Turnover
≈ €140,000 estimated
The micro format states no turnover.
MSW-Engineering
Lifetime
1 annual account with figurespeak €35,141 (2024)
€35,141
peak €15,358 (2024)
€15,358
peak €17,358 (2024)
€17,358
€42,243
Board2 names since 2024
2 directorsMADAME MORREN Stephanie Catherine Albert Roger and 1 other
Documentsfilings and deeds
16-10-202577 days late
2024micro format
Incorporation 17-091 establishment registeredFirst year with figures
Key points
from the 2024 annual accountsDebts
€42,243 71% of the balance sheet
Suppliers 12%Taxes and wages 86%Other 1%
Board
1 left
A director left. Latest change 06-05-2026 · 1 in office.
2024 accounts filed 77 days after the deadline
Checked score
53
Fair
Financially stronger than 49% of micro companies in other professional activities (NACE 74)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 5,430 companies (NACE 74, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 0.6%
11-2025: 0.5%▼ -0.1 percentage points vs 10-2025lowest value
12-2025: 0.5%● unchanged vs 11-2025lowest value
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.5 percentage points vs 07-2026
09-2026: 1.4%▲ +0.3 percentage points vs 08-2026
10-2026: 2.4%▲ +1.0 percentage point vs 09-2026highest value
11-2026: 2.4%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2024 (filed on 16-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 77 days late; 1 of the last 3 accounts late
Founded in 2024
lowers risk
Sector: Other professional, scientific and technical activities (NACE 74)
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 74, micro). It does better than 34% of them on solvency, 25% on liquidity and 88% on profitability.
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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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, 7,976 companies had the same profile as MSW-Engineering has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MSW-Engineering itself: 2.4% within 12 months.
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 7,976 companies, not a prediction for MSW-Engineering. 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 €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.37, below the usual 1.5. Short-term debt is 70.9% and cash 23.1% of total assets. 70.9% 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 risk
raises risk · 2024 accounts filed 77 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2024
77 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its 2024 accounts 77 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- MORREN Stephanie Catherine Albert Roger 120 sharesdeed of 28-05-2026
Recent changes
New sole director
MORREN Stephanie Catherine Albert Roger appointed, WALCKIERS Stephan resigned · Transfer of shares from WALCKIERS Stephan to MORREN Stephanie Catherine Albert Roger · MORREN Stephanie Catherine Albert Roger holds 120 shares · General meeting of 08-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1013566064
Incorporation
Founding capital of €2,000, 120 shares · Founders: WALCKIERS Stephan and MORREN Stephanie Catherine Albert Roger · Appointments: MORREN Stephanie Catherine Albert Roger (director) and WALCKIERS Stephan (director) · published on 17-09-2024 · Gazette deed
First establishment
MSW Engineering, Ganzenweidestraat 131, Brussels
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MSW-Engineering Brussels | €59,601 | €35,141 | 29.1% | - |
| Building Digital Antwerp | €58,546 | €37,338 | 83.8% | - |
| Co Design Diksmuide | €52,901 | €41,366 | 60.4% | - |
| Latiwola Oudenburg | €52,051 | €37,548 | 61.2% | - |
| Phidecon Oudenaarde | €68,357 | €52,774 | 68.0% | - |
| VD Création Couvin | €80,952 | €43,652 | 10.9% | - |
| KYOS CONCEPT Uccle | €57,341 | €19,317 | 69.5% | - |
These companies have the same main activity as MSW-Engineering: other professional, scientific and technical activities (NACE 74112). They are comparable in size and age: total assets between €52,100 and €81,000, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 13-09-2024Normal situation
- Activity
- Other professional, scientific and technical activitiesNACE 74112and 4 others
- Establishment unit
- 2.363.563.6631130 Brussels, since 13-09-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 19-01-2026
Insights on MSW-Engineering
The computed 12-month bankruptcy probability of MSW-Engineering is 2.4% (moderate). The 2024 annual accounts show equity of €17,358 and a net result of €15,358.
Its solvency ranks better than 33% of 4,285 sector peers (NACE 74, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
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 MSW-Engineering
- What is the company number of MSW-Engineering?
- The company number of MSW-Engineering is 1013.566.064. The VAT number is the same number with BE in front: BE 1013.566.064.
- Where is MSW-Engineering based?
- The registered office is at Ganzenweidestraat 131, 1130 Brussels.Company details
- What does MSW-Engineering do?
- According to the KBO register, the main activity is other professional, scientific and technical activities (NACE 74112).
- What is the legal form of MSW-Engineering?
- MSW-Engineering is a private limited company (BV).
- When was MSW-Engineering founded?
- MSW-Engineering was founded on 13-09-2024.
- Is MSW-Engineering still active?
- Yes, MSW-Engineering is an active enterprise in the KBO register.
- What is the turnover of MSW-Engineering?
- The turnover in financial year 2024 is ≈ €140,000. This figure is estimated from the gross margin of €35,141 and 2,934 comparable companies of the same size. It probably lies between €85,000 and €250,000. It is a rough estimate.Financials
- Is MSW-Engineering profitable?
- In financial year 2024, MSW-Engineering made a profit of €15,358.
- Where can I find the annual accounts of MSW-Engineering?
- MSW-Engineering filed 1 annual account with the National Bank of Belgium, for financial year 2024.
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