MSG Management
ActiveMSG Management has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144k and a net result of €78k. Equity is growing by ~55.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 7723 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency89▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.98 against 3.13 in 2024; short-term debt: 16.1% and cash: 14.6% of total assets), and 35.8% of the assets are financed with debt.
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
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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
64.2%
Return on assets
35.1%
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 26-02-2026, 155 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
155 d early
2024
122 d early
2023
55 d early
2022
54 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€144k▼ 10.3%
2024 · €160k
2022: €-25
2023: €83k
2024: €160k
2022 → 2025
Total assets
€224k▼ 15.7%
2024 · €265k
2022: €3k
2023: €112k
2024: €265k
2022 → 2025
Net result
€78k▲ 1.7%
2024 · €77k
2022: €-3k
2023: €83k
2024: €77k
2022 → 2025
Working capital
€71k▼ 28.2%
2024 · €99k
2022: €-2k
2023: €67k
2024: €99k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-25-€83k€160k▲ 93.1%€144k▼ 10.3%
Operating result€-3k-€111k€113k▲ 2.0%€117k▲ 3.7%
Net result€-3k-€83k€77k▼ 6.9%€78k▲ 1.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen 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 €224k
Fixed assets
€116k▼ 2.4%
Current assets
€108k▼ 26.5%
Equity and liabilities €224k
Equity
€144k▼ 10.3%
Debt
€80k▼ 23.8%
The debt ratio falls from 39.7% to 35.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€120k▲
2024 · €116k
Cash flow
€82k▲
2024 · €80k
Solvency
64.2%▲
2024 · 60.3%
Current ratio
2.98▼
2024 · 3.13
Quick ratio
2.98▼
2024 · 3.13
Debt / equity
0.56▼
2024 · 0.66
ROE
54.7%▲
2024 · 48.2%
ROA
35.1%▲
2024 · 29.1%
Interest coverage
11.92▼
2024 · 11.94
Debt
€80k▼
2024 · €105k
Debt ≤ 1 year
€36k▼
2024 · €47k
Debt > 1 year
€43k▼
2024 · €58k
Income taxes
€29k▲
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€265k€224k▼
Fixed assets21/28€119k€116k▼
Tangible fixed assets22/27€15k€12k▼
Plant, machinery and equipment23€4k€3k▼
Other tangible fixed assets26€11k€9k▼
Financial fixed assets28€104k€104k=
Current assets29/58€146k€108k▼
Amounts receivable within one year40/41€79k€21k▼
Trade receivables40€41k€21k▼
Other amounts receivable41€38k€0▼
Current investments50/53€18k€42k▲
Cash at bank and in hand54/58€34k€33k▼
Deferred charges and accrued income490/1€15k€12k▼
Equity and liabilities
Total equity and liabilities10/49€265k€224k▼
Equity10/15€160k€144k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€157k€141k▼
Amounts payable17/49€105k€80k▼
Amounts payable after more than one year17€58k€43k▼
Financial debts170/4€58k€43k▼
Amounts payable within one year42/48€47k€36k▼
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€26k€8k▼
Taxes450/3€26k€8k▼
Other amounts payable47/48-€11k
Accrued charges and deferred income492/3€0€829▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€992€1k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€117k€123k▲
Operating profit (loss)9901€113k€117k▲
Financial income75/76B€1k€23▼
Recurring financial income75€1k€23▼
Financial charges65/66B€10k€10k▲
Recurring financial charges65€10k€10k▲
Profit (loss) for the period before taxes9903€105k€107k▲
Income taxes67/77€27k€29k▲
Profit (loss) for the period9904€77k€78k▲
Profit (loss) for the period to be appropriated9905€77k€78k▲
Appropriation of the result
Profit (loss) to be appropriated9906€157k€236k▲
Profit (loss) brought forward from the previous period14P€80k€157k▲
Profit to be distributed694/7-€95k
Return on contributions (dividend)694-€95k
The notes to these accounts (9 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
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €160k ▲93.1%
2 profitable years in a row build equity to €160k.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €83k
Net result €83k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 3.29
Current ratio from 0.52 to 3.29.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Geel · 1 establishment unit since 2022
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.
Spikkewaverdijk 102440 GeelGround area
818 m²
Building footprint
153 m²
Volume, LiDAR
1 m³
Parcel 13373K0756/00L008, Flanders · tallest building 0.5 m. Linked by address, not a title deed.
1 establishment unit
MSG Management
since 20222.337.005.261
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13373K0756/00L008 | Flanders | 818 m² | 1 · 153 m² | 0.5 m |
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.
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Of 24,501 companies in sector 82990 we hold annual accounts for 9,402. 7,146 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-2022
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.