Equity
-€260,926
Debts exceed assets in financial year 2025.
MSW IMMO III
Lifetime
2 annual accounts with figures on one time axispeak €237,196 (2025)
€237,196▲ 26.4%
lowest -€481,514 (2024)
-€44,412▲ €437,102
peak -€216,514 (2024)
-€260,926▼ €44,412
€3.9m▼ 3.3%
Board1 name since 2023
1 directorSCHABOMA
Documentsfilings and deeds
16-06-202645 days before the deadline
2025abbreviated format
Gross margin from €187,700 to €237,196Loss of €44,412Equity from -€216,514 to -€260,926Cash from €46,400 to €2,168
Key points
from the 2025 annual accountsResult
-€44,412 ▲ 90.8%
The result rose in 2025 from -€481,514 to -€44,412.
Turnover
≈ €600,000 estimated
The abbreviated format states no turnover.
Debts
€3.9m 107% of the balance sheet
Financial debts 76%Suppliers 0%Other 24%
Of this, €931,687 falls due within a year.
Investments
€36,280 0.3 × depreciation
Green is investment, beige is depreciation.
Starting capital
€265,000 2,650 shares
Checked score
53
Fair
Financially stronger than 17% of small companies without a NACE code
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.4%
01-2025: 2.5%▲ +0.1 percentage points vs 12-2024
02-2025: 2.9%▲ +0.4 percentage points vs 01-2025
03-2025: 3.1%▲ +0.2 percentage points vs 02-2025
04-2025: 3.4%▲ +0.3 percentage points vs 03-2025
05-2025: 3.4%● unchanged vs 04-2025
06-2025: 3.6%▲ +0.2 percentage points vs 05-2025highest value
07-2025: 3.6%● unchanged vs 06-2025
08-2025: 0.3%▼ -3.3 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025lowest value
10-2025: 0.4%▲ +0.1 percentage points vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.9%▲ +0.5 percentage points vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 0.07, cash €2,168, halved
Founded in 2023
lowers risk
Size: total assets €3.6m
No main activity registered
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 (no NACE code, small). It does better than 6% of them on solvency, 27% on liquidity, 21% on profitability and 12% on growth.
The bankruptcy probability was computed on 05-11-2026 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 low class on 30-06-2025, 0.8% 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, 1,251 companies had the same profile as MSW IMMO III has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MSW IMMO III itself: 0.9% 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 1,251 companies, not a prediction for MSW IMMO III. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.07 (0.17 in 2024), below 1. Short-term debt is 25.8% and cash 0.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€260,926
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 16-06-2026, 45 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
45 days early
2024
27 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 2 accounts on average 36 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
S
SCHABOMA
Director, SCHABON Martin
- SCHABOMA 2,650 sharesdeed of 30-10-2023
Recent changes
Incorporation
Founding capital of €265,000, 2,650 shares · Founder: SCHABOMA (oprichter comparant) · Appointment: SCHABOMA (director) · published on 30-10-2023 · Gazette deed
First establishment
Staatsbaan 61, Lubbeek
Official details
Source: KBO- Status
- Active since 26-10-2023Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.351.454.0063210 Lubbeek, since 26-10-2023
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €3.6m▼ 4.6%
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Insights on MSW IMMO III
MSW IMMO III has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€260,926) and a net result of -€44,412.
The computed 12-month bankruptcy probability is 0.9% (low).
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 IMMO III
- What is the company number of MSW IMMO III?
- The company number of MSW IMMO III is 1001.676.141. The VAT number is the same number with BE in front: BE 1001.676.141.
- Where is MSW IMMO III based?
- The registered office is at Staatsbaan 61, 3210 Lubbeek.Company details
- What is the legal form of MSW IMMO III?
- MSW IMMO III is a private limited company (BV).
- When was MSW IMMO III founded?
- MSW IMMO III was founded on 26-10-2023.
- Is MSW IMMO III still active?
- Yes, MSW IMMO III is an active enterprise in the KBO register.
- What is the turnover of MSW IMMO III?
- The turnover in financial year 2025 is ≈ €600,000. This figure is estimated from the gross margin of €237,196 and 1,646 comparable companies of the same size. It probably lies between €370,000 and €1.1m. It is a rough estimate.Financials
- Is MSW IMMO III profitable?
- In financial year 2025, MSW IMMO III made a loss of €44,412.
- Where can I find the annual accounts of MSW IMMO III?
- MSW IMMO III filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MSW IMMO III due?
- MSW IMMO III must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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