Checked.be
Active
BE 0466.239.903Private limited company
M.S.K. Mode
Féronstrée 28 ·4000 Liège, Belgium· 27 yrs active
Sector: Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
(46160)
Conclusion
M.S.K. Mode has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €3k. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 38% of 10877 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €20k |
| Net result | €3k |
| Better than sector | 38% |
| Active | 27 yrs |
Financial profile
66
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
66
Profitability
66
Solvency
40
Growth
58
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1999, 27 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
66
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€2k
estimate, not credit advice
Score history
48
2021
86
2022
12
2024
66
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.99 (< 1.0)
-10
Profitability
ROE 13% (≥ 10%)
+10
Interest coverage
Interest coverage 115.8× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 14-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~3.5%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 26.5% | 42.6% | |
| Net result | €3k | €6k | |
| Equity | €20k | €60k | |
| Gross operating margin | €10k | €29k | |
| Total assets | €77k | €175k |
€10k
-
21-25
€3k
-
21-25
€8k
-
21-25
€77k
+23.4%
21-25
€20k
+15.1%
21-25
€-842
+90.2%
21-25
€2k
-
21-25
€57k
+26.7%
21-25
€57k
+26.7%
21-25
0.99
+21.8%
21-25
0.63
+75.3%
21-25
26.5%
-6.7%
21-25
2.77
+10.0%
21-25
13.1%
-
21-25
3.5%
-
21-25
115.81
-
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €10k | €-4k | - | €-3k |
| Net profit | €3k | €-10k | €2k | €-8k |
| Cash flow | €8k | €-4k | - | €-3k |
| Staff costs | - | - | - | - |
| Income taxes | €2k | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €77k | €63k | €41k | €44k |
| Equity | €20k | €18k | €24k | €22k |
| Debt | €57k | €45k | €17k | €22k |
| of which ≤ 1y | €57k | €45k | €17k | €22k |
| of which > 1y | - | - | - | - |
| Working capital | €-842 | €-9k | €24k | €22k |
| Employees (FTE) | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (micro schema, full schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.99 | 0.81 | 2.36 | 2.00 |
| Quick ratio | 0.63 | 0.36 | 1.21 | 1.09 |
| Working capital ratio | -1.1% | -13.7% | 57.6% | 50.0% |
| Solvency | 26.5% | 28.4% | 57.6% | 50.0% |
| Debt / equity | 2.77 | 2.52 | 0.74 | 1.00 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 115.81 | -8.52 | - | -6.31 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 3.5% | -15.5% | 4.2% | -18.4% |
| ROE | 13.1% | -54.4% | 7.2% | -36.9% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €77k | €63k | €41k | €44k |
| Fixed assets | 21/28 | €21k | €26k | - | - |
| Formation expenses | 20 | - | - | €0 | - |
| Tangible fixed assets | 22/27 | €21k | €26k | - | - |
| Current assets | 29/58 | €56k | €36k | €41k | €44k |
| Stocks & contracts in progress | 3 | €20k | €20k | €20k | €20k |
| Amounts receivable within one year | 40/41 | €35k | €11k | €18k | €9k |
| Cash & bank | 54/58 | €963 | €5k | €3k | €15k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €77k | €63k | €41k | €44k |
| Equity | 10/15 | €20k | €18k | €24k | €22k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €19 | €-3k | €3k | €2k |
| Amounts payable | 17/49 | €57k | €45k | €17k | €22k |
| Amounts payable within one year | 42/48 | €57k | €45k | €17k | €22k |
| Trade debts payable within one year | 44 | €30k | €21k | €10k | €21k |
| Income statement | |||||
| Gross operating margin | 9900 | €10k | €-4k | €2k | €-1k |
| Operating result | 9901 | €5k | €-9k | €2k | €-8k |
| Financial charges | 65 | €83 | €451 | - | €439 |
| Result before taxes | 9903 | €4k | €-10k | €2k | €-8k |
| Income taxes | 67/77 | €2k | - | - | - |
| Net result for the period | 9904 | €3k | €-10k | €2k | €-8k |
| Result to be appropriated | 9905 | €3k | €-10k | €2k | €-8k |
Directors & mandates
Current directors & mandates
-
ABBAS ShamilaDirectorState Gazette act 25316882 (07-03-2025)Current07-03-2025 → present
Legal Structure
| NACE primary | Agents in the wholesale of textiles, clothing, fur, footwear and leather goods(46160) |
| Legal form | Private limited company(610) |
| Incorporation | 14-06-1999 |
| Status | Active |
| Postal code | 4000 |
Establishment units
Féronstrée 28, 4000 Liège
since 19992.091.761.151
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62810C1070/00C000 | Wallonia | 661 m² | 1 · 217 m² | 25.5 m · 7 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
07-03
State Gazette act
Statutes amendment
v3.2
2024
31-12
Financial
Weakest financial yearnet €-10k ▼665%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 144 days late
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
12-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 134 days late
14-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 226 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 1 year ago
2025
07-03-2025 Articles of association amended
Summary:
v3.2
Technical details
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"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"name_change": {
"new": "",
"old": "",
"changed": false
},
"seat_change": {
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},
"object_change": {
"changed": true
},
"subject_company": {
"kbo": "0466.239.903",
"name_full": "M.S.K. Mode"
},
"legal_form_change": {
"new": "SRL",
"old": "Soci\u00E9t\u00E9 priv\u00E9e \u00E0 responsabilit\u00E9 limit\u00E9e",
"changed": false
}
}Credit advice
Company registry (CBE)
Activities
Agents in the wholesale of textiles, clothing, fur, footwear and leather goods4616051160Retail sale of clothing and accessories for women, men, children and babies (general range)4771652421
Names & trade names
| Legal nameFR | M.S.K. Mode |
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