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MSI VASTGOED

Active
Public limited companyfounded 1991active for 35 yearsHengelhoefdreef 2, 3530 Houthalen-Helchteren, BelgiumKBO/BCE: BE 0442.689.390
Summary

MSI VASTGOED has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.6m and a net result of €10,332, of which €128,655 non-recurring income. Equity remains stable across the filed financial years (±0.4% per year). Its solvency ranks better than 75% of 5,786 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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MSI VASTGOEDActiveChecked score 91/100
Risk analysis ReportCompare

Overview

Activity
Real estate agency activities
NACE 68310Property management for co-owned buildings (syndics) NACE 68321
1 site
Size
≈ €690,000turnover 2025, estimated
Staff
1 FTE
Equity
€5.6m
Profit
€10,332
Turnover estimated from the gross margin
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Board
8 members
  • GODERSIChair · permanent representative Lisiane Cosemans
  • MACONIMManaging director · permanent representative Patrick Siborgs
2025 accounts 38 days early9 of 22 deeds summarised
Why 91raises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.15, cash €261,835lowers riskSize: 1 FTE, total assets €7.7mFounded in 1991Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 54% of its sector peers (NACE 68, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 97-3
equity 71.9% of total assets
Liquidity 45-6
short-term debt 25.1% · cash 3.4%
Profitability 69=
return on assets 0.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,627 companies, NACE 68, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: < 0.1%▼ -0.2 percentage points vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: 0.1%▲ +0.1 percentage points vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.2%▲ +0.1 percentage points vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.6%▲ +0.2 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -0.4 percentage points vs 09-2026
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.15, compared with 0.24 in 2024, below 1; short-term debt: 25.1% and cash: 3.4% of total assets), and 28.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 79% on solvency, 39% on liquidity, 56% on profitability and 43% on growth.

The bankruptcy probability was computed on 30-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 0.15, cash €261,835
NBB · annual accounts
lowers risk · Size: 1 FTE, total assets €7.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1991
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
38 days early
2024
29 days early
2023
30 days early
2022
27 days early
2021
31 days early
2020
30 days early
2019
30 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 31 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% 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 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: VOF Maconim (managing director)Permanent representative: Patrick Siborgs ·…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Resignations & appointments · RestructuringMerger · Declaration · Power…

Key points

  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: Among the best 20% on equitysector median €944,709 · 5,787 companies €5.6m View
  • Merger with OPTICOmerger on 01-07-2025 2025 View
  • New directorlatest change 06-07-2026 · 8 in office 1 joined View

By topic

Financials

Financial year
2025
Total assets
€7.7m
Profit
€10,332
Solvency
71.9%
Total assets▲ 28.3%
Net result
20182025
Go to Financials

Board & ownership

Board
8 members
  • GODERSIChair
  • MACONIMManaging director
  • Vandervoort BenjaminDirector
  • Godelieve PolletDirector
  • Guido BrouwersDirector

and 3 other directors

Go to Board & ownership

Timeline

Events
48
Since
1992
Next accounts
by 31-07-2027
  1. 17-02-2026Registered office
  2. 14-11-2025Restructuring
  3. 02-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Real estate agency activitiesNACE 68310
Founded
25-01-1991
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
11
Annual meeting
First Tuesday of June at 19:00
Purpose
“Het verlenen van technische, administratieve, financiële en commerciële bijstand in de…” (deed in Dutch)
Go to Articles of association

Key facts about MSI VASTGOED

What is the company number of MSI VASTGOED?
0442.689.390. In Belgium the VAT number is the company number with BE in front: BE 0442.689.390.
Where is MSI VASTGOED based?
The registered office is at Hengelhoefdreef 2, 3530 Houthalen-Helchteren.Company details
What does MSI VASTGOED do?
According to the KBO register, the main activity is real estate agency activities (NACE 68310).
What is the legal form of MSI VASTGOED?
Public limited company (NV).
When was MSI VASTGOED founded?
On 25-01-1991.
Is MSI VASTGOED still active?
Yes, MSI VASTGOED is an active enterprise in the KBO register.
How many employees does MSI VASTGOED have?
On average 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MSI VASTGOED?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is MSI VASTGOED profitable?
In financial year 2025, MSI VASTGOED made a profit of €10,332.
Where can I find the annual accounts of MSI VASTGOED?
MSI VASTGOED filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MSI VASTGOED due?
By 31-07-2027, for financial year 2026.Timeline

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