MSG OFFICE
ActiveMSG OFFICE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €212k and a net result of €27k. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 66% of 2024 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77▼-3
Solvency75▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.2 in 2023; short-term debt: 30.4% and cash: 1.8% of total assets), and 49.8% of the assets are financed with debt.
Credit advice 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 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
21 d late
2022
6 d early
2021
51 d early
2020
17 d early
2019
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€212k▲ 14.6%
2023 · €185k
2018: €84k
2019: €100k
2020: €90k
2021: €121k
2022: €145k
2023: €185k
2018 → 2024
Total assets
€422k▼ 4.5%
2023 · €443k
2018: €538k
2019: €496k
2020: €459k
2021: €443k
2022: €443k
2023: €443k
2018 → 2024
Net result
€27k▼ 31.4%
2023 · €39k
2018: €12k
2019: €16k
2020: €-9k
2021: €30k
2022: €25k
2023: €39k
2018 → 2024
Working capital
€-116k▼ 19.0%
2023 · €-97k
2018: €-62k
2019: €-65k
2020: €-65k
2021: €-71k
2022: €-86k
2023: €-97k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€90k-€121k▲ 33.6%€145k▲ 20.3%€185k▲ 27.1%€212k▲ 14.6%
Operating result€5k-€46k▲ 761%€41k▼ 11.0%€64k▲ 55.0%€46k▼ 28.9%
Net result€-9k-€30k€25k▼ 19.5%€39k▲ 60.9%€27k▼ 31.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 29% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €422k
Fixed assets
€410k▼ 1.9%
Current assets
€13k▼ 48.9%
Equity and liabilities €422k
Equity
€212k▲ 14.6%
Provisions
€1k▼ 12.3%
Debt
€209k▼ 18.3%
The debt ratio falls from 57.9% to 49.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€85k▼
2023 · €98k
Cash flow
€67k▼
2023 · €73k
Solvency
50.2%▲
2023 · 41.8%
Current ratio
0.10▼
2023 · 0.20
Quick ratio
0.10▼
2023 · 0.20
Debt / equity
0.99▼
2023 · 1.39
ROE
12.8%▼
2023 · 21.3%
ROA
6.4%▼
2023 · 8.9%
Interest coverage
9.82▲
2023 · 8.91
Debt
€209k▼
2023 · €256k
Debt ≤ 1 year
€128k▲
2023 · €122k
Debt > 1 year
€81k▼
2023 · €134k
Income taxes
€10k▼
2023 · €14k
Staff costs
€58k▲
2023 · €55k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€443k€422k▼
Fixed assets21/28€418k€410k▼
Tangible fixed assets22/27€418k€410k▼
Land and buildings22€394k€368k▼
Furniture and vehicles24€24k€42k▲
Current assets29/58€25k€13k▼
Amounts receivable within one year40/41€5k€3k▼
Trade receivables40€4k€1k▼
Other amounts receivable41€980€2k▲
Cash at bank and in hand54/58€18k€7k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€443k€422k▼
Equity10/15€185k€212k▲
Contributions10/11€110k€110k=
Reserves13€75k€102k▲
Tax-exempt reserves132€4k€3k▼
Distributable reserves133€71k€99k▲
Profit (loss) carried forward14€103€128▲
Provisions and deferred taxes16€1k€1k▼
Deferred taxes168€1k€1k▼
Amounts payable17/49€256k€209k▼
Amounts payable after more than one year17€134k€81k▼
Financial debts170/4€134k€72k▼
Other amounts payable178/9-€9k
Amounts payable within one year42/48€122k€128k▲
Current portion of amounts payable after more than one year42€79k€90k▲
Financial debts43€7k€11k▲
Other loans439€7k€11k▲
Trade debts44€12k€8k▼
Suppliers440/4€12k€8k▼
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€25k€13k▼
Taxes450/3€16k€4k▼
Remuneration and social security454/9€8k€9k▲
Other amounts payable47/48-€2k
Income statement
Code20232024
Remuneration, social security and pensions62€55k€58k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€40k▲
Other operating charges640/8€9k€9k▲
Gross operating margin9900€162k€153k▼
Operating profit (loss)9901€64k€46k▼
Financial income75/76B€81€81▼
Recurring financial income75€81€81▼
Financial charges65/66B€11k€9k▼
Recurring financial charges65€11k€9k▼
Profit (loss) for the period before taxes9903€53k€37k▼
Transfer from deferred taxes780€155€155=
Income taxes67/77€14k€10k▼
Profit (loss) for the period9904€39k€27k▼
Transfer from tax-exempt reserves789€465€465=
Profit (loss) for the period to be appropriated9905€40k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€28k▼
Profit (loss) brought forward from the previous period14P€208€103▼
Transfer to equity691/2€40k€28k▼
To other reserves6921€40k€28k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €212k ▲14.6%
4 profitable years in a row build equity to €212k.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Highest result since 2018net €39k ▲60.9%
Operating result €64k, net result €39k, both a record.
31-12
Financial
Equity above €150kEq €185k ▲27.1%
3 profitable years in a row build equity to €185k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
31-12
Financial
Equity above €100kEq €121k ▲33.6%
Equity rises from €90k to €121k.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-9k ▼158%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Mont-Saint-Guibert · 1 establishment unit since 2010
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 Bosquet 81435 Mont-Saint-GuibertGround area
5,723 m²
Building footprint
1,700 m²
Volume, LiDAR
10,905 m³
Parcel 25020A0014/00H002, Wallonia · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MSG OFFICE
since 20102.188.317.921
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25020A0014/00H002 | Wallonia | 5,723 m² | 1 · 1,700 m² | 12.7 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.
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Of 881 companies in sector 77229 we hold annual accounts for 319. 247 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-05-2010
Fiscal year end31-12
Activities, NACEBEL
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
82990Other business support services
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.