MS2GROUP
The computed 12-month bankruptcy probability of MS2GROUP is 3.6% (moderate). The 2024 annual accounts show negative equity (€-322) and a net result of €-1k. Equity is shrinking by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 6717 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-322 |
| Net result | €-1k |
| Better than sector | 26% |
| Active | 5 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -2.1% | 20.4% | |
| Net result | €-1k | €4k | |
| Equity | €-322 | €16k | |
| Gross operating margin | €-135 | €24k | |
| Total assets | €15k | €94k |
Show 4 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €-1k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €15k |
| Equity | €-322 |
| Debt | €15k |
| of which ≤ 1y | €15k |
| of which > 1y | - |
| Working capital | €-322 |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.98 |
| Quick ratio | 0.98 |
| Working capital ratio | -2.1% |
| Solvency | -2.1% |
| Debt / equity | -47.83 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -8.8% |
| ROE | 410.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (16 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €15k |
| Current assets | 29/58 | €15k |
| Amounts receivable within one year | 40/41 | €11k |
| Cash & bank | 54/58 | €4k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €15k |
| Equity | 10/15 | €-322 |
| Contributions / capital | 10/11 | €1k |
| Accumulated profits (losses) | 14 | €-1k |
| Amounts payable | 17/49 | €15k |
| Amounts payable within one year | 42/48 | €15k |
| Income statement | ||
| Gross operating margin | 9900 | €-135 |
| Operating result | 9901 | €-1k |
| Financial charges | 65 | €8 |
| Result before taxes | 9903 | €-1k |
| Net result for the period | 9904 | €-1k |
| Result to be appropriated | 9905 | €-1k |
-
Current30-09-2025 → present
Former directors (1)
-
Former- → 30-09-2025
| NACE primary | Overige detailhandel in nieuwe artikelen neg(47789) |
| Legal form | Private limited company(610) |
| Incorporation | 04-12-2020 |
| Status | Active |
| Postal code | 6220 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332B0507/00K004 | Wallonia | 5,619 m² | 1 · 2,037 m² | 7.2 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
28-01-2026 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": true,
"seat_change": true,
"object_change": true,
"effective_date": "2025-09-30",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0759.457.738",
"name_full": "DELTA VAPORSHOP",
"legal_form": "SRL"
},
"signature_regime": null,
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}08-12-2020 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "Chauss\u00E9e de Ch\u00E2telet (GY) 25, 6060 Gilly",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1956-03-31",
"name": "MONSIEUR Michel Marcel Pascal",
"niss": null,
"address": "6250 Pont de Loup, rue des Lilas num\u00E9ro 7"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 0,
"holder_person_name": "MONSIEUR Michel Marcel Pascal",
"is_subscriber_only": true,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 20000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 20000,
"subject_company": {
"kbo": "0759.457.738",
"name_full": "Delta Vaporshop",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2020-11-27",
"post_incorporation_mandates": []
}| Legal nameFR | MS2GROUP |