MSG LOGISTICS
ActiveSummary
The computed 12-month bankruptcy probability of MSG LOGISTICS is 3.1% (moderate). The 2025 annual accounts show equity of €99k and a net result of €78k. Its solvency ranks better than 54% of 4654 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes
Profitability100
Solvency68
Growth-
Track record67
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 1.55; short-term debt: 57.2% of total assets), but 57.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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
42.8%
Return on assets
33.7%
Age of the figures
9 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€99k
Total assets
€232k
Net result
€78k
Working capital
€72k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €232k
Fixed assets
€27k
Current assets
€205k
Equity and liabilities €232k
Equity
€99k
Debt
€133k
Debt finances 57.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€98k
Cash flow
€78k
Current ratio
1.55
Debt to equity
1.34
ROE
78.9%
ROA
33.7%
Interest coverage
387.30
Debt ≤ 1 year
€133k
Income taxes
€20k
Staff costs
€131k
Filed annual accounts As filed with the NBB · 2025 · 36 lines
Balance sheet
Code2025
Assets
Total assets20/58€232k
Fixed assets21/28€27k
Tangible fixed assets22/27€3k
Plant, machinery and equipment23€3k
Financial fixed assets28€24k
Current assets29/58€205k
Amounts receivable within one year40/41€164k
Trade receivables40€140k
Other amounts receivable41€24k
Current investments50/53€41k
Deferred charges and accrued income490/1€660
Equity and liabilities
Total equity and liabilities10/49€232k
Equity10/15€99k
Contributions10/11€21k
Profit (loss) carried forward14€78k
Amounts payable17/49€133k
Amounts payable within one year42/48€133k
Trade debts44€86k
Suppliers440/4€86k
Taxes, remuneration and social security45€47k
Taxes450/3€28k
Remuneration and social security454/9€19k
Income statement
Code2025
Remuneration, social security and pensions62€131k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22
Other operating charges640/8€63k
Gross operating margin9900€291k
Operating profit (loss)9901€98k
Financial income75/76B€659
Recurring financial income75€659
Financial charges65/66B€252
Recurring financial charges65€252
Profit (loss) for the period before taxes9903€98k
Income taxes67/77€20k
Profit (loss) for the period9904€78k
Profit (loss) for the period to be appropriated9905€78k
Appropriation of the result
Profit (loss) to be appropriated9906€78k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €131k |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22 |
| Other operating charges640/8 | €63k |
| Gross operating margin9900 | €291k |
| Operating profit (loss)9901 | €98k |
| Financial income75/76B | €659 |
| Recurring financial income75 | €659 |
| Financial charges65/66B | €252 |
| Recurring financial charges65 | €252 |
| Profit (loss) for the period before taxes9903 | €98k |
| Income taxes67/77 | €20k |
| Profit (loss) for the period9904 | €78k |
| Profit (loss) for the period to be appropriated9905 | €78k |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €232k | |
| Fixed assets21/28 | €27k | |
| Tangible fixed assets22/27 | €3k | |
| Plant, machinery and equipment23 | €3k | |
| Financial fixed assets28 | €24k | |
| Current assets29/58 | €205k | |
| Amounts receivable within one year40/41 | €164k | |
| Trade receivables40 | €140k | |
| Other amounts receivable41 | €24k | |
| Current investments50/53 | €41k | |
| Deferred charges and accrued income490/1 | €660 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €232k | |
| Equity10/15 | €99k | |
| Contributions10/11 | €21k | |
| Profit (loss) carried forward14 | €78k | |
| Amounts payable17/49 | €133k | |
| Amounts payable within one year42/48 | €133k | |
| Trade debts44 | €86k | |
| Suppliers440/4 | €86k | |
| Taxes, remuneration and social security45 | €47k | |
| Taxes450/3 | €28k | |
| Remuneration and social security454/9 | €19k | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €78k |
| + Depreciation and write-downs630 | €22 |
| Operating cash flow (approximation) | €78k |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
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.
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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, Vorst · 1 establishment unit since 2024
Ground area
4,804 m²
Building footprint
1,222 m²
Volume, LiDAR
5,046 m³
2 parcels, Brussels, Wallonia · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
223
companies at this address
See who is registered here
1 establishment unit
MSG LOGISTICS
since 20242.370.514.407
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55040A0717/00R000 | Wallonia | 2,909 m² | 1 · 540 m² | - |
| 21382C0028/00G003 | Brussels | 1,894 m² | 1 · 682 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
Biopower Logistics
BE 0683.458.238
Oostende · Eq €99,354
ARNAUTS TRADING & EVENT
BE 0645.710.588
Vaux-sur-Sûre · Eq €99,361
FABS SERVICES
BE 0718.932.326
Awans · Eq €99,282
TRANS.PO
BE 0872.859.250
Lochristi · Eq €99,408
DAS TRANSPORT
BE 0730.995.760
Zwijndrecht · Eq €99,497
Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 6,341 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
Founded19-11-2024
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.