MSDR
ActiveSummary
MSDR has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €25k. Equity is shrinking by ~42.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-30
Solvency26▼-4
Growth58=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.8%
Return on assets
13.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 12707 sector peers (2025).
NBB · sector comparisonPosition among 12707 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-01-2026, 201 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
201 d early
2024
59 d early
2023
75 d early
2022
106 d early
2021
19 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k=
2024 · €2k
2021: €10k
2022: €10k
2023: €2k
2024: €2k
2021 → 2025
Total assets
€194k▲ 501%
2024 · €32k
2021: €13k
2022: €13k
2023: €17k
2024: €32k
2021 → 2025
Net result
€25k▲ 5.3%
2024 · €24k
2021: €9k
2022: €-82
2023: €3k
2024: €24k
2021 → 2025
Working capital
€2k=
2024 · €2k
2021: €10k
2022: €10k
2023: €2k
2024: €2k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€10k-€10k▼ 0.8%€2k▼ 85.0%€2k=€2k=
Operating result€11k-€2k▼ 82.9%€6k▲ 217%€33k▲ 443%€34k▲ 4.5%
Net result€9k-€-82€3k€24k▲ 641%€25k▲ 5.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €194k
Fixed assets
€162k
Current assets
€32k
Equity and liabilities €194k
Equity
€2k =
Debt
€193k ▲ 525%
Debt's share of the balance-sheet total rises from 95.4% to 99.2%. Debt is higher.
Key figures and ratios
Current ratio
1.05=
2024 · 1.05
ROA
13.1%▼
2024 · 74.6%
Debt ≤ 1 year
€31k▼
2024 · €31k
Debt > 1 year
€162k
Income taxes
€8k▼
2024 · €9k
A ratio outside any meaningful range has been withheld (balance sheet total €194k, equity €2k).
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 · 2025 against 2024 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€32k€194k▲
Fixed assets21/28-€162k
Financial fixed assets28-€162k
Current assets29/58€32k€32k▼
Amounts receivable within one year40/41€26k€714▼
Trade receivables40€10k-
Other amounts receivable41€16k€714▼
Cash at bank and in hand54/58€6k€30k▲
Deferred charges and accrued income490/1€369€1k▲
Equity and liabilities
Total equity and liabilities10/49€32k€194k▲
Equity10/15€2k€2k=
Contributions10/11€2k€2k=
Amounts payable17/49€31k€193k▲
Amounts payable after more than one year17-€162k
Financial debts170/4-€162k
Amounts payable within one year42/48€31k€31k▼
Trade debts44€2k€86▼
Suppliers440/4€2k€86▼
Taxes, remuneration and social security45€5k€5k▲
Taxes450/3€5k€5k▲
Other amounts payable47/48€24k€25k▲
Income statement
Code20242025
Other operating charges640/8€710€501▼
Gross operating margin9900€33k€35k▲
Operating profit (loss)9901€33k€34k▲
Financial income75/76B€336-
Recurring financial income75€336-
Financial charges65/66B€251€366▲
Recurring financial charges65€251€366▲
Profit (loss) for the period before taxes9903€33k€34k▲
Income taxes67/77€9k€8k▼
Profit (loss) for the period9904€24k€25k▲
Profit (loss) for the period to be appropriated9905€24k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€25k▲
Profit to be distributed694/7€24k€25k▲
Return on contributions (dividend)694€24k€25k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €25k ▲5.3%
Operating result €34k, net result €25k, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
16-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-82 ▼101%
Net result drops to €-82, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Walhain · 1 establishment unit since 2021
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 du Bois de Buis(WSP) 351457 WalhainGround area
554 m²
Building footprint
88 m²
Volume, LiDAR
638 m³
Parcel 25109B0205/00L000, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MSDR
since 20212.317.936.546
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25109B0205/00L000 | Wallonia | 554 m² | 1 · 87 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MATHIEU MEERS BEDRIJFSREVISOR
BE 0780.440.917
Riemst · Eq €1,500
P.J.M.G Réviseur d'entreprises
BE 0791.872.663
Theux · Eq €1,500
Eva Meersman
BE 1020.533.733
Brasschaat · Eq €1,467
LUCAS DUFRASNE REVISEUR D'ENTREPRISES
BE 1025.122.427
Binche · Eq €1,834
Bert De Clercq, Bedrijfsrevisor
BE 0764.481.942
Horebeke · Eq €1,200
Of 944 companies in sector 69203 we hold annual accounts for 659. 50 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
69203Activities of company auditors
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.