MSA Renovation
ActiveSummary
The computed 12-month bankruptcy probability of MSA Renovation is 9.0% (elevated). The 2024 annual accounts show equity of €97,197 and a net result of €28,579. Equity has been growing by about 91% per year since 2018. Its solvency ranks better than 79% of 1,281 sector peers (NACE 41, financial year 2024). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry.
Overview
Official details
Source: KBO- Status
- Active since 23-06-2014 Normal situation
- Legal form
- Private limited company (pre-2019)
- Activity
- General construction of residential buildings NACE 41001and 5 others
- Establishment unit
- 2.232.582.979 1851 Grimbergen, since 26-06-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 26-05-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 9.0%
- Gross margin
- €39,538
- ▼ 4.2%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €28,579
- ▼ 6.4%
- Equity
- €97,197
- ▲ 41.6%
- Total assets
- €165,381
- ▲ 67.3%
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 02-09-2025)Liquidity: current ratio 2.39, cash €1, halvedEx-officio strike-off in the KBO1 financial year not filed after the legal deadline; last filed accounts filed 32 days late; 3 of the last 3 accounts lateShow the evidence
Checked score
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 68% of them on solvency, 26% on liquidity, 75% on profitability and 76% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 78 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Key points
- Positive: 6 profitable years in a rowprofit 2024: €28,579 6 years View
Recent changes
- · KBO administration Address struckevent 10-11-2025
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as MSA Renovation: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €147,000 and €169,000, founded between 2013 and 2015.
| Company | Total assets | Gross margin |
|---|---|---|
| MSA Renovation | €165,381 | €39,538 |
| ERIK CONSTRUCT Oudergem | €156,460 | €37,866 |
| All-Co Tessenderlo-Ham | €160,967 | €35,550 |
| DIABEL-STRUCT Brussel | €146,966 | €42,853 |
| TAKTIK CONSTRUCT Sint-Agatha-Berchem | €169,322 | €40,908 |
| CONSTRUCTION DELFORGE F Sint-Pieters-Leeuw | €157,514 | €46,973 |
| ERDO GUL CONSTRUCT Ottignies-Louvain-la-Neuve | €153,927 | €35,801 |
Key facts about MSA Renovation
- What is the company number of MSA Renovation?
- The company number of MSA Renovation is 0554.780.909. The VAT number is the same number with BE in front: BE 0554.780.909.
- What does MSA Renovation do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of MSA Renovation?
- The legal form of MSA Renovation is Private limited company (pre-2019) (BVBA).
- When was MSA Renovation founded?
- MSA Renovation was founded on 23-06-2014.
- Is MSA Renovation still active?
- Yes, MSA Renovation is an active enterprise in the KBO register.Company details
- What is the turnover of MSA Renovation?
- The turnover in financial year 2024 is ≈ €180,000. This figure is estimated from the gross margin of €39,538 and 35 comparable companies (NACE 41001). It probably lies between €110,000 and €330,000.Financials
- Is MSA Renovation profitable?
- In financial year 2024, MSA Renovation made a profit of €28,579.
- Where can I find the annual accounts of MSA Renovation?
- MSA Renovation filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
See how customers, suppliers and banks see your own company and what to improve first.