Checked.be
Active
BE 0880.506.909Private limited company (pre-2019)
MS MANAGEMENT & PARTICIPATIONS
Rue de l'Hydrion 113 ·6700 Arlon, Belgium· 20 yrs active
Conclusion
MS MANAGEMENT & PARTICIPATIONS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €984k and a net result of €-18k. The computed 12-month bankruptcy probability is 1.1% (low).
Based on the State Gazette, CBE and 2 annual accounts.
Key figures
| Equity | €984k |
| Net result | €-18k |
| Active | 20 yrs |
| Board | 1 |
Financial profile
48
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
40
Profitability
0
Solvency
70
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2006, 20 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
40
/ 100
Weak
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.
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 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 23-03-2026 with the NBB · fiscal year 2025 · full schema
€57k
-79.2%
24-25
€-18k
-
24-25
€23k
-89.5%
24-25
€1.80M
-13.5%
24-25
€984k
-1.8%
24-25
€-74k
-99.3%
24-25
0
-
24-25
€0
-
24-25
€0
-100.0%
24-25
€813k
-24.4%
24-25
€366k
-35.7%
24-25
€448k
-11.9%
24-25
0.80
-14.7%
24-25
0.80
-14.7%
24-25
54.7%
+13.5%
24-25
0.83
-23.0%
24-25
-1.9%
-
24-25
-1.0%
-
24-25
1.62
-69.9%
24-25
Figures by fiscal year and ratios
| Fiscal year | 2025 |
|---|---|
| Deposit | full schema |
| Revenue | - |
| EBITDA | €57k |
| Net profit | €-18k |
| Cash flow | €23k |
| Staff costs | - |
| Income taxes | - |
| Dividends | €0 |
| Total assets | €1.80M |
| Equity | €984k |
| Debt | €813k |
| of which ≤ 1y | €366k |
| of which > 1y | €448k |
| Working capital | €-74k |
| Employees (FTE) | 0.0 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.80 |
| Quick ratio | 0.80 |
| Working capital ratio | -4.1% |
| Solvency | 54.7% |
| Debt / equity | 0.83 |
| Long-term debt ratio | 0.46 |
| Interest coverage | 1.62 |
| Gross margin | - |
| Net margin | - |
| ROA | -1.0% |
| ROE | -1.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan.
See plans →
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 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.80M |
| Fixed assets | 21/28 | €1.51M |
| Tangible fixed assets | 22/27 | €942k |
| Financial fixed assets | 28 | €564k |
| Current assets | 29/58 | €291k |
| Amounts receivable within one year | 40/41 | €96k |
| Cash & bank | 54/58 | €194k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.80M |
| Equity | 10/15 | €984k |
| Contributions / capital | 10/11 | €20k |
| Reserves | 13 | €9k |
| Accumulated profits (losses) | 14 | €494k |
| Amounts payable | 17/49 | €813k |
| Amounts payable after one year | 17 | €448k |
| Amounts payable within one year | 42/48 | €366k |
| Trade debts payable within one year | 44 | €5k |
| Income statement | ||
| Gross operating margin | 9900 | €63k |
| Operating result | 9901 | €15k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €35k |
| Result before taxes | 9903 | €-18k |
| Net result for the period | 9904 | €-18k |
| Result to be appropriated | 9905 | €-18k |
Directors & mandates
Current directors & mandates
-
WALITASPublic limited companyDirector· perm. rep.: DENIS Philippe Gérard GhislainState Gazette act 21056673 (11-05-2021)Current11-05-2021 → present
Former directors (2)
-
Former- → 05-09-2018
-
Former- → 23-01-2015
Legal Structure
| NACE primary | - |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 05-04-2006 |
| Status | Active |
| Postal code | 6700 |
Connections & network
Network connections
Shared address
→
Shared address
→
Shared address
→
Ownership & control
Control over this companysits on this company's board1
1 subsidiary · 1 location
controls
MS MANAGEMENT & PARTICIPATIONSBE 0880.506.909
Establishment units
MS Management & Participations
since 20062.153.401.681
Real-estate footprint
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81001A1710/00P000 | Wallonia | 1,944 m² | 1 · 634 m² | - |
| 92101A0056/00H002 | Wallonia | 1,640 m² | 1 · 193 m² | 6.9 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2014
2014: 1 State Gazette act
2015: 1 State Gazette act
2016
2017: 2 NBB filings
2018
2018: 2 State Gazette acts, 1 NBB filing
2020
2020: 1 NBB filing
2021: 1 State Gazette act, 1 NBB filing
2022
2022: 1 NBB filing
2023: 1 NBB filing
2024
2024: 1 NBB filing
2025: 1 NBB filing
2026
2026: 1 State Gazette act, 1 NBB filing
2026
23-03-2026 NBB filing Annual accounts filed
fiscal year 2025 · full schema
26-01-2026 State Gazette act Registered-office change
v3.2
2025
24-02-2025 NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
28-03-2024 NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
27-04-2023 NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
29-04-2022 NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
11-05-2021 State Gazette act Capital & shares
v3.2
19-04-2021 NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
23-01-2020 NBB filing Annual accounts filed
fiscal year 2019 · full schema
2018
27-11-2018 NBB filing Annual accounts filed
fiscal year 2018 · full schema
05-09-2018 State Gazette act Director changes
v3.2
04-05-2018 State Gazette act Registered-office change
v3.2
2017
10-11-2017 NBB filing Annual accounts filed
fiscal year 2017 · full schema
17-01-2017 NBB filing Annual accounts filed
fiscal year 2016 · full schema
2015
23-01-2015 State Gazette act Director changes
v3.2
2014
07-07-2014 State Gazette act Capital & shares
v3.2
Belgian State Gazette reading coverage
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
Capital history · 2
11-05-2021
v3.2
07-07-2014
v3.2
Address history · 2
26-01-2026
v3.2
04-05-2018
v3.2
All acts · 6
updated 7 months ago
2026
26-01-2026 Registered office moved from Erpent to Arlon
- chaussée de Marche 486, 5101 Erpent → Rue de l'Hydrion 113, 6700 Arlon
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Arlon",
"region": "Waals",
"street": "Rue de l\u0027Hydrion",
"country": "BE",
"postcode": "6700",
"box_number": null,
"street_number": "113"
},
"old_address": {
"city": "Erpent",
"region": "Waals",
"street": "chauss\u00E9e de Marche",
"country": "BE",
"postcode": "5101",
"box_number": null,
"street_number": "486"
},
"effective_date": "2026-01-01",
"evidence_quote": "A dater du 01/01/2026, le si\u00E8ge social et le si\u00E8ge d\u0027exploitation sont transf\u00E9r\u00E9s \u00E0: Rue de l\u0027Hydrion 113 6700 Arlon"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0880.506.909",
"name_full": "MS MANAGEMENT \u0026 PARTICIPATIONS",
"legal_form": "SPRL"
}
}2021
11-05-2021 Capital decrease of €243,000 to €20,000
- €263.000 → €20.000
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "capital_decrease",
"amount": 243000.0,
"currency": "EUR",
"after_eur": 20000.0,
"delta_eur": -243000.0,
"before_eur": 263000.0,
"amount_type": "kapitaal_effectief",
"effective_date": "2021-04-20",
"evidence_quote": "A.d\u00E9cide de r\u00E9duire les fonds propres de la SRL (anciennement SPRL) \u00AB MS Management \u0026 Participations \u003E\u003E \u00E0 concurrence de la somme de 243.000,00 EUROS pour ramener les fonds propres de la soci\u00E9t\u00E9 de la somme de 263.000,00 EUROS \u00E0 la somme de 20.000,00 EUROS, sans annulation de titres, par pr\u00E9l\u00E9vement sur l\u0027augmentation de capital qui a eu lieu le 24 juin 2014 dans le cadre des dispositions de l\u0027article 537 CIR/92, l\u0027apport effectu\u00E9 pour ladite augmentation de capital ayant \u00E9t\u00E9 eriti\u00E8rement lib\u00E9r\u00E9 et \u00E9tant quitte et libre de tout gage.",
"contribution_type": "cash"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0880.506.909",
"name_full": "MS MANAGEMENT \u0026 PARTICIPATIONS",
"legal_form": "SPRL"
}
}2018
05-09-2018 1 director appointed, 1 resigning
- SA WALITAS, Gedelegeerd bestuurder
- Philippe Denis, Gedelegeerd bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_out",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Philippe Denis",
"address": null,
"birth_date": null
},
"evidence_quote": "Tenant compte du changement d\u0027actionnaire intervenu en Juin 2018, l\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire qui s\u0027est tenue le 27/07/2017 a act\u00E9 la d\u00E9mission de Mr Philippe Denis (NISS: 70.05.03-303.45) en tant que g\u00E9rant"
},
{
"kind": "director_in",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "SA WALITAS",
"address": null,
"birth_date": null
},
"evidence_quote": "l\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire qui s\u0027est tenue le 27/07/2017 a act\u00E9 ... la nomination de la SA WALITAS (N\u00B0 Entr: 0666.998.130) \u00E0 la fonction de g\u00E9rante de la SPRL MS Management \u0026 Participations."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0880.506.909",
"name_full": "MS MANAGEMENT \u0026 PARTICIPATIONS",
"legal_form": "SPRL"
}
}04-05-2018 Registered office moved from Bois-de-Villers to ERPENT
- Rue Emile Mahaux 28, 5170 Bois-de-Villers → Chaussée de Marche 486, 5101 ERPENT
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "ERPENT",
"region": null,
"street": "Chauss\u00E9e de Marche",
"country": "BE",
"postcode": "5101",
"box_number": null,
"street_number": "486"
},
"old_address": {
"city": "Bois-de-Villers",
"region": null,
"street": "Rue Emile Mahaux",
"country": "BE",
"postcode": "5170",
"box_number": null,
"street_number": "28"
},
"effective_date": "2018-04-12",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire du 12/04/2018 a act\u00E9 le d\u00E9m\u00E9nagement du si\u00E8ge social \u00E0 : Chauss\u00E9e de Marche 486 5101 ERPENT"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0880.506.909",
"name_full": "MS MANAGEMENT \u0026 PARTICIPATIONS",
"legal_form": "SPRL"
}
}2015
23-01-2015 Cecile Stas resigns as managing director
- Cecile Stas, Gedelegeerd bestuurder
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "director_out",
"role": "gedelegeerd_bestuurder",
"person": {
"rrn": null,
"name": "Cecile Stas",
"address": null,
"birth_date": null
},
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire du 14/08/2014 a re\u00E7u et act\u00E9 la d\u00E9mission de Mme Cecile Stas, de son poste de g\u00E9rante."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0880.506.909",
"name_full": "MS MANAGEMENT \u0026 PARTICIPATIONS",
"legal_form": "SPRL"
}
}2014
07-07-2014 Capital increase of €243,000 to €263,000
- €20.000 → €263.000
Summary:
v3.2
Technical details
{
"events": [
{
"kind": "capital_increase",
"amount": 243000.0,
"currency": "EUR",
"after_eur": 263000.0,
"delta_eur": 243000.0,
"before_eur": 20000.0,
"amount_type": "kapitaal_effectief",
"effective_date": "2014-06-15",
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale a propos\u00E9 d\u0027augmenter le capital \u00E0 concurrence de deux cent quarante-trois mille euros (243.000,00 \u20AC), pour le porter de vingt mille euros (20.000,00 \u20AC) \u00E0 deux cent soixante-trois mille euros (263.000,00 \u20AC), par apport en esp\u00E8ces d\u0027une somme de deux cent quarante-trois mille euros (243.000,00 \u20AC) ... L\u0027assembl\u00E9e g\u00E9n\u00E9rale a d\u00E9clar\u00E9 qu\u0027une assembl\u00E9e g\u00E9n\u00E9rale tenue en date du 15 mars 2014 a d\u00E9cid\u00E9 de proc\u00E9der \u00E0 la distribution de dividendes ... Le capital est effectivement port\u00E9 \u00E0 deux cent soixante-trois mille euros (263.000,00 \u20AC)",
"contribution_type": "cash"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0880.506.909",
"name_full": "MS MANAGEMENT \u0026 PARTICIPATIONS",
"legal_form": "SPRL"
}
}Credit advice
Company registry (CBE)
Names & trade names
| Legal nameFR | MS MANAGEMENT & PARTICIPATIONS |