. Short-term debt is 6.7% and cash 76.3% of total assets. 6.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 01-07-2026, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
30 days early
2024
23 days early
2023
36 days early
2022
48 days early
2021
42 days early
2020
44 days early
2019
46 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 38 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0690605257
1 director appointed, 1 resignation, 1 reappointment
Resignation: Karel STANDAERT · Reappointment: Karel STANDAERT (director) · Appointment: Stephan MUYLAERT (director) · Gazette deed
Incorporation
Founder: STANDAERT Karel · Founding capital of €18,600, 186 shares, €12,400 paid up · Appointment: STANDAERT Karel (manager) · published on 16-02-2018 · Gazette deed
First establishment
Bochtenstraat 35, Laarne
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MSTS Laarne | €31,548 | -€1,579 | 93.3% | - |
| VESPER EUROPE Turnhout | €22,777 | €629 | 34.3% | - |
| Sobetracom Charleroi | €43,041 | -€9,477 | 0.6% | - |
| SAFETY FENCE BELGIUM Kapellen | €62,303 | -€15,844 | -26.2% | - |
| EXPLEO Raeren | €48,518 | -€1,171 | 6.6% | - |
| NTIL Olen | €31,930 | -€14,416 | 98.9% | - |
| SAES BELGIË Tienen | €52,851 | €810 | -277.0% | - |
These companies have the same main activity as MSTS: wholesale of other machinery and equipment (NACE 46649). They are comparable in size and age: total assets between €22,800 and €62,300, founded between 2013 and 2021.
Official details
Source: KBO- Status
- Active since 14-02-2018Normal situation
- Activity
- Wholesale of other machinery and equipmentNACE 46649
- Establishment unit
- 2.272.918.8469270 Laarne, since 14-02-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 25-12-2025
Annual accounts 2025
- €31,548▼ 5.8%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on MSTS
MSTS files the micro format. That format states no turnover. The gross margin fell from €9,316 in 2018 to -€1,579 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MSTS
- What is the company number of MSTS?
- The company number of MSTS is 0690.605.257. The VAT number is the same number with BE in front: BE 0690.605.257.
- Where is MSTS based?
- The registered office is at Bochtenstraat 35, 9270 Laarne.Company details
- What does MSTS do?
- According to the KBO register, the main activity is wholesale of other machinery and equipment (NACE 46649).
- What is the legal form of MSTS?
- MSTS is a private limited company (BV).
- When was MSTS founded?
- MSTS was founded on 14-02-2018.
- Is MSTS still active?
- Yes, MSTS is an active enterprise in the KBO register.
- What is the turnover of MSTS?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is MSTS profitable?
- In financial year 2025, MSTS made a loss of €3,522.
- Where can I find the annual accounts of MSTS?
- MSTS filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MSTS due?
- MSTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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