MSW-Engineering
ActiveSummary
The computed 12-month bankruptcy probability of MSW-Engineering is 1.6% (moderate). The 2024 annual accounts show equity of €17k and a net result of €15k. Its solvency ranks better than 33% of 4352 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability100
Solvency54
Growth-
Track record67
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.37; short-term debt: 70.9% and cash: 23.1% of total assets), and 70.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
29.1%
Return on assets
25.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-10-2025, 77 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 filingDeviation from the deadline
2024
77 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€17k
Total assets
€60k
Net result
€15k
Working capital
€16k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Equity and liabilities €60k
Equity
€17k
Debt
€42k
Debt finances 70.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€20k
Cash flow
€16k
Current ratio
1.37
Debt to equity
2.43
ROE
88.5%
ROA
25.8%
Interest coverage
714.92
Debt ≤ 1 year
€42k
Income taxes
€4k
Staff costs
€15k
Filed annual accounts As filed with the NBB · 2024 · 30 lines
Balance sheet
Code2024
Assets
Total assets20/58€60k
Formation expenses20€2k
Current assets29/58€58k
Amounts receivable within one year40/41€44k
Trade receivables40€44k
Cash at bank and in hand54/58€14k
Deferred charges and accrued income490/1€369
Equity and liabilities
Total equity and liabilities10/49€60k
Equity10/15€17k
Contributions10/11€2k
Profit (loss) carried forward14€15k
Amounts payable17/49€42k
Amounts payable within one year42/48€42k
Trade debts44€5k
Suppliers440/4€5k
Taxes, remuneration and social security45€37k
Taxes450/3€31k
Remuneration and social security454/9€6k
Other amounts payable47/48€626
Income statement
Code2024
Remuneration, social security and pensions62€15k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€626
Gross operating margin9900€35k
Operating profit (loss)9901€19k
Financial charges65/66B€28
Recurring financial charges65€28
Profit (loss) for the period before taxes9903€19k
Income taxes67/77€4k
Profit (loss) for the period9904€15k
Profit (loss) for the period to be appropriated9905€15k
Appropriation of the result
Profit (loss) to be appropriated9906€15k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 |
|---|---|
| Remuneration, social security and pensions62 | €15k |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €626 |
| Gross operating margin9900 | €35k |
| Operating profit (loss)9901 | €19k |
| Financial charges65/66B | €28 |
| Recurring financial charges65 | €28 |
| Profit (loss) for the period before taxes9903 | €19k |
| Income taxes67/77 | €4k |
| Profit (loss) for the period9904 | €15k |
| Profit (loss) for the period to be appropriated9905 | €15k |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €60k | |
| Formation expenses20 | €2k | |
| Current assets29/58 | €58k | |
| Amounts receivable within one year40/41 | €44k | |
| Trade receivables40 | €44k | |
| Cash at bank and in hand54/58 | €14k | |
| Deferred charges and accrued income490/1 | €369 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €60k | |
| Equity10/15 | €17k | |
| Contributions10/11 | €2k | |
| Profit (loss) carried forward14 | €15k | |
| Amounts payable17/49 | €42k | |
| Amounts payable within one year42/48 | €42k | |
| Trade debts44 | €5k | |
| Suppliers440/4 | €5k | |
| Taxes, remuneration and social security45 | €37k | |
| Taxes450/3 | €31k | |
| Remuneration and social security454/9 | €6k | |
| Other amounts payable47/48 | €626 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €15k |
| + Depreciation and write-downs630 | €626 |
| Operating cash flow (approximation) | €16k |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 77 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Brussel · 1 establishment unit since 2024
Ground area
341 m²
Building footprint
85 m²
Volume, LiDAR
711 m³
Parcel 21821A0067/00G000, Brussels · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MSW Engineering
since 20242.363.563.663
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821A0067/00G000 | Brussels | 340 m² | 1 · 85 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
YZEWIJN Engineering
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Bertrand Lejoly
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Notaris Bart Hutsebaut
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IJKPUNT
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Of 685 companies in sector 74112 we hold annual accounts for 312. 145 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-09-2024
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
74112Other professional, scientific and technical activities
63920Other information service activities
70200Business and other management consultancy
74140Other specialised design activities
Scores and ratios are computed by Checked and are not a credit decision.