M-Strategy · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of M-Strategy is 0.4% (very low). The 2024 annual accounts show equity of €17k and a net result of €7k. Its solvency ranks better than 8% of 4826 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Signals

1 signal · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 4826 sector peers (2024).

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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.

How we compute the deadline

There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2024	31-07-2025	27-08-2025	27 d late	2025-00412578

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Young company

Founded in 2024, under 3 years, statistically higher risk.

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.4% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€7k

Working capital€-8k

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 27-08-2025 with the NBB · fiscal year 2024 · micro

Sector comparison

Fiscal year 2024 · NACE 69, Legal & accounting · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	6.1%	61.0%	better than 8% of 4826 sector peers
Net result	€7k	€33k	better than 15% of 4823 sector peers
Equity	€17k	€59k	better than 18% of 4826 sector peers
Gross operating margin	€19k	€56k	better than 15% of 4821 sector peers
Staff costs	€1k	€30k	higher than 14% of 755 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€17k
Net profit	€7k
Cash flow	€8k
Staff costs	€1k
Income taxes	€4k
Dividends	-
Total assets	€275k
Equity	€17k
Debt	€259k
of which ≤ 1y	€33k
of which > 1y	€226k
Working capital	€-8k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.76
Quick ratio	0.76
Working capital ratio	-2.8%
Solvency	6.1%
Debt / equity	15.36
Long-term debt ratio	13.41
Interest coverage	3.11
Gross margin	-
Net margin	-
ROA	2.5%
ROE	40.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €250k · 90.9% Current assets €25k · 9.1%

Equity & liabilities

Equity €17k · 6.1% Debt €259k · 93.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€275k
Fixed assets	21/28	€250k
Tangible fixed assets	22/27	€413
Financial fixed assets	28	€250k
Current assets	29/58	€25k
Amounts receivable within one year	40/41	€13k
Cash & bank	54/58	€11k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€275k
Equity	10/15	€17k
Contributions / capital	10/11	€10k
Accumulated profits (losses)	14	€7k
Amounts payable	17/49	€259k
Amounts payable after one year	17	€226k
Amounts payable within one year	42/48	€33k
Trade debts payable within one year	44	€685
Income statement
Gross operating margin	9900	€19k
Operating result	9901	€16k
Financial income	75	€140
Financial charges	65	€5k
Result before taxes	9903	€11k
Income taxes	67/77	€4k
Net result for the period	9904	€7k
Result to be appropriated	9905	€7k

Ratios computed by Checked.

Health barometer

FY 2024 · computed

48 / 100 Fair

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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 Guillaume Charlier(TOU) 137500 Tournai

Establishment units

1 location

M-Strategy

Rue Guillaume Charlier(TOU) 13, 7500 TournaiActiviteiten van gecertificeerde belastingadviseurs

since 20242.357.530.164

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area191 m²

Buildings1

Building footprint58 m²

Volume (LiDAR)580 m³

Tallest building12.4 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
57462A0070/00V003indicative	Wallonia	191 m²	1 · 58 m²	12.3 m · 3 fl.

Methodology

via registered seat: 1

0 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.