M.S. Finances
ActiveSummary
M.S. Finances has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €63k and a net result of €221k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▲+5
Solvency31▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.82 in 2023; short-term debt: 77.5% and cash: 47.4% of total assets), and 94% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 37956 sector peers (2024).
NBB · sector comparisonPosition among 37956 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
20 d late
2022
29 d late
2021
26 d late
2020
31 d late
2019
32 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€63k▼ 30.0%
2023 · €90k
2019: €38k
2020: €81k
2021: €405k
2022: €675k
2023: €90k
2019 → 2024
Total assets
€1.05M▼ 0.4%
2023 · €1.05M
2019: €51k
2020: €166k
2021: €584k
2022: €840k
2023: €1.05M
2019 → 2024
Net result
€221k▲ 25.8%
2023 · €176k
2019: €28k
2020: €43k
2021: €315k
2022: €271k
2023: €176k
2019 → 2024
Working capital
€-245k▼ 68.4%
2023 · €-145k
2019: €33k
2020: €48k
2021: €240k
2022: €498k
2023: €-145k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€81k-€405k▲ 401%€675k▲ 66.9%€90k▼ 86.7%€63k▼ 30.0%
Operating result€62k-€418k▲ 577%€309k▼ 26.0%€211k▼ 31.7%€265k▲ 25.5%
Net result€43k-€315k▲ 633%€271k▼ 14.0%€176k▼ 35.1%€221k▲ 25.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 25% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.05M
Fixed assets
€480k ▲ 27.4%
Current assets
€566k ▼ 16.0%
Equity and liabilities €1.05M
Equity
€63k ▼ 30.0%
Debt
€983k ▲ 2.3%
Debt's share of the balance-sheet total rises from 91.4% to 94.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€295k▲
2023 · €240k
Cash flow
€250k▲
2023 · €204k
Current ratio
0.70▼
2023 · 0.82
Debt to equity
15.62▲
2023 · 10.69
ROE
351.2%▲
2023 · 195.5%
ROA
21.1%▲
2023 · 16.7%
Interest coverage
29.25▼
2023 · 39.45
Debt ≤ 1 year
€811k▼
2023 · €819k
Debt > 1 year
€172k▲
2023 · €141k
Income taxes
€64k▲
2023 · €50k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.05M€1.05M▼
Fixed assets21/28€377k€480k▲
Tangible fixed assets22/27€372k€475k▲
Land and buildings22€277k€298k▲
Plant, machinery and equipment23€94k€110k▲
Furniture and vehicles24€629€67k▲
Financial fixed assets28€5k€5k=
Current assets29/58€674k€566k▼
Amounts receivable within one year40/41€52k€69k▲
Other amounts receivable41€52k€69k▲
Cash at bank and in hand54/58€620k€496k▼
Deferred charges and accrued income490/1€2k€342▼
Equity and liabilities
Total equity and liabilities10/49€1.05M€1.05M▼
Equity10/15€90k€63k▼
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€71k€44k▼
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€70k€43k▼
Amounts payable17/49€960k€983k▲
Amounts payable after more than one year17€141k€172k▲
Financial debts170/4€141k€172k▲
Amounts payable within one year42/48€819k€811k▼
Current portion of amounts payable after more than one year42€12k€25k▲
Trade debts44€16k€838▼
Suppliers440/4€16k€838▼
Taxes, remuneration and social security45€28k€11k▼
Taxes450/3€28k€11k▼
Other amounts payable47/48€764k€773k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€30k▲
Other operating charges640/8€2k€8k▲
Gross operating margin9900€242k€303k▲
Operating profit (loss)9901€211k€265k▲
Financial income75/76B€20k€30k▲
Recurring financial income75€20k€30k▲
Financial charges65/66B€6k€10k▲
Recurring financial charges65€6k€10k▲
Profit (loss) for the period before taxes9903€225k€285k▲
Income taxes67/77€50k€64k▲
Profit (loss) for the period9904€176k€221k▲
Profit (loss) for the period to be appropriated9905€176k€221k▲
Appropriation of the result
Profit (loss) to be appropriated9906€761k€221k▼
Profit (loss) brought forward from the previous period14P€586k-
Transfer from equity791/2-€27k
Profit to be distributed694/7€761k€248k▼
Return on contributions (dividend)694-€248k
Directors or managers695€761k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Equity above €500kEq €675k ▲66.9%
4 profitable years in a row build equity to €675k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Highest result since 2019net €315k ▲633%
Operating result €418k, net result €315k, both a record.
31-12
Financial
Equity above €200kEq €405k ▲401%
3 profitable years in a row build equity to €405k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, La Louvière · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Chapelle Langlet(S-V) 387100 La LouvièreGround area
1,883 m²
Building footprint
216 m²
Volume, LiDAR
1,453 m³
Parcel 55038C0377/00E000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M.S. Finances
since 20192.287.500.124
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55038C0377/00E000 | Wallonia | 1,883 m² | 1 · 216 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,494. 2,128 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.