MSBco
Open bankruptcySummary
A bankruptcy procedure is open for MSBco according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-18k) and a net result of €-18k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-18k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
12 d late
2023
55 d early
2022
3 d late
2021
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€473
EBIT margin
-1179.4%
Net result
€-18k
2023 · €6k
2021: €-6k
2022: €-2k▲ +57.9% vs 2021
2023: €6k▲ +357% vs 2022highest in 4 years
2024: €-18k▼ -399% vs 2023lowest in 4 years
2021 → 2024
Working capital
€-18k
2023 · €111
2021: €-4k
2022: €-6k▼ -65.6% vs 2021
2023: €111▲ +102% vs 2022highest in 4 years
2024: €-18k▼ -16331% vs 2023lowest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€473-
Equity€-4k-€-6k▼ 65.6%€111€-18k
2021: €-4k
2022: €-6k▼ -65.6% vs 2021
2023: €111▲ +102% vs 2022highest in 4 years
2024: €-18k▼ -16331% vs 2023lowest in 4 years
Operating result€-6k-€-2k▲ 58.7%€8k€-18k
2021: €-6k
2022: €-2k▲ +58.7% vs 2021
2023: €8k▲ +433% vs 2022highest in 4 years
2024: €-18k▼ -333% vs 2023lowest in 4 years
Net result€-6k-€-2k▲ 57.9%€6k€-18k
2021: €-6k
2022: €-2k▲ +57.9% vs 2021
2023: €6k▲ +357% vs 2022highest in 4 years
2024: €-18k▼ -399% vs 2023lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €18k after €8k in 2023, the lowest result in the available series.
Key figures and ratios
Debt
€19k▲
2023 · €3k
Debt ≤ 1 year
€19k▲
2023 · €3k
Ratios withheld: a balance sheet total of €1k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet
Code20232024
Assets
Total assets20/58€3k€1k▼
Current assets29/58€3k€1k▼
Stocks and contracts in progress3€250-
Stocks30/36€250-
Amounts receivable within one year40/41€1k€367▼
Trade receivables40€566-
Other amounts receivable41€618€367▼
Cash at bank and in hand54/58€2k€663▼
Equity and liabilities
Total equity and liabilities10/49€3k€1k▼
Equity10/15€111€-18k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-2k€-20k▼
Amounts payable17/49€3k€19k▲
Amounts payable within one year42/48€3k€19k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€2k€16k▲
Taxes450/3€2k€2k▲
Remuneration and social security454/9-€14k
Other amounts payable47/48€0€815▲
Income statement
Code20232024
Other operating charges640/8€396€1k▲
Gross operating margin9900€8k€-17k▼
Operating profit (loss)9901€8k€-18k▼
Financial income75/76B€0€65▲
Recurring financial income75€0€65▲
Financial charges65/66B€96€248▲
Recurring financial charges65€96€248▲
Profit (loss) for the period before taxes9903€8k€-18k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€6k€-18k▼
Profit (loss) for the period to be appropriated9905€6k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-20k▼
Profit (loss) brought forward from the previous period14P€-8k€-2k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €473 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €6k | - | - | - | - |
| Other operating charges640/8 | €282 | - | €396 | €1k | ▲ 154% |
| Gross operating margin9900 | €-5k | €-2k | €8k | €-17k | ▼ 310% |
| Operating profit (loss)9901 | €-6k | €-2k | €8k | €-18k | ▼ 333% |
| Financial income75/76B | - | - | €0 | €65 | ▲ 72,367% |
| Recurring financial income75 | - | - | €0 | €65 | ▲ 72,367% |
| Financial charges65/66B | €16 | €50 | €96 | €248 | ▲ 157% |
| Recurring financial charges65 | €16 | €50 | €96 | €248 | ▲ 157% |
| Profit (loss) for the period before taxes9903 | €-6k | €-2k | €8k | €-18k | ▼ 339% |
| Income taxes67/77 | - | - | €2k | - | - |
| Profit (loss) for the period9904 | €-6k | €-2k | €6k | €-18k | ▼ 399% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-2k | €6k | €-18k | ▼ 399% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €650 | €466 | €3k | €1k | ▼ 65.7% |
| Current assets29/58 | €650 | €466 | €3k | €1k | ▼ 65.7% |
| Stocks and contracts in progress3 | - | - | €250 | - | - |
| Stocks30/36 | - | - | €250 | - | - |
| Amounts receivable within one year40/41 | €184 | - | €1k | €367 | ▼ 69.0% |
| Trade receivables40 | - | - | €566 | - | - |
| Other amounts receivable41 | €184 | - | €618 | €367 | ▼ 40.7% |
| Cash at bank and in hand54/58 | €466 | €466 | €2k | €663 | ▼ 57.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €650 | €466 | €3k | €1k | ▼ 65.7% |
| Equity10/15 | €-4k | €-6k | €111 | €-18k | ▼ 16,331% |
| Contributions10/11 | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-6k | €-8k | €-2k | €-20k | ▼ 958% |
| Amounts payable17/49 | €4k | €6k | €3k | €19k | ▲ 557% |
| Amounts payable within one year42/48 | €4k | €6k | €3k | €19k | ▲ 557% |
| Trade debts44 | - | - | €1k | €2k | ▲ 94.4% |
| Suppliers440/4 | - | - | €1k | €2k | ▲ 94.4% |
| Taxes, remuneration and social security45 | - | - | €2k | €16k | ▲ 833% |
| Taxes450/3 | - | - | €2k | €2k | ▲ 22.3% |
| Remuneration and social security454/9 | - | - | - | €14k | - |
| Other amounts payable47/48 | €4k | €6k | €0 | €815 | ▲ 1,164,243% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €-2k | €6k | €-18k | ▼ 399% |
| Operating cash flow (approximation) | €-6k | €-2k | €6k | €-18k | ▼ 399% |
| Change in cash | - | €0 | €1k | €-909 | ▼ 182% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
23-01
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 19-01-2026
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
31-12
Financial
Liquidity times 14current ratio 1.04
Current ratio from 0.07 to 1.04; short-term debt falls from €6k to €3k.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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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, Comblain-au-Pont · 1 establishment unit since 2021
Ground area
300 m²
Building footprint
56 m²
Volume, LiDAR
524 m³
Parcel 62026D1161/00K002, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MSBco
since 20212.316.143.927
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62026D1161/00K002 | Wallonia | 300 m² | 1 · 56 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTELLE GRODENT RUE NEUVE 5,
4032 CHENEE |
19-01-2026 → present |
| Curator | LEON LEDUC PLACE DE
BRONCKART 1, 4000 LIEGE 1 |
19-01-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteComblain-au-Pont2.316.143.927
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Of 12,954 companies in sector 47120 we hold annual accounts for 2,189. 68 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
Scores and ratios are computed by Checked and are not a credit decision.