M.S. TOITURES
ActiveM.S. TOITURES has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27k and a net result of €12k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 27407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency16▼-68
Growth58▼-20
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.88 against 2.06 in 2024), and 88.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.7%
Return on assets
5.3%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 27407 sector peers (2025).
NBB · sector comparisonPosition among 27407 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 8 filingsDeviation from the deadline
2025
25 d late
2024
31 d early
2023
36 d early
2022
57 d late
2021
30 d late
2020
52 d late
2020
38 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12k▼ 82.9%
2024 · €70k
2019: €12k
2020: €24k
2020: €90k
2021: €74k
2022: €90k
2023: €46k
2024: €70k
2019 → 2025
Working capital
€-15k
2024 · €179k
2019: €10k
2020: €31k
2020: €50k
2021: €113k
2022: €209k
2023: €223k
2024: €179k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€138k-€228k▲ 65.1%€245k▲ 7.4%€198k▼ 19.3%€27k▼ 86.4%
Operating result€100k-€127k▲ 26.4%€70k▼ 44.5%€121k▲ 71.9%€33k▼ 72.8%
Net result€74k-€90k▲ 22.4%€46k▼ 48.6%€70k▲ 52.0%€12k▼ 82.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 73% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €229k
Fixed assets
€125k▼ 10.3%
Current assets
€104k▼ 70.1%
Equity and liabilities €229k
Equity
€27k▼ 86.4%
Debt
€202k▼ 30.3%
The debt ratio rises from 59.5% to 88.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€69k▼
2024 · €148k
Cash flow
€48k▼
2024 · €97k
Solvency
11.7%▼
2024 · 40.5%
Current ratio
0.88▼
2024 · 2.06
Quick ratio
0.88▼
2024 · 2.06
Debt / equity
7.51▲
2024 · 1.47
ROE
44.7%▲
2024 · 35.6%
ROA
5.3%▼
2024 · 14.4%
Interest coverage
9.41▼
2024 · 25.16
Debt
€202k▼
2024 · €290k
Debt ≤ 1 year
€119k▼
2024 · €169k
Debt > 1 year
€83k▼
2024 · €102k
Income taxes
€14k▼
2024 · €45k
Staff costs
€123k▲
2024 · €86k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€488k€229k▼
Fixed assets21/28€139k€125k▼
Tangible fixed assets22/27€139k€125k▼
Land and buildings22€11k€9k▼
Plant, machinery and equipment23€2k€837▼
Furniture and vehicles24€125k€114k▼
Other tangible fixed assets26€1k€835▼
Current assets29/58€349k€104k▼
Amounts receivable within one year40/41€293k€84k▼
Other amounts receivable41€293k€84k▼
Cash at bank and in hand54/58€49k€16k▼
Deferred charges and accrued income490/1€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€488k€229k▼
Equity10/15€198k€27k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€177k€6k▼
Amounts payable17/49€290k€202k▼
Amounts payable after more than one year17€102k€83k▼
Financial debts170/4€102k€83k▼
Amounts payable within one year42/48€169k€119k▼
Current portion of amounts payable after more than one year42€27k€31k▲
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Taxes, remuneration and social security45€65k€81k▲
Taxes450/3€65k€79k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€75k-
Accrued charges and deferred income492/3€19k-
Income statement
Code20242025
Remuneration, social security and pensions62€86k€123k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€36k▲
Other operating charges640/8€23k€5k▼
Gross operating margin9900€257k€197k▼
Operating profit (loss)9901€121k€33k▼
Financial income75/76B€286€365▲
Recurring financial income75€286€365▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€115k€26k▼
Income taxes67/77€45k€14k▼
Profit (loss) for the period9904€70k€12k▼
Profit (loss) for the period to be appropriated9905€70k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€295k€189k▼
Profit (loss) brought forward from the previous period14P€225k€177k▼
Profit to be distributed694/7€118k€183k▲
Return on contributions (dividend)694€118k€183k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Highest result since 2019net €90k ▲22.4%
Operating result €127k, net result €90k, both a record.
31-12
Financial
Equity above €200kEq €228k ▲65.1%
5 profitable years in a row build equity to €228k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 2.97
Current ratio from 1.44 to 2.97; short-term debt falls from €114k to €58k.
31-12
Financial
Equity above €100kEq €138k ▲91.7%
4 profitable years in a row build equity to €138k.
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 52 days late
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 38 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ham-sur-Heure-Nalinnes · 1 establishment unit since 2017
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.
Chemin de Biatrooz(HSH) 33A6120 Ham-sur-Heure-NalinnesGround area
122 m²
Building footprint
146 m²
Volume, LiDAR
1,521 m³
Parcel 56034A0642/00V009, Wallonia · tallest building 21.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
M.S. TOITURES
since 20172.268.819.904
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56034A0642/00V009 | Wallonia | 122 m² | 1 · 146 m² | 21.0 m · 3 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 8,481 companies in sector 43410 we hold annual accounts for 4,308. 3,253 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-09-2017
Fiscal year end31-12
Activities, NACEBEL
43410Roofing work
43421Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.